Progress: Where we are today

As of 9th October 2024

  1. Pre-Seed Raise: We successfully raised $550,000 at a $8.4M valuation. $350k in Equity and $200k in Token Round.

  2. 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. Successfully tokenized Malaysia's First Property.

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

Contract Address: https://basescan.org/token/0x55842efd2b073e581d9b91d7dc24a99f79712c8c

  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.

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

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