FAQs
How RealtyX Works?
Governance
RealtyX Foundation acts through the agreed directions and instructions from each SPDD.
SPDD members vote on distributions, smart contract upgrades and ways to improve the ecosystem.
RealtyX being a pilot project, will adopt a learning journey, continue to evolve and gain maturity and improve via community feedback.
Participants
Participants in the RealtyX ecosystem include property owners who place their properties on trust to be held by a standalone trustee entity.
Such properties shall only be leased out through properly licensed agents in the locality of the properties, and income collected by the trustee entity. The trustee entity will be audited by qualified auditors annually.
SPDDs are divisions of governance token holders, each relating to a property on the RealtyX platform. SPDD members make decisions in relation to their own property and instruct RealtyX Foundation to act according to their consensus. Such consensus include distribution of rental incomes and the sale of their relevant property. The decisions are made with SPDD members deploying each of their RealtyX SPDD Tokens (“RST”).
What happens if RealtyX DAO and related entities cease operations?
In the unlikely event of a shutdown, RST holders will remain unaffected. This resilience stems from the fact that each property interest is held by a trust and rental incomes segregated, and these interests are legally protected through a series of structuring and agreement. Essentially, the interests represented by the RST will remain secure.
It is important to note that building a robust DAO governance model is a complex and ongoing process. As RealtyX DAO matures, we will work closely with our community to refine our governance mechanisms and ensure that the DAO's direction aligns with the best interests of its members. While the legal structure provides a strong foundation for protecting RST holders, a well-functioning DAO governance model will be essential for the long-term success of the project.
About RST
What is RealtyX SPDD Tokens(RST)?
Each property interest is held by a trust and in turn, governance tokens are issued and held by the property specific Special Purpose Decentralised Division (“SPDD”). These governance tokens are RealtyX SPDD Tokens(“RST”), built under the ERC-20 standard on Base Blockchain. They are distinguished by two key features:
Governance: RST empower holders with voting capabilities, allowing them to actively engage in decisions that shape their relevant SPDD's future development. As RealtyX DAO's proposal vehicle becomes finalised, RST holders will have the opportunity to submit proposals, contribute to discussions and decisions, including but not limited to distribution plans for rental incomes of their relevant property interest.
Proof of Property Interests: Functioning as tangible evidence of participation, RST facilitates the shared ownership of property interests. Beyond simple stake-in-property assets, RST unlocks additional value through RealtyX platform's unique utilities and enriches the ownership experience.
Qualified users are able to purchase RST through the RealtyX platform.
What is the benefit of holding RealtyX SPDD Tokens(RST)?
RST holders can:
Participate in and hold governance right in SPDDs
Earn rental income from the underlying real estate
Unlock additional benefits, from exclusive utilities to amplified yields
Receive airdrop when RealtyX‘s ecosystem token, RX Token Generation Event (TGE) happens
Stay tuned for more benefits
How many RST can I acquire?
For each SPDD’s initial launch of a property, the minimum number of the RST you can purchase is one (1) token at the approximate cost of US$50. The maximum is fifteen (15)% of the available supply.
On the secondary market, you may buy and sell fractions of RST or whole RST from other holders.
Is there any chance RST holders won’t get rental income?
We select properties with high demand for rent. Normally, the property management company ensures that our properties are consistently rented out to secure rental income. Our properties will be unlikely to remain vacant for an extended period. However, in cases where a property remains unrented, no rental income will be generated.
What are the factors that may influence the value of RST?
Several factors can influence the value of RST. These can include but are not limited to:
Property Market Conditions: Fluctuations in the real estate market, including changes in demand and supply
Economic Conditions: Broader economic indicators, such as interest rates, inflation, and overall economic stability
Regulatory Environment: Changes in regulations and policies related to real estate and blockchain
Property-Specific Attributes: The physical condition of the property, amenities, and other specific attributes
Please also see our Risk Disclaimer. We evaluate the properties regularly to assist RST holders to gain insights to their RST.
Can I sell my RST?
Yes, RealtyX offers flexibility to exit your position. You can sell your RST on the secondary market or place a sell order at your desired price.
Please be aware, you will no longer have entitlement to the SPDD nor governance rights in the SPDD once you sell the corresponding RST, including your right of receiving rental income and other benefits.
Will RealtyX conduct a buyback of RST?
We are currently exploring the possibility of conducting a buyback of RST. As soon as we have finalized the details and timeline for this initiative, we will make an official announcement on our platform, Twitter, and community channels. Please stay tuned for further updates.
Will RealtyX sell tokenized properties?
Yes, RealtyX has a mechanism in place to sell tokenized properties. When our real estate experts determine that the market value of a property has increased by at least 10%, a community vote will be initiated. RST token holders will then vote on whether to sell the property. If the majority of voters approve the sale, RealtyX will promptly list the property for sale and strive to achieve the optimal selling price. Upon successful completion of the sale, RST token holders will receive a proportionate share of the proceeds in stablecoins based on their respective holdings.
RealtyX's Properties
Why did we start from Dubai?
Dubai's real estate presents significant appreciation potential, with an anticipated rise in property value over the coming decade. This is attributed to its diverse economy, fostering investment and employment opportunities, coupled with a projected population growth reaching 7.8 million by 2040. Still, the potential residential rental yield may also reach the range of 8% to 12% in selected areas.
Furthermore, Dubai currently has been prominent in its crypto-friendly regulations and policies. It is well posed to become an influential crypto and blockchain hub. Embracing the Dubai Web3 movement will unlock immense innovative potential for RealtyX.
How does RealtyX select properties?
RealtyX selects properties not only through meticulous screening but also by leveraging real estate market data provided by professionals. Only properties with potential high demand for rent will be considered.
In addition, property owners who intend to vest their property interests in the trust will be required to complete a thorough KYC procedure. We try our best to ensure both the property and its owner are reliable.
Who manages the properties listed on RealtyX?
Local professional property management company with a license is authorized to manage the leasing, collect rent from tenants and maintain the tenantable conditions of the properties.
Will RealtyX be tokenizing real estate in other markets besides Dubai?
While RealtyX plans to expand into other regions, it will be crucial to comply with local regulations regarding tokenization as well as assess the potential for property appreciation.
User Guide
Who is eligible to use services provided by RealtX?
Before using our platform protocol, users are required to complete ID verification to be onboarded as a member. This creates trust and identity-verified user base. You must be:
At least 18 years old;
Holding a valid ID or passport; and
Holding and provide a wallet under your own name (you are responsible for your own wallet security)
Due to restrictions, we're currently unable to provide services for residents or passport holders from specific countries and regions, please refer to our Terms of Use.
How do I get started?
Please refer to the following instruction:
Guide PDF
Why is KYC required?
Key reasons for implementing KYC:
Regulatory Compliance:
Many jurisdictions have strict KYC and AML regulations in place to prevent financial crimes.
Tokenization platforms must adhere to these regulations to operate legally.
Users Protection:
KYC helps verify the identity of users, reducing the risk of fraud and scams.
Market Integrity:
KYC helps maintain the integrity of the RWA market by preventing illicit activities like money laundering and terrorist financing.
It helps to build trust and confidence in the RWA ecosystem.
What payment methods can I use?
Primary market: Currently supports payment methods via Coinbase using cryptocurrencies on Ethereum, Polygon, and Base networks.
Secondary market: Currently supports Base USDC and will soon support stablecoins on the Plume network.
Which wallets support receiving RST?
RST is supported by a variety of popular wallets. If your wallet can interact with Ethereum-based tokens (EVM compatible), you can easily receive and manage your RST.
Please ensure that you securely manage your personal wallet and refrain from sharing any private information with others. RealtyX will never request your private key or mnemonic phrase. If anyone claiming to be from RealtyX asks for your sensitive personal information, please contact us immediately.
What are RealtyX's fees and transaction costs?
For the initial launch period, we charge two (2)% of the asset price as RealtyX’s platform fee for each property.
On our decentralised secondary market, we charge one and a half (1.5)% of the total RST as transaction cost from every order that has been submitted.
Please note that gas fees will occur when you carry out a transaction or other activities on the blockchain.
When does my wallet receive RST after payment confirmation?
Normally RST will be distributed in two working days after payment confirmation.
How often and how do members get rental income?
Currently, rent of each SPDD property will be sent to the registered wallet linked to a member's account on RealtyX’s interface platform in USDC on BASE network bi-weekly. You can check records of rent distribution in your account’s portfolio.
You will also receive our notification by email on a regular basis.
What features does Utility Vault provide?
Utility Vault aims to provide valuable features to RST token holders by leveraging the strengths of RWA tokens and our partners' capabilities. These features may include, but are not limited to, token mining, bridging, and lending. Please stay tuned for more updates.
How can I utilize the features provided by Utility Vault?
Simply holding RST tokens grants you access to these features. We also offer options for non-KYC users to participate. Specific rules for each feature may vary, please refer to the individual guidelines.
How to Become a Referrer?
RealtyX's Referral Program is designed to reward individuals who contribute to the growth of RealtyX by referring new users, currently it offers two tiers:
Premium Referrers: These individuals are invited to participate and enjoy exclusive benefits.
Regular Referrers: This tier is open to whoever purchases at least 1 RST on the primary market.
What are the rewards for referrers?
A 2% USDC bonus on each RST purchase made by the invitee.
Extra bonus on the invitee's participation in the Utility Vault, such as DeBox Mining, which offered a 10% bonus on the invitee’s daily mining rewards during the campaign. (Eligibility for additional bonus is determined by adherence to the specified rules.)
Why can’t I see the RST I purchased in my wallet?
To view your RST balance, you may need to manually add the RST contract to your wallet. Please check your wallet's specific instructions, such as MetaMask's guide.
Can I transfer my RST to another wallet?
If you want to update wallet of your current account, please contact us via discord or support@realtyx.co
If you want to transfer to someone else, please be aware, only wallets linked to accounts of RealtyX’s platform and complete ID verification are able to receive RST.
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