7.2 Smart Contracts and Project-Specific Tokens

Instead of using a generic NFT standard, Asset Avenue employs project-specific SPL tokens (Solana Program Library) for each real estate project. These tokens represent fractional shares in the legal SPV (Special Purpose Vehicle) that owns the property. Each project token is:

• Issued on Solana when a new SPV is created.

• Backed by real-world ownership through the legal framework of the platform.

• Tradable within the Resale Hub, where prices are set by holders based on perceived market value.

The smart contracts also enforce:

• Staking mechanisms for membership access.

• Income distribution from rental revenues.

• Transfer permissions and compliance logic.

• Governance participation rights within the SPV DAO.

Each SPV has its own token ecosystem, smart contract logic, and DAO infrastructure to ensure tailored governance and asset-specific functionality.