Asset Creations on Ravencore needs Improvement for Users/Corp/Asset Managers ASAP
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To: Reddit 63,000 CoinHodlerz, Developers, RVNGUARD, HYPERMANRVN, Chris "Ravencoin Info" We have the ability to “Burn” so much RVN since we have 21,000,000,000 in circulation, creating Tokens/Assets should include more details about the assets created and any coin/token/asset on the Ravencoin blockchain should always have the current Market Value of the asset created. Endless possibilities in asset creations, corporations and asset managers love to see a solid “Asset” creation system on the block chain by having more "options" in asset creation. Options like “customized templates” for each company and firm, with full ability to enter your own information to be saved on the blockchain ledger. The same thing with a Hedge Fund company, everything on Ravencore must be customizable. Asset Managers should be in full charge in "engineering" the asset making it simple or complicated. Example 1 – Real Estate Asset Creation for $25,000,000 Mansion Let's take KELLER WILLIAMS Real Estate (Random pick), they have agreed to sign a deal with couples who have 50/50 ownership of the house, they wanted to have their Ownership Certificates on the Ravencoin blockchain. So KW has burnt 100,000 RVN @.05 cents creating 2 OC's . Now each certificate is worth $2500($5000)in total. That is added to their final bill of $25,005,000. Now in case if they get divorced and going through courts and all, each one of them will get 12.5MN, not so sure if the asset can be (destoryed/nullifiedor) or they can issue a new OC for the new buyer on the RVN coin network. The Asset of course has a MTM in RVN value which I will explain further. Now we can't burn 25MN worth of RVN (Although that would be nice), the rest of the money goes into wire transfer (SWIFT)/IBAN for the (SWIFT) banned countries will need this more than ever! Example 2 – Commodity Buying using Asset collateral to buy RX 6800 GPU from CT321 and AMD in addition to Asset continuous Mark to Market valuation for settlement and transfer. The only way to have a security is through a bank by issuing LC/LG. For Ravencoin Assets can be a collateral to "Show good will and intention" that you mean "Business"! The highlighted yellow lines are "inputs" in the "Create Assets" template. The collateral for this asset is going to be 2000 RVN coins and already agreed with the buyer, So I went ahead and "burnt" 2000 RVNs and created this asset. the buyer has sent me 20,000 Ravencoins, and I have sent him the GPU with FedEx and the Asset on the block chain. AMD has 1 GPU for a collateral of 500RVN or $25 which was also bought by someone at 24,500RVN coins. Of course AMD can charge more for collateral , the possibilities are endless. Mark to Market The Mark To Market is very important for all the firms/corporations and they always want to know how much is the asset worth! So let's say in the same example I sold the GPU for the buyer at 0.05, now after 1 month he calls me or writes me an email telling me that Raven is now 0.89 and he want's to return his GPU and get his Ravens backs. You can agree to that but he has to pay you 33,600 for you to accept the asset back along with the GPU Now it's possible for him to issue a new asset as well at 0.89 and it will cost him only 112.5 RVN to issue a collateral for $100 instead of 2000RVN 3- Creating Top 100 Assets Lists Creating a list for the biggest assets on Ravencoin chain is also a plus, that 25MN+ home is considered gigantic asset, we can create a list for the biggest and the most expensive burns (Some will burn RVN's for the show off like Escobar)…who knows O_0 Conclusion: If we are going to attract big firms, then we need to see a dynamic mercurial system that can be tailored as per their customers wishes or their own wishes. Naming an asset, putting a number for assets is just not enough. I don't know how the back end or how hard it's going to be for this to do, but if Ravencoin foundation can't do it, then I think it can be done on the T2, most of the changes are just "Cosmetics" but it should have serious impact. Anyway, I am happy even if this is not implemented, again I just did my part and this piece took me so much time, although it looks very simple. HODL submitted by /u/Cultural_Traffic_321 |
