Overview
Aspen Digital is a subsidiary of Elevated Returns LLC, a global real estate firm that is leading the development of the security token market. Elevated Returns’ objective is to build a borderless marketplace for Real Estate investments that would be accessible to all, transparent, cost efficient and liquid. To achieve this, it is building a full digital Real Estate ecosystem based on the blockchain technology in order to allow anybody, anywhere and anytime to interact with the asset class.
The St. Regis Aspen was originally constructed in 1992 as a Ritz-Carlton Hotel and converted to St. Regis in 1998. The property is composed of three buildings and features 179 guestrooms, 25 residential club apartments and three food & beverage outlets. These outlets include the hotels three-meal restaurant Velvet Buck, the Chefs Club restaurant (leases to a third party), and the lobby bar Mountain Social.
Description of the Aspen Digital Token
Aspen Digital Token, an asset backed coin, distributed to investors through a private Reg D 506 (c) offering, that is compliant with the laws of the jurisdictions in which it is sold.
Aspen Digital Tokens. Each Aspen Digital Token represents an indirect ownership interest in one share of the Company's common stock, par value $0.0001 per share (the "common stock"), that is held pursuant to that certain deposit agreement, as amended, by and among the Company, Computershare, Inc., a Delaware corporation, and its wholly owned subsidiary, Computershare Trust Company, N.A., a federally chartered trust company (collectively, the "depositary"), and the persons who from time to time may become registered owners of Aspen Digital Tokens (our "tokenholders") in accordance with the terms of the deposit agreement (the "deposit agreement"). The depositary maintains the register of the Aspen Digital Tokens (ADT Register) which is in book entry form and a courtesy carbon copy of such register is on the Tezos Blockchain with no legal or controlling effect on record ownership. For a summary of the deposit agreement, see Exhibit 3. A copy of the deposit agreement shall be made available by the Company upon request by a potential purchaser.
Dividends
The dividend yield to be approximately 4.7%. Dividends generate a crypto dividend which will push Ethereum to investor wallets. ComputerShare will distribute the dividends according to the Whitelist.
Security Token Offering Highlights
Main sale Price: $1
Main sale dates: Aug 15, 2018 – Oct 1, 2018
Country of origin: USA
Fundraising Goal: $18,000,000
Funded: $18,000,000
Accepted: BTC, ETH, USD