How XRWA works?

XRWA is the primary investment function of 0xequity platform. Once a user has paid for their investment, their digital wallet will be credited with WXRWA**

(**a suffix with designated code of the selected property).

For example, a single family real-estate is listed on 0xequity marketplace with a code 1, the user making an investment in the same will get WXRWA1 in their digital wallet as a representation of their investment stake.

(XRWA is the legally binding unit of its corresponding real world asset and due to regulatory compliance and ease of transfer, the user will always hold WXRWA in their wallets for smooth transaction experience)

Legal Proof of Equity

XRWA represents your equity or the portion of total shares that you own in a certain RWA (real world asset). Technically, you are holding digital shares of an LLC company which is the sole owner of your investment (property, shops, etc.).

How XRWA are created and priced?

Each 0xequity asset is held by a Delaware LLC. For example, a single family real-estate in Detroit is bought for 100,000 USD, a Delaware LLC will be created to buy this property and will be its sole owner. Each XRWA represent the 10% ownership in the company

1 XRWA = 10% of LLC Shareholding

Hence, 1 XRWA for this property will be priced 10,000 USD. The same ownership structure shall be followed for each 0xequity asset.

XRWA are not ordinary Ethereum tokens, they are programmed and each token set is unique (similar to an NFT). They contain legal information about the asset, its location, its owner, date of transfer, payment information, etc. For example, XRWA for asset code 011 will be different from XRWA for property 013.

Currently, XRWA (legal equity) can only be claimed by redeeming your WXRWA tokens