We are pleased to announce significant developments concerning the future of SBID.
In response to the evolving landscape of digital identity solutions, we are strategically redirecting our focus towards our core domain — asset tokenization. This pivotal transformation is designed to maintain our competitive edge and enhance the value we offer to our users.
SBID is undergoing a thorough reorganization to focus exclusively on serving issuers of Real World Asset (RWA) tokens.
This targeted approach aims to create a product uniquely tailored for the RWA market. Our objective is to deliver advanced meta-features and rights for RWA issuers, thereby equipping them with essential tools for their success.
SBID will take on the responsibility of managing enhanced metadata for issuers. To meet compliance requirements effectively, it is imperative to migrate issuer data on-chain. Currently, no existing solutions adequately address this need. Therefore, Stobox has decided to optimize SBID specifically for the management and processing of on-chain RWA issuer data.
SBID technology will be seamlessly integrated into Stobox products, with a particular emphasis on significantly increasing the number of RWA issuers in Stobox 4.
To ensure sustained growth and profitability for SBID, we are developing a dedicated business model for real-world-asset issuer validation. This strategy is designed to stimulate interest and secure a stable revenue stream for the project. The business model will be released with the major Stobox 4 pricing model update.
In light of the current regulatory and operative environment, we have resolved that the SOULB token will no longer have utility beyond its conversion to RWA SLX.
SLX RWA Token
Total Supply: 1,000,000 SLX Shares
Blockchain: Binance Smart Chain (BSC)
Contract Address: 0x2C4A911B16435f96e6bD18E4d720a32480554a22
Availability: 700,000 revenue share tokens are available for investors.
Price: $2.25 per SLX token
SOULB Token
https://www.coingecko.com/en/coins/soulboundid
Consequently, we will suspend SLX trading on DS Swap and initiate a six-month conversion window from SOULB to SLX via the DS Dashboard. This transition period will facilitate a smooth and organized shift for interested parties to RWA tokens.
Following this transition, SLX will resume trading on Stobox 4, signifying a new phase for our RWA token.
Furthermore, our commitment to our investors remains unwavering. The company will continue to distribute 20% of its revenues among SLX investors on a quarterly basis. We take pride in having already disbursed two quarterly dividends since the inception of our tokenized security.
SLX, as a security token, constitutes a pivotal RWA asset within the Stobox group of companies, underscoring its substantial value and potential in the emerging RWA market.
We are excited about these developments and anticipate the release of Stobox 4 later this year. Stay tuned for further updates as we continue to innovate and lead in the tokenization sphere with SBID. We appreciate your support and participation in this journey.
