What Is Cryptectum?
Cryptectum is a new company based on blockchain technology that has been highly refined to work with investment strategies. Apparently, it was developed in Switzerland. The main investment of the company is into the area of real estate.
Cryptectum is based on the Ethereum blockchain. And for every dollar you put into the company, you get a token for. With that, the token you get is said to act as another income stream derived from the rental fees and to increase the value of the different assets that are at the hands of Cryptectum. The distribution of rental fees is also done via buying and dropping of the tokens through different exchanges. If there are no tokens to be bought, Cryptectum claims they will reinvest the money with the fees.
You can use the tokens to buy investments and make different decisions within the company. And without the consent of the various token holders, they promise that no property will be purchased. Also, as capital increases, you can cast votes to determine the purchase of property. Basically, they claim that without the consent of a majority of the tokenholders, there will be no further tokens issued.
How Cryptectum Swiss Real Estate Blockchain Crowdfund Investing Works
Supposedly, rental of real estate in Switzerland has been booming. It’s said to be one of the most profitable and lucrative investments a person can make in the world. There is said to be a return of up to 8% per year and it can go on for a long time with little to no interruption. Unfortunately, a lot of companies have been making the same claim about Switzerland and when looking at the website, there is little to no information backing this claim.
Also, the minimum investment into the company is a high amount that requires you to buy property in the country. And property at this time is said to be very high, for example a 3-room apartment in the city is said to be cost one million Swiss Francs. And apparently that is wear the company Cryptectum comes into play. With the help of the blockchain technology, it allows investors to make some profits and invest into various pieces of real estate or rentals.
Via crowdfunding, Cryptectum collects funds, acquires property and rents it out. Blockchain technology then in turn, helps to distribute rental income to investors and claims to do so in the simplest way that anyone can understand. But again, if you go to the company website – there is no information backing anything they say or the claims they make.
Along with that, the company also maintains the property, which is said to be a major plus for anyone who invest with them, since they will no longer have to worry about taking care of the property. But there is no real indication that they will actually be doing anything they promise.
With Cryptectum, the investors are said to truly be the ones who benefit from any investments. The Swiss real estate market is promised to be the most lucrative investment area a person can get involved in. And it’s for as little as $1 an investment. They claim that investing with them is the most solid investment a person can make with a return that would be considered relatively high by most standards and is also low risk.
What Is The ICO On Cryptectum?
The ICO is said go from February 18th to March 18th of 2018. It runs on the Ethereum blockchain and tokens are known as Tectum. The price per token will be $1.00 and is said to be paid in Ethereum, with ac conversion rate that is set when the ICO starts.
Distribution in the ICO is said to be 85% with a multi-wallet and the role of the token will be for profit sharing and voting purposes. The minimum investment goal is $150,000 and the maximum investment cap is said to be $1,275,000.00.
Who Is Behind Cryptectum?
There is no clear indication of who is behind the company, this is a major red flag. One of the biggest signs of a fraudulent company is that they lack transparency when it comes to the team behind them and where the company is run. A lot of people will say Sweden or Switzerland because they area trusted countries. But, in reality – they are really not even a company and no one has any idea where they are even from at all.
This is a total scam company by all means. They have no information about what the company real does, or where they are located in Switzerland. Also, most importantly – no on knows who the team behind the company is. Never, for any reason send money to any anonymous company or person online. Cryptectum seems to be a true scam that you would do best to stay away from.
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