General Information of SUMX Token

The Summer Point Token (SUMX) is an investment digital token backed by real estate assets in Thailand. It is issued and offered under the supervision of the Securities and Exchange Commission (SEC) of Thailand, complying fully with regulations governing the real estate business and digital asset innovations.

Initial Coin Offering (ICO)

The Issuer Co., Ltd., the issuer of SUMX and the trust’s founder (“token issuer”), has set the fundraising target through the SUMX initial coin offering (ICO) at 450 million THB, with a maximum of 900,000,000 tokens available for sale. Token X Co., Ltd. (“Token X”) serves as the ICO portal provider. The offering price is 0.50 THB per token. Upon completion of the ICO, tokens will be generated and allocated to investors as detailed in the Whitepaper.

Underlying Asset

SUMX tokens are backed by “Summer Point,” a real estate property located on Sukhumvit 69, directly connected to BTS Phra Khanong Station. The property has a total leasable area of 5,774 square meters, with approximately 1,200 square meters per floor available for lease.

Rights of SUMX Holders

SUMX holders are entitled to receive returns in Thai Baht (THB) through two payment methods:

1. THB credited to a cash balance or THB wallet: Applicable for holders storing SUMX tokens on a digital asset exchange (Withdrawal fees may be applied as per exchange service conditions).

2. Direct bank transfer: Applicable for holders storing SUMX tokens in a digital wallet (Token X) and opting for direct deposit to a registered bank account.

Investment returns are derived from net rental income and principal repayment, with a projected Internal Rate of Return (IRR) of approximately 10%. Interested investors should refer to the Whitepaper for further details.

Payout Schedule

SUMX holders are entitled to receive returns quarterly, consisting of:

1. Dividends

• Derived from rental income after deducting all operating expenses.

• Distributed every quarter (Please refer to the details in the “Rights of SUMX Holders” section).

2. Principal Repayment

• The token issuer will repay 1.0% of the initial fundraising value to token holders quarterly (along with dividend payments).

Token Burn Process

SUMX tokens will undergo a burning process starting in 2025 until 2049 (end of the project). Tokens will be gradually burned as the issuer repays the principal each quarter. 

The schedules and related information may be released further by the token issuer in advance as necessary.

* The information in this article is subject to change based on the issuer’s operational policies. Investors should carefully review the Whitepaper, understand the associated risks, and study the project information at https://summerpointtoken.finance/.