VEWC Promotes Legend Siam Security Token Offering
By: FIAT Exchange
The said STO is being launched to raise funds for Thailand's first cultural theme park located in Pattaya, Thailand. The said park is completely in operation and has an area of 65 acres. It can accommodate 20,000 visitors and has a project value of $131 million US dollars. At this time, it has 8 attractions, 140 shops that offer local Thai food and products, and has a parking capacity of 1,000 cars and 100 buses, with a mission to promote Thai culture and symbolism.
The park is currently bargaining with VEWC to bring STOs to a theme park making it the first in the world. The Security Token Offering named Legend Siam Coins (LST) will be promoted by VEWC's private blockchain and features a Regular D filing with the U.S SEC (Securities and Exchange Commission) and Blue Sky Filing.
According to the CEO of VEWC, Shen King, the enterprise advertises 100% transparency with regards to financier management. He stated that the extension to their business is only an expected addition of their vision for a group-financed world and that they will give 100% transparency to every one of our financiers.
The said offering will be available to foreign licensed venture capitalists. For this specific arrangement, VEWC assumed a role in giving the dissemination platform where licensed venture capitalists can buy tokens.
Blockchain innovation includes various advantages when contrasted with conventional pledge gathering techniques. Such techniques include inflexible guideline which guarantees to give venture capitalist assurance. The overflow of Initial Coin Offerings which numerous organizations utilized to raise reserves, to a great extent neglected to comply with most of such guidelines.
Thus, the ICO has radically diminished, while the STO is on the ascent. In contrast to the ICO, the STO expressly presents itself as a security, and complies with its local laws and guidelines. Numerous of these guidelines can be imposed through blockchain innovation that possibly eliminates costly middlemen.
VEWC states that the Legend Siam Theme Park's tokenization embodies such advantages, however, lays an outline for extra real-estate tokenization ventures to follow. With regards to investing in real-estate, VEWC said that tokenization will bring about the worldwide presentation, forthrightness, and liquidity. Nevertheless of the careful resource type encountering tokenization, organizations can open liquidity by creating various parts of its worth fit for being exchanged or put resources into.
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