The ProtecTHOR token is backed by a reserve vault that implements all real-estate investments as well as partial returns from container mining and internal trading. The planned ProtecTHOR Reserve Vault will be installed as of the end of February as a beta version of an invariable smart contract system for the verification of real assets and the additional revenues from the mining and trading operations.
So that the company and the token can grow together, the token receives a defined internal value before the IPO. This value applies in advance only to the internal eco-system! The investments in different segments of the real economy and the resulting equivalent, which is secured in the Reserve Vault comparable to a bank vault, will then be evenly distributed among the number of utility tokens in circulation.
From this point on, users will also be able to view real-time additions to assets in kind (similar to the tokenization principle1), utility revenues and operating data (goodwill, etc.) via algorithms in the underlying smart contract system. In this way, we ensure complete transparency at all times.
The ProtecTHOR token is an ERC-20 compliant token on the Ethereum Blockchain platform, and its Smart Contracts are self-executing; H. are activated as soon as programmed conditions are fulfilled in their source code. The terms and conditions of a smart contract can not be manipulated after programming, therefore, such a contract is also immutable. Since the utility token is backed up in the background by real assets and human intervention is limited, the project is already far superior to many digital currencies today.
Stable and efficient
In addition, ProjecTHOR will tightly program certain rules, such as compliance with certain percentages of vault earnings, which can not be changed once the Smart Contracts have been deployed in the Ethereum Blockchain.
The origin of the concept is based on the fact that most digital currencies are uncovered and highly volatile. The ProtecTHOR token, on the other hand, is intended to secure a sustainable, stable and efficient crypto-token based on the decentralized Ethereum Blockchain, and through clearly identifiable and real assets
The plan is therefore that each user in the first step for a new EQ token verified. This process activates the Tokenization of the A tokens and the booking of assets in the Reserve Vault in a ratio of 1: 1 according to a key-lock principle. In this automated process, the EQ token then replaces the former ERC20 token. The new token is KYC compliant after the transaction and complies with ERC-20 and ERC-1594 standards. In this case, KYC compliant means that investors must prove possession of the old utility token and thus their identity. Then they receive a 1: 1 refund in the form of the new EQ token. Refunding is automated in the back office of the respective user.
At the same time, all utility tokens that contributed to the activation should be "born" after the tokenization and emission of the equivalent number of EQ tokens. Burning in this context means the destruction and / or marking of PTX-A tokens. Important communications and updates regarding the ProtecTHOR Reserve Vault are regularly posted on our social media channels and through relevant media. Basics are always the current white paper, risk education and the general terms and conditions.
4Tokenized assets have the potential to take not only the crypto market but our entire financial system to a new level. The investment flexibility for real estate and other real assets would massively increase, enabling completely new forms of investment and financing. For investors, it is important to follow the development from the beginning in order to make smart investment decisions in good time. Source: Crypto Compass The First Digital Currency Market Share BTC Echo May 2018 Issue