So here is my question …. There are two houses in

Question

So here is my question …. There are two houses in

two suburbs which are worth EXACTLY the same amount of money. Both are “tokenised” for XRP and let’s say that each one is worth 1M XRP.

If one house is renovated and the other left to fall into disrepair their values change and they are no longer worth 1M XRP. One has increased and the other decreased.

How does their tokenised value reflect that?

#cryptocurrency #english #xrp

0

25.05.2023

10 ответов

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Matt 🇦🇺 Автор вопроса

🏦 David 🏪
When the two houses are tokenized for XRP, their i...

Wow. Thanks. That’s hugely helpful. 😘😘😘

0

25.05.2023

Matt 🇦🇺 Автор вопроса

🏦 David 🏪
When the two houses are tokenized for XRP, their i...

Maybe you could assist with a small clarification please if you don’t mind. If I “own” one of these houses and it is worth 1M XRP (at the point of valuation / tokenisation / purchase whichever has happened) would those XRP be “considered locked” in regards to circulating supply? By the way I understand it I would obviously “own” the asset (in this case the house) but that real world asset would need to be represented by something on the blockchain - maybe that’s a smart contract, maybe it is kind of an NFT or something, not sure - but I would have some “blockchain based thing” confirming my ownership in the same way as I would now have a record of ownership in some government database or land record. Right? Surely tokenising an asset needs to lock away a matching value in “something” blockchain based? Secondly - and lastly I promise you - as the value of the “transaction medium” in this case XRP changes my “value” must change too right? So I tokenise my house NOW for 1M XRP but the value of the house is still rooted in some “fair market value” which does not go up as XRP goes from 50c to $500. This means my 1M XRP tokenised house, when I go to sell it in the future and XRP is worth $500 (say for arguments sake) I would only get 1,000 XRP (ignoring any potential capital gain, etc or external forces at play). Is that right?

0

25.05.2023

Tinkabellagal never PMs! Scammers PM

Their value is assessed when they sell The tokenisation shows details about ownership etc I expect It won’t be xrp Propy etc maybe

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25.05.2023

Tinkabellagal never PMs! Scammers PM

Matt 🇦🇺
Maybe you could assist with a small clarification ...

Yes NFTs

0

25.05.2023

Samin K

Matt 🇦🇺
Maybe you could assist with a small clarification ...

How xrp can go frpom 50 cent to 500?? Do u have a brain??

0

25.05.2023

HK Bauhinea

Samin K
How xrp can go frpom 50 cent to 500?? Do u have a ...

Not possible

0

25.05.2023

Matt 🇦🇺 Автор вопроса

Samin K
How xrp can go frpom 50 cent to 500?? Do u have a ...

Maybe you should do some research as opposed to just typing the first thing which springs into your brain?

0

25.05.2023

R🦉

🏦 David 🏪
When the two houses are tokenized for XRP, their i...

Thankyou chatgpt

0

25.05.2023

Nicht Ok

R🦉
Thankyou chatgpt

🤣🤣🤣🤣

0

25.05.2023

🏦 David 🏪 · Accepted Answer

When the two houses are tokenized for XRP, their initial value is represented by 1 million XRP each. However, if one house is renovated and its value increases while the other house falls into disrepair and its value decreases, the tokenized values would no longer be the same. Tokenized assets, such as houses on the blockchain, can have their values adjusted based on market conditions or changes in the underlying asset. This can be done through various mechanisms, such as smart contracts or decentralized applications (dApps) that facilitate the tokenization process. If the renovated house's value increases, its tokenized value may be adjusted upwards to reflect the new market value. For example, if the renovated house is now worth 1.2 million XRP, the tokenized value of that house may be adjusted accordingly. Conversely, if the other house falls into disrepair and its value decreases, its tokenized value may be adjusted downwards. If the disrepaired house is now worth 800,000 XRP, the tokenized value would reflect this decrease. These adjustments in tokenized value can be facilitated by decentralized platforms or entities responsible for managing the tokenization process. They would evaluate the changes in the underlying asset's value and make the necessary adjustments to the tokenized representation. It's important to note that the exact mechanics and processes for adjusting tokenized values can vary depending on the specific platform, protocols, or mechanisms used for tokenization.

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