Quote from: monsanto on October 31, 2017, 03:34:26 PM

Quote from: tokensepton on October 31, 2017, 12:32:35 PM

Quote from: monsanto on October 31, 2017, 11:01:56 AM

Hmm.. so it's like an ICO for a token that will be used as the most basic unit of exchange on a Smartlands Exchange (yet to be built) that will list tokenized agricultural assets that have been vouched for by Smartlands. So Smartlands will act as a regulator of sorts on their exchange I take it. Smartlands will pay for all this initially using the money from this ICO which is not regulated (kind of ironic). Well I guess it could work. I'm not sure if the agricultural folks will pay for Smartlands when they could just cut out the middle man and issue their own token though. Will depend on what benefits being listed on Smartlands will provide versus any other exchange.

I am pretty sure you are very wrong about cutting out the middleman. It is not easy to create a legal framework to secure the interest of investors in an ICO and even harder for potential investors to assess it and to check for possible risks. Thats where the Platform kicks in and make the process way easier and more reliable for both parties with standardized and proved solution.
It seems like you missed the core idea of the project.

From Introduction of Whitepaper:
Existing major problems that will be addressed by the Platform
1)   Chaotic, confusing and unclear token issues
2)   Extreme volatility of tokens and no safe haven assets in crypto universe
3)   No comprehensible way to invest into projects in agriculture worldwide
4)   No secure protocol to tokenize assets that leave 9,8 trillion USD market potential untapped
5)   Soaring food demand caused by population growth (to reach 10 bln by 2050) that is unlikely to be met with current productivity increase pace
Core ideas of the Platform that will help to solve the aforementioned problems.
   Maximal transparency and accountability:
o   Tokenization of agricultural assets with independent high quality legal and business analysis of an agricultural company and its assets
o   Smartlands team expertise in agriculture and Platforms agtech ecosystem will result in state-of-the-art technologies to monitor agricultural assets.
   Risk protection provided by collateral of the assets
   Standardization of token issues and regulation to protect investors interests with rules set by voting and implemented with blockchain technology
Unlike other tokenization protocols, we dont take liquidity for granted, understanding that ability to trade tokens does not automatically mean it will be easy to sell, once investor decides to quit the investment. Inability to sell quickly and efficiently, totally undermines the idea of achieving liquidity through tokenization. We see standardization of legal framework, rules and extensive monitoring as key tools to achieve liquidity (as well as transparency and accountability) of ABTs issued on the Platform. Moreover, they will be immediately tradable on the Stellar Distributed Exchange (SDEX)

Okay fair enough, that's great that there will be such a focus on transparency. Specifically, what auditing firms, etc will you be using for this transparency? Why will people put so much trust in what Smartlands says about an ICO? I'm just asking because I don't think most people have ever heard of Smartlands before.

Legal framework will be developed with professional law firms, while agricultural audits and other assessments will be done as much automatically (and thus objectively) as it can be (with drones - both UAV and UGV). Thus actually investors will not have to believe Smartlands as they will have facts, not opinions.