STO Analysis: AspenCoin

After the 2018 ICO burnout in combination with the confusion and chaos in the bear market and the lack of any investment protection, more and more investors began looking to the new frontier called STO, or Security Token Offerings. Aspen Coin is a vivid example of a well-organized first-wave STO – an active, successful, and most importantly, a tangible business that decided to tokenize some of its assets and put them up for sale.

Aspen Coin has made a lot of noise in the crypto environment, becoming one of the first successful security projects to close the cap on the platform Indiegogo. This is understandable: real estate is one of those niches, where everyone expects a rapid growth with the massive introduction of tokenization.

What I really like is that any average Joe like you and me could become an owner of a business or a real estate all over the world.

In short, Aspen is the American Courchevel, focused on winter activities with the family. The town has numerous hotels that are filled during ski season. In the summer, tourist density is lower, but there is an active campaign to promote Aspen as a venue for weddings and celebrations.

One of these hotels is the 5-star The St. Regis Aspen Resort with 179 rooms, located at 315 East Dean St. I liked the fact that it has a good rating on Tripadvisor. According to the hotel website, rooms cost between $300 and $3,000 USD depending on the room type and season.

Let us move directly to Security Token Offering. The management decided to take up 18% of the company’s assets in transfer them into the ASPENCOIN and set a token for sale for $18 million USD in total. 1 USD/ASPENCOIN with a minimum investment of $10,000 USD. It is worth noting that this asset is a non-voting share, i.e. holders will not participate in making key decisions of the company, but can only qualify for quarterly dividends and reports.

Now more about the dividends: at the moment, the company predicts about 4.7% quarterly, but this figure may vary depending on turnover. It is noteworthy that dividends will be paid on the air on the wallets of investors through the partner Computer Share.

Some interesting answers about the project are answered in the FAQ.

Team

Is represented by the company management.

Stephane De Baets – More than 20 years in finance.

Alex Ho – More than 15 years in the hotel industry.

Jason Kirschenbaum – 10 years of experience in real estate and diamond processing.

Joel Hocknell – 20 years in project management. It is worth noting that they work not directly on the hotel but on the company Elevated Returns, which deals with the management and acquisition of promising real estate.

Partners

All partners of Aspen has their function.

Templum is engaged in listing and providing liquidity tokens on its site,

Clifford Chance – jurisprudence

Solid Block – writing and developing a smart contract

Indiegogo – a platform for conducting STO

Computer Share – accounting and distribution of dividends.

Verdict

STOs look very attractive; buy tokens, hold them and get dividends.

There is of course the risk of running into an STO scam, as in any other investment, but here the interests of holders are more or less protected from fast price dump due to market manipulation and non-transparent ICO practice. The only minus is that the status of the security tokens is still not clear and the high entry threshold for investments. In general, the idea of ASPENCOIN is solid: a real and tangible business goes well with the described mechanisms for protecting investors.

Details

  • Official website: http://aspencoin.io/
  • Short description: Owning the shares of the luxury hotel The St. Regis Aspen Resort;
  • Token Name/Ticker: ASPENCOIN;
  • Type: erc-20 security;
  • Market Cap: %18 million USD (closed)
  • Token Price:  $1 USD, without bonuses and seed rounds
  • Minimum Investment: $10,000 USD;
  • Team: The current management and staff of The St. Regis Aspen Resort;
  • Partners: Templum, Clifford Chance, Solid Block, Indiegogo, Computer Share;
  • Exchange: https://templummarkets.com/aspen

Featured image courtesy of Shutterstock.

Author:
Vladislav Semjonov has a legal and financial background. He has been involved in crypto space since early 2017 in both ICO advising positions in several ICO consultancy firms, and as an ICO analyst for VC. He began contributing for Hacked.com in April 2017.