F.A.Q

General

What is the Wilda Watch Tokenization Platform?

It’s a decentralized application (dApp) where watch enthusiasts and investors can buy, sell, and trade tokenized shares of high-value watches. The platform utilizes WATCHn tokens and operates on blockchain technology to ensure secure and transparent transactions.

Tokens: purchasing and selling

What are the rights attached to a Token?

A Token represents the ownership of a portion of a watch (generally 1%), it also gives governance rights over the sale and also over the purchase of new watches.

How do I purchase tokens for a new watch?

You can :

Pay in cryptocurrency (USDC) to mint WATCH tokens (e.g., WATCH1, WATCH2, WATCH3) which are then sent to your wallet, subject to availability.
Or Sign up with an email or social login. A wallet is automatically assigned, and you can pay in fiat (€) via bank transfer, credit card, Apple Pay, or Google Pay. The smart contract mints and sends tokens to your wallet, subject to availability.

How can I sell my tokens?

Wilda sets up liquidity pools on platforms like Uniswap or Balancer. You can sell your tokens for USDC within the liquidity limits set by the platform.

Directly swap your WATCHn tokens for USDC using your wallet.
Or Use Wilda’s simplified interface for swapping WATCHn tokens for USDC.

How do I buy tokens on the secondary market?

You can :

Swap USDC for WATCHn tokens using your wallet.
Or Use Wilda’s simplified interface to swap USDC for WATCHn tokens. Note: Requires USDC.

How can I transfer my tokens to someone else?

You can :

Transfer tokens to another wallet directly.
Or Use Wilda’s simplified interface to transfer tokens to your own or a third party’s wallet.

How can I acquire a watch I have tokens in?

If you hold at least 15% of the WATCHn tokens for a watch, you can propose to buy the watch at a price equal to or higher than the estimated price on WatchCharts.com.
Other token holders can make higher bids within 7 days. The highest bid wins. The winner must pay for the unowned tokens within 7 days, or their tokens will be burned.

About the watches

How is a watch sold at the end of its holding period?

Token holders can propose to sell the watch, specifying a minimum price (above the WatchCharts.com estimate) and auction duration.
If the proposal is made within 2 years from the tokens’ issuance, the minimum price must be 20% higher than the purchase price. If approved by vote, the watch is sold via auction in cryptocurrency, with the buyer covering all associated fees.

What happens when the watch associated with my tokens is sold?

When a tokenized watch is sold, either through buyback by a token holder or at the end of its holding period, token holders can exchange their tokens for the USDC received from the sale.
This process removes their co-ownership of the watch, and they relinquish all rights to it post-sale.
Non-expert users may have an option to convert USDC to fiat currency through services like Transak or Ramp.

Where are the watches stored?

The watches are stored in a bank vault, in the future the watches will be stored under customs in a free port.

How can I be certain of the authenticity of the watches?

The watches are purchased from watch professionals who guarantee their authenticity. We go further by having a certificate established by an independent third-party expert.