Secret Trees Convertible Token (STCT)ICO Secret Trees is an industrial Hemp producer that optimises supply chains and reduces transportation costs for the Hemp community. We will create refined products in our Latvian-based factory, that can be distributed according to the wishes of the token holders, by generating demand through our Tokenization model. IMPORTANT: By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice. |
Overview
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Technical details
Secret Trees resolves the issues mentioned in both the hemp and construction industry though our triple token model. STE - Secret Trees Equity Investors are afforded ownership stake in the company, dividends and access to token price movements from the company's business activities. Following the full installation of the Secret Trees factory, dividends will be paid from profits made from hemp product sales and manufacturing sales. STU - Utility token Individuals and hemp producers are afforded access to our hemp facilities. This token entitles a user to have their hemp grown and refined in our Latvian based factory, hence use as a futures contract is afforded to hemp producers. The sale of the STU coin will be available until the date of the plant\'s performance is known more precisely, the estimated time period is Q3 2020 STS - Seed token For this initial generation of STS tokens, we will provide an interface to lock a number of your STU tokens for 30 days hence, you will have 30 days to lock your STU in order to generate STS. The amount of STS tokens that will be generated is independent of when you lock your STU during this time frame.
What is Secret Trees Convertible Token
Abstract
Secret Trees is an industrial hemp producer that reduces supply chains and transportation costs for the hemp community. We create refined products by producing demand set through STU token, in our Latvian based factory, that can be distributed as per the token holders wishes. Business activities encourage the use of renewable and environmentally friendly materials to both individuals and existing hemp producers, who will now be able to rent land plots and or reproduce their hemp interest through the Secret Trees factory.
Current Hemp market problems
As with any supply chain, length is always a problem. A producer of hemp is only the first block in the supply chain, hence a producer needs a manufacturer to turn hemp into a hemp product, who in turn need retailers to distribute. This has led to an insufficient share of revenue for the total cost of product being paid to producers.
With the majority of the world's hemp produced in China, there is an uneven amount of supply across the globe. The poor quality of finished products from this region means that most of the output is used for hemp paper and textiles, hence, the quality of the current supply is limiting the use of hemp in other industries.
Legislation has been restrictive in this area. Due to the proximity of characteristics of hemp and marijuana, regulators have previously classed the two synonymously and restricted its production. Developing research in the area has prompted adapted legalisation of both plants across the world, with hemp production now legal in Canada the US and EU.
Entry costs to the market are high, in that land, machinery and workforce are to individual’s expensive assets. The requirement of upfront costs to partake in business activities is quite onerous for hemp producers too and with no futures contracts available for hemp, there is no protection.
Futures
What is a Futures Contract?
An agreement to buy a specific amount of an asset at a future time for a certain price. These contracts are generally set on standardised terms meaning they are fungible – contracts have common underlying assets and common delivery dates.
The Secret Trees Futures Contracts model (STF)
Hemp producers will be able to agree to buy hemp or hempcrete at a future date (once the factory is operational) for a certain price at the point of the Secret Trees ICO. This contract will be issued via the Secret Trees Exchange. Secret Trees Futures will be encoded in a smart contract, where the party to the smart contract is the token holder, allowing the Futures contract to be tradable.
Producers will be proposed with two option when purchasing Futures Contracts: Exchange Traded: Fungible futures contracts. Here contracts will have standarised terms issued by Secret Trees. Over the Counter: Non-Fungible futures contract. Here contract terms can be set by the producers as per their requirements.
The smart contract these futures shall be encoded into will lock in 3% of the agreed purchased, meaning at the time the contract is redeemable, the current STF holder will autonomously pay 3% of the contracts total value. All STF holders will be credit-rated so that the lock-in price will reflect the risk of the agreement with the individual purchasing STF. From this a prospective purchaser having defaulted on a previous agreement would have to purchase STF with a higher lock-in period (4%). The lock-in period will therefore increase by 1% on every default by a purchaser.
What is a Call Option?
The right to buy a specific amount of an asset at a future time for a certain price. This is a right, not an obligation, call option holders have the choice whether to exercise the right or not. The right afforded by call options is available via premium and may be tradable.
The Secret Trees Futures Contracts model (STF)
Hemp producers will be able to purchase a right to buy hemp or hempcrete at a future data (once the factory is operational) for a certain price at the point of the Secret Trees ICO. This right will be available via purchase of STCO Token through the Secret Trees Exchange. The STCO Token will represent a specific weight of hemp or number of hempcrete blocks depending on the purchasers requirements.
Producers will be proposed with two option when purchasing Futures Contracts: Exchange Traded: Fungible Call Option Tokens. Here tokens will have standarised terms issued by Secret Trees. Over the Counter: Non-Fungible Call Option Tokens. Here contract terms can be set by the producers as per their requirements.
The Call Option Token (STCO), will have a premium of 5% of the value of the overall contract. As STCO is a token, redemption is not obligatory and be redeemed on the redemption date through the Secret Trees Exchange. There is no credit-rating mechanism for this token, as credit defualt risk is covered by the premium.
DetailsPre-sales: Nov 30, 2018 - Dec 31, 2018Public sales: Feb 28, 2019 - Mar 31, 2019 Pre-sale token supply: 50,000 STCT Token supply: 50,000 STCT Total tokens for sale: 50,000 STCT Soft cap: 25,000 USD Hard cap: 50,000 USD LegalBlockchain Platform: StellarRegistration country: Latvia Registration year: 2018 Office address: Broceni, skolas iela 21-49 | Token infoTicker: STCTType: Utility-token Token price in USD: 1 STCET = 1.00 USD Accepted currencies: ETH, BTC, LTC |
Secret Trees Convertible Token Roadmap
Business model
Development
Whitepaper
Development
Team establishment
Resource acquisition
Token economic development
WEB v1 Launch
White Paper release
pre-seed/seed launch
Main funding launch
Legal framework Partnership cultivations
Factory legal acquiring
Factory Construction
Community Growth
Partnership establishments
Security testing
New partnership cultivation
Community growth
Client Dashboard Launch
Utility token sales launch
Derivatives introduction
New partnership cultivation
Secret Trees
Platform
Launch
Utility Token Exchange listing
Community growth
Marketplace launch
1st Equity token vote for diversification
New partnership cultivation
Secret Trees
Further development TBA