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©2018, 2019 by Thrupny

Thrupny protocol innovations to improve returns on investment

October 7, 2018

At Thrupny we will be investing crypto in real estate and we believe in three things very deeply. Transparency, efficiency and rowing the crypto ecosystem are our mantras.

 

Transparency is an innate capability that blockchain technology can empower but the blockchain to human interface is where things can go wrong. Hence we are working on our transparency protocol, wich will enable investors to have more visibility at lower costs on the investment decisions being made for them. It will also allow voting based on the open data being exposed to investors concerning both investment performance and market benchmarks.

 

Efficiency in building management is a key to reducing costs of the real estate investment fund. Therefore we are working on a protocol to reduce costs such as energy and administration.

 

To expand the crypto ecosystem, we will set up a utility token to be used in our building management operations. This crypto token economy will set up a protocol while incentivizing activities such as payment of rent, which is one way we will achieve our third mission.

 

Transparency Protocol

 

Unique Total Transparency - Near Real Time Audit

 

One of the critical elements of an asset backed token is the join between the digital and physical world. The connection has to be trustworthy and transparent to enable the value of the token to follow the value of the underlying assets. Leaving aside that several tokens have proven to be not so strictly backed as announced. In order to assure this connection, Thrupny will have two key added specific programs dedicated to ensure transparency:

  1. Robust Governance - the Thrupny RE Fund will have a clear and robust governance that we will publish on the blockchain for avoidance of doubt

  2. Near Real Time Audit facility (NRTA) - Our transparency guarantee, based on the blockchain technology itself.

 

It is ironic that in the ecosystem of decentralised projects that some companies and crypto projects hide behind legacy processes to ensure they can manipulate their business model, Thrupny on the other hand, propose a completely transparent methodology as relates to the assets of the RE Fund. To do so we will use the transparent and permanent digital record properties of the blockchain to record our real estate transactions.

 

Uniquely, we will provide a permanently accessible Near Real Time Audit facility (NRTA). This will enable various levels of detailed access to the transaction details of the fund. The process will take a proof of stake style approach thus:

 

  • Investors into the Thrupny RE Fund will use the private keys of the wallets they used to invest to access their allowable level of data on the transactions

  • Public information will give prospective investors a high level view of the funds activities and the process by which they get access to more detailed information

  • In addition to the transparency offered by the blockchain, the NRTA will be completely automated and a secondary level of transparency will be guaranteed through an audit node that will be held by independent auditors, automatically paid by the fund so no potential for bias by the fund operating company can be possible.

 

The value of the token will be calculated as this equation demonstrates:

 

Value of 1 TREF in $ =  ((total audited $ value of real estate assets) + (total audited $ value of equivalent cash reserves)) / (number of existing TREF)

 

The actual value will fluctuate slightly in the market because of the following areas, all of which we will work to reduce change and instability on through our technology:

- We need to account for the possible future appreciation or depreciation of the underlying real estate assets

- We need to account for variance between the estimated value of real estate assets and the real sale price when an asset is actually converted into $ (to compensate for which we will go for a slight   overestimation of value of assets, which will be visible to investors)

- We need to discount the convertibility risk factor for the liquidity of assets

 

To ensure we have a stable and growing capital value of the token and that the revenue dividends distribute profits to token holders, we will be using several techniques to enhance the traditional REIT value calculation:

 

  • Open Valuation - this is another unique feature - The NTRA will give Near Real Time valuations and anytime visibility on the property transactions, giving any body the ability to value the fund - going forward this may be spun off as a Foundation to promote transparency

 

  • Price Management Through attention to detail on our integration to exchanges, tight management of assets, appropriate diversification, market making and revenues from sister tokens, Thrupny is focusing on ensuring a stable value for the token and profits for token holders.

  • Governance for Good we will not only be structuring and managing the fund for the good of investors but of the entire crypto ecosystem and to be an example of good governance in the spac

 
Auditors

 

We will have several type of auditors to keep us honest:

 

  1. NRTA Big Four Auditor
    One of the big four auditors has committed to accepting cryptocurrency for payment, in alignment with our mission to expand the ecosystem, we will be seeking a big four or equivalent auditor to hold a virtual node of our NRTA to carry out regular audits and issue reports.
     

  2. NRTA Investor Audit
    Each ICO investor will have access to the NRTA for varying levels of information. We will also offer that any investor taking up Thrupny post ICO, from exchanges or further offerings, will be granted access in a seamless way.
     

  3. NRTA Crowd Audit
    As the NRTA will be based on transactions published to the Ethereum blockchain, the public will have access to the top level of information we permit, this will help prospective investors in Thrupny to make decisions about level and timing of investment.

 

Smart Real Estate Efficiency Protocol

 

Increasing Efficiency

 

Over time we will apply more and more efficiency to the management of our investment through the deployment of blockchain based automation protocol for these areas:

    • Building management

    • Asset Management

    • Tenant Management

    • Energy Management

    • Government and Utility processes

    • Administration

 

All of these areas have existing technology stacks at various levels of deployment with Thrupny or our partners. We will join them together with a utility token to enhance and incentivise efficiencies. Benefits will include incentivising renants to consume less energy and pay their rents on time, two key cost elements in building management.

 

The Thrupny efficiency token will be built around a protocol that encapsulates efficiency for all aspects of real estate asset management. This will include voting and tenant rights aspects.

 

Ecosystem Protocol

 

To empower the Thrupny Real Estate Investment Fund to achieve better dividends for investors, we will be saving costs through multiple activities which leverage the low costs and high transparency of cryptocurrencies and blockchain. Two key examples will be:

 

Buying Real Estate with crypto

 

Our first partnership has been with Bitmeex.estate, a crypto real estate listing service, through which the Thrupny fund will buy some of its assets. This is an example of using crypto we receive through our token sale in our operations. Another will be using an auditor which will accept crypto. Further, we will give priority to service providers who will accept crypto or our blockchain based processes. These transactions will therefore we wrapped in a safe transaction protocol, which will include escrow and connectivity to official chains, such as that of the Dubai Land Department.

 

Utility Token Sales Outlets

 

While using a token for operations will increase efficiency in itself, we will also make a clear protocol and agreements with third parties to make our token valuable for tenants. In this way, tenants will have outlets for this tokens other than the building services and gain value from activities such as saving energy.

 

So by creating these three protocol, Thupny will gain efficiencies which will be translated directly into higher dividends for investors and will be expanded over time to other asset classes.

 

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To understand more about Thrupny, please do request our white paper on our Telegram https://t.me/thrupny or email us at growthteam@thrupny.com

 

For investment discussions, please contact Andrew Rippon on Telegram @awrippon or email andrew@thrupny.com

 

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