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Our Own NFT: Tiamonds

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What is Tokenization?

Tokenization is currently the trend in the business sector. It introduces a unique perspective to the generation, administration, and exchange of assets. Here we will talk about the advantages of adopting blockchain technology to produce asset-backed digital goods and how tokenization might aid in easing international transactions.

Tokenization refers to the act of transforming an asset into a digital token that can be readily exchanged and transferred over a blockchain network. Real estate, works of art, commodities, and even intangible assets like patents and trade secrets can all benefit from this.

The ability to establish fractional ownership of assets is a major advantage of tokenization. Investors can now buy a smaller stake in an asset rather than needing to buy the whole thing outright, making it more feasible for them to do so. Because of this, investors now have the chance to diversify their holdings and acquire access to assets that were previously unavailable to them.

Benefits of Tokenization

Tokenization also allows for the safe and efficient transfer of value on a worldwide scale. Due to its immutability and decentralized nature, blockchain technology can be trusted to record and verify transactions accurately and transparently. This eliminates the need for middlemen in international transactions, making them quicker, cheaper, and more secure.

In addition, tokenization expands both market liquidity and accessibility. Tokenizing assets and making them freely tradable on blockchain networks frees investors from the shackles of centralized exchanges. As a result, liquidity may improve, transaction times may shorten, and transaction costs may drop.

The capacity to implement smart contracts is a significant benefit of employing blockchain technology to generate asset-backed digital commodities. These contracts do not require any additional parties to carry out their terms and conditions. This could make it less likely that someone will try to steal your money, lower transaction costs, and speed up transactions.

Tokenization and blockchain technology provide several advantages for firms that need to generate, control, and move money around the world. Since tokenization allows fractional ownership, global transactions, liquidity, and market access, it could change the way we handle and send value in a big way.

What is Tiamonds?

Tiamonds an asset-backed NFT, is one such example of tokenization. It is making tokenization known and accessible through the opportunities of tokenized assets.

LCX is a regulated fintech company, registered as a compliant trusted technology service provider. While is conducting the token offering in accordance with the innovative Liechtenstein blockchain laws. 

LCX has also gained regulatory approval as a Physical Validator for the Tokenization of Assets. As a Physical Validator, LCX will be responsible for maintaining the integrity and security of the tokenized assets on the blockchain. This involves verifying the authenticity of the underlying assets and the physical safekeeping of the real-world assets.

The Tiamonds project includes two key elements: Tokenized Diamonds called Tiamonds and a deflationary cryptocurrency called TIA Token. 

They are non-fungible tokens (NFT) representing the ownership rights of real-world Diamonds. A diamond is the hardest material on Earth and has long been recognized for its beauty as a gemstone. Each Tiamond is receiving TIA Tokens as rewards over time through the “Own to Earn” model.

To purchase Tiamonds, users have to be verified on the LCX Exchange. They can simply go to the Tiamonds Marketplace and explore the assets available for sale. 

TIA Tokens

TIA Tokens are a community-driven, fair-launched DeFi Token connected to Tiamonds. These are a deflationary cryptocurrency with three simple functions that occur during every transaction: Reflection, Rebalancing, and Burn. 

The TIA Token is enabling a community-first approach and a vibrant, diverse community, which will actively guide the Tiamonds project in the future. This project is embracing a community-driven governance framework. Governance contribution and voting will focus on aspects for future tokenization and Tiamond releases to expand and develop the broader LCX ecosystem. 

LCX believes in the potential of tokenization, but we also see the barriers that need to be overcome to fully embrace blockchain technology for asset digitalization. 

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