3.4 Token (NFT) Contract-Asset-Backed Token
a) The Token Contract ("NFT Contract") is a legal and technical document issued by the Fexse platform that contains general and immutable identifying information of tokenized assets based on physical or financial assets (Non-Fungible Token - NFT) and determines the conditions under which the trade, transfer, distribution of income and other transactions of tokens will be carried out.
b) The NFT Contract is published in draft format for informational purposes prior to the launch of the relevant NFT or tokens. Fexse reserves the right to modify this draft or to cancel it completely before launch.
c) The NFT Contract becomes effective and binding when the tokenised assets are released on the platform and the smart contract is simultaneously created on the blockchain.
3.4.1 Termination of the Token Contract
Sale of the reference asset,
Token redemption,
The contract automatically terminates in such cases.
3.4.2 Definitions within the scope of the NFT Contract
Symbol: Refers to the unique code of uppercase letters and numbers that identifies the NFT and Tokens.
Title (Contract Name): A clear expression that defines NFTs and tokens and allows them to be distinguished from others.
Total Supply: The total number of NFTs or Tokens created for the respective asset.
Trading Period: Indicates the time interval during which NFTs and Tokens can be traded.
Reference Asset: Describes the physical or financial asset on which the tokens are based (e.g., a piece of real estate, a work of art, a precious metal or a company share).
Release Date: Refers to the date the tokens are available for sale on the Fexse platform.
Initial Token Price: Represents the price at which NFTs and Tokens are first offered for sale on the market.
Maturity: The date when trading of NFTs and Tokens will end, calculated by adding the investment period to the launch date.
Revenue Distribution Schedule: Indicates the dates and conditions on which revenue share payments will be made to token holders.
Public Undertaking: The Fexse platform undertakes to be responsible for the management of the tokenized assets, to cover the necessary taxes, maintenance and repair costs, and to fulfill legal obligations.
3.4.3 Extension of the Token Contract
The maturity of the NFT Contract may be extended by the Fexse DAO in accordance with the principles set out in the NFT Contract and the Technical Documents (Yellow Paper).
Voting and decision-making processes are subject to the terms set out in the NFT Contract and the Yellow Paper.
The decision-making processes of the DAO are described in detail in the Fexse Technical Documents (Yellow Paper).
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