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pftq committed Nov 8, 2018
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Expand Up @@ -360,7 +360,7 @@ <h5 id='represent'><a href='#represent' style='text-decoration:none; border:0;'>
<li>Offer rewards, gift cards, game currencies - anything redeemable in real world.</li>
<li>Store information permanently - audit trails, notary, archives, the chat on this very site.</li>
</ul>
<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;And pretty much anything else you can think of. The token is then openly tradable by anyone with its price determined entirely by the free market, just like with any stock, bond, currency, etc. And thanks to the automatic conversion behind the scenes, you only need to offer it once to automatically offer across every symbol there is, instantly accepting any form of exchange without additional effort. You can see this yourself with a live example TTT, which is offered only once for XRP <a href='https://www.theworldexchange.net/?symbol1=TTT.rBcA1MkS2jtywAAi9bWfGsUk9R6RWQAyKr&symbol2=XRP' target='_blank'>here</a> but automatically also available across <a href='https://www.theworldexchange.net/?symbol1=TTT.rBcA1MkS2jtywAAi9bWfGsUk9R6RWQAyKr&symbol2=USD' target='_blank'>USD</a>, <a href='https://www.theworldexchange.net/?symbol1=TTT.rBcA1MkS2jtywAAi9bWfGsUk9R6RWQAyKr&symbol2=EUR' target='_blank'>EUR</a>, and <a href='https://www.theworldexchange.net/?symbol1=TTT.rBcA1MkS2jtywAAi9bWfGsUk9R6RWQAyKr&symbol2=BTC' target='_blank'>BTC</a>. In addition, issuers can attach profiles, legal disclaimers, or other information and even require agreement by users before allowing access to the token; a demo of this is available here for <a href='https://www.theworldexchange.net/?symbol1=XYZ.raiLN9gC6AEK2B8odRskkwQMfwMqEukgyB&symbol2=XRP' target='_blank'>XYZ</a>.</p>
<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;And pretty much anything else you can think of. The token is then openly tradable by anyone with its price determined entirely by the free market, just like with any stock, bond, currency, etc. And thanks to the automatic conversion behind the scenes, you only need to offer it once to automatically offer across every symbol there is, instantly accepting any form of exchange without additional effort. You can see this yourself with a live example TTT, which is offered only once for XRP <a href='https://www.theworldexchange.net/?symbol1=TTT.rBcA1MkS2jtywAAi9bWfGsUk9R6RWQAyKr&symbol2=XRP' target='_blank'>here</a> but automatically also available across <a href='https://www.theworldexchange.net/?symbol1=TTT.rBcA1MkS2jtywAAi9bWfGsUk9R6RWQAyKr&symbol2=USD' target='_blank'>USD</a>, <a href='https://www.theworldexchange.net/?symbol1=TTT.rBcA1MkS2jtywAAi9bWfGsUk9R6RWQAyKr&symbol2=EUR' target='_blank'>EUR</a>, and <a href='https://www.theworldexchange.net/?symbol1=TTT.rBcA1MkS2jtywAAi9bWfGsUk9R6RWQAyKr&symbol2=BTC' target='_blank'>BTC</a>. Issuers can also attach profiles, legal disclaimers, or other information and even require agreement by users before allowing access to the token; a demo of this is available here for <a href='https://www.theworldexchange.net/?symbol1=XYZ.raiLN9gC6AEK2B8odRskkwQMfwMqEukgyB&symbol2=XRP' target='_blank'>XYZ</a>. You can further configure whitelisting and other compliance features to restrict who can access or own your token, as shown for <a href='https://www.theworldexchange.net/?symbol1=TTK.rJyWAq8gHw4abiHQwXNjAA75Vyj21r7F3M&symbol2=USD.rvYAfWj5gh67oV6fW32ZzP3Aw4Eubs59B' target='_blank'>TTK</a> (see <a href='#advancedSettings'>Advanced Settings</a> for details).</p>
<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At some point, you would either buy back the token you issued or offer some other form of exchange/reward/redemption to give it value. The trust that you do that is why people would buy or accept your token in the real world. It is your job to enforce and communicate that promise. It is no different than a credit card issued by a bank, a gift card issued by a store, someone buying a stock on the trust that the company makes money for its shareholders, or a loan being offered on the trust that the borrower pays it back with interest. Those that break that trust would find it difficult to do business in the future, just like with anything else.</p>
<p><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Note: Depending on what you issue, you may be subject to laws and regulations, including Securities laws. You are responsible for making sure you are in compliance with all such laws that are applicable, as well as properly configuring your tokens to meet compliance requirements (see <a href='#advancedSettings'>Advanced Settings</a>). As shown in the examples above, issuers of tokens can both leave their tokens freely traded by the public as well as restrict access to only whitelisted individuals. This website is only a tool and interface to already existing functionality on the Ripple Network; it does not process, facilitate, screen, or have any actual involvement in the execution of your transactions any more than a mobile app or 3rd party trading tool does to an existing stock brokerage.</b></p>

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