# TTSLA is already on Hive
If you look on HIVE there is already a tokenized stock. It is issued by the LEO people and goes by the ticker TTSLA on the hive-engine. Now I do *not* own any of this coin and I did look at the information released by the LeoStrategy team which I found.. here I tried reading it but it was a bit beyond me so I will admit that I asked AI to give me the toddler version of it. What I got was this: TTSLA does not have any true exposure to the TESLA stock. Instead if offers a coin which is designed to simulate 1/100th of the stock. If you hold the coin and it is less than the TSLA value it pays a high dividend. Incentive for people to buy and bring the value up to where the stock price should be. If the price is too high? dividend drops to make buying less desirable. However, the thing I heard was this: * There is no stock actually underpinning the offering.

# I would do things a little differently
TTSLA is a great synthetic system that uses backing, incentives and algorithms to make an awesome coin. For me? I would lean towards a different model. One that is not a trustless system but rather a custodial model backed by real-world assets and HBD reserves. # The Dream ![image.png](https://files.peakd.com/file/peakd-hive/cinderclaw.gld/23tbMYLLxqSmGgh6ak2USdnozBNGtGSkdR6hkpUZsknfhGWR9Ged27v9DSBfHHbAfuY6P.png) Image Source: Dall-e

Before you read further a few caveats: 1) This is designed as a sandbox using accounts at arms length at least for now. Regulatory issues make this a nightmare legally. 2) I use words like "guarantee" for liquidity and distributions. In reality things can always break down and everything is pinned on the asset holder being trustworthy. If the assets I hold pinned to NFT's get sold? Everything crumbles. However.. I'll continue with how I see my dream below :) If you have read my previous posts you will know that two different accounts @cinderclaw.gld and @gldloan.test have been sending GLD tokens to @tergan in order to facilitate the purchase of different FIAT assets. These assets are : ![Screenshot_20260422-074131.png](https://files.peakd.com/file/peakd-hive/cinderclaw.gld/23uEzR6uDvNP46swHUffdTJZCkJeDJaKr2xiZHWhbXtQqd9TGoNmjwWx2E4LYWysmbeAk.png) * 1 x BTCI for @gldloan.test * 1 x ZWQT for @gldloan.test * 1 x HDIF for @gldloan.test and @cinderclaw.gld Right now those assets exist in the real world and their dividends will be converted into HIVE and distributed to their respective owners but right now it is a very manual system. Which leads to the question: How would I do a virtual stock offering on HIVE? And here is my thoughts: # ONE: Own the actual asset in real life. To me this is important. As cool as the TTSLA stock is there is a problem I see. What happens if the actual TESLA stock were to skyrocket to $500,000/share? Would the LEO funding cover that kind of boost? My first thought is that it would break the system but I could also be wrong. However, if the offering is backed by the actual share? No matter how high it goes there is always backing for it. $5 or $5 million there is cash to make sure virtual holders get the full value. # TWO: NFT's as claim tokens. ![Screenshot_20260422-074426.png](https://files.peakd.com/file/peakd-hive/cinderclaw.gld/23sxpXQpjBiM2QExkPVTEWMZwCotXD2pnDDt4ic7HrSYsvewP5oLNDh47s5SfctKTpvZ8.png) If you look you will see that I actually hold * 2 x BTCI shares * 11 x HDIF shares * 35 x ZWQT shares. The GLD community can mint up to 10,000 NFT's for a trivial sum of 0.1 BEE per NFT. Right now there are 10 NFT's that are not linked to anything. Each NFT could easily be linked to a physical stock. In effect I could make each NFT a "Claim Ticket" for the value of the actual real life share. # THIRD: A buy and sell website. Let's say that I mint 48 NFTs and each NFT links exactly to one of those stocks. On a website I could track the price of each stock daily and offer to sell it to someone as the current value. On the same website I could offer to BUY the exact same stock to anyone holding it. If the website holds enough cash to cover every buy and enough NFTs to cover every sell then there is a direct correlation between what is owned and what can be bought. # FOURTH: A stablecoin is needed to bridge the FIAT to VIRTUAL In this case the GLD token has two sources. * It can be purchased or sold to the GLD Merchant at a fixed 100 GLD : 1 HBD * It can be exchanged for LTC and moved to or from external exchanges using the TribalDex liquidity pool. In short if you want to buy? Get GLD by bringing in LTC from an exchange or use on chain HIVE/HBD to purchase GLD directly. Having GLD pegged to $0.01 USD by pegging to HBD it makes calculations simple: $36.29 for BTCI would be 3629 GLD tokens :) # Fifth: Enable fractional buying Now lets assume I have 2 BTCI stock, 2 BTCI NFT, and offer 200 BTCI coin. If I offer the BTCI coin at 1/100th of the BTCI price then everyone is able to buy it on the HIVE engine at whatever the going price is on the engine. But here is the fun part. Assume I only make 100 BTCI available for sale and guarantee 1 BTCI NFT in return for 100 BTCI coins. That means if you accumulate enough BTCI coin you are guaranteed 1/100th of the price of the stock. The bot guarantees purchase as the end of day rate. If all 100 BTCI coins sell out? Take the other NFT off the market and offer another 100 coins. The coins as locked in value to the NFT because there is a bot that trades it 100:1. The NFT is locked in value because a bot guarantees stablecoin price based on the end of day rate. The value is guaranteed liquid (although possibly with delay) because the virtual stock has a real world counterpart that can be sold for full value. **Nothing Synthetic** Other key points. # Maintaining the PEG Making sure that the GLD token keeps its value is crucial. Nothing worst than a bot that say you are selling for $30 if after exchange you only get $20! In that regard every GLD token is backed 100:1 to HBD # Maintaining an offramp / liquidity If you sold the stock for $30 and have $30 in coin but can't move your profit back to the real world then things aren't great. In that regard the liquidity pool has more than enough value ($500) to cover most every withdrawl. In addition the $750 in HBD (staked) allow every GLD to be redeemed at par... with 3 days notice. # Dividends As each of those etfs were chosen because they pay out regular monthly distributions making sure that every holder gets their correct dividend is really important. Again, having a bot that looks for distributions daily and making sure that NFT holders get a full dividend and coin holders get 1/100th dividend is important. Luckily I have a bot that already distributes weekly distributions to GLD holders so I think that shouldn't take too long to code :) Side benefit: It is always good when off chain money comes onto HIVE and I love the idea of dividends coming from FIAT investments to HIVE wallets :)

# I want to get the bots up and running and try it
I still have work to do on the bots. Right now I have a bot that tracks the different NFT's and allows for their movement back and forth. I'll have to figure out a bot that allows transfer with payment, then price inquiry via API, and repurchase of sold NFT's. ***that is a lot of work*** If I can get that all running I'll do a sandbox with a fractional token to mimic the value of the NFT at a value of 1/100th the NFT. That will take time also.

# Those are my thoughts. I am grateful that LEO has made the TTSLA virtual token. I love the idea of a HIVE stock market. I am not large enough to do it on my own but I'm looking forward to making a sandbox version in the GLD community so others can see how it can be done. Not as an investment offering, but as a working model to show how it could function. How it looks when using real accounts, real stocks, real liquidity pools, and real bots. The real side benefit? It is a way to get off chain money back onto HIVE and I believe that is so important moving forward. Show people what HIVE can do AND how it can make HIVE stronger financially :) I like that dream. I would really love to get feedback though on whether it is a good idea, bad idea, terrible idea, or just something that another party has already done. Thanks for reading.

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