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Sunday, March 10, 2024 3:32:56 AM
RISO are the security tokens now reflecting ownership of the vertical company. Same function as ordinary shares." I thought this was one possibility. But I also thought it might refer to something like PADDY with the difference that the 10 LB of rice served the same type of function as a certain area of rice paddy.
You mention that the rice is purchased in India. Where is it expected to be sold? Is the business concept that it is purchased at a significant lower price in India than what it fetches in other countries, and that a profit is thereby generated? If that is the case I find it hard to understand why this is possible.
Moreover, I don't undserstand at all is how it is possible to decide the value of the RISO tokens if they are not freely traded and the trading has a certain minimum volume, so that the price the tokens are traded at is not arbitrary or flutcutates a lot because the volume of trading is very low.
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