Monetization
Today we want to tell you what BRTR token can be used for and what you can pay with it on a sample of a barter agreement. For example, Maria wants to sell a painting belonging to the 18th century and is ready to exchange it for Ivan’s yacht. The meaning of barter is that both parties consider their assets to be equivalent in value.
The complexity of traditional barter deals lies in the different locations of the parties and their assets. Barter solves this problem and other difficulties. Description of the transaction process is presented below.
To place an application on smartplace, you need to tokenize real valuable assets and assign each of them a unique token (erc-721). Tokenization is a separate service at Barter — specialized lawyers / attorneys come and tokenize the asset. Tokenization is paid for by BRTR tokens.
Further, tokens (yacht and picture) are placed on the smartplace, but not by direct buyers / sellers, but agents (law firms, guarantors, banks, stock exchanges, or Barter’s legal department, if tokenization is passed through our platform).
Parties of an agreement find each other on the platform and decide to exchange their assets.
An automated legal contract is concluded between the parties, which will be stored in the Barter blockchain.
After the contracting, the ownership rights of tokens (tokenized assets) are replaced, which is duplicated in the registry, which shows the ownership data of real assets (integration with banks, property registers, real estate, etc.)
For convenience of delivery process, we can order concierge service — delivery of Barter items, for which you should pay additional payment in tokens. Moreover, for an additional fee, we can ensure the confidentiality of the transaction and its results recorded in the blockchain.
Thus, the BRTR token is an utility payment on the platform — it is used as a unit of account to execute a contract and increase confidentiality, as well as to pay for other Barter services.