9.2 Project-Level Governance

Each real estate project listed on Asset Avenue is managed by its own SPV (Special Purpose Vehicle). For every property, a separate legal entity is created to hold title and execute legal obligations. This SPV is linked to a dedicated token representing fractional ownership of that property.

Ownership of these property-specific tokens gives users not only economic rights (e.g., rental income, appreciation) but also voting rights in the SPV DAO associated with that asset.

Responsibilities of SPV DAO Members:

• Asset Management Oversight: Token holders collectively decide on how the property is managed, this includes choosing or replacing property managers, approving renovation budgets, deciding whether to refinance, or even selling the asset entirely.

• Revenue Distribution: The DAO decides on how often profits are distributed (e.g., quarterly or annually), the percentage of profits reinvested, and how rental yields are handled.

• Maintenance and Improvement Proposals: Members can propose upgrades, repairs, or enhancements to the property and vote on how they are funded.

• Transparency and Reporting: Every quarter, the property manager must publish a financial and operational report. This is uploaded on-chain and serves as the basis for DAO discussions and voting.

Participation Rules:

• Only verified members of the platform (KYC-verified and staked) can buy into SPV tokens.

• Token holders can delegate their votes to trusted members or governance councils if they prefer passive involvement.

• A quorum (minimum voting participation) is required for major decisions like asset liquidation or structural modifications to governance.