Sorry for a long reads last times 😅
Regarding the integration of XRP Ledger infrastructure into the Sl8 RWA platform, our idea is simple: why should you have to choose between Coke and Pepsi if you can use the capabilities of both distributed ledgers within the same application?
You simply open Sl8 / Wallet and can switch between Stellar and XRP Ledger in just a couple of clicks. And this is only the beginning. Soon, you will also be able to fund your Sl8 wallet through virtually any major network, including Bitcoin, Ethereum, TRC20, BSC, Solana, and others.
People are different and have different goals, needs, and preferences. Some prefer the Ethereum ecosystem, while others favor XRP Ledger or Stellar. Our vision is to make blockchain infrastructure more interconnected, more convenient, and enhanced by a built-in social layer.
The Sl8 wallet is gradually gaining more and more functionality and becoming increasingly convenient to use. For example, once we launch the Trade feature, you will be able to place orders and trade directly from the same Sl8 wallet.
At the moment, we are preparing to raise a new investment round. As a reminder, the last time we raised capital in the traditional startup way (through equity financing) was approximately five years ago. This has been beneficial in one important respect: the founders of Cassator Corp. have been able to retain their voting power in the company, which is essential for preserving our ability to execute our long-term vision for what our asset tokenization platform should ultimately become.
However, we are now reaching the point where the product itself is approximately 95% complete, and what remains is to fully launch the tokenization of what we consider the most valuable asset on the planet - people and their human capital.
Doing this at scale requires substantial resources, which is why we are preparing to raise them now. This next stage is expected to increase both the number of users and their aggregate economic activity by hundreds of times, which will also significantly increase our operating costs.
For this reason, we have optimized the operation of STARDUST and are also transitioning the reward calculation model for hundreds of thousands of active staking positions from APR to APY. As an additional benefit, this will result in a higher overall return than under the previous model. At the same time, we are completing the final rounds of optimization and bug fixing across both the Sl8 applications and the web version.
We understand that we cannot appeal to everyone, and we certainly do not consider ourselves perfect as either a company or a product. Those of you who prefer to unlock your funds and stake them in other projects will soon be able to do so once the corresponding functionality is completed.
The CST token is also being prepared for launch. As a reminder, CST is intended to be a token linked to the valuation of Cassator Corp. We expect to share significantly more information about it in approximately a week or so.
This may sound somewhat bittersweet, but the era of exceptionally high staking yields is gradually coming to an end as we transition toward raising capital from traditional investors and launching new revenue streams.
It is time for us to start becoming a truly global corporation.