AQUA Rights creates a digital asset with liquidity that can be exchanged for a variety of digital currencies by creating fractional ownership in actual water rights, removing the financial barrier to entry.
- Affordability of fractional ownership - Compatibility via a variety of wallets & exchanges - Liquidity via simplicity of exchangeability - Accountability with transparency - Stability of an asset backed token - Security of the Blockchai
AQUA tokens will be minted utilizing Ethereum smart contracts and Solidity programming language by Ambisafe. Minted tokens will be stored via the Ambisafe Asset Cold Storage with multi-sig capabilities which requires multiple confirmations from trusted parties to securely perform management actions.
|ICO start date||14 Aug 2017|
|ICO end date||14 Sep 2017|
|Additional Token Emission||No|
70% will be utilized for the acquisition of the physical water rights assets 15% will be utilized for a reserve fund. The reserve fund will be used to settle expenses incurred by the assets, including but not limited to property taxes, management or maintenance fees. 15% will be utilized for an operating accoun.These funds will support the operating expenses until the water rights assets begin to generate an income.
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