amysteryremains (OP)
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September 16, 2023, 01:00:52 PM Last edit: September 17, 2023, 10:15:36 PM by amysteryremains |
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Hey Bitcoin Forum community, I'm thrilled to introduce you to AssetX, the world's first tokenized asset exchange that's set to revolutionize the way we interact with assets. As the founder, I'm excited to share this exclusive peek into what we believe is the future of asset markets. At AssetX, we're committed to providing our users with access to a carefully selected range of high-yield generating assets. We understand the importance of quality over quantity, which is why our platform is designed to showcase only the most promising opportunities. Our mission is clear: to create a seamless and secure environment for users to explore, invest, and trade in tokenized assets. By leveraging blockchain technology, we aim to eliminate traditional barriers and open up a world of possibilities for both seasoned investors and newcomers alike. Here's why AssetX is poised to make waves in the industry: Tokenized Assets: AssetX allows you to own fractions of high-value assets through tokenization. This means you can invest in real estate, fine art, rare collectibles, and more without the need for large capital outlays. Exclusivity: We're committed to offering only the most sought-after, carefully vetted assets on our platform. This ensures that every investment opportunity on AssetX has the potential for significant returns. High Yield Potential: Our team has worked tirelessly to identify assets with the highest yield potential. Whether you're a seasoned investor or just starting out, AssetX provides opportunities for everyone to grow their portfolio. Security and Transparency: At AssetX, security is our top priority. We employ the latest blockchain technology to ensure the safety of your investments. Additionally, our transparent reporting system gives you real-time insights into your holdings. Community-Driven: We value the input of our community members. Your feedback and suggestions play a vital role in shaping the future of AssetX. AssetX also has its own native token, $RWA, which serves as the key to an exclusive world of high-yield assets. $RWA holders can enjoy governance rights, fee discounts, and staking rewards. $RWA has a fixed supply of 100 million tokens, and it will be distributed through presale, public sale, team and advisors, partnerships and ecosystem, staking pool, validators and oracles. AssetX is currently in the research and development stage, and we are planning to launch our traditional crypto trading platform by Q4 2023. We will then introduce our multi-asset marketplace by Q1 2024, followed by enhanced features and user experience by Q2 2024. By Q3 2024, we aim to open our platform to all asset owners who want to tokenize their assets. We eagerly await your thoughts, reviews, and suggestions. Your valuable input will help us refine and improve AssetX to better serve our community. Warm regards, Ashish Singh Chahar Founder, AssetX - Worlds first tokenized asset exchange Website | Whitepaper | Twitter | Telegram | BitcoinTalk
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batang_bitcoin
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September 18, 2023, 11:27:18 PM |
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Hi founder, I'm thrilled to introduce you to AssetX, the world's first tokenized asset exchange that's set to revolutionize the way we interact with assets. As the founder, I'm excited to share this exclusive peek into what we believe is the future of asset markets.
Nothing against your optimism to what you're doing on this project and keep it up. But IMHO, if you have missed the early days of ICO/IEO, there have been projects like this so to claim that you're the first tokenized asset exchange, there have been others. I just can't name them because I have forgotten them since they were years ago. And with those projects, most of them have failed and I remember that there's one that have focused into real estate and tokenizing the shares that one can get. Since you have said about its potential to real estate and tokenizing fractions of it. I just don't get it because if I am an investor, aside from taking and owning a real land, I might just buy a REIT. And for the others you've mentioned like collectibles and arts, there have been the same platforms that are more popular than of yours. Of course it's understandable because you're just starting out so the real challenge is there.
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amysteryremains (OP)
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September 19, 2023, 12:20:20 AM Last edit: September 20, 2023, 06:53:10 AM by amysteryremains |
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Hi founder, Nothing against your optimism to what you're doing on this project and keep it up. But IMHO, if you have missed the early days of ICO/IEO, there have been projects like this so to claim that you're the first tokenized asset exchange, there have been others. I just can't name them because I have forgotten them since they were years ago. And with those projects, most of them have failed and I remember that there's one that have focused into real estate and tokenizing the shares that one can get. Since you have said about its potential to real estate and tokenizing fractions of it. I just don't get it because if I am an investor, aside from taking and owning a real land, I might just buy a REIT. And for the others you've mentioned like collectibles and arts, there have been the same platforms that are more popular than of yours. Of course it's understandable because you're just starting out so the real challenge is there.
Thank you for sharing your thoughts. Maybe we should rethink calling ourselves the "first tokenized asset exchange." I did a lot of research, but I couldn't find any similar platforms, so I thought we were the first ones to do this. People tried tokenization before during the initial ICO boom, but it didn't work out. Just because some folks were more focused on getting money than actually building the product doesn't mean the idea itself isn't good. Nowadays, tokenization is becoming popular again. The platforms you see today are all about turning different types of things into digital assets. Our platform is an exchange, so with all these others popping up, the world will need a reliable place to trade them. I want to bring all these different platforms together in one central place. This will make more assets available and trading easier. I agree that there are a lot of challenges, and this is a big job. But we're dedicated to working on it steadily and making progress. I think a project like this should happen. If we don't do it, someone else will. It's something that will happen eventually.
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joniboini
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September 20, 2023, 12:12:19 AM |
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So how does this relate to Bitcoin? As far as I can see your project is basically another attempt at tokenized asset exchanges that use altcoin to issue and trade the tokens. Is there any plan to use Bitcoin to secure the network or anything like that?
Personally, I've seen some projects trying to do the same thing and most of them have failed. Demand for tokenized assets is not good enough while the market risk is too high. For example, there is little to no guarantee that the user can even redeem the underlying asset if they own a lot of tokens. I don't think you can solve it by slapping Bitcoin in any part of your project.
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amysteryremains (OP)
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September 20, 2023, 07:31:03 AM Last edit: September 20, 2023, 08:20:27 AM by amysteryremains |
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So how does this relate to Bitcoin? As far as I can see your project is basically another attempt at tokenized asset exchanges that use altcoin to issue and trade the tokens. Is there any plan to use Bitcoin to secure the network or anything like that?
It doesn't relate to Bitcoin. AssetX is an exchange that facilitates the trading of both digital and traditional assets, with Bitcoin being just one of them. This industry, though it may appear old, is actually in its infancy and requires significant development. Most platforms you see today are Asset Tokenization Patforms focusing on tokenizing specific asset classes, we aspire to build an exchange where all asset classes can be traded securely. Our goal is to provide buyers with the assurance that these assets are tokenized by a trusted source. Personally, I've seen some projects trying to do the same thing and most of them have failed. Demand for tokenized assets is not good enough while the market risk is too high.
Yes, as with any other industry, the successful ones will be built on top of the lessons learned from the failed ventures. The demand for tokenization is expected to be a $16 trillion business opportunity by 2030. This represents a growth of more than 50,000% compared to $310 billion in 2022. So the industry has a large room for growth. there is little to no guarantee that the user can even redeem the underlying asset if they own a lot of tokens. I don't think you can solve it by slapping Bitcoin in any part of your project. Redeem" is a trendy word used by NFT projects. Tokenization aims to attract more everyday people who want to invest small amounts of money. It's about making assets available to regular folks that were hard to get before. In this setup, getting your hands on the actual assets might not make sense, especially if you only own a tiny piece of them. It's all about enjoying the benefits of owning assets, like making money from them, gaining from value appreciation, and spreading out your investments, without the hassle of managing and taking care of the assets.
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yhiaali3
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September 20, 2023, 09:44:44 AM |
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Tokenized Assets: AssetX allows you to own fractions of high-value assets through tokenization. This means you can invest in real estate, fine art, rare collectibles, and more without the need for large capital outlays.
The idea seems new and somewhat reasonable to me, but the biggest challenge is gaining trust. You have to gain trust first so that you can convince investors to buy those tokenized assets and hold them in a central platform. But my question is, how is this different from an NFT? Can you explain to me the difference between tokenized assets and NFT? Nowadays, tokenization is becoming popular again. The platforms you see today are all about turning different types of things into digital assets. Our platform is an exchange, so with all these others popping up, the world will need a reliable place to trade them. I want to bring all these different platforms together in one central place. This will make more assets available and trading easier.
You will not find many people who encourage centralization here, especially after the successive incidents of collapse, hacking, or fraud of centralized platforms, so we go back to saying again that the first challenge lies in gaining trust, so if you can turn it into a decentralized platform so that the tokenized assets remain in the users’ wallets to keep them safe. It may be more popular.
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amysteryremains (OP)
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September 20, 2023, 08:17:22 PM Last edit: October 08, 2023, 09:23:00 AM by amysteryremains |
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= The idea seems new and somewhat reasonable to me, but the biggest challenge is gaining trust. You have to gain trust first so that you can convince investors to buy those tokenized assets and hold them in a central platform. But my question is, how is this different from an NFT? Can you explain to me the difference between tokenized assets and NFT?
Yes, trust is really important when you're letting someone else handle your assets. Trust is something that grows over time as people get to know and rely on a company. Big companies like BlackRock have built this trust and manage a massive amount of money, over $9.42 trillion, which is more than four times the size of even the biggest company like Apple. (Apple actually makes products, while BlackRock doesn't create anything new but instead manages what others have already earned.) We're planning to put in the effort and keep working hard until people start taking us seriously. It will take time, but I'm confident that AssetX will gain that trust from people over time.. But my question is, how is this different from an NFT? Can you explain to me the difference between tokenized assets and NFT?
They basically are same, A digital representation of an asset that already exists in real world. But NFTs are non divisible.. they are good for claiming ownership rights for unique one of a kind assets.. But since the ownership can't be shared it is not economically feasible to tokenize them.. If a person has the capability to actually own the full asset he would wanna hold it in his hands, keep it somewhere where it can be shown off to people.. Instead of trusting a platform to hold it for them.. As a matter of fact this project was started for ABNFTs(Asset Backed NFTs) because I was angry at the developer's selling people useless NFTs knowing it has no value, I also presented this idea on Bitcoin talk but decided to pivot since it was not solving a real world problem. https://bitcointalk.org/index.php?topic=5451014.msg62185378#msg62185378Tokenization of real-world assets in the other hand is a concept that allows everyday retail investors to participate in an industry that was previously only accessible to large institutional investors, mainly because of the high costs involved.
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amysteryremains (OP)
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September 20, 2023, 08:19:45 PM |
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You will not find many people who encourage centralization here, especially after the successive incidents of collapse, hacking, or fraud of centralized platforms, so we go back to saying again that the first challenge lies in gaining trust, so if you can turn it into a decentralized platform so that the tokenized assets remain in the users’ wallets to keep them safe. It may be more popular.
I may have used the word in a wrong way, I used the word 'centralized' in a different context, intending to consolidate all tokenization platform into one centralized place. The project itself is decentralized, as I am a strong proponent of decentralization. Our utility token, $RWA, has a maximum supply of 100 million, and all of the tokens are time locked.. I firmly believe in DAO and its importance in creating a more fair and transparent financial ecosystem
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batang_bitcoin
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September 20, 2023, 10:39:31 PM |
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Hi founder, Nothing against your optimism to what you're doing on this project and keep it up. But IMHO, if you have missed the early days of ICO/IEO, there have been projects like this so to claim that you're the first tokenized asset exchange, there have been others. I just can't name them because I have forgotten them since they were years ago. And with those projects, most of them have failed and I remember that there's one that have focused into real estate and tokenizing the shares that one can get. Since you have said about its potential to real estate and tokenizing fractions of it. I just don't get it because if I am an investor, aside from taking and owning a real land, I might just buy a REIT. And for the others you've mentioned like collectibles and arts, there have been the same platforms that are more popular than of yours. Of course it's understandable because you're just starting out so the real challenge is there.
Thank you for sharing your thoughts. Maybe we should rethink calling ourselves the "first tokenized asset exchange." I did a lot of research, but I couldn't find any similar platforms, so I thought we were the first ones to do this. People tried tokenization before during the initial ICO boom, but it didn't work out. Just because some folks were more focused on getting money than actually building the product doesn't mean the idea itself isn't good. Nowadays, tokenization is becoming popular again. The platforms you see today are all about turning different types of things into digital assets. Our platform is an exchange, so with all these others popping up, the world will need a reliable place to trade them. I want to bring all these different platforms together in one central place. This will make more assets available and trading easier. NP. If you can't find those similar platforms it's probably because they were gone already as it was during the time when the boom of ICO, tons of them have been made but found no success. Maybe this time it will work and it will depend on how encouraged you are to do it and will tirelessly going to work for it. I agree that there are a lot of challenges, and this is a big job. But we're dedicated to working on it steadily and making progress. I think a project like this should happen. If we don't do it, someone else will. It's something that will happen eventually.
For now, it's truly hard and you guys are believing on what you do and that's the challenge to let the world show what you're working on and why your project is needed. Good luck.
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Rent this sig space so that BTC goes to $100k.
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joniboini
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September 21, 2023, 12:48:23 AM |
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It doesn't relate to Bitcoin. AssetX is an exchange that facilitates the trading of both digital and traditional assets, with Bitcoin being just one of them. This industry, though it may appear old, is actually in its infancy and requires significant development.
If that's the case, maybe you should move or make a new thread on Service Announcement or Service Discussion, depending on what you want to do with your thread. Judging from how you manage this thread, it seems like making a thread on Service Discussion is better. If you want to focus on talking about your token, then the Altcoin board is probably another option.
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| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
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digaran
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September 24, 2023, 06:41:49 AM |
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So I was wondering if it is possible to tokenize my assets, I have a few cutting edge tech python scripts, literally groundbreaking and earth shattering ultimate elliptic curve hack tools.
I don't know how I came up with the sentences above, I'm just so excited, how can I tokenize them? Also, do you offer bounties 🤑, airdrops, depth charges( this one instead of coming from air, comes in deep waters) etc? Do you need any shilling for your project? Let me provide my entire 7 years resume, here it goes : ------Begin resume block------ Cool project! ------End of resume block------ There are also more desperate shills than me, they even accept to get never paid by ICO tokens which usually never see inside of an exchange wallet. Not saying your token is like that, just saying though. When it comes to ICOs, tokens, ordinals, fake DEX etc, I'm like that person who had been gang banged by 999 people, when the 1000th person comes to join the party, it really doesn't hurt that person any more, because that person has been saturated by 999 dicks, what is one more?
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digaran
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September 24, 2023, 05:51:15 PM |
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Check out the bad comments this person gets on other projects too. He said similar things on my other posts too.
These kinds of people should be banned from bitcointalk to keep things moving forward
What things? You mean a "regulated" ICOed exchange? Don't we already have thousands of them? Isn't this a bitcoin forum, with decentralization at it's core? When you launch your platform, can sanctioned countries use your exchange or not? If not then it doesn't belong here, you should ask for feedback elsewhere. I can think of a decentralized regulated exchange where you could only trade crypto, to my surprise when I went there, they blocked my access. Because according to US regulation laws, I was banned from using that "DEX". However when I used a VPN, I was automatically unbanned. See what a garbage regulation is? Share your insights, everyone! Negative feedback is just as welcome as positive! I thought you welcomed negative feedback? Your quote from other thread : "What are the best practices and standards for tokenizing assets and ensuring their compliance with regulations?" If you are decentralized, why do you need to comply with regulations?
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amysteryremains (OP)
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September 24, 2023, 07:08:34 PM Last edit: September 24, 2023, 07:25:39 PM by amysteryremains |
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can sanctioned countries use your exchange or not? If not then it doesn't belong here
Regulations are still unclear for the digitization property rights, It will be regulated everywhere in the world soon.. We should begin in a small number of places first, then we can grow and spread out from there. Platform is a DAO, It will be owned by the people so we do belong here. If you are decentralized, why do you need to comply with regulations?
My goal is to digitize property rights for everyone (So all can benefit from price appreciation and more). This is not the same in every country, and some countries have no property rights at all. We need to digitize both the buyer and the seller (and their property) if we want to have digital property rights . If we hide who we are, we can’t be sure who the seller is (or what they are selling). This kind of model will never succeed.
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moneystery
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September 25, 2023, 07:59:24 AM Merited by fillippone (1) |
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the concept you are offering is not a new concept in the crypto world, as far as i remember there are several similar platforms that offer the concept of asset tokenization like this and use the dao system. but the problem is that most of these platforms are just ideas without real implementation and end up being scams. no matter how confident they are in the system they have built, they are not sure that the system they have can be implemented because asset tokenization is quite complex and the regulations in each country are a challenge and it is not commensurate with their profits.
didn't mean to discredit you, but i am quite skeptical that your platform will have competitive value, unless you have real proof that your platform is already running and has been implemented, but if it isn't running, i believe that this platform will end up the same as other platforms.
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amysteryremains (OP)
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September 25, 2023, 11:10:09 AM |
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the concept you are offering is not a new concept in the crypto world, as far as i remember there are several similar platforms that offer the concept of asset tokenization like this and use the dao system. but the problem is that most of these platforms are just ideas without real implementation and end up being scams. no matter how confident they are in the system they have built, they are not sure that the system they have can be implemented because asset tokenization is quite complex and the regulations in each country are a challenge and it is not commensurate with their profits.
didn't mean to discredit you, but i am quite skeptical that your platform will have competitive value, unless you have real proof that your platform is already running and has been implemented, but if it isn't running, i believe that this platform will end up the same as other platforms.
Yes, there are many tokenization platforms, but there is no exchange to trade them. We aim to bring them to one place. We want to build a platform where users can be assured that each asset listed on exchange is properly vetted and Tokenized.. Of course, it is not a new idea. It has been there since the inception of Bitcoin. But this time it's different. There are evolving laws now and a renewed interest in tokenization. The platform is still in development. We're currently working on building an MVP. I appreciate your caution, but creating something like AssetX is essential, and we're committed to doing it soon. We're not preoccupied with what others may have fallen short of achieving. We're approaching this with a fresh perspective, determined to construct this remarkable platform from first principles
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joniboini
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September 26, 2023, 01:56:17 AM |
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Platform is a DAO, It will be owned by the people so we do belong here. -snip- If we hide who we are, we can’t be sure who the seller is (or what they are selling). This kind of model will never succeed.
How does the DAO model work though? How would you manage the data from the people that use your platform? Will the 'owner' have access to it, or if not, how far can they affect your project? Do they also have a say on what regulation the platform needs to follow? It sounds a bit contradictory when you want to follow regulations but claim your platform is decentralized by nature.
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| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
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amysteryremains (OP)
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September 27, 2023, 07:12:59 AM Last edit: September 30, 2023, 09:38:32 AM by amysteryremains |
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Platform is a DAO, It will be owned by the people so we do belong here. -snip- If we hide who we are, we can’t be sure who the seller is (or what they are selling). This kind of model will never succeed.
How does the DAO model work though? How would you manage the data from the people that use your platform? Will the 'owner' have access to it, or if not, how far can they affect your project? Do they also have a say on what regulation the platform needs to follow? It sounds a bit contradictory when you want to follow regulations but claim your platform is decentralized by nature. The DAO (Decentralized Autonomous Organization) model means that decisions about AssetX are made by the community, not just one central authority. This includes things like platform rules, updates, Assets / Asset Classes allowed to be traded on the platform and even how funds are managed. The community, including $RWA token holders, can discuss and vote on proposals related to regulations. As for user data, the AssetX platform will never have access to personal information or the rights to assets being traded on the platform. Real-world assets cannot be legally traded without complying with KYC/AML and similar laws, and I believe there will always be such regulations in the future. They exist to ensure our sanity. Hence we aim to comply with all applicable laws to ensure a safe and secure environment. It's important to strike a balance between decentralization and compliance.
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ebookshelves
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October 27, 2023, 08:52:24 PM |
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If I may understand you right OP, is this like an hybrid exchange? Where both cryptocurrencies and physical assets such as gold and silver will be traded simultaneously? And in a decentralized manner? I want to get it straight, what assets list are included in this idea of assets tokenization.
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amysteryremains (OP)
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October 28, 2023, 12:24:24 AM Last edit: October 28, 2023, 01:14:36 AM by amysteryremains |
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If I may understand you right OP, is this like an hybrid exchange? Where both cryptocurrencies and physical assets such as gold and silver will be traded simultaneously? And in a decentralized manner? I want to get it straight, what assets list are included in this idea of assets tokenization.
Yes, it is a hybrid exchange where you can trade traditional assets alongside digital assets. We plan to launch a traditional crypto exchange by the end of the fourth quarter and afterwards keep on incorporating tokenized assets from real estate, finance, and other sectors. Yes, we plan to make the project completely decentralized, Any suggestions or support from the community are highly appreciated.
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ebookshelves
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November 07, 2023, 04:38:27 PM |
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Yes, it is a hybrid exchange where you can trade traditional assets alongside digital assets. We plan to launch a traditional crypto exchange by the end of the fourth quarter and afterwards keep on incorporating tokenized assets from real estate, finance, and other sectors.
Yes, we plan to make the project completely decentralized, Any suggestions or support from the community are highly appreciated.
Okay, sounds great. BTW I sent a personal message to your Twitter for over a week now, try and take a look. I look forward to building with you!
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