Method and system for transmitting information

Abstract

A method and system for transferring information, comprising: transmitting, by a first computing device of a first computing system, a first network function request to a distributed network; and transmitting, by a second computing device of a second computing system, a second network function request to the distributed network, wherein the first network function request includes first information and the second network function request includes second information.

Description

Technical Field

[0001] Cross - Reference to Related Applications This application claims the benefit of U.S. Provisional Application No. 63 / 209,858, filed on Jun. 11, 2021, claims the benefit of U.S. Patent Application No. 17 / 806,677, filed on Jun. 13, 2022, and is also a continuation - in - part of U.S. Application No. 17 / 121,510, filed on Dec. 14, 2020, which claims the benefit of U.S. Provisional Application No. 62 / 948,136, filed on Dec. 13, 2019. All of these applications are hereby incorporated by reference in their entirety.

[0002] This application is also related to PCT / US2020 / 064934, filed on Dec. 14, 2020. This application is hereby incorporated by reference in its entirety.

Summary of the Invention

[0003] This application / patent includes at least one drawing finished in color. When this application / patent is published, a copy of the patent application with color drawings will be provided by the U.S. PTO upon request and payment of the required fees.

Brief Description of the Drawings

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[0005] Exemplary Alternatives in Residential Investing A system and method are described for using an alternative risk model that adjusts not the pricing (rent) to fit the borrower's risk profile, but rather what is called the minimum retained equity (MRE). This approach can level the playing field in the long term by changing the current paradigm where those least able to afford a home pay the most.

[0006] To avoid swapping one problem (e.g., high-cost capital) for another (e.g., high down payment), impact investors can participate with return-oriented investors by equalizing residential financing across all strata of homeowners and risk profiles.

[0007] In some aspects of the present disclosure, investment capital can be segmented from the capital supplied by or for homeowners by the quarter's MRE calculation. For example, consider a borrower with a FICO score of 620 and a debt-to-income ratio of 45% who wishes to purchase a $200,000 home. A 14.25% MRE can be calculated based on this borrower's risk profile, meaning the borrower can have a down payment of $28,500 or 14.25% of the $200,000 purchase price to buy the home. The investor can purchase the remaining 85.75% of the home for $171,500, with the guarantee that the investment is made safer by the MRE calculation and risk pooling.

[0008] In some aspects of the present disclosure, alternative options can be used when the borrower does not have the required down payment and instead desires rent. The capital to meet the MRE requirements can be provided by a combination of both the homeowner and third - party impact investors. An example of the impact of this type of residential housing financing model can be lower monthly mortgage payment obligations for the homeowner. In this case, the rent can be, for example, 25 - 35% lower than both the market rent and the mortgage. This difference can provide an arbitrage opportunity that enables the homeowner to purchase the additional equity held by the impact investor to meet the MRE requirements. The homeowner can purchase equity from the impact investor over time by simply paying the market rent until the minimum equity threshold is met, after which their monthly mortgage payments drop to exactly the amount required to service the 85.75% holders. On the other hand, as long as the MRE is continuously met by either the homeowner, the impact investor, or some combination of both, the investment can appear exactly the same as any other investment on the platform to the 85.75% interest holders.

[0009] In some aspects of the present disclosure, the 10% equity purchase and resale by the impact investor to the homeowner calculated using market rent payments and a 5 - year buy - back window can generate a return on an annualized basis greater than 20% for the impact investor. In this case, the impact investor, along with the homeowner, can bear the first loss in the event of homeowner default.

[0010] In some aspects of the present disclosure, a framework can be provided to enable impact investors to design and plug-and-play with the platform. Impact investors can be provided with an experience that allows them to easily design programs for their specific needs (e.g., within certain guidelines) and utilize the infrastructure with minimal effort. For example, this framework can be similar to the Amazon experience, except that it is impact investors rather than retailers who utilize the infrastructure. In some embodiments, blockchain-based smart contracts can be used, although those skilled in the art will appreciate that non-blockchain-based contracts (and the software for implementing them) can also be used. FIG. 6 shows an exemplary process for using a blockchain according to an aspect of the present disclosure. Using a blockchain-based smart contract for investment Methods and systems for conducting transactions for investment can be carried out via asset tokens and blockchain-based smart contracts, as described herein. Background information on blockchain can be found in the blockchain article on Wikipedia as of December 13, 2020 (https: / / en.wikipedia.org / wiki / Blockchain).

[0011] Requirements for conducting such transactions can be received from entities (e.g., investors) that conduct transactions with these asset tokens. Asset tokens can be backed by assets (e.g., real estate holdings). Although the present disclosure describes transactions related to real estate holding assets in detail, the teachings can be similarly implemented on other assets.

[0012] In an exemplary embodiment, an asset token may be generated using a cryptographic hash of information that uniquely identifies an asset. The token can have an owner who uses an additional public / private key pair. The owner public key can be set as the token owner identification, and proof of ownership can be established by generating a signature with the owner private key and verifying it against the public key listed as the owner of the token.

[0013] Asset tokens can digitize the ownership rights of several assets (e.g., real estate possessions) to improve access to the assets, enable tracking of the assets based on their characteristics, and result in efficiency in supply chain management and trade finance. These tokens can be used as a medium of exchange and as an alternative to fiat currency, for example, in settlements, payments, international money transfers, investments, financing, and other activities.

[0014] In an exemplary embodiment, asset tokens can be issued and / or exchanged based on the availability of the asset inventory, according to established procedures and exchanges for the asset. Transactions of asset tokens can include the purchase of asset tokens, the redemption of asset tokens, the transfer of ownership of asset tokens, the provision of assets backing the asset tokens, and the like. Asset tokens and related transactions can be recorded in blockchain-based smart contracts. Each asset token can be associated with a standardized smart contract that specifies the transactions that can be performed on the asset.

[0015] The blockchain used in this specification can be a public ledger of all transactions in blockchain-based data storage. One or more computing devices can comprise a blockchain network configured to process and record transactions as part of blocks in the blockchain. When a block is completed, the block is added to the blockchain and the transaction record is thereby updated.

[0016] The blockchain can be a chronological ledger of transactions or can be presented in any order suitable for use by a blockchain network. In some configurations, the transactions recorded on the blockchain can include a destination address and an amount such that the blockchain records the amount attributable to a particular address. The transactions can be financial information and / or can include additional or different information such as a source address, timestamp, etc.

[0017] The blockchain can also contain data in the form of transactions placed in a distributed database that maintains a continuously growing list of data records that are hardened against tampering and revision, and can be confirmed and verified by a blockchain network through associated work and / or proof of any suitable verification technique.

[0018] In some cases, the data regarding a given transaction can further include additional data that is not directly part of the transaction added to the transaction data. In some instances, including such data in the blockchain can constitute a transaction. In such instances, including such data in the blockchain can constitute a transaction.

[0019] A smart contract as used herein can be computer code that programmatically executes a transaction that can be defined by a written contract or other predefined conditions. The computer code can be executed on a secure platform (e.g., the Ethereum platform that provides a virtual machine) that supports recording the transaction on a distributed ledger.

[0020] Furthermore, the smart contract itself can be recorded as a transaction on the distributed ledger using an identification token that is a hash of the computer code (i.e., an identification token) so that the computer code being executed can be authenticated. When deployed, the constructor of the smart contract is executed and the smart contract and its state are initialized.

[0021] The state of the smart contract can be permanently stored on the distributed ledger. When a transaction is recorded against the smart contract, a message can be sent to the smart contract and the computer code of the smart contract can be executed to implement the transaction (e.g., debit a certain amount of asset tokens from an account balance).

[0022] The computer code can ensure that all predefined conditions are met before the transaction is recorded on the distributed ledger. For example, a smart contract can support the sale of an asset. Inputs to the smart contract for selling a portion of an asset can be the seller, the buyer, and identification tokens for the asset and the sale price. The computer code ensures that the seller is the current owner of the asset and that the buyer has sufficient funds in their account. The computer code then records a transaction that transfers ownership of the asset to the buyer and a transaction that transfers the sale price from the buyer's account to the seller's account.

[0023] In an exemplary embodiment, an asset token transaction may relate to the purchase and sale of a portion or all of a real estate property among one or more property occupants (e.g., a homeowner) residing in the property and / or one or more investors having a financial interest in the property. The ratio of ownership between various occupants and various investors may be based on the ratio of tokens and TIC rights owned by the entity.

[0024] Such a transaction can provide capital to a homeowner who is not an accredited investor to purchase their home and have an undivided fractional ownership of the home with investors. For example, if a homeowner finances 5% of the purchase price and an investor finances 95% of the purchase price, the homeowner may need to pay rent to the investor every month for the 95% interest held by the investor. The recurring rent payments can be made to the investor via a smart contract. Thus, the investor can receive a cash flow from their investment and the homeowner has the right to live in the house subject to paying rent.

[0025] As an example, each house can have 95,000 non - divisible asset tokens minted for the transaction. A person becoming a homeowner can purchase a 5% interest in the residential property and receive a 5% TIC right in the house. An investor can purchase a 95% interest in the residential property and receive 95,000 asset tokens. The entity facilitating this sale (e.g., a real estate property website) can receive a commission on the net sale proceeds from the consideration paid by the homeowner and the investor.

[0026] If a homeowner who owns a fraction of a residence has a positive money event, the homeowner can buy more fractions of the residence owned by the investor community. For example, if the homeowner wishes to pay an additional $25,000, all owners' asset token ownership positions can be adjusted, $25,000 worth of asset tokens can be redeemed, and $25,000 worth of TIC ownership can be transferred to the homeowner. The homeowner's new monthly rent payment can also be reduced accordingly. Alternatively, if the homeowner needs more money, the homeowner can trade fractions of the residence. In such a case, the homeowner's monthly rent payment can be increased accordingly.

[0027] In an exemplary embodiment, only the homeowner can have the right to live in the house. Such a right of occupancy can be evidenced by an occupant token that can be unique to each residential property. Holding an occupant token can require payment of rent to the investor via a smart contract. If there is a default event by the homeowner as described in the agreement between the homeowner and the investor, the occupant token can be involuntarily redeemed by the investor. When the homeowner wishes to leave the house, the homeowner can sell his or her asset token and the corresponding occupant token, which will then be transferred to the new homeowner.

[0028] Asset-backed token transactions can be structured in the following ways: (i) a Tenant-in-Common (TIC) structure (see, e.g., Figure 1), (ii) a Delaware Statutory Trust (DST) structure (see, e.g., Figure 2), and (iii) a Limited Liability Company (LLC) structure (see, e.g., Figure 3). (Figure 4 shows a hybrid structure.) Under the TIC structure, tokens can be represented by direct tenant-in-common interests in the asset. Under the DST structure, tokens can be represented by beneficial interests in the DST that are to be governed by the trust agreement. This structure can eliminate the need to record certificates to prove ownership changes every time a transfer of TIC interests occurs.

[0029] Under the LLC and / or DST structures, tokens can be represented by membership interests in the LLC and / or DST that can be co-tenants with the homeowner. The homeowner can own an undivided fractional (e.g., 5%) TIC ownership interest in the house, along with the remaining (e.g., 95%) TIC ownership interest of the investor's LLC and / or DST. Together, the homeowner's TIC interests and the investor LLC and / or DST TIC interests can collectively constitute the "co-tenant TIC interests" under such a structure.

[0030] In such cases, both the homeowner and the investor LLC and / or DST can have voting and management rights, which can be documented via a TIC agreement. The investor can be the holder of the LLC or DST interests in the investor LLC and / or DST. If the homeowner wishes to purchase or sell their co-owner TIC interests from or to the investor LLC, the investor LLC can facilitate such purchase or sale and adjust the relative rent payments accordingly. If the homeowner wishes to purchase their co-owner TIC interests from or to the investor DST, the investor DST can facilitate such purchase and adjust the relative rent payments accordingly. Examples of Using Blockchain for Investment Exemplary Problem Description Currently, some ways in which the risks of potential homebuyers can be reduced lead to higher interest rates being given to the highest-risk class of homeowners to recover potential losses in a given credit score, LTV, and / or DTI. This leads to homeowners with the least ability to pay having to pay more on their mortgages each month, which can increase the likelihood of default.

[0031] In a new platform for homeownership, it may be possible to reduce the risks associated with homebuyers by adjusting the amount of equity they hold in their homes. In the event of a default, the homeowner equity can be used to recover losses without wiping out financial duress against the buyer and / or it may also be possible to share the risks of individual assets across the network to reduce the layering of risks existing in the mortgage space.

[0032] It may be useful for a home buyer to determine how much equity they must hold in their home. This may be referred to as the Minimum Retained Equity (MRE). In some aspects of the present disclosure, the MRE can be based on the risk of an individual home buyer and the fulfillment of the global risk pool of the quarter. Exemplary definitions Loan to Value (LTV). The LTV can be the ratio of the loan amount to the property against the actual value of the property.

[0033] Minimum Retained Equity (MRE). The MRE can be the amount of home ownership below which a homeowner is no longer permitted to sell a portion of their home.

[0034] Debt to Income (DTI). The DTI can be the ratio between a home buyer's debt and income. Exemplary MRE calculation flow FIG. 7 shows an exemplary MRE calculation flow according to an aspect of the present disclosure.

[0035] There may be several things that can be done to evaluate the relationship between credit score / LTV / DTI and default rate. In a platform model, the LTV may not exist (for example, there may be no loan and instead home ownership can be "fractionalized"). Instead, the LTV value can be approximately equivalent to the MRE and can be treated as such for the purpose of generating an initial value to be used for the model.

[0036] Furthermore, to generate more granular data regarding the relationship between credit score / LTV / DTI and default rate, the data can be fitted to a non-linear model to make a determination as to how the scores behave between "blocks" of credit score / LTV / DTI. When there are thresholds above and / or below which changes in either credit score or LTV no longer have an obvious impact on the default rate, the non-linear model can be selected such that the modeled relationship can be inherently non-linear. The function resulting from the fitting of the available data blocks can be a multivariate formula that we can express as follows D(Cs,Emin,Ir) where C s can be the consumer's credit score, E min can be the minimum retained equity, I r can be the debt-to-income ratio (DTI), and / or D(C s ,E min ,I r ) can be the predicted default rate based on available real-world data.

[0037] Once the initial D(C s ,E min ,I r ) function is known, new functions can be derived therefrom, and thus, E(D m ,C s ,I r ) where D m can be the maximum allowable probability of default, C s can be the consumer's credit score, I r can be the debt-to-income ratio, and / or E(D m ,C s ) can be evaluated for the minimum retained equity that a consumer may need to have in order to stay below the maximum allowable default change.

[0038] This is E(D m ,C s ,I h)'s output can be verified with real-world data by comparing it to a given credit score and / or a known real-world LTV value at a known default rate.

[0039] As the platform network grows and additional data becomes available, the E(D m ,C s ,I h ) function can be re-fitted and tuned to provide more accurate data. Exemplary risk pool health The platform can be designed to have a risk pool that can share the risk of any asset on the network. The risk pool can hold 1% of the value of each home on the network, which can be endowed with 1% of the rent and / or HPI accrued interest of each asset. Further, this risk pool can be evaluated using MRE for each asset assumed to be recoverable at some rate R. The total assets can be held by the risk pool and calculated as shown in Equation 1, where H h can be the total number of HPI tokens held by the risk pool, H v can be the current value of the HPI token, V h can be the value of the home, R h can be the rental rate of the home, and / or P h can be the number of rent payments made by the occupants of the home. The risk that this pool may need to be able to cover can be all of the uncollectible home equity held by homeowners who may default. This can be called U. U can be calculated as follows for each asset.

[0040]

Number

[0041] Here, R can be the normalized recovery rate, E hcan be the MRE of the property.

[0042] Evaluating these values for each house in the network and normalizing them by their default likelihood (using, for example, credit score analysis) can provide the total losses that can serve as a risk pool that can play the role of covering using Equation 2.

[0043] For Equation 2, D can be a function described in credit score analysis, C h can be the credit score of the homeowner, E h can be the MRE of the homeowner, I h can be the debt-to-income ratio of the homeowner, U h can be calculated as shown above.

[0044] U tot and A tot Using, we can calculate a simple metric for the health of the risk pool as follows.

[0045]

Number

[0046] This metric can be interpreted as follows in some aspects of the present disclosure. R health <1: The pool does not have enough assets to cover the expected losses. R health = 1: The pool has just enough assets to cover the expected losses. R health > 1: The pool has more assets than the expected losses. Example of determining the MRE of a new house When an asset is added to the platform, it may be necessary to determine what MREs prospective homebuyers must have in order to add their homes to the network. We can do this by evaluating the impact that adding their homes has on the overall health of the platform risk pool. We can do this by evaluating the definition of the maximum allowable change in the health of the risk pool that the asset is allowed to introduce. This is Δ Hmax which may be called.

[0047] We can then calculate, in Equation 3, the change that the new home will have on the risk pool.

[0048] In Equation 3, R health may be the current risk pool health, U tot may be the expected total loss of the risk pool, D(C h ,E h ,I h ) may be the expected default probability of the asset, U h may be the irrecoverable loss of the house if it defaults, A tot may be the current value of the assets held by the risk pool, and / or V h may be the value of the home.

[0049] Δ h By setting the value of to Δ Hmax we can solve for E in Equation 4 h .

[0050] U h Recall that U h =(1 - R)E h can be an expression of non-recoverable MRE by substituting into as shown in Equations 5 and 6.

[0051] D(C h ,E h ,I rBy making the substitutions for (), we can calculate the MRE of a given homeowner based on both some adjustable variables in the above equation and the hidden variables in the D(C h ,E h ,I r ) function that have not yet been calculated as of now. Exemplary Use of Smart Contracts and Blockchain for Investment Figure 9 shows an example of how smart contracts and blockchain can be used for investment according to aspects of the present disclosure. In 1, the ownership of the house can be permitted to both the occupant and the SPE as co-owners through a warranty deed. In 2, a smart contract can be created by an SPE that can represent the ownership of the SPE and issue asset tokens that can be sold to investors to finance the purchase of TIC interests according to Step 1. The asset tokens can be distributed to investors and also to the risk pool. In 3, a smart contract that can include co-owner consent and a lease can be created between the occupant and the SPE. In 4, a smart contract can be created by an SPE that can issue occupancy tokens to the occupant. In 5, a smart contract can be created that can include consent to allocate house appreciation to the HPI asset pool and, in return, issue HPI tokens that can be included in the sale of asset tokens. The HPI tokens can represent the ownership of the appreciation right and can be distributed to investors with asset tokens and also to the platform owner / manager. In 6, all transactions can be recorded on the blockchain. Detailed Example of Bording a House on the Platform Exemplary Definitions ALTA: American Land Title Association. Applicant: A person who can apply to become a homeowner and an occupant of a house on the platform. Backend DTI: A ratio that can be expressed as the percentage of a person's monthly income that goes towards paying off debts. Base Rent: The amount that may need to be paid monthly by the tenant, excluding other items (e.g., taxes, insurance, HOA fees, other escrows or pass-through payments for third-party obligations). Burn: Burn may refer to the permanent removal of existing tokens from circulation. Capital Improvement: Improvements that substantially increase the value of a real estate property, and / or significantly extend the useful life of the real estate property, and / or can become part of the real estate property, and / or are permanently affixed to the real estate property, and thus removal may cause material damage to the property and is thus intended to be a permanent installation. Capital Improvement Value: The calculated value of capital improvements that may be made to a residence by the tenant. Current Adjusted Asset Token Nominal Value: The nominal value of an asset token that may be expressed in a non-fungible currency (USD), and the nominal value may have been adjusted since issuance as a result of the depreciation of the value of the residence owned by the SPE. Current Enhanced Appraisal: The recorded appraisal that may be based on the use of enhanced appraisal methods such as BPO, full appraisal, and / or other appraisal methods adopted by the platform. Current Appraisal: The recorded appraisal in the network that may be determined by an Automated Valuation Model (AVM). Enhanced Rent: The additional amount that may be paid by the tenant to the impact investor, calculated as the market rent for a given residence minus the platform rent (e.g., owned and / or operated by the quarter). Excess Equity: The amount of unencumbered equity that may be held by them, exceeding the tenant's Minimum Retained Equity (MRE). Non-Fungible Currency: The currency of a country that may be normally issued by the government or central bank of the country, e.g., the US dollar. HPI Equity Pool: A pool of residential equity that can include all aggregate increases in the value of residences on the platform. HPI Realization Rate: The amount stated as a percentage between 0 and 100 that can be applied to the HPA during the current period to calculate the number of HPI tokens to be unlocked. HPI Token: A token issued by the platform that can be backed by all housing price increases of the houses on the platform. Impact Investor: A person or entity that can assist an applicant in meeting the minimum retained equity (MRE) requirement to become eligible to be a housing owner on the platform. Initial Holder: An individual or entity that obtained tokens directly from the platform owner / operator in the initial issuance. Investor: A holder of asset tokens Minimum Retained Equity: The minimum equity that an occupant may need to hold based on the current underwriting criteria. This can vary based on the possessions and / or occupant profile at a given moment in time and can be a dynamic number that can be used to manage default risk. Occupant: A co-owner of the common property rights who can be designated as a housing owner and may own occupancy tokens. Original Asset Token Nominal Value: The nominal value of the asset token at the time of issuance, expressed in fiat currency (USD). Qualified Institutional Buyer (QIB): A company that is a registered broker-dealer and can manage a certain amount of securities (e.g., at least $100 million) on a discretionary basis and / or invest a certain amount of non-affiliated securities (e.g., at least $10 million). Quarter Platform Preference Provider: A real estate agent and / or broker with whom the platform network may negotiate a contract to provide housing listing and / or selling services. Quarter Transaction Fee: A fixed fee that can be levied by the platform for all transactions that can be conducted on the platform, excluding the initial boarding of a dwelling onto the platform and / or the exit of a dwelling from the platform, and / or the initial purchase of asset tokens by the initial holder when the dwelling is boarded onto the platform. Quarter Real Estate Property Fee Fund: A fund that can be set up to pay future real estate property sale fees for the property owner. This can be funded monthly from the platform fees collected by the platform when rent payments are made. Rent: The total payment that may be required to be paid monthly by the holder of the occupant token, including the base rent, platform fees, and, when applicable, taxes, insurance, and / or HOA escrow. Held Risk Pool: A pool of asset tokens that can be held by the network to form a risk pool for the purpose of reducing the risk of occupant default. Special Purpose Entity (SPE: Special Purpose Entity): An entity that can be specifically set up to hold the investment rights of a dwelling. An investor can own the rights of the SPE, who can be a co-owner of the dwelling according to the Tenants in Common (TIC) certificate. Tenants in Common (TIC): A legal way in which more than two owners of a property can hold title. The tenants in common rights can be a legally undivided interest in the property that can be held and may not have a right of survivorship. Tenants in Common Agreement: A legal agreement that can govern how a tenants in common partnership is managed. Triple Net Lease: A lease agreement that can be held for a property, where the property owner or lessee agrees to pay all expenses of the property, including real estate taxes, building insurance, and / or maintenance. Exemplary Tokens and Usage Methods Aspects of the present disclosure include various tokens that can be used by software according to an exemplary process described in the following steps. Occupancy Token 1) The occupancy token can be a non-fungible token that can be issued by the SPE to the homeowner at the closing of the purchase of the TIC equity interest in the subject residence, upon execution by the occupants and the SPE of the TIC consent and / or triple net release. The occupancy token can confer certain rights and / or obligations on the holder, as described herein.

[0052] a) The occupant can have the right to occupy the residence according to, for example, a specific common property rights holder consent and / or triple net release that includes the following provisions.

[0053] i) The conditions can be permanent unless terminated according to predefined conditions.

[0054] ii) The rent can be an amount calculated as the sum of the base rent, platform fees, outstanding late fees, and / or repayment of advances, and can be paid by the occupant to the SPE via the platform.

[0055] (1) In some cases, rent payments can also include withholding of taxes, insurance, and / or HOA fees.

[0056] (a) The determination of whether there is an escrow account withholding can be based on an algorithm that uses various consumer and / or property data points and / or regional jurisdictional requirements.

[0057] (b) Any withheld escrow payments can be paid to a third-party escrow service provider.

[0058] iii) Unless embedded in the rent payment as part of an escrow seizure, the tenant may, separately from the rent, pay the property taxes, hazard insurance premiums, and / or HOA fees (including fines) directly to the appropriate taxing, insurance, and / or HOA authorities / agents when due.

[0059] iv) In addition to the other payment requirements included herein, the tenant may be required to timely pay any obligations that may become liens on the property, including, but not limited to, water and / or other utility bills, covenant enforcement fines, special assessments, and / or payments to contractors hired by the tenant to perform work or services at the residence.

[0060] v) The tenant may have the obligation to perform and / or pay for all regular maintenance of the property not covered under a residential warranty that may be provided under the terms of the TIC consent and / or triple net lease consent.

[0061] vi) If the tenant fails to comply with the maintenance requirements (e.g., Section 1(a)(v)), and / or fails to correct the non - compliance within the defined number of days of notice of non - compliance, the tenant may be deemed in violation, and / or a third - party contractor may be hired at the sole expense of the tenant to perform the maintenance work necessary to bring the residence into compliance, and the cost shall be paid by the tenant and may be added to the next rent payment.

[0062] (1) Any payment for a hired third - party contractor (e.g., under Section 1(a)(vi)) whose payment due date has passed prior to the next scheduled rent payment may be advanced from the retained risk pool and reimbursed by the tenant.

[0063] vii) The amount of the deduction arising under the terms of any residential warranty program may be paid by the tenant.

[0064] viii) Rent payments may be made in non-convertible currency.

[0065] ix) Late payment conditions (fees and / or timing) may be determined.

[0066] x) The occupant may be required to take and submit photos of the interior and exterior of their possessions using some computer on the contract response date of each year of acquisition of the occupancy token. (Note that any element of the system may be managed by the administrator and / or accessed by the user using any computer or combination of computers (e.g., desktop computer, laptop computer, mobile computer).) xi) If the occupant does not comply with preset rules (e.g., Section 1(a)(x)) within a predetermined amount of time, the occupant may be notified of their non-compliance. If the occupant remains in a non-compliant state within a predetermined amount of time after notification of non-compliance, a third party may inspect the possessions and / or photos and may enter into a contract for uploading the photos. (Any additional costs related to photos or any other issues related to the dwelling or system may be added to the amount of the next rent payment.) (1) Any payment for a third-party contractor hired under a predefined criterion that may become due prior to the next scheduled rent payment may be advanced from the retained risk pool and, when paid by the occupant, may be reimbursed to the retained risk pool.

[0067] xii) Any obligation defined in advance and not paid by the resident within a specified time period (e.g., Sections 1(a)(iii), 1(a)(iv), 1(a)(iv), 1(a)(vi), 1(a)(vii) and / or 1(a)(xi)) may be paid on behalf of the resident from the reserved risk pool or a fund advanced, and may trigger the automatic sale of an amount of additional equity sufficient to pay off the network for the defaulted payment.

[0068] xiii) If there is not enough additional equity to fully pay off the reserved risk pool for the advance according to the predefined rules (e.g., Section 1(a)(xii)), the lien may be imposed on part or all of the resident's minimum retained equity due to the shortage of the amount.

[0069] xiv) Any payment obligation according to the predefined rules (e.g., Section 1(a)(ii)) not paid by the resident within the predefined number of days may be paid on behalf of the resident from the reserved risk pool or a fund advanced, and may trigger the automatic sale of an amount of additional equity sufficient to pay off the network for the defaulted payment.

[0070] xv) If there is not enough additional equity to fully pay off the network for the advance according to the predefined rules, the lien may be imposed on the entire minimum retained equity of the resident due to the shortage of the amount.

[0071] xvi) Imposing a lien (e.g., in accordance with 1(a)(xiii) or 1(a)(xv)) may trigger an eviction procedure, cancellation of the occupancy token, sale of the residence, or termination of the TIC consent, or any combination thereof. Local laws may be used to determine the eviction procedure, etc.

[0072] b) The occupancy token may, as follows, confer the right to purchase and / or sell fractional equity.

[0073] i) In order to exercise any put or call right, the occupant may need to comply with all lease obligations.

[0074] ii) If the amount ($) or % (fractional amount) is above a predetermined amount or, if higher, the current enhanced valuation, the occupant may purchase additional fractions of their home at the current valuation at any time.

[0075] iii) The amount of equity to be transferred may be calculated by dividing the relevant valuation (e.g., current or enhanced) by the amount of non - convertible currency (e.g., USD) of the payment excluding any transfer taxes or other fees and network transfer fees. The equity may be divisible by.001 of the (e.g., current or enhanced) valuation and may be transferred by amending the TIC certificate. The total payment made may be the sum of the equity purchase, plus transfer taxes or fees, and network transfer fees and may be paid by the occupant in non - convertible currency (e.g., USD).

[0076] iv) If the amount ($) or % (fractional amount) is above a predetermined amount or, if higher, the current enhanced valuation, the occupant may also sell the excess equity of their home at the current valuation at any time.

[0077] v) The amount of equity to be transferred can be calculated by dividing the relevant valuation (e.g., current or enhanced) by the amount of non - convertible currency (e.g., USD) that the homeowner can expect to receive, plus any transfer taxes or fees, and network transfer fees. The equity can be divisible to.001, can be transferred by amending the TIC certificate, and can be recorded in accordance with an escrow agreement with a third - party escrow company or other provider of settlement services. The amount of funds received by the occupant can be the net of any transfer taxes or fees, and network transfer fees, and can be settled in non - convertible currency (e.g., USD) to the occupant.

[0078] c) The occupancy token can, as follows, give the occupant the right to sell the dwelling as a whole.

[0079] i) The occupant can give notice to the investor of their intention to sell the dwelling and the price at which the dwelling will be listed.

[0080] ii) Upon receiving the intention to sell and the initial listing price, the investor can have the right of refusal to purchase the property at the initial listing price for a predetermined amount of time.

[0081] iii) Upon expiration of the first right of refusal, the occupant can list the property with a real estate agent who is a network preference provider.

[0082] iv) Notwithstanding Section 1(c)(iii) of this specification, if the occupant is a recognized real estate agent, they can act as a listing agent, provided that they are in accordance with all predefined contractual conditions. However, they can only receive a commission based on their proportional TIC interest in the dwelling. Further, they can only present a buyer's agent commission that is below a predetermined amount (e.g., %) of the selling price.

[0083] v) The occupant may state any liability arising as a result of a violation by the occupant of the listing and / or sale consent (such as a specific performance claim), which cannot be attached to the property and may use the listing and purchase contract addendum provided by the platform to release the investor from and / or otherwise compensate for any claims related to the listing and / or sale and may compensate the investor in other ways.

[0084] vi) Upon receipt of an offer acceptable to the occupant and / or below the list price, the investor may have the right of first refusal for a predetermined amount of time to match the offer.

[0085] vii) Upon notification by the occupant of receipt of an offer that does not trigger the right of first refusal in Section 1(c)(vi), and / or when the investor declines the right of first refusal and / or a new buyer wishes to purchase the property using the platform and is qualified to do so, the investor may have a predetermined amount of time to determine whether they wish to retain their rights and / or include them in the sale.

[0086] (1) The investor's decision to retain their rights in the property may not guarantee that they retain the same proportion of rights as they previously held, as the exact amount of their retention may be based on the amount the new occupant purchases relative to what the original occupant held at the time of sale. Equity reallocation may be done proportionally among all previous investors who wish to retain their rights.

[0087] viii) If the property can be sold to a buyer using the platform, the rent and base rent may be recalculated based on the sale price of the property. This may also apply if the existing investors elect to retain their ownership rights.

[0088] ix) The realtor fees for the sale of the property can be deducted from the settlment proceeds of the occupant, up to a maximum of 96 months, as a credit of a predetermined amount (e.g., 0.00041677%) of the contract sale price for each month the occupant holds their occupancy token. The capital for the credit can come from the real estate property fee funds.

[0089] x) Unless the occupant uses the proceeds to immediately purchase another home on the platform, the occupant can be charged an exit fee at a predetermined amount (e.g., 1% of the sale of the home), in which case the fee will be at a predetermined amount (e.g., 0.5% of the amount of the sale of the home).

[0090] xi) If the home can be sold to a buyer who may not use the network to finance their acquisition, the occupancy token (and / or asset token) can be redeemed and / or burned, the TIC consent can be terminated, and the SPE can be dissolved.

[0091] xii) The settlement of the home sale can be made in non-convertible currency of the United States. 2) The occupancy token can give the holder the right to make capital improvements to the home and benefit from those improvements.

[0092] a) The occupant, as the administrator of the SPE, can notify the platform, as the administrator of the SPE, of any plans to make capital improvements to the home, prior to a predetermined amount of time.

[0093] b) The current enhanced appraisal can be directed by the platform to determine the pre- and post-improvement appraisals of the home to calculate the capital improvement value. The post-improvement appraisal may require an on-site inspection to confirm that the work is complete.

[0094] i) The occupant can bear the cost of the appraisal.

[0095] c) The capital improvement value can be calculated by subtracting the value before improvement from the value after improvement.

[0096] d) The TIC consent can be corrected to allocate the capital improvement value to the net proceeds that the occupant can receive upon the sale of the house. Asset Token 3) The asset token can be an alternative token issued by an SPE that can give certain rights and obligations to the holders described herein.

[0097] a) The asset token can represent the ownership of a house for any of the following combinations.

[0098] i) The SPE can be the entity named on the TIC certificate for the investor and can hold real property rights.

[0099] ii) The special purpose entity can initially be a limited liability company (LLC), but can also be a Delaware Statutory Trust (DST), a series LLC, a land trust, or other entity legally granted the right to hold real estate property within the jurisdiction where the house is located.

[0100] iii) There can be >1 SPE named on the TIC certificate for the house, for example, both an LLC and a DST.

[0101] iv) The asset tokens can be allocated to them on a pro rata basis in the same ratio as the investors' ownership in the SPE and can be issued in exchange for non - convertible currency investment (USD) in the SPE.

[0102] (1) The platform can decide to accept other payments in the future, such as stable coins or other non - convertible currencies.

[0103] v) The token holders may have pre - determined control rights in the SPE.

[0104] b) Holders of asset tokens may have any combination of the following rights.

[0105] i) The right to receive rental payments in accordance with their proportional ownership in the SPE, calculated using a formula that can multiply the proportionate number of owned asset tokens by the sum of the base rent and any late fees in accordance with Section 3(b)(1).

[0106] (1) Late fees paid to the occupant are advanced by the retained risk pool for the payment that forms the basis of the late fee, in which case the late fees may be distributed proportionally to the holders of asset tokens, in proportion to their holdings, unless the late fees may be distributed to the retained risk pool.

[0107] (2) Payments may be settled in fiat currency (USD) or, in some cases, in other cryptocurrencies such as USDC, as may be determined from time to time by the platform.

[0108] ii) The right to receive HPI tokens on a proportional basis in the same ratio as their ownership of the asset tokens.

[0109] iii) Payment of the net proceeds from any sale of the housing owned by the SPE, in proportion to their ownership of the asset tokens.

[0110] iv) A fee - free sale of the real estate property may be offered to the SPE in the case of a voluntary or involuntary (e.g., occupant default) sale of the entire property, except as provided in Section 3(b)(iii)(1) below.

[0111] (1) If a real estate property agent or broker is selected by the SPE owner (for example, to the extent such selection is permitted or required), and / or if such agent or broker is not a network preference provider, the fee credit shall be capped at a maximum of 4% of the sale price.

[0112] v) In the event of tenant default, the asset token holder may receive uninterrupted rent payments up to the limit of the assets held in the retained risk pool.

[0113] vi) The asset token holder may not be required to finance any portion of its out-of-pocket expenses in relation to tenant default up to the limit of the assets held in the retained risk pool.

[0114] vii) Funds for making payments and / or advances (such as those detailed in Sections 3(b)(iii), 3(b)(iv), and 3(b)(v)) may be provided by the platform for the SPE using any combination of the assets held in the retained risk pool.

[0115] viii) The initial holders of asset tokens that may be offered in accordance with the U.S. Securities Act may be resold after a holding period of a specified amount of time (for example, 12 months), provided that the holder is a QIB and, in that case, they may not resell the tokens to another QIB without any holding period. After the expiration of the holding period, the holder may freely trade in a secondary exchange with both accredited and / or non-accredited investors.

[0116] ix) There may be a right to encumber asset tokens for leverage purposes.

[0117] x) The occupant may have the right to sell a portion of their TIC holdings (known as excess equity, for example) in accordance with the acceptance guidelines. The asset token holders may be notified of the sale and may have the right, rather than the obligation, to purchase additional asset tokens being sold by the SPE to raise capital to purchase the TIC rights from the occupant. If more than two asset token holders are required to purchase the additional asset tokens, the amount of the asset tokens may be proportionally divided and / or sold among them based on the amount of the asset tokens they owned immediately prior to the proposed transaction.

[0118] c) The holders of the asset tokens may have the following obligations.

[0119] i) As long as they are complying with all obligations as holders of the occupancy tokens, the occupant may at any time request to purchase any fractional TIC amount of their residence from the SPE, which may need to be accepted and paid for.

[0120] ii) Any transaction conducted in accordance with Section 3(c)(i) may be made at the current appraisal of the residence if the amount of the transaction is below a predetermined amount (e.g., $ or % (fractional amount)) and / or, if higher, the current enhanced appraisal (see also Section 1(b)(ii) of this document).

[0121] iii) The net proceeds from any sale made by the SPE in accordance with Section 3(c)(i) below may be distributed to the asset token holders on a proportional basis. The net proceeds may be calculated under predetermined rules. For example, the total amount paid by the occupant minus the transaction fees and minus any other costs of the sale or transfer (recording fees, title costs, transfer taxes, etc.).

[0122] iv) The transfer of the TIC rights from the SPE to the occupant is recorded on the corrected certificate and may be recorded in accordance with an escrow agreement with the third - party rights origin company of the settlement service or other providers. HPI Token 4) The HPI Token can be an alternative token issued by a bankruptcy (BK) - remote SPE (which can hold HPI equity pool assets and exist for the purpose of issuing HPI Tokens), or an SPE that has a contract with a BK - remote SPE so that each SPE can issue HPI Tokens independently. The HPI Token can be backed by a pool of equity generated by the appreciation of any housing (or subset of housing) on the platform. The ownership of this equity can be transferred by the asset token holder to the HPI equity pool in exchange for the HPI Token.

[0123] a) The HPI Token can be issued simultaneously with the asset token when the housing can be initially boarded onto the platform.

[0124] i) The HPI Tokens issued together with the asset tokens can be locked when issued and / or can remain as such unless they are unlocked in accordance with 4(d)(i) of this section.

[0125] ii) The locked HPI Tokens may not be separable from the asset tokens and can be transferred as part of any secondary transfer made after issuance.

[0126] iii) The contract can be created at the SPE when the property is boarded, which can allocate the value of the housing appreciation that can be collected upon the sale and exit of the housing from the platform to the HPI asset pool.

[0127] b) The platform can establish a predetermined time period known as the HPI interval when it can update the valuation of each housing unit on the platform for the purpose of calculating the change in value of each housing unit during that period.

[0128] c) At the specified time at the end of each HPI interval, a home price appreciation (HPA) or home price depreciation (HPD) can be calculated. The calculation can be the difference between the valuation made at the end of the previous HPI interval and the valuation made at the end of the current HPI interval.

[0129] i) If a housing unit was boarded on the platform during the current or immediately preceding HPI interval and / or an occupancy token was transferred to a new occupant during the current or immediately preceding HPI interval, the valuation of the housing unit at the time of boarding or transfer shall be used instead of the previous HPI interval valuation.

[0130] (1) If the first period is within a predetermined amount of time, a proportional adjustment can be made.

[0131] d) If the valuation at the end of the current HPI interval exceeds the valuation at the end of any previous HPI interval during the ownership of the current asset token holder and / or the value at the time of boarding and / or transfer as described in Section 4(c)(i), this valuation can also be designated as the HPI high water mark.

[0132] e) If the valuation during the current HPI interval does not exceed the HPI high water mark, the HPI token may not be unlocked.

[0133] f) If the current valuation falls below the HPI high water mark as a result of one or more periods of HPD and / or the asset token can be transferred to another owner: i) The high watermark may be removed.

[0134] ii) The future rights of the new owner to unlock HPI tokens can be based on the valuation from the most recent HPI interval prior to the transfer to the new owner and calculated according to the HPA calculated in accordance with Section 4(c).

[0135] iii) The original asset token nominal value can be exchanged for the current adjusted asset token nominal value, calculated as a proportional value of the asset token based on the lesser of the current valuation at the time of transfer and / or the valuation at the end of the most recent HPI interval.

[0136] g) If the HPA for the current period is >0 and the current valuation at the end of the period is greater than the high watermark, the HPI can be unlocked based on the following formula.

[0137] i) The number of HPI tokens unlocked per asset token can be calculated by dividing the lesser of the total HPA (e.g., in USD) minus the HPI high watermark (e.g., in USD) or the total HPA (e.g., in USD) by the market price of the HPI tokens (e.g., also in USD), then multiplying this quotient by the HPI realization rate (e.g., initially set at 90%), and then dividing this product by the total number of asset tokens held by the investor.

[0138] h) When a house that has risen sufficiently to trigger the issuance of HPI tokens according to this section is sold, the net sales proceeds from the sale that can entitle the HPI token pool to receive them according to the issuance of HPI tokens can be used to purchase these HPI tokens, which can then be burned. Underwriting Procedures Property Due Diligence 5) A standard set of diligence for all possessions can be performed prior to the boarding of such possessions to the network as follows.

[0139] a) The current market value can be determined using various possible methods. As defined herein, there can be at least two levels of evaluation that can be utilized within the network, namely the current evaluation and / or the current enhanced evaluation.

[0140] i) The current evaluation can be the default evaluation of the records within the system and / or can be performed using a top-class third-party AVM.

[0141] ii) The enhanced evaluation can be used in place of the current evaluation when several trigger events occur. The enhanced evaluation can include any combination of AVM, physical appraisal, broker price opinion, sales contract, asset token sale, or other predetermined related inputs.

[0142] iii) All evaluations are independent and can be provided to the network by non-affiliated third parties.

[0143] b) The physical condition of the possession can be evaluated and documented. There can be a standard set of inspections supplemented by local customs determined at the jurisdictional level (e.g., wood-destroying insects, radon testing, septic tank inspection, water quality, mold, private well inspection). Any combination of inspections can be incorporated into a single home warranty inspection certificate and / or security.

[0144] i) The physical condition can be determined using top-class products and services that utilize independent third-party providers.

[0145] c) To ensure that both the occupant and / or the SPE have rights free of encumbrances after closing and can be protected by insurance in case of defects in the title, the title of the property can be inspected and a title insurance policy can be issued. This can apply to both new purchases and when existing homeowners board their currently owned homes onto the platform.

[0146] i) In the case of a new purchase, an ALTA owner's title insurance policy may need to be purchased.

[0147] ii) When an existing homeowner boards their currently owned home (e.g., only if the SPE needs to be covered assuming the occupant already has an interest in the title), an ALTA owner's title insurance policy may also need to be purchased.

[0148] iii) Any necessary endorsements (e.g., survey, flood, environmental, etc.) can be made.

[0149] iv) The title can be transferred to the SPE and the occupant, and the policy can form the starting basis of a blockchain ledger for title tracking.

[0150] v) The title insurance vendor can be independent and / or non - affiliated with the network.

[0151] d) All property due diligence described in this section can be archived within the platform and / or the blockchain that underlies it. Occupant Due Diligence 6) The following due diligence can be performed on a per - applicant basis as part of the application process before future occupants (and / or current applicants) are approved to board onto the network and issued an occupant token.

[0152] a) The applicant credit review can be done by performing a third party tri-bureau credit report that can be used to determine the following.

[0153] i) FICO (any version of FICO can be used). The minimum value can be a predetermined amount (e.g., 620) for eligibility. The credit score can be retained and accessible to a given party. The vendor may be required to store this information for the platform for a given amount of time.

[0154] b) The applicant's income can be determined by the following.

[0155] i) For TrueConnect applicants, the payroll census file to the extent that it is the only source of income required for eligibility.

[0156] ii) By using an independent third party income verification service.

[0157] c) The backend debt-to-income ratio can be determined for each applicant / application by any of the following combinations.

[0158] i) Collecting data from the application.

[0159] ii) Collecting data from the credit report.

[0160] iii) Discrepancies in liability between the application and / or credit report can be reconciled by using an independent third party verification service.

[0161] d) The amount of minimum retained equity can be determined by an algorithm that can use as input the applicant's credit score, backend DTI, risk pool composition, or property-specific data, or any combination thereof. The minimum retained equity can be used to calculate the minimum down payment required by the applicant to close the transaction.

[0162] i) In the case of a new purchase, the applicant can have the ability to transfer an amount of non-convertible currency (e.g., USD) equal to the value of the minimum retained equity to (e.g., a settlement agent or another party) to proceed with the approval. The applicant may or may not actually need to transfer the money, show funds in an account, or may need to verify using a third party (e.g., Finlocker, or a third-party asset verification service).

[0163] ii) When an existing homeowner is boarding a home they currently own, there may need to be equity in the property that is above the minimum retained equity requirement after closing.

[0164] iii) Notwithstanding Sections 6(d)(i) and 6(d)(ii) above, a portion of the homeowner minimum retained equity can be partially provided by impact investors as described in Section 7 of this document. Impact Investing on the Platform 7) To facilitate home purchases by applicants who would not normally be eligible to purchase a home, the platform can have infrastructure that enables the platform to be utilized by impact investors to assist those applicants.

[0165] a) Any requirement that an occupant must finance minimum retained equity as described in Section 6(e)(i) may be modified to enable an impact investor to assist the occupant in financing minimum retained equity.

[0166] b) The minimum credit score requirement described in Section 6(a)(i) may be waived to enable impact investors to set their own minimum qualification criteria.

[0167] c) An impact investor may purchase an asset token for an amount calculated as the amount of equity purchased by the occupant less the minimum retained equity, provided that the occupant must purchase a predetermined amount (e.g., a percentage of equity at closing) or more from their own funds.

[0168] i) Asset tokens purchased by an impact investor may be locked and unlocked only when any of the following combinations occur.

[0169] (1) The occupant purchases equity from the impact investor, in which case the corresponding number of asset tokens may be unlocked, redeemed, and / or transferred to the treasury, or (2) The occupant elects to exercise their right to sell the property, in which case the asset tokens may be (a) unlocked, redeemed, and / or burned after the distribution of the proceeds from the sale of the property if the property leaves the network (e.g., the new purchaser elects not to use the platform), or (b) unlocked, redeemed, and / or transferred to the treasury after the distribution of the net proceeds from the sale. (3) The occupant defaults, the housing is sold, and in that case, the asset token may be (a) unlocked, repaid, and / or burned after the distribution of the proceeds from the sale of the property if the property leaves the network (e.g., the new purchaser elects not to use the platform), and / or (b) unlocked, repaid, and / or transferred to the treasury after the distribution of the net proceeds from the sale.

[0170] ii) The Impact Investor Asset Token may be granted the right to a pro rata distribution of the net proceeds in the event of the sale of the housing pursuant to Sections 6(b)(i)(2) and 6(b)(i)(3), in accordance with the following formula.

[0171] (1) Any advances made by the platform in accordance with Sections 3(b)(iii), 3(b)(iv), and 3(b)(v) of this document subtracted from the net proceeds from the sale + any recoveries from the sale of the occupant's TIC rights in the housing.

[0172] d) The asset tokens held by the Impact Investor may be granted the right to their pro rata share of the rent paid by the occupant + 100% of the enhanced rent.

[0173] i) A portion of the enhanced rent payment may be used to purchase additional TIC rights in the housing from the Impact Investor's holdings in the SPE.

[0174] ii) When purchasing TIC rights equal to the entire Impact Investor holding in the SPE, the occupant's enhanced rent payment obligation may be terminated. Onboarding to the Network Parties and Initial Transactions 8) Figure 11 is a diagram of the parties and transactions that may be required to onboard a housing onto the platform.

[0175] a) The seller can be an individual or entity that sells homes that can be purchased by the occupant and the SPE and boarded on the platform.

[0176] i) The seller can receive non - convertible currency (e.g., USD) from the occupant in accordance with the real estate property closing and can issue a warranty deed to the occupant as one of two co - property owners.

[0177] ii) The seller can receive non - convertible currency (e.g., USD) from the SPE in accordance with the real estate property closing and / or can issue a warranty deed to the SPE as one of two co - property owners.

[0178] iii) Outside of the real estate property transaction, the seller may not need to have a partnership and / or ongoing relationship with the platform or any other party.

[0179] b) The occupant can be a consumer who starts acquiring possessions and / or becomes the holder of an occupant token.

[0180] i) The occupant can pay non - convertible currency (e.g., USD) to the seller in accordance with the real estate property purchase transaction and / or can receive in return a warranty deed that grants the occupant co - property rights in the home.

[0181] ii) The company that owns the platform that connects and / or manages all relationships and transactions among the parties can set up the SPE and / or manage ongoing administrative functions for other SPE owners and, in return, can receive HPI tokens allocated by the SPE.

[0182] c) The investor can be a provider of capital to the SPE that enables the SPE to purchase home rights together with the occupant.

[0183] i) An investor can purchase asset tokens and HPI tokens from the SPE, which can be paid in fiat currency (USD). The SPE can be an entity that can own real estate property rights for the investor.

[0184] ii) The SPE can sell asset tokens to investors who can purchase them in fiat currency (USD).

[0185] iii) The SPE can purchase the rights to a house from the seller in fiat currency and, in return, receive a warranty deed that grants the SPE the rights of a co - owner of the house.

[0186] iv) The SPE can enter into a co - owner consent and / or triple - net lease with the occupant and, in consideration, issue occupancy tokens.

[0187] v) The SPE can enter into a contract that grants the right to a proportional share of all future increases in the HPI pool and, in consideration, the HPI pool can issue HPI tokens to the SPE.

[0188] d) The HPI pool can be a BK remote SPE that can receive all future HPI gains from the SPE in exchange for issuing HPI tokens to the SPE.

[0189] e) The risk pool can be a BK remote SPE that can enter into a contract to advance rent and default costs for the SPE and, in consideration, the SPE can issue asset tokens. Parties and Transactions 9) Figure 12 is a diagram of exemplary parties and / or transactions that may be required to board a house on the platform in an impact investor program.

[0190] a) The seller can be an individual or entity that sells a residence that can be purchased by the occupant and the SPE and boarded on the quarter platform.

[0191] i) The seller can receive non-convertible currency (e.g., USD) from the occupant in accordance with the real estate property closing and / or can issue a warranty deed to the occupant as one of two co-owners.

[0192] ii) The seller can receive non-convertible currency (e.g., USD) from the SPE in accordance with the real estate property closing and / or can issue a warranty deed to the SPE as one of two co-owners.

[0193] iii) Outside of the real estate property transaction, the seller may not need to have any partnerships or ongoing relationships with the platform (or platform owner and / or administrator) or any other parties.

[0194] b) The occupant can be a consumer who can initiate the acquisition of possessions and / or become a holder of the occupant token.

[0195] i) The occupant can pay non-convertible currency (e.g., USD) to the seller in accordance with the real estate property purchase transaction and, in return, can receive a warranty deed that grants the occupant the co-ownership rights of the residence.

[0196] ii) The occupant can obtain consent from the impact investor and / or the SPE to do the following: (1) Purchase an amount of SPE rights that can be equal to the proportionate ownership of the impact investor in the SPE, and (2) Pay an additional amount to the SPE every month, a portion of which can be used to finance the purchases described in Section 9(b)(ii)(1), and the balance is allocated to the impact investors as additional rent.

[0197] c) A company that owns a platform capable of connecting and / or managing the relationships and / or transactions among all parties.

[0198] i) This company can set up the SPE and / or manage ongoing management functions for other SPE owners, in return for which it can be permitted by the SPE to use HPI tokens.

[0199] d) An investor can be a provider of capital to the SPE, enabling the SPE to purchase housing rights together with the occupant.

[0200] i) The investor can purchase assets and / or HPI tokens from the SPE, which can be paid in a non-convertible currency (e.g., USD).

[0201] e) The impact investor can be a capital provider to the SPE and / or a backer of the occupant, and can purchase asset tokens from the SPE for an amount greater than, for example, the amount equal to the occupant's MRE minus the amount of the TIC rights purchased by the occupant.

[0202] i) The impact investor can obtain consent from the SPE and / or the occupant under the following conditions.

[0203] (1) The impact investor can guarantee the performance of the occupant and / or pledge the asset tokens it owns as collateral to the SPE.

[0204] (2) In exchange for the monthly supplementary rent payment, the impact investor can sell to the SPE a portion of their asset tokens equal to the amount of TIC rights purchased monthly by the occupant.

[0205] (3) The impact investor may not be granted the right to HPI tokens under certain circumstances.

[0206] f) The SPE can be an entity that owns real estate property rights for the investor.

[0207] i) The SPE can sell the asset tokens to investors who can purchase them in non-convertible currency (e.g., USD).

[0208] ii) The SPE can also sell the asset tokens to impact investors who can purchase them in non-convertible currency (e.g., USD).

[0209] iii) The SPE can purchase the rights to the house from the seller in non-convertible currency and / or receive in return a warranty deed that grants the rights of a co-owner of the house.

[0210] iv) The SPE can enter into a co-owner consent and / or triple net lease with the occupant and, in consideration, issue occupancy tokens.

[0211] v) The SPE can enter into a contract that grants the right to a proportional share of all future increases in the HPI pool, in exchange for which the HPI pool can issue HPI tokens.

[0212] vi) The SPE can obtain consent from impact investors and occupants who can have any combination of the following provisions.

[0213] (1) The SPE can receive additional payments from the occupant every month in a non-convertible currency (e.g., USD), a portion of which can be designated as additional TIC rights for purchase, and / or the remainder can be paid to them as additional rent that can be a supplement to a proportional amount that grants rights to impact investors based on ownership of the asset token.

[0214] (2) The non-convertible currency received from the occupant in accordance with Section 9(f)(vi)(1) can be used to repay the asset tokens owned by the impact investors in proportion to the TIC rights purchased by the occupant.

[0215] (3) The asset tokens owned by the impact investors may not need to be granted rights to the HPI tokens. (4) The asset tokens owned by the impact investors can be guaranteed to ensure the performance of the occupant.

[0216] g) The HPI pool can be a BK remote SPE that can receive all future HPI gains from the SPE in exchange for issuing HPI tokens to the SPE.

[0217] h) The risk pool can enter into a contract to advance rent and / or default costs for the SPE and, considering this, can be a BK remote SPE that has asset tokens issued by the SPE. Services 10) The following services can be provided to board possessions and occupants onto the network.

[0218] a) Consumer due diligence (e.g., third-party underwriters such as Evolve) i) Credit analysis (e.g., credit reports and scores) ii) Repayment ability analysis (e.g., income verification / assets in case of asset impairment) iii) Asset verification (e.g., down payment) iv) Customer verification (KYC: Know your customer) / Anti-money laundering (AML) / etc.

[0219] b) Title diligence i) Valuation determination (e.g., AVM etc. as required) ii) Condition of the property (e.g., inspection) c) The settlement agent can provide one or more of the following services.

[0220] i) Document prep and review (e.g., TIC certificate, closing statement, etc.) ii) Prepaid interest calculation iii) Tax and other prorate calculations iv) Notary services v) Escrow account funding and disbursement execution vi) Document recording vii) Post-closing documents d) Title insurance company i) Title examination and commitment issuance ii) Policy issuance e) Home warranty i) Policy or contract issuance f) Hazard insurance i) Policy issuance g) Escrow impound account i) Setup and funding ii) Ongoing administration and reporting h) Servicing i) If not default, via the quarter platform ii) If default, a special servicing company i) SPE setup and governance i) The quarter can perform the tasks necessary to set up and manage the SPE (1) Compliance with the region (2) Ongoing administration and governance ii) Token Issuance (1) The SPE can issue occupancy tokens and asset tokens upon receipt of (TDB). (2) The HPI Asset Pool SPE can issue HPI tokens. Other Exemplary Aspects of the Present Disclosure A method and system for conducting transactions via asset tokens and blockchain-based smart contracts can be provided. The method and system can include creating a fractionalized risk pool for single-family homes, where the fractionalized risk pool comprises at least two token types issued using a blockchain, each token type being purchasable by an investor, selling at least two tokens to an investor using a blockchain, and distributing payments to the investor using a blockchain. Multiple single-family homes can be combined with each other for investment purposes. The single-family home can be an occupied single-family home. The tokens can be blockchain-based smart contracts. The tokens can confer some financial rights in the home to the token holder. The token types can include asset tokens, HPI tokens, or occupancy tokens, or any combination thereof. Asset tokens can be issued to investors. HPI tokens can be issued to investors and can be located within an HPI pool, and the HPI tokens can be unlocked and transferred to an asset token holder (e.g., the inventor) when certain conditions are met. Occupancy tokens can be provided to the occupants of a single-family home. Some or all of the tokens can be resold or re-traded.

[0221] The methods and systems provided herein can have many benefits depending on the embodiments used. For example, homebuyers without the required down payment can now purchase a home and also use investors to finance the down payment. Homeowners without equity and / or MRE for replenishment can use investors to help facilitate replenishment. Investors who purchase tokens can invest in the single-family housing market in ways that may not have been previously available. A new asset class may become available to investors that was not previously available. Rent control issues can be avoided and / or mitigated. Many types of risk mitigation may become available (e.g., for fractionalization, the risk levy can also be fractionalized). Homeowners can also use the system to access the equity in their homes (e.g., in incremental amounts).

[0222] The method and system can also include receiving a transaction request for an asset token, checking an inventory of assets associated with the asset token, and when sufficient inventory is available, performing a transaction associated with the transaction request, where the transaction includes recording the transaction in a blockchain-based smart contract that includes a transfer of the asset token between entities. This can enable the automation of matching the requests of those who wish to sell or are obligated to sell asset tokens with the requests of those who wish to acquire or are obligated to acquire asset tokens. This can also enable the automated and / or enforceable compliance of contractual obligations. This can create a secure and / or immutable record of each transaction, and thus, a chain of title that is difficult to dispute. This can enable the use of algorithms to determine which tokens should be included in a transaction claim and which should be excluded, e.g., FIFO (first in, first out), pro rata, etc.

[0223] The transfer of the asset token is effected by an entity, whereby the ratio of assets owned by the entity can change. This can enable the automation of legacy transfer processes by removing many of the manual labor-intensive offline steps, and thus, can result in reducing costs as a result of simplifying the transfer process, speeding up the time to complete the transfer, simplifying any post-transfer accounting and auditing requirements for the transfer, and enabling at least one of the rapid reallocation of benefits derived from ownership.

[0224] Asset tokens can be based on real estate properties. This can create liquidity for assets that were previously illiquid, reduce transaction costs associated with real estate property transfers, provide opportunities to democratize investment in real estate property assets by lowering the minimum investment threshold, thereby enabling many more investors to participate, and opening opportunities to a global audience, and can enable the creation of a dynamic marketplace for real estate properties, capable of doing at least one of these things. This also helps create opportunities for financial engineering constructs that may not be available in standard real estate property transactions, thereby allowing the cost of capital to be reduced or reallocated to participants. This also allows the markets to be expanded by participating in a continuous series of small transactions that can be done intra-day (think of the stock market) by occupants of real estate properties and investors in real estate properties, versus a larger but less frequent single transaction of legacy real estate properties, such as the purchase of a house, whose frequency can be measured on an annual basis.

[0225] Transactions can be conducted between occupants of real estate properties and investors in real estate properties. This can be done indirectly by using non-fungible currency paid by the occupant to the issuing entity (SPE) in exchange for TIC rights. The SPE can then use the non-fungible currency to purchase (e.g., redeem) asset tokens from investors, deactivate them, and then transfer them to the treasury. This can enable the transfer of TIC rights between unaccredited occupants and holders of asset tokens who were initially accredited investors (in the U.S.-based case).

[0226] The transaction can include the payment of rent by the tenant to the investor by transferring asset tokens such that the rent payment is based on the ratio of the asset tokens owned by the investor. Each investor may be granted the right to a proportional amount of the rent paid by the tenant based on the ratio of the asset tokens they own. This can enable regular payments or proportional rent to the owners of the asset tokens, which can be made in fiat currency or other cryptocurrencies such as stablecoins, Bitcoin. This can also facilitate the payments by tracking the ownership of the asset tokens and recording such payments in an immutable blockchain ledger. This can also enable the generation of multiple cash flow waterfalls based on the ownership of the asset token ownership. This can also enable the creation of risk mitigation strategies by allocating the asset tokens to funds and / or pools specifically designed for risk mitigation purposes.

[0227] Rent payments can vary based on changes in the ratio of TICs owned by the occupant. This can help enable dynamic rent calculations. Unlike traditional real estate financing methods where payments tend to be fixed regardless of prepayment of obligations or current balances, basing rent payments on the proportional amount of TIC rights owned by the occupant can help enable real-time payment changes. For example, a homeowner paying investors rent at an annual rate of 4.39% purchases an additional $1,000 of equity in their home, and their ratio of TIC rights immediately changes, and they can see their monthly rent payment immediately decrease by $3.66 each month. From the occupant's perspective, this can provide an immediate return on their investment as their rent payment is reduced in real time as they increase the ratio of TICs they own. On the flip side, investors can also realize an immediate return when they increase their proportional holdings in TICs via asset token purchases. In both examples, the reverse is also true.

[0228] Transactions can include changes in TICs between the occupant and the investor. This can help enable investors to hold positions in single-family residential real estate properties, even for the very first time, where the owner is the occupant. Current methods for investors to gain access to the single-family residential real estate market are to directly or indirectly hold positions in rental properties, which can require property management and other operating overheads to manage the property rights for non-owner occupants, so this asset class may not exist. This can enable occupants to access the equity in their homes in real time and at an exceptionally low cost, above a minimum required equity threshold. This can eliminate the need to replenish the funds for the home by converting homeownership into cash.

[0229] The owner / manager can use the server and / or mobile application. For example, in the mobile application of FIG. 13, residents can use this or a similar system on a desktop computer or the like to check their ownership positions, sell equity upon request, and transfer fiat currency (USD) to their accounts within seconds.

[0230] Transactions can also include the transfer of asset tokens among multiple investors. This can enable the development of a secondary market for fractional real estate property ownership. This can create opportunities for price discovery in ways that were not previously available. Current legacy fractional ownership constructs, such as commercial real estate property syndicates or REITs, are typically traded at a significant discount to the value of the assets they own due to their illiquidity and lack of a robust secondary market. This can enable the democratization of real estate property investment by allowing transactions between accredited investors who initially purchase asset tokens from the issuer and unaccredited investors who can later purchase the asset tokens after the SEC - defined holding period toll. This can also provide opportunities for third - party service industry providers, such as title companies, to expand their markets such that they have opportunities to provide their products and services each time an asset token is transferred, as opposed to only when the entire ownership is transacted in a legacy environment. This also can provide opportunities for investors to manage risk through custom - built portfolios of assets based on specific diversification targets. For example, an investor can decide to diversify their portfolio of homes in an area experiencing high home price appreciation by divesting some of the asset tokens of homes in that area and allocating the proceeds to additional investments in areas with slower growth but higher yields.

[0231] Asset tokens have a static nominal (e.g., face) value, and the amount on the top may not change (the bottom may be another story as the price can go down). The upside component can be removed from the asset token so that any value derived from the appreciation of the housing can be contractually transferred to an HPI asset pool (e.g., some form of a BK remote entity) that can be the issuer of the HPI token. For example, an investment of $10 in an asset token can return $10 to the holder from the proceeds of the sale when the underlying housing is sold.

[0232] The HPI asset pool can represent the appreciation of all the houses in a group of houses. The HPI asset pool can aggregate all the appreciation of all the houses across the network into one location that can enable the issuance of HPI tokens that can be used in various financial engineering constructs.

[0233] HPI asset tokens can be issued that are guaranteed by the appreciation of all the houses in a group of houses. The act of issuing HPI tokens can unlock unrealized gains that are normally only accessible either upon the sale of the house or by obtaining a cash-out refinance mortgage. This can provide a floor to the value of the HPI tokens based on the value of the underlying housing appreciation rights transferred to the pool. There can also be an interest calculation effect, while on the other hand, there can be future HPAs or HPDs that can occur against the value of the assets already in the pool. Given that there is no true HPI index backed by actual houses, this can create a unique opportunity to use HPI tokens to speculate on the future movement of the housing market and further create additional financial instruments and / or derivatives based on the HPI tokens.

[0234] A minimum holding equity can be determined that comprises a minimum amount of equity that a housing occupant must hold based on a predefined acceptance criterion. Calculating the minimum holding equity can provide a basis for managing risk through the use of asset token holdings (by the occupant, risk pool, and / or impact investors), and can be a departure from the way traditional mortgages have been operated where there is a greater tendency to increase cash flow through the use of higher interest rates. Having “skin in the game” can be a predictor of future consumer performance, and the platform designed the MRE model to reflect that. It also serves as one of the core components in which the occupant's ability to transfer ownership is built.

[0235] The minimum retention equity can vary based on the current possessions profile and the current occupant profile and can be a dynamic number used to manage the default risk. The MRE as a risk mitigation tool, when combined with a fractional ownership structure, can create additional cash flow through higher interest rates from the entire group of consumers in a similar situation, eliminating the need to pay subsidies to defaulting consumers. It can be replaced by the combination of the risk pool contributed by all the homes on the platform and requiring each home owner to hold a minimum amount of the TIC equity of the possessions. Both can be useful in that they can be drawn from the average to occupant default. In short, each home owner can withstand the risk of their own default when they stand to lose their equity (much like a mortgage), but they are not required to pay in a form of higher payment that they cannot get back if they do not default. This can enable a much more dynamic risk mitigation strategy not only within the individual consumer base but also within the entire risk pool. This can also enable a dynamic adjustment in the underwriting criteria base on the overall health of the risk pool so that new applications can be reviewed and the MRE can be calculated based on the risk pool as well as individual consumer statistics. Further, since the consumer's risk profile can also change as the amount of excess equity available to transfer and / or assign (defined as occupant-owned equity over the MRE) can change, the ability to buy or sell equity in real time can be managed.

[0236] Ownership of the HPI assets for the possessions can be transferred by the asset holder to the HPI asset pool in exchange for HPI asset tokens. The ability to separate the HPI from the underlying assets can allow the unrealized gains to be carried forward and become liquid in real time.

[0237] HPI tokens can be issued simultaneously with asset tokens when a house is initially boarded on a platform for a group of houses. This can enable the holding period required by U.S. (and potentially other jurisdictions') securities laws to run in parallel with the period over which house price appreciation can be measured (e.g., the HPI interval), such that when the tokens are unlocked at the end of the period, restrictions on transfer can be removed and the tokens can be freely transferred on a token exchange to both accredited and non-accredited investors. The toruing of the holding period can democratize investment in that it enables non-accredited investors to acquire and hold HPI tokens. This can also reduce the risk for asset token holders in that they can immediately transfer (e.g., sell) their HPI tokens in order to reduce their exposure to house price fluctuations. Without toruing of the holding period, they could be exposed to a 12-month holding period.

[0238] HPI tokens issued with asset tokens can be locked when issued and remain locked unless they are unlocked under predefined conditions. This can reduce or eliminate the need to conduct subsequent token offerings to the extent that HPI tokens can be issued in an amount sufficient to meet the obligation to pay asset token holders for future HPA gains.

[0239] Locked HPI tokens may not be separable from the asset tokens being transferred after issuance. This can enable the transfer of asset tokens together with HPI tokens, which may be rights to future HPA gains, in a single transaction. This can also help torue the holding period by eliminating the need to issue new HPI tokens each time an asset token is transferred.

[0240] The updated assessment can be performed for each dwelling in a group of dwellings on the platform to calculate the change in value of each dwelling during the current period. This can enable the calculation of the value of the underlying rising assets that are transferred to the HPI pool. This can also enable the immediate pricing of TIC rights and transfers between occupants and investors. This can also enable the creation of a secondary market for asset tokens where frequent assessments can assist price discovery.

[0241] At the time of each updated assessment, a House Price Appreciation (HPA) or House Price Depreciation (HPD) can be calculated for the current period, where the HPA or HPD can be the difference between the assessment determined at the end of the previous period and the assessment determined at the end of the current period. This can provide a basis for calculating the number of HPI tokens to be unlocked per asset token. This can enable the HPI tokens to act as a true housing price index using the dwellings on the platform.

[0242] When a dwelling is boarded on the platform during the current period or within a defined amount of time preceding the current period, or when an occupancy token is transferred to a new occupant during the current period or within a defined amount of time preceding the current period, the boarding value and / or transfer value can be used instead of the difference from the previous period. This can enable a way to avoid double counting the increase when issuing HPI tokens or when an asset token is transferred. This can also enable the automatic tracking of the base value and nominal value of the asset tokens for investors and the adjustment of the nominal value of the asset tokens in case of a house price depreciation. This can enable investors holding asset tokens to track and / or calculate their HPI token allocation differently based on when they were purchased and how the house price has fluctuated since the above occurred.

[0243] For example, when the first period is short (e.g., a predetermined time), proportional adjustment can be made. When a secondary transfer is made after a value decline, a reset can be performed. To facilitate the frequent realization of HPI gains through the unlocking of HPI tokens, a minimum holding time may need to be established in much the same way that dividends function with stocks. In the case of equalization to value decline, the nominal value of the asset token can be reset so that the holder of the asset token does not receive double payment of the HPA. An example would be a house where the investor holding is estimated at 100K when the asset token is issued and then rises to 150K. The HPI tokens can be unlocked periodically based on a 50K increase in value. Then the value returns to 120K and then rises again to 140K. The asset token owner who did not sell their asset token during this period may not be granted the right to unlock additional HPI tokens based on the value increase from 120K to 140K. A high watermark can be established so that HPI tokens cannot be unlocked until the valuation exceeds the high watermark of 150K. However, if the asset token holder decides to sell their tokens before reaching the high watermark after a decline (e.g., assume they sell at 100K), they may have the nominal value of the asset token reset so that they receive only the net proceeds equal to the lower valuation of 100K in this case. However, the new owner of the asset token starts at 100K and can thus be granted the right to unlock HPI tokens for any increase above 100K.

[0244] HPI can be unlocked when the HPA for the current period is >0 and the following conditions are met: The number of HPI tokens unlocked per asset token is calculated by dividing the total HPA by the market price of the HPI token and / or the calculated number of HPI tokens unlocked per asset token is multiplied by a predetermined amount (e.g.,.9) and divided by the total number of asset tokens held by the investor. There may be no HPA in the current period, but instead, if there is HPD, the HPI tokens may not be unlocked. This is a proposal for the value of the HPI tokens. They can be unlocked in tandem with the HPA, enabling the holders of the asset tokens to realize gains that would normally be inaccessible without selling the house and / or refinancing it with a conventional mortgage. Further, this can create an opportunity for very small price fluctuations to be realized, unlike a refinance or sale where the fees and costs associated with the transaction can consume a large portion of the HPA gain.

[0245] When a house has been sold that has risen sufficiently to trigger the issuance of HPI tokens, the sales proceeds that the HPI token pool is entitled to receive pursuant to the issuance of the HPI tokens can be used to purchase HPI tokens, which are then burned. The burning of HPI tokens can manage inflationary pressures since it impacts the value of the HPI tokens. This can also eliminate the need to distribute the sales proceeds from the sale of the houses that underlie the HPI increase pool, which can increase costs and the accounting / regulatory burden and ultimately reduce the overall return potential for investors.

[0246] The minimum holding equity can be determined using as input the applicant's credit score, back-end DTI, risk pool composition, or property-specific data, or any combination thereof.

[0247] The minimum retention equity can be used to calculate the minimum down payment required by applicants who wish to become occupants in order to close on a residence. Today's financial markets (e.g., the real estate property financing market) can use interest rates as a first line of tools for crisis management. The end result can be that those with the least margin to carry it typically pay the most. To level the playing field and create a more accessible path to homeownership, we designed the concept of minimum retention equity or "MRE".

[0248] Asset tokens purchased by impact investors can be locked until the following occurs: the occupant purchases equity from the impact investor, in which case the corresponding number of asset tokens is unlocked, redeemed, and transferred to the treasury, and / or the occupant elects to exercise their right to sell the property, in which case the asset tokens will be unlocked, redeemed, and burned after the distribution of the proceeds from the sale of the property if the property leaves the network, or will be unlocked, redeemed, and transferred to the treasury after the distribution of the net proceeds from the sale, and / or the occupant defaults and the property is sold, in which case the asset tokens will be unlocked, redeemed, and burned after the distribution of the proceeds from the sale of the property if the property leaves the network, or will be unlocked, redeemed, and transferred to the treasury after the distribution of the net proceeds from the sale. In this way, the entire impact investor program can be plug-and-play, meaning that it fits within the overall design of the platform and coordinates with the management of asset tokens. Impact investors can provide the capital needed to supplement the capital that can be provided to meet the MRE requirements for the occupant to become a homeowner. By merging the impact investor hold with the occupant, the asset investment opportunities with impact investors and those without impact investors can be sufficiently homogenized from the perspective of non-impact investors so that they can be treated exactly the same from a risk perspective. They can be governed by smart contracts that can enable everything described above to be automated. Furthermore, the smart contracts can be customized to meet the specific needs of impact investors that enable them to focus on serving their clients better. The owner / manager can provide a turnkey infrastructure for socially conscious capital to plug in.

[0249] Impact investor asset tokens may be granted the right to a pro rata share of net sales proceeds in the event of the sale of a dwelling under at least one of the following circumstances: a) the asset tokens held by the impact investor are granted the right to their pro rata share of the rent paid by the occupant + 100% of the enhanced rent, b) a portion of the enhanced rent payment is used to purchase additional TIC interests in the dwelling from the impact investor's holding in the SPE, c) the occupant's enhanced rent payment obligation ends upon the purchase of TIC interests equal to the entire impact investor holding in the SPE, d) the impact investor asset tokens are granted the right to a pro rata share of net sales proceeds in the event of the sale of the dwelling, e) the asset tokens held by the impact investor are granted the right to their pro rata share of the rent paid by the occupant + 100% of the enhanced rent, f) a portion of the enhanced rent payment is used to purchase additional TIC interests in the dwelling from the impact investor's holding in the SPE, and g) the occupant's enhanced rent payment obligation ends upon the purchase of TIC interests equal to the entire impact investor holding in the SPE. This can be useful in that it can provide an arbitrage opportunity created by the delta between the typical monthly cost of rent to the occupant and the typical market rent in a given zip code. This can enable the impact investor to enjoy a significant return that can attract both philanthropic entities and capital conscious of a society seeking excellent returns. The ability to manage asset tokens can form the basis for homogenizing the overall investment opportunity enough to ward off additional risk-based pricing, and can provide the ability to merge occupant and impact investor holdings. Further, the ability to reduce costs through smart contract automation can help provide benefits to the occupant.

[0250] In some embodiments, the income disruption buffer can help utilize the concept of minimum retained equity to protect residents during periods of turmoil. By having a savings buffer (e.g., several months of housing costs during a significant disruption in a person's income), the homeowner default rate can be cut in half. The income disruption buffer for rental payments can be built into the resident's minimum retained equity requirements and, in the case of eligible life events (e.g., job loss, divorce, illness), enable them to apply and draw on those funds to make their rental payments. This income disruption buffer can help empower homeowners.

[0251] In addition to the down payment assistance programs that can help investors offer to new homebuyers, a homeowner assistance program can be used to help existing homeowners who do not meet the MRE requirements board their existing homes on the quarter platform. The homeowner assistance program can be operated in a similar manner to the down payment assistance program, and investors purchase the amount of equity necessary to bring their total holdings and homeowner equity up to the MRE. An escrow transaction between the market rental rate and a lower quarter rental rate can be used to enable them to purchase their portion of the residence on a monthly basis until the homeowner has effectively purchased all of the equity from the impact investor. Exactly like the down payment assistance program, consumers can change the inputs to the homeowner assistance program by modifying their credit score range, housing profile, or other variables, or any combination thereof, to create and view various scenarios where different homeowner assistance amounts are required.

[0252] In some embodiments, the method and system use a platform to create a fractionalized risk pool and a fractionalized housing price index (HPI) pool for real estate property possessions, and the fractionalized risk pool and the fractionalized HPI pool can comprise asset tokens, HPI tokens, and occupancy tokens. The asset tokens, HPI tokens, and occupancy tokens are sold to asset token holders by a first computing device of a first computing system using a blockchain, and a first network function request is sent to the asset token holders. Here, the asset tokens can comprise a blockchain-based smart contract for the decentralized network. A second network function request is sent to the decentralized network by a second computing device of a second computing system, where the second network function request can comprise the sale of HPI tokens to HPI token holders. Here, the HPI tokens can comprise a blockchain-based smart contract for distributing payments to asset token holders and HPI token holders using a blockchain. The occupancy tokens can be such that after a blockchain-based smart contract is concluded, they can grant the occupants of the real estate property possessions the financial rights and occupancy rights to the real estate property possessions. Transfers from occupant to occupant can be supported using occupancy tokens. The HPI asset pool can be held in an account held by a fund controlled by the platform. A display can be used to display information comprising payment information, MRE information, cash-out information, or any combination thereof. The display can be used to display possessions for sale that an occupant may be able to afford to pay for. The information displayed can be based on self-declared data, data looked up using a third-party data source using possession address information, or both.The occupant applicant can view the properties eligible for them to purchase. The properties can include MLS properties. The properties can include non-MLS properties. The non-MLS properties can include platform partners. The non-MLS properties can include properties entered by the occupant applicant. HPI tokens can be managed. HPI token management can include tracking property price increases, or managing HPI token distribution, or both. HPI token management can include updating the valuation of all boarded properties. Suspicious data can be deleted. Suspicious data can include a predetermined amount of data outside the expected range. HPI gains and / or HPI token allocations can be determined at HPI intervals. Additional Exemplary Terms Applicant: An individual who has not received an occupancy token but can submit an application to utilize a platform (e.g., referred to herein as the quarter platform, although any other term or name may be used instead to describe or name the platform) to finance the purchase or replenishment of a real estate property right in a house.

[0253] Appreciated Value: Can be the appreciated value of a particular house (regardless of whether realized upon sale of the particular house or unrealized appreciation while held by the homeowner of the occupancy token). The appreciated value can be calculated by subtracting the current valuation of the house when the house can be boarded to the quarter platform from the current valuation of the house at a given time after the initial boarding. If the appreciated value is negative, the appreciated value can be considered 0.

[0254] Base Rent: Can be the amount paid monthly by the homeowner to the SPE for a given house, taking into account the homeowner's right to occupy the house, and this amount can be determined by the quarter.

[0255] Burn: Burning or burning tokens can be an address that may be a "black hole" where tokens can be transferred to an address that may not be owned by any entity and it may be virtually impossible to determine or infer the applicable private key for it using current computers based on known mathematical principles. This can effectively destroy the token by making it unavailable for future use and can reduce the total number of tokens available after that point.

[0256] Current adjusted asset token nominal value: Can be the nominal value of an asset token expressed in fiat currency (USD), and the nominal value may be adjusted as the issuance may be the result of a decline in the value of the housing owned by the SPE.

[0257] Current enhanced valuation: Can be a record valuation based on using enhanced valuation methods (other than AVM), such as broker price opinions (BPO), and / or full appraisals and / or other valuation methods adopted by the quarter.

[0258] Current valuation: Can be the valuation of a record in the quarter platform determined by an automated valuation model (AVM) that can be used in the real estate property market to estimate residential possessions.

[0259] Cash funding pool: Can be a cash escrow bank account held by the fund to hold the purchase payments made by investors for the sold asset tokens. Each investor can have a separate ledger.

[0260] Digital wallet: Can be in a form where the public key can be presented and recorded on the blockchain. The wallet address can thus be used to assign ownership of tokens on the quarter platform.

[0261] Enhanced rent: An additional amount that may be paid by a housing owner to an SPE for the benefit of impact investors only. This amount can be calculated as the difference between the fair market rent in the submarket of the jurisdiction where the house is located, as determined by the quarter, and elements such as the base rent of a given house (e.g., as described in the real estate property agreement), without limitation.

[0262] Excess equity: An amount of unencumbered equity held by a housing owner that may exceed the minimum retained equity of the housing owner.

[0263] Housing upside right: An exposure and / or entitlement to a pro rata share of the aggregate upside value of the houses boarded on the quarter platform at a given time. The housing upside right may not be linked to any specific SPE (and thus, any specific house).

[0264] Housing owner: An individual who may be authorized to use the quarter platform, initiate the acquisition or financing of a house, purchase the real estate property rights of a house, or become the holder of an occupancy token with the exclusive right to live in the house, or any combination thereof.

[0265] Housing price index (HPI): A change in the value of all houses on the quarter platform within a given period. The HPI can be stated either as an actual amount (non-convertible currency) or as a percentage change from some specific starting date.

[0266] House: A residential real estate possession that may be permitted to be boarded on the quarter platform.

[0267] HPI asset pool: It can be located in a pool of housing equity that can comprise all the aggregate upside values of the houses on the quarter platform that may be in escrow accounts held by the fund.

[0268] HPI Realization Rate: An amount that can be stated as a percentage between 0 and 100 that can be applied to the housing appreciation during the current period to calculate the number of HPI tokens to be unlocked.

[0269] HPI Token Escrow Pool: Can be a digital wallet controlled by a quarter to hold issued HPI tokens that are not unlocked.

[0270] Impact Investor: A person or entity that can assist an applicant in meeting the minimum holding equity requirements to become a homeowner and / or in paying a portion of the closing costs related to the sale of the entire house. An impact investor can be a capital provider that can purchase asset tokens from a fund in an amount equal to or greater than the amount obtained by subtracting (i) from the MRE of the homeowner, (ii) the purchase price of the real property rights paid by the homeowner.

[0271] Minimum Retained Equity (MRE): Can be the minimum equity that a homeowner must retain based on the current underwriting criteria imposed by a quarter, which may be corrected from time to time. This can vary based on the value of the house occupied by the homeowner at a given moment in time and / or the homeowner profile and can be a dynamic number that can be used to manage default risk. The amount of the minimum retained equity can be determined by a proprietary algorithm that can use, as inputs at a given moment in time, the homeowner's credit score, back-end debt-to-income ratio, quarter risk pool composition, or property-specific data, or any combination thereof. The minimum retained equity can also be used to calculate the minimum purchase price that is required to be paid by them for the real property rights of the homeowner in the house.

[0272] Occupancy Token: It can be a token issued by the SPE to the property owner upon full execution of the real estate property consent that can prove the exclusive right of the property owner to occupy the house. Each house can have only one occupancy token. The occupancy token may or may not be put up for sale by either the fund or the SPE.

[0273] Original Asset Token Nominal Value: It can be the nominal value of the asset token at the time of issuance, expressed in non-convertible currency (USD). The original asset token nominal value can initially be US$1 or any other specified value.

[0274] Payment: It can be the amount paid by the property owner to the SPE, which can include (i) the base rent, (ii) the platform transaction fee payable to the quarter as the base rent servicing fee, which can be equal to a certain percentage (e.g., 1%) of the base rent, (iii) enhanced rent (e.g., only for impact investors), (iv) the housing warranty fee and / or other insurance premiums required to be paid by the property owner under the real estate property consent, (v) repayment of some or all of the fees or charges advanced by the quarter risk pool in accordance with the real estate property consent, (vi) the monthly ceiling of future real estate property sale fees, which can be held in the quarter real estate property fee fund, or (vii) if any, the escrow amount of possessions (as defined below), together with all outstanding overdue fees of (i) to (vii) above, or any combination of (i) to (vii).

[0275] Quarter Platform: It can be a virtual two-sided network and infrastructure developed by the quarter that can manage the interaction among all parties involved in the purchase, financing, management, or sale of residential real estate properties, or any combination thereof.

[0276] Quarter Platform Homeowner Dashboard: It can be accessible by homeowners, investors, or quarters, or any combination thereof, and can be a user interface that can be linked to the quarter platform.

[0277] Quarter Preference Agent Provider: It can be a real estate property agent and / or a broker with whom the quarter platform can negotiate contracts to provide housing listing and / or selling services.

[0278] Quarter Real Estate Property Fee Fund: It can be a reserve fund established by the quarter platform to pay future real estate property selling fees for homeowners. This can be funded monthly from the fees collected by the quarter as payments made by homeowners.

[0279] Real Estate Property Consent: It can be a consent signed by the homeowner and / or the SPE to record consent regarding the ownership and / or management of the house. The form of the real estate property consent can be provided to the applicant for review and signed at the closing of the purchase of the house.

[0280] Real Estate Property Interest: It can be the real estate property interest of the house, expressed in the form of a percentage.

[0281] Unlocked or Unlocking: It can be applied to HPI tokens (and in some embodiments, only to these), and can occur when both the "time lock" and / or "transfer lock" of a specific HPI token are removed. Such HPI tokens are released from the HPI token escrow pool to the investor's digital wallet by the fund. Overview of Exemplary Structure Chart 1 in FIG. 23 shows an exemplary structure of the platform. The parties to the structure can include the following.

[0282] 1. Fund or holding company: It can be an entity that issues both asset tokens and HPI tokens to raise capital from investors according to the offering.

[0283] 2. Investor: Tokens can be purchased according to the offering.

[0284] 3. Quarter: It can be an entity that owns the quarter platform and can be the fund's administrator (and in some embodiments, the general controller) that connects and / or manages all relationships and / or transactions among the parties to the quarter platform. The quarter can set up an SPE, manage the ongoing management functions of the SPE for the fund, and in return, the fund can issue HPI tokens.

[0285] 4. Quarter risk pool: It can be an entity that can partially or fully owned by the fund and can reach a real estate property consent with an SPE to capitalize the fund to correct the homeowner's default according to the real estate property consent. The asset tokens to be issued to the quarter risk pool consist of a predefined percentage (e.g., 1%) of the total asset tokens linked to each SPE (and thus each house) on the quarter platform.

[0286] 5. SPE: It can be a special purpose entity fully owned by the fund that can be set up to purchase the real estate property rights of a specific house. Both the homeowner and / or the SPE can own the divided and / or undivided real estate property rights of a specific house. The rights and / or obligations of the SPE and / or the homeowner can be documented via a real estate property consent.

[0287] 6. Residential Seller: An individual or entity that may sell a house that can be purchased by a residential owner and / or an SPE and / or boarded on a quarter platform. The residential seller may not have any partnership or ongoing relationship with any other party with respect to the quarter and / or the quarter platform after the closing of the sale of the house.

[0288] 7. Residential Owner and / or Residential Buyer: An individual who may be permitted to use the quarter platform, may initiate the acquisition or financing of a house, may purchase the real property rights of a house, or may become the holder of an occupancy token, or any combination thereof. Exemplary Transaction Structure 1. Issuance of Asset Tokens and HPI Tokens.

[0289] HPI Tokens may be issued to Asset Token Holders in connection with a solicitation when the Asset Tokens are issued, provided that a certain amount of HPI Tokens (e.g., 5% of the total HPI Tokens issued to investors by the fund) may be issued to the quarter in consideration of the quarter's management services, except when the holder pays the full purchase price of the Asset Tokens in accordance with the token purchase agreement. Asset Tokens and / or HPI Tokens may represent the economic rights of investors within the fund.

[0290] The fund can issue HPI tokens that may be included in the sale of asset tokens. The agreement between the SPE and the fund can lead to a situation where a house is boarded on a quota platform that can assign the right to appreciation to the fund, which can be realized upon the sale and / or exit of the house from the quota platform. The HPI tokens can be alternative tokens issued by the fund. The HPI tokens can be backed by a pool of equity generated by the appreciation of any house boarded on the quota platform. The HPI tokens can provide their holders with the right to receive the right to residential appreciation from all houses on the quota platform, and their value may not be linked to any specific SPE or house. The asset tokens can provide their holders with the right to receive some distributions from the fund, which can be linked to the SPE (and thus a specific house) designated by the manager, as well as / or proportional payments from the house owners, and / or the proceeds from the sale up to the original appraised value of the house at most when the house is boarded on the quota platform (however, it may not include the appreciation value assigned to the fund by the SPE and may be linked to the HPI tokens). When the fund issues HPI tokens to asset token holders and when the asset token holders transfer the HPI tokens, they may simply be transferring the right to residential appreciation. The amount of HPI tokens that a specific investor can receive and transfer upon unlocking the HPI tokens. Investors can receive different cash flows from their respective designated houses through the asset tokens linked to a specific SPE and may not participate in the distributions or cash flows from houses linked to other SPEs of the fund that may not be linked to their respective asset tokens, so they can be divided into several tiers from the perspective of cash flow distribution.Accordingly, the consent may include a different distribution waterfall schedule for each investor, which may be linked to each SPE and the asset tokens associated with such SPE, and a tax allocation provision for each investor. The quarter, as the fund manager, can create a smart contract to mediate and track such distributions to help ensure that the cash flows generated by the SPE are properly distributed to each investor.

[0291] Figure 24 shows an exemplary overview of the use of a quarter of a smart contract (the homeowner is reflected as the occupant in this figure).

[0292] As reflected in the figure, the following is an explanation of how smart contracts and blockchains can be used to board a house on a quarter platform.

[0293] (i) The SPE can be set up by the fund to purchase a house with the occupant. The fund can be the sole member of the SPE.

[0294] (ii) Ownership of the house can be permitted to both the occupant and the SPE via a certificate.

[0295] (iii) The smart contract can be created by the fund that can issue rights to distributions from specific houses owned by the asset tokens and / or the SPE. The asset tokens can be distributed to investors and also to the quarter risk pool.

[0296] (iv) The smart contract can be created between the homeowner and the SPE, whereby several provisions, including but not limited to payments, can be automated under the real estate property consent.

[0297] (v) A smart contract can be created by an SPE that can issue occupancy tokens to a housing owner. The occupancy tokens can prove the housing owner's right to occupy the house.

[0298] (vi) A smart contract that can include consent to assign the housing appreciation right to a fund can be created by the fund, and in return, the fund can issue HPI tokens that can be included in the sale of asset tokens. The HPI tokens can represent the housing appreciation right and can also be distributed to investors and / or to a quota and / or a quota risk pool.

[0299] (vii) All transactions can be recorded on the blockchain of the quota platform.

[0300] A digital wallet for investors can be maintained and / or adjusted according to applicable rules, and / or taxable income and / or losses can be appropriately allocated. Since each SPE can potentially have different investors, an investor can be paid different returns and / or cash flows through the fund. Therefore, the sales proceeds can be tracked on a per-SPE basis within a particular SPE according to the pro rata distribution of the investors within the fund while flowing through one entity, the fund. The fund can allocate asset tokens based on the total number of asset tokens to be issued and / or the total investment of that investor proportional to the total investment to be made by all investors. The fund can issue a predetermined amount of HPI tokens for each asset token.

[0301] For example, if the total investment required from an investor to purchase a house is $1,000,000, and the total number of asset tokens to be issued to the investor is 1,000,000 (since the price per asset token is $1), and if investor #1 (see Chart 1) wishes to invest $100,000, the number of asset tokens to be received by investor #1 could be 100,000, which is calculated as follows.

[0302] (1) Total number of asset tokens to be issued = Total investment ÷ Price per asset token = $1,000,000 ÷ $1 = 1,000,000 (2) Asset tokens allocated to investor #1 = Total investment of investor #1 ÷ Price per asset token = $100,000 ÷ $1 = 100,000 Therefore, a predetermined amount of HPI tokens will be issued to investor #1. Figure 25 (Chart 2) shows an exemplary structure of the issuance of HPI tokens and asset tokens. 2. Disbursement of Asset Tokens Asset tokens can be issued to an investor and / or credited to the investor's digital wallet when the investor pays the full purchase price of the asset token. The investor's purchase funds for the asset token can be located in a cash funding pool. This may be because at the time of purchase, the asset token may not be linked to any specific SPE (e.g., and thus a specific house), and thus the asset token and / or HPI token may need to be initially locked. Asset tokens can initially be subject to a "transfer lock" and / or a "time lock". Asset tokens can be subject to a "transfer lock". A "transfer lock" can be a temporary restriction that prevents the asset token from being transferred by the investor for one year after the date the asset token is credited to the investor's digital wallet. A "time lock" can be a temporary general restriction that prevents the asset token from being used for any purpose, including but not limited to receiving distributions from the fund, on the quarter platform. This time lock can delay the full release of the issued asset token, and until released from this time lock, the asset token may not be burned and / or transferred and / or used in other ways on the quarter platform. The asset token can be released from the "time lock" at the closing of the purchase of the house, at which time some amount of the asset token can be linked to the SPE and / or the specific house contained therein, and when all or part of the investor's asset token is linked to that specific SPE and that specific house, it can be released from the "time lock". Asset tokens released from the "time lock" can still be subject to a "transfer lock".

[0303] When a house is boarded onto the quarter platform, the SPE can be set up with the homeowner to purchase the house. When an investor's asset token is linked to a specific SPE, the quarter can release cash from the cash funding pool to the fund for the fund to provide funds to the SPE to purchase the TIC rights. In return, the investor's asset token (e.g., proportional to the amount invested in the house) can be colored to indicate the link to the specific SPE, and / or the "time lock" of the colored asset token can be removed after the closing of the purchase of the house. The number of asset tokens to be released from the "time lock" is based on the purchase price to be paid by the SPE for its TIC rights in the specific house and the investor's investment, and can be proportional to, for example, the total purchase price paid by the SPE, as well as the price per asset token after deducting the boarding fee.

[0304] For example, as shown in Chart 1, the total purchase price of House #1 is $120,000, the purchase price to be paid by SPE#1 is $100,000, and when the quota allocates $50,600 (including $600 as boarding fees ($120,000×1%÷2) and $50,000 for financing the purchase price to be paid by SPE#1) from each of the cash funding pool accounts of Investor #1 and Investor #2, the 50,000 ($50,000 / $1) asset tokens held by Investor #1 and Investor #2 respectively are colored to be linked to SPE#1. On the other hand, for the fund, $50,600 is released from the cash escrow account of Investor #1 with a cash funding pool, and $50,600 is released from the cash escrow account of Investor #2 with a cash funding pool. The fund pays $100,000 to SPE#1 for SPE#1 to purchase the real estate property right of SPE#1 in House #1 and pays $1,200 boarding fees to the quota. After the closing of the purchase of House #1, the 50,000 asset tokens of Investor #1 and Investor #2 are activated (released from the "time lock"), provided that 1% of such colored and activated asset tokens held by Investor #1 and Investor #2 respectively are provided, they will be repaid by the fund and transferred to the quota risk pool. As a result of the purchase, Investor #1 and Investor #2 have 49,500 colored and activated asset tokens in their respective digital wallets, and the quota risk pool receives 1,000 colored and activated asset tokens. Each of Investor #1, Investor #2, and the quota risk pool receives a distribution from the sales proceeds generated by House #1 in proportion to the amount of colored and activated asset tokens they hold.The smart contract of the quarter platform tracks the payments received from SPE#1 and distributes them to the cash account of the quarter risk pool and the respective cash escrow accounts of Investor#1 and Investor#2 with cash funding pools. The quarter risk pool advances payments and expenses to the SPE from its cash account (as described in the section entitled "Principal Contract Conditions of the Real Estate Property Consent"), and in consideration, the quarter risk pool has some amount of asset tokens issued by the fund to provide cash flow and capital for service advances. The quarter risk pool is for the benefit of investors who are not impact investors.

[0305] The section entitled "Overview of Asset Tokens" describes further details regarding the rights of investors related to asset tokens. 3. Disbursement of HPI Tokens.

[0306] Rather than paying HPI tokens directly to the digital wallets of investors and quoters, the fund can first pay HPI tokens into an HPI token escrow pool in escrow for the benefit of investors and quoters (see Chart 1). The HPI token escrow pool can act as an escrow account for the purpose of escrowing HPI tokens issued by the fund to investors and / or quoters. HPI tokens can initially be subject to a “transfer lock” and a “time lock” while they are located in the HPI token escrow pool. Since HPI tokens can be “restricted securities” as defined under the securities laws, a “transfer lock” can be imposed on HPI tokens to restrict their transfer for compliance purposes with a one-year holding period. Similar to the “time lock” added to asset tokens, the “time lock” added to HPI tokens can be a temporary general restriction that prevents HPI tokens from being used for any purpose on the quoter platform so that HPI tokens cannot be burned and / or transferred and / or have any right to receive a distribution from the fund. This “time lock” can delay the full release of the issued HPI tokens, and until released from this “time lock”, HPI tokens cannot be burned or transferred on the quoter platform and / or used in other ways. The HPI tokens issued to asset token holders can be unlocked and / or paid to the digital wallets of investors and / or quoters, and / or the number of HPI tokens unlocked for each asset token of a particular SPE can be based on the future appreciation of a particular house invested in by the SPE to which the asset token can be linked. Unlike asset tokens, HPI tokens can be fungible tokens and may not be linked to any particular SPE. Instead, the value of HPI tokens can depend on house appreciation rights. Exemplary Overview of Asset Tokens The holder of an asset token can have the following rights with respect to distributions.

[0307] A. Pro rata distribution of payments received by an investor's asset tokens from the SPE to which they are linked.

[0308] (a) The pro rata distribution for each investor can be based on the investor's indirect pro rata investment among such investors in a particular SPE, after taking a certain amount (e.g., 1%) of the total investment for the benefit of the quarterly risk pool according to the following formula.

[0309] Investor's pro rata distribution = ((Total colored and activated asset tokens of investors linked to the SPE / Total colored and activated asset tokens that can be linked to the SPE)) × (1 - 1%) For example, as shown on Chart 1, if an SPE requires $100,000 to purchase the real estate property rights of a house and thus requires 100,000 asset tokens ($1 per asset token). If Investor #1's contribution to SPE #1 is 50,000 asset tokens and Investor #2's contribution to SPE #1 is also 50,000 asset tokens after deducting boarding fees, and no other investors contribute asset tokens to SPE #1, the pro rata distribution for each of Investor #1 and Investor #2 is 49.5% [ (50,000 / 100,000) × (1 - 1%) ]. The pro rata distribution for the quarterly risk pool is 1%.

[0310] (b) Base rent payments and / or late fees on base rent payments made by the homeowner and received from the SPE can be, unless the late fees are distributed to the quarterly risk pool, where the payments that generate the late fees are advanced by the quarterly risk pool.

[0311] B. The holder of the asset token may have the right to receive the proceeds from the sale of the house owned by the SPE when the house is sold, up to the current appraised value of the house at the time the house is boarded onto the quarter platform (however, in some embodiments, it does not include the right to receive appreciation).

[0312] The holder of the asset token (other than the impact investor) may receive a non - interrupted base rent in accordance with the terms of the real estate property consent, provided that the assets held in the quarter risk pool are sufficient to address the default of the homeowner.

[0313] When the homeowner requests the SPE to purchase any real estate property rights owned by the homeowner and the SPE agrees to purchase such real estate property rights, the quarter platform shall notify (not only the holders of the asset tokens linked to the SPE but also) some or all of the investors of the pending transaction, notify them of the amount of asset tokens that may be included in the transaction, and provide them with a time period (e.g., 5 business days) to state whether they intend to purchase those asset tokens linked to the SPE that are the subject of the purchase and the amount of asset tokens they intend to purchase. At the end of such a time period, the quarter platform may determine, on a first - come - first - served and / or sequential basis, up to the total amount of asset tokens subject to purchase, which investors' requests should be satisfied. The quarter may then remove the "time lock" from such contributed asset tokens located in the digital wallets of the contributing investors and / or release the respective purchase amounts to the homeowner from each contributing investor account located in the cash funding pool.

[0314] When a homeowner requests that a SPE sell to the homeowner any real estate property rights owned by the SPE, and the SPE agrees to sell such real estate property rights, the quarter platform can notify all holders of asset tokens that can be linked to the SPE of the pending transaction and / or notify them of their proportional amount of holdings included in the transaction. An investor whose asset token is linked to the SPE may be obligated to sell their asset tokens in proportion to the existing proportion of the total asset tokens linked to the SPE. The asset tokens sold by the investor can then be redeemed and burned by the fund. Exemplary Overview of HPI Tokens The HPI token can represent a pool of equity generated by the increase in some or all of the houses bordering the quarter platform and / or can provide the holders of the quarter platform with the right to housing increases from some or all of the houses on the quarter platform. The amount of HPI tokens attributable to the holder of the asset token can be determined by the number of asset tokens purchased and the link to a specific house. It can be a predetermined amount of HPI tokens per asset token.

[0315] A quarter can establish a predetermined time period known as the HPI interval when it can update the current assessment of each house then existing on the quarter platform for the purpose of calculating the change in the current assessment of each house during that period (this HPI interval is initially set to be once a year). At the specified time at the end of each HPI interval, a housing price increase (HPA) and / or a housing price decrease (HPD) can be calculated. This calculation date can be called the "HPA / HPD determination date". The first HPA / HPD determination date may not occur before the removal of the "transfer lock" of the HPI token. The calculation can be the difference between (i) the current assessment of a specific house then existing on the quarter platform at the end of the current HPI interval and (ii) the current assessment of the specific house at the end of the immediately preceding HPI interval. If the difference is a positive number, this difference can be regarded as a housing price increase (HPA). If the difference is a negative number, this difference can be regarded as a housing price decrease (HPD). If the difference is 0, there may be no HPA or HPD. If a house was bordered on the quarter platform during the current and / or immediately preceding HPI interval and / or an occupancy token was transferred to a new housing owner during the current and / or immediately preceding HPI interval, the current assessment of such a specific house at the time of bordering or transfer ("reset current assessment") can be used for such a specific house instead of the current assessment of the previous HPI interval.

[0316] If the current appraisal of a particular house at the end of the current HPI interval exceeds (i) the current appraisal of such particular house at the end of any previous HPI interval during the period of ownership of the current asset token holder to whom the asset token is linked for such particular house, or (ii) the reset current appraisal, then this current appraisal may be regarded as the HPI high watermark for such particular house. If the current appraisal of a particular house at the end of the current HPI interval does not exceed the HPI high watermark for such particular house, the HPI token may not be unlocked for the current asset token holder to whom the asset token is linked for such particular house. (i) If the current appraisal of a particular house falls below the HPI high watermark as a result of one or more periods of decrease in the current appraisal of the particular house, and / or (ii) if the asset token linked to the SPE is transferred to a new investor, A. The high watermark may be removed.

[0317] B. The future right of the new asset token holder to unlock the HPI token may be based on the current appraisal of such particular house at the time of transfer to the new investor and / or at the end of the immediately preceding HPI interval prior to the transfer.

[0318] C. The original asset token nominal value may be exchanged for the current adjusted asset token nominal value of the transferred tokens, calculated as a proportional value of the asset tokens based on the lesser of (i) the current appraisal at the time of transfer and / or (ii) the current appraisal at the end of the immediately preceding HPI interval.

[0319] In the case of an increase in housing prices, if the current appraisal of a particular house at the end of the current HPI interval is greater than the high watermark, the HPI tokens held by the holder of the asset token linked to such a particular SPE for such a particular house may be unlocked based on the following exemplary formula (note that many variations of this formula may also be used. For example, in some embodiments, some variables may not be used and / or some variables may be added).

[0320]

Number

[0321]

Number

[0322]

Number

[0323]

Number

[0324]

Number

[0325]

Number

[0326]

Number

[0327]

Number

[0328]

Number

[0329] As shown in the above formula, the number of HPI tokens unlocked for each asset token of a particular SPE can be calculated as follows.

[0330] Step 1: (A) (i) The result obtained by subtracting the current appraisal (in USD) of a particular house at the end of the previous HPI interval (the "current appraisal of the previous HPI interval") from the current appraisal (in USD) of the particular house at the time of appraisal should then be divided by the current appraisal (in USD) of the particular house's previous HPI interval, or (ii) the result obtained by subtracting the (USD) HPI high watermark from the current appraisal (in USD) of the particular house at the time of appraisal should then be divided by the (USD) HPI high watermark, and the smaller of the two should be multiplied by the HPI realization rate (initially set at 90%).

[0331] Step 2: The result of Step 1 can then be multiplied by (a) the original asset token nominal value and / or (b) the current adjusted asset token nominal value.

[0332] Step 3: The result of Step 2 can then be divided by (D) the then-existing market price of the HPI token (the "HPI token market value").

[0333] If the result of Step 3 is negative, the HPI token may not be unlocked.

[0334] When a house that has risen sufficiently to cause the unlocking of HPI tokens for the holder of the asset token to which the house is linked is sold and leaves the quarter platform, the proceeds can be distributed in accordance with the real estate property consent rules.

[0335] If a residential property owner purchases from an SPE a portion of the real property interests owned by the SPE during or prior to any HPI interval, the closing date of such purchase may be used in lieu of the Scheduled HPI Determination Date, the number of HPI Tokens unlocked for each Asset Token of such SPE linked to the house is calculated, and may be released to the digital wallet of the Asset Token holder. The proceeds from the sale may be distributed in accordance with the Real Property Consent Rules.

[0336] If a residential property owner sells to an SPE a portion of the real property interests owned by the residential property owner during or prior to any HPI interval, the closing date of such sale may be used in lieu of the Scheduled HPI Determination Date and / or the number of HPI Tokens unlocked for each Asset Token of such SPE linked to the house is calculated and may be released to the digital wallet of the Asset Token holder.

[0337] If (i) the supply of HPI tokens issued to the asset token holder when the asset token is issued to the asset token holder is depleted, or (ii) the value of the total issued but locked HPI tokens falls below a predetermined amount and / or percentage of the total current valuation, additional locked HPI tokens may be issued by the fund to investors to replenish the supply of the amount as determined by the quota from time to time, which may be paid to the HPI token escrow pool in proportion to the amount of asset tokens they hold. In addition, an amount of HPI tokens equal to a predetermined amount and / or percentage of all issued HPI tokens may be issued by the fund to the quota, but such issued HPI tokens may be initially locked. In the case of rising housing prices, if the current valuation of a particular house at the end of the current HPI interval is greater than the high water mark, the HPI tokens issued to the quota in accordance with this paragraph may be unlocked in an amount calculated according to the following exemplary formula (note that many variations of this formula may also be used. For example, in some embodiments, some variables may not be used and / or some variables may be added).

[0338]

Number

[0339]

Number

[0340]

Number

[0341]

Number

[0342]

Number

[0343]

Number

[0344]

Number

[0345]

Number

[0346] As shown in the above formula, the number of HPI tokens unlocked for the benefit of a quarter for a particular SPE can be calculated as follows.

[0347] Step 1: Multiply (A)(i) the difference between the current appraisal (in USD) of a particular house at the time of appraisal and the current appraisal of the previous HPI interval, or (ii) the smaller of the difference between the current appraisal (in USD) of a particular house at the time of appraisal and the HPI high water mark, by (B) the real property interest of the particular SPE.

[0348] Step 2: The result of Step 1 can then be multiplied by (C) the amount of HPI tokens (i.e., 5%) for which the quarter has been granted the right to receive pursuant to this offering (the "quarterly pro rata HPI").

[0349] Step 3: The result of Step 2 can then be divided by (D) the market value of the HPI token. Exemplary Contract Terms of the Real Property Consent 1. Payment. In consideration of the rights of the homeowner to live in the house (via the occupancy token), the homeowner can make payments through the Quarter Platform Homeowner Dashboard. For example, the occupancy token may not have been put up for sale. At the time of sale of the house, the real estate property sale fee can be paid by the Quarter Real Estate Property Fee Fund up to the amount linked to the house located at the top of the Quarter Real Estate Property Fee Fund. As long as the amount linked to the house located at the Quarter Real Estate Property Fee Fund is insufficient to pay the real estate property sale fee, the homeowner can pay the shortfall at closing. If the amount linked to the house located at the Quarter Real Estate Property Fee Fund exceeds the actual real estate property sale fee, the excess can be paid to the Quarter. Payments received from the homeowner can be distributed as shown in Figure 26 (Chart 3), and the homeowner is shown as the occupant in Chart 3.

[0350] The Quarter Platform can determine whether escrow is required for real estate property taxes, insurance, and HOA fees (the "Property Escrow Account"). The determination of whether there is a Property Escrow Account can be based on an algorithm that uses various consumer and property data points as well as regional jurisdictional requirements and can be determined by the Quarter from time to time. Any escrow payments (the "Property Escrow Amount") can be paid by the homeowner as part of the payment and distributed to the Property Escrow Account maintained by a third-party escrow service provider. Unless included as an escrow amount in the payment, real estate property taxes, insurance premiums, and HOA fees (including penalties) can be paid directly by the homeowner to the appropriate taxing, insurance, or HOA authority / agent when due. Payments can be made in non-convertible currency (can be made in USD) 2. Right of Purchase and Right of Sale.

[0351] According to the following paragraphs, a homeowner may have the right to sell a portion of the real estate property rights held by the homeowner to an SPE. Some or all investors may have the right to purchase the homeowner's real estate property rights at a price determined through a predetermined formula proportional to the total asset tokens linked to the SPE. As a result of the sale, the homeowner may receive the proceeds from the sale, and the base rent paid by the homeowner may be increased according to a predetermined formula described below. The homeowner may also have the right to purchase a portion of the real estate property rights held by the SPE at a predetermined price, and / or the investors whose asset tokens are linked to the SPE may be obligated to sell their asset tokens in proportion to the existing ratio of the total asset tokens linked to the SPE. The homeowner's base rent may thereby be reduced, for example, by following the exemplary predetermined formula described below (note that many variations of this formula may also be used. For example, in some embodiments, some variables may not be used and / or some variables may be added). The homeowner may pay, if any, recording or transfer taxes on the sale of the real estate property rights or the house.

[0352] A homeowner may have the right to purchase and / or sell real estate property rights as follows.

[0353] (i) If there are no uncured defaults by the homeowner in accordance with the Real Property Consent, the homeowner shall have the right to purchase, at any time, any and all portions of the real property interests held by the SPE (the "Rights to be Purchased"). The purchase price to be paid by the homeowner shall be equal to, for example, (A)(i) if the transaction amount is less than or equal to a predetermined amount and the Rights to be Purchased are less than or equal to a predetermined amount and / or percentage of the total interests in the property, the current appraisal of such Rights to be Purchased as determined by the Quorum at the time of purchase, or (ii) if the transaction amount exceeds the predetermined amount or the Rights to be Purchased exceed a predetermined amount and / or percentage of the total interests in the property, the current enhanced appraisal of such Rights to be Purchased as determined by the Quorum at the time of purchase, plus (B) all transfer taxes, recording taxes, and other fees that become due as a result of the purchase of such real property interests, and any applicable Platform Transaction Fees.

[0354] (ii) If there are no uncured defaults by the homeowner in accordance with the Real Property Consent, the homeowner shall have the right to sell, up to the amount of the Excess Equity, a portion (but not all in some embodiments) of the real property interests (the "Rights to be Sold"). The purchase price to be paid by the homeowner shall be equal to, (A)(i) if the amount of the Excess Equity is less than or equal to a predetermined amount and the Rights to be Sold are less than or equal to a predetermined amount or percentage of the total real property interests in the property, the current appraisal of such Rights to be Sold as determined by the Quorum at the time of sale, or (ii) if the amount of the Excess Equity exceeds the predetermined amount or the Rights to be Sold exceed a predetermined amount or percentage of the total real property interests in the property, the current enhanced appraisal of such Rights to be Sold as determined by the Quorum at the time of sale, plus (B) all transfer taxes, recording taxes, and other fees that become due as a result of the sale of such real property interests, and any applicable Platform Transaction Fees.

[0355] (iii) If the homeowner purchases or sells an immovable property right, the quarter platform may, via amendment to the immovable property certificate, effect a change in each immovable property right held by the homeowner and the SPE in the house. (For example, to avoid frequent certificate records that may occur and / or for other reasons) An escrow institution may be used, whereby the certificates to be recorded to prove a change in each immovable property right held by the homeowner and / or the SPE in the house may be delivered to a third-party escrow agent held by the quarter. The homeowner, the SPE, and the escrow agent may enter into a tripartite escrow agreement such that the escrow agent can record the certificates then existing between the homeowner and the SPE at a time specified by the quarter (e.g., annually, quarterly, or otherwise). Prior to the next specified recording time, if there are further changes to each immovable property right held by the homeowner and the SPE, a new corrected certificate may replace the preceding certificate held by the escrow agent, and / or the preceding certificate may be destroyed such that the escrow agent can hold the most recent certificate to reflect the respective immovable property rights then current held by the homeowner and the SPE.

[0356] The homeowner may have the right to sell the house as a whole to a third-party purchaser as follows.

[0357] (i) The homeowner may give notice to the quarter of the homeowner's intention to sell the house through the quarter platform homeowner dashboard.

[0358] (ii) The homeowner may be prohibited from demanding to sell the house as a whole within a specified number of days of buying and selling the homeowner's immovable property right without first receiving waiver from the quarter.

[0359] (iii) The quarter platform can notify investors to whom the asset tokens are linked to the house of the intention of the homeowner to sell the house, and any further transactions of such asset tokens linked by the investor to the SPE may be prohibited unless waiver is obtained from the quarter.

[0360] (iv) Upon receiving the intention of the homeowner to sell, the quarter platform can query the house with a quarter preference agent provider that can recommend a listing price.

[0361] (1) If the suggested listing price is above the current appraisal of the house, the homeowner can list the house for sale on the quarter platform, or any other platform or website.

[0362] (2) If the suggested listing price is lower than the current appraisal, the quarter can conduct a current enhanced appraisal. Upon receiving the current enhanced appraisal, the listing price can be set to the greater of the suggested listing price or the current enhanced appraisal amount.

[0363] (3) The listing price that satisfies the above items (1) and (2) should be regarded as the "final listing price".

[0364] (v) The homeowner can reimburse the quarter platform for the costs incurred by the quarter platform regarding the sale of the house, including the fees incurred by the quarter platform regarding the determination of the current appraisal and the current enhanced appraisal.

[0365] (vi) The homeowner can use the listings and purchase contract addenda (collectively, the "real estate property documents") provided by the quarter platform.

[0366] (vii) When the homeowner receives an offer that is acceptable to the homeowner and is at or above a predetermined amount and / or percentage below the final listing price (the "listing price floor"), the sale can be considered approved, and the house can proceed to closing in accordance with the real estate property documents.

[0367] (viii) When the homeowner receives an offer that is acceptable to the homeowner but lower than the listing price floor, if the homeowner agrees to pay the difference between the listing price floor and the actual listing price to the SPE, the sale can be considered approved, and the house can proceed to closing in accordance with the real estate property documents.

[0368] (ix) If there is no offer or no acceptable offer to the homeowner within a predetermined amount of time after the quarter platform receives notice from the homeowner of the homeowner's intent to sell the house, the homeowner can have the right to request a commitment from the quarter to lower the final listing price or the listing price floor, if applicable, and this commitment can be made at the sole discretion of the quarter.

[0369] (x) If the house is sold to an existing user of the quarter platform and / or a third - party buyer who used the quarter platform to finance the acquisition of the house, the occupancy tokens held by the homeowner can be transferred to such third - party buyer, and the current payment can be recalculated based on the sale price of the house.

[0370] (xi) If the amount (including the fee credit) linked to a house located in the quarter real estate property fee fund is insufficient to pay the real estate property sale fee on the closing date of the sale of the house (the "sale closing"), such deficiency (the "RE fee deficiency") may be deducted from the settlement proceeds of the homeowner. The amount available in the quarter real estate property fee fund for a house may be calculated using (A) a credit against a predetermined amount and / or percentage of the total sale price (an evaluation at the time of boarding of possessions on the quarter platform of the house for each month that the homeowner holds the occupancy token thereof up to a maximum of a predetermined amount of time (e.g., 96 months) (the "fee credit"), and / or (B) the actual amount linked to the house located in the quarter real estate property fee fund. The capital for financing such fee credit comes from the quarter real estate property fee fund. If the amount (including the fee credit) linked to a house located in the quarter real estate property fee fund exceeds the actual real estate property sale fee to be paid at the sale closing, the excess may be paid to the quarter for use as a general fund without further obligation.

[0371] (xii) A homeowner may be charged an exit fee from a predetermined amount and / or percentage of the total sale price of the house (the "exit fee"), which may be paid to the quarter at the sale closing unless the homeowner uses the sale proceeds to purchase another house on the quarter platform, in which case the exit fee may be a predetermined amount and / or percentage of the total sale price of the house (the "reduced exit fee"), provided that some or all of the following conditions are met.

[0372] (1) To qualify for the reduced exit fee, the homeowner may sign a document to indicate their intention to use the quarter platform to purchase a new house prior to the closing of the sale of their existing house (the "closing").

[0373] (2) The homeowner can identify the replacement home within 90 days after closing and can close the purchase transaction of the new home through the quarter platform within 180 days after closing.

[0374] (3) The homeowner can pay the documentary tax or transfer tax for the sale of their existing home.

[0375] (xiii) If the home is sold to a third - party buyer who is not an existing user of the quarter platform or is an existing user of the quarter platform but did not finance the acquisition through the quarter platform, and as a result, the home leaves the quarter platform, the occupancy token held by the homeowner can be redeemed and burned by the SPE, and the real - estate property consent can automatically terminate on the closing date of such sale to such third - party buyer.

[0376] (xiv) The homeowner can make payments in non - convertible currency (USD).

[0377] (xv) The sale proceeds from the sale of the entire home can be distributed at closing as described below (the "distribution waterfall"). Note that the proceeds can be distributed in any other order.

[0378] (1) The sales proceeds can first be used to pay to the SPE in proportion to the SPE's real estate property rights (for illustration purposes, if the sales proceeds are $300,000 and the SPE's real estate property rights are 80%, $240,000 can be paid to the SPE). The SPE can then distribute the received sales proceeds to the fund, and the fund can then distribute the received sales proceeds (i) first, to the asset token holders other than the impact investors, (ii) second, to the HPI token holders, and (iii) third, to the impact investors, all in proportion to the amount of the active asset tokens and unlocked HPI tokens they have with respect to the house.

[0379] (2) The sales proceeds can next be used to pay any outstanding and unpaid amounts advanced by the quarterly risk pool.

[0380] (3) The sales proceeds can then be used to pay any outstanding and unpaid payments (other than payments to the quarterly risk pool).

[0381] (4) The sales proceeds can then be used to pay the exit fee or reduced exit fee when applicable.

[0382] (5) The sales proceeds can then be used to pay the shortfall in RE fees.

[0383] (6) The sales proceeds can then be used to pay to the quarterly platform for the costs incurred by the quarterly platform in connection with the sale of the house, including the fees incurred by the quarterly platform in connection with the determination of the current assessment and the current enhanced assessment when applicable.

[0384] (7) The sales proceeds may then be used to pay the recording and transfer taxes associated with the closing, the documentary stamp and other fees charged by the title company, and other seller charges shown on the closing settlement statement. However, as an exception, the homeowner has the right to use the balance of the property escrow amount held in the property escrow account to pay the seller's pro rata share of real estate property taxes and HOA assessments. After the homeowner's application of the property escrow amount linked to the house located in the property escrow account, the remaining balance of the escrow amount may be refunded to the homeowner.

[0385] (8) The remaining sales proceeds may be paid to the homeowner.

[0386] Notwithstanding the above, if the sales proceeds are insufficient to pay any of the above (1) - (7) charges (a "closing cost shortfall"), the homeowner may be responsible for paying the closing cost shortfall. If it is not financially possible for the homeowner to pay such a closing cost shortfall, the real estate property consent rules may apply. 3. Default.

[0387] A homeowner's default can include failure to make a payment, imposing a lien on the house, failure to repair and maintain the property in good condition, and / or other events described in the real estate property consent.

[0388] If a homeowner is found to be non - compliant for any reason, the cost may be added to the amount of the next scheduled payment to be distributed to the quarterly risk pool.

[0389] If the homeowner fails to make payments, platform transaction fees, and other fees imposed on the homeowner in accordance with the Real Estate Property Consent, the SPE may have the right to cause the quarter risk pool to advance the funds necessary to pay the amount of the default, but this is not an obligation, and such an advance by the quarter risk pool at the request of the homeowner can constitute a recourse loan to the homeowner. If there is not enough additional equity to fully reimburse the SPE for such an advance, a lien may be imposed on the entire minimum retained equity of the homeowner represented by the applicable rights held by the homeowner for the shortfall. Imposing a lien can trigger, for the SPE, eviction procedures, cancellation of occupancy tokens, sale of possessions, and cancellation of the Real Estate Property Consent as determined by it alone in the quarter. 4. Capital Improvements. Subject to the following and other conditions set forth in the Real Estate Property Consent, the homeowner may have the right to make capital improvements to the house.

[0390] A. The homeowner must notify the quarter platform of any plans to make capital improvements to the house a predetermined amount of time in advance.

[0391] B. The current enhanced appraisal may be directed by the quarter to determine the value of the house before and after the improvement to calculate the capital improvement value. The post-improvement appraisal may require an on-site inspection to confirm that the work has been completed. The homeowner may bear all costs for the appraisal and inspection. The capital improvement value may be calculated by subtracting the pre-improvement value from the post-improvement value. Upon the sale of the house, the homeowner may be granted the right to receive a credit equal to the capital improvement value. Impact investing on the quarter platform To facilitate home purchases by applicants who would not normally be eligible to purchase a home on the quarter platform and / or to reduce the default risk of homeowners where this default could result in the homeowner being evicted from the home, the quarter may use infrastructure that enables impact investors to utilize the quarter platform to assist those applicants and homeowners. The following is an explanation of the permitted assistance of exemplary impact investors. 1. The impact investor has the right to assist in financing the minimum holding equity and / or a portion of the closing costs by purchasing an asset token linked to the SPE (and thus a specific home) in an amount equal to the difference between the minimum holding equity and the purchase price to be paid by the applicant for the purchase of the home, provided that the applicant is able to pay a predetermined amount and / or percentage or more of the total purchase price for the purchase of the home from their own funds without the assistance of the impact investor. 2. The minimum credit score requirement imposed by the quarter platform may be waived to enable the impact investor to set their own minimum qualification criteria. 3. The asset tokens held by the impact investor may be granted the right to their pro rata share of the base rent paid by the homeowner + the right to enhanced rent. In the case of the sale of the entire home, the impact investor asset tokens may be granted the right to a pro rata share of the net proceeds, as further explained in the "Distribution Waterfall" provision in the section entitled "Principal Contractual Conditions of the Real Estate Property Consent". The section entitled "Overview of Asset Tokens" describes further details regarding the rights of the impact investor related to the asset tokens. 4. The following main contractual conditions may apply in the case of an investment consent by the impact investor.

[0392] (1) Impact investors can guarantee the performance of homeowners and, as secured creditors, can provide the asset tokens they own as collateral for the fund.

[0393] (2) In exchange for additional monthly supplementary payments by homeowners to purchase additional real estate property rights from the SPE, the SPE can repay a portion of the asset tokens held by the impact investor equal to the amount of real estate property rights purchased monthly from the SPE by the homeowner.

[0394] (3) Impact investors may not be granted the rights of HPI tokens.

[0395] (4) The non-convertible currency paid by the impact investor to purchase asset tokens can be held in the cash funding pool and / or released to the SPE upon acquisition of the house. Exemplary Requirements Exemplary requirements are discussed herein. All items listed herein are optional, and any requirements included herein may be deleted and additional requirements may be added to achieve various embodiments.

[0396] 1. Overview a. Landing page (e.g., to deploy marketing to convert leads into actions, measure results, and adjust campaigns) i. The ability to independently create and maintain separate landing pages for several user types, such as consumers and investors (e.g., residential investors, home angels), vendors, real estate agents, settlement agents, etc.

[0397] 1. It is possible to support the creation and deployment of n landing pages (where N > 1) for all user types, such that there can be both a marketing campaign to drive traffic to the landing page and an ongoing effort to test and improve the call to action messaging on the page.

[0398] ii. The ability to conduct A / B testing.

[0399] iii. The ability to track and report statistics on the source of traffic (e.g., for invoicing / paying the lead provider for unique clicks).

[0400] iv. The ability to identify and track unique users using typical web tracking techniques such as cookies.

[0401] b. Account registration (e.g., to enable consumers or investors or other types of users to register to use the quarter platform). i. It is possible to support many user types (consumers, investors, vendors, real estate agents, etc.).

[0402] 1. It is possible to add additional user types.

[0403] 2. It is possible to delete user types.

[0404] ii. Registration can be split into two pages.

[0405] 1. Page 1 can be (i) email, password, and / or (ii) third-party OAuth.

[0406] a. The user id can be different from the email address.

[0407] i. The user ID composition follows best practices.

[0408] b. The password composition can follow best practices.

[0409] i. Passwords can display weak, medium, and strong messages to users when they create them.

[0410] ii. Passwords that do not meet the minimum security requirements may not be accepted.

[0411] iii. Passwords can be entered twice when created or changed.

[0412] 2. The email address can be verified before proceeding (two - input match) 3. Names and other information can be collected iii. It can be two - factor authentication (e.g., physical authentication devices such as email and / or text and / or USB) iv. It can support typical self - help functions (user ID / password reset, etc.) v. It can support typical customer service functions such as live chat.

[0413] c. User account maintenance. (Job - users can maintain and update their quota account preferences and request support) i. It can be possible for users to edit their user profiles and preferences.

[0414] ii. It can be possible for users to request customer or technical support.

[0415] iii. It can be possible for users to close their accounts.

[0416] d. Consumer pre-application (determine whether the consumer is a good candidate for the quota before consuming resources on job-due diligence) i. Initial applicant data (users input through an online form used for prescreening) can be collected.

[0417] 1. The user can be enabled to input data for more than two applicants (e.g., husband and wife).

[0418] 2. The data can include self-reported income and credit data, the ability to make a down payment, information regarding home equity, zip code from home purchase, address for financing, etc., or any combination thereof.

[0419] ii. The applicant route can be split into financing or purchase based on the information supplied by the user.

[0420] 1. If the consumer is a purchase applicant, they can input the target price of home purchase they can reach by using a home price calculator or simply inputting the price.

[0421] 2. If the consumer's proposed transaction is for financing, data regarding the home they wish to finance can be collected.

[0422] a. This data can include the address, value, and their estimated equity that can be calculated by collecting their mortgage balance and subtracting it from the estimated value.

[0423] b. A value estimate can be provided by looking up on a third-party site (such as Zillow) using the address data.

[0424] i. The user can be enabled to edit any third - party evaluation provided.

[0425] iii. The MRE engine can be run using unverified consumer - supplied data as input (this can be an estimated MRE for use in making an initial go / no - go decision).

[0426] iv. An initial go / no - go decision can be made based on user self - reported data, including an initial determination of the need for down - payment assistance for purchase or home - owner assistance for refinancing.

[0427] 1. In the case of refinancing, the need for assistance can be appraised using the self - reported equity of their home and the MRE.

[0428] 2. In the case of purchase, the need for assistance can be appraised using the home value generated by a calculator or entered by the applicant.

[0429] 3. If the decision is no - go, they may not proceed.

[0430] a. If the decision is no - go, any required adverse decision notice can be generated, displayed to and / or sent to the applicant.

[0431] v. If necessary, it can be matched with a down - payment assistance program (purchase) or a home - owner assistance program (refinancing).

[0432] 1. Only self - reported data can be used.

[0433] 2. For the assistance program, a matching engine can be run that can use both the self - reported data described here and the verified data in a later application process.

[0434] 3. Matching can be performed when there is at least one support program for which an applicant is eligible based on user-reported data.

[0435] vi. A go / no-go decision can be made using the MRE calculation and down payment assistance determination (if applicable), and the decision can be notified to the applicant.

[0436] 1. If the decision is no-go, any required adverse decision notice can be generated and displayed / sent to the applicant.

[0437] 2. If the decision is go, it can be notified to the applicant that this is not a final approval, but rather a check to ensure that the quota can meet their needs based on their self-reported information.

[0438] vii. If the proposed transaction is a purchase, a calculator can be shown that indicates the payment and MRE and displays homes from the MLS that they may be able to afford using the self-reported data collected.

[0439] 1. The user can view and select / save, but the next step to proceed must direct them towards the application.

[0440] viii. If the proposed transaction is a refinance and the applicant does not require a support program, a calculator can be presented that displays the MRE, payment amount, and cash-out amount, all of which incorporate data looked up using their self-reported data and / or using a third-party data source using their property address.

[0441] 1. This calculator can show how the monthly mortgage payment changes as the cash-out amount moves higher and lower.

[0442] 2. It is also possible to display various scenarios such as ownership percentages based on the cash - out amount, equity positions associated with various future HPI increases or decreases, etc.

[0443] ix. It is possible to display "Next Step" or "Apply" messaging.

[0444] e. Consumer applications (e.g., collecting information from consumers to determine if they are eligible for a quota) i. It is possible to allow > 1 applicant to apply for the same transaction.

[0445] 1. It is possible to allow each to have a unique login and account.

[0446] a. It is possible to allow an applicant to invite other applicants to register for an account.

[0447] b. It is possible to allow the joint part of the application to be filled in by all joint applicants and hold the applicant until all parties are complete.

[0448] i. It is possible to allow status update / reminder messaging to all parties for joint applications.

[0449] ii. It is possible to collect the data required for fundraising approval and for conducting KYC / AML checks.

[0450] iii. It is possible to collect commitments for executing credit / verifying employment / conducting KYC / AML checks / verifying assets, etc.

[0451] iv. It is possible to collect application fees from applicants.

[0452] 1. Joint applications may use different fees.

[0453] 2. The same payment options enabled for rent, equity purchase, and other payments shall be available and must be incorporated into the same payment system.

[0454] v. The down payment or homeowner assistance application can be completed based on applicant data entry.

[0455] 1. It can be possible to display all assistance programs that the applicant appears to be eligible for and enable them to select which assistance programs to apply for.

[0456] 2. It can include a down payment or homeowner assistance application as necessary.

[0457] vi. It can be possible to enable document download / upload as necessary during the application process.

[0458] vii. A unique application can be tracked by the lead source for invoicing / payment to the lead provider.

[0459] 1. Reports can be made regarding applications started, abandoned, and completed by the lead source.

[0460] a. This can include collection of typical statistical values such as the time spent on the application, where they left off, how many times they came back, etc.

[0461] viii. An application-centered customer service function (chat, call, etc.) can be enabled.

[0462] f. Post-application form submission or preliminary approval (e.g., enabling the consumer to track the status of the application, communicate with the underwriting / assistant program, and supply additional information if requested) i. They can create some kind of application tracking dashboard that indicates where they are in the process, what remains incomplete, tasks on hold, etc.

[0463] 1. The same tracking can be included for the support program.

[0464] ii. They can enable messaging such that the applicant and the underwriter can communicate.

[0465] iii. They can enable messaging such that the applicant and the support program can communicate.

[0466] iv. They can enable the download / upload of additional documents as needed.

[0467] v. They can track and archive all communications made.

[0468] g. Underwriting (e.g., determining whether the applicant is eligible to use the quota) i. If the applicant requires a down payment or a homeownership assistance program, it can be verified based on the application data that there is a program for which they are eligible.

[0469] 1. If there is no available program, the applicant can be notified and the further underwriting process can be stopped. In other words, this is done initially based only on the completed but unverified application data.

[0470] a. It can be ensured that any adverse action notice is sent.

[0471] ii. A copy of the data file and the commitment document can be sent to the underwriting.

[0472] 1. It can initially pass through one vendor (Evolve), but the platform can support multiple vendors and can determine which vendor receives a given application.

[0473] 2. The API can securely transfer data.

[0474] iii. It can be received back with credit and revenue receipt information from acceptance.

[0475] 1. For example, via a secure API.

[0476] iv. Credit, revenue, and asset data can be streamed to the MRE engine to determine the MRE amount.

[0477] v. It can be determined whether an escrow account is required.

[0478] 1. An algorithm can be used to automate this decision.

[0479] a. A manual override can be enabled.

[0480] b. Homeowners and down payment assistance program providers can make a decision as to when they will be involved.

[0481] i. An option can be enabled for the assistance program to use a quota algorithm for their decision.

[0482] 1. This option can be selected when they set up their assistance program.

[0483] ii. If they do not use the quarter algorithm, they can either enter that data on a case-by-case basis or create parameters that can be automatically applied.

[0484] 1. The support program provider can be enabled to edit the parameters of each program they are running.

[0485] vi. The applicant can be notified of the go / no-go decision, the amount of the MRE, and, if applicable, the decision regarding the escrow account if the support program is not required.

[0486] 1. In the case of no-go, a notice of adverse action (if necessary) can be sent.

[0487] vii. For applicants who require a support program, the support program matching can be re-run using the verified data from the underwriting process to ensure that the applicant still matches at least one program.

[0488] viii. If the applicant is eligible for multiple support programs, the data regarding each of them can be presented to the consumer and they can be enabled to choose what they wish to apply for.

[0489] 1. If there have been no material changes to the program details since this step was previously done, it may not be necessary to present it to the applicant, but they can submit their application based on their previous selection while removing those for which they are no longer eligible.

[0490] ix. The applicant data can be passed on to the homeowner or down payment assistance program for underwriting (if applicable).

[0491] 1. For example, via a secure API.

[0492] x. The homeowner or the down payment assistance program can receive a go / no-go and notify the applicant of the decision.

[0493] xi. If more than two programs approve the applicant, it can be possible to present all the details of the approvals received and enable the applicant to select which one to accept.

[0494] 1. The final determination of the escrow account requirements can be made based on the selected assistance program.

[0495] a. As previously explained, this can be determined by the assistance program.

[0496] xii. If all programs reject, a notice of adverse action (if necessary) can be sent.

[0497] h. Post-approval - preliminary boarding (purchase only) (e.g., helps the consumer select the home to purchase) i. It can be possible for the purchase applicant to view homes on the MLS that they are sufficiently qualified to purchase. Note that this can also support non-MLS listed properties such as those owned by the quarter's builder partners or other homes entered by the applicant.

[0498] 1. It can be possible to collect property-specific data such as estimated taxes, HOA fees, etc. and provide them in calculator format for comparing homes to each other.

[0499] a. Third-party data sources (such as Zillow) can be used to collect or supplement data not provided by the MLS.

[0500] ii. It can be possible to enable the ability to select a home and add it to the shopping cart.

[0501] iii. The applicant can be enabled to directly connect with quarter, partner-supplied or consumer-sourced real estate agents in order for them to schedule the display of the homes they have put in the cart.

[0502] 1. The listings in the shopping cart can be made shareable / sendable to others (such as the applicant's family, real estate agents, etc.).

[0503] 2. How these communications are to be made (e.g., email, text, platform messaging) can be defined.

[0504] iv. Data regarding the homes thus selected can be stored for future reviews.

[0505] v. The home can be made removable from the cart.

[0506] i. Network Investor Pre-Application i. The pre-application can present messaging that it is the next step for network investors after a successful completion of the account registration process.

[0507] ii. A / B testing of different next-step messages can be enabled.

[0508] iii. It may be necessary (if enabled) for the lead source to track unique applications for invoicing / payment to the lead provider.

[0509] 1. It may be necessary for the lead source to report on applications initiated, abandoned, and completed.

[0510] iv. Initial data can be collected to determine whether a network investor is eligible to proceed with a full application.

[0511] It may be necessary to customize data collection based on jurisdictional requirements.

[0512] 1. This can mean different countries that have different security law requirements than the United States, and thus may require different data to evaluate investors according to the laws of those jurisdictions.

[0513] 2. The platform may need the ability to set up and maintain data collection requirements based on jurisdictional needs.

[0514] vi. Be able to make an initial go / no-go decision based on user-entered data (such as whether they are accredited, what jurisdiction they are in, etc.). 1. An algorithm / rule engine can be used for this based on jurisdictional requirements. (For example, a third-party compliance provider) 2. (If necessary) Send notifications of adverse actions. j. Network investor applications (e.g., collect information to be used to conduct due diligence to determine whether they are eligible to be quarter network investors from network investors). i. Be able to present messaging that the application is the next step for network investors after successfully passing the preliminary application screening.

[0515] ii. Be able to enable A / B testing for next-step messaging.

[0516] iii. (If any) Be able to collect application fees.

[0517] iv. Be able to collect sufficient network investor information to conduct KYC / AML / accreditation / other due diligence. 1. Apply the data initially collected in the preliminary application to determine which jurisdiction rules apply and thus what data needs to be collected, or collect the data in a specific order to enable the application to be created dynamically during the session, so that it can comply with the correct jurisdictional requirements based on user input.

[0518] v. It is possible to collect the commitments of network investors for purposes such as executing credit / verifying employment / performing KYC / AML checks / verifying assets.

[0519] vi. It is possible to enable document download / upload as needed during the application process.

[0520] vii. It is possible to enable application-centric customer service functions (chat, call, etc.).

[0521] k. Preliminary approval after application (for example, enabling network investor applicants to track the status of their applications, communicate with others (such as compliance vendors, quota representatives), and supply additional information if requested) i. It is possible to create some kind of application tracking dashboard that shows where they are in the process, what remains incomplete, tasks on hold, etc.

[0522] ii. It is possible to enable messaging to network investors.

[0523] iii. It is possible to enable download / upload of additional documents as needed.

[0524] iv. It is possible to track and archive all communications made.

[0525] l. Network Investor Diligence (e.g., determining whether an applicant is eligible to become a Quarter Network Investor) i. Information regarding Network Investor applicants can be shared with a third-party compliance vendor so that appropriate checks can be performed.

[0526] 1. For example, via a secure API.

[0527] ii. Data can be received back from the third-party compliance vendor.

[0528] 1. For example, via a secure API.

[0529] iii. A go / no-go decision can be made and the Network Investor can be notified.

[0530] a. (If necessary) A notice of adverse action can be sent.

[0531] m. Post-approval fundraising by Network Investors (e.g., collecting and deploying the capital of approved Network Investors) i. Approved Network Investors can be provided access to the PPM, subscription agreement, and other necessary documents to close and fund the investment.

[0532] 1. To the extent possible, documents can be auto-filled with previously captured data.

[0533] 2. Approved Network Investors can be enabled to enter / edit data in the documents as needed to complete them.

[0534] ii. Document execution can be enabled (if enabled, DocuSign; otherwise, download, wet-sign, and upload).

[0535] iii. When receiving the executed documents, it is possible to review the documents for completeness and accuracy and confirm the final approval of the investment.

[0536] iv. It is possible to set up a holding company escrow account for network investors.

[0537] v. It is possible to collect details of the financing accounts (banks and / or wallets).

[0538] 1. It is possible to support many types of payments, including newer versions such as stablecoins, cryptocurrency payments, etc.

[0539] vi. It is possible to enable network investors to transfer funds to the holding company escrow account.

[0540] vii. It is possible to mint asset tokens (509 Holdings) and transfer them to the holding company escrow wallet when the funding reaches the financing cash pool.

[0541] 1. These tokens can initially be blank and can be subject to both time locks and transfer locks.

[0542] 2. It is also possible to mint HPI tokens and transfer them to the wallet of the HPI token escrow pool.

[0543] a. HPI tokens can also be subject to both time locks and transfer locks.

[0544] b. Different tokens can be minted simultaneously or at different times.

[0545] n. Home Angel pre-application i. After successful completion of the account registration process, preliminary application messaging can be presented to impact investors as the next step.

[0546] ii. A / B testing of the next step messaging can be enabled.

[0547] iii. (If enabled) Unique applications can be tracked by the lead source for invoicing / payment to the lead provider.

[0548] 1. Reports can be generated by the lead source regarding applications started, abandoned, and completed.

[0549] iv. Initial data can be collected to determine whether impact investors are eligible to proceed with a full application.

[0550] v. Data collection can be customized based on jurisdictional requirements.

[0551] 1. Different countries may have different security law requirements than the United States and may therefore require different data to evaluate impact investors according to the laws of their jurisdiction.

[0552] 2. The platform can have the ability to set up and maintain data collection requirements based on jurisdictional needs.

[0553] vi. Initial go / no-go decisions can be made based on user-entered data (such as whether they are accredited, what jurisdiction they are in, etc.). 1. An algorithm / rule engine can be used for this purpose (e.g., a third-party compliance provider). 2. (If necessary) Notifications of adverse actions can be sent. o. Impact Investor Application (e.g., collect information to be used by impact investors to conduct due diligence to determine whether they are eligible to be quarter impact investors). i. After successfully passing the preliminary application screening, full applications can be presented as the next step for impact investors.

[0554] ii. A / B testing for the next step messaging can be enabled.

[0555] iii. Application fees can be collected (if any).

[0556] iv. Sufficient impact investor information can be collected to conduct KYC / AML / Accreditation / other due diligence. 1. Apply the data initially collected in the preliminary application to determine which jurisdiction rules apply and thus what data needs to be collected, or collect the data in a specific order to enable the application to be created dynamically during the session, so that it complies with the correct jurisdictional requirements based on user input.

[0557] v. Consents from impact investors can be collected for credit execution / employment verification / KYC / AML checks / asset verification, etc.

[0558] vi. Document downloads / uploads can be enabled as needed during the application process.

[0559] vii. Application-centric customer service functions (chat, call, etc.) can be enabled.

[0560] p. Impact Investor Diligence (e.g., determining whether an applicant is eligible to become a Quarter Impact Investor) i. Information can be shared with third-party compliance vendors so that diligence checks can be performed.

[0561] 1. For example, via a secure API.

[0562] ii. Data can be received back from third-party compliance vendors.

[0563] 1. For example, via a secure API.

[0564] iii. A go / no-go decision can be made and the Impact Investor can be notified.

[0565] 1. (If necessary) A notice of adverse action can be sent.

[0566] q. Post-Approval Fundraising by Impact Investors (e.g., collecting and deploying the capital of approved Impact Investors) i. Access can be provided to the PPM, subscription agreement, and other documents necessary to close the investment and raise funds for it.

[0567] 1. Whenever possible, the documents can be auto-filled with previously collected data.

[0568] 2. Impact Investors can be allowed to input / edit data as needed.

[0569] ii. Document execution can be enabled (if enabled, DocuSign; if not, download, wet-sign, and upload).

[0570] iii. It is possible to collect details of the financing account (bank and / or wallet).

[0571] iv. It is possible to enable the transfer of funding to the holding company escrow account.

[0572] v. Upon receipt of the executed documents, it is possible to review the documents for completeness and accuracy and confirm the final approval of the investment.

[0573] vi. It is possible to set up a holding company escrow account for impact investors.

[0574] vii. It is possible to collect details of the financing account (bank and / or wallet).

[0575] viii. It is possible to mint asset tokens and transfer those asset tokens to the holding company's escrow wallet when the funding reaches the financing cash pool.

[0576] 1. These tokens can initially be blank and can be subject to both a time lock and a transfer lock r. Manage the support program (e.g., impact investors set up the criteria for defining the support programs into which they will present and deploy capital) i. It is possible to enable impact investors to set up one or more unique down payment or homeowner support programs.

[0577] 1. It is possible to enable impact investors to define the attributes of each program they wish to present.

[0578] a. It is possible to enable impact investors to select a unique name for each program.

[0579] i. All names can be submitted to the quarter for approval.

[0580] b. It is possible to set the financial parameters of each program. (Comply with some contractual conditions set by the quarter)) i. It is possible to set the maximum and minimum amounts for investing in each consumer.

[0581] ii. It is possible to set the target investment return rate.

[0582] iii. It is possible to define the rules of the escrow account.

[0583] iv. It is possible to allocate the funding amount to each program from their total funding commitment.

[0584] v. It is possible to enable them to prioritize so that the funding $$ in their escrow account is allocated to the program designated as the highest priority.

[0585] c. It is possible to enable impact investors to define the demographics of the consumers they wish to assist in each program.

[0586] i. The selection can be made from a set of pre-established fields that the quarter will approve and maintain alone.

[0587] ii. It is possible to establish a review process to determine the legality and compliance of any program that impact investors wish to present.

[0588] d. It is possible for impact investors to define the characteristics of the assets (e.g., SFR vs. townhome, geographical location, etc.) for which they raise funds for each program.

[0589] i. The characteristics of the possessions can be selected from a set of pre-established fields that the quarter can approve and maintain.

[0590] 2. Impact investors can have the ability to add, edit, and delete these programs as they desire.

[0591] s. Collect consumer support application data (e.g., to collect the data required for an impact investor to accept a support application) i. To avoid redundant data entry, the information collected during the consumer application process can be flowed into the support application and the fields can be pre-filled.

[0592] ii. For each consumer, a dynamic application form can be created based on the specific support program they have matched.

[0593] iii. A superset of the data provided by the consumer can be filtered to the specific subset required for each unique support program application.

[0594] 1. For example, a single application flow can be created that collects a superset of information that enables the completion of all applications for all programs matched by the consumer.

[0595] t. Accept support applications (e.g., determine which support applications are approved or rejected) i. Human intervention can be enabled.

[0596] ii. The acceptance can occur within the online impact investor portal and the PII should not leave our servers.

[0597] 1. The shared applicant data can be pulled from a superset of the information collected during the assistance application process and then filtered into subsets required for each of the specific programs being underwritten.

[0598] iii. It is possible to have a workflow queue for pending applications to assist each impact investor in order to manage the application flow of impact investors (or to create a submission order for the auto - underwriting engine). This workflow and queue can include the following functions.

[0599] 1. There can be a time - based option to change the order based on TBD criteria (priority). 2. It can be filtered and sorted by program.

[0600] iv. It can approve / deny and notify the consumer.

[0601] 1. In the case of the down - payment assistance program, it can have the ability to conditionally approve based only on the data provided by the consumer (e.g., approved conditional on finding acceptable collateral).

[0602] a. Once the collateral is identified and passes due diligence, final approval can be issued.

[0603] 2. In the case of the homeowner assistance program, final approval can be issued immediately.

[0604] 3. In both cases of down - payment assistance rejection or homeowner assistance rejection, the applicant can be notified and a notice of adverse action can be issued (if necessary).

[0605] 4. It can track the balance of the impact investor's financing account and impose a block / hold on the amount of funds that have been approved or conditionally approved but not yet disbursed.

[0606] a. When the account balance hits certain levels, it can send preset warning messaging.

[0607] u. Possession approval (purchase) (e.g., identifying and approving a house that a consumer intends to purchase using a quota platform) i. Applicants can be enabled to invite their own real estate agents to create an account (where applicable).

[0608] 1. The system can generate invitations and emails.

[0609] ii. The applicant's real estate agent can be enabled to create a user account (where applicable).

[0610] 1. A real estate agent may be able to manage multiple clients on the system simultaneously through one account.

[0611] iii. Communication between the applicant and the real estate agent can be enabled.

[0612] iv. Consumers can be enabled to terminate their relationship with the real estate agent.

[0613] 1. The real estate agent can be removed from the transaction / communication. 2. In case of termination, feedback / comments from both the consumer and the real estate agent can be enabled.

[0614] v. Consumers can be enabled to add a new real estate agent.

[0615] vi. Initial data regarding the house can be collected from user input or other data sources (such as MLS data from houses in the shopping cart).

[0616] vii. Data can be used to analyze the dwelling for quarter compliance, make an initial go / no-go decision, and notify the applicant and, if applicable, the real estate agent.

[0617] 1. Note that these filters should be pre-executed on any MLS listing such that only dwellings meeting the quarter criteria are displayed.

[0618] viii. Access to the R / E contract documents (including addenda) can be provided to the applicant and, if applicable, the real estate agent and other approved users.

[0619] 1. Any data from the MLS or other data sources can be flowed into the contract documents. a. Purchased possessions not selected from the MLS listing can be looked up on third-party data sources (Zillow, CoreLogic, etc.) to verify that the information used in the contract documents is correct.

[0620] 2. User data entry can be enabled to populate / edit the purchase contract documents.

[0621] ix. Download of the generated purchase contract documents can be enabled. 1. This can be done by an approved user with access rights.

[0622] x. Approved users can be enabled to upload executed contracts with addenda and, in some cases, enable the seller to e-sign on our system.

[0623] xi. Executed contracts with addenda can be reviewed and approved.

[0624] 1. It can have a work queue for this purpose to notify the appropriate parties of the need for review and approval.

[0625] xii. The details of the contract can be entered into the quarter platform.

[0626] 1. A real estate agent, transaction coordinator, or another entity can do this.

[0627] xiii. It can direct title, inspection, appraisal, settlement, and other property due diligence and closing services.

[0628] xiv. It can enable the property due diligence vendor and closing service provider to create user accounts.

[0629] 1. It can enable the closing quarter real estate agent / transaction coordinator / other approved user to send an invitation to the vendor to create an account.

[0630] 2. The vendor can be quarter-approved.

[0631] 3. Each vendor can service multiple transactions from one account.

[0632] xv. It can enable the upload of due diligence documents 1. The following various parties may be permitted to do this.

[0633] a. The applicant b. The real estate agent c. The transaction coordinator d. The vendor e. The quarter system administrator xvi. Review the due diligence documents.

[0634] 1. It can have a workflow queue for managing this.

[0635] xvii. It can approve the possessions or notify the applicant / real estate agent of the shortage amount.

[0636] xviii. It can correct the shortage amount or reject the possessions.

[0637] 1. This can be the exception queue and workflow for this.

[0638] 2. Additional documents can be uploaded by the same party. 3. It can have a review and approval process. v. Possession approval (fund replenishment) (for example, to confirm the suitability of the consumer's existing residence for boarding on the quarter platform) i. Documents can be generated using the information entered on the quarter platform.

[0639] a. Obtain the consumer's consent for the due diligence to be carried out at the residence.

[0640] ii. It can instruct possession due diligence and closing services (title, inspection, appraisal, settlement, etc.).

[0641] iii. It can enable the possession due diligence vendor and closing service provider to create user accounts.

[0642] 1. It can enable the quarter transaction coordinator for closing to send an invitation to create an account.

[0643] 2. The vendor can be quarter-approved. 3. Each vendor can service multiple transactions from one account.

[0644] iv. It can enable the upload of due diligence documents 1. The following various parties may be permitted to do this.

[0645] a. Applicant b. Transaction coordinator c. Vendor d. Quota system administrator v. It can review due diligence documents 1. A workflow queue for managing this can be used.

[0646] vi. It can approve the belongings or notify the applicant of the shortage amount. vii. It can correct the shortage amount or reject the belongings.

[0647] 1. This can be the exception queue and workflow for this.

[0648] 2. Additional documents can be uploaded by the same parties as outlined in (1)(v)(iv)(1).

[0649] 3. The same review and approval process starting in (1)(v)(v) can be used and done again.

[0650] w. Closing the quota financing transaction (e.g., closing a real estate property transaction using financing from quota investors) i. It can create an SPE ii. It can notify the investor of the purchase of the house on hold.

[0651] 1. Calculate the funding needs and be able to message the following to network investors.

[0652] a. The amount of investment.

[0653] b. The expected closing date.

[0654] 2. Calculate the funding needs and be able to message the following to impact investors.

[0655] a. The amount of seed funding required.

[0656] b. The expected closing date.

[0657] iii. Be able to enable viewing of possession / applicant diligence data and documents (anonymized for network investors, no PII, more details for impact investors) iv. Be able to obtain approval from network investors for funding. v. Be able to generate closing documents and enable download / access for the closing service provider.

[0658] vi. Be able to enable the closing service provider to upload the closing documents.

[0659] vii. Be able to review and approve the closing documents.

[0660] viii. Be able to execute documents for the SPE (docu-sign if possible).

[0661] ix. Be able to fund the purchase from the holding company escrow account for the SPE.

[0662] x. The asset tokens can be colored and transferred to network investors, impact investors, and risk pools.

[0663] xi. The HPI tokens (509 Holdings) can be minted and transferred to the HPI token escrow pool wallet.

[0664] xii. The occupancy tokens (SPE) can be minted and transferred to the wallet xiii. The escrow account can be funded, and boarding fees and other fees, which are loans to the closing service provider, can be collected.

[0665] xiv. The final closing documents can be stored.

[0666] 1. The closing documents can be hashed, the hashing can be made on-chain, and the original images can be stored in the repository.

[0667] 2. It can be ensured that the post-documents are collected, hashed, and stored (such as copies of certificates, recorded securities).

[0668] 3. It is possible to have reminders generated by the system to follow up regularly until all post-documents are collected.

[0669] x. Servicing (e.g., collecting payments from consumers and monitoring their compliance with their TIC / lease consent terms) i. It can be made possible to set up occupant payments via an online app (mobile and desktop).

[0670] ii. Payments via ACH can be accepted, and in the case of debit or CC, an exchange fee can be added to the payment amount iii. Payments can be deposited into an F.B.O. account (verify with an accountant for actual bank account money flow).

[0671] iv. It can be made possible for payments to move from an F.B.O. account to various destination accounts / wallets v. All payments can be tracked in the accounting ledger / blockchain.

[0672] vi. It can be possible to monitor / watch the payment of taxes / insurance / hoa charges.

[0673] 1. A third - party service provider can be enabled to perform this service.

[0674] a. For example, via some type of integration / API.

[0675] vii. It can be possible to monitor compliance with TIC / lease agreements.

[0676] viii. Customer support issues including renovation requests, hazard insurance claims, income interruption requests, etc. can be managed.

[0677] ix. If any payment is overdue or the resident is out of compliance with the TIC / lease agreement, messages / notifications can be sent to them.

[0678] 1. Electronic mail / text / in - app notification / snail mail can be sent.

[0679] 2. Customizable content and notification workflows based on local legal requirements can be enabled.

[0680] x. If the resident fails to make payments in a timely manner, payments can be collected from the risk pool.

[0681] xi. By default, it can be sent for special servicing.

[0682] 1. Customizable triggers can be set for this.

[0683] xii. Funds can be advanced from the risk pool to pay the default cost.

[0684] xiii. The fractional transfer between the SPE supporting the down payment assistance program and the resident can be managed.

[0685] 1. It can be automated and can be done when each monthly payment is received by the resident.

[0686] 2. When the certificate is changed can be defined.

[0687] xiv. The fractional sale between the SPE and the resident can be managed.

[0688] 1. The MRE amount and the extra equity can be recalculated in real time and shown to the residents so that they know the possessions available for them to sell.

[0689] 2. For both purchase transactions and sale transactions, a calculator showing the impact on rent payments can be provided to the residents so that they can model various simulated fractional transactions.

[0690] xv. If the homeowner decides to sell the entire house, the sale process can be managed.

[0691] xvi. The default process can be managed as needed.

[0692] y. Customer support (e.g., providing technical support to quarter platform users) i. Tier 1 support can be self-help.

[0693] ii. A human provides second-tier technical support to users.

[0694] 1. Tickets (e.g., Zendesk) can be entered, tracked, and closed. 2. Entries can be logged into customer records.

[0695] z. HPI token management (e.g., tracking home price increases and managing HPI token distribution) i. The evaluations of all boarded homes can be updated regularly. 1. For example, via an API.

[0696] 2. Suspicious data (e.g., >n% change or not in sync with expected range) can be automatically scrubbed and identified.

[0697] 3. A review process for exceptions can be had.

[0698] 4. Have the ability to upload enhanced evaluations that override the AVM.

[0699] ii. Calculate HPI gains at HPI intervals and determine HPI token allocations.

[0700] iii. Remove transfer locks at HPI intervals and transfer HPI tokens to the asset token holder wallet.

[0701] iv. Track the number of HPI tokens in the HPI token escrow pool and, if necessary, mint additional tokens, lock them, and transfer them to the pool.

[0702] It is possible to repay and burn HPI tokens as necessary.

[0703] 1. It is possible to acquire and burn HPI tokens from the marketplace using the cash generated upon the sale of a house.

[0704] 2. When a house is sold and removed from the network, it is possible to burn the locked HPI tokens held by the HPI token escrow pool.

[0705] aa. Occupancy Token Management i. Occupancy tokens can be locked and remain in escrow and / or in a wallet. ii. Occupancy tokens can be repaid and burned if the house to which they are attached is sold and leaves the network.

[0706] iii. Occupancy tokens can be transferred to another occupant in the future.

[0707] 1. It is possible to support the transfer from occupant to occupant.

[0708] bb. Accounting i. It is possible to track all movements of cash and other payments on the platform.

[0709] ii. It is possible to track all setup and ongoing management costs for each SPE.

[0710] iii. It is possible to track all purchases and sales of houses between SPEs.

[0711] iv. It is possible to track all costs related to each SPE ownership of a house.

[0712] v. It is possible to track all TIC purchases by house owners.

[0713] vi. It can track all costs related to the ownership of each homeowner in a residence.

[0714] vii. It can track all capital improvements made to each residence.

[0715] viii. It can track the basis of the homeowner and SPE of each residence on the platform.

[0716] ix. It can track the increase or decrease of each residence.

[0717] x. It can track the depreciated value of each residence.

[0718] xi. It can track property taxes, insurance, and HOA payments for each residence.

[0719] xii. It can track any insurance claims and / or payments for each residence.

[0720] xiii. It can track the escrow account balance of each network investor.

[0721] xiv. It can track the escrow account balance of each impact investor.

[0722] xv. It can track the risk pool replacement funds for each residence.

[0723] xvi. It can track the repayment of the risk pool replacement funds for each residence.

[0724] xvii. It can track the real estate property fee account balance of each residence.

[0725] xviii. It can track the rental payments made by each homeowner xix. All non-rental payments made by each housing owner can be tracked.

[0726] xx. Any late fees or fines incurred for each housing owner can be tracked.

[0727] xxi. The issuance, repayment, purchase, and sale of all asset tokens and HPI tokens can be tracked.

[0728] xxii. HPI pool assets can be tracked.

[0729] xxiii. When a house leaves the network, all selling costs and expenses can be tracked.

[0730] xxiv. All real estate property-related items (decline, paid taxes, etc.) can be tracked.

[0731] xxv. Regular tax reporting documents and reports can be generated for all platform users, including occupants / network investors / impact investors / vendors, and quota entities.

[0732] xxvi. Entries can be made into the blockchain ledger for required transactions. xxvii. Transactions written to the blockchain can be searched / downloaded.

[0733] xxviii. CRM store contact information for all platform users, including consumers, investors, third-party vendors, real estate agents, etc., can be obtained.

[0734] xxix. Consumer and investor registration data can be collected by status, including leads, full and partial (abandoned) registrations.

[0735] xxx. It is possible to enable data collection / upload for generating a marketing lead list outside the platform user base.

[0736] xxxi. It is possible to store sufficient information to support a marketing campaign.

[0737] 2. Required Components a. In-house Technology i. Web applications that can be used 1. Application Portal (Resident) 2. Application Portal (Network Investor) 3. Application Portal (Impact Investor) 4. Down Payment Support Configuration Portal (Impact Investor) 5. Acceptance Portal (Vendor) 6. Acceptance Portal (Resident) 7. Acceptance Portal (Impact Investor when not automated) 8. Resident Dashboard 9. Network Investor Dashboard 10. Impact Investor Dashboard 11. Customer Service Dashboard 12. System Management Dashboard 13. Closing Coordinator Portal 14. Account Management (All User Types) ii. Mobile apps can be used for the following.

[0738] 1. Resident (TBD) 2. Network Investor (TBD) iii. Blockchain can be used 1. Token creation / tracking a. Asset Token b. HPI Token c. Occupancy Token 2. Transaction tracking (writing to ledger) 3. Reporting and / or integration to accounting systems and other quarter services iv. Secondary exchanges can be made 1. Venue for selling fractional rights of a house using asset tokens 2. All secondary transactions are recorded in the blockchain ledger v. Payment 1. Ability to receive inbound payments from network investors, impact investors, residents, and vendors (closing / settlement providers) 2. Ability to conduct outbound transfers (including internal transfers) 3. Ability to conduct payment transactions in non-convertible currencies and cryptocurrencies 4. Reporting and / or integration to the blockchain and / or accounting systems and other quarter services vi. Data and document storage 1. Ability to capture, store, retrieve, and output data in texts and images generated / uploaded by any user type 2. Ability to capture, store, retrieve, and output any data generated by any quarter service 3. Ability to hash all of the above b. Exemplary vendors and third-party solutions and services 1. Website tracking conversion tool (Optimizely) 2. Applicant diligence and underwriting (Evolve) 3. Investor diligence KYC / AML / etc. (Polymath) 4. AVM / valuation provider (Quantarium / Valligent) 5. Title insurance provider (FirstAm / ORT) 6. Real estate property form provider (NAR / Docmagic) 7. Closing / settlement services 8. Electronic Signature Provider (Docusign) 9. Online / Remote Notary 10. Blockchain Platform (Polymath / Etherum / Toko) 11. Token Exchange 12. Accounting Platform 13. MLS Data Provider (CoreLogic-Trestle) 14. Real Estate Property Data Provider (CoreLogic / Attom / Zillow / Drew) 15. Personal Property Tax and Insurance Escrow Services (CoreLogic / FirstAm) 16. Personal Property Tax, Insurance, and HOA Monitoring Services (CoreLogic / FirstAm) 17. Lien Monitoring Services (Corelogic / FirstAm) 18. Credit Report Provider Initial Pull (Evolve) and Ongoing 19. Payment Processing 20. Token Exchange 21. Special Services Provider (Statebridge) 22. Quarter Option Real Estate Agent Network Exemplary Computer System Various embodiments of the present disclosure are described with respect to the exemplary computer system of FIG. 5. Reading this description will make it apparent to those skilled in the art how to implement the present disclosure using other computer systems and / or computer architectures. The present disclosure may be implemented on a computer system or on a mobile application. Additionally, the present disclosure may be implemented with or without using a blockchain. Operations may be described as a continuous process, but some of the operations may in fact be performed in parallel, simultaneously, and / or in a distributed environment, and the program code may be stored locally or remotely for access by a single or multi-processor machine. Additionally, in some embodiments, the order of operations may be rearranged without departing from the spirit of the disclosed subject matter.

[0739] The processor device can be a dedicated or general-purpose processor device specifically configured to perform the functions discussed herein. The processor device can be connected to a communication infrastructure such as a bus, message queue, network, multi-core message passing system, etc. The network can be any network suitable for performing the functions disclosed herein and can include a local area network (LAN), wide area network (WAN), wireless network (e.g., WiFi (registered trademark)), mobile communication network, satellite network, Internet, fiber optic, coaxial cable, infrared, radio frequency (RF), or any combination thereof. Other suitable network types and configurations will be apparent to those skilled in the art. The computer system can also include a main memory (e.g., random access memory, read-only memory, etc.) and can also include secondary memory. The secondary memory can include a hard disk drive and a removable storage drive such as a floppy (registered trademark) disk drive, magnetic tape drive, optical disk drive, flash memory, etc.

[0740] A removable storage drive can read from and / or write to a removable storage unit in a well-known manner. The removable storage unit can include a removable storage medium that can be read by and written to by the removable storage drive. For example, if the removable storage drive is a floppy disk drive or a universal serial bus port, the removable storage unit can be a floppy disk or a portable flash drive, respectively. In one embodiment, the removable storage unit can be a non-transitory computer-readable recording medium.

[0741] In some embodiments, the secondary memory can include alternative means for enabling a computer program or other instructions to be loaded into the computer system, such as a removable storage unit and an interface. Examples of such means will be apparent to those skilled in the art and can include, for example, a program cartridge and cartridge interface (such as found in a video game system), a removable memory chip (such as an EEPROM (registered trademark), PROM, etc.) and associated socket, and other removable storage units and interfaces.

[0742] Data stored in a computer system (e.g., in main memory and / or secondary memory) can be stored on any suitable type of computer-readable medium, such as optical storage (e.g., compact disk, digital versatile disk, Blu-ray (registered trademark) disk, etc.) or magnetic tape storage (e.g., hard disk drive). The data can be structured in any suitable type of database configuration, such as a relational database, a structured query language (SQL) database, a distributed database, an object database, etc. Suitable configurations and storage types will be apparent to those skilled in the art.

[0743] A computer system may also include a communication interface. The communication interface may be configured to enable software and data to be transferred between the computer system and an external device. Exemplary communication interfaces may include a modem, a network interface (e.g., an Ethernet (registered trademark) card), a communication port, a PCMCIA slot and card, etc. The software and data transferred via the communication interface may be in the form of signals that can be, as will be apparent to those skilled in the art, electronic, electromagnetic, optical, or other signals. The signals can be configured to carry the signals and can travel through a communication path implemented using wires, cables, optical fibers, telephone lines, cellular phone links, radio frequency links, etc.

[0744] A computer system may further include a display interface. The display interface may be configured to enable data to be transferred between the computer system and an external display. Exemplary display interfaces may include a High-Definition Multimedia Interface (HDMI (registered trademark)), a Digital Visual Interface (DVI), a Video Graphics Array (VGA), etc. The display can be any suitable type of display for displaying data transmitted via the display interface of the computer system, including a cathode ray tube (CRT) display, a liquid crystal display (LCD), a light-emitting diode (LED) display, a capacitive touch display, a thin film transistor (TFT) display, etc.

[0745] Computer program media and computer-usable media can refer to memories such as main memory and secondary memory, which can be semiconductor memories (e.g., DRAM, etc.). These computer program products can be means for providing software to a computer system. A computer program (e.g., computer control logic) can be stored in main memory and / or secondary memory. A computer program can also be received via a communication interface. Such a computer program, when executed, can enable a computer system to implement the method as discussed herein. In particular, a computer program, when executed, can enable a processor device to implement the method as discussed herein. Thus, such a computer program can represent a controller of a computer system. When the present disclosure is implemented using software, the software can be stored in a computer program product and loaded into the computer system using a removable storage drive, an interface, and a hard disk drive, or a communication interface.

[0746] A processor device may comprise one or more modules or engines configured to perform the functions of a computer system. Each of the modules or engines may be implemented using hardware and, in some cases, may also utilize software such as program code stored in main memory or secondary memory and / or corresponding to a program. In such cases, the program code may be compiled by the processor device (e.g., by a compilation module or engine) prior to execution by the hardware of the computer system. For example, the program code may be source code written in a programming language that is converted to a lower-level language such as assembly language or machine code for execution by the processor device and / or any additional hardware components of the computer system. The compilation process may include lexical analysis, preprocessing, parsing, semantic analysis, syntax-directed transformation, code generation, code optimization, and the use of any other techniques that may be suitable for converting the program code to a lower-level language suitable for controlling the computer system to perform the functions disclosed herein. Such a process will result in a computer system that is a specially configured computer system uniquely programmed to perform the functions discussed above, which will be apparent to those skilled in the art.

[0747] Techniques consistent with the present disclosure provide, among other features, systems and methods for performing transactions via asset tokens and blockchain-based smart contracts. Conclusion Although various exemplary embodiments of the disclosed systems and methods have been described above, it should be understood that they are presented by way of example only and not limitation. It is not exhaustive and does not limit the present disclosure to the precise forms disclosed. Modifications and variations are possible in light of the above teachings or may be acquired from practice of the present disclosure without departing from the scope or breadth.

[0748] Although the present disclosure has been described in a number of specific details, those skilled in the art will recognize that the present disclosure can be embodied in other specific forms without departing from the spirit of the present disclosure. In addition, some of the figures show processes. The specific operations of these processes need not be performed in the exact order shown and described. The specific operations need not be performed as a continuous series of operations, and different specific operations may be performed in different embodiments. Thus, those skilled in the art will understand that the present invention should not be limited by the above exemplary details, but rather should be defined by the appended claims.

[0749] Although various embodiments have been described above, it should be understood that they are presented by way of example and not limitation. It will be apparent to those skilled in the art that various changes in form and detail can be made herein without departing from the spirit and scope. In fact, upon reading the above description, it will be apparent to those skilled in the art how to implement alternative embodiments. Accordingly, the present embodiment should not be limited by any of the embodiments described above.

[0750] In addition, it should be understood that any figures emphasizing functions and advantages are presented for illustrative purposes only. The disclosed methods and systems are each sufficiently flexible and configurable so that they can be utilized in ways other than those in which they are illustrated.

[0751] Furthermore, the purpose of any summary of the present disclosure is generally to enable the United States Patent and Trademark Office and the public, and in particular scientists, engineers, and practitioners in the technical field who are not familiar with patent or legal terms or grammar, to quickly determine from a cursory review the nature and essence of the technical disclosure of this application. The summary of the present disclosure is not intended to be limiting in any way with respect to the scope of the present invention.

[0752] The term "at least one" may often be used in this specification, the claims and the drawings, but terms such as "a", "an", "the", "said" also indicate "at least one" or "the at least one" in this specification, the claims and the drawings.

[0753] Furthermore, the terms "comprising", "including" or similar terms in this specification, the claims and the drawings are to be construed as meaning "including but not limited to".

[0754] Finally, it is the applicant's intention that only claims containing explicit language of "means for" or "step for" should be construed under 35 U.S.C. § 112, paragraph 6. Claims not containing the phrase "means for" or "step for" explicitly should not be construed under 35 U.S.C. § 112, paragraph 6.

Claims

Claim 1 A method comprising: sending, by a first computing device of a first computing system, a first network function request to a distributed network, wherein the first network function request includes first information; sending, by a second computing device of a second computing system, a second network function request to the distributed network, wherein the second network function request includes second information; A method comprising the above.

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