Summer Point Token

Introducing

What's Summer Point Token?

Summer Point Token

Summer Point Token is the real estate-backed token in Thailand. This offering is under the supervision of the Securities and Exchange Commission of Thailand (SEC) and fully adheres to all applicable regulations related to the real estate industry and digital asset.

The issuer of the Summer Point Token plans to conduct an Initial Coin Offering (ICO) to raise up to 450 million THB. The funds will be used to invest in the RSTA agreement, which will provide a revenue stream from the underlying asset. The total number of digital tokens will not exceed 900,000,000 tokens.

Token holders will receive returns through the following channels in THB, as follows:

Cash Balance Account: For the token holders who open the account with the digital asset exchange, the return will be allocated to cash balance account. If token holders would like to withdraw funds from the cash balance account. Additional fees may be charged as specified by the digital asset exchange and may be adjusted in the future.
Digital Wallet Account: For the token holders who hold digital tokens in the digital wallet, opening with Token X Co., Ltd. ("Token X"), the returns will be allocated directly to each bank account as specified with Token X, who serves as the ICO portal.

Highly Accessible Strategic Location

The Summer Point Office Building, the underlying asset for this project, is located in a prime location within a high-potential business area on Sukhumvit Road. This asset features a vibrant commercial and residential hub with excellent connectivity to numerous key destinations. It is also conveniently located near the BTS Phra Khanong station.

Cutting-Edge Design with Strong Occupancy Rate

With the cutting-edge and modern building design, the Summer Point Office Building offers comprehensive common areas, which not only provides convenience for tenants but also results in a high occupancy rate. Based on the historical performance, the building has an average occupancy rate approximately 96%, with consistent rental income increase over time.

Strong and Diversified Tenant Base

The Summer Point Office Building comprises a strong and diversified tenant base, which consists of reputable companies from various industries. These diverse tenants help mitigate the liquidity risk and default risk associated with tenant turnover, leading to high potential in rental area extension and long-term lease renewal.

Exceptionally Experienced Property Manager

The underlying asset is managed by the professional property manager with extensive experiences and proven track records of success in similar projects, for example, Rain Hill, Summer Hub, and Summer Hill. The token holders can therefore trust in the capability of the selected property manager.

Approachable Real Estate Investment

Through the real estate-backed tokenization using blockchain technology, the token holders can easily access to invest in real estate project with low initial investment amount in the form of digital tokens.

24/7 Tradability

Token holders will gain the flexibility from 24/7 trading on the secondary market once the Summer Point Token is successfully listed in the digital asset exchange.

Secure and Transparent

The use of blockchain technology and smart contract enhance the security and transparency

Legal and Legitimate

Summer Point Token has been approved from the Securities and Exchange Commission (SEC), the public agency established in Thailand.

Tokenomics

TOTAL CIRCULATING SUPPLY

Total tokens in the circulation are no more than 900,000,000 TOKENS

SUMMER POINT TOKEN

MARKET CAP

Total offering value is approximately 450 MILLION BAHT

The initial issuance and public offering of the Summer Point Token (Initial Coin Offering: ICO) has the total offering value of approximately 450 million THB.

Leasable Area

9,997 sq.m.

The Summer Point tokens represent approximately 9,997 square meters of the underlying asset.

The Summer Point Token will have the number of tokens in the circulation no more than 900,000,000 tokens, with a fundraising amount up to 450 million THB. Following the completion of the Initial Coin Offering (ICO), the 900,000,000 digital tokens will be minted and allocated to token holders. To be noted that no token is allocated to the system administrators, developers, or any others, which are not specified in the Whitepaper submitted to the Securities and Exchange Commission (SEC).

Tokenization Structure

Roadmap

2025-2049

Return Distribution from Revenue Transfer Sharing (2025-2049)

Token holders have the right to receive quarterly returns, including the rental income and principal repayment throughout the project’s duration. These returns are derived from the Summer Point office building rental income after deducting all operational expenses. For principal repayment, token holders will receive them separately from the quarterly rental income returns to maximize tax benefits.
2025-2049

Token Burning Mechanism (2025-2049)

After the distribution of returns from rental income and principal repayment, a fixed proportion of the digital tokens held by token holders will be burned each quarter at a rate of 1.0% of the total number of tokens sold throughout the project’s duration.
2049

Maturity Date

The internal rate of return is expected to be 10.2% over the project's duration, derived from rental income and/or profits from trading the tokens. (Note: If the tokens are not held for the entire specified period, the expected internal rate of return may vary.)

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