ATLANT Announces Significant Progress In Advance of Platform Launch
ATLANT Platform Implementation Details
ADEX, the ATLANT Decentralized Exchange
As covered in the ATLANT White Paper, building the ADEX (ATLANT decentralized exchange), is an integral aspect of the ATLANT platform’s overall value proposition. To help create the best possible end-to-end ADEX, ATLANT has hired quite a few developers over the past few months, both back-end and front-end, in order to insure optimal production. Basic development of the ADEX was completed somewhat ahead of schedule, and was then slated for Alpha release.
However, from that point, after extensive consultation with both attorneys and regulators, much of the ADEX architecture and code had to be changed, in order to ensure compliance.
The new ADEX is almost complete, and a public Alpha version will be released soon.
Atlant-Go, the ATLANT Node
As part of the overall ATLANT platform, the ATLANT development team also created the node architecture, and a proof-of-concept implementation (atlant-go) which contain the ADDS distributed store of all information pertaining to PTOs (Property Token Offerings), as described in the ATLANT white paper.
The nodes interact with the ADEX, and will most likely be released in conjunction with a Beta version of the ADEX, or shortly after. For a detailed description of ATLANT-Go nodes, and related technology, please review the ATLANT white paper, beginning on page 33.
The node is designed to poll two main smart contract sets in order to fetch secure data: PTO contracts, handling property token offerings and property tokens behaviour, and KYC contracts, enabling fully compliant and transparent property token trading. The smart contract also queries the list of ATL Platform token holders and their balances.
All of this together helps to create smooth, compliant ATLANT Platform operations and performance, thus facilitating optimal experience for all platform participants.
As per the ATLANT White Paper, both ATL token holders and PTO token holders can derive value from operations conducted on the Platform, provided that two main requirements are met: being a verified individual (having KYC details completed and registered with ATLANT) and running an ATLANT node, which helps to secure the network by distributing PTO data globally, thus increasing redundancy.
The ATLANT node release will accommodate both PTOs (the tokenized ownership aspect of the platform) as well as functionality of the P2P rental architecture (the P2P rentals aspect of the platform), and is tightly coupled with the ADEX platform component. Upcoming property tokenizations will be handled by both components, the ADEX and nodes, in conjunction with one another.
The ATLANT development team has progressed significantly in developing the overall ATLANT node architecture and code since the project’s inception, and the team is now in the process of interlinking the two main platform components. The node source code being prepared for transfer to ATLANT’s GitHub repositories, once the integration process is finalized.
ATLANT Platform Legal Framework and Regulatory Compliance
From inception, ATLANT has engaged in ongoing consultation with regulators in multiple jurisdictions, to facilitate the project’s overall roadmap, including plans for a legal framework for both tokenization of real estate assets, and for ADEX (ATLANT decentralized exchange) functionality.
CEO Julian Svirsky commented, “Governmental coordination, and regulatory compliance, are key facets of the overall ‘ATLANT stack’, because ATLANT is building a platform that can potentially offer significant benefit for every aspect of the global real estate ecosystem, ranging from governments to retail investors. And so, ensuring compliance is an essential component of creating a successful platform, and a successful business.”
Per the importance of compliance-related details to the long-term success of the ATLANT platform, the ATLANT team is also in active discussions with several Fintech regulatory sandboxes, globally. Once details are finalized, and public announcement is agreed by all relevant parties, the ATLANT team will publish related announcements.
ABOUT ATLANT
ATLANT is a revolutionary global real estate platform enabling tokenization of real estate ownership and P2P rentals. The rapidly growing ATLANT team is both distributed and global.
For additional details please visit https://atlant.io/.
