How WXRWA works?

Collecting Yield

Holding WXRWA in your digital wallet will make you eligible to collect the yields generated by its underlying assets which is rental income in case of properties.

Transfer of Ownership

WXRWA tokens will only be transferred to KYC'ed addresses.

Redeeming your WXRWA

In case of properties, if the user wanted to claim their share in the asset in the country where the asset is registered they can redeem their WXRWA for XRWA. Currently this feature is not available but to claim 1 XRWA you need to have minimum 10% of total supply of WXRWA. While redeeming your XRWA your WXRWA will be locked in your digital wallet. Also you need to have USA ITIN (Individual Taxpayer Identification Number) or USA LLC or C-corp with EIN.

Trading (with WXRWA)

Users are allowed to trade WXRWA freely on the secondary market.

Collateral (DeFi)

In future, WXRWA could be used as collateral at 0xequity marketplace for lending/borrowing USDT/USDC loans. Due to its low volatility, these loans hardly ever liquidate and will be a valuable addition to the ecosystem.