1 LIKE = 0.35 USD Start: 07/09/2017 00:00 GMT End: 23/09/2017 00:00 GMT 3,000,000 LIKE tokens For Early investors MAX CAP - 1,050,000$ +Extra Bonus from 10 ETH = 650 LIKE per 1 ETH +Extra Bonus from 100 ETH = 1250 LIKE per 1 ETH
Investing in Real Estate Property Investments yield up to 40% of the market value
Free Booking MarketPlace Rental market without commision
Real Estate Agency Network You can sell or buy properties via Like tokens
Investing in Real Estate Free Booking MarketPlace Rental market without commision Real Estate Agency Network
Attention. There is a risk that unverified members are not actually members of the team
$2 213 330
We must say if you are looking to find a cash cow in the real estate market and the digital currency avenue, then you may have struck gold, but only in theory currently. While the company does not have a listed Whitepaper for an investigator to conduct their research, Likecoins’ project proposals seem intriguing. The market is hot for property investments in foreign countries, and utilizing cryptocurrency and blockchains seems to be another method to rake in extra cash and expand the network. So here is why we have some skepticism: the platform requires users to invest in LIKE tokens, which once there is enough accumulated through crowd fundraising, the organizers of Likecoin will then invest in liquid real estate at 70%. Sounds good conceivably. The current caveat in this plan is that its’ growth is based on exchange rates, which fluctuates daily in the market. For example, if you are looking to purchase a home, and 500s Likecoin can be exchanged for an Ether one moment, then the next day, the Likecoin value decreases, and exchange to Ethers requires 750 LIKE tokens…. That is a great fiscal volatility to be facing, much akin to those weird chemistry experiments back in high school. Another variable to factor in the risk list is the timing it takes in order to convert this form of cryptocurrency, let alone any, to a liquid asset in that a property owner requires standard tender or fiat money. There are cases in which individuals proposed their down payment via Bitcoins, although the buyer was not able to sell off their tokens in time to solidify their offer. Among these few reasons alone, while handling cryptocurrency for homeownership and rental properties is an exciting business, one needs to be aware it is a massive gamble. Furthermore, much to everyone’s chagrin, the government does deem Likecoin, Bitcoin and other cryptocurrencies taxable. If an individual is looking into purchasing a home by way of crypto coins, then tax rates can be another drawback. As it stands, the buyer would pay approximately 20% in capital gains taxes and also be subjected to another tax slap of 3.8% on any appreciation of their cryptocurrency. Yikes! Since Likecoin is still in its early stages, taxation pay-out is a thought to surely consider to keep your assets working for you, rather than against. All in all, while Likecoin is not the pioneer of home equity through cryptocurrency (Bitcoin already has a jump start), it may be a new hopeful endeavor in capital gain for those willing to take the plunge. If you don’t mind playing with chaos of course.
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