How Does Binaryx Work?

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Written by Евгений
Updated 2 weeks ago

Binaryx operates by tokenizing an LLC, specially registered in Wyoming, USA, that holds the title to a property. Under W.S. SF0038 law, a unique LLC is created for each property. This LLC issues tokens on the Polygon blockchain, representing fractional ownership of the property.

When you purchase these tokens, you become a co-owner of the LLC and gain governance rights through token-based voting, functioning as part of a decentralized autonomous organization (DAO). Once the required funds are raised, the LLC completes the property acquisition.

If the property is ready and fully operational, a professional management company partners with the LLC to handle tenant placement, rental collection, and property management. Rental income is distributed seamlessly to token holders via the blockchain, ensuring transparency and efficiency.

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