RealX is an investment token (Asset-backed token) issued by Real Estate Exponential Company Limited (“RealX issuer”) while the initial coin offering (ICO) portal is provided by Token X Company Limited. The following 3 condominium projects are the sources of income for token holders according to the rights specified in the token white paper.
Park Origin Phrom Phong (up to 138 units)
Park Origin Phayathai (up to 123 units)
Park Origin Thonglor (up to 100 units)
Initial coin offering (ICO)
The ICO period took place from 1 July 2023 to 31 August 2023 with the offering price at 182 Baht per token through the Token X application. The target value of ICO was set for 2,400 - 3,500 million Baht (approximately 19 million tokens offered). Kindly note that the details are subject to change solely according to the management plan of the token issuer.
Rights of token holders
The token holders have the right to receive the following benefits.
1. The right to receive the guaranteed quarterly returns from the net rentals in the first 5 years of the project (at 4.00%, 4.25%, 4.50%, 4.75%, and 5.00% per year respectively according to the digital token offering value).
2. The right to receive returns from the sale of condominium units of the project.
3. The right to vote in the token project.
Remuneration schedule
The token holders must hold the RealX tokens at 12:01 AM on the 6th day after the 28th or the 29th of February (whichever date is the last day of the month in the year), and on the 15th of May, August, and November of each year until the end of the token validity.
Token burn
In the event of a project asset sale, the RealX issuer will burn tokens in proportion to the number of square inches of the units sold so that the number of tokens remains close to the remaining space of the project assets until all tokens are burned, at which point the RealX token issuer sells all of its units. However, the token burn will begin only from the 6th year onwards after the trust’s founded date. Further notices may be released accordingly.
* The information in this article is subject to change depending on the operational and management plan of the token issuer. Please be advised to study the token white paper (reference) and risks thoroughly before investing. For more information, please visit https://realxtoken.finance/en.
Was this article helpful?
That’s Great!
Thank you for your feedback
Sorry! We couldn't be helpful
Thank you for your feedback
Feedback sent
We appreciate your effort and will try to fix the article