Stobox Monthly Report September
Hello Stoboxians,
We are pleased to release Stobox’s monthly report for September. This report helps Stobox investors, team members, fans, and regular users track the company’s progress and achievements. In order to cover all scope of the company’s developments, we logically divide our actives into the following categories:
Stobox products
DS Dashboard
Stobox Digital Securities Dashboard is a comprehensive SAAS solution to streamline all operations with tokenized securities. Reach investors globally, enable trading of your shares, and tap into new powerful sources of capital.
Current version - 2.9.10
The product overview is available on the official website here.
Updates:
Enabling setting up DS Dashboard environments for clients via configuration files
The software is adapted and customized for each client, which allows the client to independently manage their environment with tokenized securities and investors. The speed at which each dashboard is delivered to the client is a key metric for scalability. Thanks to automation, we have reduced the process of technical deployment of the dashboard to 2 days. Unfortunately, we cannot effectively reduce the time in other aspects such as legal preparation or preparation of documents from the client's side.Added regulatory rules for multi-jurisdiction offerings
Created API module
Optimisation of current functionally
We have prioritised ongoing and future developments and focus on the following roadmap for Q4 2021:
Custody integration
Please note that, unlike crypto assets, security token custodian services must comply with securities legislation, which severely increases the complexity of this task.Integration with fiat providers
Integration with fiat providers would allow investors to send payments within one service provider, lowering commissions and ensuring delivery versus payment. Great tool for the adoption of security tokens.Cross-chain integration and bridging
Corporate securities can exist on different blockchains at once. Lower commissions, better speed, or availability of enhanced infrastructure may influence the decision on which network security tokens are currently stored. Therefore cross-chain capabilities and a blockchain agnostic project environment are essential.Advanced API functions
Crypto Exchange
Stobox team works on the proprietary CEX exchange for both business and individual users.
Current version - 0.6.0. An updated version is coming soon!
At the time of writing this report, we are testing the 0.7.0 version internally and planning to release it on Week 40-41 (this or next week). The updated version includes:
Multiple bug-fixes on both back-end and front-end;
Connection to liquidity providers;
Localization package (the first language after English is Ukrainian);
Coingecko and Coinmarketcap required public pages: markets, fees, minimal trade amounts, etc.;
Exchange statistics module.
Once we release the 0.7.0 (Week 40-41) version we will continue with adding new assets and start marketing activities.
A very important milestone is the legal setup of Stobox Exchange. We have finally cleared all legal arrangements with the registration of the exchange on the British Virgin Islands. BVI has no income tax and does not require licensing, which is cost-effective and convenient from an operational standpoint. However, in the future, we oversee the importance of acquiring crypto licenses in the countries where main operations take place.
Stobox L2 blockchain
Stobox L2 is a temporary naming. Complete information on the network parameters and requirements will be published later in October. Plans: testnet launch - December 2021, mainnet launch - Q1 2022.
As we have stated earlier we are examining best practices in order to set up Stobox proprietary DeFi infrastructure which would be opt for security tokens primary and secondary transactions. As the result of our research and internal analysis, we have decided to take a very important step and go with the development of the Stobox proprietary network — Stobox L2 Blockchain. The implementation of POS permissioned blockchain would ensure minimal stable gas prices and give Stobox much more room for operations.
What does it mean for Stobox and its clients?
Most secondary market transactions with security tokens will be done on Stobox L2 and published on L1 network (Ethereum, Polychain, Algorand). Thus we ensure maximum integrity of the registry while proving low fees for our customers.
Every STO client who uses Stobox infrastructure for secondary market operations must be a node operator. This policy ensures that companies keep their registries themselves.
Every node operator has to be legally validated: KYC/KYB. Unlike with most quasi-decentralized networks, we state that Stobox L2 is permissioned, with no barriers for block-miners other than verification.
Unlike most public networks today, Stobox L2 respects international AML and KYC policies to comply with international rules and regulations.
What does it mean for STBU tokenholders?
STBU transforms from a token to a coin.
STBU will be mineable with no limits on total supply.
Before the mainnet launch in Q1 2022, we will keep only 50M STBU on the Ethereum network. The rest will be burned. Therefore the total supply with be 50M. There will be also 50M L2 STBU premined and reside on the bridge, making it possible to shift from Ethereum to Stobox L2 networks to launch a node and to start operations. The Stobox team will not sell or distribute any STBU L2 coins. Only via the bridge from Ethereum or BSC networks.
According to preliminary calculations, only around 1.5M STBU will be mined in the first year of operations.
Launching proprietary blockchain and DeFi activities of such type imply serious legal preparations.
Website and other product dev
Ongoing development of Stobox Official Website to v.8.0.0.
Stobox ID / SSO;
Integration with DS Dashboard and Crypto Exchange.
Updated corporate UX/UI guidelines ensuring better usability for Stobox products.
Tokenization services
We are proud to announce that in September two (2) new companies have signed a contract with Stobox in respect to their Security Token Offerings. Stobox team will execute full-cycle STOs for both new clients. Moreover, there are 20+ clients in the pipeline in the final stages. We are sure that most of them will choose Stobox as their tokenization provider.
In September 3 (three) clients have received consulting reports on how to perform a Security Token Offering. 100% of them are prepared to use Stobox DS Dashboard as the technical infrastructure.
The first STO to be released is Mariana Mining company.
Other ongoing activities and achievements
Refactored Stobox presentation and sales materials;
Refactored STO packages and pricing;
Finalised Stobox strategic Objective Key Results for the team;
Participated in CoinAgenda event in Monaco;
Prepared the STO delivery handbook;
Updated the roadmap for Q4 2021;
Registered a legal entity for Stobox Exchange operations;
Listing on Trustcoin.cc;
Launched Stobox Reddit Community.
Legal and financial structuring
It is extremely important to clarify the relationships between different legal entities within Stobox holding. Please note that Stobox operates 3 legal entities:
Stobox Technologies Inc.
US-based c-corp which is focused on the delivery of tech products for tokenization and tokenization services B2B clients. The entity’s shares have been tokenized and can be purchased via Stobox DS Dashboard. Stobox Technologies Inc. also provides technical outsourcing services. Please note that none of Stobox crypto activity is associated with Stobox Technology Inc.'s legal entity.Marquest Finance Limited
British Virgin Islands limited company that operates Stobox Exchange and Stobox token activities. Please note that 10% of revenue generated from crypto services is passed on to Stobox Technologies Inc. according to IP contracts.Stobox Ukraine Ltd.
A Ukrainian legal entity is structured for Ukrainian operations including team management, crypto activity in Ukraine, local consulting and operations with third-party contractors. Stobox Ukraine Ltd is 100% subsidiary of Stobox Technologies Inc.
Invest in Stobox Tokenized Stock
We have tokenized our shares and are offering them to different investors groups via Security Token Offering. To invest in Stobox common stock please continue here.
If you have any questions about Stobox plans or progress, please write us at info@stobox.io or in our group chats.
Project | Summary | Assignee | Resolved |
|---|---|---|---|
Business Development and Sales | Refactoring STO packages and pricing | Gene Deyev | 15/Sep/21 3:30 PM |
Clients Delivery | Coordinated setup of the SPVs for two clients | Borys Pikalov | 24/Sep/21 8:27 PM |
Clients Delivery | Created a model for the tokenized SME venture fund | Borys Pikalov | 13/Sep/21 3:45 PM |
Clients Delivery | Conduct demo of the Dashboard for the first STO client | Borys Pikalov | 13/Sep/21 3:44 PM |
Clients Delivery | Perform internal demo | Borys Pikalov | 02/Sep/21 6:00 PM |
Clients Delivery | Prepare advisory report for BluebenX | Borys Pikalov | 01/Sep/21 5:41 PM |
Clients Delivery | Prepare the rest of legal documents for FLA | Danyil Voloshchuk | 01/Sep/21 4:21 PM |
Crypto Management | Create Fee Structure text for Exchange | Igor Haleta | 22/Sep/21 2:29 PM |
Crypto Management | Registrating a company reddit account | Arevik Dumikian | 09/Sep/21 3:36 PM |
Crypto Management | Provide listing on Trustcoin.cc | Igor Haleta | 11/Sep/21 10:55 AM |
Crypto Management | Research on liquidity services | Stobox.exchange | Gene Deyev | 08/Sep/21 8:50 AM |
Crypto Management | Provide integration with Crystal | AML | Igor Haleta | 10/Sep/21 7:20 PM |
Dashboard Dev | Deploy Mariana UAT | Yevhenii Makovei | 24/Sep/21 9:08 PM |
Dashboard Dev | Deploy Mariana FAT | Yevhenii Makovei | 24/Sep/21 9:08 PM |
Dashboard Dev | deploy Stobox fat | Yevhenii Makovei | 24/Sep/21 8:17 PM |
Dashboard Dev | Setting up demo instance db | Yevhenii Makovei | 24/Sep/21 8:19 PM |
Dashboard Dev | Setting up demo instance service app | Yevhenii Pievtsov | 24/Sep/21 8:19 PM |
Dashboard Dev | Implementing regulations for investor before invest | Dmytro Moroz | 22/Sep/21 12:13 PM |
Dashboard Dev | Setting up regulations for offerings | Yevhenii Makovei | 20/Sep/21 9:38 AM |
Dashboard Dev | Deploy dashboard to prod v 2.7.8 | Yevhenii Makovei | 09/Sep/21 6:38 PM |
Dashboard Dev | Adding USD as a second payment currency to DS Dashboard | Yevhenii Makovei | 01/Sep/21 12:37 PM |
Dashboard Dev | Creating api block | Yevhenii Pievtsov | 14/Sep/21 12:27 PM |
Head Hunting | Hiring SEO/Linkbuilder | Theodore Kairos | 29/Sep/21 11:01 AM |
Internal Research & Analytics | Start negotiating partnership with several neobanks | Borys Pikalov | 24/Sep/21 8:29 PM |
Internal Research & Analytics | Design analyst onboarding process | Borys Pikalov | 23/Sep/21 10:34 AM |
Internal Research & Analytics | Write the instruction for defining STO parameters | Borys Pikalov | 18/Sep/21 3:17 PM |
Internal Research & Analytics | Suggest Analytics OKR | Borys Pikalov | 17/Sep/21 3:21 PM |
Internal Research & Analytics | Negotiate with legal partners to act as dedicated managers for the DS Dashboard | Gene Deyev | 23/Sep/21 10:34 AM |
Internal Research & Analytics | Contact more than a dozen of neobanks with partnesrhip enquiry | Borys Pikalov | 16/Sep/21 5:12 PM |
Internal Research & Analytics | Consider the application of the Howey test to the DS Swap | Borys Pikalov | 15/Sep/21 5:30 PM |
Internal Research & Analytics | Update STO parameters list | Borys Pikalov | 16/Sep/21 5:31 PM |
Internal Research & Analytics | Design an analyst interview process | Borys Pikalov | 08/Sep/21 4:05 PM |
Internal Research & Analytics | Prepare first draft of the STO delivery Handbook | Borys Pikalov | 21/Sep/21 10:49 AM |
Internal Research & Analytics | Update consulting questionnaire for clients | Bohdan Olikh | 20/Sep/21 1:57 PM |
Legal | Sign a Testimonial letter with ScienceSoft | Danyil Voloshchuk | 16/Sep/21 9:38 PM |
Marketing and Production | Insights 55 Youtube Video: Stobox competitive advantages | Katya Klochan | 30/Sep/21 1:13 PM |
Marketing and Production | Weekly Tokenization News Digest - W38 | Kateryna Dashevets | 28/Sep/21 2:03 PM |
Marketing and Production | Weekly Tokenization News Digest - W37 | Kateryna Dashevets | 21/Sep/21 2:34 PM |
Marketing and Production | Stobox Co-Founder Borys Pikalov will participate on CoinAgenda event in Monaco! | Katya Klochan | 27/Sep/21 4:56 PM |
Marketing and Production | Email Analytic Reports - Digest September Part 1 | Tatyana Myatka | 27/Sep/21 2:26 PM |
Marketing and Production | Week 38 Infographic: What return have security token provided | Inna Chernikova | 24/Sep/21 4:17 PM |
Marketing and Production | Stobox created a Reddit Account | Katya Klochan | 20/Sep/21 2:35 PM |
Marketing and Production | Redirect Domain stoboxplatform.com to stobox.io | Gene Deyev | 16/Sep/21 6:13 PM |
Marketing and Production | Comment news: Coinbase plans to raise $1.5B via debt offering | Katya Klochan | 15/Sep/21 11:27 AM |
Marketing and Production | Renovate the Report blog category and Tilda template | Alex Kostiuchenko | 14/Sep/21 1:29 PM |
Marketing and Production | Video Youtube: Stream with Stobox Management Team | Katya Klochan | 16/Sep/21 12:35 PM |
Marketing and Production | September Email Digest - Part 1 | Nadia Basaraba | 16/Sep/21 4:32 PM |
Marketing and Production | Comment news: New Bitfinex Platform to “Eat the Lunch” of Stock Exchanges | Katya Klochan | 13/Sep/21 5:33 PM |
Marketing and Production | Week 37 Infographic Announcement: What Can Be Tokenized? | Nadia Basaraba | 17/Sep/21 4:22 PM |
Marketing and Production | Weekly Tokenization News Digest - W36 | Nadia Basaraba | 14/Sep/21 4:16 PM |
Marketing and Production | Stobox listed on Trustcoin | Katya Klochan | 16/Sep/21 1:37 PM |
Marketing and Production | Comment news: Ukraine passes legislation to recognize and regulate crypto | Katya Klochan | 10/Sep/21 6:30 PM |
Marketing and Production | Comment news: SEC threatens to sue Coinbase over crypto yield program it considers a security | Katya Klochan | 09/Sep/21 6:04 PM |
Marketing and Production | Stobox Exchange Promo Video | Katya Klochan | 29/Sep/21 11:48 AM |
Marketing and Production | Stobox Members Announcement - Arevik Dumikyan | Katya Klochan | 13/Sep/21 7:27 AM |
Marketing and Production | Weekly Tokenization News Digest - W35 | Nadia Basaraba | 07/Sep/21 7:18 PM |
Marketing and Production | Stobox Interview with Mark Smith | Katya Klochan | 10/Sep/21 11:17 AM |
Marketing and Production | Insights 54 Youtube Video: How to sell a company via tokenization. Mergers and Acquisitions. | Katya Klochan | 23/Sep/21 12:24 PM |
Marketing and Production | Stobox listed on The Coin Perspective | Katya Klochan | 07/Sep/21 2:51 PM |
Marketing and Production | Stobox Montly Public Report (August) | Katya Klochan | 09/Sep/21 11:18 AM |
Marketing and Production | Week 35 Infographic Announcement: Security Tokens Market Capitalization Reach $1 billion | Nadia Basaraba | 03/Sep/21 12:33 PM |
Marketing and Production | Email Analytic Reports - Digest August Part 1 & 2 | Tatyana Myatka | 08/Sep/21 11:10 AM |
Marketing and Production | August Digest Email - part 2 - How to conduct a marketing campaign for an STO? | Nadia Basaraba | 01/Sep/21 3:01 PM |
Marketing and Production | Blog Article 53 Announcement: The token economy: nuances, returns, equity finance | Kateryna Dashevets | 13/Sep/21 7:27 AM |
Marketing and Production | Blog Article 52 Announcement: The advantages of tokenized securities that will matter for investors | Kateryna Dashevets | 07/Sep/21 9:07 AM |
Marketing and Production | Exchnage Mailing letter - Vote for Stobox on Startups of the Year 2021 by Hackernoon | Ross Shemeliak | 09/Sep/21 3:36 PM |
Marketing and Production | Vote for Stobox on Startups of the Year 2021 by Hackernoon | Nadia Basaraba | 01/Sep/21 1:08 PM |
Marketing and Production | Add block with Lead Magnet - Guide to STO Regulations and Best STO Jurisdictions to the Blog Articles | Kateryna Dashevets | 14/Sep/21 5:20 PM |
Marketing and Production | Stobox Announces a Youtube Live Stream | Katya Klochan | 03/Sep/21 6:39 PM |
Marketing and Production | Insights 53 Youtube Video: Token economy for security token offering: corporate finance and project finance methods | Katya Klochan | 03/Sep/21 11:03 AM |
Marketing and Production | Update on Website | Alex Kostiuchenko | 07/Sep/21 12:56 PM |
Marketing and Production | Setup participation and format | Gene Deyev | 24/Sep/21 9:55 PM |
Marketing and Production | NFT - Article for Blog | Nadia Basaraba | 19/Sep/21 9:11 PM |
Marketing and Production | Video About Consulting | Inna Chernikova | 03/Sep/21 2:57 PM |
Onboarding | Onboarding Arevik Dumikyan (Support manager) | Ekaterina Kopan | 06/Sep/21 2:16 PM |
Onboarding | Onboarding Kirill Serhiienko (Sales Operations Lead) | Ekaterina Kopan | 06/Sep/21 2:12 PM |
Onboarding | Onboarding Alona Mishchenko (Legal officer) | Ekaterina Kopan | 06/Sep/21 2:12 PM |
Operational | Setuping event in Stobox Radio | Ekaterina Kopan | 13/Sep/21 3:40 PM |
Operational | Set-up OKR of the Stobox Company | Ross Shemeliak | 15/Sep/21 12:45 PM |
Other dev | Define DS Dashboard high-level roadmap Q4 2021 / Q1-Q4 2022 | Gene Deyev | 07/Sep/21 8:13 PM |
Other dev | Creating buckets for FAT and PROD | Elvira Bostanova | 07/Sep/21 11:24 AM |
Other dev | Digital assets consulting page design | Yevhen Havrylenko | 09/Sep/21 5:52 PM |
Other dev | Legal management consulting page design | Yevhen Havrylenko | 09/Sep/21 5:52 PM |
Other dev | Tokenization consulting page design | Yevhen Havrylenko | 09/Sep/21 5:52 PM |
Support | Adding LiveStream to cryptocalendar Coinmarketcal | Arevik Dumikian | 06/Sep/21 10:05 AM |
Support | Collecting questions for the September Monthly Live Stream of the Team | Arevik Dumikian | 09/Sep/21 2:29 PM |