Founded in 2021, Sumotex was created to revolutionize a long-stagnant real estate industry.
Operation of the SUMOTEX protocol
SUMOTEX - a protocol, based on the tokenization of off-chain assets (real estate, bonds, funds, company shares).
SMTX addresses a very fundamental problem in institutional finance: the illiquid nature of assets (real estate, unlisted company stocks, bonds, term deposits). The SMTX AssetFi tokenization protocol, often locked down for months to years, provides a solution to this problem.
Fund managers and financial institutions, wishing to liquidate/tokenize their funds or assets, can do so via the SMTX protocol. Institutional finance is ready for a revolution and SMTX is leading the way with web3.
Other features:
| Decentralization of the asset manager | With the AssetFi protocol, any asset owner, family office and financial institution can access the technology and resources that SMTX provides on a deal-by-deal or portfolio basis. |
| Investment and credit vault | The embedded asset manager will be able to issue/launch their funds with their offer once the asset has been approved by the governance protocol. |
SMTX will issue its first real estate-backed stablecoin whose assets will be verified by a public trustee, acting as a node validator. It will be the most secure stablecoin in the world as it is pegged to real estate, one of the most capitalized assets.
The AssetFi protocol is the main protocol, used to tokenize any real estate off the grid from real estate, bonds and shares of a company. SMTX is considered as a utility token that is used in the AssetFi protocol. Owners / investors can trade, exchange within the protocol between their real credit and investment funds.
Terms of use
To buy SMTX, you will need the following: MetaMask wallet/extension, select an Ethereum network and prepare enough USDC to buy the desired amount of SMTX. Once you have gone through the transaction process, you will be able to see your SMTX in your wallet.
Once you have chosen your SMTX, you will need to specify the Gas Fee, the transaction fee you need to pay when interacting with the blockchain. You will be able to choose the amount to match your waiting time with lower fees. It will only take a few minutes to complete the transaction even at lower rates.
Site pricing will be fixed at $0.07 until all allocated SMTX are sold out. The starting sale price of SMTX will be $0.10.