Whitepaper & Project concept approval. Acquired 1st property for STAY Token holder accommodation.
Smart Contract development of the ERC-20-based token sale official website.
FEP plans to begin its Pre ICO sle on the 1st of May 2018
FEP will start the 1st stage of ICO sale on June 2018, followed by the 2nd stage of ICO sale.
First Property for Rental. FEP will have 1-2 villas ready, and complete the renovation work in Q2 2018, so upon the completion of ICO and tokens distribution, STAY Token holder can start to book the villa right away for their accommodation. It has already identified a property in Uluwatu, Bali. Such that STAY Token holder can redeem their tokens for accommodation immediately after ICO.
Various development and renovation work will commence once the properties are purchased and aim to start immediately after all related government approval is obtained.
FEP plans to add 2-3 villas to the portfolio every quarter until the initial phase of villa & hotel development as laid out in the project is completed. On a longer term basis, FEP will also uses its profits earned from operations to purchase more properties to add to the portfolio to cope with increasing demand.