THE SOLUTION

The macro problem

“SIT will be delivering algae biomass – a modern day “superfood”, which is high in protein, amino acids and omega oils – based on a unique, patented design. ”

SIT will be delivering algae biomass – a modern day “superfood”, which is high in protein, amino acids and omega oils – based on a unique, patented design.  This design involves a completely “off grid” approach of self-generation of heat and electricity through onsite renewable energy generation, to grow a product that will play an increasingly important role in the human food chain.  The entire design will likely be carbon “positive”, quiet, safe and will not damage the environment or water supplies.

For each tonne of algae biomass consumed in the human food chain, up to 250,000kg of CO2 emissions are avoided.

The micro problems

SIT could either have issued a modern crypto currency – with no intrinsic value, or returns to investors other than capital gain – or could have looked to the traditional banking, private credit or private equity sectors to raise this capital.  Instead SIT is blazing a trail in between.

SIT is issuing a security token, powered by the Tezos blockchain, which is proof of a stake in the project.  The token will offer a yield to investors.  All tokens are recorded in smart contracts deployed on Tezos, a proof of stake blockchain technology that powers a peer-to-peer permissionless blockchain network known as the Tezos network. Tezos does not exist as a legal person and no single entity owns, manages, or controls the Tezos technology or the Tezos network, which makes it transparent and secure.  The tokens will act in a way that is similar to a debt security – in the base case scenario, there is not intrinsically a reason for the value of the token to increase or decrease, and the token’s intrinsic value is backed by hard assets.  The token’s value is that of the “par” value of the underlying project stake and instead the investors will receive a yield rather than capital gain – albeit during the life of the project the intrinsic value of the token could be view “clean” and “dirty” when giving consideration to the accrued yield.