07 · Smart Contract Architecture & The Two Token Types

ERC-721: Property NFTs

Each property listed on BTCglobal is tokenized using the ERC-721 standard on Base. Every NFT represents fractional co-ownership of a Wyoming DAO LLC holding title to a specific real-world property. Each NFT carries four ownership rights:

1. Right of Ownership — fractional interest in the real property, recorded as LLC membership

2. Right to Receive Pro-Rata Rewards — co-owner's share of net rental income from that specific property

3. Right to Govern — property-level DAO vote on capital expenditures, maintenance, property wallet deployment (1 wallet = 1 vote)

4. Right to Access Property Data — exclusive on-chain access to real-time property performance through the BTCglobal management module

ERC-20: $PROP Token

$PROP is deployed as an ERC-20 contract on Base. Total supply is fixed at 1,000,000,000 $PROP. There is no inflation, ever.

A Critical Distinction

	Property NFTs (ERC-721)	$PROP (ERC-20)
Supply	Unlimited — new collection per property	Fixed — 1,000,000,000 forever
Backing	Fractional co-ownership of a real property via Wyoming DAO LLC	Platform utility + ecosystem credits from 20% of net platform profits
Rewards	NFT holder rewards from that property's net revenue	Platform-wide ecosystem credits for active stakers
Scope	Property-specific — tied to one building	Ecosystem-wide — grows with every property added
Governance	Property-level DAO (1 wallet = 1 vote)	Platform participation

Regulatory Update — March 17, 2026

The SEC issued Release No. 33-11412 jointly with the CFTC, establishing a formal crypto asset taxonomy. The Digital Tool classification covers crypto assets performing practical functions — membership, title instrument, credential — and classifies them as non-securities.

BTCglobal's Property NFTs function as both a title instrument (conveying recorded LLC membership in real property) and a membership (conferring DAO governance rights, data access, and pro-rata net revenue rewards). $PROP performs practical utility functions. Both tokens align with the Digital Tool classification. The SEC-CFTC MOU (March 11, 2026) eliminates the risk of inter-agency contradiction.