Wednesday, May 01, 2024 7:53:08 AM
You are right, There is only one STO (Security Token Offering) on Rice - RISO, and it's base value for trading launch has been set for $27 per token.
Snow, We all have RISO allocated for us and very recently one banking group from the European Union agreed to circulate, distribute, and underwrite upto 20% of each of the vertical's tokens under Reserve Now Pay Later method allowing the subscriber to pay 10% upfront and then balance monthly over the remaining 9 months. Any default out of this will be bought by the banking group not exceeding an additional 4% of the post allocated units in aggregate.
Riso issued under Reg S could be offered for sale provided they are offered outside of the United States by a non-US person to another non-US Person.
The main purpose of bringing the Market (Trading) Platform active is to enable these placements between non-US Persons immediately and then progress into having offers exchanged between US Persons (6-12 months) by acquiring US Broker Dealer License. With our presence and focus spread even outside of the United States, this deeply helps us turn liquid and remain liquid.
We also have AROZ for Advance Rice Purchase and PADDY for Fractional Rice Farming Ownership. While AROZ is a performance (Utility) Token, Paddy again would be STO (Secured Token Offering) subject to adherence to the Regulatory.
Laxmi Prasad
Laxmi Prasad
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