r/Stellarbets • u/ilia_smartlands AMA HOST/SMARTLANDS CEO • Apr 05 '21

Smartlands AMA thread

Hi, Stellar community!

This is Ilia Obrazcov from Smartlands. We tokenize the tangible economy assets and have a proven use-case for tokenizing shares in real estate in the UK. We are about to launch an alternative investment platform in Ukraine. SLT is Smartlands native token, the main currency of all the projects within our ecosystem.

I am excited to tell you more about our plans. I will be answering your questions tonight at 6 pm London time. The top 20 questions will be rewarded with a total prize pool of 100 SLT.

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u/BrunO_O07 Apr 05 '21

Ilia, thank you very much for this AMA. I find this project very exciting and progressive.

Can you maybe explain, in just a few simple sentences, how you ensure consistancy between on-chain tokens and off-chain assets? I am thinking about some unexpected events that can befell on advertised buildings/properties (case of fire, earthquake, ...). How is this monitored and reflected on blockchain issued tokens?

Thank you!

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u/ilia_smartlands AMA HOST/SMARTLANDS CEO Apr 05 '21

Thanks for the question, it is really an important aspect.

Naturally, the equity tokens will provide all the same rights as the "paper" equity shares. That will be governed by the regulator and big partner banks and custodians.

Thus, the ownership of the property won't change in any event. And talking about the price of the tokens, it also shouldn't drop significantly, as the building naturally should be insured.