AMDAQ allows both the documented ownership and transfer of assets for which there is no established registration process and the sub-division of ownership interests in otherwise registered assets where transfer processes may be expensive/cumbersome and/or trigger taxes and other expenses.
Examples of assets that can be efficiently held include:
Co-owned portfolios of real estate interests
Subdivided interests in a single real estate asset
Portfolios of art and collectibles
Commodities
Cryptocurrency and fiat currency portfolios
Unincorporated business ventures
Using the AMDAQ platform, assets can be titled in a Smart Contract with ownership interests evidenced by ownership of an associated Ethereum token. The Smart Contract will provide not only the rules as to transfer of ownership but also automated voting mechanisms for each specific situation that requires governance decisions.
Where required by law, assets can be titled using a traditional “trustee” structure with the trustee delegating administration to the Smart Contract.
The initial AMDAQ token (or "DAQ") is a fully ERC20 compatible Ethereum Token that can be held in an Ethereum Wallet. Only 1,000,000 AMDAQ tokens were mined and the token is designed so that no more can ever be mined.
"Patience is bitter, but its fruit is sweet."
