Apr 19, 2018
STAY Villa and Hotel (“STAY”) is a property portfolio owned by Far East Power Limited (“FEP”). FEP is a real estate development company with core business in the development and management of mixed-use communities and commercial lifestyle 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 through this initial coin offering (“ICO”). We are proposing a new innovative way of implementing blockchain and smart home technologies in its property portfolio and increasing of such portfolio through initial coin offering of our STAY tokens. Our tokens are standardized Ethereum based ERC20 tokens. Therefore they utilize Ethereum-security and can be easily integrated and connected with other Ethereum based technologies. The funds received through this ICO will be primarily used to develop blockchain integration, smart home technologies and the acquisition of hotel and luxury pool villa properties and related land in Bali, Indonesia and also the development of these properties and technologies to provide a differentiated and unique travel experience for our customers and potential STAY token holders. This ICO is designed to benefit contributors in a number of ways. Firstly, our potential STAY token holders are entitled to free 1-night accommodation in our selected hotel properties and they are able to upgrade to higher room categories and villas with a nominal fee. The number of free night stays for each token will increase by one night annually until each token is qualified for a free consecutive 7-night stay. In light of this increasing demand in accommodation. SVHL also considers a possibility to buy STAY tokens at exchanges (if and once these tokens may be available at exchanges) and burns such tokens over time that may potentially lead to increase in token value. SVHL is also leveraging the blockchain technology in its hotel operations to solve some of the key pain points in hotel industry. Blockchain is designed to cut out the middlemen and reduce the high cost of verification in a traditional centralized system. Through integrating its hotel operations with blockchain, SVHL can manage complex transactions in a simple way, verify customer information and protect data in a cost efficient way, and grant physical and digital access controls in our properties enabled by smart home technologies.
May 2018 - June 2018
September 2018 - forwards
Attention. There is a risk that unverified members are not actually members of the team
$1 000 000
This offer is based on information provided solely by the offeror and other publicly available information. The token sale or exchange event is entirely unrelated to ICOholder and ICOholder has no involvement in it (including any technical support or promotion). Token sales listed from persons that ICOholder has no relationship with are shown only to help customers keep track of the activity taking place within the overall token sector. This information is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice or carry out your own due diligence before taking, or refraining from, any action on the basis of the content on our site. Any terms and conditions entered into by contributors in respect of the acquisition of Tokens are between them and the issuer of the Token and ICOholder is not the seller of such Tokens. ICOholder has no legal responsibility for any representations made by third parties in respect of any Token sale and any claim for breach of contract must also be made directly against the Token issuing entity listed herein.
If you have any concerns about the nature, propriety or legality of this token sale or the persons involved in it please contact [email protected] with detailed information about your concerns.