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41  Alternate cryptocurrencies / Altcoin Discussion / Re: Shitcoins are apparently more important then real world value on: September 16, 2023, 12:33:30 AM
There is no bias with that OP and the mods have their right to assess whether it's for the tokens or the announcement of altcoins. I think what is important here is to prove your project that it is worth it and you're working hard on it rather than where it is being moved for its category in the section that you think didn't fit it. Well, if you want to make an appeal, the steps were already mentioned to you. But as I've said, you better work on it instead of being bothered about the section where it is moved by the mods.


The question here is not whether the moderator was right or wrong. The question is why this section has been set up like this.

The important thing for us right now is exposure, as we are trying to build a community and fundraise, and Bitcoin Talk has huge daily visitors.

I have been visiting Bitcoin Talk for years to check and get updated on new project announcements, and never have I clicked on the button that said ''Child Board / Tokens (Altcoins)'' after visiting the announcement page. As is apparent by the low number of views in that section, most other people do the same.

The most visited page on Bitcoin Talk is 'Announcement (Altcoins)'. It should be open for each project that is announcing, and if you do want ''Tokens (Altcoins)'' to be in a different section then put such a button on the main page along with the regular announcement.

Most people are here to learn about new projects. It is not wise or correct to put some projects in a corner where nobody can find them.
42  Alternate cryptocurrencies / Altcoin Discussion / Re: Shitcoins are apparently more important then real world value on: September 15, 2023, 06:04:23 PM
Hello everyone, I am the founder of AssetX, A project that aims to tokenize real world assets using blockchain technology. I believe that this is a revolutionary idea that can create a positive impact on the world by enabling more transparency, efficiency, and liquidity in the asset markets.

However, when I tried to share my project with you on Announcements (Altcoins), it was moved to Tokens (Altcoins) subcategory, I removed all details of the coin and just posted about my project, Which was then again moved immediately even though I did not mention any details about the coin. I contacted the moderator, but I did not receive any reply.

I am wondering why this happened. Is it because blockchain is only for meme and shitcoins? What about the projects that want to use this technology for good? Don’t they deserve more attention and support from the community?
Yeah it's a revolutonary idea, but how are you going to crack it when there are bunch of geniuses that have been working years on this to create suitable tech? Tech that isn't even ready yet. Generic ERC-20 token is not going to solve the regulatory issues, nor it would attract any serious players because you can front run those tokens.

Also Physical ownership rights won't transfer by moving some erc-20 tokens. There's no court in the world that would back up those pseudonymoys deals, Permissionless token is not a confirmation of legal ownership.

I see there are also bunch of stocks in your web page, on "create your own asset portfolio"

If you are just offering synthetic stocks to trade, there's nothing revolutionary about that. People have tried that for ages and it doesn't even serve any good purpose as you are not trading real stocks. Also CEXes got in trouble by doing that.

Yes the platform isnt perfect, the categories of assets we will offer is not finalized yet... But concept is solid and it will work I can promise you that.

I also agree a mere token transfer is not a comprehensive solution. That's why we're working on implementing mechanisms that ensure legal recognition and enforcement of ownership rights, it is very much possible. We have done our homework before venturing into this.

As far as serious players in the field, BlackRock the biggest asset management company in the world is very bullish on tokenization along with others, You should learn about this more.

I agree the project needs fine tuning but the vision is 100% achievable with the technologies available today.

Hello everyone, I am the founder of AssetX, A project that aims to tokenize real world assets using blockchain technology. I believe that this is a revolutionary idea that can create a positive impact on the world by enabling more transparency, efficiency, and liquidity in the asset markets.
This paragraph is responsible for moving your thread from Meta to altcoins discussion. You should just rise a question without introducing your project and I hope your thread will not moved and you will get appropriate answer too . Before blaming moderator kindly first check your post for any mistake.
Quote

However, when I tried to share my project with you on Announcements (Altcoins), it was moved to Tokens (Altcoins) subcategory, I removed all details of the coin and just posted about my project, Which was then again moved immediately even though I did not mention any details about the coin. I contacted the moderator, but I did not receive any reply.
Every ANN thread is placed to right spot. Moderator know well the right place of each ANN thread. You are working on own Blockchain or just like other projects? vv181 said right, your project is just a token like other and it's deserve to be place in only sub category.

I agree with you; Moderators might have done the right thing, but ask yourself, was it the right thing to do?

Ideally, the layout should be like this:

New tokens in the main section
and then
New coins (as new coins will not change the world; new projects and new use cases will).
Moving new projects into a subcategory just feels cheated.

I should just get back to working on my project, instead of arguing about improving this platform..

You keep following the same stuff, Satoshi is proud and its still 2010.

Cheers


 
43  Alternate cryptocurrencies / Altcoin Discussion / Re: Shitcoins are apparently more important then real world value on: September 15, 2023, 05:54:27 PM
We've had thousands of project founders come to the forum with promises but afterwards, things take a very different turn. No brainer with this one. No offense.

What was the last great thing that you have built? I would love to see one. If you have not, then you really have no right to make remarks on others' hard work.

If you are such a great, old user of this platform, why not improve it a little?

This world doesn't need another coin. It's already been developed; it's called Bitcoin.

The main announcement thread should be for new tokens (projects), and the sub-category should be Coins. I'm sure it has not been changed for ages
44  Alternate cryptocurrencies / Altcoin Discussion / Re: Shitcoins are apparently more important then real world value on: September 15, 2023, 05:16:59 PM
Here are the things.

Tokenizing real-world assets is not a brand new thing, other also creates it. So it is not revolutionary. Second, this thread also is on an improper board (Altcoin Discussion) and should be on Meta. Lastly, your thread does belong in the Token section, not on Announcements (Altcoins). Moderators have done the job. Please read the board description, and also, your project was not categorized as a coin, but a token. Would be absurd if you do not even understand that.

Ironically this thread was posted in Meta, It was moved here by a Moderator.

Regarding your point, I acknowledge that tokenizing real-world assets isn't a completely novel concept. However, the question remains: has it truly been executed effectively? I'm determined to achieve just that. Let's channel our efforts towards leveraging technology for the betterment of the world, rather than merely chasing the latest fad or trend. I believe you are currenty working with AI.

Whats absurd is that what is accepted in the project announcement section and what is not. I don't care if it was categorized as a token or a coin. If all those projects with no utility can be allowed to be noticed in the Main Announcement section, then mine should be as well. I don't need a lesson from you about the difference between a coin and a token
45  Alternate cryptocurrencies / Altcoin Discussion / Shitcoins are apparently more important then real world value on: September 15, 2023, 04:41:15 PM
Hello everyone, I am the founder of AssetX, A project that aims to tokenize real world assets using blockchain technology. I believe that this is a revolutionary idea that can create a positive impact on the world by enabling more transparency, efficiency, and liquidity in the asset markets.

However, when I tried to share my project with you on Announcements (Altcoins), it was moved to Tokens (Altcoins) subcategory, I removed all details of the token and just posted about my project, Which was then again moved immediately even though I did not mention any details about the token. I contacted the moderator, but I did not receive any reply.

I am wondering why this happened. Is it because blockchain is only for meme and shitcoins? What about the projects that want to use this technology for good? Don’t they deserve more attention and support from the community?

Our [ANN] https://bitcointalk.org/index.php?topic=5466874.0
46  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][$RWA][AssetX]🚀Next Generation Multi-Asset Exchange🚀 on: September 15, 2023, 01:39:12 PM
We are a team of three: I have previous experience in asset management and trading, while our two developers specialize in Web3 Development and Tokenization. Currently based in Bengaluru, often referred to as the Silicon Valley of India.
Feel free to explore my LinkedIn profile for further insights
https://www.linkedin.com/in/ashish-singh-chahar
47  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][$RWA] AssetX - Next Gen Multi-Asset Exchange on: September 15, 2023, 09:01:59 AM
reserved for announcements
48  Alternate cryptocurrencies / Tokens (Altcoins) / [ANN][$RWA] AssetX - Worlds First Tokenized Asset Exchange on: September 15, 2023, 08:59:48 AM


AssetX: The Future of Asset Markets

Website: www.assetx.network | Whitepaper: open

Invest in tokenized assets from around the world, such as art, real estate, sports and crypto




Introduction

In a world abundant with valuable assets, from select artworks to prime real estate, accessibility often proves challenging due to issues like illiquidity, exorbitant costs, and intricate ownership processes. Acquiring a masterpiece or investing in foreign properties may demand extensive resources, trusted intermediaries, and involve considerable documentation. This results in prolonged and costly transactions. These hurdles hinder the asset market's potential, perpetuating inefficiencies and inequalities.


What is AssetX?

AssetX is a revolutionary platform that grants users access to exclusive, carefully curated high-yield generating assets through the power of blockchain technology. With AssetX, individuals can partake in the benefits of asset ownership, including income generation, capital appreciation, and diversification, without the burdens of asset management and upkeep. The platform leverages smart contracts to create and oversee tokenized assets, ensuring compliance with regulatory standards.


Why AssetX?

AssetX addresses critical issues faced by investors in the traditional asset market:

Lowering Entry Barriers: AssetX allows users to buy and sell fractional ownership of high-yield assets with as little as $1, making investment opportunities more accessible.
Boosting Liquidity: The platform establishes a global marketplace, enabling users to trade tokenized assets 24/7 with minimal fees and swift settlement, mitigating the challenges of illiquidity.
Streamlining Transactions: By harnessing blockchain technology, AssetX eliminates intermediaries, paperwork, and bureaucracy, ensuring transparency, security, and immutability throughout the asset transaction process.
Enhancing Interoperability and Scalability: AssetX breaks free from the limitations of native blockchains, offering a more efficient and interconnected market for tokenized assets.


How does AssetX work?

AssetX consists of three main components:

Asset owners: These are the entities that own the real-world assets and want to tokenize them. Asset owners can use AssetX to create tokenized assets, set the terms and conditions of the token sale, and distribute the tokens to investors.
Asset investors: These are the users who want to invest in tokenized assets. Asset investors can use AssetX to browse and buy tokens that represent fractions of real-world assets. Asset investors can also sell their tokens on the secondary market or redeem them for the underlying asset (subject to availability and conditions).
Asset managers: These are the entities that manage and maintain the real-world assets on behalf of the asset owners and investors. Asset managers can use AssetX to monitor the performance of the assets, collect and distribute income from the assets, and handle any issues or disputes that may arise.


What is $RWA token?

$RWA is the native token of AssetX. It is an ERC-20 token that serves multiple purposes on the platform, such as:

Exclusive Access: RWA opens doors to a curated selection of high-yield generating assets that were once out of reach.
Fixed supply: RWA Token has a fixed total supply of 100 million tokens. No more tokens will be minted or burned in the future.
ERC-20 standard: RWA Token is an ERC-20 token that runs on the Ethereum blockchain. This means that it is compatible with most Ethereum wallets and decentralized applications (DApps).
Governance rights: RWA Token holders can participate in the governance of AssetX by voting on proposals and suggestions that affect the platform. Each RWA Token represents one vote.
Fee discounts: RWA Token holders can enjoy lower fees when using AssetX services, such as creating, listing, buying and selling asset-backed tokens. The fee discounts are proportional to the amount of RWA Tokens held by the user.
Staking rewards: RWA Token holders can stake their tokens on AssetX to earn passive income. The staking rewards are generated from a portion of the fees collected by the platform. The staking rewards are distributed to the stakers based on their stake ratio.


$RWA Distribution:

Presale: 20,000,000
Public sale: 9,700,000
Team and advisors: 14,550,000
Partnerships and ecosystem: 14,550,000
Staking pool: 19,400,000
Validators and oracles: 9,700,000
Reserve fund: 9,700,000
UNCX fees: 580,000
Total: 100,000,000


AssetX Roadmap

Q3 2023 - Research and Development, Idea Presentation, Initial Funding
In the third quarter of 2023, AssetX is fully focused on its research and development efforts. This phase is dedicated to refining our platform's concept, conducting in-depth market research, and presenting our innovative ideas to potential stakeholders. Additionally, we will seek initial funding to kickstart our project and lay the foundation for its development.
Q4 2023 - Traditional Crypto Trading Platform Launch, Add Reputed Asset Managers On Board
In the fourth quarter of 2023, AssetX will make its debut with the launch of a traditional crypto trading platform. This platform will serve as our entry point into the blockchain ecosystem and allow users to trade cryptocurrencies seamlessly. To enhance our credibility and attract investors, we will also onboard reputable asset managers who will oversee the initial assets on our platform. This step will set the stage for the next phase of our development.
Q1 2024 - Multi-Asset Marketplace with Asset Managers (AssetX Will Limit Trading Between Countries for Legal Purposes)
In the first quarter of 2024, AssetX will take a significant leap forward by transitioning into a multi-asset marketplace. Users will have the opportunity to trade not only cryptocurrencies but also tokenized real-world assets. Asset managers will play a crucial role in this phase, ensuring the secure and transparent operation of our platform. To navigate regulatory complexities, AssetX will implement trading restrictions between countries to comply with legal requirements.
Q2 2024 - Enhance Platform Features and User Experience
In the second quarter of 2024, AssetX will focus on enhancing platform features and improving the overall user experience. We understand the importance of continuous innovation, and during this phase, we will introduce new features and functionalities that cater to the evolving needs of our users. This could include advanced trading tools, improved user interfaces, and additional asset classes for tokenization.
Q3 2024 - Open to All Asset Owners
In the third quarter of 2024, AssetX will achieve a significant milestone by opening its doors to all asset owners. This means that individuals and entities holding various real-world assets, such as real estate, art, or commodities, can tokenize their assets on our platform. AssetX will provide a streamlined process for asset owners to create tokenized assets, set terms and conditions, and offer them to a global audience of potential investors. This step will mark a new era in asset investment, making it accessible to a broader range of participants.




Join us today and become part of the future of asset markets!

Twitter: AssetX_Network | Telegram: AssetX Network | Medium: AssetX Network | Reddit: AssetX Network




49  Alternate cryptocurrencies / Bounties (Altcoins) / Re: [PAUSED][AIRDROP][$RWA]🚀 A Real-World Asset Token with Multiple Benefits 🚀 on: September 15, 2023, 08:28:01 AM
List of final received responses

0xe7A9d4DedCCCCe1b4aD558c635C6D50663e97335
0xe7A9d4DedCCCCe1b4aD558c635C6D50663e97335
0xb91A23971cAbcE0dB9dbde18F554E47F8fF6F9F3
0xa721aabd94Ea009401B124EaD7CFB98295c4F91A
0xF37cAc44CecD2f18D58Eb29e2Bdf721E85D08991
0xDc12264FF771c8726EdE5D248F0673c8e5E8b859
0x7Ea523815E0e3DE21550f8b7f2E0d7C4129697ff
0x701888b4E64205aa2a9F10727FA68aD71bcEdF79
0x61B2E0bB6195DAD8839C9808E054316De725FDc1
0x499B9DD4542D639Cb1c32f5C5D59fE0bB9a24944
0x3fEf4C61422Ae8fBA2dcF4afAa60bf111a6375c2 
0x35FDCaAedd566847DA96026bCc53eD32556B5e03
0x26c4A51A1be632dbef19A8F954F5A5b9De632C00
0x24B1e7C14a35d2bC9322277a8165734Bc88c3797
0x0e57928A4c9cB031cd377D729ef5254722761349
0x0a80FA1FaF7D66279F1449200F5B733e7CC82807
0x61B2E0bB6195DAD8839C9808E054316De725FDc1
0xe7A9d4DedCCCCe1b4aD558c635C6D50663e97335
50  Alternate cryptocurrencies / Bounties (Altcoins) / Re: [AIRDROP][$RWA]🚀 A Real-World Asset Token with Multiple Benefits 🚀 on: September 14, 2023, 12:09:16 AM
PROJECT UPDATE:

We have minted our native token to fuel our cutting-edge platform and incentivize our community
$RWA 🚀
Explore it here: https://etherscan.io/token/0x7318afd58675780a1a15df7fc94caebc5c87835b
51  Alternate cryptocurrencies / Bounties (Altcoins) / Re: [AIRDROP][$RWA]🚀 A Real-World Asset Token with Multiple Benefits 🚀 on: September 10, 2023, 09:31:01 AM
Responses received earlier through other channels

0x499B9DD4542D639Cb1c32f5C5D59fE0bB9a24944
0x35FDCaAedd566847DA96026bCc53eD32556B5e03
0x3fEf4C61422Ae8fBA2dcF4afAa60bf111a6375c2
0xb91A23971cAbcE0dB9dbde18F554E47F8fF6F9F3
0x26c4A51A1be632dbef19A8F954F5A5b9De632C00

0x499B9DD4542D639Cb1c32f5C5D59fE0bB9a24944
Earliest Supporter of our Project:- 10,000 RWA Tokens Granted
52  Alternate cryptocurrencies / Bounties (Altcoins) / [PAUSED][AIRDROP][$RWA]🚀 A Real-World Asset Token with Multiple Benefits 🚀 on: September 09, 2023, 07:15:56 PM
Introducing [$RWA] -  Token that Bridges the Gap between Crypto and Real World


Official Website: Assetx.Network | Twitter: AssetX_Network |  Telegram: AssetX Network



[AssetX] - Tokenized Asset Exchange

AssetX is a platform that allows users to buy, sell, and trade tokenized assets that generate high yield returns. These assets include real estate, art, NFTs, and more. AssetX aims to democratize access to alternative investments and create a more efficient and transparent market.

[RWA] - The Utility Token of AssetX

RWA is the native token of AssetX that powers the ecosystem and provides various benefits to the users. RWA holders can enjoy lower fees, governance rights, staking rewards, and exclusive access to premium assets on the platform. RWA has a total supply of 100 million tokens and follows the ERC-20 standard Learn more.

Airdrop Announcement

We're thrilled to share some amazing news with you! In celebration of our incredible journey together, we're initiating a special $RWA Airdrop exclusively for our early supporters.

How to Join?

-Visit our website www.assetx.network and click on the airdrop button.
-Fill out the form with your details and wallet address.
-Join us on all social media channels (Twitter, Telegram, Facebook, etc.)
-Share your ETH wallet address down below in the comments

That’s it! You have successfully entered the airdrop campaign. We will distribute the tokens after the campaign ends on September 30, 2023. Don’t miss this opportunity to get your share of RWA tokens and join the AssetX community.
53  Economy / Services / Re: Blockchain developer looking for new projects on: July 21, 2023, 11:05:30 AM
We are working on a new tokenized real world asset exchange, you are welcome to join.. Message me directly..

I tried to send you a message but it said your settings blocked my message. Maybe you can try to message me first.

I tried messaging you but your profile also does not allow newbies to send you PMs. I have changed this setting in my profile, So you should be able to PM me now.

54  Economy / Services / Re: Blockchain developer looking for new projects on: June 20, 2023, 10:03:15 AM
We are working on a new tokenized real world asset exchange, you are welcome to join.. Message me directly..
55  Bitcoin / Project Development / Re: Crafting the best use case for NFTs on: May 14, 2023, 01:06:44 PM
Right, restricting the marketplace to just a few key/core assets at launch is great, and then you all expand later. If you're going to lock the ownership of an asset into an NFT, a car is actually probably the best place to start. Cars have titles (although I wouldn't know exactly how you'd go about digitizing that, but I'm sure it's possible), and those titles could be matched to the NFTs. If you want to attract the investor crowd, this seems like a great way to securitize classic, rare, and 'investment' type of cars, like antiques for trading.

Your input is greatly appreciated, and we fully support the idea of commencing with cars. The tokenization of vehicles with existing titles enables the securitization of esteemed collections, rare finds, and investment-worthy automobiles. Not only does this attract investors, but it also facilitates the trading of valuable antiques and other remarkable cars, fostering a vibrant marketplace.
56  Alternate cryptocurrencies / Altcoin Discussion / Asset-Backed NFTs vs. Digital Twin NFTs on: May 13, 2023, 03:48:36 PM

Hello fellow Bitcointalk community members!

I wanted to spark a serious discussion about the exciting world of non-fungible tokens (NFTs). Specifically, I would love to hear your thoughts on two prominent use cases: asset-backed NFTs and digital twin NFTs.

Asset-backed NFTs have gained significant traction, allowing individuals to own a digital representation of a physical asset. These NFTs can be tied to real-world items such as artwork, real estate, or even rare collectibles. The concept behind asset-backed NFTs revolves around offering verifiable ownership and enabling fractional ownership of high-value assets.

On the other hand, digital twin NFTs provide a unique opportunity to create a digital counterpart or representation of a physical object or entity. These NFTs offer the potential for enhanced virtual experiences, including simulations, virtual reality applications, and interactive digital replicas of objects or individuals.

Both asset-backed NFTs and digital twin NFTs have their merits and exciting possibilities. But which do you believe holds more promise and offers a better use case for the future? I invite you to share your insights, experiences, and opinions on this matter.

Please remember to keep the discussion respectful, constructive, and focused on the topic at hand. Let's leverage the collective knowledge and expertise of our community to explore the potential of these NFT use cases.

I'm excited to hear your perspectives! Let's dive into this thought-provoking conversation
57  Other / Off-topic / Re: Seeking Co-Founder on: May 11, 2023, 12:20:02 PM
Posting in off topics to look for co-founder not a right move, you could move it to project development board found by clicking on this link : https://bitcointalk.org/index.php?board=12.0
And btw, if you ever needed someone to shill, sockpuppet and deceive the unsuspected and unaware, let me know because those things are my expertise, Ok here are some examples of my past works which were killing *literary.

Here we go :

"Wow, cool pro"

So you might ask why is it incomplete?  Can you imagine how hard it is to shill for hundreds of garbage projects a day? One can get tired and forget to finish the sentence, though I guarantee that half sentence would also work greatly.

Here is another one :

NTFs are very pro

Or :

Looking forward to this,
Interesting,
I'm watching this! etc.

Don't take offence, I have been constantly saturated with ICOs for years, and now with NTFs which are the same as ICOs with a different looks and theme, so no matter how much such projects seem to be legit, I just treat them all the same.


*= lol.


Hey there,

I already have a post on the project development board where I've presented my initial idea..
https://bitcointalk.org/index.php?topic=5451014.0

Also thanks for your unique response! I can see you've mastered the art of one-liners and have a talent for being skeptical. Your expertise in shilling, sockpuppeting, and deceiving is truly admirable, although I must admit, those aren't exactly the qualities I'm seeking for my project.

But hey! we all have our preferences.. right??? While you may view all projects as the same, I'm here to revolutionize the NFT space with asset-backed tokens. If you ever decide to shift your perspective and explore the potential of creating something extraordinary, feel free to reach out.

Until then, keep perfecting those half-finished sentences and watching the NFT world from the sidelines.

Cheers,
Ashish
58  Other / Off-topic / Seeking Co-Founder on: May 10, 2023, 10:29:47 AM
Hello, Bitcointalk community!

I am excited to announce my latest project, which aims to revolutionize the world of non-fungible tokens (NFTs) by introducing asset-backed NFTs. As I embark on this journey, I am actively seeking a co-founder who shares my passion for blockchain technology and wants to be part of this groundbreaking venture.

What are Asset-Backed NFTs?

Asset-backed NFTs combine the power of blockchain technology with real-world assets, creating a new paradigm for digital ownership and value. By linking NFTs to tangible assets such as real estate, commodities, or rare collectibles, we unlock a realm of possibilities for investors and enthusiasts alike. These asset-backed NFTs offer a unique value proposition by providing intrinsic value and diversification within the blockchain ecosystem.

Who am I?

Allow me to introduce myself. My name is Ashish, and I have been an avid blockchain enthusiast and developer for several years. I have a deep understanding of the technology's potential and have been involved in various blockchain projects. Now, I am excited to embark on this new endeavor and create a project that pushes the boundaries of what NFTs can achieve.

What am I looking for?

I am seeking a like-minded co-founder to join me on this ambitious journey. The ideal candidate should possess the following qualities:

Passion for blockchain and NFTs: An understanding of the potential and impact of blockchain technology and a genuine interest in the NFT space.

Technical expertise: Proficiency in blockchain development, smart contracts, and decentralized applications (dApps). Experience in Solidity, Ethereum, or other relevant technologies is highly desirable.

Entrepreneurial mindset: A visionary with an entrepreneurial spirit, willing to take risks and explore uncharted territories. Experience in launching and scaling projects will be an asset.

Collaboration and teamwork: A strong collaborator who can work effectively within a team, bringing diverse skills and perspectives to the table.

What will you gain?

By joining this project as a co-founder, you will have the unique opportunity to:

Co-create and shape the future of asset-backed NFTs.
Work with cutting-edge blockchain technology and explore its potential applications.
Gain exposure to the vibrant blockchain community and network with industry leaders.
Participate in the strategic decision-making process, influencing the project's direction.
Share in the success of the project through equity and potential financial rewards.

How to get in touch?

If you are excited about the potential of asset-backed NFTs and believe you have the skills and mindset to be an invaluable co-founder, I would love to hear from you. Let's come together and build something extraordinary!

Ashish Singh Chahar
https://www.linkedin.com/in/ashish-singh-chahar/
https://twitter.com/chaharashish
59  Other / Archival / . on: May 07, 2023, 10:35:13 AM
.
60  Bitcoin / Project Development / Re: Crafting the best use case for NFTs on: May 06, 2023, 11:08:31 AM
Thank you for your feedback and concerns about our project using ABNFTs for real-world assets. We know there have been scams in the past, but we want to assure you that our project is not a scam. There is a need for a platform where users can display and own real world assets.

You all might know that you aren't scamming, but I think there is immense risk that your users who sell assets will scam. Even if you were to certify an asset in person, like a car for example, what's to stop the person from "double-spending" it? They sell the car on Craigslist and then sell the NFT as well. Then extrapolate that to practically any asset. I think it's just a very risky business model, billions of dollars go to whoever can successfully build this, but it has to be very difficult to make the system secure against scam sellers.  

Thank you for your feedback and for raising your concern about the possibility of double-spending. We completely understand your apprehension and would like to reassure you that our team is fully aware of the risks involved and is taking measures to ensure the security of our users' assets.

To prevent double-spending, we plan to require the legal transfer of ownership of the physical asset to the NFT itself. This means that the asset would be "locked" within the NFT and could not be sold or transferred independently without the NFT itself being sold or transferred. We believe that this would greatly mitigate the risk of double-spending and provide a more secure and reliable platform for asset-backed NFT trading.

Furthermore, we want to clarify that not all physical assets may be suitable for conversion into asset-backed NFTs. As you rightly pointed out, a car may not be the best example of an asset that can be securely tokenized. Therefore, we plan to focus on tokenizing valuable assets that generate consistent yields, such as real estate, fine art, and collectibles, among others.

Additionally, we plan to implement various measures to verify the authenticity of the assets being traded and ensure that they meet our certification standards. These measures may include in-person inspections, documentation checks, and other verification processes as necessary.

We appreciate your feedback and concern, and we hope that our response has helped to alleviate some of your worries. Please let us know if you have any further questions or suggestions. Thank you for your interest in Have.Exchange!
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