
A primer on assets, securities and tokenization.
Why real estate, sports and gaming, entertainment and resources are best suited for tokenization.
Explore some of the legal implications of security and asset tokens and how to avoid problems
Practical considerations when placing a financial value on your token
After you download the PDF, copy one of the examples and edit it your own specifications, which we will use to insert into a smart contract in the next section
Setting up an account on MYEtherWallet provides you with a wallet and place to deploy your smart contract
Download a text editor and copy your smart contract template from the GitHub
Access free test Ethereum from the RopstenFaucet, you will need this for gas to launch your contract
David summarizes what your just learned and invites you to share your project idea in the Q & A
A description of what to have ready to start editing your smart contract
You will edit an off chain real estate contract as an example be fore inserting into a smart contract
Students will insert their off chain contract into and edit the first section of the smart contract
Here you will do the final edits of your smart contract
Have all your components ready for getting your byte-code
You will compile your source code from your new smart contract and extract byte-code
Now that you have your byte-code you will make some minor edits to have it ready for deploying on Ethereum
Get all your components ready to deploy
You will deploy your newly edited byte-code on the Ethereum block chain network
You will learn how to confirm your newly deployed contract
You will go through the steps to verify your newly deployed contract
You will go through each final step to ensure your token is properly launched
This is the moment of truth when you press the button to publish your new tokens on the block chain
Learn how to add your new custom tokens in your wallet for viewing
Some final considerations in best ways to use your new blockchain superpowers
With a security or asset token you can sell tokens backed by shares or assets in real estate and other real world assets including entertainment, sports, gaming and resource companies. You will be provided with example contracts of a rental property, film, sports team and a resource company that you can edit insert into our working smart contract template and deploy on the Ropsten Ethereum test network which you can then use the exact same steps to deploy your new security or asset token on the main Ethereum blockchain network.
I am an award winning educator, tech founder and CEO and have already successfully launched my own ICO. Over 115 different tokens have officially launched using this very same process already.
How it Works
Imagine that you have a four bedroom property . The property is valued at $1,000,000 you want to raise $400,000 to improve the property or purchase other properties. How can you do this quickly without much friction?
A Security or Asset Token is a method that converts rights to an asset into a digital token.
Tokenization can transform this property into 1,000,000 tokens.
Thus, each token represents a 0.0001% share of the underlying asset.
Finally, we issue the token on the Ethereum blockchain network, so that the tokens can be freely bought and sold directly from seller to buyer wallets, from a website or on different exchanges.
You will have a front row seat as I will take you through every step of the way creating your own Security of Asset Token as we launch "YourAssetToken" in real time together on the Ropsten Network from start to completion, using a single smart contract and My Ether Wallet .
I have found that this is the simplest way to set up a Security or Asset Token contract that is flexible for numerous uses and once you learn to do it once you can replicate it as many times as you want.
This will be UDEMY's first course on this subject.
In addition to showing you how to create your ethereum wallet, edit your smart contract and launch your very own security or asset token on the Ethereum blockchain, I will:
Provide a real world examples of "Off Chain Contracts " for real-estate, a film, a sports team and a resource company and show you how to edit it and insert it into your smart contract already coded and ready to be edited with your name, symbol, token price and other details.
Show you how to tokenize securities or assets, and value your tokens in relation to them.
Show you what proof of title is and all the legal considerations involved in simple terms without legal jargon.
With great power comes great responsibility, so please be cautious with your new blockchain superpowers. My hope is that you use this new knowledge for good as you will be empowered by the potential that this technology puts in your hands.
So join me as we create your Security or Asset Token smart contract then launch it on Ethereum Blockchain network.