The technical specifications of the system and its functionality are to provided in a
separate document, which is incorporated here by reference. Core components of the
Nousplatform technology are as follows:
System’s Components Interaction Scheme
Nousprotocol
The Nousprotocol has been published as an open source code and licensed under GNU
Lesser General Public License v3.0 Anyone can utilize the Nousprotocol to create a new fund. Initially, we propose to work
on the JavaScript programming language platform. We anticipate rolling out additional
popular programming languages.
Nous Smart Contract
The Nous Smart Contract protocol is also published as an open source code, and
licensed under GNU Lesser General Public License v3.0. The Nous smart contract is
anticipated to employ verification functions within the fund’s contract, such as:
verification of the asset ownership, records of balances of the investment portfolio,
identification of the fund managers, estimating the level of trust, adding third-party
escrow services and much more.
Smart Contract of the Fund
Our Smart Fund Contract was created and published dynamically by Nousprotocol. Its
main function will be managing the fund, such as equity participation, equity shares
acquisition and redemption, and distribution of tokens among investors.
Nous Wallet
The Nous Wallet is an open source code that is used to store Nous tokens. Any holder of
a Nous Wallet will be able to make a payment or invest Nous tokens in any of the funds
on the Nousplatform system.
Marketplace
Nousplatform is the system which allows for collaboration between investment funds
and their potential and existing investors. Nousplatform includes a personal back office,
statistical reporting, wallet function, and lists of funds and their ratings. For investors, the
Nousplatform is a turnkey solution for managing assets invested in
Nousplatform-registered funds.
Tokenization of Assets
Asset tokenization involves issuance of tokens that represent commodities, assets,
products or services provided by a company in order to operate in the blockchain
domain. Nousplatform seeks to provide the opportunity to any existing company to
tokenize its assets in order to raise capital, as well as to help promising startups raise
seed and growth capital.
Types of Tokens
In general, there are two types of tokens: security tokens and utility tokens. Security tokens are used by companies to raise money and are regulated by
government oversight. The company issuing security tokens must follow laws, rules and
regulations in order to be compliant. Security tokens are most easily compared to equity
stakes, similar to a company’s shares of stock.
Utility tokens, on the other hand, are not designed to be used for future developments
of the issuer’s products, goods or services. Rather, they can be used as a medium of
exchange for the existing products, goods or services.
Compliance for Tokenization System
For the purpose of assets tokenization for company “ABC, Inc.”, Nousplatform organizes
a specialized investment vehicle called Cyprus International Fund (CIF) and hires a
trusted, licensed and regulated company to manage CIF.
If ABC, Inc. desires to tokenize 30% of its existing assets, it would take the following
actions:
-Step one: CIF’s managing company creates new legal entity, that will issue tokens
(Token Issuing Entity, or TIE). 100% of TIE is held by the CIF.
-Step two: ABC, Inc. transfers thirty percent (30%) of its assets to TIE
-Step three: TIE then issues new tokens on Nousplatform. New tokens are sold to
investors as part of the sale offering. All new Nousplatform investors thereby
become passthrough shareholders of ABC, Inc. by virtue of holding tokens of CIF,
which owns 100% of TIE, which owns 30% of ABC, Inc.
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