Polytrade is the world’s first marketplace for tokenized real-world assets, backed by and partnered with industry giants Mastercard, Polygon, Alpha Wave, and Matrix Partners, Polytrade’s marketplace brings together various tokenized assets from credit, real estate, commodities as well as collectibles, art, IP, creator royalties, luxury goods from all chains to a single platform.
Polytrade’s marketplace solves key problems in the tokenized assets space and aims to be the One-Stop Shop for Tokenized Assets.
Read more about the vision here.
Phase 1 of the launch of the marketplace was done in private access with patrons consisting of a group of experts, influencers, founders, and thought leaders sharing a common vision to make RWAs mainstream—called the Vanguard. The Vanguard has been instrumental in shaping the marketplace. Here are some links to learn more:
https://twitter.com/Polytrade_fin/status/1743351687870316793
https://twitter.com/polytrade_fin/status/1758141362975678617?s=46&t=xL1T6RSs8wGlzKxkmzEfgA
Phase 2 is for whitelist access for more than 20,000+ users. Whitelist access is for all who registered for early access to the marketplace.
Post Phase 2, the marketplace will be launched for the public (Phase 3).
The Marketplace is an aggregator bringing all tokenized assets under one roof.
Users can discover new tokenized assets using AI search, compare assets, and/or access/buy/sell them.
Assets on the marketplace are of 2 broad types:
Discovery: Assets that Users can discover, find, and explore as well as buy via Polytrade’s integrations with protocols such as Uniswap, Balancer, Opensea
Secondary: Assets that are native to the Polytrade marketplace
In terms of standards, the Marketplace aggregates ERC-20s, ERC-721s, ERC-1155 and more, as well as Polytrade’s own ERC-6960. Most Secondary assets are ERC-6960. Asset types are shown on the card of the asset.
On the marketplace, we've implemented "discovery mode" to enhance user experience and accessibility.
Assets marked “Discovery” / “Discovered” are listed within our platform but are seamlessly redirected to their original issuing protocol websites or third party platforms such as OpenSea or Uniswap.
In Discovery, Polytrade provides a user access point / point of sale to other protocols to an audience that is interested in the RWAs.
On the flipside, by aggregating these assets in our marketplace, we provide users with enhanced discoverability and the opportunity for easy comparison.
On the marketplace, we feature a category of assets known as "Secondary" These assets are listed directly/natively within our platform and are distinct from primary assets, which are typically listed on their respective native platforms or protocols.
Secondary assets encompass a diverse range of assets, including real estate properties, commodities, securities, and more.
ERC-6960 is a tokenization standard authored by the Polytrade team, tailored specifically to represent real-world assets on the blockchain while facilitating fractional ownership, cross-chain bridging, split payments, and real-world scenario planning.
Much akin to slicing a pizza, this standard enables the subdivision of a single asset into smaller, manageable portions, each independently owned by distinct individuals. Hence it is also called the “Dual Layer Token” standard. The parameters for this slicing or “Fractionalization” (such as minimum fraction) can be set by the lister of the Asset. Once set, a buyer can slice the asset within those parameters. Settling the mother ERC-6960 also automatically settles all children (slices) in the same transaction leading to processing efficiencies.
ERC-6960 democratizes ownership, allowing diverse stakeholders to collectively participate in asset ownership and value appreciation.
When you buy an asset on the Polytrade Marketplace, you may be acquiring an ERC-6960 token. This token may represent a fraction of the full ERC-6960. Such assets have a tag denoting them as ERC-6960.
You will be able to see your ERC-6960 asset in "My Assets" on the Polytrade marketplace. Go to "My Assets" page to find your 6960 assets.
These might not be visible inside all third party wallets.
In order to see your assets in your wallet, you can try to unwrap them (on the "My Assets" page) to a ERC-721 or ERC-1155. They should then be visible in your wallet.
The RWA marketplace supports 2 kinds of tokens - wrapped in 6960 and unwrapped. Many NFTs you see on the Marketplace are wrapped in 6960 to standardize them (and hence create interoperability) and make them fractionalizable. The actual underlying token in this case will go into a vault.
Unwrapped tokens do not utilize this mechanism and the Underlying Tokens are directly available on the marketplace.
In order to get the underlying RWA asset for any token, you must firstly Unwrap it (if the token is wrapped) and Redeem it. For unwrapped tokens the first step is not required.
To Unwrap a token, you need to head to your My Assets page and find the asset. There will be a "Unwrap" or "Claim" button to exchange your 6960 to the Underlying Token. This step is only required for 6960 assets. Other assets you can simply proceed to the Redeem step.
Once you have the Underlying token, you now need to Redeem it. Redemption steps vary by the asset and can be found on the asset listing page in the Claim Process or Redeem Process section of the asset listing. Alternatively, you may see a "Redeem" button (only once the asset is Unwrapped) next to the asset on the My Assets page.
When an asset is listed on the marketplace, it may be wrapped in ERC-6960. The token (ERC-721, ERC-1155, etc) that is wrapped is designated as the “Underlying Token” with respect to the ERC-6960.
You can trade an asset inside of the marketplace using the ERC-6960.
However, to reap benefits of the Underlying Token (such as redeeming, voting, claiming) you will need to hold the Underlying Token. This can be done if you hold 100% of the related ERC-6960. Simply go to the “My Assets” section to unwrap your ERC-6960 and attain the Underlying Token.
Users must be aware that they may need to comply with terms of conditions of the Underlying Token Issuer to access the Underlying Token and related benefits. You are encouraged to check the conditions for redemption of the Underlying Token, including identity verification, geographic limits or other parameters. If you intend to hold the Underlying Token, please first ensure you are aware of the terms and conditions of the Issuing Protocol.
No. You must own 100% of the ERC-6960 to unwrap and claim the Underlying Token.
To reap benefits of the Underlying Token (such as redeeming, voting, claiming) you will need to hold the Underlying Token. This can be done if you hold 100% of the related ERC-6960. Simply go to the “My Assets” section to unwrap your ERC-6960 and attain the Underlying Token.
Users must be aware that they may need to comply with terms of conditions of the Underlying Token Issuer to access the Underlying Token and related benefits. You are encouraged to check the conditions for redemption of the Underlying Token, including identity verification, geographic limits or other parameters. If you intend to hold the Underlying Token, please first ensure you are aware of the terms and conditions of the Issuing Protocol.
For an asset to be listed on the Polytrade marketplace, it must be whitelisted. All assets displayed on the Polytrade Marketplace are whitelisted.
For NFTs such as ERC-721s, you can see assets you own in your wallet that are whitelisted by going to “My Assets” and looking for the “Available to Wrap” section. All eligible assets in your wallet will show up here. Once you see an asset here in the “Available to Wrap” section, you can proceed to list it on the marketplace.
Listing an ERC-721 is a 2 step process.
1. Wrap the asset into a ERC-6960. You will see an option to Wrap in the Actions section of the Available to Wrap table. Click on it to wrap. Once wrapped, the asset will move into the “Available on Marketplace” section.
2. Once wrapped, you can list the resulting ERC-6960 by setting the % to be listed, the price/value of the listed percentage, and the criteria for further fractions to be created by the buyer. You can click on list under the Action column in the Available on Marketplace Table
You can send an offer by clicking on the Send Offer link on any listed asset in the Available Fractions table.
You must be logged in with your wallet before you can see the “send offer” link.
In the “My Assets” page, you can see all offers you have received on your listings in the “My Offers” section.
You can interact with your offer using the action column of the table.
All fees are shown at checkout.
The Loyalty Portal operates on a system where users ascend the leaderboard through the accumulation of XP (Experience Points). XP can be acquired by engaging in eligible actions (typically buy or sell) within the marketplace or by collecting badges (by holding partner assets, attending IRL events, collecting POAPs, or completing social tasks).
Certain badges offer multipliers that enhance the points earned from eligible marketplace actions, but these multipliers don't apply to XP gained through badges.
Additionally, engaging in eligible actions on certain boosted assets within the marketplace during a campaign may grant users additional marketplace XP, with boosts acting as multipliers, such as 2X.
The total XP a user earns is determined by the combination of badge multipliers applied to marketplace XP, plus any XP directly gained from badges. Marketplace XP is calculated based on the value of eligible actions, multiplied by the XP multiplier, and adjusted for any applicable boosts on boosted assets.
Leaders on the leaderboard can expect airdrops, early access to drops, cashbacks, and whitelists.
To access the Portal and Leaderboard or to understand the exact calculations, see here: https://lnk.polytrade.finance/portal
Collecting XPs and badges increase your XP which make you rise on the Polytrade leaderboard. Ranking high on the Polytrade leaderboard gives you continuous rewards including airdrops, whitelists, early access to exclusive asset drops, and cashbacks.
One of the first rewards for the Leaderboard was whitelist for the Polytrade Reflections NFT: https://rebrand.ly/reflections_opensea
Rewards will be announced continuously for the Leaderboard.
For performing Eligible Actions (mainly buy/sell) on the Marketplace, Phase 2 participants get additional XP (over and above the Marketplace XP) in the form of Secret XP.
Both Marketplace XP and Secret XP for Phase 2 will be revealed after the end of Phase 2. Stay Tuned.
Whitelisted users of the marketplace have access to the marketplace in Phase 2. Apart from accessing the marketplace early, Users also earn the Early Community badge and get a chance to gain additional Secret XPs while Phase 2 lasts.
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