AssetBase (PDT)

AssetBase allows for individuals and businesses to put assets of all kinds on the blockchain through its Proof Of Secure Asset Protocol. Anyone can come to AssetBase and tokenize buildings, cars, houses, skyscrapers, precious metal and more even projects can be tokenized allowing for true peer-to-peer investing.

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Whitepaper

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What is AssetBase

The Next Generation Fully Redeemable Precious Metal Crypto Coins

AssetBase has developed a new innovated way for precious metal ownership on the blockchain. AssetBase has five different Precious Metal Backed crypto currencies. Every coin is redeemable in pure physical metal. Assetbase has a network of vaults and partners. So if you choose to redeem, you can have your metal shipped to you easily and quickly.

AssetBase Verified Asset Coins

AssetBase is developing the Proof of Secure Asset Protocol. If you need money to invest in your business, you can digitize assets you already own to raise funding. AssetBase will provide the peer to peer funding platform and a unique certification protocol so that your assets are verified, secure and insured for both you and the investors. With thousands of crypto coins out there, knowing your crypto coins are AssetBase Verified is important. Assetbase is on the forefront of blockchain technology that opens the door to this untapped multi trillion dollar ecosystem with no current competitors in this field.

AssetBase Verified PROOF of SECURE ASSET PROTOCOL (PAS Certified)

PROOF OF SECURE ASSET PROTCOL WILL EMPOWER PEOPLE TO SAFELY TOKENIZE THEIR ASSETS ON THE BLOCKCHAIN

Problem:

Currently there is no legal link between the tokens on the blockchain and physical assets.

Legal ownership of physical assets on the blockchain are not realistic due to :

Antiquated law that have been in place for thousands of years and will not be changed in the near future. Different jurisdictions and countries have many different laws as pertains to ownership and owner rights. So while you may have a wonderful token or smart contract that represents ownership of a physical property, there is no way to legally enforce that ownership. So you as a token holder are at the mercy of the asset holder (legal owner) to fulfill the smart contracts obligations. In other words, if the legal owner wants to sell the asset your tokens are worthless. So while there is currently no solution to this problem, if those that believe normal people should hold this power, don't come up with a solution, it will be solved by the large corporate banks, they will assuredly use the same archaic laws to their own benefit and create their digital currency and loan it in the same manner as they do now.

Asset base has a solution that will keep the power and value of the cryptocurrencies with the people.

AssetBase PAP Certified!

Step 2 *Verify

AssetBase through a network of Legal professionals and entrepreneurs in most countries and jurisdictions will provide a professional evaluation of the asset with a verification of the following information and risk assessment.

Title search to verify ownership and free title

Appraisal value

a legal contract that will be valid in that jurisdiction

Secure the asset, by either encumbering the title, to secure the asset or take custody of the asset (for vaulted assets)

the asset is insured and AssetBase or a proxy is down as a beneficiary.

Risk assessment for asset provider, asset location market etc..

AssetBase will post the results and certifications of the assets

AssetBase will then create a smart contract based on the legal contracts information

The amount of token for the coin sale will be generated for investors as well as separate coins for the asset owner.

The owner's assets will be locked, until the contract is fulfilled, to insure token holders capital

Peer to peer lending usage, if the contract or payment is in default the council will be notified and meet on a proposal. If no remedy can be reached, the asset will be liquidated and the capitol will be returned to the investor's coins first, then the remaining revenue from the sale will be returned to the asset owner's coins

Certifies asset ownership, value, encumbers and issues tokens. A legal as well as a token based contract will enforce the obligations of the contract, insuring token value and terms.