REIT protocol has two different tokens:
The REIT token is a decentralized, unbiased, collateral-backed cryptocurrency. REIT is held in cryptocurrency wallets or within platforms, and is supported currently only on Binance.
REIT is easy to generate, access, and use. Users generate REIT by depositing and committing assets into REIT treasury within the REIT Protocol. Users can be either committers or depositors to receive REIT. This is how REIT is minted and entered into circulation and how users gain access to liquidity. Others obtain REIT by buying it from brokers or exchanges, or simply by receiving it as a means of payment. Once generated, bought, or received, REIT can be used in the same manner as any other cryptocurrency. Every REIT in circulation is directly backed by related investment (commitments and deposits). All REIT transactions are publicly viewable on the Binance blockchain.
The project is managed by investors around the world who hold its governance token, REITg. Through a system of scientific governance and voting mechanisms, REITg holders manage the REIT Protocol and the financial risks of REIT to ensure its stability, transparency, and efficiency. REITg voting weight is proportional to the amount of REITg a voter stakes in the voting. In other words, the more REITg tokens locked in the contract, the greater the voter’s decision-making power.
REIT and REITg tokens are both Binance Smart Chain based BEP20 tokens, which uses almost all the benefits of the Binance Smart Chain. Therefore, REIT and REITg tokens are blockchain based digital finance ecosystem assets that has a value and can be sent and received similar to Bitcoin, Binance or any other cryptocurrency.
This section describes the tokenization principles for the REITg token of the protocol. REIT Finance Labs is the issuer of the REIT protocol and tokens. REIT and REITg tokens will run natively on the Binance Smart Chain network with international BEP20 standards. REIT and REITg tokens are smart contracts based on the BEP20 Binance token technology.
Detailed information about REIT and REITg tokens can be reached via REIT Finance Labs communication channels:
