Source
r/Stellarbets•
ChristianSingleton

In an aricle I read just now - it mentions "qualified SLT holders receive 33% of this fee pool" - does anyone know what qualifies SLT holder to receive said payouts?

Discussion

Smartlands’ near-term goal is to tokenize $1 billion in real assets. When this goal is reached, qualified SLT holders will have received a total of roughly $16.5 million, considering Smartlands applies a 5% commission to the total portfolio of assets on its platform, and qualified SLT holders receive 33% of this fee pool.

https://news.bitcoin.com/smartlands-platform-launch-tokenizing-the-real-economy-in-europe-with-a-first-mover-advantage/

Does anyone have any info on what "qualified SLT holders" means?

Posted Apr 20, 2021, 2:34 AM UTC

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GrayneWetsky66•

You need to hold SLT worth 1000€ to stake. So if for example SLT is worth 100€ each, you need 10 SLT to stake. If SLT reaches 1000€ each, you'll only need 1 SLT to stake.

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ChristianSingletonOP•

Thanks for the information (:

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GrayneWetsky66•

You're welcome! :)

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citystatesONLY IN IT FOR YOGURT:doge:•

I'm guessing here but to be in compliance they will most probably need to process KYC/AML information. Those that pass it are eligible.

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DeaderthanZed•

No, team has stated you will need to pass kyc to invest in any asset backed tokens they issue but not to stake (as they see it at this time.)

“Qualifying” just refers to the 1,000 euro minimum.

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citystatesONLY IN IT FOR YOGURT:doge:•

Oh that's interesting. As said, I was just guessing into the blue.

Good to know!

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DeaderthanZed•

For sure, could change but I hope not.

I think the recent AMAs (from this sub and altstreetbets) are the best current source of information for details like that: https://www.reddit.com/r/SmartlandsPlatform/comments/mpkjyr/transcript_of_ama_with_the_ceo_and_chairman_of/

https://www.reddit.com/r/SmartlandsPlatform/comments/mks114/ama_with_ilia_obrazcov_ceo_of_smartlands_slt/

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ChristianSingletonOP•

The AMA was the first thing I checked - but I totally missed these questions

Q6. Will there be KYC requirements for staking SLT and are there going to be restrictions on who can stake as a result? (i.e New York where there are heavy financial regulations)?

I can't yet give a certain answer about NY, but our ultimate goal is to allow staking for every investor.

Investors will need to hold the staked tokens in the regulated environment (Smartlands wallet), and we plan to require KYC only for investments (however that might change as our legal team goes through all the questions).

Q11. What are some major roadblocks that could potentially hurt progress on the project? I always see people singing praises of SLT, but I get skeptical when there are only pros and no cons to discuss.

i.e. with the 1000€ requirement to stake, is there something that could impact a change to this plan for holders?

We don't foresee any significant roadblocks, but until the project is a successful and profitable global enterprise, all the startup risks are applied (however, to a major extent these risks are mitigated as we already are an experienced team and understand all the needs of the market).

Regarding the staking, we don't foresee any problems in implementing this rule, and holders will always be allowed to change the desired amount through on-chain voting.

Ya they definitely answered those questions

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