Tokens Comparison
Definition & Purpose
Parent token (ERC1122) used for lifecycle management of a property. Defines the state of the asset (normal, suspended, liquidated, etc.), which directly governs related $A_20_n’s rights and distributions.
Child token (ERC20) directly linked to the same property as $A_1122_n. Represents fractional ownership of rental income and proceeds.
Yield-bearing note backed by a pool of $A_20_n across properties, designed as a standardized, liquid investment product.
Underlying Asset Link
A single property as the “anchor,” but it does not itself carry income rights. Instead, it regulates the distribution of that property’s income to $A_20_n holders.
Same property as $A_1122_n, but fractionally allocated into units for investors.
A diversified pool of multiple $A_20_n tokens.
Denomination & Unit
1 Token = 1 Property (ERC1122).
Fungible ERC20 tokens (1 million units per property).
Fungible, multi-chain (ERC20 / other chain standards).
Holder Rights
No direct claim on income. Rights lie in lifecycle governance (e.g., asset suspension, liquidation).
Pro-rata claim on the property’s rental income and future proceeds.
Pro-rata claim on pooled rental income (after deducting management fees).
Primary Use Case
Asset lifecycle anchor: governs status, ensures compliance, and serves as legal mapping.
Accessible entry point for investors; tradable; basis for staking into REY protocol.
Yield-bearing, liquid, composable asset for trading and DeFi integration.
Liquidity
Non-tradable (custody/proof of property identity).
Tradable within NeoMason ecosystem and secondary markets.
Freely tradable on secondary markets and DeFi protocols.
Yield Source
None directly. Yield is only realized through $A_20_n.
Rental income distributed monthly from the underlying property.
Aggregated rental pool income from multiple properties, net of management fees.
Token Standard
ERC1122 (lifecycle-managed, non-fungible).
ERC20 (fungible, divisible).
ERC20-compatible (fungible, yield-bearing note).
Minting Method
Minted upon onboarding of property with verified legal/compliance documents.
Minted alongside $A_1122_n, fractionally mapped to the same property.
Minted when $A_20_n is deposited into the REY protocol.
Risk Factors
Regulatory or lifecycle risks (if property enters dispute, liquidation, or suspension).
Exposure to property-specific risks (vacancy, legal disputes, management inefficiency).
Pooled risk exposure: diversified property performance + protocol/management risks.
Last updated