REXP

REXP is the utility and governance token of the REX Protocol. Holders of REXP have the right to participate in the governance of the REX Protocol and will also be entitled to benefits.

Governance: Holders of REXP will be able to and responsible for governing the REX Protocol. The governance process will start through informal discussion on any official REX Protocol platform, such as Discord, will then move into a formal discussion on the REX Protocol forum, and finally creating an official proposal to be voted on by the DAO. Each REXP token will be worth one vote for proposals which can include, but are not limited to:

• Accepting IRETs into the exchange after compliance approval

• Enabling KYC/AML procedures

• Geoblocking access from specific countries

• Exercising right of first refusal on IRET's property sale

• Make changes to the IRET operating agreements (such as adding new clauses to future agreements)

• Setting trade commissions (with restrictions)

• REIT/IRET exchange parameters

• Making new REIT-style tokens (such as geography or property type specific)

• Implementing new features

Benefits: Aside from giving one the right to govern and grow the REX Protocol, the REXP token also has utility and other benefits. REXP holders will enjoy rights to cash flow from trade commissions on the exchange as well as lower trading fees.

From the trading fees imposed by the exchange, 10% will be distributed amongst REXP token holders. In order to earn the cash flow distribution and encourage voting, the REXP token holder needs to have participated and voted in at least 50% of all proposals put forth by the REX Protocol DAO.

Additionally, REXP holders will be given a trading fee discount according to how many REXP tokens they hold:

• No fees for holders of 1,000,000+ REXP tokens

• 75% discount for holders of 500,000+ REXP tokens

• 50% discount for holders of 50,000+ REXP tokens

• 25% discount for holders of 10,000+ REXP tokens