To ensure security and legal compliance, ResortX requires Know Your Customer (KYC) procedures for all property purchases and rentals. This verification process has full legal compliance.
ResortX is committed to a fair launch, distributing tokens equally among participants. The platform has a 3.3% tax mechanism, which will eventually drop to 0%. RestX tokens can be traded on exchanges like KCEX, offering liquidity. Users also earn RestX airdrops for each transaction, incentivizing engagement.
Houses offered through ResortX tokenization process are tangible, real world properties – not virtual or metaverse housing.
In order to represent ownership of a property on the blockchain with tokens, our properties go through a process called Asset Tokenization.
Asset tokenization is the process by which the ownership of a
real estate asset is represented by tokens.
The real
estate asset is held by a company whose ownership shares are
represented by tokens on the blockchain. By holding these
tokens, you become a co-owner of company and by extension the
asset itself. Tokens are legally equivalent to traditional
ownership units, meaning you gain all rights of a shareholder or
member outlined in each property’s operating agreement.
The ResortX RWA Token is an on-chain representation of all ResortX real estate assets. By holding the token, you benefit from appreciation and cash flow from the assets.
RWA Tokens are able to be recovered in the event you lose your
wallet due to the nature of our Asset Tokenization process. If
you ever lose your wallet, you can simply re-KYC with another
wallet and be re-issued the lost tokens. Tokenization is meant
to be a secure and safe way to invest in real estate.
NOTE:
If tokens are sold from your wallet, the ResortX team will have
no way to retrieve them. If you do not intend to trade tokens,
it is advised to set your secondary limit on the dashboard to 0.
Yes, RWA Tokens are considered securities. KYC is required to purchase and certain geographic restrictions apply.
Net cash flows and capital appreciation from properties are reflected in the value of the RWA Token. The current value can be viewed on the RWA page of the ResortX App and exchanged for this price.
For instant liquidity you can trade Asset Tokens on DS Swap. For larger trades, please utilize our OTC trading feature. The OTC direct trading prices are determined by the sole discretion of ResortX, and ResortX reserves the right to decline requests for any reason.
If a tenant does not pay rent on time, rental yields may be delayed until receiving payment from the tenant. In the case a property becomes vacant, the ResortX team will attempt to line up a new tenant prior to the existing tenant leaving. If no tenant is found for an extended period of time ResortX may issue Rental Vouchers to cover the part of the lost rental income.
ResortX Real Estate NFTs are stylized 3D NFT models of the real-world properties sold on ResortX platform. The NFTs are used to multiply the yields of the real estate asset by granting additional ResortX Token rewards.
The entity which owns the assets is separate from ResortX and wholly owned by the token holders. The tokens will always represent the principal value of the underlying asset.
The ResortX Token is the native utility token of the ResortX platform and does not represent the value of real estate assets. Each asset token purchase is paid partially in ResortX Tokens.
