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Stead - Blockchain Powered Floating Cities of the Future

GlobeNewswire LogoGlobeNewswire10h ago

Stead - Blockchain Powered Floating Cities of the Future - GlobeNewswire

Quick Summary:

This gradual reduction in Stead supply correlates to an increase in price annually, making Stead a safe place even in a bear market.- Blockchain powered defi trading:Stead tokens, being blockchain-based, can be traded with others over decentralized finance (DeFi) platforms like Uniswap, adding liquidity and investment flexibility.- NFT backed ownership :Each floating property produced is assigned a unique NFT (Non-Fungible Token) to track ownership securely on the blockchain, ensuring transparency and traceability in a global boat and seastead market.

The key features of Stead include: - Innovative floating communities: The Stead platform supports the development of cutting edge seasteading technology, allowing human habitation to expand into the water.- Deflationary nature:Businesses and Families raising funds to build their floating assets using Stead, must burn more tokens than were issued until they have earned ownership of their asset.

Stead allows the decentralized crowdfunding of floating assets which serve to collateralize the token, providing real world returns and mitigating risk to token holders, while using the profits of those floating assets to buy back and burn outstanding tokens, leading to a net deflationary token model, all backed by profitable real world assets.

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Article Details

Author / Journalist: Stead

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-07 @ 18:00:00 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 530 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 36 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © GlobeNewswire

News ID: 21972228

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About GlobeNewswire

Main Topics: Technology

Official Website: globenewswire.com

Update Frequency: 65 posts per day

Year Established: 1998

Headquarters: China

News Last Updated: 8 hours ago

Coverage Areas: China

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #116

Publisher Details

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  • URL: https://beamstart.com/news/stead--blockchain-powered-floating-17230537267661

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