In order to implement the project and protect the rights of participants, a mutual fund will be established in the form of a trust in a jurisdiction with the most developed and progressive system of the Anglo-Saxon law (currently, HongKong, Switzerland are being considered).
The trust will be created by analogy with the Real Estate Investment Fund (REIT) in the United States, providing investors with a yield of up to 40% per annum.
The trust manager (management company) will receive compensation based on the financial results of the fund. Objects of commercial real estate will be acquired on behalf of the trust and only in the interests of participants (beneficiaries of the trust).
The right of participants to hold the assets of the trust in proportion to the share of participation will be specified in the Charter and legally bound by a mutually binding agreement, i.e.- the trust rules, published on the web-site and in the SqPay application acting as a "wallet" for accounting of tokens. Tokens will be legally equated to the shares of the trust by the Charter.
The application and database on the web-site will be organized on the basis of the BlockChain technology, allowing participants to reduce the costs for the services of the custodians and registrars, as participants themselves will act as guarantors of transactions on the sale of the fund's shares.
SqPay also plans to use and develop the BlockChain technology to verify the ownership of real estate in state authorities.