# Listing stage

### Preparation for Placement

#### Quality Audit

1. **Commercial Viability Assessment** ◦ Analyzing market potential and commercial value of the asset.
2. **Compliance and Regulatory Requirement Check** ◦ Confirming the asset's compliance with local and international regulatory standards.
3. **Technical Inspection** ◦ Conducting a technical inspection and assessment of the asset's condition, if applicable.
4. **Environmental Evaluation** ◦ Assessing the environmental aspects of the asset and potential risks.

#### Due Diligence

1. **Financial Analysis** ◦ Reviewing financial statements and the history of income and expenses of the asset.
2. **Legal Verification** ◦ Auditing legal documentation, including ownership evidence and tax history.
3. **Market Evaluation** ◦ Researching market value and investment attractiveness of the asset.
4. **Risk Assessment** ◦ Analyzing potential risks and ways to minimize them.

#### Deal Structuring

1. **Financial Model Development** ◦ Creating a model for financing and returns for investors.
2. **Tokenization Model Selection** ◦ Determining the most suitable tokenization model and token issuance structure.
3. **Contract Development** ◦ Drafting legal documents regulating relationships between all parties of the deal.
4. **Pricing Policy Establishment** ◦ Defining token pricing and purchase conditions.

#### Role Assignment

1. **Management Team Determination** ◦ Selecting individuals responsible for managing the project post-tokenization.
2. **Partners and Service Providers Selection** ◦ Appointing partners such as auditors, consultants, and technical specialists.
3. **Legal Advisor Appointment** ◦ Choosing a legal advisor to provide legal support for the project.
4. **Board of Directors Formation (if necessary)** ◦ Appointing a board of directors for strategic management of the SPV.

#### Setting up an SPV and Choosing Jurisdiction:

1. **Choosing the Right Jurisdiction**: Assessing and selecting a jurisdiction based on tax conditions, legislative stability, and ease of doing business.
2. **Developing the SPV Charter**: Preparing foundational documents, including the charter and incorporation agreement of the SPV, considering all necessary legal aspects of the chosen jurisdiction.
3. **SPV Registration**: The process of registering the SPV, including gathering necessary documents and coordinating with local registration authorities.
4. **Inaugural Meeting**: Holding the first inaugural meeting to appoint directors and approve key corporate decisions.
5. **Opening Bank Accounts**: Organizing banking and payment solutions for the SPV, including opening accounts and establishing financial flows.
6. **Compliance and Legal Support**: Establishing procedures for compliance with financial monitoring, anti-money laundering, and KYC (Know Your Customer) legislation.
7. **Structuring Ownership and Capital**: Formalizing the ownership and capital structure of the SPV, defining the rights and obligations of participants.
8. **Legal Address Confirmation**: Registering the legal address of the SPV, necessary for official correspondence and legal procedures.
9. **Licensing and Permits**: Obtaining all necessary licenses and permits required for the SPV's activities in the chosen jurisdiction.
10. **Integration with Restifi Platform**: Setting up integration of the SPV with the Restifi platform for asset management and interaction with investors.

#### Listing the Asset on the Platform:

1. **Preparing Information Package**: Creating a detailed information package of the asset, including description, photos, videos, analytical reports, and profitability forecasts.
2. **Due Diligence of Documentation**: Full verification of the asset's legal documentation to ensure legal integrity and transparency of information for potential investors.
3. **Compliance Control**: Ensuring the asset listing complies with regulatory requirements and Restifi platform standards.
4. **Pricing and Valuation**: Assessing the asset's value by experts to determine its market value and set the listing price.
5. **Setting Investment Terms**: Determining minimum and maximum investment thresholds, investment periods, and dividend payout conditions.
6. **Integration with Payment Systems**: Setting up reliable and secure payment gateways for receiving investments from investors.
7. **Creating Asset Presentation**: Developing presentation materials, including the investment proposal and presentations for investors.
8. **Asset Registration on the Platform**: Technically listing information about the asset on the Restifi platform for investor access.
9. **Opening the Project for Investment**: Launching the platform functionality allowing investors to start funding the project.
10. **Marketing Campaign**: Launching a marketing campaign to attract potential investors and increase awareness of the asset.
11. **Notifying Potential Investors**: Distributing information about the project to registered platform users and interested parties.
12. **Managing Questions and Answers**: Organizing the process of interacting with investors, including answering questions and providing additional information upon request.
13. **Conducting Webinars and Events**: Organizing webinars, conferences, and other events to showcase the asset and directly communicate with investors.
14. **Tracking and Analyzing Interest**: Monitoring activity on the project page and analyzing data on investor interest to optimize the marketing strategy.

#### Fundraising for the SPV:

1. **Determining Financing Structure**: Choosing between Simple Agreement for Future Tokens (SAFT), Tokenized Warrants (TW), or other financing instruments.
2. **Developing Investment Products**: Drafting terms for SAFT and TW, including duration, token pricing, and investor rights.
3. **Conducting a Fundraising Campaign**: Organizing a marketing campaign to attract investors to the project.
4. **Platform for Accepting Contributions**: Setting up an online platform for convenient investment transactions by participants.
5. **Investor Verification**: Verifying investor accreditation and compliance with participation requirements in funding.
6. **Document Signing**: Managing the process of electronic signing of investment agreements with investors.
7. **Debt Financing**: Organizing and structuring debt deals secured by tokens if necessary.
8. **Escrow Accounts (if needed)**: Creating escrow accounts to secure funds raised during the process.
9. **Capital Management**: Monitoring the inflow of funds and their distribution according to the deal terms.
10. **Legal Support**: Ensuring compliance with all necessary legal procedures during the fundraising process.
11. **Reporting and Transparency**: Providing investors with regular reports on the progress of fundraising and the project status.
12. **Payment Processing**: Integrating with payment systems to process incoming payments from investors.
13. **Closing Fundraising**: Determining the final date for fundraising and officially closing the project's financing.
14. **Post-Financing Support**: Offering support to investors after closing fundraising, including informational services and addressing potential questions.

#### Token Issuance:

1. **Contract Preparation**: Developing and testing smart contracts for token issuance in accordance with technical and legal requirements.
2. **Terms Approval**: Finalizing the terms of issuance, including the number of tokens, their nominal value, and the rights attached to the tokens.
3. **Security Audit**: Conducting an independent audit of the smart contracts to ensure security and the absence of vulnerabilities.
4. **Launch of Issuance**: Officially starting the token issuance process using smart contracts.
5. **Token Distribution**: Distributing tokens to investors in accordance with pre-determined investment conditions.
6. **Token Registration**: Recording all issued tokens and their owners in the blockchain for transparency and traceability.
7. **Investor Training**: Providing guides and instructions for investors on managing and using their tokens.
8. **Liquidity Support**: Organizing activities aimed at maintaining liquidity of the tokens post-issuance.
9. **Regulatory Compliance**: Ensuring that the issuance process complies with all applicable laws and regulations.
10. **Creating Reserves**: Establishing necessary reserves or funds to provide additional stability and insurance for the tokens.
11. **Post-Issuance Support**: Supporting investors after issuance, including assistance in managing tokens and addressing technical issues.

#### Dividend Distribution:

1. **Token Issuance**: The operation of issuing tokens, representing a share in the asset, is carried out after the fundraising is closed.
2. **Confirmation of Investor Shares**: Verifying and confirming each investor's share in the SPV for accurate token distribution.
3. **Token Distribution**: Direct distribution of tokens to investors through digital wallets or the Restifi platform.
4. **Transaction Documentation**: Recording all token distribution transactions in the blockchain for transparency and traceability.
5. **Investor Notification**: Notifying investors about the receipt of tokens and providing instructions for their further use or storage.
6. **Dividend Payout**: Transferring funds from the sale of the asset to the owner via SWIFT or another agreed-upon payment method.
7. **Reporting and Control**: Providing a complete report on the distribution of dividends for internal and external audits.
8. **Technical Support**: Offering technical support to investors in case of questions or issues with their tokens.
9. **Adaptation to Market Conditions**: Adjusting the dividend distribution policy based on market conditions and asset profitability.
10. **Investor Feedback Channels**: Creating channels for feedback from investors regarding dividend distribution issues.