Who is Who in the AMPnet Tokenization and Auditing System

Tokenizers

  • The tokenizer must prove legal ownership over the assets they tokenize
  • Nobody else holds any rights over the asset
  • The tokenization method used by the tokenizer is performed in a regulatory compliant manner within their jurisdiction
  • The tokenizer can present legally valid contracts that prevent them from either selling the asset or using it as collateral.

Auditors

How do Auditors Audit Tokenizers?

What Happens if a Tokenizer Fails an Audit?

How Do We Enforce Auditor Competence?

Key Takeaways

  • Tokenizers digitize assets and list tokens on the AMPnet network, backing assets with reserves placed in a smart contract
  • Auditors audit tokenizers and ensure they are compliant and verifiable, staking AMPnet tokens as a bond for positive network participation
  • If tokenizers fail to verify asset ownership or meet tokenization standards their reserve is liquidated and distributed
  • If auditors are proven malicious or incompetent they are slashed, distributing their AMPnet stake to reporting auditors and the AMPnet treasury

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