Dear Tokenized users,
We regret to inform you that the Tokenized platform will be shutting down in one month (April 14th). Please ensure you withdraw your BSV from our wallet before this date.
We would appreciate sharing this msg w/ friends or family who use our platform 🧵
Dear Tokenized users,
We regret to inform you that the Tokenized platform will be shutting down in one month (April 14th). Please ensure you withdraw your BSV from our wallet before this date.
We would appreciate sharing this msg w/ friends or family who use our platform 🧵
@kurtwuckertjr@randw At some point, yes. I (James) wouldn't be able to honest/transparent at this stage due to current business considerations. And I just don't want to speak without being able to be honest/transparent
Dear Tokenized users,
We regret to inform you that the Tokenized platform will be shutting down in one month (April 14th). Please ensure you withdraw your BSV from our wallet before this date.
We would appreciate sharing this msg w/ friends or family who use our platform 🧵
Our Telegram channel and our Twitter accounts will remain active and we welcome any questions/comments/concerns.
Rest assured we will make sure all of your BSV is safe and we aren't going anywhere.
We really appreciate all of your support over the years, and we stand by to support all of you as you remove your BSV from our wallet.
It's been a very rewarding journey and we still love, and believe in, the vision for Bitcoin and we look forward to seeing it succeed.
Other token protocols seem better at first look because all you have to do is spend the right output into another output and you are done. The reality is that that is just the beginning of the complexity. You have to handle an ecosystem of overlays and trusted fourth parties. With any token action the issuer is the third party. Bringing another party into the operation only complicates things more.
@Tokenized_com simplifies this by merging the overlay and the issuer. The holder simply sends a signed tx to the issuer's smart contract agent and gets an on chain signed tx as a response. This holds the agent accountable and also gives very explicit validation of the token action.
Many companies tried to do what @Tokenized_com accomplished over the last 6 years. They all failed because they didn't fully understand the economics of tokens and their purpose. Many built functional platforms but as soon as people tried to integrate it into the rest of the ecosystem they ran into serious issues.
Anyone who says that the best option is to attempt to rebuild what we built is either dishonest or incompetent.
We already have a functional enterprise grade token issuing and administration platform that is highly secure, scalable, and elegantly supports multi-sig approval of token actions. To rebuild that will be several years, at minimum, and that is if they can succeed.
That will hold the BSV ecosystem back even more than it already has. We need to standardize, cooperate, and move forward.
It is not difficult to integrate Tokenized holding and transfer into a wallet implementation. Building elegant issuing and administration is another order of magnitude of difficulty.
@ibk_adeniyi@Bitcrash4@liquidnoblegold uses @Tokenized_com as a BSV smart contract platform and it performs exceptionally well in testing. We're all excited to see it live in action on the 26th of August when Liquid Noble launches!
Smart contract-enforced transfer fees👇. The issuer can specify a transfer fee denominated in the token they've issued, or in BSV.
Users can pay the transfer fee to the issuer with the same token they are transferring, rather than requiring BSV.