Last updated: June 26, 2026
RE-NFTs are ERC-721 compliant digital tokens backed by real estate. Holding an RE-NFT does not constitute direct ownership of the underlying real estate, but grants the rights defined in these Terms (accommodation rights, revenue distribution claims, etc.).
RE-NFTs for each property are divided into a specific number of units determined by the Company for each property. Each NFT holds equal rights, which are allocated proportionally based on the number held.
RE-NFT holders receive AKP daily in proportion to the property's USD value. The daily accrual rate is set by the Company based on property valuation and is subject to change.
AKP can be used for accommodation bookings within the Service. AKP is valid for two seasons (approximately 8 months), and expired AKP is used in revenue distribution calculations. AKP accumulated from any property's RE-NFT can be used for stays at any property. The AKP required for a stay varies by property and day type (Off / Normal / High / Peak), with multipliers of Off 100%, Normal 120%, High 150%, and Peak 200% (provisional and subject to change). Multi-night discounts apply.
RE-NFTs can be traded on secondary markets such as OpenSea. Upon NFT transfer, accumulated AKP is also transferred to the new holder. Secondary market prices are determined by market supply and demand, and the Company does not guarantee prices.
If the underlying real estate is sold, the sale proceeds are distributed proportionally to RE-NFT holders based on their holdings. After the sale, the property's RE-NFTs are redeemed and AKP accrual ceases.
After the building's useful life (40 years) or upon reconstruction, RE-NFTs can be converted to Land RE-NFTs. Land RE-NFTs do not accrue AKP but are entitled to revenue distribution from land operations.
Holding RE-NFTs involves the following risks: (1) value decline due to real estate market fluctuations, (2) cryptocurrency market volatility, (3) changes in regulatory environment, (4) technical risks of smart contracts, (5) fluctuations in operational revenue. Users shall make purchase decisions with full understanding of these risks.