Author Description

The author of this proposal is the RealtyX core team.

The RealtyX team is committed to building a transparent, decentralized real estate platform through onchain real-world asset tokenization. RST0001 was the platform’s first tokenized property and has now completed a full operational cycle, including issuance, rental income, and market appreciation.

Given that the current property valuation has increased significantly compared to the original acquisition cost, we believe this is a prime opportunity to liquidate the asset and distribute both the initial capital and capital gains to RST0001 holders.

Proposal Overview

Summary

We propose initiating the liquidation process of RST0001—Bayz by Danube, a fully tokenized property located in Dubai Business Bay. The goal is to realize capital gains and distribute the proceeds to all RST0001 token holders proportionally.

This marks the first full-cycle exit in RealtyX history—triggered by a notable increase in property valuation—and opens the door for a sustainable, recurring real-world value stream.

Background

Property Summary:

RST0001 represents 100% of the tokenized net rental revenue rights of a fully managed 1-bedroom, 2-bathroom residential unit located in Bayz by Danube, a prominent development in Business Bay, Dubai.

Tokenization Details:

• Token Supply: 6,386 RST tokens
• Initial Token Price: $50
• Total Issuing Value: $319,300
• Current Token Value: $52 (+4% from issuance)
• Current Token Market Cap: $332,072

Rental Performance:

• Lease Start Date: March 1, 2024
• Status: Actively rented
• Net Rental Yield: ~7.70% annually (net of fees and maintenance)
• Rental income is distributed to RST holders on a monthly basis in USDC.

Asset Valuation & Appreciation:

• Latest Estimated Property Value: $351,230
• Asset Price Growth: +10.0% from original issuing value ($319,300)
• Valuation is based on recent sales of comparable units via Property Finder, pending confirmation upon actual liquidation event.

With full distribution completed and the property operating at peak rental income, RealtyX believes it's an opportune time to consult token holders on exiting the position to realize both rental and capital returns.

Proposal

RealtyX proposes to:

1. List the property for sale at current market valuation (or best competitive offer).
2. Allocate net proceeds as follows (subject to final execution details):

• 97.5% to be distributed proportionally to all RST0001 token holders;
• 2.5% allocated as a service charge to cover operational and transaction-related costs.

Note: The service fee will be applied at the point of token redemption, with flexible payment options—see Step 4 for details.

3. Distribute funds on the Base chain in USDC via RealtyX smart contracts, with a transparent claim mechanism and fully traceable on-chain records.

Benefits to RST0001 Holders & RealtyX Ecosystem

• First Complete RWA Exit on RealtyX: Validates the tokenized real estate model and sets precedent for future asset exits.
• Real Yield Realized: Realized capital gains are distributed onchain to token holders.
• Market Signal: Demonstrates that RealtyX RWA tokens are not just proof of property rights but exit-enabled, liquid assets.
• Platform Sustainability: Frees up capital to explore new property acquisitions and next-phase token offerings.

Definitions

• RealtyX: RealtyX is a real estate RWA (Real World Asset) launchpad powered by the RealtyX DAO. By leveraging blockchain technology, it tokenizes real estate assets and offers RWA tokens. These tokens go beyond simple property revenue rights, unlocking additional value through the platform's unique utilities and enriching the RWA experience.
• RST0001: First RealtyX property token on Base network, representing fractional property revenue rights of a Dubai real estate unit.
• Liquidation: Asset sale followed by onchain payout to token holders.
• Stablecoin: A blockchain-based digital currency pegged to a fiat currency, used for final payouts.

Implementation Plan

Step 1: Halt Rent Distribution & Keep Secondary Market Open Upon proposal approval, RealtyX will stop rental income distribution for RST0001. This is to prepare the property for listing, which requires ending the lease and vacating the unit to facilitate a timely sale. The token’s secondary market will remain open for trading until the redemption.

Step 2: Appoint Agent & Sell Property A licensed real estate agent will be engaged in Dubai to list and sell the Bayz by Danube property at a competitive price.

Step 3: Convert Proceeds to USDC Once sold, proceeds will be converted into USDC and secured for onchain payout.

Step 4: Enable RST Redemption Holders of RST0001 will be able to redeem their tokens for USDC through the official RealtyX redemption interface once funds are available onchain.

A service fee will be charged at redemption:

• 2% if paid in RX;
• 2.5% if paid in USDC.

Step 5: Publish Transparency Report RealtyX will release a post-sale report detailing sale price, fees, proceeds distribution, and final redemption status to ensure full transparency.

Note on Risk and Timing

While we anticipate a capital gain of approximately 10%, this is not guaranteed and remains subject to market conditions at the time of sale.

Based on current buyer demand and location appeal, we estimate the transaction could complete within 1 to 2 months after the vote concludes — though it may take longer depending on negotiations and legal procedures.

Governance & Voting Framework

We empower our community to co-govern through transparent and decentralized voting conducted on Snapshot, a gasless off-chain voting platform. All token holders can vote directly using their wallet holdings — no delegation or staking required.

The voting period for the RST 0001 sale proposal runs for 14 days, starting from 24 July 2025 at 9:00 AM UTC and ending on 7 August 2025 at 9:00 AM UTC.

Proposal Voting Structure

We adopt a Standard Voting Model on Snapshot:

• Each wallet’s voting power is directly proportional to the number of $RST tokens it holds at the time of the snapshot.
• Voting options include: Yes, No, and Abstain.
• Voting is final — once submitted, votes cannot be changed.

Passing Criteria

To ensure fairness and community consensus, proposals must meet the following benchmarks:

Voting Eligibility

• Any wallet holding $RST at any time before the voting deadline is eligible to vote. Voting power is based on your token balance at the time of voting.
• No staking or delegation is required.
• Voting is gasless and conducted entirely via Snapshot.org.