PRODUCT PROTOCOL
What is PRODUCT PROTOCOL?
_Product Protocol is a opensource protocol for crowdfunding/crowdlending campaigns based on digital assets issuing, integration with all business processes, funds management and financial operations.
Product Protocol is focused on creating a platform that allows an entrepreneur to tokenize their assets and raise funds for scaling Companies on Product Protocol can scale further than ever before. A universal token for the tokenization of any assets allows you to instantly create a digital asset and a decentralized market will enable people from all over the world to purchase it.
Product Protocol Platform fast and smart tokenization engine:
Product Protocol Mission:
The Product Protocol mission to unite the worlds of real and digital assets with the world of blockchain technology through real sector economy tokenization.
We will create a decentralized marketplace based on the Product Protocol, which will allow enterprises to solve relevant problems and benefit from the application of blockchain technology today. Via creating value for business a process of financing innovative real asset tokenization development will be launched. This will popularize blockchain solutions in the real economy sector and will exponentially grow the demand from the real sector business for tokenization and its different application scenarios.
Product Protocol includes the stages of verification, digitalization, comprehensive criteria-based evaluation, asset status monitoring, asset ownership identification and asset tokenization. This approach will ensure the formation of a digital ecosystem for the real sector participants, which allows for trading tokenized assets.
Advantages and benefits of tokenization:
Tokenization is the process of transferring assets into the digital space. A token issued in conjunction with one or another asset becomes a new type of asset in the digital space.
Any asset class can be tokenized, liquid or otherwise: fiat money, securities, bonds, vehicles, equipment, real estate, etc.
Illiquid asset ownership tokenization has the same economic effect as securitization. This means that an illiquid asset transforms into a liquid one, which allows for raising funds on the open market.
Tokenization creates additional advantages and benefits in regards to digitalization:
• Decentralized asset information access separation system
• Separate ownership for different kinds of rights to assets
• Simplicity of sale and purchase of assets
• Inalterability of asset and related market participants data
• Data encryption and unauthorized access protection
• Flexible customization and automation of business logic via smart contracts. Storage, management and exchange of tokenized assets are decentralized processes in the blockchain network, making them available 24/7. Asset management systems built with the asset tokenization technology provide exponential asset efficient use growth, reduction of decision making time, risks and management expenses.
Liquidity:
Liquidity is a way to turn an asset into money by selling it quickly for its market price. Higher liquidity make asset buying/selling easier. Many studies suggest that low liquidity sometimes signifies asset undervaluation.
Higher liquidity reveals the value of an asset.
Selling an asset without certain characteristics in its description may be difficult, no matter its apparent high liquidity. For instance, a new consumer product if fully liquid as an asset, put it on an online store and it can be purchased by the end customer. But not all asset types, not even the most elementary consumer products have inherently truthful characteristics and are accessible for tokenization. The simplest example would be a used consumer product that at least requires a description of changes in its basic characteristics, and then you still have to convince the buyer that this description is true.
Which means the consumer has to verify these characteristics before deciding to purchase the product. This happens because this 'asset' was not initially digitized and its sale mechanics get more complicated in comparison with a similar brand new product.
This problem has given rise to various niche technological services, which help raise liquidity of products and increase trust between parties to the transaction. These services vary from simple bulletin boards to complex online services with risk insurance. This make an asset understandable to the market, which makes it much more liquid than it was initially. This is an example of how digitalization of assets gives them liquidity. Yet tokenization is different from digitalization, the latter simply generates a description of an asset, its consumer characteristics, photos, etc. Tokenization on the other hand does all this as well, but also adds a financial component - automatic smart contracts for transaction execution, automatic transaction commands, asset evaluation formulas, automatic input data validation, etc. One of the main incentives for tokenization is the presence of a theoretical deception in case of traditional digitalization. A digitized product may contain false data in its digital description. If we're talking about the cash flow of an asset, it is often difficult for the asse actual state of it, even when there is no deliberate fraud in the payment chain. Product Protocol is the proof of authenticity of an asset and its cash flow.
Tokensale:
FUNDS ALLOCATION:
30% - marketing and first tokenised products
35% - development and PP coin fund
10% - legal, salary, lawyers
10% - technology support
15% - team
CROWDSALE DETAILS:
1. 65 000 000 PPO - ICO
2. 15 000 000 PPO - team and associates
3. 15 000 000 PPO - platform support
4. 5 000 000 PPO - marketing and advisors
Roadmap :
Team :
To contact PRODUCT PROTOCOL visit our website: https://pprotocol.io/en
Whitepaper : https://d3ri2ictv4c1x9.cloudfront.net/PP_WP_e.pdf
Ann thread & Bounty: https://bitcointalk.org/index.php?topic=5113105
I invite you to join this Dedicated # Community HERE, as well as to follow they work on:
✅ Telegram Community: https://t.me/pprotocol
✅ Twitter: https://twitter.com/Pprotocolglobal
✅ Facebook: https://www.facebook.com/pprotocolio
✅ Medium: https://medium.com/@product.protocol
✅ Reddit: https://www.reddit.com/user/ProductProtocol
✅ Github: https://github.com/ProductProtocol
✅ Steem: https://steemit.com/@product.protocol
Bitcointalk username: sagoza
Bitcointalk link : https://bitcointalk.org/index.php?action=profile;u=2561466