Empowering
Hong Kong Startups
with Web3 Innovation
Building Hong Kong’s Future Through
Decentralized Contributions
Introduction
In today’s fast-paced market, many aspiring entrepreneurs in Hong Kong struggle to launch their ideas due to high startup costs and complicated investment channels. STT Passcard aims to bridge this gap by offering a transparent, NFT-based platform where anyone can contribute capital or expertise—and be rewarded fairly based on measurable outcomes. Through this model, STT Passcard not only addresses conventional funding barriers but also fosters collaborative growth within the Web3 ecosystem.
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Hong Kong’s Startup Funding Dilemma
Hong Kong has long been recognized as a global financial hub, yet early-stage entrepreneurs frequently face an uphill battle when seeking the funds needed to start new ventures. Traditional paths—such as bank loans, venture capital, or angel investors—often come with stringent requirements or equity arrangements that can be difficult for smaller, innovative projects to meet. The result? Promising business ideas remain unfunded, hindering local innovation and economic dynamism.
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The Web3 Solution: Fair Returns Through Contribution
STT Passcard tackles these obstacles using Web3 technology.
Rather than relying on conventional funders, STT Passcard:
1. Democratizes Fundraising
• Empowers individual backers and collaborative groups to invest directly through an NFT “ticket” system.
2. Rewards Actual Contributions
• Whether through capital or operational roles, each participant’s involvement is clearly recorded and fairly compensated based on real results.
3. Ensures Transparency
• Smart contracts on the blockchain manage all contributions and returns, reducing biases in profit distribution.
By merging the openness of Web3 with a contribution-driven reward model, STT Passcard offers a practical and equitable way for Hong Kong startups to secure crucial funding—while granting contributors a tangible stake in each venture’s success.
How STT Passcard Works: The “Nine-Grid”Model
STT Passcard is an NFT-based “ticket” that allows individuals to participate in new businesses through two primary avenues: capital funding and operational contributions.Holders—and those authorized by holders—receive returns based on verifiable outcomes.
I. First Six Grids: Capital andAuthorization
1. STT Passcard Authorization
• Holders can grant “investment authorization” to a third party (e.g., a friend or partner) to provide funding in their stead.
• Returns: Both the holder and the third party share in potential profits proportional to their contribution.
2. Rent
• Contributors help cover the rent for anew storefront, addressing a major upfront cost.
• Returns: A share of the venture’s earnings relative to the rental amount provided.
3. IP Licensing
• Funds the acquisition of brand orfranchise rights for the store.
• Returns: Investors share in the revenue once the licensed store is operational.
4. Renovation
• Supports the construction and design phase of the business location.
• Returns: Profit-sharing once the store opens and begins generating revenue.
5. Procurement
• Covers the cost of goods or equipment needed for the store.
• Returns: Tied to the store’s overall performance, reflecting the quality or discount of procured items.
6. Six-Month Operating Costs
• Ensures the store has sufficient capital for the first half-year of operations (staffing, marketing, daily expenses).
• Returns: Profit shares based on the store’s success within that time frame.
II. Final Three Grids: Operational Roles& Promotion
7. Promotion Ambassador (KOL)
• Focuses on marketing STT Passcard products (e.g., Golden Tickets, memberships) to boost sales and raise brand awareness.
• Measurable Outcomes: Number of Passcards sold, new user sign-ups, and conversion rates.
8. Store Operations Manager
• Oversees daily operations, including staffing, inventory, customer relations, and revenue growth.
• Measurable Outcomes: Sales figures, profit margins, customer feedback, and repeat business.
9. AI MALL Ecosystem Ambassador (KOL)
• Promotes the broader AI MALL ecosystem, encouraging new members, partners, and businesses to join.
• Measurable Outcomes: Number of new ventures introduced, event participation rates, and overall transaction volumes.
Contribution and Rewards
1. Contribution Value
• Participants accumulate contribution records based on capital input or operational performance.
• Each completed milestone or investment triggers a blockchain-recorded entry reflecting their contribution.
2. Return Mechanism
• ATT Tokens or direct profit shares are distributed according to each individual’s contribution record.
• Smart contracts enable automated, transparent payouts, minimizing the risk of subjective allocation or disputes.
Why STT Passcard?
1. Addresses Traditional Funding Barriers
• Avoids cumbersome listing procedures and reliance on large financial institutions, letting entrepreneurs secure capital with fewer obstacles.
2. Multiple Avenues of Participation
• Open to both capital investors and operational contributors, accommodating diverse skill sets and interests.
3. Straight forward Contribution Assessment
• Aligns each person’s return directly with actual input (funds, time, or expertise), making the system fair and simple to follow.
4. Flexible Authorization
• Passcard holders can authorize friends or partners to invest, expanding the overall funding pool and network of resources.
5. Web3 Transparency
• Every contribution and payout is recorded on the blockchain, ensuring a secure, tamper-resistant environment for all participants.
Conclusion
By directly addressing Hong Kong’s startup funding challenges—ranging from limited access to traditional capital to the complexity of profit-sharing arrangements—STT Passcard presents a clear, Web3-powered alternative. The nine-grid approach lays out distinct forms of contribution while tying them to tangible, measurable returns. This design allows both innovators and supporters to confidently collaborate on high-potential ideas, fostering an inclusive, effective funding ecosystem that empowers Hong Kong’s entrepreneurial spirit.
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