The curtains seem to be drawing on the REAL-TOK saga. This crypto investment scheme promised the moon but plummeted to the gutter, orchestrating what can only be described as a spectacular collapse. FinTelegram, having previously raised black flags about this dubious venture orchestrated by Vienna's real estate entrepreneurs via the REALTO Group, watches as our warnings manifest into a grim reality.
Investors in the real estate token REAL-TOK are facing the expected nightmare scenario. Initially offered at €1 during its Initial Coin Offering (ICO), REAL-TOK, symbolized as RLTO, saw its listing on the Lithuanian crypto exchange P2B in early December 2023. By February 18, its price had climbed to around USDT 1.6 (€1.47). However, a rude awakening awaited investors on February 19 when the price plummeted, losing more than 95% of its value. Is this the beginning of the end?
As the REAL-TOK website has announced for months, the €1.2B Initial Coin Offering of the RLTO real estate token was launched on July 1, 2023. This is probably the biggest ICO so far in the last 2 years. Organized by the Vienna-based REALTO Group led by the Austrian real estate investors Peter Kilian, Lukas-Koch Hochmuth, and Thomas Wagenhofer, the token sale is expected to raise no less than €1.2 billion. One RLTO will be sold at a nominal €1, with VIP users getting a 10% discount.
On July 1, 2023, probably the most ambitious Initial Coin Offering (ICO) worldwide will start via Vienna and Dubai. In the course of this so-called REAL-TOK ICO, up to 1.2 billion real-estate crypto tokens are to be sold for €1.00 each. This makes targeted proceeds of €1.2 billion. The issuer of this gigantic ICO is the Vienna-and Dubai-based REALTO Group. In the middle of this ICO is a Catholic monastery which owns the group's real-estate properties.