Your trade
A realtor is paid on the sale and held on the placement.
Same deal. Two fee events. Two different answers, and almost nobody explains the second one until after the work is done.
Pick your trade and see exactly what you can register, what your licence unlocks, what it sets the rate at, and where the line falls on every asset class you touch.
What sets your rate
Effort, then licence. Frozen at the introduction.
Your share of a relationship never changes — that is property, and nothing we compute may re-rate it. What your profession changes is how much of our own fee gets set aside for the relationship in the first place. Agreed once, at attribution, and fixed from then on.
Register an asset
Your assets and your clients, under your reference.
Register an asset for fractionalisation and it carries your attribution permanently. Register the client by hash and their name never enters anyone's system — the network sees the activity, not the identity.
That is the whole public record of an introduction. Broker reference, class, jurisdiction, indicated size. No name, ever. You are provably first without showing anyone your book.
The part that costs people money
One asset, two fees, two answers.
Select an asset class. The left column is the fee on the transaction itself. The right is the fee on placing fractional interests with investors. They are not the same question and holding a licence for the first does nothing for the second.
Borrowing against it
Cash now, against what you have already earned.
A line that is computed, has passed the guard and has cleared its clawback window is an account receivable — a fixed sum, owed, on a known date. You can pledge it. That is factoring, and it is ordinary commercial finance.
What a lender could responsibly advance
Where the tiers come from
The line we will not cross
Pledgeable, not transferable.
You can pledge specific vested lines to a lender in a bilateral facility. The participation itself stays non-transferable and we do not divide a projected income stream into interests for sale to anybody.
Slice up "the future commissions from a book of relationships" and sell the slices and you have created an investment contract — money in, a common enterprise, profits expected from someone else's efforts. That is a securities offering with us as the issuer, and calling the slices tokens or points does not change it.
If a genuine offering is ever wanted it runs through counsel and the launch gates like any other. What it will not do is arrive quietly through a feature nobody labelled.
And nothing here is guaranteed. A vested line is a fixed sum owed on a known date, which still carries the payer's credit. Everything beyond that is contingent, and any surface that says otherwise is wrong.