Token Case Studies

Overview

Zetrix is a layer-1 public blockchain that facilitates smart contracts with transaction speed and fee costs that rival other famous blockchains such as Ethereum and Cardano. Zetrix's blockchain infrastructure can be introduced in multiple industries as it creates a more transparent, secure and efficient process for the adoption of all enterprises.

• ZETRIX token holders participate in the blockchain governance, influencing decisions about the platform’s future.
• ZETRIX tokens are used to reward miners and validators for maintaining the Zetrix network.
• ZTX tokens secure transactions on the Zetrix network by verifying their legitimacy and preventing 'double spending'.Double spending refers to the same unit of digital currency being used to make two or more separate transactions.
• ZETRIX tokens are also used to purchase NFTs via NFT Pangolin.

Price History

• Listed at $5.00 per token on Coinstore in October 2023
• All-time high price at $ 17.16 in March 2024 (CoinMarketCap, 2024)
• The price is $ 17.10 as of 12 March 2024 (CoinMarketCap, 2024)

Overview

Kenedix is a Japanese real estate company that has played a pioneering role in real estate securitization within Japan. Founded in 1995, it is one of the largest domestic real estate asset management firms in Japan. In 2023, Kenedix launched tokens backed by the ONSEN RYOKAN hotel in Sapporo City.

• The underlying assets supporting these tokens possess a value nearly double that of the funds being raised.
• The real estate asset is placed within a trust structure, with beneficiary certificates issued to represent ownership stakes in the assets.
• It is these certificates that have been tokenized on the Progmat blockchain platform as asset-backed tokens.
• Token holders also receive utility tokens that the holders can use to redeem souvenirs at the hotel, up to a value of ¥1,930 (US$ 14), encouraging token holders to visit and stay at the hotel.

Token Features

• Total fundraising amount is 3.4 billion yen ( US$ 25 million).
• The investment period is six years and nine months.
• The capitalization rate for this project is 3.7%

Overview

Enegra is a company that partners with mid-tier miners in Southeast Asia by contracting to purchase their production offtake to trade on global commodity markets. They provide comprehensive services including trading expertise, risk management, logistics, and governance. Registered in Labuan Malaysia, Enegra Group Ltd, the parent company of Enegra, has adopted tokenized shares, converting 100% of its shares (totalling 87 million) into tokens.

• These tokenized shares, ticker symbol EGX, utilize the T-REX security token standard and operate on the Polygon blockchain.
• A licensed Trust Company holds the underlying shares as a nominee, acting on behalf of EGX token holders.
• Investors must undergo KYC/AML checks and gain whitelist approval before purchasing EGX.
• EGX tokens, being digital securities, can be acquired through 24/7 digital asset exchanges, in contrast to the conventional stock markets that have limited operational hours.

Price History

• Listed at US$ 150.00 per tokenized share on BigONE in December 2021
• All-time high price at US$ 289.40 in March 2022 (CoinMarketCap, 2024)
• The price is US$ 200.90 as of 12 March 2024 (CoinMarketCap, 2024)

Overview

DBS Bank is a major Singaporean multinational banking and financial services corporation and is one of the largest banks by asset size in all of Asia. They provide a wide range of financial services, including consumer banking, wealth management and institutional banking. In 2021, DBS issued a digital bond on the DBS Digital Exchange (DDEx).

• DBS Bank launched the tokenized bond with the aim of enhancing capital-raising efficiency by leveraging blockchain technology. This helped push tokenization towards wider adoption in Singapore.
• The DBS Bank tokenized bond fully complies with the current Singaporean legal framework for bonds. This ensures investors receive the same level of legal certainty and protection of their rights as with traditional bonds.
• The minimum investment for the tokenized bond is SG$10,000, which is significantly lower compared to traditional bonds, allowing for higher investor participation in the bond market.
• Investors can easily sell their tokenized bond on the DBS Digital Exchange (DDEx) secondary exchange.

Token Features

• The price of the tokenized bond is SG$ 15 million.
• Coupon rate is 0.60% per annum.
• The tokenized bond has a six-month tenor.

Overview

PancakeSwap, a decentralized cryptocurrency exchange built on the Binance blockchain, empowers users to trade directly without relying on a central authority. This eliminates the need for intermediaries, often translating to lower fees and greater accessibility for anyone with an internet connection. CAKE, the native token of PancakeSwap, fuels the platform's operations and grants governance rights to its holders.

• CAKE tokens can be staked for a predetermined period. This functions similarly to depositing funds in a fixed-term bank account.
• A share of PancakeSwap's trading fees is distributed to participants based on the amount and duration of their stake. The higher the amount and commitment time, the greater the proportional allocation of fees received.
• Participants in the program are entitled to a 5% weekly allocation of the trading fee revenue generated by all PancakeSwap trading pairs in the lowest two fee tiers.
• Enrollment in the program grants automatic weekly distributions of earned rewards. Once participation is initiated, users passively receive their portion of the fees. Rewards are earned in CAKE.

Price History

• Listed at US$ 0.3497 per token on Binance in December 2020 (CoinLore, 2024)
• All-time high price at US$ 43.96 in April 2021 (CoinGecko, 2024)
• The price is US$ 4.58 as of 15 March 2024 (CoinGecko, 2024)