Barter trading of various asset classes
By: Nansy Dunne
Tags: Barter, Trading, Cryptocurrency, Smart Contracts, Blockchain

Hello! 👋🏻 Today we will tell you about barter trading in various asset classes.

Barter is a form of trade in which individuals and companies exchange goods and services with each other based on equivalent valuations of prices and goods without using money. Barter Smartplace makes barter transactions incredibly easy and secure.

For the barter exchange of real valuable assets, preliminary tokenization is required, which will allow the creation of a virtual token equal to the value of the subject of an exchange with the assignment of the owner’s name. After creating a virtual token, it can be placed on the smartplace, including the auction trading method, and wait for counteroffers for barter exchange.

Barter is easy to carry out if the objects are of equal value. It is only required to change the ownership rights to the asset without using financial transactions. Thus, when a barter agreement is applied, ownership of these assets is exchanged in the property registers.

Barter exchange is also applicable when objects are not equal but have a slight difference in value. The acceptable difference is only 10–15%. To exchange unequal goods, it is enough to use only one financial transaction to pay this difference.

In traditional OTC trading, the opportunity to place a lot of several heterogeneous assets has not yet been realized. The Barter platform provided such an opportunity and made it possible to exchange goods of equal value without using means of payment.

For example, two lots that include heterogeneous assets can be exchanged between their owners if the estimated value of these lots is equal, from the point of view of the parties to the contract.

To make the final decision, the parties put down the electronic signatures of the parties in the corresponding electronic smart contract, called a “barter agreement”. After the signing of the contract, the barter is executed, and the data on the owners are automatically replaced in the registries of information on digital assets in accordance with the concluded barter agreement.

Barter Smartplace is a unique blockchain trading platform that expands the use of smart contracts in jurisprudence. Thanks to advanced technologies that ensure a high level of confidentiality and security, Barter Smartplace customers receive high-quality service for concluding contracts of any complexity.

The Barter Smartplace ecosystem empowers people and traders to exchange their digital assets and provides a complete secure layer for converting physical assets to digital.

Platform users have access to a ledger of digitized real assets and can use the Barter Smartplace capabilities to tokenize real estate, vehicles, art, precious stones and metals, jewelry, and any other assets. At the same time, users can use the largest marketplace for barter, auction, and direct trading, where you can easily exchange and conduct the purchase and sale of real and digital assets.

Thus, the Barter Smartplace ecosystem brings together the most important elements of the digital environment, barter exchange and trading of different asset classes, and the platform’s smart contracts have the same legal force as if the contracts were concluded on paper in the presence of a notary.

📢 Join Barter Smartplace to trade and exchange various asset classes at http://barter.company/

Join the community: http://t.me/barterteam

Telegram wallet: http://t.me/barterwalletbot