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<p> <strong>CREATING A NEW UIA</strong></p>
<p>In order to create a new asset, we first need to enter our account’s asset page and click <strong>CREATE ASSET </strong>: </p>
<p><img src="https://www.steemimg.com/images/2016/08/20/185bee.png" width="1195" height="443"/></p>
<p> We will enter the asset creation page that will allow us to define the assets parameters.</p>
<p> <strong>PRIMARY SETTINGS</strong></p>
<p>The most important settings are listed in the primary settings. </p>
<p><img src="https://www.steemimg.com/images/2016/08/20/uia-create-flags-marketfees39c57.png" width="555" height="821"/></p>
<p> The <strong>Symbol</strong> defined here will be reserved in the system for your assets. One the asset is created, the symbol cannot be changed again! </p>
<p><em> </em><em><strong>Note : </strong></em><em>Smybols with less than </em><em><strong>5</strong></em><em> characters are very expense. Please consult the Networks fees in the explorer! </em></p>
<p> The <strong>maximum supply</strong> is also a permanent setting and denotes the maximum amount of shares that can ever exist at the same time.</p>
<p>The <em>precision</em> is used to denoted the number of decimal places. A 0 will result in an asset that cannot be separated below integer amounts (e.g. 1, 2, ..).</p>
<p>To allow transaction fees to be paid in the native asset, a core exchange rate is required at which a customer can implicitly trade the UIA into BTS from the asset’s <em>fee pool</em>. This also requires that the fee pool is funded (e.g. by the issuer). Since all prices in BitShares are internally represented as <em>fractions</em> (i.e. a/b), we need to define a ratio between quote (the UIA) and base (BTS), i.e. the numerator and denominator for price = a/b.</p>
<p>Finally, a <strong>description</strong> can be used to let everyone know the purpose of the asset, or an internet address for further information. </p>
<p> <strong>PERMISSIONS (OPTIONAL)</strong></p>
<p>Even though the default settings should be fine for most UIAs, we have the option to <strong>opt-out</strong> of some available features. (By default, or permissions are <em>enabled</em>). </p>
<p> <em><strong>Note : </strong></em><em>Once a permission has been set to false, the permission cannot be reactivated! </em></p>
<p><img src="https://www.steemimg.com/images/2016/08/20/uia-create-permissions6cc00.png" width="555" height="668"/></p>
<p> We have the options to opt-out of:</p>
<ul>
<li>Enabling Market Fees</li>
<li>Requiring holders to be white-listed</li>
<li>Allow Issuer to withdraw from any account</li>
<li>Require all transfers to be approved by the issuer</li>
<li>Allow to disable confidential transactions</li>
</ul>
<p>Note that setting these permissions does not imply that the features is enabled. To do so, we would also require to enable the corresponding flag(s). (See below).</p>
<p> <strong>FLAGS AND MARKET FEES (OPTIONAL)</strong></p>
<p>The flags are used to <em>actually enable</em> a particular features, such as market fees or confidential transfers. </p>
<p><img src="https://www.steemimg.com/images/2016/08/20/uia-create-primary-settingseea00.png" width="555" height="842"/></p>
<p> If we have set the permission to have a market fee, we can enable the market fees here and set a percentage and max. fee.</p>
<p>We here also can enable the requirements for users to be white-listed, enable confidential transfers and give the issuer the power to withdraw its asset from customer accounts. </p>
<p> <strong>ISSUING SHARES</strong></p>
<p>After creating the asset, no shares will exist until the issuer <em>issues</em> them: </p>
<p><img src="https://www.steemimg.com/images/2016/08/20/uia-create-issue-183d03.png" width="1003" height="558"/></p>
<p> </p>
<h2><strong>THE ASSET CREATION FEE</strong></h2>
<p>The asset creation fee depends on the length of your symbol. 3 Character Symbols are the shortest and are rather expensive while symbols with 5 or more characters are significantly cheaper.50% of the asset creation fee are used to pre-fill the assets fee pool. From the other 50%, 20% go to the network and 80% go to the referral program. This means, that if you are a life-time member, you get back 40% of the asset creation fee after the vesting period (currently 90 days). </p>
<p><em>source : http://docs.bitshares.org/bitshares/tutorials/uia-create-gui.html</em></p>
<p>#bitshares #asset #UIA</p>
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