We are happy to announce that Tokenomica has launched a sandbox of its Security Tokens Issuance Platform (STIP) — a virtual testing environment where users are able to issue their security tokens and launch the very own security token offering (STO) on the Waves Testnet blockchain. In addition, all STO campaigns will automatically qualify to participate in the STO Contest with a chance to win up to 500 Waves!
Security Tokens Issuance Platform (STIP) is a unique solution that simplifies the Security Token Offering process for both companies and investors. STIP offers companies a solution to launch a fully compliant STO campaign and to get easy access to secondary markets. For investors, we have prepared an STO marketplace where all the past and on-going STIP’ STO campaigns are available. We believe that the process should be automated as much as possible. In doing so, we have automated the token issuance system which encompasses the creation of tokens on the blockchain that also includes legal structuring and fully compliant features built right into the code. Automation of these manual processes leads to a significant reduction of costs, cuts a number of intermediaries, and reduces the overhead of time and resources.
The full version of the STIP will be released this August, in the meantime, users will be able to test the platform without risking their funds.
“Over the next few years, we believe that tokenized securities will foster in a new promising solution to dramatically change the current landscape of the investment market. With STIP, we want to speed up that change.” – said Artem Tolkachev, Tokenomica’s Founder and CEO. “When we first started working on our Security Tokens Insurance Platform, we had two main purposes: first to make the security tokens issuance process as easy and as automated as it can be; second to create the STO Marketplace in the secure, regulated, and compliant environment where issuers could easily list their tokens and investors could invest their projects. With the STIP Sandbox we are giving an opportunity for both issuers and investors to test our platform not only without risking their funds but with a chance to win up to 500 real Waves tokens.”
There will be 4 winners:
3 will be chosen by users: 3 STO campaigns to raise the most reach their Softcap will win up to 500 Waves (1st place - 500 Waves; 2nd place - 350 Waves: 3rd place - 150 Waves).
1 will be chosen by Tokenomica’s team: The winner will get all the legal services required for the STO campaign on the launch of the full version of the STIP covered by Tokenomica.
What Is Needed From You
Your campaign can be just a blank page, it’s up to you. But we think that to increase your chances of winning, you will need:
1) An interesting idea ;
2) Value of your project;
3) Business plan (doesn’t have to be fully prepared);
4) Projected benefits for the investors.
You can create a company that will never exist and just make something for the laughs or our STO contest may be the perfect place to test out your ideas or new projects. If you already have a project that will be launched soon, you can add links to your website, social media, and add whitepaper as well. It’s up to you.
- The contest starts on June 11th and ends on July 31st.
- 3 winners will be chosen by users based on the amount of Waves Testnet tokens raised. Additionally to that, to be considered a winner:
(a) STO campaign must reach its Softcap;
(b) Collected funds must be sent from at least 20 STIP accounts.
- 1 winner is chosen by Tokenomica team.
You can find all rules of our contest in this document.