Appendices
Appendices
Glossary of Terms
Blockchain: A decentralized digital ledger that records transactions across multiple computers. Blockchain technology ensures that transaction data is secure, transparent, and immutable.
Tokenization: The process of converting rights to an asset into a digital token on a blockchain. In the context of Oases, real estate properties are tokenized to allow fractional ownership.
Fractional Ownership: A method of property ownership where multiple investors hold shares or tokens that represent a portion of the property. This allows investors to own a fraction of a high-value asset without needing to purchase the entire property.
Oases Points: The native utility coin of the Oases platform, earned through pre-sale token purchases, community activities, and referrals. Points can be redeemed for various benefits, including discounts, free stays, and additional property tokens.
Governance: A system through which token holders participate in key decisions affecting the property. Each token represents a vote in decisions such as property sales or major renovations.
Liquidity: The ability to quickly buy or sell an asset without affecting its price. Oases enhances liquidity by enabling the trade of property tokens on its digital exchange.
KYC/AML: Know Your Customer (KYC) and Anti-Money Laundering (AML) are regulatory processes that verify the identity of investors and prevent financial crimes. These processes are mandatory for compliance and security on the Oases platform.
Pre-Sale Tokens: Tokens sold during the initial token offering at a fixed price, representing a commitment to purchase property tokens once the property is acquired and tokenized.
Smart Contracts: Self-executing contracts with the terms of the agreement directly written into code. Smart contracts on the Oases platform automate transactions and ensure they are secure and transparent.
Technical Specifications
Arweave Blockchain: Oases utilizes the Base blockchain for its tokenization model. Base is chosen for its unique benefits, including:
Permanent Storage: Base ensures that data is permanently stored on its blockchain, providing a secure and unalterable record of all transactions.
Scalability: The blockchain's architecture allows for scalable and efficient data storage, which is crucial for handling the numerous transactions involved in real estate investments.
Cost Efficiency: Arweave's storage model is cost-effective, reducing long-term storage costs for transaction data.
Tokenization Process: The tokenization process involves several key steps to ensure security, transparency, and efficiency:
Property Selection and Acquisition:
Properties are meticulously selected based on stringent criteria, including location, potential for appreciation, and rental income potential.
Once a property is selected, it undergoes a 30-90 day token pre-sale within the Oases app, where eligible community members can participate. Pre-sale tokens are sold at a minimum purchase of 100 tokens.
Secure Acquisition:
Properties are acquired under a corporate structure to ensure legal and clear ownership frameworks. This includes compliance with local laws and regulations.
Token Issuance:
Ownership of the property is converted into digital tokens on the Base blockchain. Each token represents a share of the company entity which holds the property asset.
In case the property does not sell out its tokens, the purchase is not completed, and pre-sale tokens are automatically burned. Investors will get their cash back into their accounts.
Governance Integration:
Tokens include governance rights, allowing holders to vote on key decisions such as property sales. This democratic approach ensures investor participation in important property management decisions.
Security Measures:
Data Encryption: All transaction data is encrypted to protect investor information and ensure privacy.
Smart Contract Audits: Smart contracts used for tokenization and transactions are regularly audited to prevent vulnerabilities and ensure they function as intended.
Compliance Checks: Continuous monitoring and updates ensure that the platform complies with evolving regulatory standards.
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