3.8 Sale of Tokenized Assets and Contract
a) The Fexse platform manages the sale of tokenized assets (real estate, artwork, precious metals, company shares and other assets) and the contract termination of NFT tokens linked to these assets in accordance with the relevant NFT Contract and Yellow Paper (or Technical Documents).
b) The sale of a tokenized asset and the termination of the relevant NFT Contract may be subject to different procedures for each type of asset. The sale and contract termination processes are defined on an asset-specific basis in the relevant NFT Contract and technical documentation. Therefore, the details of the sale procedure or process management are determined separately for each asset.
3.8.1 Authorizations Regarding the Sales Process
How the sale will be executed will be determined by the DAO mechanism and the processes defined in the relevant NFT Contract and the Yellow Paper.
The DAO can decide to sell through the tier system and voting processes.
All processes for asset sales are specified in the relevant asset-specific technical documentation.
3.8.2 Termination of the Contract
The contract shall be deemed terminated in the following cases:
Upon the sale of the reference asset,
In the event of a buyback of NFT tokens,
Upon the expiration of the maturity period specified in the NFT Contract.
In the case of maturity expiration, the relevant NFT Contract shall automatically terminate.
3.8.3 Income Distribution and Final Payments
Token holders' income entitlements are calculated according to the Terms and Conditions of the NFT Contract and the Yellow Paper.
The net proceeds from the sale, after deducting selling expenses, taxes and legal costs, are distributed to token holders as Fexse Earnings Share.
The revenue distribution model is clearly stated in the smart contract and technical documentation of the respective asset.
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