resorts sto
Blockchain-based security token offering platform and ecosystem for turning recreational assets into security tokens and running an STO campaign.
[ BLOCKCHAIN ] [ WEB ] [ CRYPTOCURRENCY ] [ ETHERIUM ] [ STO ] [ TOKEN DEVELOPMENT ]
2019
Resorts is an award-winning luxury retreat operating in Bali, Indonesia since 2011. Their recreational assets are providing travelers with a unique experience in exceptional natural surroundings. The luxury properties are owned by Resorts Digital SA holding (Swiss parent company) based in Geneva. Its founder and CEO is Alexa Aguila Genoyer.
Resorts is set to develop into a global brand, offering transformative luxury escapes on multiple continents. The properties are currently undergoing expansion. From April 2019, the number of guest houses and other facilities on the premises is consistently increasing.
The client came up with an idea to create a scalable solution that would allow to conduct Resorts equity sale and raise funds in a secure & regulated manner with a security token offering (STO).
To bring the solution to life, Distributed Hub team was challenged to create a web representation of a security asset offering campaign, with real estate properties represented in the form of Ethereum tokens.
The key objectives are:
To develop an Ethereum smart contract for asset tokenization;
To design a website for the private security token offering;
To provide a convenient way for investors joining the campaign;
To integrate the solution into an existing ecosystem of a Swiss bank.
Step by Step Process for Receiving Resorts Security Tokens
Getting Started: users log into the Resorts account with a username and password
Investor Dashboard: users get access to the custom panel showing the latest registered users, transactions info, token info, etc.
User Interface: Having logged in, users find a step-by-step guide on how to pass AML/KYC verification
Purchase Tokenized Shares: users join the investment round directly after having been AML/KYC verified
Additionally, we created an STO landing page as a web representation of this security asset offering campaign and as a convenient way for investors to join it. The Investment Calculator embedded into the page provides the prospective investor with information on the number of shares resulting from a particular sum of contributed USD. The dashboard displays a roadmap with details of the equity sale: land purchase, land access, permit acquisition, etc. Investors always have access to the information they need and can easily monitor their contributions and dividends.
Distributed Hub has made a few custom changes to the STO platform to comply with the Swiss legal system and successfully integrated the solution into an existing ecosystem of one of the largest Swiss banks.
FEATUres
STO token ecosystem
STO smart contract
STO landing page
Investor dashboard
Single-transaction purchase
6 weeks
duration
2000
man-hours
Projects
By taking a tailor-made approach with every client, we’ve successfully delivered over 300 projects in blockchain, artificial intelligence, IoT, AR/VR, game development, web and mobile app development
