What Are Tokens

Tokens are digital assets on a blockchain. On OpenHouse, each property has its own token representing ownership shares.

Tokens vs Coins

Coins (like Bitcoin or Ether) are the native currency of a blockchain. They are used to pay transaction fees and secure the network.

Tokens are created on top of a blockchain using smart contracts. They can represent anything: currency, ownership, access rights, rewards.

USDC is a token representing dollars. Your OpenHouse property shares are tokens representing ownership in a property.

How Property Tokens Work

When a property is listed on OpenHouse, a set number of tokens is created. Each token represents an equal share of the property.

For example:

• Property value: $575,000

• Token price: $20

• Total tokens: 28,750

If you own 500 tokens, you own 500/28,750 = 1.74% of the property.

Your tokens entitle you to:

• A proportional share of rental income

• A proportional share of any property value changes

• The ability to sell your tokens through the liquidity pool

Token Standards

Most tokens follow the ERC-20 standard. This is a set of rules that tokens follow so they work with wallets, exchanges, and other applications.

ERC-20 tokens can be:

• Transferred between wallets

• Viewed in any compatible wallet

• Traded on exchanges or liquidity pools

• Tracked on blockchain explorers

OpenHouse property tokens are ERC-20 tokens with additional features like KYC requirements for transfers.

Your Tokens Are Yours

When you buy tokens on OpenHouse, they go to your wallet. You own them, not OpenHouse.

This is different from traditional investments where a broker holds assets "on your behalf." Your tokens exist on the blockchain, tied to your wallet. OpenHouse cannot take them from you or freeze them.

If OpenHouse disappeared tomorrow, your tokens would still exist on the blockchain. You would retain ownership, though you might need another platform to sell them.

Viewing Your Tokens

You can see your tokens:

• In the OpenHouse app under Wallet

• On Basescan by entering your wallet address

• In any Ethereum-compatible wallet that supports Base

The blockchain is the source of truth. If the blockchain says you own tokens, you own them.

Token Supply

Each property has a fixed token supply set when contracts are deployed. This supply cannot increase.

This matters because:

• No one can print more tokens and dilute your ownership

• Scarcity is guaranteed by code, not promises

• You can verify the total supply on the blockchain

Transferring Tokens

You can transfer tokens to another wallet, but the recipient must be KYC-verified. This is a legal requirement, not a technical limitation.

If you try to send tokens to someone who is not verified, the transaction will fail. The tokens stay in your wallet.