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SUMOTEX

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IoTeX
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News

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Rajesh Kumar

What is SUMOTEX?

SUMOTEX — a dividend-based NFT. By holding it, you will be able to start earning stablecoin dividend tokens (USDT/USDC).

Contents:

SUMOTEX - dapp.expert

About the SUMOTEX project

SUMOTEX — the first-ever blockchain-powered real estate company that focuses on generating sustainable dividends from income, earned in the physical world, combined with the integration of MachineFi IoTeX principles to return value to users/owners, promoting a network of community-owned machines.

SUMOTEX takes into account a wide range of economic factors and indicators when making investment decisions, so the team is able to cope with market extreme situations:

1 Developers prioritize investing in high quality investments with discounts to replacement value for private equity firms and breaking new ground with value-adding initiatives.
2 Reducing market risk during times of financial, economic and geopolitical volatility by adjusting portfolio assets to ensure high capital appreciation over the long term.
3 By acquiring high-quality assets at a discount to replacement value, SUMOTEX taps into these assets through value-added initiatives, aimed at creating jobs and increasing property value.

Develop and tailor a unique financing structure to the specific needs of companies/investee companies, ensuring that SUMOTEX's investments, rights and returns are protected and guaranteed with maximum returns.

SCD funds will be raised through the sale of NFTs for land acquisition and Smart City development. In addition, the whole city will be integrated with MachineFi, trackers will be installed, all necessary locations will be installed.SUMOTEX

SumoTeX will give away physical assets such as (apartments/shops/hotel rooms) to NFT holders, offering them an additional asset management service to manage their assets with minimal fees.

More about defi app

Investment income is based on rental income from physical assets + capital gains. If you want higher returns, you can always mint more NFTs and hold onto them.

You will have 3 types of return on investment:

  1. Guaranteed dividend income (Special Edition NFT 1%-25%, Fund NFT 7%, Sumo coin 1%).
  2. Participation in profits from the sale of assets.
  3. Selling NFTs on the market (capital gain) or selling back SumoTex (price is pegged to SUMOTEX AUM at the time of fund close).

Special version of NFT, based on the total profit of all funds: Total fund profit (lease + sale) * NFT% (1-25, depending on rarity) / total sold NFT = NFT dividend fund, based on the specific fund's profit. Sumo coin dividends are based on the profits of all funds.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.