Definder
Published in

Definder

Community AMA

Rajner: When new exchange? I appreciate professional work and legal environment, but in my opinion we need good exchange to exposure in cryptosphere, especially when platform is ready to perform. Good luck team, yours ambitions are very high, still believe it is possible to implement innovative ideas to old economic system

Martin Birch: Yes absolutely and we at Smartlands agree with you. We are in negotiations right now with several exchanges which have active users far in excess of the current exchanges. Expect to see some action in this regard during Q1 of 2022

Mig: Exchanges are an integral part to bringing awareness and liquidity to digital assets, will slt be listed on popular crypto exchanges in 2022?

Martin Birch: Yes, that is the plan.

JoeO: Can you give us any updates on exchange listings? I understand the most important thing is having the platform up and running, but we’ve been patiently waiting for quite some time. Thank you!

Martin Birch: Negotiations are underway right now, keep an eye on Q1

Verdaxia: The company aims to tokenize $1tn worth of assets. In which timeframe do you envision this happening? I know there are a lot of variables but if you had to choose between 3, 5, 10, 20 or 30 years, what would you choose?

Martin Birch: 3 years

Juchul shin: Would the name of slt be changed to something else? Should I do a swap if it changes?

Martin Birch: We have no plans to change any aspects of the SLT token, including the name or ticker code. SLT will always be the currency of the Definder / Smartlands ecosystem.

Ze: Are there any plans for marketing to reach a larger audience with regard to how good the website and staking looks; I’m sure with some coverage it would make headlines.

Martin Birch: Yes we have a huge amount of marketing activities planned for 2022 both to support the SLT token and to support the wider business model.

Andi: How much revenue will be instantly realized as soon as all the laws (Ukraine) and applications (Liechtenstein, Ukraine Brokerage, etc) are through? Or when are you able to generate revenue? What has to be passed for getting the first real platform revenues? Thx 🙂

Martin Birch: We have a pipeline of platform business running into the 10s of millions of dollars which will go live during Q1. Liechtenstein is ready to go except for one minor issue which are lawyers are working on now and which expect to be resolved in a matter of days.

Mike Ox: When will SLT marketing will begin and what it would look like (influencers, articles, interviews, etc)?

Nataliia Britten: I would like to mention that our primary focus is our product — Smartlands by Definder. All major events are planned to advertise the investment platform to potential individual investors. As for SLT marketing, first of all, we will be using the promo options offered by the exchanges to reach and engage their audience. Other activities we are planning are of the educational character — we already initiated a supportive PR program and plan more activities including AMAs in Reddit, interviews, and overviews that would help us spread the information about SLT and the project in general among crypto enthusiasts worldwide. Stay tuned, to our minds educational approach doesn’t have to be boring.

Mystery Meat: Where are we at with the Lichtenstein license? Do we expect it to come through by EOY?

Martin Birch: The Liechtenstein structure is complete we are simply awaiting KYC and compliance clearance from our Liechtenstein bank to hit the go button.

Ryan: Is there an update on Agroxy or any JVs that might be happening now that staking is implemented?

Martin Birch: We will be publishing a detailed description of the status of all current JVs during January 2022 and how we envisage these adding value to the business in the form of revenue generation.

Stellar FUD Eliminator: Can you give us an update on relationship with agroxy?

Martin Birch: Yes, but you will have to wait until January (see the answer to the question above).

Coach: Are there any updates/timelines you can share with us on Big-U?

Martin Birch: It is current and live and full details will be published in our JV and partner review which will be issued during January.

Mbjsmith82: You’ve made partnerships in Asia implying that you’re anticipating on expanding your platform to that region. What regulations are you waiting on to operate in Asia, and what year/quarter do you anticipate the start of business in Asia? In the most simple terms, what is a realistic start date for business in Asia?

Martin Birch: In the first instance we will be working through licensed partners in Asia as things stand now we expect to see revenue generation from our Asia / Pacific interests in Q1.

Sam: What’s the hold up with Liechtenstein, why is it taking so long?

Martin Birch: We are breaking new ground with our Liechtenstein operation. We are the first to operate a tokenisation platform in that jurisdiction and so we have needed to obtain a great deal of legal support to ensure that we are in full accordance with all laws. The legal side is now complete and authorised, we are simply awaiting KYC and compliance clearance from our bank.

Conrad Walker: How does your team think about the overall crypto market cycle? I.e. Are you mindful of the broader trends and how you fit in, or is it more about getting done what needs done and when?

Martin Birch: SLT is a token with a real business case and a clear structure that channels 33% of revenue back to qualifying token holders, we believe that this fact alone will separate SLT from the rest of the crypto world and will largely make the token price follow its own agenda based upon real value and wealth creation not overall market trends.

A Bullshark With A Perm: What are we going to do about Putin?

Martin Birch: Nothing, business as usual from where we stand.

Mcczarny: How potential war with Russia will affect Smartlands?

Martin Birch: You may want to re-arrange that question to ask how would it affect everyone in Europe. There has been military activity on Ukraine’s Eastern borders with Russia since 2014. Currently, there is a ceasefire in place and world leaders are meeting and discussing how to reduce tensions and return to a peaceful status quo. We just have to get on with our business and let the politicians do their stuff.

Andyjamhar: Hey guys, it has been so exciting to see the development of the Smartlands Network over the past few months. Thank you for your dedication and your transparency with the community over this time. It is very much appreciated.

My question to you is regarding regulation.

It is clear that in order for Definder and the Smartlands Network to operate in any given country or region, that it requires the correct regulatory framework. Regulation, then, is key in order for Definder and the Smartlands Network to expand beyond Ukraine & Liechtenstein.

From your perspective as a team, how quickly do you see these regulations being adopted by other nations across the globe? Do you have an expected timeframe within which you would hope to see the EU, for example, setup the regulatory framework that would allow you to operate across its member states?

Martin Birch: Liechtenstein is part of the European Economic Area and as such for business purposes is treated as if it is an EU member with full access to all markets. Our Liechtenstein operation gives us full EU access. Further Liechtenstein gives us a fully functioning digital asset framework under which to operate and offer our platform activities globally as far as attracting investors and clients.

Bloody b: Dear Team, since German is one of the languages to choose from, for translating your new website, I was wondering if one of your near term goals is to start tokenizing assets in Germany? I just learned that there already exist a couple of companies that tokenize real estate buildings, art, Cars and fine wine. Which means that regulation in Germany might be in line with tokenizing assets.

Martin Birch: Germany is of interest to us, yes, we have a number of initiatives underway but it is too early to explain right now. Existing operations in Germany do not really offer a functioning secondary trading market, Smartlands does.

Ali: The official launch of the Smartlands platform (smartlands.app) was back on April 30th of this year. The product was launched in beta stage at the time, and as of 17/12/2021 (8 months after platform release), the platform still maintains a “Smartlands beta” logo on the top left. My question is the following: What are the next steps needed from Smartlands/Definder for this platform to be considered out of ‘beta’ stage and fully production ready and how long do you think this process is likely to take in your estimation?

Martin Birch: All steps are largely complete, just a few outstanding items like the official issuance of a brokerage licence in Ukraine and the KYC for our Liechtenstein bank so the simple answer to our question is Q1.

BigEh: Which asset class, aside from real estate, are you most excited about bringing onto the platform

Martin Birch: We have farmland, NFTs, art and SMEs in our plans already. The SME side is probably the most attractive when considering our work with BIG-U.

L G: My question is about the status of the legal requirements the team has been waiting on, specifically the Lichtenstein license — or the brokerage license. Any updates on them would be very welcomed.

Martin Birch: All of the above will be resolved imminently, we expect to have it all confirmed during January and certainly within Q1

SD: Thank you for doing this!!! 😁

In your latest press release, you mention an “overwhelming pipeline of sound and profitable real estate projects”. Approximately how many assets (or tokenized $value) are signed up with DD and just waiting on the platform launch? Will those projects be up for tokenization immediately or is there some sort of staggered release to ensure a constant stream of revenues? Basically, can you give us any more information on what we can expect out of this overwhelming pipeline of sound and profitable’ real estate projects?

Martin Birch: Total value of the pipeline to be tokenised is in excess of $50mn right now, we are ready to go live with all of them from day one. What you can expect from this pipeline is some substantial additions to the fee pool.

Cruncher: Hi team, what a journey — congratulations to you all so much and thank you for your continued dedication to the community.

A question on projected gross revenue: Are you able to give insight as to the goals/targets you would like to hit in the coming months? Of course, we need to remember to understand that goals/targets aren’t guarantees, but projections.

If you are able to perhaps give month by month projection of gross revenue for the first six months and then extend the timeframes from there, perhaps up to 5 years, that would be truly excellent.

Again, we won’t quote you when/if the projections don’t turn out. This is no foretold prophecy 😂

And as an aside, it makes sense to me that Smartlands Network and SLT is renamed to something better reflecting Definder and its branding. Is this potentially to happen at some point in the future? Although not necessary for the tokenomics to work, it makes it cleaner for my brain, as I understand SLT to be the backbone of all of Definder.

Martin Birch: We are not in a position to give month-by-month predictions right now but as soon as we go live all projects in our pipeline will be available on the platform and will start adding to the fee pool straight away.

SLT will always be the currency of the Definder ecosystem wherever we operate.

@nickytreez: Hi guys, new here. I just read over your tokenomics and have a question. What are the advantages of charging fees to list instead of charging fees when transactions take place?

So for instance, when projects launch on SLT, they pay listing fees upfront. I’m curious why the team decided to charge fees to list instead of charging fees to the seller when they actually sold their STO’s. Basically, it makes the seller eat the costs upfront with no guarantee of them selling anything. On the other hand, if sellers were only taxed upon sale transactions, then they’d be more likely to list with SLT, no? So it begs the question, what advantage is there to collect fees upfront instead of after a transaction? Just trying to understand better is all. And thank you, happy to be here!

Martin Birch: Yes we charge a listing fee as a fixed percentage of the money raised. On the secondary market, we will charge sellers a 1% commission to sell their assets, the buyers on the secondary market will pay no fees.

--

--

--

Smartlands by Definder is the next-generation blockchain-based investment and DeFi ecosystem

Recommended from Medium

The DeFi market: 6 months of massive growth

Is Cryptocurrency Legal in China?

Complete guide to crypto loans

What a ride! $StimmyProtocol

The Man Behind the Curtain

PlaceWar (PLACE) Token Listed on  GokuMarket for USDT Trading! 🚀

Monthly Recap — February, 2022: Website Revamp, Discord Referral Campaign, Dominating Twitter…

3 Ways Staking Will Upend the Economics of Ethereum.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Definder Platform

Definder Platform

Definder Platform: DeFi as a comprehensive fundraising tool for the real economy. Enhanced liquidity for startups and established businesses. https://definder.g

More from Medium

$KEYFI Listing on MEXC

Multi-phase Token Burn — 20% of Total Supply

Monthly Update — March 2022

Flamingo partners with somniumwave to provide utility to new SENTIENT NFT series