Tokens on the Token Realty Exchange platform represent collateralized equity derived from property portfolios. These tokens are secured by a UCC1 filing and reflect equity values determined by Automated Valuation Models (AVM). Each token corresponds to a segregated portfolio within Token Realty Exchange Series LLC, offering a secure, decentralized investment into specific locations in the real estate market. Tokens are not securities and function as OTC (over-the-counter) commodities. They are traded exclusively on the Token Realty Exchange platform.

Collateralized equity is the portion of a property’s equity that is used as collateral to back the tokens issued on the platform. This equity is secured by a UCC1 filing, ensuring that the token's value is protected. The equity amount is dynamically adjusted based on AVM data, reflecting market trends. In traditional property sales, the collateralized equity can be transferred via a UCC3 or new UCC1 filing, with the payoff applied as a down payment for the new buyer.

Licensed real estate brokers on the platform can: ● Tokenize properties by converting property equity into tokens. ● Onboard additional broker partners. ● Manage white-label user interfaces and subdomains for their partners. Brokers follow an onboarding workflow to set up accounts, including code verification, subdomain configuration, and domain admin access..

Licensed financial advisors can: ● Facilitate the trading of tokens on their own user interfaces with minimal direct interaction. ● Assist users in submitting sell orders when there is insufficient liquidity in the USDC pool for an additional 2% fee. ● Participate in an annual license auction to maintain their ability to use the platform.

Sales managers can: ● Onboard both brokers and financial advisors as partners. ● Track partner performance through a dedicated user interface.

The app facilitates real estate tokenization and trading through a decentralized, algorithmic system. Key features include: ● Tokenization Workflow: Property owners tokenize equity by securing it with a UCC1 filing and converting it into tokens. ● Trading Interface: Users can buy and sell tokens on the platform’s primary and secondary markets. ● Partner Tools: Brokers, financial advisors, and sales managers have dedicated interfaces to manage deals and partners. ● Decentralization: The platform operates without centralized management, governed by immutable bylaws and voting mechanisms for licensees. ● Third-Party Administrative Functions: The app uses third-party segregated administrative functions to maintain compliance with its decentralized nature. These functions, which may include training, filing, legal, and cybersecurity, are managed at the sole discretion of the software licensor. All transactions are conducted in USDC for stability and transparency

Charges for KYC/AML verification and app features ensure platform security, compliance, and operational sustainability. These fees cover: ● KYC/AML Verification: Required to prevent fraud and maintain legal compliance. Users pay a one-time fee of $5 per verification. ● Broker and Advisor Fees: Licensing fees and app feature charges support platform maintenance and continuous development.

Tokens on the platform are not securities; they function as OTC commodities tied to real estate market equity. Their value is derived from AVM-based collateralized equity rather than direct property ownership. This structure allows tokens to represent macro-level investments in specific property markets without the complexities of securities regulations.

The platform is governed by Token Realty Exchange DAO LLC, a decentralized autonomous organization (DAO). Key points include: ● Immutable Bylaws: Rules and operational guidelines cannot be altered without adhering to strict processes. ● No Central Management: Decisions are made through voting by licensed brokers, financial advisors, and sales managers. ● Segregated Portfolios: Each token portfolio operates as its own DAO within Token Realty Exchange Series LLC, ensuring autonomy and security.

Licenses for brokers, financial advisors, and sales managers are awarded through an annual auction (December 28th to December 31st). Details include: ● Renewals: Licensees can renew for 5% of their annual revenue. Failure to renew by the 362nd day forfeits the license. ● Unsold Licenses: Available post-auction with a 10% monthly discount.

USDC is a stablecoin pegged to the U.S. dollar, providing stability, transparency, and efficiency for transactions. This reduces volatility risks associated with other cryptocurrencies and ensures consistent valuations for tokens and fees.

All users are bound by an arbitration agreement to resolve disputes efficiently and fairly. This agreement can be reviewed in the documents section of the tokenrealty.exchange website.

All collateralized equity and liquidity pools are held by Token Realty Exchange Series LLC in Wyoming. This structure provides liability protection and ensures secure management of tokenized portfolios.

The platform operates under the governance of Token Realty Exchange DAO LLC in Wyoming. The DAO governs platform operations, while independent brokers handle tokenization processes. The founder acts as the licensor of the software and retains oversight to ensure compliance with the bylaws

No, the DAO cannot be dissolved except by court order. There is no provision for dissolution through voting, breach of agreement, or sale of assets.