Table of contents
$TAT Token
$TAT serves as the accounting token for representing real-world asset productivity on Treasurenet. $TAT serves as a represen$TATion of the credibility of each Producer, with its utility derived from the underlying asset(s) it records. The purpose of the $TAT is to document and verify the legitimacy of the Treasurenet economy.
On-chain proof of creditworthiness: $TAT tokens serve as an on-chain proof of creditworthiness for Producers in a decentralized and anonymous manner. $TAT can be used to transparently price asset financing. This is because $TAT tokens track the production of assets by the Producer, which shows that the Producer has an underlying asset and whether this asset is economical.
Collateralization: $TAT tokens can be used as collateral for financing activities on the Treasurenet platform. This means that users can use their $TAT tokens for financing, without having to sell their real-world assets. On their own, $TAT tokens signal a commitment to a financing pool, and the same asset (or portion of the asset) cannot be double-committed elsewhere.
The Treasurenet DAO is also looking to set up real-world legal structures to claim real-world collateral. This means that if a user defaults on a loan, the Treasurenet DAO will be able to seize their real-world assets. This makes the $TAT collateralization system more secure, as it provides lenders with a way to recover their money if a borrower defaults.
Although this type of legal structuring is common practice in legacy markets, combining real-world recourse with on-chain creditworthiness allows for radically transparent financing that is not possible without $TAT and Treasurenet’s decentralized audit framework.
Asset-specific indexing: Producers who are connected to the TN Gateway can mint $TAT tokens on a regular basis. The rate at which $TAT tokens are minted depends on the type of asset that is being produced. This means that the cumulative represen$TATive value of an asset class can be tracked by looking at the number of $TAT tokens that have been minted for that asset class. This information can be used to make financial decisions, such as deciding which asset classes to invest in. It is worth noting that the option to make this asset information public is in the hands of the Producers.