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Issuer · 1:31 min

Valuation

The token price comes from an independent valuation, not from the issuer alone. A platform manager confirms the valuation, and it becomes the reference price of the token.

Narration in English, subtitles in your language. Recorded on the demo platform with demo data and the demo stablecoin tUSDC.

Who takes part

  • Asset manager of the platform
  • Issuer administrator

Steps

  1. The valuation queue shows each entry with its date, appraiser, property value and the resulting price per token.
  2. For later valuations the queue shows the change from the previous one, and the appraiser's report is one click away.
  3. The manager confirms the valuation. The author of a valuation cannot confirm it, and every decision goes to the action log.
  4. The issuer sees the valuation confirmed. The price of 50 USDC per token becomes the reference price.

Result

  • At tokenization the reference price is written to the asset registry on the blockchain.
  • The reference price anchors the price corridor of the secondary market. Later valuations update it, by at most 20% at a time.