While the blockchain is primarily being used for the exchange of liquid assets these days, it holds tremendous potential for tokenizing, controlling and transacting real world assets as well. While such attempts have already been made, these projects often fail when it comes to core issues such as
- Legal Enforceability
- Collateral Backing
What Is TrustToken?
Trust Token is an all new cryptocurrency that is designed to tokenize any asset into its very own coin. These tokens will then be used to represent a “fractional ownership” of the item, thereby allowing for better asset control and management. Some of the areas where such digitization will be made possible includes
- Buying and Renting of properties
- Procuring Timeshares as well as Bonds and Stocks.
- Digitizing currencies such as the Euro, USD and even assets such as Gold, Silver, Platinum etc.
TrustToken Smart Tokenization Contract Cryptocurrency Coin Benefits
As we have mentioned earlier, all of the tokenized assets are fully tradable through the use of a global liquid exchange. As a result of this, the value of the tokens can remain dynamic as time goes on.
One of the most underrated features of this platform is that it allows its users to earn revenue on the side. For example, if a person owns some of the royalties to their favorite song, he/she is entitled to a small bonus every time the song is used by a third party for commercial purposes.
Owing to the fact that Trust Token is completely decentralized, it is able to provide a high level of security to its customers. Not only that, it is also usable worldwide, and can be used to execute payments within a matter of minutes.
Why Choose TrustToken?
Some of the core features which really set this platform apart from other include:
Smart Contract Use:
The core system has been designed in a way such that it allows for beneficial ownership and control to be appointed to a particular individual though the use of a smart contract.
Another overlooked aspect of Trust Token is that it guarantees ownership recognition in way that is compliant with regulations set forth by different legal-financial institutions.
Through the use of its unique smart contracts, this platform is able to legally bind the fiduciary to follow the outlined agreement instructions. All of this is done via the use of civil and criminal law guidelines.
Proprietary Trust Protocol:
The platform uses its own protocol to regulates smart contracts and manage assets in a way such that third party auditing can be done easily.
Some of the names that are associated with this project include Stanford University, Futurism, Cooley, Premier Trust etc.
Who Is Behind TrustToken?
Rafael Cosman is the co-Founder and CTO of this venture. As per his LinkedIn profile, he is an avid blockchain enthusiast and has previously worked at companies such as:
- Google— machine learning expert.
- Kernel— consultant.
- StreetCode Academy— founder.
Similarly, Danny An is the CEO and co-Founder of this venture. He has been in the digital service sector for over 10 years now, and has also been associated with various high profile blockchain startups in the past.
How Do I Get On Board With TrustToken?
The ICO presale is about to commence in around a months time, so if users are interested, they can sign up for this sale by dropping their email-id on the landing page. In addition to this, users can also sign up for the weekly newsletter to stay updated with all of the latest happenings in this domain.
For any doubts or queries, customers can get in touch with company members either via email ([email protected]) or through Telegram, Twitter etc.