Stobox Weekly Report 08/2021
Technical and Product Development
As we focus on corporate customers, our goal is to create flows that would be recognized by traditional businesses. Therefore, one of the system requirements is to generate business documentation for every transaction of security tokens. In other words, every transaction on the blockchain is being parsed and the business document is generated: Purchase Agreement, Invoice, Receipt, etc. So when an investor buys a tokenized security the system generates a paper-based proof in a form of a legal document. This is a unique feature that helps traditional investors and businesses operating on the DS Dashboard as most businesses require paper-based docs for every transaction.
We have finally deployed Stobox Technologies Inc. Tokenized Shares Smart Contract! You can find it here. All functions that are required when dealing with tokenized securities have been developed and validated! With Stobox we walk the talk by testing and validating in our own shoes. Moreover, we have decided to issue the smart contract Unlicensed. Anyone can copy it and use for their purposes. The more devs using our knowledge when dealing with security tokens, the faster is the pace at which the industry is growing. Sharing is caring!
Did you know that classical Crypto Exchange consists of 100+ unique UX pages? Meanwhile, we are testing the back-end functions (the most critical part of the system), our UX designers are working on the usability and the look of the Exchange. We love it! There are some of the UX concepts that we stand on:
- Simplicity. Unlike most of the exchanges, our goal is to develop the flow that is opted for first-time users. In other words, your grannie should be able to buy bitcoin and invest it in the selected gem if she decides so.
- Visual clarity and native design. No blinking, no ugly colors, no hidden content.
- Unique visual style. We aren’t building just another exchange. We are building something people would recognize and use in the long-run. Therefore, a visual style is something they get used to.
For the first time, we are sharing one of the Stobox Crypto Exchange screens. Hope you’ll love it!
Analytics & Business Documentation
We have ongoing communications with numerous organizations: blockchain associations, venture funds, financial consultants, and so on. As you may know, Stobox company unites 2 main activities: Tokenized Securities (Consulting, DS Dashboard, and Swap) and Crypto (Stobox Token, Exchange). To help our partners learn more about the part of the business related to the Tokenized Securities we have finalized the Pitch!
Just to let you know, there are ongoing deliveries for our clients who are preparing their Security Token Offerings. We plan to release 3 STOs in Q2. Stobox STO starts in Q1.
New projects in the pipeline: 3. We have the first Casino seeking to raise funds via the STO!
New signed contracts: 1
Demo with leads: 10
Website leads: 2. The number of website leads is increasing due to the active works on the website itself as well as promotions via different marketing channels.
Marketing and Production
- Announced DS Swap Website Release
- Announced a partnership with the APAC security token exchange CryptoSX
- Published Stobox Interview video with Kyle Sonlin (CEO at Security Token Market) on the YouTube channel
Legal and Finance
Most of the activities in this section are kept private. Just one thing to mention! We have implemented an option plan for all of our team members. Our team members are not just Stobox employees, but valuable professionals who became shareholders of the company. We have transferred the tokenized shares to their private accounts on the DS Dashboard. This registry is public, but anonymized. Anyone can find it here.
Finally, I would like to thank all of our team members, active partners, and community members who contribute to Stobox! Have a great week!
With warm regards,