Section 3 – The MUY Token Model

📘 MUY Token White Paper – Section 3: The MUY Token Model

“Programmable equity. Real-world backing. Legal clarity.”

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🛡️ 3.1 – Security Token Backed by a Real Asset

MUY Token (MUY-A) is a fully compliant security token that represents fractional ownership in a real-world, income-producing property. Each token provides:

• A pro-rata share of Net Operating Income (NOI)

• A claim to capital appreciation

• A programmable vehicle for governance, liquidity, and quarterly yield

🏢 MUYALTA — The Asset Behind MUY-A

• Location: Playa del Carmen, Mexico

• Type: Mixed-use (residential, medical, rooftop)

• Status: Permitted & ready for construction

• Ownership: 100% held by SPV (MUYALTA S.A.P.I. de C.V.)

• Planned Yield: ~11.5% net annual income

• Capital Growth Target: 14% – 19% annual NAV appreciation

🔑 What Does a “Security Token” Mean?

MUY-A is:

• Regulated (KYC/AML enforced)

• Restricted to whitelisted wallets

• Programmatic (smart contract-managed)

• Transparent (on-chain income tracking)

Traditional Real Estate	MUY-A Tokenized Ownership
Paper-based contracts	Smart contracts automate everything
Delayed income payouts	USDC/USDT every 90 days
Opaque accounting	PolygonScan on-chain reporting
No liquidity	DAO buybacks & secondary market access

Real estate for a global generation — verified on-chain, built in Playa.

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🧱 3.2 – Token Structure (ERC-1400 / ERC-3643)

MUY Token uses ERC-3643, a standard for security tokens with built-in identity compliance and programmable rights.

⚙️ Key Features:

Feature	Description
Whitelisted Transfers	Only KYC-approved wallets can hold/trade
Partitioned Logic	Income, governance, and vesting separated
Lock-Up Enforcement	12-month enforced at contract level
IPFS Linkage	Legal docs linked to each token via metadata
Fixed Supply	Capped at 1,000,000 MUY-A tokens
Audit Ready	Scheduled for CertiK or Hacken (Q3 2025)

🧠 What This Means for You:

• Security: Verified identity required

• Simplicity: Wallet = investor record

• Programmability: All logic handled by code

• Portability: Your rights follow your wallet

MUY speaks the same legal language as the world’s most trusted digital securities.

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💰 3.3 – Treasury & Smart Contract Logic

“Where your money goes. How it’s stored. Who controls it.”

MUY uses a multi-signature-controlled smart treasury:

• Receives all rent income (USDC / USDT)

• Pays 85% to token holders every 90 days

• Stores 15% in treasury for buybacks + reserves

🛠️ Treasury Architecture:

Module	Function
Revenue Intake	Collects tenant payments
Distribution	85% to investors, 15% to reserves
Reserve Account	Buffer for buybacks/emergencies
Multisig Access	DAO-approved transactions
Buyback Engine	NAV-based repurchase mechanism

🔁 On-Chain Flow:

Tenant Rent → Treasury → Smart Contract → Investors (every 90 days)

All actions are transparent on-chain and linked to investor dashboards.

You don’t ask where the money went. You track it in real time.

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🔁 3.4 – Distribution Engine (85/15 Logic)

“Predictable income. Automated execution.”

How It Works:

Every 90 days:

1. Rent income balance is checked

2. 85% is distributed to token holders (pro-rata)

3. 15% is reserved in the DAO treasury

4. All actions logged and viewable on-chain

💸 Example:

Metric	Value
Total NOI	$150,000
85% to Investors	$127,500
15% Treasury	$22,500
Tokens Held	5,000
Earnings	$637.50 USDC

Distributions are in USDC/USDT, with history available in your dashboard.

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📈 3.5 – NAV-Based Valuation Growth

“You’re not just earning yield — you’re gaining value.”

What Is NAV?

Net Asset Value (NAV) = (Property Value − Liabilities) ÷ Token Supply

Year	Appraised Value	NAV per Token
0	$3,000,000	$3.00
1	$4,000,000	$4.00
2	$4,560,000	$4.56
3	$5,198,400	$5.20
4	$5,926,176	$5.93
5	$6,755,840	$6.76

NAV drives buyback pricing, resale value, and DAO revaluations.

MUY's token grows alongside the real asset it represents.

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⚖️ 3.6 – Legal Entity (SPV), Ownership & Compliance

“Your token connects to the company that owns the building.”

🏢 SPV: MUYALTA S.A.P.I. de C.V.

• Holds title to land and permits

• Manages tenants and income

• Executes payouts and DAO rules

• Legally incorporated in Mexico

What the SPV Does:

Role	Function
Ownership	Holds land + project rights
Treasury	Channels income to smart contract
Accountability	Handles tax + legal compliance
Governance	Responds to DAO votes

A real legal wrapper for a real asset.

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🧾 3.7 – KYC, AML & Whitelisting

“Real ownership requires real identity.”

MUY uses SumSub for KYC/AML. Process:

• Upload ID and address doc

• Pass global AML checks

• Wallet is whitelisted

Only verified wallets can:

• Receive MUY Tokens

• Participate in governance

• Get USDC/USDT distributions

🌍 Global Access:

Region	Access Protocol
LATAM	KYC + crypto/fiat onboarding
US (Accredited)	Reg D-compliant
EU / Canada	RWA-aligned onboarding
Restricted	Not eligible (e.g. OFAC countries)

With MUY, you're not just a buyer. You're a recognized stakeholder.

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Next: Section 4 – Tokenomics