Summary of Dapp

What do we envision for the future of Stead?

Stead will allow sometimes difficult to acquire assets to be fully funded via crowdsourcing on the blockchain, this will benefit both small businesses in the Philippines, US, and other countries, as well as allow funding to be put forward for the development of seasteads and future floating cities.

On the buyer's side, holding Stead tickets is a much safer place to park money, as it is backed by physical, profit-producing assets, and is simultaneously net deflationary, meaning a smaller pool of tokens exist over time representing a growing number of physical assets. Stablecoins can also function as a collateralized token that increases in value over time, but they must be lended out with Third Parties, increasing risk, and the results are usually only meager, often providing 2% or 5% interest only. Stead on the other hand, not only has the capacity to increase in value far higher, but also has a built in mint-price floor. Every month, the minimum allowed minting price of Stead increases by 0.9% starting at $0.70. This means that after 1 month, if the price rises to $2, it will cost 2 USDT to mint a new Stead token, but if the price falls to 50 cents, new Stead tokens can still only be minted for $0.7007. This results in an ever increasing price minimum and will make minting new tokens economically impossible if the price dips too low, which will cause the token to go deflationary.

Another benefit of Stead, is that it is a fully fungible token. Many real estate dapps utilize NFTs, where each NFT represents a portion of a single home. If the renters in a home move out, or it catches fire, or is damaged in an earthquake, the value of that individual NFT will tank to zero. Since Stead tokens are fungible they are backed by all assets Stead has funded collectively, this means that risk is reduced to a minimum. This is a much needed and highly effective method that will allow us to see new things in our lifetime that we have not before seen, while simultaneously allowing token holders to trust that their tokens are backed by valuable real world assets, including boats, seasteads, and homes, in a ratio that reduces risk to a minimum.

The final reason to hold Stead, is because of our longer term vision to create free floating cities in International Waters. The creation of these havens for freedom, will allow the flourishing of blockchain and related technologies, and an overall increase in human innovation and flourishing. These cities will need their own blockchain based solutions to old world financial challenges, and Stead is just the beginning of the future.