100m (100%) of TN supply can now be collateralized in exchange for $7m worth of M2 assets.
The goal is to create a win/win/win outcome for Core devs who own 10m TN / ICO sellers who gain xx paper profit / Marquise $Museum who gains 5% conversion fee and distribution of the art to new collectors which will enable opportunity for gallery and Museum exhibitions and industry partnerships with proof of traction.
These are the conditions for system implementation:
1. Every 40 000 TurtleNetwork can be locked in core dev wallet if they agree to escrow user funds to increase trust, otherwise we use Marquise Company wallet:
https://explorer.turtlenetwork.eu/address/3Jrs9bWGupMeQUy1LmuHEMeUP6PJMBRZUub/txYou can transfer funds from today into this wallet. 40k TN = $3000/100k M2, 4m = $300 000 and so on up to $7m for 100m TN. Your M2 collateral is transfered back to sender wallet after TN is collected.. It is possible to trade in market also:
https://wallet.turtlenetwork.eu/dex?assetId2=5VYY1wjDgfzEpNFjTqpqz9sD9o2Bca8vSbB3pjgUDu9h&assetId1=TN2. If enough TN is locked into M2 collateral (100 000 M2 per 40 000 TN), I believe TurtleNetwork market cap will increase to 10 cents/$10m.
3. Users who collateralize TN can redeem M2 in exchange for ceramic panels priced in gallery at $3000/unit:
https://www.marquisemuseum.com/portfolio3b. Conversion limit is 1 panel per wallet per 6 months because this is subsidized entirely by the Museum
4. Wealthy TN owners can opt to redeem Viking $M1 Cryptobook for $30 000:
https://www.marquisemuseum.com/viking-m14b. There are 2 price versions of the book, both versions containing a large amount of precious metals: 1. 24k gold corner guards, 100 gram per book, $30k 2. Silver corner guards, $10k
5. All TN collateral will be leased and a share up to 50% of leasing income is used as market making liquidity into the following markets:
$TN/$WAVES
https://waves.exchange/trading/spot/TN_WAVES$TN/USDT
https://waves.exchange/trading/spot/TN_USDT$TN/$M2
https://wallet.turtlenetwork.eu/dex?assetId2=5VYY1wjDgfzEpNFjTqpqz9sD9o2Bca8vSbB3pjgUDu9h&assetId1=TN$M2/$WAVES
https://waves.exchange/trading/spot/BS1KFNR8zrXKBEWdUUvpaP6G57Hic3aESkwK7qQKdLpB_WAVES5b. It is believed that this system implementation will increase market cap of TurtleNetwork from $0.008 to $0.1. And there is buyside liquidity to sustain this price, and the new market cap of $10m is also backed by M2 tokenized assets which are real assets.
6. When TurtleNetwork cap is 10 cents or more, your TN collateral can be refunded against 5% fee. It can only be refunded in full if you did not opt to convert M2 into real assets for home delivery. Conversion requires KYC.
6b. This will enable paper profit of your TN stack of x10, and up to 50% of the 5% refund fee is reserved for liquidity according to 5. This means, that you will be able to actually realize some profit at this price because Marquise $Museum is providing liquidity here.
7. If price goes below 7 cents, it is more profitable to convert back into M2 because you always get $3k per 40k TN which beats any TN price below 7 cents with the downside that it is delivered in the form of product and not cash.
Let me know what you think about this idea on telegram or
contact@marquisemuseum.com8. Users who redeem M2 into panels or books will receive $Valhalla M1 validator issued at 100 BTC. These assets were designed for generational wealth creation and the goal is that there will be secondary market liquidity by 2055 to resell assets for x15 000 profit similar to Andy warhols art which gained x15 000 between 1960 > 1995.
https://waves.exchange/trading/spot/6eV27VoMrNNQv9qbXcK164RdXbmA5sCFCZUXZ1Ltkx4p_BTCHow is this $7 000 000 financed?
1. Production asset cost is lower than retail price
2. External company revenue is $1500/month
3. It is expected that only a minority of collateral traders will actually redeem
4. Most traders will convert back to TN when 10 cents
5. 5% fee is partially used to cover production cost
6. 50% of staking liquidity from a share of this 5% fee is converted into fiat to cover share of production cost
7. If TN implementation demonstrates demand and proof of traction, there can be VC or Private Equity interest
8. Conversion limit of 1 panel per 6 months per trader
9. If a trader locks 3m TN and want x1 Cryptobook for $30k, 300k is sold in brackets over 5 cents to cover cost, 300k is then removed from refund amount because it was redeemed into asset
Based on these variables, $7 000 000 lifetime value is compartmentalized into $1500 per month or less.
It is similar to fractional reserve banking, if everyone takes money out at same time, system collapses.
Everyone cannot convert into M1 assets all at once because there is not $7m to cover it.
