Can you explain on simple example how this idea works, why do farmers need this?
To go through an ICO now without the Platform any farmer will have to
1) find the jurisdiction friendly to token issues and create a legal entitiy there
2) find out technical details of token issue
3) decide on legal framework that would be acceptable to both farmer and investors
4) prove value of his assets in some way
5) run a marketing campaign to find investors
6) sell tokens at relatively low prices to offset risks for the investors or just to draw their attention
7) find and negotiate with cryptocurrency exchange to list the tokens.
The Platform will provide answers to task 1 to 4 with ready standardized solution. On the other hand the Platform will attract investors with standardized legal framework protecting their interests significantly reducing costs of problems 5 and 6. Partnership of Smartlands with crypto exchanges will address problem 7
You may find simplified sequance of actions and diagram on the website or in the thread post. Here is description
01 An agricultural company addresses Platform to get its assets tokenized and raise the investments. Smartlands Platform manages the process of verification and auditing of the company. The agriculture company pays the fee for the services provided.
02 The agricultural company and the escrow company enter a collateral agreement for the assets.
03 Platform provides a standardized offer to potential investors. Investors buy tokens of the agriculture company providing investments for development of the company. Platform lists the issued tokens on the partner cryptocurrency exchanges to enhance token liquidity.
04 ABT investors buy the required amount of SLTs from holders at current price.
05 Agriculture companies share the revenue and profit with ABT holders.
Please ask additional questions if you have any.
