What is an asset SALE?
- Transfer of the ownership RIGHT to the asset from the seller to the buyer.
- Receipt of the ownership RIGHT to another asset – for example, money – from the buyer in exchange.
What is an asset LEASE?
- Receipt of the RIGHT to use an asset from the lessor.
- Transfer of the ownership RIGHT to another asset – for example, money – to the lessor in exchange.
Exchanging RIGHTS underlies all transactions in our life!
The modern world is on the verge of global changes caused by mankind entering the information age – a historic period described by the global shift from traditional industry that the Industrial Revolution brought through industrialization, to a digitized, computerized industry based on information transfer2 The use of digital models and digitization of processes enable complex economic problems to be solved more efficiently – for example, efficiently managing assets using their digital models. The transition from the industrial model of the economy to the information model is accompanied by the emergence of mechanisms to exchange values via the Internet. The Internet of value will allow the exchange of any assets valuable to someone in the near future, including money, shares, votes, securities, intellectual property, music, scientific discoveries, vehicles, real estate, and much more3 The transition of the Internet from the transfer of information to the transfer of value will lead to global changes in all sectors of the economy.
- What is value?
- What is value for me?
- What do I consider value and how can I explain it when asked?
Everyone has different views on value.
For me, value is expressed in the capability of using an asset – for example, driving a car, living in a flat, or using a computer for work. For most of us, value is expressed in the capability of using an asset, because it is through use that we get the final product as a benefit and/or an emotion. At the same time, value for an investor is owning an asset and the capability to dispose of it. These two rights allow the investor to obtain the final product as a benefit – the added value from the acquisition and subsequent sale of an asset. By acquiring rights to an asset, we gain access to benefits provided by that asset:
Right to use a car – the right to drive a certain distance [km] listening to favorite music. You need to offer the right to a portion of the money you own in exchange for this right – pay to a taxi driver for a trip or rent a car you like [a contract for transportation or rent].
Right to use a flat – exchange the right to a certain amount of money you own for the right to use a flat you like [lease contract] and use all the amenities (shower, coffee machine, comfortable bed, TV, etc.).
Right to hold and dispose of MUST tokens – transfer the ownership right to a certain amount of ETH in exchange for MUST token ownership, receive the right to sell tokens at an attractive price and gain profit.