Contracts are like digital blanks that can be given properties and functions. A function is usually shown as "If ..., then ..., else ...". An example: If 10,000 euros have been paid into the contract, then you can move the money from the property out of the property to the wallet. Since a contract can also be divided into units and is not necessarily of a financial nature, the units can also correspond to an authorization, such as a ticket to an event or a unit corresponds to membership of an association, depending on the business model and use case, contracts take an individual form, which is set out in contract conditions. The contract is related to a trademark license agreement for the Gudix brand.
What is to be observed?
A contract can be created like a token, at the push of a button. The contract is called an object. At least one nut must be invested. Objects can be changed as long as there is only one contract partner, i.e. as long as the units of the contract are not distributed. A party becomes someone who purchases, receives, or imports a unit of the contract. The contract can be broken down into units from 1 to 100,000,000,000.
The owner of the contract is the one who owns 51% or more of the units. The owners are mostly the creators of the contracts. The owner has special rights. For example, income from a contract is transferred to the owner. The owner has access to funds on the contract. Subscription deductions that are regularly deducted from the holder's accounts are not deducted by the owner.
A holder is the contractual partner of the owner. The one who holds at least one unit of the contract. The holder can liquidate his contracts at any time and thereby loses the rights to the contract. When there is value on the contract, the money is no longer accessible. Holders can also be customers and do not necessarily have to be financial partners.