Project Submission and Review
- Project Addition: Founders submit their projects to Ribano.org (e.g., John submits the EXPO project).
- Administrative Review: Ribano's admin team reviews the project for approval or rejection.
Project Setup and Tokenization
- Contract Signing: Upon approval, Ribano signs a contract with the founder, detailing all terms.
- Token Creation: Special tokens representing the company's equity are created, including shares for fundraising.
- Account Creation in XeedWallet:
- Project Account: Managed by Ribano for handling funds and tokens.
- Manager's Account: For founders to manage funds and tokens.
- Shareholders' Accounts: Tokens representing each shareholder's equity are allocated.
Marketplace and ERP Integration
- RibanoM Integration: Shareholders can sell their shares in the Ribano digital assets marketplace.
- Ribanocor ERP System: Accounts for investors and shareholders to monitor company operations.
Investment Process
- Initiating Investment: Investors click 'invest' on Ribano project page and proceed to XeedWallet for payment.
- Currency Handling: Investors can use existing fiat in XeedWallet or deposit new funds through integrated payment methods.
Token Purchase and Transaction Recording
- Token Acquisition: Investors buy tokens (e.g., 100,000 tokens for $100,000).
- Blockchain Registration: Transactions are recorded on the NEAR blockchain.
- Financial Transfer: Funds are transferred from the investor's to the project's account in XeedWallet.
Financial Management and Profit Distribution
- Project Account Management: Ribano manages the project's account as per the business plan, disbursing funds to the founder.
- Profit Sharing: Profits are distributed to shareholders' wallets based on their ownership ratios.
Shareholder and Investor Options
- Project Oversight: Shareholders can monitor company operations through Ribanocor ERP.
- Share Trading: Shareholders can sell shares via RibanoM.
- Token Flexibility: Shareholders can send, exchange, or purchase tokens for different projects on RibanoM and Ribano.org.