Purpose
Last updated
Last updated
The $TRLCO token is best understood as our ecosystem and utility token. This is a phrase that we do see a lot in the crypto space, so let's first unpack how we plan to implement this and why we are calling it an ecosystem token. We of course one day aim for this to be the intermediary used for all of the real estate based products and services we plan to offer, but we also understand that getting there will be a journey requiring calculated execution.
One of the key utilities of $TRLCO grants the opportunity to stake $TRLCO tokens to earn extra rental yield on held TRLX assets. Specifically, we are offering the ability to gain an additional 0.5% yield on TRLX Portfolio holdings if the holder of the $TRLX tokens also stakes 5 $TRLCO per 1 TRLx which at 100 USD per TRLX and 1 USD per real would be equal to 5%. This additional yield is calculated using the standard rental yield formula (Monthly Rent * 12) / Unit Price. In order to keep this consistent, we will always assume for the purposes of this feature that a user will need to hold at least 5 $TRLCO tokens for every $TRLX token that they hold.
*Please note that this feature is yet to be decided
Other utilities of the $TRLCO token are based on a system of Global and VIP Tiered benefits that are linked to a specific amount or % of the $TRLCO supply held by the user. At launch, the VIP utilities will be focussed on enhancing the experience for participating in $TRLX sales and evolving to be in line with our lifestyle vision. For example, granting early access to information on the next units we are planning to acquire or access to a presale round of the corresponding $TRLX tokens. As the ecosystem grows, we will offer new VIP Tiers with additional benefits that are realistic and implementable. We can anticipate that as the demand and public awareness of TRLX Portfolios increases, so will the demand for $TRLCO as people want access to the advantages.
Some of the other benefits for $TRLCO holders are Global, meaning that the amount of $TRLCO needed is not related directly to the VIP tiers. For example, as is natural with rental units, they will at times become vacant. Whilst we will already be looking for tenants, we will be providing a window where holders of $TRLCO get first refusal to occupy the unit, ordered by the amount they hold. This benefit starts to bridge into our long term vision for a lifestyle ecosystem, whereby people are active participants in the rental ecosystem in which they live.
The $TRLCO token offers various utilities (See more in our Utility Table), including Global and VIP Tiered benefits tied to the user's $TRLCO supply. Initially, VIP benefits will enhance the $TRLX sales experience, evolving in line with our lifestyle vision. For instance, granting early access to upcoming unit acquisitions or presale rounds of $TRLX tokens. As the ecosystem grows, new VIP Tiers with additional benefits will be introduced to meet realistic demands. Some benefits are Global, unrelated to VIP tiers. For instance, when rental units become vacant, $TRLCO holders get priority occupancy offers based on their holdings. This aligns with our long-term vision for an engaged rental ecosystem.
Marketplace: The marketplace for all token holders to search and interact with properties listed for rental/sale on the TRL Ecosystem / Platform.
$TRLCO Token Interactions: Main functionalities of our tokens are:
Using them to pay rent (Within the properties listed under TRL ecosystem)
Staking for yield generation and rewards
Transactions within the Property and Liquidity Pools (Description below)
Rewards generated from rental and transactions within TRL traditional products
Quests and DeFi Tasks
Loans and Transaction Fees
Utility and Bill Payments
Home Automation
Glossary of Terms and Drivers
Marketplace: The marketplace for all token holders to search and interact with properties listed for rental/sale on the TRL Ecosystem / Platform.
Fees: All transactional fees generated on the platform need to be paid across in TRLCO Tokens.
Rent KYC: The automated on-chain KYC for Rental Consumers that uses TRLCO Tokens. Any fees related to KYC paid to us (we pay third party)
Owner KYC: The automated on-chain KYC for Property Owners that uses TRLCO Tokens. Any necessary payment fees for KYC and listing fees in TRL Ecosystem/Platforms.
Rental Payments: All payments captured towards necessary rental payments or subscription products.
App: Refers to consumer facing mobile or website applications that allows users to manage their subscription/listings as well as rental properties (Described in Product Overview).
Consumer Payments: All payments initiated by the consumer using the mobile app/platform.
Transaction Fees on all payments using the mobile app.
Consumer Utility: This is the collective utility of all services and features that a consumer can access by using the TRLCO Tokens or their earned tokens within the ecosystem.
Quests / Coupons / TXN Fee Waivers: Users can earn or redeem tokens through these activities (e.g. pay rental bills on time, use more TRL products, pay via TRLCO tokens etc). Consumer activities within the TRL platforms.
P2P DeFi: The entire P2P DeFi mechanism consumes TRLCO Tokens to facilitate usage and transactions. Transaction fees from lending and borrowing (mainly DeFi related activities can be paid in TRLCO).
Bill Payments: All Bill Payments / Utility Payments inside the TRL Ecosystem are powered by the TRLCO Token.
Offline POS Payments / TXN Fees: TRLCO Tokens can be used to pay across partnered businesses and stores for minimal transaction fees. Businesses and lifestyle partners that we get into our ecosystem.
More consumer related utilities in the table below
Property Purchase: This is one of the primary utilities of the TRLCO Token. It can be used to buy or contribute to on-chain properties.
TRL Owned Liquidity Pools: TRLCO Token Holders can also invest their TRLCO Tokens into multiple property pools available on the Marketplace. Minimum amount of tokens required.
Liquidity Pools: Liquidity Pools are our on-chain tokenisation infrastructure that allow physical assets to be converted into on-chain assets by allowing users to buy a fractional percentage of the said assets on-chain.
Creation Fee: The liquidity property pools (TRLXs) can only be created using TRLCO Tokens in the future. TRLCO tokens received will then be distributed to staking yield investors for more rewards thus promoting liquidity and healthier ecosystem. More pools formed as TRLX, more tokens for staking investors.
Transaction Fee: All transactions around the liquidity Pools utilise TRLCO Tokens.
DeFi: TRLCO Token ecosystem is designed for DeFi users with unique value based offerings.
Transaction Fees: All DeFi based transactions incur fees settled in TRLCO Tokens. Payment with other tokens will be swapped with ours.
Marketplace Fees: All DeFi Transactions across Marketplaces utilise TRLCO Tokens.
Automation: The automation ecosystem in the TRL world is all powered by payments using the TRLCO Token e.g. IOT (smart home appliances etc) within the properties. Stake 200 dollars worth of TRLCO tokens to get access to IOT smart home things in TRL. This will eventually be launched in the future phase.