From: South Africa
Basic Information
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Project Name: Salient Yachts -
Additional feature: Crypto Sailing Quest (web3 Game) -
Grant Requirements: $12 000 for marketing the project
Project Overview
- Our Project is backed by real world assets which are fully insured
Hybrid tokenization is the intersection where radical forward-thinking and real-world implementation meet.
We are manufactures of Real, Physical Sailing Yachts
We bridge the digital and fiat worlds using these physical assets to give crypto a solid use case and real intrinsic value!
We have NFT Fractional ownership of physical yachts making each NFT asset backed!
The physical yachts are insured, meaning that effectively the initial value of the NFTs is insured as well.
Our reward system (WIND) is tied to and streamed continuously to NFTs
The fractional yachts are chartered in real life and the proceeds therefrom are used to buy back WIND tokens.
The value is stabilized from the buying pressure we put on the market and by the burning of these tokens.
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Explore island living and sail on the REAL yachts in the REAL world!
You can use your NFT rewards to charter a holiday on any of our yachts in the real world at exotic locations such as Mauritius and the Caribbean. -
Explore islands in the VIRTUAL world
Our 3D adventure game - Crypto Sailing Quest - While sailing near the Bermuda Triangle a storm sweeps you and your yacht into alternative reality:
*Discover treasures and artifacts in your quest to get find a way back home
*Explore a world filled with mysterious islands
*Each island has its own, individual theme and mini-quest
*Avoid traps and obstacles, fight off enemies and creatures -
Sail the yachts virtually in our upcoming VR Sailing Game expansion
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Users become our Boat Brokers earing commissions of NFT sales using our affiliate program.
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We have global expansion plans for multiple yachts builds and construction marinas
Project Goals and Value:
Project Goal :
- To make innovative yacht ownership accessible to everyone around the world using NFTs and hybrid tokenization of shares, providing asset backed crypto investments with a reliable ROI through our rewards program of 24% APR generated by the IRL yachts being chartered internationally!
An asset backed crypto project, gives users security and the confidence to onboard to the project and the NEAR / Aurora Blockchains
Project Value:
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Innovation:
NFT contracts give users digital ownership of IRL Sailing Yachts,
NFTs facilitate asset liquidity in marketplaces and auctions, revenue sharing, and more. -
Decentralization:
Use of the blockchain ensures that NFT owners get direct control over their fractional shares and rewards and allows them trade and sell their shares at any time! -
Transparency:
All transactions are transparent and verifiable by anyone on the network. Know how every NFT share and its rewards are used. -
Security:
Enhanced encryption standards ensure user data and assets are protected. -
Insurance:
Each yacht is comprehensively insured!
This effectively means that the NFT value of the tokenized shares are indirectly insured through its asset backing!
Needs:
We are looking for grants, incubation and seed funding to advertise and promote the project in order to raise $400’000 (in funding or through token / NFT sales).
This will be used to complete the yacht “Salient One” so that we can demonstrate the project LIVE at the international Boat shows! Build time for completion is approximately 8 months once our founding goal is reached
Project Info:
Project Website: salientyachts . com
Project Details
The challenge (Problems We Solve):
a. Blockchain and Crypto projects often lack real world or intrinsic value.
b. Most crypto projects only have value during the hype phase and soon fade away (such as Axie etc)
c. No guarantees or third party backing
Our Answer:
a. Our project is backed by 50ft+ $1MM+ REAL assets!
b. Rewards from IRL charters give each NFT value and stability for 10+ years!
c. Insurance on the IRL assets means that each NFT is indirectly insured!
We have a full specialist marine facility with the following consultants:
• Marine Engineering
• Resin-Infusion Composite Engineering
• Custom Stainless Steel
• Mechanical & Electrical specialists
• CAD Design and Rendering
Yachting Industry Problems:
i) According to the April 2021 report from Grand View Research
the global yacht market—valued at $8.15 billion in 2020—is expected to expand at a compound annual growth rate (CAGR) of 5.2% from 2021 to 2028. Meanwhile, the global yacht charter market is projected to grow from $6.83 billion in 2020 to $10.82 billion in 2027—a CAGR of 6.6%.
A total of 242 new yachts came to market in Q1 2021, 93 less than the previous year. That is a supply shortage of 39%. Adding an annual growth rate of 5% to the 242 new yachts means there will be a growing shortage of more than 12 yachts each year, compounding over the next 7 years.
ii) The industry has bottle necked due to the increased demand for 50-64ft Catamaran Yachts. Customers are divided into three market segments, namely Charter Companies, Family Leisure Adventure and High Net Worth Individuals. These customers are waiting up to 6 years to get new vessels manufactured and delivered due to fabrication backlogs, some being unable to operate or expand their business while they wait.
iii) Factors driving Yacht demand:
A growing group of YouTuber’s and social media influencers have popularized Pleasure Yacht excursions across every sea, stopping at tropical locations diving in crystal blue water.
iv) Fractional ownership is known to be a more affordable way to own a share in a yacht by reducing the operating and maintenance costs, but it’s also out of reach for the average person.
The Solution:
We are at the forefront of innovation by taking a Yacht Asset and fractionalizing the yacht into NFT shares. We then deploy a NFT collection based on the number of yacht shares which is then represented by each NFT. Yacht ownership is authenticated through the above NFT contract created for the asset, the Title Registration of the yacht will be added as metadata to the NFT collection once built.
The concept of fractionalization in yacht ownership is not new, but our ground-breaking solution using NFTs will revolutionize the way people buy and sell yachts through digital ownership of the asset. This will allow anyone the option to own a share in a yacht and be rewarded. Our system can be implemented to achieve worldwide mainstream adoption, providing large-scale solutions to real-world problems.
Each share is INSURED, receives REWARDS and has VOTING rights. The NFT blockchain technology allows these shares to be easily transferable and liquid, which is unheard of in the yachting industry!
Our Yachts
A Tag 50 Catamaran: LIMITED EDITITION: Hull #2 of 2
Salient One Yacht Video- The Dream
This carbon fibre / resin composite vessel, manufactured by Vacuum Infusion, combines maximum strength with minimum weight. This catamaran, is currently a blank canvas, which represents great value and has already completed a 580 mile coastal voyage.
Ownership
Our primary goal is to make yacht ownership accessible to everyone around the world. Hitherto this was unobtainable. Now it is not only available, but it is a reliable investment option. While investing in the crypto world, with its far reaching potential, you also retain the backing of a FIAT asset, which is insured.
Insurance
Each yacht is comprehensively insured during manufacture against any defects or damage right up until delivery. Furthermore, Charter Yachts are also comprehensively insured during its use.
This includes damage or loss due to accidental means, including perils of the seas or other navigable waters, stranding, sinking or collision; fire, earthquake, volcanic eruption or lightning; malicious acts; piracy; explosions, contact with aircraft, theft of the entire vessel or her boat(s); theft of machinery, gear or equipment.
This effectively means that the initial value of the tokenized shares are indirectly insured through its asset backing!
Rewards
Our NFT holders are rewarded a minimum of 24% APR built into the NFT Smart Contract for their share of ownership. We named this token WIND. In the same way that wind keeps the yachts sailing, driving them on to their destination, WIND will power us forward and on to success!
Governance (Voting)
The buyers of the fractional tokens can vote on the asset decisions. The voting will be on matters such as buyout offers, sale offers, short or long terms leasing / charters etc.
Revenue Model
The NFT Yachts will be used in our charter partnerships. This varies from day charter, holiday charter and even scholarship / training services. The operational costs, insurance as well as care and maintenance are all taken care of as part of the charter.
Proceeds from charters are used for WIND repurchases. Some of the tokens will be used to add liquidity to the market to increase token stability.
Some will be burned, this decreases the available supply while increases the value of the token. Some will be airdropped to NFT holders as bonus rewards.
All token repurchases, amounts, burn values, average price, etc will be published on the website.
Our community can use their WIND rewards to book charters and holidays on the charter yachts.
Project Milestones:
Smart Contracts for Demo
Launch Website
Game Development Initiation:
- Start of the game development with fundamental game mechanics, character locomotion, and environmental elements.
- Begin creating the game world based on the storyline and the first island.
Game Demo
- Videos and links for Demo to try out the game in its current development showcasing key features and in-game visuals.
First yacht “Salient One” sea trials and testing of 850nm before completion
Second yacht “Salient Two” sold outright to private charter company getting it ready to splash the seas in March 2024