Singapore, Aug. 07, 2024 (GLOBE NEWSWIRE) — 
What is Stead and what does it solve?
Stead is a Southeast Asia-based RWA project. It serves as a decentralized financing platform for floating infrastructure, including fishing and transport boats, fish cages, and floating homes. Stead enables decentralized crowdfunding of floating assets that serve as collateral for the token, providing real-world returns and mitigating risk for token holders, while using the profits from these floating assets to buy back and burn the tokens in circulation, leading to a net deflationary token model, all backed by real-world yielding assets.
Stead will enable crowdsourcing of sometimes hard-to-acquire assets on the blockchain, benefiting small businesses in the Philippines, the United States, and other countries. Stead tokens function as a semi-stablecoin that generates increasing annual returns through the collateralization of real-world assets.
Stead’s key features include:
– Innovative floating communities: The Stead platform supports the development of cutting-edge technology in the construction of floating communities, allowing human habitation to extend into the water.
– Deflationary nature: Companies and families raising funds to build their floating assets using Stead must burn more tokens than issued until they become the owner of their asset. This gradual reduction in Stead’s supply is correlated with an annual increase in price, making Stead a safe place even in a bear market.
– Blockchain-powered DeFi trading: Stead tokens, being blockchain-based, can be traded with others on decentralized finance (DeFi) platforms like Uniswap, adding liquidity and investment flexibility.
– NFT-backed property: Each floating property produced is assigned a unique NFT (non-fungible token) to track ownership securely on the blockchain, ensuring transparency and traceability in a global boat and dock marketplace.
Token Presentation
– Token name: Stead
– Token symbol: STEAD
– Total supply: 5,000,000
The allocation of tokens is as follows:
– Developer: 500,000
– Founders: 1,000,000
– Marketing: 1,000,000
– Future development: 500,000
– Agricultural supplies: 200,000
– Private Sale Token: 1,000,000
– Coinstore public sale: 800,000
What are Stead’s strengths?
– Versatility of use: While the first seasteads serve as novelties and floating complexes, they offer potential for various applications. Future seasteads can be used for residential purposes, transforming into unique ocean dwellings, or even commercial spaces, such as floating restaurants and grocery stores.
– Mobility advantage: Unlike traditional land-based real estate, seasteads are mobile, allowing them to be strategically relocated based on business and real estate cost factors. Alternatively, they can capitalize on rising property values by remaining in one location, such as near a coastal city.
– Increase real estate area on water: Seasteading consists of creating permanent human habitation in water, thus effectively increasing the real estate area available on the surface of the planet.
Conclusion
In conclusion, the concept of seasteading, which aims to establish independent floating communities where crypto-friendly businesses can thrive, has long been a vision on the horizon. With the first floating homes already a reality in places like Boracay, Philippines, and other projects underway, the dream of a full-fledged floating blockchain city like Stead’s remains a tantalizing possibility. While challenges and uncertainties lie ahead, technological advancements and the spirit of innovation suggest that such futuristic visions may not be as far-fetched as they once seemed. Time will tell whether these ambitions can weather the currents of reality and come to fruition.
Stead Official Media
Website
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