Introducing Alta Asset (raALTA) and Alta Debt (rdALTA) Stablecoins

January 28, 2022 / Crypto

Alta Finance has officially deployed our Alta Asset and Alta Debt tokens on the Polygon network.

Alta Asset (raALTA)

This non-trade-able internal-use only USD stablecoin represents any real world assets that Alta Finance owns, including: land, commercial buildings, multi-family apartments and condos.

Alta Finance will publicly announce anytime we conduct a mint / burn.

Mint:
We will only mint when we acquire an asset or conduct a net asset valuation and adjust the portfolio accordingly.

Burn:
We will only burn when we dispose of an asset or conduct a net asset valuation and adjust the portfolio accordingly.

https://polygonscan.com/token/0x336f20Ddf1325092E1de4203B09Ae1df9e277Ded

Alta Debt (rdALTA)

This non-trade-able internal-use only USD stablecoin represents any real-world liabilities (debt) that Alta Finance is obligated to for real estate including: private loans, mortgages, and seller-financing or seller carry.

Alta Finance will publicly announce anytime we conduct a mint / burn.

Mint:
We will only mint when we acquire debt for the purchase of an asset.

Burn:
We will only burn as we pay down debt either according to our regularly scheduled debt obligations or as we development complete project.

https://polygonscan.com/token/0x935e49Fc1389Cb5358dBa426Dc64a0Fa27071abB