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Topic: [ANN][ICO]🌱SMARTLANDS - ✅first tokensale on 🚀Stellar! SLT is listed on SDEX - page 36. (Read 33372 times)

sr. member
Activity: 490
Merit: 250
where is the sig for upload? coud not find it anywhere.
member
Activity: 177
Merit: 11
What happens if a disaster vanishes or destroy tokenized assets who will cover my losses?
sr. member
Activity: 490
Merit: 250
this project is very interesting..i will join this...and also the sig campaign
full member
Activity: 238
Merit: 100
What is the minimum investment?
Minimum investment in presale - 5 ETH

Bonus: Amount in ETH
12%: 10-20
15%: 20-50
20%: 50-100
25%: >100

How does that 5 ETH work then?

Presale bonuses will be amended soon to include an option for smaller crowdsale participants starting from 5 ETH.
Thank you for your interest!
full member
Activity: 238
Merit: 100
Dear Smartland Team,

Since I'm involved in agriculture business myself, I find the idea of this project quite interesting. However, after reading the white paper I still have questions how this could work on practice:

4) On the example of your walnut orchard project, how exactly would investors receive their share of profit from the walnut sale? To make this work properly, all sales of walnut should be written on blockchain too. Do you have smart contract that will split the profit among all token holders?

With wide acceptance of cryptocurrencies and blockchain technologies it is a good idea to implement smart contract for automatic distribution of part of revenue (and profit), but currently we believe legal mechanism that will be in place with collateral agreement, public offer and so on is more reliable and practical way to handle the issue. It is not easy to make such legal framework and even harder for potential investors to access it and to check for possible risk. And that s where Platform kicks in and make the process way easier and more reliable for both parties with standardized and proved solution.

5) How the investors can monitor on what their money was spent by fund-raising companies?

First of all, the Platform will provide additional transparency of operations with IT solutions that will collect the data from agricultural companies so it will be easier to monitor the progress in every way including money spent by the companies raised during an ICO. The information will be provided in reports that will be in line with regulations for other public companies and additionally set in legal framework. In case of non-compliance with the rules fines, legal prosecution of executives, or loss of ownership for collateralized assets may apply to the company depending on the magnitude of the violations.

6) Is there any real usage of blockchain in the project at the moment, except for raising funds though ICO?

Creation of new class of low-risk tokens and building the infrastructure for cryptoinvestors seems to be a good reason enough to qualify for “real usage of blockchain” 
The rules of the Platform will be set by the SLT tokenholders through democratic organization principles implemented with blockchain technology (providing confidence for all the participants that results of voting cannot be corrupted). The same relates to the ability of the ABT holders to make decisions with voting that differs them from ABS.

Looks like the project requires a lot of coding and drafting of smart contracts. Please provide GitHub link where we can read some code.
This part of project will be published on further stages of ICO
full member
Activity: 238
Merit: 100
Dear Smartland Team,

Since I'm involved in agriculture business myself, I find the idea of this project quite interesting. However, after reading the white paper I still have questions how this could work on practice:

1) In the white paper you say that key assets of the target companies would be transferred to escrow as a collateral. I don't really understand what legal rights it would give to token owners. Can you show us a draft (smart?) contract between escrow and fund-raising company?

The legal framework will be developed in partnership with top legal advisors as both tokens and smart contracts are new to legislation and we would not risk investors  funds with legal framework that is not 100% correct.

2) What particular escrow company do you intend to use?

Escrow company will be incorporated by the Platform. The incorporation document (e.g. charter) will protect the interest of investors by not letting either the Platform or agricultural companies make any actions with the assets without prior consent of ABT holders.

3) When investor buys an asset-based token, does he sign any kind of (smart?) contract with escrow or your platform? If yes, please provide example of such contract. If no - how does your platform guarantee money return to investors if company they invested in appears to be a scam?

The Platform will set high standards for audit and examination of a company prior to an ABT issue, therefore “scam” companies will not even have a chance to issue tokens (at least within the Platform). Should the company default on its obligations, the collateralized assets will be transferred to ownership of the escrow company and sold consequently. The proceeds will be provided to the token holders.

In the nex post, I'll cover the rest questions...
sr. member
Activity: 994
Merit: 278
What is the minimum investment?
Minimum investment in presale - 5 ETH

Bonus: Amount in ETH
12%: 10-20
15%: 20-50
20%: 50-100
25%: >100

How does that 5 ETH work then?
newbie
Activity: 53
Merit: 0
Love the idea. Great to see efforts aimed to really change the world we live in. Good luck with your project, guys.
member
Activity: 69
Merit: 10
I'm curious, how much did the audit of Deloite cost....?

It is not necessary to go for the Big-4 auditors in every case. Cost benefit analysis should be taken into account. The pilot project is meant to be a top notch example, therefore, the top-rated firm was chosen.
newbie
Activity: 46
Merit: 0
Can investors use fiat to participate?
member
Activity: 69
Merit: 10
How these will help the farmers to increase ability of production and what benefits they will get from this platform. A farmer from Africa where tech of communication is not developed so he will get access to this market. Will you educate the farmers to use the blockchain?

Actually, that's the challenge. Adaptation is not that easy as you need to educate your target customers.
And usually, they will not accept that as they will say that they are fine with their current situation.
Why complicate things right? So I think that's one of the biggest hurdles with this kind of project.

We understand the challenge but the level of development of farmers differs and it is absolutely incorrectly to view farmers as uneducated and narrow-minded workers that can't understand new developments and IT solutions. There are a lot of progressive farmers that apply hi-tech IT solutions for farming like driverless tractors and complicated control systems. So we are sure that there are farmers right now that can comprehend the offer of the Platform, especially given that we will guide farmers through every step. Moreover, we believe that just in few years blockchain technology will be widely applied in many spheres of our life and farmers will be aware of the technology. It would not be something totally new to them, while we will educate them further. So the amount of farmers that will be interested in such an option will grow exponentially.
There are agricultural assets worth 27,8 trillion USD worldwide so it is a huge potential market that we will work with.
We believe that successful cases of the attraction of cryptoinvestments for application of innovations or scaling the business will motivate others to consider the option and to join.
member
Activity: 70
Merit: 10
How these will help the farmers to increase ability of production and what benefits they will get from this platform. A farmer from Africa where tech of communication is not developed so he will get access to this market. Will you educate the farmers to use the blockchain?

Actually, that's the challenge. Adaptation is not that easy as you need to educate your target customers.
And usually, they will not accept that as they will say that they are fine with their current situation.
Why complicate things right? So I think that's one of the biggest hurdles with this kind of project.

In mot of the cases - yes, crowd doesn't want to educate. But when they see the real positive results of platform's work, don't they try to repeat these results and get the profit?
member
Activity: 74
Merit: 10
The name is very catchy,Hope your business cooperation can make a breakthrough, so people will follow a high degree
member
Activity: 70
Merit: 10
How these will help the farmers to increase ability of production and what benefits they will get from this platform. A farmer from Africa where tech of communication is not developed so he will get access to this market. Will you educate the farmers to use the blockchain?

Actually, that's the challenge. Adaptation is not that easy as you need to educate your target customers.
And usually, they will not accept that as they will say that they are fine with their current situation.
Why complicate things right? So I think that's one of the biggest hurdles with this kind of project.

Yes, don't you find it too complicated for ordinary farmers?
hero member
Activity: 2744
Merit: 588
How these will help the farmers to increase ability of production and what benefits they will get from this platform. A farmer from Africa where tech of communication is not developed so he will get access to this market. Will you educate the farmers to use the blockchain?

Actually, that's the challenge. Adaptation is not that easy as you need to educate your target customers.
And usually, they will not accept that as they will say that they are fine with their current situation.
Why complicate things right? So I think that's one of the biggest hurdles with this kind of project.
newbie
Activity: 1
Merit: 0
Dear Smartland Team,

Since I'm involved in agriculture business myself, I find the idea of this project quite interesting. However, after reading the white paper I still have questions how this could work on practice:

1) In the white paper you say that key assets of the target companies would be transferred to escrow as a collateral. I don't really understand what legal rights it would give to token owners. Can you show us a draft (smart?) contract between escrow and fund-raising company?
2) What particular escrow company do you intend to use?
3) When investor buys an asset-based token, does he sign any kind of (smart?) contract with escrow or your platform? If yes, please provide example of such contract. If no - how does your platform guarantee money return to investors if company they invested in appears to be a scam?
4) On the example of your walnut orchard project, how exactly would investors receive their share of profit from the walnut sale? To make this work properly, all sales of walnut should be written on blockchain too. Do you have smart contract that will split the profit among all token holders?
5) How the investors can monitor on what their money was spent by fund-raising companies?
6) Is there any real usage of blockchain in the project at the moment, except for raising funds though ICO?

Looks like the project requires a lot of coding and drafting of smart contracts. Please provide GitHub link where we can read some code.

I know these are a lot of questions, but I would really appreciate answer to all of them. Thanks and good luck!
newbie
Activity: 10
Merit: 0
If decide to withdraw my investments, how much time do you need to complete the request?
full member
Activity: 238
Merit: 100
What is the minimum investment?
Minimum investment in presale - 5 ETH
member
Activity: 84
Merit: 10
What is the minimum investment?
full member
Activity: 238
Merit: 100
how about the presale price and the ICO price. how about the bonuses in the presale?? i hope there are much bonuses on the presale.  Grin Grin
You may find information about the bonuses on the thread post or on the website https://smartlands.io . Bonuses on presale will depend on the size of the purchase. Here is the info on pre-sale bonuses
Bonus: Amount in ETH
12%: 10-20
15%: 20-50
20%: 50-100
25%: >100
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