The main features will be staking of the token to produce a liquid return for the investor that will be bonded and unbonded. The next feature is the ability to lock the token and get a pertcentage ownership of the project. The smart contract will lock the funds in a transparent manner for the hold period that was disclosed in the operating memorandum. The audience that the project is intended is investors that have made profits in cryptocurrency and looking for yield in a hard asset backed asset. We would like to help investors build financial sovereignty. The other group of investors that we would like in the ecosystem is someone that has a moderate to large cryptocurrency portfolio that can borrow on from a defi platform such as meld that can produce a high yield in addtion to the appreciation of the token. The final investor is someone that is interested in buying and trading the token where they can lock the purchased token in for the hold period. The impact is substantial where we can grow the wealth of the investor and have sponosors acceess to fast, cheap capital. The other aspect of this token is that this project will be under the umbrella of RT park which is a tax benefit program in the United States, Virgin Islands which will decrease the tax burden by 90%. Our hope is to pass these savings onto the investors and sponsors.
The platform brings investors and sponors together to solve the problem of getting funding efficiently and quickly for self-storage facilities. We will use marketing to help get the community interested in the different projects and provide transparency for the investment on the platform. The first step in the primary phase is to get the white paper completed. We are confident we can get this completed in on month. The staking portion of the platform is set to launch on September 1st and have the goal of having 10 million dollars worth of STOR Token on the platform one month after launch. I plan to start a youtube channel to be completely tranparent and communicate to our community. We also plan to go a podcast/youtube tour to get the word out for the project.
There are two main challenges are 1:) security of the systerm (we plan to have the platform audited to help make sure the platform is secure) 2:) Compliance with the SEC - We plan to work closely with an SEC securities attorney to make sure the compliance is obtained. We take this aspect of the platform very seriously. It seems at this point that US based self-storage facilities will need to be registered as a 506c security and plan to have the paperwork completed on the platfrom.