Appendix
Glossary of Terms
Welcome to the Polytrade Marketplace! To help you understand our platform better, here’s a glossary of key terms and concepts:
1. Polytrade Marketplace:
The online platform where users can discover, trade, and invest in various tokenized real-world assets (RWA), such as real estate, commodities, and more.
2. Asset Wrapping:
The process of securely encasing a real-world asset within a Polytrade Smart Contract (SC). In return, users receive an ERC-6960 token representing ownership rights to the underlying asset.
3. ERC-6960 Token:
A unique token standard used on Polytrade, representing ownership of real-world assets. ERC-6960 tokens can be freely traded on the Polytrade Marketplace.
4. Listing an Asset:
The act of putting a real-world asset up for sale on the marketplace indicates the seller’s intention to sell it.
5. Relisting an Asset:
The process of updating the price of a listed asset on the marketplace, allows potential buyers to purchase it at the revised valuation.
6. Buying an Asset: Acquiring an asset token may represent either a whole or a fractional share of the underlying real-world asset.
7. Buying a Fraction:
Obtaining a portion or fraction of a real-world asset through the purchase of a corresponding ERC-6960 token.
8. Sending an Offer:
Expressing interest in acquiring an asset at a specific valuation. Once approved, the buyer can proceed with the purchase based on the agreed-upon valuation.
9. Rejecting an Offer:
Declining a proposal made by another user to purchase an asset.
10. Accepting an Offer:
Indicating agreement with the proposed valuation for an asset. Once approved, the buyer can purchase a portion of the asset based on the newly established valuation.
11. Adding a Wallet:
The process of including a new wallet address to your Polytrade account for tracking your Real-World Asset (RWA) holdings on the platform.
12. Unlinking a Wallet:
Removing a wallet from your tracking list if you no longer wish to monitor your RWA assets associated with that wallet.
13. Secondary Liquidity:
The availability of a marketplace for previously illiquid real-world assets, allows users to buy, sell, and trade these assets more flexibly.
14. Multi-Chain Compatibility:
The ability of Polytrade to support multiple blockchain networks, enabling users to engage with various assets and protocols across different chains.
15. Regulatory Compliance:
Polytrade’s commitment to adhering to regulatory requirements and ensuring a safe and trustworthy trading environment.
16. Fees for the Marketplace:
The charges applied for various marketplace activities, including listing fees and transaction fees. These fees may vary depending on the nature of the transaction.
17. Marketplace Discovery:
The process of navigating the marketplace to explore assets, make informed decisions, and find investment opportunities.
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