OnPlace Set to Decentralize the “Over-the-Counter” Investment Industry with their PATS Protocol

Jan 17, 2018 at 16:59 // News
OnPlace set to decentralize the “over-the-counter” investment

Blockchain technology has penetrated every industry from financial services to healthcare and entertainment, creating a whole new crowdfunding industry worth over $3 billion. Yet, traditional financial institutions and regulatory bodies remain skeptical about this emergent market due to uncertainty and the inconsistency of the market’s players.

These problems often stem from the lack of funding these crowdfunded enterprises often run into or their inexperience and inability to see the parallels between digital and real-world assets. OnPlace is set to bring clarity to the industry through the creation of a decentralized investor community, accessible to anyone, anywhere.

Private Companies Investments “On-time” and OnPlace

Developed by a team of investors and industry veterans, OnPlace is focused on creating new financial markets that leverage blockchain crowdfunding mechanisms to invest in private companies.

"We can say with absolute certainty that investment into private IT companies has become one of the most reliable ways to get a high return percentage on investments in a relatively short period of time."

Through its revolutionary PATS (Private Assets Tokenization System) protocol, users will be able to seamlessly participate in trading closed Over-the-counter (OCT) assets tokenized on the blockchain. OnPlace is set to eliminate the barriers to entry of this highly-sought portfolio and improve market liquidity.

The platform will provide opportunities for investment into some of the fastest growing tech companies across the globe for anybody, anywhere in the world, by transforming shares into smart contracts. This transformation will secure and guarantee shareholder rights.

The PATS Protocol

The Private Assets Tokenization System (PATS) protocol tokenizes over-the-counter (OTC) assets into intuitive investment opportunities for users. The protocol establishes a marketplace opportunity window (MOW) for the selection of potential projects to be tokenized based on a ground-breaking criteria and communal discussion process. Following the selection, eligible products are tokenized and issued as PATS tokens.

These tokens are then circulated and supported throughout their life cycle, ensuring complete decentralization of control and placing power in the hands of the community. OnPlace aims to create a transparent, secure, and auditable solution for investing in OTC assets.

Investing With PATS

The PATS protocol solves the biggest challenge facing OTC investment with the immutability of the blockchain, creating a secure channel for the standardization of accounts and assets on smart contracts. Smart contracts standardization decentralizes the process of auditing investment and making decisions, allowing the community to not only have a say, but also direct the course of their investment.

Traditionally, investing in private company shares tends to start off with a  $10,000 minimal investment fee. The disintermediation of investment and facilitation of direct peer-to-peer connection has enabled OnPlace to lower the fee to a minimum of $1. The platform will also be offering considerably lower transaction rates of 0.05-0.2% unlike the 5% currently being charged by centralized services!

OnPlace’s Roadmap and TGE

Shortly after opening up its office in Moscow and successfully registering its services in the US with a self-funded corporate bank account to the tune of $200,000, OnPlace was able to raise $900,000 in a seed round. The company followed up this achievement with the establishment of a team that developed and launched a closed, alpha version of their Ethereum Blockchain Contracts for early investors. OnPlace was able to leverage this launch to raise over $1,000,000 from the first wave of investors on the crowdfunding platform.

Buoyed by these successes, OnPlace is set to launch their TGE (Pre-Sale) next month. The TGE will provide customers with an easy way to invest in IT-related industries through their PATS token. The company aims to have its tokens in circulation by August this year.

Learn more about OnPlace - https://onplace.io

Read the Whitepaper - https://onplace.io/whitepapper/wp-onplace-main.pdf

Follow on Twitter - https://twitter.com/on_place

View on Medium - https://medium.com/@onplace

Contact - info@onplace.io


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