June 11th we’ve launched STIP Sandbox — a virtual testing environment where users are able to issue their security tokens and launch the very own security token offering (STO) on the Waves Testnet blockchain. Along with that, users are able to invest in test campaigns. In the last weeks, we’ve received many questions from people interested in the platform and now we want to answer the most frequent of them.
Can a single user win as an investor and as an issuer?
Yes, it is possible but a single user can’t win in two separate investors’ categories.
When winners are going to be announced?
Our contest will last until August 6th, 2019. All winners in all categories will be August 14th, 2019.
How Tokenomica will pick the winner if multiple STO campaigns will reach the maximum Hard Cap of 10 000 Waves testnet tokens?
In this case, the winner will be chosen based on the number of investors that participated in an STO.
How many users participated in the contest so far?
As of today, 554 users registered on STIP Sandbox and 41 of them have launched their test STO campaigns.
Can a single user launch multiple campaigns?
No, a single user can launch only one campaign.
Is there a limit to the number of campaigns that can be launched on STIP Sandbox and then later on the full version of STIP?
No, there is no limit. The number of campaigns launched on STIP Sandbox or the full version of STIP is not limited.
What is going to happen after a campaign reaches HardCap?
After a certain campaign reaches its SoftCap, Tokenomica automatically notifies investors and issuers about this. Investors can claim their test security tokens but it is not necessary since they have no real value.
General Questions Regarding the Launch of STIP
What are the differences between STIP Sandbox and the final version?
Using STIP Sandbox you can create your security token and launch STO campaign on Waves Testnet. On STIP Sandbox, you won’t be able to contact our legal partners and won’t be able to manage Post-STO activities of your campaign. These features will be available in August with the full version of STIP.
What should I do to start the preparation process for the real STO on Mainnet?
Please contact us at [email protected], we will guide through the whole process.
How much does the issuance on STIP costs?
STIP Sandbox is fully free of charge. You can try to launch your test STO campaign without risking your funds. On the full version, asset issuance itself will be free of charge as well but our partners will charge you for assistance with legal entity's incorporation and preparation of the documents.
How long does it take to prepare an STO?
That depends on your company and the instrument that you would like to issue. The process of filling the documents can be done in less than an hour if the company is already registered and you are sure about the instrument you want to use. The legal work itself usually takes up to 3 months to get done.
Which Post-STO management tools will be available on STIP?
Our platform will allow you to create the code for the execution of your plans and will also automatically create the necessary legal documents that will legitimize the established restrictions, as well as the execution of token holders decisions.
Conduct stakeholders voting, manage dividend payments, prepare corporate documentation, publish P&L statements, annual reports, news and updates directly from your account to your companies dedicated webpage on the platform.
Will there be secondary trading of security tokens issued on STIP?
Of course, for this purpose, we are building Security Tokens Trading Platform (STTP) — decentralized, regulated trading facility for security tokens issued on STIP. The product will be launched in Q4, 2019.
Don’t miss a chance to test STIP Sandbox and win WAVES tokens. If you have any suggestions on how we can improve the final product or need any help launching your STO, feel free to contact us in our Telegram chat. Best of luck!