These aren’t “Gaia tokens.” You’re not buying a single platform coin. You’re buying into separate tokenized real-estate offerings, each one legally distinct, asset-backed, and structured by the GP behind it. In the beta, you can already see this: every offering shows a different ticker, different terms, different returns, just like picking different investments in a brokerage account.
This is why as a developer and sponsor I got so excited about this concept. I have always believed that this is how the projects would be sold. Meaning that if I wanted to create a legal entity that retained a percentage of the development under the LLC you would hold the balance under the token platform and identify it much like is done today in an LLC. This may also provide a path to insure token investors that the developer is creating a premium up front on their tokens.
Why these projects will no longer qualify under the IRC1031 tax codes, investors will no longer be required to be locked into a non-liquid ownership for 5 to 10 years and be required to come up with $100,000 or more. To say nothing of providing personal guarantees.
I also believe that the projects that Primior is planning to launch first will fill quickly given the international exposure.