Roles

The Token Market Infrastructure (TMI) deploys sovereign markets for asset issuance, distribution and management (markets can be deployed on multiple chains).

It offers an efficient and compliant environment for market creation, asset issuance, and investment opportunities through the effective interplay of three core roles:

Deployment

The market creator deploys a sovereign market from Evergon’s market factory and specifies:

1. Which asset classes to tokenize on the market.
2. Whether it's a staking ,investment or financing market.
3. The currencies that can be accepted for a sale.
4. The success criteria for a sale.
5. The accessibility of the market, whether it's public or private.
6. The compliance rules for KYB/KYC/KYT process for the market users, managed via the ComPilot widget.

Custom Compliance:

Through ComPilot, market creators:

• Set Custom Compliance rules.
• Initiate KYB/KYC verification using pre-built or custom templates.
• Ensure ongoing monitoring of users' transaction activity (KYT).

Once the market is deployed, the market creator can either:

• Deploy a no-code white label solution by Evergon.
• Or integrate their market with an existing application with Evergon SDK/API tools.

Invitation

Then, if the market is private, the creator can invite issuers and investors:

1. The market creator grants a role to an email or a wallet address.
2. Issuers and investors register on the platform.
3. The market creator's KYC/KYB is undertaken using ComPilot as specified during the market deployment.

Issuance

Asset issuers tokenize assets and specifies:

1. The assets to transform into digital twin tokens (financial asset such as bonds, equity or legal asset such as license, etc.)
2. The token standard of the digital twin and its target chain (ERC-20, ERC-721, ERC-1155).
3. The amount of tokens to issue along with other parameters.

Fundraising

Then, once the digital twin is issued, the asset issuer can go to market and fundraise by creating a sale with:

1. Basic information such as its name and duration.
2. The assets and their amount to wrap (or collateralized if it's asset-backed financing).
3. The target currency and amount to fundraise:
   • Also if asset issuer wants to add differentiated price points based on the amount held by a user, this can be configured here.
4. The number of fractions to sell.
5. If it is a money market fundraise, the issuer specifies the duration and interest of the loan.

Once completed, the market creator validates the sales in order for it to be displayed on the investor portal.

Purchase

Finally, investors purchase assets from the sale:

1. On the marketplace, they view all eligible sales.
2. Select a sale and checks out like any conventional marketplace.
3. Investors then purchase a fraction with the payment currency that issuers selected, as specified by the market creator.
4. Then depending on the market type:
   1. If it is an investment, the investor can burn a fraction and redeem a portion of the wrapped asset.
   2. If it is an asset-backed financing, the issuer pays back the investor and burns the fraction.

Unwrap

When the need arises, investors may wish to exchange their fractional ownership for a portion of the underlying assets:

1. On the portfolio, they select the fractions of their assets to unwrap.
2. Then the Token Market Infrastructure assesses the value and proportion of the fraction relative to the wrapped assets.
3. Investors allocated a proportional share of the underlying assets based on their fractional ownership.

Staking/Yielding

A creator sets out to build a powerful and flexible staking platform (based on the Staking Protocol) using the Token Market Infrastructure:

• The platform creator begins by deploying a staking platform. They configure the foundational elements:
  1. The platform creator specifies the types of assets that users can stake, such as ERC20 tokens.
  2. They choose the reward distribution methods, deciding between rate-based or more complex algorithms.
  3. They set the criteria for who can create staking pools and who can participate in staking.
• With these configurations in place, the staking platform is now ready to host a multitude of staking pools.
• Staking pool creators join the platform, eager to launch their staking pools. They meticulously define the parameters for each staking pool:
  1. They select the tokens to be staked and the rewards to be distributed.
  2. Then they determine how long users need to lock their assets.
  3. They establish minimum and maximum staking amounts to ensure a balanced staking pool.
  4. They can configure multipliers based on staking amounts and lock periods, offering higher rewards for longer commitments.
  5. They ensure all parameters comply with the overarching rules set by the platform creator.
• Investors want to participate in the staking staking pools:
  1. They browse through the available staking pools and stake their assets, locking them into the selected staking pool.
  2. Depending on the staking pool's rules, investors earn rewards calculated based on their staked amount, lock period, and any applicable multipliers. If the staking pool allows for instant rewards, investors receive them immediately; otherwise, rewards are distributed according to the staking pool’s schedule.