Anyone else getting completely screwed by tokenized real estate platforms?? Cant sell anything

Question

Put about 15k into this tokenized real estate crap over the last 8 months because every crypto influencer and their mother was shilling how its gonna make real estate "liquid like stocks" and now im finding out you literally cannot sell these tokens anywhere except back to the same platform that sold them to you at whatever garbage price they feel like offering. Been trying to cash out some positions for over a month now and keep getting told theres "limited secondary market liquidity" or "were working on exchange partnerships" which is obvious BS since the whole point was supposed to be solving real estates liquidity problem. Each platform has their own proprietary tokens that only "trade" on their own internal marketplace with maybe 2 other desperate people trying to sell and zero buyers, meanwhile theyre still running instagram ads about "trade real estate 24/7 like the stock market" while existing investors are completely trapped. Starting to think this whole thing is just another way to separate retail investors from their money except now they use blockchain buzzwords to make it sound legit, has anyone actually managed to sell tokenized real estate tokens on real exchanges or are we all just holding bags until these startups decide they want to buy back at 50 cents on the dollar??

pepper · Answer

Welcome to the club dude. Got $12k stuck in some dallas apartment complex tokens that are apparently worth whatever RealtyMogul decides theyre worth today. "decentralized" my butt

Kimex · Answer

This is exactly why i never touch anything that doesnt trade on NYSE or NASDAQ. If robinhood cant sell it instantly then its probably a scam designed to trap your money

omen · Answer

Called this garbage months ago when everyone was going crazy about "democratizing real estate." Its just REITs with extra steps and worse liquidity but hey at least you get a cool looking token in your metamask wallet 🤡

cgehv · Answer

Went through this same nightmare last year. Platform went radio silent after 6 months and my "ownership" in some miami condo is now worth exactly $0. Learned expensive lesson about trusting startups with my retirement money

M.1.K.E. · Answer

Honestly we're all just unpaid beta testers for these companies while they try to figure out their business model. Meanwhile they collect 2% management fees whether we can sell or not

0010061353 · Answer

Talked to securities lawyer about potential class action. Selling "liquid real estate investments" when liquidity literally doesnt exist seems like textbook fraud to me. Anyone else interested in joining?

rrreeewwwqqq · Answer

The core problem is what researchers call market fragmentation where each platform creates isolated token economies instead of standardized assets that can trade across multiple venues. We basically bought into digital monopolies disguised as innovation

qwerty48 · Answer

Pulled out of all this junk and went back to VTI/VXUS. Boring index funds that i can actually sell when i need money instead of begging some 25 year old startup founder for permission to access my own investment

spootsbossy · Answer

Customer support told me "blockchain technology takes time to mature" when i asked why heck i cant sell my tokens. Like buddy i have bills to pay RIGHT NOW not in 2030 when you figure out basic market making

toronto · Answer

These platforms are still advertising on youtube while screwing over existing investors. Saw ad yesterday promising "instant liquidity" for real estate investing. Should be illegal to advertise something that doesnt exist

fe · Answer

Platform offered to "buy back" my tokens at 40% of what i paid citing "current market conditions." WHAT market?? Its just them deciding arbitrary prices because they control everything. Total scam

L2 · Answer

Whole space reeks of ponzi dynamics where only way early investors get paid is if enough new suckers keep buying in. Classic greater fool theory except with real estate tokens instead of crypto coins

Military · Answer

Filed SEC complaint because this feels like securities fraud. Theyre selling investment products with false liquidity promises while knowing darn well theres no real secondary market for these things

Lin(99) · Answer

Expensive lesson learned. "revolutionizing real estate investing" was the red flag i shouldve paid attention to instead of getting FOMO from crypto twitter. If it sounds too disruptive its probably too broken to work