Frequently Asked Questions
1 What is Tokenizeit?
TOKENIZE-IT is the First Fully Compliant Platform For Creating, Launching And Investing in Tokenized Assets. Equity, debt, real estate, commodities and even works of art can become liquid, tokenized and sold by fractions.
Tokenize-IT will help you convert rights to an asset into one digital token.
2 What is a Token?
A token is a unit of virtual currency, representing abstract value, in the case of tokenizeit , a fraction of value belonging to an asset.
3 How do I know the legitimacy of assets?
Through our bank-grade compliancy standards, we ensure full KYC/AML due diligence is completed before an investor participates on our platform and meets accredited.
4 Why Tokens?
In early 2018 tokens became very popular with the booms of ICOs–initial coin offerings the de-facto mechanism for startups fundraising, as ethereum provides a way to create this ERC20 tokens, tokenize it takes this concept to the next logical level.
5 Where is this located?
Our Existing Financial Services Licenses And Being Domiciled In Costa Rica where is legally compliant under the broker-dealer licence legislation.
6 What software is used to support this ecosystem?
The token generation is enabled by the ethereum blockchain that allows you to generate ERC20 tokens, has decentralized exchanges where you can trade them, and tokenizeit provides you with the means to list and receive investments on the same token system.
7 What is a utility token?
Utility tokens are simply app coins or user tokens. They enable future access to the products or services offered by a company. Therefore, utility tokens are not created to be an investment.
8 Are ERC20 generated tokens securities?
No, ERC20 tokens are commodities as per Costa Rican legislation , under the Broker - Dealer Licence.
9 Is this legal?
Yes , tokenizeit is a Company Fullly Regulated under Costa Rican Law.
10 Can I exchange tokens I get here for other ethereum tokens?
Yes , you can, using the WETH protocol this can be easily achieve and you can also get ether in case you want an exit or other currency.