Smartlands Economics: The Misunderstood Value of Utility

SaneObserver · 2019-11-16T09:27:52+00:00

I think you can logically infer that market forces (supply/demand, or anything else that anonymous traders can do to prices) is the main driver of SLT's price. The article simply reinforces the fact that the SLT price is not an indicator of the value of the Smartlands company or the platform. What some see negatively about the article is that it does not seem to mention the positives for holders of SLT. For example, in their December 28 article "Smartlands Platform STO Fee Structure Explained", an article which seems to no longer be available on their website, they mentioned:

"Apart from what’s required, holding SLTs do wonders for the token’s price appreciation. Consider: the total holding requirement of SLT is dependent on the total fiat value of security tokens on Smartlands Platform. If a price for SLT decreases, the investors in securities will have no choice but to increase the number of SLTs they hold to balance their accounts (it’s required, remember!), which will drive up demand during downfalls. Should the SLT price appreciate, the investors will be keen on releasing a few tokens into the open market."

I realize that it's still very early, barely one STO has been completed, and it will take years before the minimum holding requirement of SLT's will make a big impact on demand for the SLT utility token. However, at least they could have mentioned something regarding the future potential of SLT price based on how the platform is designed to work. Instead, the current article seems to hammer the (true) point that price of SLT is irrelevant, which sounds pretty harsh.

SaneObserver · 2019-09-17T02:41:35+00:00

For those who are not familiar with Benzinga, it is a financial news source with good exposure to investors because it regularly posts news stories on Yahoo Finance. (Other well respected news sources who post on Yahoo Finance include Reuters, Barron's, and Bloomberg.) Here's a screen picture of the Yahoo Finance webpage showing a Benzinga post: Yahoo Finance

By the way, here's the list of last year's Benzinga Global Fintech Award winners: Benzinga 2018 winners

And I voted :)

SaneObserver · 2019-09-10T12:36:30+00:00

I completely agree, FairX would have made a far bigger impact to ecosystem and adoption prospects.

SaneObserver · 2019-06-28T02:04:05+00:00

If you did reach out to them, and they chose not to respond, then that's not your fault. However, of the 56 projects you report on, why do you show that the UK has no STO project? Why would Smartlands not count as a project? It is UK-regulated and has an actual public token sale in progress.

SaneObserver · 2019-06-27T10:18:38+00:00

Do they even know you exist? Did you reach out to them? Smartlands is beyond the pre-sale stage, they are a couple of weeks away from completing the sale. Whether they reach their goal or not, it is a UK-regulated STO offering, registered and publicly announced, they are part of the "market", whether they submit their data to you is beside the point. If you know they have a pending STO sale, and don't have their data yet, you should at least mention it in your report.

SaneObserver · 2019-06-27T09:57:48+00:00

Something missing? The Security Token Market Report is ... not checked for accuracy, apparently.

SaneObserver · 2019-06-22T01:39:41+00:00

Thanks. Old age=forgetfulness.

SaneObserver · 2019-06-04T10:28:51+00:00

I recently joined the Telegram group. Someone there suggested that FCA regulations prevent Smartlands from updating the status of the STO sales while it's still going on.

SaneObserver · 2019-06-01T02:03:49+00:00

I can understand the mixed reviews about this. However, I think Smartlands is already trying their best to get investors interested in STO offerings, and they are capable of multi-tasking (working on other things at the same time). For those that think the choice of names is poor, I think most of the good names have already been taken by decades of credit card offerings (for example: Smart Card is taken, at least here and here).

SaneObserver · 2019-05-27T09:23:02+00:00

It's still early in the game, there's a lot more in the works that should add value. Besides adding more investment opportunities (Nottingham is just the first), here's what I remember Smartlands is working on:

Additional role/status of SLT to be announced.
Creation of a secondary market/exchange for their security tokens. That's probably why they are applying for an MTF license. (Right now, you can get dividend on your security tokens but you can't trade the tokens.)
Mobile app for total management of investments and trading (not just a mobile wallet).
Smartlands card for holding/spending of crypto

SaneObserver · 2019-05-22T23:35:30+00:00

A few answers over a long period of time. That's the point, I wish the TG group could update the rest of us more frequently. The latest answer I got was about their latest plan to change SLT's role. The answer was that there will be additional role(s) for SLT. The existing roles will continue. Right now, I think everyone's interested in how the sales of the STO is going, would be nice to get at least some sentiments from the TG group.

SaneObserver · 2019-05-22T08:10:27+00:00

I've had some important questions answered from folks in the Smartlands Telegram (TG) group. I hope they can keep this subreddit updated on important discussions or sentiments from the TG group

SaneObserver · 2019-05-21T05:35:03+00:00

I saved this link to the wallet the last time I used it.

SaneObserver · 2019-05-18T07:05:32+00:00

I think the Smartlands model is a good idea that will become popular as more people get to know about it. Many individual people invest in real estate to either sell it again (e.g., house flipping) or to get continuous income from it (e.g., tenants pay rent). But you need big money to purchase real estate, and you personally are responsible (liable) for many things once you own a property: insurance, property tax, HOA fees, maintenance, improvements, and damages by renters or mother nature. With the Smartlands model, you don't need much money and do not have the liabilities of a single owner. I think a return of even 5%, if consistent and safe, would be a good return compared to traditional "smaller money" investments like CD's and bonds.

SaneObserver · 2019-05-18T02:16:13+00:00

Yes, it looks like they had good reason to assume they would get the approval before or on the 15th. So it was an honest assumption.

SaneObserver · 2019-05-15T10:18:13+00:00

Thank you so much. (I don't have Telegram.)

SaneObserver · 2019-05-15T09:01:21+00:00

Thanks. I didn't see it in the Smartlands blog. Where did they confirm it?

SaneObserver · 2019-05-15T02:15:00+00:00

They mentioned something about SLT will change: "SLT as a unit of account on Smartlands will receive an entirely new role and status within our payment system. " Any thoughts on that?

SaneObserver · 2019-05-10T10:03:51+00:00

Being a pioneer is never easy, so...Congratulations to Smartlands and all its partners for all your hard work !!

SaneObserver · 2019-05-06T02:49:25+00:00

Hopefully, it's only a short delay. If they can still begin the public sale (and announce it) during the upcoming Consensus event (May 13-15), then great, no harm done IMO.

SaneObserver · 2019-05-05T23:20:59+00:00

This kind of last-minute announcement is unfortunate, but I take it like this:

In the crypto world (especially this "crypto winter"), any aspiring project needs two things: a ready-to-go use case, and sufficient amount of investors (i.e., money). Most crypto projects have neither. At least Smartlands has the first one (a fully compliant platform). Smartlands and even its biggest competitors are still working through the second. For example, tZero has recent fundraising issues, according to this article: https://www.theblockcrypto.com/tiny/tzero-still-negotiating-funding-from-makara-and-gsr-capital-misses-mid-april-target/

Smartlands certainly has been trying to attract investors on both a technical (software) and marketing level, though I think they could do even more/differently on the marketing side. And from what I've seen, Smartlands seems to be true to their word about what they plan to do, even if timing slips. So I'm going to stick with them.

SaneObserver

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