Stead (STEAD)

Stead is a platform to fund floating infrastructure. The tokens derive their value as tickets that allow the rental of the floating assets they funded, such as boats, fish cages, or floating houses.

Whitepaper

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What is Stead

Stead will allow sometimes difficult to acquire assets to be fully funded via crowdsourcing on the blockchain, this will benefit both small businesses in the Philippines, US, and other countries. Stead tokens function as a semi-stablecoin that has yearly increasing returns through collateralization of real-world assets.

An Application Officer will determine whether their investment is worthy and profitable, and if granted access their listing will appear on our marketplace. Potential ticket buyers, like you, can then view the different floating assets that we are attempting to raise funds for on our marketplace.

For any asset, you can mint Stead. Each unit of Stead serves as a ticket to reserve time with the asset. The Operator (the party that requested to have their asset listed) then uses the funds raised to acquire the floating asset and leases time with it using the tokens minted during the fundraising period. This continues until enough time has passed, that they earn the right to have ownership transferred to them.