StoneToken

What Is StoneToken?

StoneToken is a blockchain-based platform that will allow for the tokenization of real-time raw materials with the underlying assets ranging from crushed stone to mineral powder. As the first industrial token with real value, StoneToken will look to tokenize real assets from the mines in Slantsy, Leningrad region of Russia.

The product later holds onto the balance sheet of the mining company, Pervaya GoK. The goal of the ICO is to raise enough funds for the construction of the production plant within the city, which will have the capacity of producing 200, 000 tons/year.

How StoneToken Asset-Backed Blockchain Works

StoneToken is the asset-backed token that represents the physical asset (mineral powder). The token also has a security value of by 200% that comes with the real assets' market value it represents. Under the tokenization of the raw materials, the token holder will have the following functions:

  • Invest in StoneToken and secure it with the real raw materials at their existing market value for more than five years.
  • Sell tokens to the through StoneToken's buy-back option
  • Be a part owner of the plant construction and equipment by the token holder's rights
  • Decide on the type of material appropriate for the extraction process.

StoneToken Benefits

StoneToken's combination of advanced financial technologies and industrial production could have the following positive implications to the holders.

  • Ability to own a raw material base with the additional workload for 15-20 years.
  • Competitive prices for the raw materials to the token holders as StoneToken offers a below market price value. The value gives investors an opportunity to invest more in raw materials through the cryptocurrency.
  • The growing demand and consumption of mineral powder could potentially lead to an increase in StoneToken's value.
  • Smart contracts provide investors with the control to decide on how more than 80% of the ICO funds go into use.
  • The mineral powder from the mines have different scopes of the application within the construction industry, and this presents diversity regarding value foundation of StoneToken.
  • Real asset backing also guarantees the token holders less risk since the value of StoneToken relies on real markets and raw material stocks.
  • Token holders can exchange StoneToken with the real quantity of the raw materials if they please.

StoneToken STTN Coin ICO Details

Pre-ICO

  • 16 May 2018 till 26 May 2018(Ongoing)

ICO

  • 26 June 2018 till 8 August 2018
  • Max Cap – 10.000.000 STTN
  • Hard Cap – 7.252.000 STTN
  • Soft Cap – 2.000.000 STTN
  • Bounty – 148.000 STTN
  • Team Tokens – 2.600.000
  • Team reward – 1%

Tokenomics

  • Ticker- STTN
  • Available tokens: 25
  • Price: 1 STTN=0.75USD
  • Buy with: ETH, BTC, Waves
  • Platform: Ethereum
  • Restricted: USA
  • 1 STTN= 1 cubic meter of crushed stone

StoneToken Conclusion

StoneToken boosts of having a real working product with the Pervaya GoK Company. Additionally, the project does have plenty of possible advantages to its token holders. However, a point of concern remains in the fact that there is little information on the co-operation with the alleged parent building Supplier Company.

There is also the little reaction to the project from the crypto community, and this shows a lack of enthusiasm. Overall, StoneToken does have an interesting concept, but with most of still, in theory, it is only a wait-and-see situation as the Pre-ICO runs out.

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