StarWORKS Global recently announced a new business initiative in which the company ventures into the world of tokenized real-world asset development to support a sustainable forest conservation program in Sumatra, Indonesia. StarWORKS will provide special tokens through which stakeholders can participate in the project, as well as a wallet app to manage these tokens. This initiative validates StarWORKS’ long-held philosophy that real-world asset (RWA) tokenization presents a host of opportunities to improve existing businesses and carry them to the forefront of innovation.

Company Background

StarWORKS Global Pte Ltd. is a Singaporean blockchain technology company headquartered in Bali, Indonesia, and has been successfully operating in the hospitality, tourism and entertainment sectors for over 20 years. StarWORKS has integrated blockchain and other cutting-edge technologies to develop a range of products and services with numerous features to revolutionize whole industries and create innovative solutions for today’s modern era.  Aside from that, the company also owns and operates several complementary businesses, such as restaurants, exclusive villa accommodations and nightclubs, and offers a variety of exclusive experiences, including virtual reality. The company has identified numerous opportunities for the application of blockchain technology in the business world and has continued to capitalize on them through the commercialization of products and services.

StarWORKS’ foundations are solid, with principals who are driven by a desire to develop and manage businesses in a variety of fields to connect with people and provide them with access to the newest technological innovations. StarWORKS’ mission is to act as a bridge between the real world and technology, addressing various issues in the industry through the creation of technology-powered products and services. The company also aims to create a more sustainable environment for the sector and to serve as a catalyst for the sector’s transformation into a more bright and sustainable future. StarWORKS has successfully established its position in the industry over the years and has received numerous awards, including the Best of the Best Award for Top 50 IDX Companies by Forbes Indonesia, as well as Travelers’ Choice and TripAdvisor’s Certificate of Excellence.

Ecosystem

The StarWORKS ecosystem is comprised of a variety of products, services and businesses that actively contribute to the growth and development of the blockchain world across multiple industries. It aims to expand community-based businesses and accelerate personal and business growth through the ecosystem that it creates.

1. StarCHAIN. StarCHAIN is StarWORKS’ proprietary blockchain technology that is being developed to power the StarToken series, which includes the STARX token (a utility token used within the StarWORKS ecosystem) and the STARXP token also known as StarPOINTS (the currency of the company’s rewards program). StarCHAIN is designed with many advantages, including lower gas fees and lower energy consumption. The StarCHAIN network can benefit not only StarWORKS but also businesses looking to join the ecosystem and capitalize on its opportunities for growth and expansion. With the integration of StarCHAIN, every transaction within the ecosystem will be managed and secured using smart contract technologies, making it far more efficient and less prone to error.
2. StarWALLET. StarWALLET is an all-in-one app for managing digital assets. StarWALLET has a variety of functionalities, including the ability to purchase STARX tokens, connect to the StarPOINTS rewards program, gain exclusive access to the StarIGT platform, help holders stay up to date with industry news via a curated browser linked to StarPEDIA, and allow holders to participate in a variety of exclusive offers. Powered by blockchain, the app also includes “scan and go” functionality for cash payment alternatives and incorporates features such as 2-factor authentication security into its system of wallets and connected devices to provide layered security.
3. StarPOINTS. StarPOINTS serves as StarWORKS’ rewards program and connects with a variety of business merchants to offer rewards on the blockchain. The rewards program is built into the StarWALLET app, making it easy for both merchants and users to manage and use. By becoming members, users will receive non-expiring reward points, exclusive events and giveaways, enticing promotions, and a closer connection to the StarWORKS ecosystem, all for free. The use of blockchain technology for StarPOINTS solves problems associated with managing and tracking reward programs, and gives businesses access to integrated cashless point-of-sale technology, allowing them to stand out in a competitive market.
4. StarMEX. Aside from a variety of digital products and services, StarWORKS also operates a very special money changer in the heart of Bali, Indonesia. Launched in 2021, StarMEX is an integrated money changer that allows people to exchange foreign currency and convert digital assets into fiat money. StarMEX’s professionals also manage the StarPOINTS rewards program and advise participating merchants on their technology requirements.
5. STARX tokens. STARX tokens are a revolutionary native currency within the StarWORKS ecosystem, introduced in 2019 to transform the hospitality, tourism and entertainment sectors. StarWORKS has minted over 1 billion STARX tokens, which are currently listed on the LATOKEN cryptocurrency asset exchange. The value of STARX tokens continues to rise as the StarWORKS ecosystem expands, with the sponsorship and support of the company. The token is designed to bridge the gap between the real and virtual worlds, allowing holders to access all the experiences of the StarWORKS ecosystem. The STARX token is a versatile tool providing added value and functionality to businesses, and can handle high transaction volumes with transparency and immutability, making it useful as a payment gateway or crowdfunding tool.
6. StarIGT. StarIGTs are StarWORKS’ income-generating tokens, an innovative response to the changing landscape of blockchain-based tokenization. StarWORKS’ tokenization platform provides a secure, transparent and efficient platform for both investors and asset owners, enabling businesses to convert real-world assets into digital tokens, and enabling users to acquire a variety of fractionalized assets that earn income in the form of STARXP tokens. StarIGTs can only be held and transacted through StarWALLET and can be purchased with STARX tokens.

StarWORKS is focusing on real-world asset tokenization

Many corporate giants around the world have begun to develop various tokenization initiatives, such as tokenized asset funds that provide daily yields to token holders using blockchain technology. Real-world asset tokenization is now being supported by regulatory frameworks all over the world, with many countries implementing favorable regulations and guidelines to encourage innovation and ensure investor protection. The demand for real-world asset tokenization continues to rise and is expected to reach nearly $5 billion by 2025.

This innovation represents a major shift in the financial sector, where traditional and digital finance are merging, creating new opportunities for investors and altering how people interact with traditional asset classes. The positive effects of real-world asset tokenization are driving StarWORKS to participate in the present and future of blockchain-based tokenization strategies. StarWORKS recognizes the potential of blockchain-powered asset tokenization to represent almost anything, including money, stocks, bonds, gold, real estate, the arts and more. This will lead to a more advanced and secure financial system, with safer, faster and more efficient alternatives to traditional payment methods.

Tokenization for a good cause

We face many issues and problems in the modern era, ranging from political to environmental concerns, among others. Forest conservation has become one of the world’s most compelling issues and has become a critical global priority for ensuring the planet’s ecological balance, biodiversity, and climate stability. Forests cover approximately 31% of the Earth’s surface and are home to an estimated 80% of terrestrial biodiversity, making them critical in providing ecosystem services, wildlife habitat, and human livelihoods. However, forests are under severe threat today due to deforestation, climate change, illegal logging, and human-caused exploitation. The world has approximately 4 billion hectares of forests, but forest degradation has resulted in a significant decline in forest cover, with an estimated 10 million hectares lost annually between 2015 and 2020.

Deforestation has far-reaching consequences for the environment and biodiversity.  As forests act as carbon sinks, they absorb and store carbon dioxide from the atmosphere in biomass and soil. Deforestation disrupts this process by releasing large amounts of stored carbon into the atmosphere, which contributes to greenhouse gas emissions and climate change. Forests also support a diverse range of species and habitat types, and deforestation causes habitat loss and fragmentation, putting many species at risk of extinction.

It goes without saying that the planet’s future must be protected at all costs. This is why forest conservation is a critical imperative that is required today. StarWORKS sees this as a major issue and is committed to addressing it through the use of cutting-edge technologies in which we specialize, such as real-world asset tokenization and blockchain. StarWORKS is currently bridging the technology and environmental fields by expanding into the forest conservation project to address the issue and preserve biodiversity in the Leuser ecosystem in Sumatra, Indonesia.

How will it work?

To support the project’s goals and its mission of conserving forests, StarWORKS will create a special blockchain-powered token to help with various conservation plans. These tokens, similar to STARX tokens, are developed with detailed tokenomics and policies intended to encourage community members to actively engage in conservation activities and represent a stake in the mission to promote sustainability. The tokens will be distributed to early supporters, project developers, and stakeholders to ensure a fair allocation that aligns with the project’s long-term objectives. The sale of the tokens later will provide capital for various initiatives, including conservation efforts for endangered animals in the conservation, community building, and more sustainable developments. As the project progresses, the value of tokens will rise, providing early benefits to participating in decision-making processes within the project and helping the company create a more sustainable future.

These tokens are innovative because no other rainforest tokenization project allows token holders to participate in an actively managed conservation, biodiversity, and sustainable forestry project. By becoming holders, people will automatically become part of a community filled with those who care about sustainability management and forest conservation and help the endangered animals and flora within the ecosystem.

The Bottom Line

In the end, this project exemplifies StarWORKS’ commitment to preserving bio diversity, protecting endangered animal species, and establishing a sustainable and secure haven for a more environmentally friendly future. The goal is to protect forests and biodiversity for future generations by implementing effective conservation strategies, promoting sustainable practices, and fostering international cooperation with the power of technology. Join us in our mission to preserve wild forests and promote sustainability through various technological advancements to have a long-term impact. Learn more about us here, follow our social media account, and check out our link tree to learn more about what we do, be a part of our communities, and become the first to know when the plan becomes a reality. By joining our communities, you can also have the chance to win exciting prizes while also staying up-to-date on our upcoming campaigns and developments.