Our Progress: Where we are today

As of 24th July 2024

  1. Pre-Seed Raise: From Sept 2023 to Jan 2024, we successfully raised $351,000 at a $5.4M valuation for 6.5% equity in The Real Lifestyle Holdings Company.

Breakdown of $351K: $117K cash injection, $63.80K in kind spread across 3 f&b businesses (credit) to promote $TRLCO utility and $170.2K in our Johor property to be used as POC for TRLX-1

  1. Three food and beverage businesses have signed onto our ecosystem allowing $TRLCO token holders to spend within these outlets in exchange for their f&b products worth $63.80K.

  • Bosko Restaurant & Lounge located in Petaling Jaya, Malaysia

  • Granite Kitchen & Lounge Bar located in Petaling Jaya, Malaysia

  • Kaiden Japas Restaurant & Lounge Bar located in Penang, Malaysia

  1. We have set up a SPV (Special Purpose Vehicle) and purchased a property in Tebrau, Johor worth $170.20K in cash to kickstart our first TRLX-1 SPV tokenization proof of concept. This property is meant to generate rental yields and is projected to generate capital appreciation for investors as it is located 15 minutes away from the Singapore border, 10 minutes away from Monash University and is expected to benefit from Johor’s infrastructure redevelopment plan and new influx of data centres.

Property Address: No. 48, Jalan Badik 2, Taman Sri Tebrau, 80500 Johor Bahru, Johor

  1. We have recently signed to be property managers for a condominium unit at PV9 Setapak situated in Klang Valley Malaysia. We also have signed promissory notes with these property owners for an option and promise to purchase said properties once the funds are raised via $TRLX or $TRLCO. We will recognize revenue from Q4 2024 onwards.

Property Address: A-15-13A PV9 Setapak

  1. We have also recently signed promissory notes with 76 other properties (76 properties spread out around Klang Valley & Johor Malaysia and 3 others pending in the US spread around Cleveland and Akron Ohio). Refer here for property list breakdown: Property Masterlist - TVL (Promissory Notes).xlsx - Masterlist and Property Pool 2 Master List Ara Greens.xlsx

  2. Since January 2024 we have 4,000 users on our token and product waitlist.

  1. Our Consumer MVP is expected to be complete by August, going to the market strong as a product first company unlike other projects with no product to the market to validate and test the technology they raised for.

  1. Secured a tech and marketing grant from SKALE worth $100K and a tech grant from IOTA worth $50K (Adhering to KPIs set).

  1. Received soft commitments from T1 launchpads and other investors

Last updated