All about the stay ico (stay)
STAY is a real estate development service based on blockchain. The platform offers a variety of solutions for any real estate projects. The service uses blockchain technology, which provides a clean and transparent booking system without intermediaries. In addition, all STAY estates are equipped with smart technologies, such as smart assistants and smart door locks. On the platform there is an experienced team with 10-year practice in the
development. Token is based on ERC-20 Ethereum technology and smart contracts. It is used as a payment for internal transactions and as a reward for participants.
development. Token is based on ERC-20 Ethereum technology and smart contracts. It is used as a payment for internal transactions and as a reward for participants.
STAY Villa and Hotel ("STAY") http://stay.vip/is also a real estate management platform owned by Far East Power Limited ("FEP"). FEP is a real estate development company with a core business in the development and management of mixed use communities and commercial real estate projects in Asia. STAY Villa and Hotel Limited ("SVHL") is a subsidiary of FEP and will be the legal entity responsible for selling STAY tokens.
SVHL also uses blockchain technology in its hotel operations to address some of the key problems in the hotel industry. Blockchain is designed to eliminate intermediaries and reduce the high cost in a traditional centralized system. By integrating its hotel operations with block communication, SVHL can manage complex transactions in a simple way, check customer information and
protect data in an economical way, and provide physical and digital access controls in our properties provided by intelligent home technologies.
protect data in an economical way, and provide physical and digital access controls in our properties provided by intelligent home technologies.
STAY Villa and Hotel Limited ("SVHL") http://stay.vip/ is a subsidiary of FEP, which will act as the legal entity responsible for selling STAY tokens during this Initial Offer of Coins (ICO).
Advantages of the STAY project
Focus on the development of real estate in Asia. SVHL focuses on the development of real estate projects in Asia, including multi-purpose projects, residential real estate projects and commercial projects, as well as provision of accommodation and related services to tourists. Being the launching project of SVHL, STAY plans to update the portfolio of exclusive villas and hotels through the introduction of smart home technologies in one of the most popular tourist destinations in the world, in Bali.
Attractive value of the token. Initially, STAY tokens will be sold at a discount, with the holders of the tokens entitled to use each token as payment for daily living in STAY real estate objects during the first year. With each year one token can be paid for one day more, until each token will not give the right to free stay for 7 consecutive days.
Improving the operation of hotels through a block of flats. SVHL uses the block system to carry out its activities in order to resolve some of the key problems in the hospitality industry, such as the high cost of verification and numerous brokers when booking. By integrating its work with blocking technologies, SVHL can manage complex booking transactions in an easy way, collect customer information and protect data, and provide physical and digital access controls in its real estate sites, which can be leveraged with smart home technologies.
SVHL plans to sell its tokens (STAY tokens) in order to develop the technologies of block and smart homes in real estate properties of its portfolio, as well as expand its real estate development projects through the initial offering of coins using digital platforms. The purpose of this ICO is the sale of tokens for $ 10 million. The funds received during the ICO are supposed to be used as follows:
Ecosystem of crypto currency. In addition to the ability to pay for crypto-currencies, the cost of numbers, technology of smart contracts and blockage also allow payment of other services offered on the site, subject to compliance with local regulatory requirements. In addition, SVHL plans to establish cooperation with sellers and service providers supporting the use of crypto currency, so that travelers can enjoy the convenience of detachment technologies even while traveling. SVHL strives to become a key factor contributing to the introduction of blocking technologies in popular tourist places.
The concept of tokens. Holders of STAY tokens will have the right to stop in the exclusive villas and hotels included in the SVHL portfolio, including all real estate objects located in Bali and beyond.
Key functions of STAY tokens
- One STAY token will give holders of the tokens the right to a daily living in a room in a villa or hotel (the number of people is limited) for one year with payment only for maintenance and cleaning, as well as a surcharge for accommodation in rooms in villas or in a hotel relating to category, which is above the category of increased comfort. SVHL can burn tokens received as payment for placement.
- The service charge will be determined in accordance with the standard fare for the room in the villa or hotel. For example, during non-seasonal time, the service charge may be 10% of the room cost, while in the high season - from 30% to 50%. The minimum service charge is $ 10 per day.
- Token holders can lease tokens to someone who is not a token holder. This is a key function because it provides tokens holders the flexibility to use tokens for themselves or for booking purposes for others.
- Holders of tokens can book accommodation during off-season and at high season for 6 and 3 months respectively.
- According to the SVHL plan, after three years from the date of purchase of the property, it can be purchased by the holders of the tokens via crypto currency or fiat currency at the auction (starting at its base cost), if the holders of the tokens vote on the platform with tokens for conducting such an auction by the majority of the votes.
- Real estate properties will also be listed on other major websites for online hotel reservations, such as hotels andbooking.com, in order to generate greater returns for the STAY portfolio.
- The validity of the tokens does not have any limitations, while in the portfolio there are owned real estate objects.
ICO STAY
STAY tokens will function on the Ethereum network, so they can be stored in any ERC20-compliant wallet, providing tokens holders complete control over their assets.
The total offer of tokens (30,000,000) will be divided for sale in two parts. The first part of the volume of 600,000 tokens (2% of the total offer of tokens) will be available during the pre-sale. The second part, with 29,400,000 tokens (98% of the total number of tokens) will be available during the public sale. Any unsold tokens will be burned. To verify that the unsold STAY tokens are not in circulation, an audit will be conducted.
- The address of the smart contract: on approval
- Title: STAY token
- Hard limit: 30,000,000 STAY
- General suggestion: depends on the initial sale of the tokens
- Soft restriction: 2 000 000 STAY
- STAY token properties: 10 decimal places
- Standard: ERC20
- Ticker: STAY
- Base price: 400 STAY: 1 ETH
- The minimum purchase amount during a private pre-sale: 1.0 ETH
- The minimum purchase amount at the time of the main sale: 0.1 ETH
- Maximum unverifiable limit: 10 ETH
- Form of payment: Ethereum
ICO Terms and Conditions
SVHL adheres to its own policy of "Know Your Customer" ("KYC"), under which it reserves the right to request personal information about its customers and tokens holders for participation in ICO and reservation of rooms in STAY real estate objects. In addition, SVHL intends to use escrow to withhold funds received during the ICO. The transfer of SVHL escrow funds will occur only after the successful completion of the ICO and subject to the implementation of the development plan.
The STAY command
Francics Chan
Founder & CEO
Francis has more than 10 years of business experience in Indonesia. He also has extensive experience selling construction materials to real estate developers in Indonesia and therefore has considerable knowledge in the housing and real estate market in Indonesia. He is also the sole agent of the Korean chemical producer, whose target customers are developers in Indonesia.
Francis has more than 10 years of business experience in Indonesia. He also has extensive experience selling construction materials to real estate developers in Indonesia and therefore has considerable knowledge in the housing and real estate market in Indonesia. He is also the sole agent of the Korean chemical producer, whose target customers are developers in Indonesia.
Sandy dewanto
Founder & COO
Sandy is the founder and chief operating officer and is responsible for overseeing all aspects of property development in the field. He has a wide network of contractors for real estate development, which she carefully chooses for various FEP projects. For many years he worked with 80-100 small and medium builders and contractors in Indonesia on various projects.
Sandy is the founder and chief operating officer and is responsible for overseeing all aspects of property development in the field. He has a wide network of contractors for real estate development, which she carefully chooses for various FEP projects. For many years he worked with 80-100 small and medium builders and contractors in Indonesia on various projects.
Brian Tham
Founder & CMO
Bryan is a marketing consultant for FEP. He is also the founder of the Xprex money transfer and the CEO of Anugrah Toko. He has extensive experience in planning and implementing marketing activities in his career. He also received a bachelor's degree in computer science.
Bryan is a marketing consultant for FEP. He is also the founder of the Xprex money transfer and the CEO of Anugrah Toko. He has extensive experience in planning and implementing marketing activities in his career. He also received a bachelor's degree in computer science.
Rayner Tulus
Architect
Rayner is the architect of FEP and is responsible for the architectural design and interior design of all FEP projects. He currently teaches bachelor of engineering (architecture) at the Catholic University of Parakhyangan, and his main research areas are the concept of housing and forms in architecture and design.
Rayner is the architect of FEP and is responsible for the architectural design and interior design of all FEP projects. He currently teaches bachelor of engineering (architecture) at the Catholic University of Parakhyangan, and his main research areas are the concept of housing and forms in architecture and design.
Rusmini
Customer Support And Admin
The role of Rusmini is to process customer requests and provide appropriate support to our customers from booking to accommodation in our facilities. She had extensive experience in providing customer support in her previous work experience.
The role of Rusmini is to process customer requests and provide appropriate support to our customers from booking to accommodation in our facilities. She had extensive experience in providing customer support in her previous work experience.
Wilson Cheng
Accounting Manaager
Wilson is responsible for the day-to-day accounting and financial operations of the FEP. He is a qualified accountant and has extensive experience in managing the accounting work of many enterprises.
Wilson is responsible for the day-to-day accounting and financial operations of the FEP. He is a qualified accountant and has extensive experience in managing the accounting work of many enterprises.
Junita Geraldine Setiawan
Hotel Operations Manager
Junita is responsible for the daily management and operation of all STAY facilities in Bali. She has relevant experience in the hotel business and has been working with the Hilton Bandung for more than 6 years. She graduated from Universitet Taylor University.
Junita is responsible for the daily management and operation of all STAY facilities in Bali. She has relevant experience in the hotel business and has been working with the Hilton Bandung for more than 6 years. She graduated from Universitet Taylor University.
Advisers
Ray Yuen
IT Advisor
Ray is responsible for providing IT recommendations for daily IT operations and FEP services and all STAY features. Since STAY's strategy is to integrate its hotel operations with blockchain technologies to improve its efficiency, this is a key role for the team. Ray is a technical consultant for the supply of HP, and he previously worked for Canon as his technical solution consultant. It has various certifications, such as eCopy ShareScan certification, Microsoft® Certified Solutions Expert, uniFLOW Advance Diagnostic Specialist and certified UniFLOW technician, etc.
Ray is responsible for providing IT recommendations for daily IT operations and FEP services and all STAY features. Since STAY's strategy is to integrate its hotel operations with blockchain technologies to improve its efficiency, this is a key role for the team. Ray is a technical consultant for the supply of HP, and he previously worked for Canon as his technical solution consultant. It has various certifications, such as eCopy ShareScan certification, Microsoft® Certified Solutions Expert, uniFLOW Advance Diagnostic Specialist and certified UniFLOW technician, etc.
Joseph Wang
Financial Advisor
Chief scientist from the research laboratories of Bitquant Research, a laboratory of financial technology in Hong Kong. He holds a doctorate in computational astrophysics from UT Austin and bachelors of physics from MIT. Before he left to focus on promoting entrepreneurship and new technologies, he worked in the JPMorgan quantitative research department in Hong Kong and New York.
Chief scientist from the research laboratories of Bitquant Research, a laboratory of financial technology in Hong Kong. He holds a doctorate in computational astrophysics from UT Austin and bachelors of physics from MIT. Before he left to focus on promoting entrepreneurship and new technologies, he worked in the JPMorgan quantitative research department in Hong Kong and New York.
Denny Budiarto
Real Estate And Investments Advisor
14 years experience of hospitality and living in Bali, as well as in a number of countries and cities in Asia. His mission is
to provide the highest level of professional services to his client to achieve their financial goals. Determined to provide a non-exclusive service from the point of view of its customers' knowledge until the completion of the real estate transaction. Reach the client's goal and objectives by acting as an effective problem solver, which includes finding the right location, negotiating lease contracts, managing transactions, analyzing needs and marketing commercial / residential premises.
14 years experience of hospitality and living in Bali, as well as in a number of countries and cities in Asia. His mission is
to provide the highest level of professional services to his client to achieve their financial goals. Determined to provide a non-exclusive service from the point of view of its customers' knowledge until the completion of the real estate transaction. Reach the client's goal and objectives by acting as an effective problem solver, which includes finding the right location, negotiating lease contracts, managing transactions, analyzing needs and marketing commercial / residential premises.
Website: http://stay.vip/
Whitepaper: http://stay.vip/assets/download/engli ...
Twitter: https://twitter.com/@stay_villahotel
Facebook: https: //www.facebook. com / STAY-VILA-an ...
Telegram: https://t.me/stayvillahotel
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Whitepaper: http://stay.vip/assets/download/engli ...
Twitter: https://twitter.com/@stay_villahotel
Facebook: https: //www.facebook. com / STAY-VILA-an ...
Telegram: https://t.me/stayvillahotel
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