Mosaics are part of what makes the Smart Asset System unique and flexible. They are fixed assets on the NEM blockchain that can represent a set of multiple identical things that do not change.
A mosaic could be a token, but it could also be a collection of more specialized assets such as reward points, shares of stock, signatures, status flags, votes or even other currencies.
Each mosaic has a unique identifier and a set of configurable properties. During the mosaic creation, you can define:
| Property | Type | Description |
|---|---|---|
| Divisibility | Integer | Determines up to what decimal place the mosaic can be divided. Divisibility of 3 means that a mosaic can be divided into smallest parts of 0.001 mosaics. The divisibility must be in the range of 0 and 6. |
| Duration | Integer | Specifies the number of confirmed blocks the mosaic is rented for. To create non-expiring mosaics, leave this property undefined. Duration is allowed to lie up to 3650 days (10 years). |
| Initial supply | Integer | Indicates the amount of mosaic in circulation. The total supply must be in the range of 0 and 9,000,000,000. |
| Supply mutable | Boolean | If set to true, the mosaic supply can change at a later point. Otherwise, the mosaic supply remains immutable. |
| Transferability | Boolean | If set to true, the mosaic can be transferred between arbitrary accounts. Otherwise, the mosaic can be only transferred back to the mosaic creator. |
NEM works with absolute amounts, removing the comma when the mosaic can be divisible. To get an absolute amount, multiply the amount of assets you want to create or send by 10divisibility.
For example, if the mosaic has divisibility 2, to create or send 10 units (relative) you should define 1000 (absolute) instead.
The cost of creating a mosaic is configurable per network. By default, it has a cost of 500 cat.currency plus transaction fees.
A private company, ComfyClothingCompany, decides that it wants to go public. Instead of a traditional IPO, the company decides to do an STO to issue tokens through the NEM platform.
Thus, the company must create a mosaic to represent shares to their company. Here is how the company might configure the mosaic properties:
| Property | Configuration |
|---|---|
| Duration | undefined |
| Divisibility | 2 |
| Initial supply | 1000000000 (10.000.000,00) |
| Supply mutable | true |
| Transferability | true |
Duration: Shares of the company should exist as long as the company is in business. The ComfyClothingCompany leaves this property undefined, creating a non-expiring mosaic representing their assets.
Divisibility: Although brokerages and investment firms can fractionalize shares, the traditional minimum number of shares an investor can purchase from the open market is 1.
However, NEM mosaics offer more flexibility in tokenizing their company shares. ComfyClothingCompany chooses the divisibility to be 2, allowing the smallest fraction of their shares to be 0.01.
Fractional ownership, along with the ability to trade 24/7, brings additional liquidity to the market. These same characteristics also open up the market to smaller investors.
Supply: ComfyClothingCompany sets the initial supply of the mosaic to a typical startup amount of 10.000.000 authorized shares. As the company grows, it could choose to increase the number of shares, so the supply mutable is set to true.
Transferability: Once the initial shares are distributed, the shares will be on the market to be traded in public. Thus, the transferability property needs to be set to true.
Follow this guide to create a mosaic.
Alter the supply of a mosaic following this guide.
Getting the mosaic information
Get the ownership, divisibility, duration, and flags for a given mosaic identifier.
Note
Configuration parameters are editable . Public network configuration may differ.
Announce a mosaic definition transaction to create a new mosaic.
Version: 0x02
Entity type: 0x414D
Inlines:
| Property | Type | Description |
|---|---|---|
| mosaicNonce | uint32 | Random nonce used to generate the mosaic id. |
| mosaicId | uint64 | The mosaic Id. |
| propertiesCount | uint8 | The number of elements in optional properties |
| flags | MosaicFlag | The mosaic flags. |
| divisibility | uint8 | The mosaic divisibility. The maximum divisibility is 6. |
| properties | array(MosaicProperty, propertiesCount) | The optional mosaic properties. |
Announce a supply change transaction to increase or decrease a mosaic’s supply.
Version: 0x02
Entity type: 0x424D
Inlines:
| Property | Type | Description |
|---|---|---|
| mosaicId | uint64 | The id of the affected mosaic. |
| direction | MosaicSupplyChangeDirection | The supply change direction. |
| delta | uint64 | The amount of supply to increase or decrease. |
| Property | Type | Description |
|---|---|---|
| id | uint8 | The property id. (0x02) stands for duration. |
| value | uint64 | The mosaic property value. |
| Property | Type | Description |
|---|---|---|
| mosaicId | uint64 | The mosaic id. |
| amount | uint64 | The amount of the mosaic. |
| Property | Type | Description |
|---|---|---|
| mosaicId | uint64 | The mosaic id. |
| amount | uint64 | The amount of the mosaic. |
Enumeration: uint8
| Id | Description |
|---|---|
| 0x00 | No flags present. |
| 0x01 | The mosaic supply is mutable. |
| 0x02 | The mosaic is transferable. |
Did you find what you were looking for? Give us your feedback.
