Dividend Distribution Program Terms

Last Updated: December 16, 2024

These Dividend Distribution Program Terms (the “Terms”) govern the distribution of potential dividends to holders (“Participants” or “you”) of certain Non-Fungible Tokens (“NFTs”) issued under the partnership between the Autentic Platform (“Autentic”) and the Rent Tycoon project (“Rent Tycoon”). By participating in this dividend distribution program (“Program”), you acknowledge that you have read, understood, and agree to be bound by these Terms. If you do not agree, do not participate in the Program.

  1. Program Description and Purpose
    1.1 Purpose:
    The Program aims to encourage long-term participation by NFT holders in the Autentic ecosystem and to provide a transparent mechanism for distributing a portion of rental income derived from a designated real estate asset (an apartment in Mersin under a long-term lease).

1.2 Rental Property:
The object involved in this Program is an apartment located in Mersin, currently rented out under a long-term contract. Dividends are intended to be funded from the net rental income received from this apartment.

1.3 Not an Investment Contract:
The distribution of dividends under this Program is not an assurance or guarantee of profit. It is intended solely as a form of ecosystem participation incentive and depends entirely on the performance of the underlying rental property, market conditions, and other factors outside Autentic’s or Rent Tycoon’s direct control.

  1. Eligibility and Participation
    2.1 NFT Ownership:
    You must own the eligible NFTs as of the Snapshot date defined below to be considered for dividend distribution.

2.2 Platform Registration:
To receive dividends, you must be registered on the Autentic platform in accordance with all applicable Terms of Use and verification requirements. Unregistered NFT holders may continue to receive Airdrops (if applicable) but will not receive dividends.

  1. Dividends and Snapshot Mechanism
    3.1 Dividend Basis:
    Dividends are generally focused around an approximate 5% annual return relative to the value of the NFT. However, actual dividend amounts may vary and depend on the rental income, market conditions, and the success of the underlying property. No specific dividend yield is guaranteed.

3.2 Snapshot Date:
A Snapshot is taken on the 10th day of each month (the “Snapshot Date”). The Snapshot records the number of NFTs held by each Participant at that time.

3.3 Transfer of NFTs Before Snapshot:
If you sell, transfer, or otherwise dispose of your NFT(s) before the Snapshot, you will not be eligible for dividends for that month. The new owner, if any, must hold the NFT at the next Snapshot Date to be eligible for dividends thereafter.

  1. Dividend Payment Process
    4.1 Timing of Payments:
    Dividends, if any, will be distributed within five (5) business days after the Snapshot Date.

4.2 Form of Payment:
Dividends will be paid in the tokens specified by Autentic and/or Rent Tycoon for the Program. Payments will be proportional to the number of eligible NFTs held at the Snapshot Date.

4.3 Property Downtime:
If there are no tenants, or if other circumstances prevent receipt of rental income, no dividends will be accrued or paid for the affected period.

  1. No Guarantees and Limitation of Liability
    5.1 No Guarantee of Dividends:
    Receipt of dividends is not guaranteed and depends on:
  • The availability and amount of rental income;
  • The success and ongoing viability of the underlying property’s lease; and
  • Prevailing market, economic, and regulatory conditions.

5.2 Changes to the Program:
Autentic and Rent Tycoon reserve the right to modify, suspend, or terminate the Program at any time, without prior notice. Any such changes will be effective upon publication on official Autentic or Rent Tycoon communication channels. It is your responsibility to regularly review these Terms for updates.

5.3 No Liability:
Neither Autentic, Rent Tycoon, nor their affiliates, employees, or partners shall be liable for any losses, claims, or damages arising from:

  • Changes to the Program terms;
  • Failure to pay dividends due to lack of rental income or other factors; or
  • Any other reason related to the Program.
  1. Compliance with Laws
    You agree to comply with all applicable laws, regulations, and guidelines. Neither Autentic nor Rent Tycoon makes any representation that the Program is appropriate or available in all jurisdictions. You are solely responsible for determining whether participation is legal in your jurisdiction.
  2. Severability
    If any provision of these Terms is deemed invalid or unenforceable, the remaining provisions will remain in full force and effect.
  3. Entire Agreement
    These Terms, together with any referenced documents, constitute the entire agreement between you and Autentic (and by extension Rent Tycoon) regarding dividend distribution for NFT holders. They supersede all prior or contemporaneous agreements, understandings, or communications.

By participating in this Program, you confirm that you have read, understood, and agree to these Terms. If you do not agree, you should not hold the NFTs or participate in the Program.