Innovation

PassiveSphere is developing the first ever dApp to service and support STOs, together with a smart contract protocol.

In our opinion, true democracy and decentralization can only be achieved with the use of blockchain technology. By being able to provide a product that combines these two instruments natively, PassiveSphere will be able to fulfil its vision of providing the resources needed to allow the world to tokenize itself, since issuers of security tokens can create their own self-sustained and self-executed ecosystems, without the mediation of PassiveSphere or third parties.

Furthermore, to achieve the level of democracy that is fundamentally a core value for PassiveSphere, this requires that PassiveSphere is fully transparent.

This will allow the code to be audited and verified by third parties and will also encourage the community of users behind PassiveSphere to help improve the code itself.

Finally, creating a public repository for the source code will allow PassiveSphere to offer an open API, so third parties can use our smart contracts and back end for integration in any application or website, without the need to be dependent on the dApp’s front end, and further allowing new workflows and business models to be created without PassiveSphere acting as an intermediary.

In a broad sense, PassiveSphere’s dApp will facilitate the following:

• Will allow users to register with emails, recover lost passwords and logg into the dashboards.

• Will allow users to buy PPX, PassiveSphere’s utility token.

• Will allow users to create their own STOs using PPX through PassiveSphere’s dApp.

• Will allow users to establish what kind of STO is being issued, debt or equity, its tokenomics, maturity, term, rights, yield to investors and/or any other source of income, among others.

• Will allow users to invest into existing STOs using any crypto as means of payment and allow them to create their own portfolio of STOs.

• Will allow users to customize a launchpad website for their STO.

• Will allow users to keep track of their STO Sales with analytics pages.

• Will allow users to manage their shareholders on-chain transferring company tokens to partners or employees

• Will allow users to easily send dividends/proceeds to shareholders

• Will allow users to create pools where their shareholders can make decisions regarding the company. .

• Will facilitate the necessary KYC submissions and processes for promoters and investors, approve and reject, and whitelist investors to transfer STOs related tokens.

• KYC management and investor whitelisting are key for fully legal compliant STOs.

The dApp aims to connect the dots between the legal requirements (off-chain services to handle KYC and personal data) and the decentralized application, while facilitating the smart contract’s usage through a user-friendly interface.

We will be providing the tools and mechanisms to convert the interactions between the dApp and the Security Token Offerings (STOs) into readable language. This fulfils the purposes of serving as auditable, legal evidence in any type of procedure or discovery.