Blockchain-based platform

AssetX is a blockchain-based platform that facilitates the tokenization of real-world assets, enabling fractional ownership and trading of these assets. Here's a detailed breakdown of how AssetX works

Tokenization of Assets: AssetX leverages blockchain technology to tokenize physical assets. Tokenization is the process of converting ownership rights of an asset into digital tokens. Each token represents a fractional ownership stake in the underlying asset. Asset owners, who possess real-world assets like real estate, artwork, or commodities, can utilize AssetX to create and tokenize these assets.

AssetX Platform: The AssetX platform serves as the user interface where asset owners can initiate the tokenization process. They define the parameters of the token, such as price, supply, and other terms. The platform also facilitates the listing of these asset-backed tokens. Asset investors can browse through available tokens and purchase them using the native utility token of the platform, RWA. RWA is the medium of exchange within the AssetX ecosystem and is used for transaction fees and rewards.

Decentralized Validation: To ensure the legitimacy and quality of the assets and tokens, AssetX employs a decentralized network of validators. These validators are independent third-party entities selected by asset owners and approved by the platform. Validators verify the existence, ownership, and quality of the real-world assets that are being tokenized. In return for their services, validators are rewarded with RWA tokens.

Real-time Data via Oracles: AssetX relies on a network of oracles to provide real-time data regarding asset prices and market conditions. Oracles are integrated with external sources like APIs, websites, and databases to gather and relay this crucial information. These oracles play a crucial role in maintaining transparency and accuracy within the platform. Like validators, oracles also receive RWA tokens as compensation for their services.