Floating Assets

How can I know their is a real asset? Is it legitimate?

Once you click on one of the listing in the Marketplace, you will be greeted by the information on the asset you selected. You can see images of the asset to be purchased, concept art of the asset to be constructed, and legal documents signed by the Operator tying them to the asset and their Stead obligations. Any relevant information on the floating infrastructure in question can be found on this page, and page can still be seen after fundraising is over.

Operators are the experienced end users of the floating asset. To give a few examples, an aquaculture company could be the Operator of a fish cage seeking funding, a fisherman could be the Operator of a fishing boat, or a beach resort could be the Operator of a floating house that will be used on AirBnB. The Operators use the funds raised to purchase or construct the floating asset, then operate it and purchase and burn the issued tickets so as to make the token net deflationary. This buying back and burning process is part of what drives the cost of Stead upwards steadily over time. After their set operating period is over, they are given the floating asset as their exclusive property, this process is somewhat similar to a lease to own agreement. Not all assets may be operated on a lease-to-own basis, some may continue burning tokens indefinitely.

After selecting the property you would like to help fund, you can choose to purchase Stead in exchange for a Stablecoin. This will mint new Stead into existence. The crypto you pay with will be dedicated exclusively to funding that selected asset, and you may then hold onto your Stead or sell it, as there is no lock after minting new tokens.