I followed, but it is confusing to me, how to buy their LAT coin. And I don't really understand how I can buy a part of a painting? In whose house, on whose wall would we hang it?
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I followed, but it is confusing to me, how to buy their LAT coin. And I don't really understand how I can buy a part of a painting? In whose house, on whose wall would we hang it?
Haha....I think you're joking....? It warrants more information though. So....you have your asset appraised, create a contract to get the liquid value of the asset from interested investors, and as with all smart contracts, all parties much do their thing to execute contract commands. These are legally binding contracts. You don't ever have to give your asset to anyone, you can keep it, and get the value from it. I know, sounds nuts, but it's very much what people already do with many things, only it opens the door for assets you previously had to give away to satisfy a lean on it. Anyone who has bought part of something that may gain value, like stocks, real estate, debts, high end jewelry, etc, gets paid back with interest or, depending on the contract, gets paid out for their percentage if the item sells or the item contract may pay out dividends or interest on set dates, or set percentage gains....really all up to the contract writer, which also means that crappy items won't get bought on bad terms....well they shouldn't that's all up to whoever buys, much like the coins we all buy.