40 lines
2.4 KiB
Plaintext
40 lines
2.4 KiB
Plaintext
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{\rtf1\ansi\ansicpg1252\deff0\deflang1033
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{\fonttbl{\f0\fswiss\fcharset0 Arial;}}
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{\*\generator OpenAI GPT-4;}
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\viewkind4\uc1\pard\qc\fs28\bf
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Quarter Token Investment Summary
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\fs22\bf0
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\par
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HPI Tokens and Asset Tokens
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\fs20
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\par
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\pard\ql
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1. Introduction
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\par
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Quarter offers two distinct token investment opportunities: HPI Tokens and Asset Tokens. This document provides an overview of these tokens, their economic models, and their potential returns for investors. Quarter's goal is to sell 20% of the offering as HPI Tokens (for operating capital) and 80% as bundles (Asset Tokens and HPI Tokens).
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\par
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\par
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2. Token Offerings Overview
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\par
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\pard\fi720 A. \b HPI Tokens:\b0\par
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HPI Tokens provide investors with rights to a pool of appreciation value for every house on the Quarter platform. The economic model is designed to reward early investors and potentially outperform baseline home price appreciation as the network grows. Secondary market participants may value the tokens based on the platform's growth trajectory.
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\par
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\pard\fi720 B. \b Asset Tokens:\b0\par
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Asset Tokens grant holders specific benefits associated with individual properties, including monthly payments, sale proceeds, and appreciation value rights.
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\par
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\par
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3. Potential Returns for Investors
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\par
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\pard\fi720 A. \b HPI Token Returns:\b0\par
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Assuming a $50M total investment, a $10M investment in HPI Tokens could yield annualized returns ranging from 12.12% to 44.42%, depending on the holding period and market value premium.
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\par
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\pard\fi720 B. \b Bundle Returns:\b0\par
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Early bundle subscribers may see higher-than-HPI returns on their HPI Tokens due to the overcollateralization of the HPI Pool. With a potential annualized return rate of 7.62% when including the Tenants in Common (TIC) fee, this investment option allows investors to realize significant returns while still investing in a real estate-based asset.
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\par
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\par
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4. Investment Timing and Returns
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\par
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Investing early in Quarter's token offerings may yield higher returns due to the convergence of book and market value. The creation of a secondary market can potentially lead to venture capital-like returns for investors while still maintaining a real estate-based asset foundation. For example, the first $40M real estate capital may generate a rate of return of 45.51%, while subsequent investments could generate lower rates of return.
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\par
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}
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