Stay.vip and Hotel (“STAY”) is a property portfolio owned by Far East Power Limited (“FEP”).
FEP was incorporated in Singapore as a real estate development company. Its core business is the
development and management of mixed-use communities and commercial lifestyle real estate projects
in Asia focusing primarily in Indonesia and other Southeast Asian countries.
The company prides itself for its strong team capabilities in real estate development and vision to
revolutionize how hotel properties are operated with blockchain and smart home technologies. With
these strong credentials, FEP is capable of identifying real estate projects with significant market
potentials and adding more value through redevelopment and/or renovation. Stay.vip and Hotel
Limited (“SVHL”) is a subsidiary of FEP and will be the legal entity responsible for selling STAY
tokens through this initial coin offering (“ICO”).
Some Unique Features
Unique focus on real estate development in Asia: Stay.vip focuses on developing real estate projects in
Asia, including mixed purposes, residential and commercial projects and providing accommodation and
related services to tourists. As the launch project of Stay.vip, it plans to upgrade a portfolio of luxury pool villas and hotels with smart home technologies in one of the world’s top travel destinations, Bali.
• Attractive token value: STAY tokens will be sold at a discount initially and Token Holders are
entitled to use a token for 1-night stay at STAY properties in the first year. The number of free
night stays for each token will increase by one night annually until each token is qualified for a
free consecutive 7-night stay.
• Improve hotel operations via blockchain: SVHL is leveraging blockchain in its operations to solve
some key pain points in hotel industry such as high cost of verification and multiple middlemen
for bookings. Through integrating its operations with blockchain technology, SVHL can manage
complex booking transactions in a simple way, collect customer information and protect data, and
grant physical and digital access controls in our properties enabled by smart home technologies.
• Strong team expertise and deep market knowledge: FEP’s and Stay.vip teams has extensive
experience in developing and managing properties. The team also has 10+ years of experience in the
entire property development value chain from feasibility and valuation studies, master planning,
landscape design and architecture, construction and property management in Asia.
• Excellent project pipeline: To support the technologies development and acquisition of villas
and hotels in Bali as its launch project, initial work on feasibility and valuation has begun. Given
the strong tourism growth, Stay.vip sees continued opportunities in at least the next 5-10 years in
other top tourist destinations in Asia.
|Website Stay.vip||Linkedin Stay.vip|
|Whitepaper Stay.vip||Telegram Stay.vip|
|NO Facebook Stay.vip||NO Slack Stay.vip|
|Twitter Stay.vip||Github Stay.vip|
STAY token holders will have a right to stay in its portfolio of luxury pool villas and hotels,
including all of its properties located in Bali and beyond.
The key features of STAY Tokens are:
1. 1 STAY token will give the token holder the right for 1 night of stay in a villa or hotel room
(up to limited number of people) throughout the year paying only service charge to cover for
maintenance and cleaning costs and surcharge of staying in villas or hotel room categories higher
than superior room. As these tokens are used as payment for accommodation, SVHL may burn
2. Service charge will be determined based on the rack rate of the villas and hotel rooms. For
example, we plan that in low season, the service charge is 10% of rack rate. While for high and
peak season, the service charge is 30% and 50% of rack rate respectively. The minimum service
charge is USD10 per night.
3. Tokens can be rented by token holders for non-token holders. This is a key feature as it allows
great flexibility for the token holders to use the tokens for themselves or for making booking for
4. Token holders can book accommodation 6 months and 3 months in advance for low season and
high and peak seasons respectively.
Key value propositions of this ICO presents valuable experience for travelers. Free Stays in all Far East Power Limited (FEP) portfolio villas and hotels equipped with quality Smart Home accommodation. Leverage Blockchain Technologies offered various services on site within FEP properties with Low Entry Commitment where STAY Token holders can rent Stay.vip villas & hotels on a lower rate prices.
Stay.vip token holders are entitled to stay for free in FEP properties by paying only the service charge. There is also a wide range of accommodation options available from a 3-star hotel to luxury pool villas to suit the needs of different travelers.
Quality Smart Home Accommodation
All FEP properties are equipped with the latest advanced smart home technologies.For example, travelers staying in these properties can experience smart home assistants, smart door lock, smart bidet toilet seats, advanced temperature control, smart mirror, sensor water tap, ultrasonic washing, etc.
Leverage Blockchain Technologies
Services offered on site within FEP properties can be paid for using cryptocurrencies. On-site services, car rental,room services and guided tours etc can all be paid via smart contracts subject to meeting local regulatory requirements. These are FEP commitments to support the blockchain community and future development.
Low Entry Commitment
STAY Token holders will most definitely benefit to stay and rent Stay.vip various accommodations, from the luxurious pool villas to a comfortable 3-Star Hotel on a lower rate prices.
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