Terms of use

Who we are

This marketplace is operated by [FP to confirm: legal entity name], registered in [FP to confirm: jurisdiction] under number [FP to confirm: commercial registration number], with its registered address at [FP to confirm: registered address]. FP fractionaire is regulated by [FP to confirm: regulator] under licence [FP to confirm: licence number].

In these terms, “we” means [FP to confirm: legal entity name] and “you” means the person or business using the marketplace.

What the marketplace does

• It lists real-estate properties, each divided into a fixed number of fractions.
• It lets verified users buy fractions on INFRA Network and pay with reAED, USDT or USDC, depending on what this marketplace and each property accept.
• It records every holding as an ERC-1155 token (one token id per property) sent to the wallet you buy with.
• It shows your holdings, purchase value, transaction hashes and any yield distributions in your portfolio.

What a fraction is

A fraction token represents [FP to confirm: the legal right a fraction token gives its holder, for example a share in a property-holding company or an income right]. Holding the token does not give you the right to occupy or use the property.

Who can use it

Before your first purchase you must pass verification through our verification provider, Sumsub: KYC if you buy as an individual, KYB if you buy for a business. We may refuse, limit or suspend access where verification fails, where the law requires it, or where we suspect misuse. [FP to confirm: minimum age, eligible countries and investor categories]

Signing in

You can sign in with a crypto wallet through thirdweb or with Connect with reID. Accounts created with different sign-in methods are separate accounts. You are responsible for your wallet, your devices and anything done with them. With reID, you approve every purchase inside the reID app; we never hold your keys.

Buying fractions

• The price is read from the purchase contract when you start a purchase, and shown to you before you approve it.
• Paying with USDT or USDC takes two approvals: first an allowance for the purchase contract, then the purchase itself. They are never submitted at the same time.
• An approval request sent to reID expires after 15 minutes. If it expires, is declined or fails, the purchase does not go through and you can retry.
• A purchase is final once it is confirmed on INFRA Network. Blockchain transactions cannot be reversed.
• Network fees for each transaction are paid from your wallet.

Fees

[FP to confirm: platform fee schedule, including any fee taken by the purchase contract]

Yield

Any expected yield shown for a property is an estimate, not a promise. Distributions, when they are made, are recorded in your portfolio. [FP to confirm: how and when yield is distributed]

Selling or transferring

This marketplace does not offer a way to resell fractions. [FP to confirm: whether fraction tokens may be transferred, and any resale arrangements]

Your responsibilities

• Give accurate information during verification and keep your contact email current.
• Do not use the marketplace for money laundering, sanctions evasion or any other unlawful purpose.
• Do not interfere with the service, the smart contracts or other users.

Liability

[FP to confirm: limitation of liability wording]

Complaints

Send complaints to [FP to confirm: complaints email]. [FP to confirm: complaint handling timeline and escalation route]

Changes to these terms

We will tell you about material changes before they take effect. [FP to confirm: notice period for changes]

Governing law

These terms are governed by the laws of [FP to confirm: jurisdiction]. [FP to confirm: competent courts or arbitration]