AIA CORE public documentation

1. Philosophy

THE PROVENANCE OF REAL ASSETS

AIA CORE is not built as a speculative crypto product or a Web3 casino around land. The project should be understood as infrastructure for provenance, verification, recording, and execution of rights linked to real-world assets.

Documentary, legal, and operational logic must take priority over marketing pressure. Public communication should be strict, institutional, cold, and verifiable.

2. Current Product Scope

Current AIA CORE product:

Georgian land-linked ERC-721 Redemption Certificates.

Digital certificates/vouchers linked to specific cadastral land parcels in Georgia, giving the holder the right to request a redemption procedure, subject to platform terms, compliance requirements, and applicable law.

The current product must not be conflated with future platform directions.

3. Current SPV Model

A single Georgian company / SPV holds a pool of land parcels.

The underlying land is held by a Georgian SPV. Each certificate is linked to a specific cadastral parcel and represents a contractual redemption right against the platform structure, not an equity interest in the SPV or a pooled claim against all SPV assets.

Земля находится на балансе грузинской SPV. Каждый сертификат связан с конкретным кадастровым участком и представляет договорное право требования redemption по отношению к структуре платформы, а не долю в SPV и не коллективное требование ко всему пулу активов.

4. What the NFT Holder Receives

Acquiring a Redemption Certificate does not automatically make the holder the registered landowner in Georgia's Public Registry.

The holder receives:

• A digital ERC-721 certificate
• A link to a specific cadastral parcel
• A contractual right to request redemption
• The right to undergo the established KYC/AML and legal eligibility review process
• The right to demand performance under platform rules, transaction documents, and applicable Georgian law
• The ability to transfer the certificate on-chain, where not restricted by platform terms and applicable law

The NFT holder does not automatically become the registered landowner in Georgia's Public Registry upon acquiring the certificate. The holder owns a parcel-linked Redemption Certificate representing a contractual right to request redemption against the SPV/operator under the platform terms, compliance requirements, and applicable Georgian law.

Держатель NFT не становится автоматически собственником земли в государственном реестре Грузии. Он владеет цифровым сертификатом, связанным с конкретным кадастровым участком, который даёт право запросить redemption — то есть переоформление титула или иной предусмотренный условиями способ исполнения — при соблюдении правил платформы, compliance-требований и применимого права Грузии.

5. What the NFT / Redemption Certificate Is

In the AIA CORE model, the NFT is described not as "land on the blockchain" but as:

• Redemption Certificate
• parcel-linked digital certificate
• voucher
• right-to-request-redemption instrument
• digital record evidencing entitlement under platform terms

Canonical definition

The NFT is an ERC-721 Redemption Certificate linked to a specific cadastral parcel. It evidences the holder's contractual right to request redemption and title-transfer execution subject to KYC/AML, sanctions screening, legal eligibility review, registry requirements, transaction documents, and applicable law.

NFT является ERC-721 Redemption Certificate, связанным с конкретным кадастровым участком. Он подтверждает договорное право держателя запросить redemption и исполнение процедуры передачи титула при условии прохождения KYC/AML, санкционного скрининга, проверки юридической допустимости, требований реестра, документов сделки и применимого права.

6. What the NFT Is Not

Securities caution

We do not publicly state: "This token is not a security."

Safer wording:

The certificate is designed as a utility-style redemption instrument and does not represent equity, debt, profit participation, or an ownership interest in the SPV. Legal classification may vary by jurisdiction and remains subject to counsel review.

7. Parcel-Specific Entitlement

One approved parcel may be linked to one ERC-721 Redemption Certificate.

We do not say "land turns into an NFT." The correct logic:

• A physical land parcel exists
• The parcel has a cadastral identifier
• The SPV holds title
• AIA CORE issues a certificate linked to the specific parcel
• The certificate records the redemption right
• The on-chain record is a digital layer for recording and transfer

Anti-pooling rule

To reduce the risk of qualification as a pooled investment:

• The holder does not receive a share in the entire SPV pool
• The holder does not receive a right to SPV profit
• The holder does not receive dividends
• The holder does not participate in a general revenue pool
• The certificate must be linked to a specific parcel/cadastre
• Communication must not promise profit from AIA CORE's efforts

The certificate is designed as a parcel-specific redemption instrument, not a pooled investment interest in the SPV or its balance sheet.

8. Purchase / Allocation Flow

Basic user path:

1. 01
   Review — study public materials, market page, Data Room index, risks, structure
2. 02
   Request access — request access to gated materials
3. 03
   Diligence — AIA CORE provides parcel, structure, fee, escrow, and risk disclosure documents
4. 04
   Allocation / purchase — decide to purchase the certificate
5. 05
   Certificate issuance — the ERC-721 Redemption Certificate is issued/transferred to the holder
6. 06
   Holding / transfer — the holder may hold or transfer the certificate on-chain, subject to platform rules
7. 07
   Redemption request — the holder initiates redemption
8. 08
   KYC/AML + legal eligibility — mandatory check before off-chain execution
9. 09
   Execution — title transfer or an alternative lawful mechanism, if applicable

8.2 Purchase Window & Non-Exclusivity Risk

Most land parcels in the AIA CORE portfolio are not exclusive assets. The platform acquires land on the open Georgian market after the buyer's payment is confirmed.

Parcel Unavailability Scenario

If, within the 72-hour window, the parcel becomes unavailable (sold to a third party, withdrawn from sale, legal obstacles to acquisition arise):

• The platform notifies the buyer immediately
• Funds are refunded in full
• The only deduction is the network fee (gas fee) for the blockchain transaction
• The certificate is not issued
• No platform fees are retained

Most parcels listed on AIA CORE are sourced from the open Georgian land market and are not exclusively reserved. Upon payment confirmation, the platform initiates acquisition within a 72-hour window. If the parcel becomes unavailable during this period, a full refund is issued minus applicable network transaction fees. No platform fee is charged on unsuccessful acquisitions.

Exclusive Parcels

For parcels with Exclusive status (separately marked on the card), the 72-hour purchase window does not apply — the parcel is reserved for the platform until sold.

9.4 Secondary Market — Public-Facing Summary

When a Redemption Certificate moves to the secondary market (P2P transactions within the platform), the land parcel's card permanently retains a fixed URL and cadastral data for transparency and provenance. The card is removed from the primary sales pool, hides the fixed Entry Price, and activates a Last Sold Price indicator, and opens a Make an Offer function for verified users.

De-peg protection: In the event of a systemic USDC de-peg below $0.98 lasting more than 24 hours, the platform has the right to freeze marketplace activity and suspend off-chain legal recognition of on-chain transactions executed during the de-peg period, in order to protect the underlying physical assets. The price source is the Chainlink USDC/USD price feed.

Escrow inheritance: On an on-chain change of NFT ownership on the secondary market, the unused balance of the security deposit (24-Month Technical & Tax Escrow) is not refunded to the first buyer but remains on the Master SPV balance sheet and is attributed to the new holder, who inherits the remaining paid holding period.

Data Room & Privacy Toggle: By default, a secondary-market card has "Public Diligence" status, disclosing the cadastral number, soil analysis results, climate maps, and geodetic extracts. The holder may switch privacy to "Gated" mode, hiding sensitive documents; a third-party buyer must then click "Request Access" and pass owner verification.

Two-tier Royalty / Assignment Fee model:

The Off-Chain Contract Assignment & Registry Synchronization Fee is 5% of the combined official platform valuation of all certificates included in an off-platform transfer involving a change of beneficial owner, subject to a minimum fee of 500 USDC and no maximum cap.

The minimum applies to the complete processed transfer operation, not automatically to each certificate. The fee is contractual and may cover assignment processing, compliance and beneficial-owner verification, platform registry synchronization, and administrative and infrastructure processing.

Off-platform transfer is not technically blocked. However, a new holder who received the token outside the platform flow is shown with "Pending — Unverified Transfer" status until the fee is paid and off-chain assignment verification is complete. Until then: redemption is unavailable, the token cannot be listed on the platform, and the holder's status is considered unconfirmed.

Wallet Migration — Dual Connect Protocol: A holder may change wallets without paying the Assignment Fee by connecting both the source and destination wallets simultaneously, signing confirmation from both, and confirming via click-wrap that the migration is purely technical and no change of beneficial ownership occurred. Fee: 0%.

10. Redemption

Redemption is the procedure for exercising the right under the certificate.

1. 01
   Holder initiates redemption
2. 02
   The certificate is mandatorily locked during the review and off-chain execution period
3. 03
   Holder completes KYC/AML
4. 04
   Sanctions screening is conducted
5. 05
   Holder's legal eligibility is reviewed
6. 06
   Applicability of the chosen execution mechanism to the specific parcel is checked
7. 07
   Final execution takes place in Georgia by the holder or their legally authorized representative
8. 08
   If direct title re-registration is permissible, title transfer proceeds through Georgian legal/registry infrastructure
9. 09
   After execution, the certificate may be burned/closed
10. 10
    If execution is not possible, refusal, delay, unlock, or an alternative lawful mechanism applies, if provided for and permissible

Physical Execution

Final title transfer requires physical execution in Georgia by the holder or their legally authorized representative.

Финальное переоформление титула требует физического исполнения в Грузии самим держателем или его юридически уполномоченным представителем.

This may practically involve: personal presence of the holder in Georgia; House of Justice / NAPR; an authorized Georgian notary; passport documents; corporate documents if the holder is a legal entity; a notarized power of attorney; apostille/legalization; certified translation into Georgian; registration fees.

11. Redemption Expenses

All variable third-party costs of redemption and title transfer are borne by the holder: government fees; NAPR/registry fees; notary services; certified translations; apostille/legalization; local legal counsel; KYC/AML provider fee if billed separately; travel and lodging; power-of-attorney representative costs; costs of a corporate execution mechanism if applicable.

AIA CORE provides: redemption readiness, process coordination, document readiness, platform infrastructure, procedure support, and basic structural preparation.

The holder bears all variable third-party and government costs related to redemption and title transfer. AIA CORE provides coordination, document readiness, platform infrastructure, and redemption process support, but does not subsidize registry, notary, translation, travel, legal, or KYC provider costs unless expressly stated in transaction documents.

15. Pricing Model

AIA CORE uses a transparent Turnkey Price model.

Platform Fee

The platform fee equals 5% of the base parcel valuation.

AIA CORE charges a disclosed 5% platform fee on top of the parcel valuation. The fee covers sourcing, document review, transaction coordination, platform operations, and redemption-readiness infrastructure.

15.1 Secondary Market Royalty Fee

AIA CORE's fixed secondary-market infrastructure fee (P2P transactions between users within the platform) is set at 2.5% of the accepted offer amount, implemented via the ERC-2981 standard. This rate is designed to maximize P2P liquidity. The fee is automatically deducted by the smart contract at the moment the offer is executed, to the platform wallet, covering the SPV's operational costs for updating the beneficiary registry.

The full two-tier transfer fee model:

• 2.5% royalty for marketplace transactions
• 5%, minimum 500 USDC, no maximum cap Off-Chain Contract Assignment & Registry Synchronization Fee for off-platform transfers involving a beneficial-owner change
• 0% under the verified Dual Connect Protocol where no beneficial-owner change occurs

Off-platform fee = MAX(500 USDC, 5% × combined official platform valuation of the transferred certificates).

16. 24-Month Technical & Tax Escrow

At issuance, the certificate price includes a security pool covering the first 24 months of holding the asset.

Names used: 24-Month Technical & Tax Escrow, Asset Maintenance Escrow, Carrying Cost Reserve, Initial Holding Cost Reserve.

Why 24 Months

To: cover the first two tax/administrative holding periods; give the SPV a liquidity buffer for land/property tax; cover risk of NAPR/municipal delays; allow time for status update/zoning/technical work if applicable; separate the clean 5% platform fee from holding costs; protect the SPV if a holder does not pay costs while the parcel remains on the SPV balance sheet; give the holder a clear structure: initial escrow first, annual true-up later.

The first 24 months of estimated carrying costs are reserved at issuance to prevent administrative friction during the initial holding and redemption window. After this initial period, holders are responsible for annual true-up payments for taxes, maintenance, registry, or administrative costs associated with holding the parcel through the SPV.

Первые 24 месяца расчётных расходов на удержание актива резервируются при выпуске сертификата, чтобы обеспечить непрерывное администрирование участка в начальный период владения и возможного redemption. После этого держатель компенсирует ежегодные расходы через annual true-up.

17. Carrying Costs & Annual True-Up

Land is a physical asset requiring holding costs.

17.1 Carrying Cost Categories

Property tax; land tax; municipal charges; registry updates; cadastral verification; geodesy/topography; boundary review; legal support; accounting support; maintenance; monitoring; administrative fees.

Initial 24-month escrow at issuance + annual true-up paid by holder after the initial period.

17.2 Default Remedies (High-Level)

Possible measures: notice period; late fee; temporary transfer lock; redemption suspension; forced buyback; default protocol; liquidation route; cancellation/burn mechanics.

Important: Forced buyback, burn, liquidation, and foreclosure require separate legal review and must not be publicly described as an automatic smart contract process without a legal memo.

12. Failed KYC / Failed Redemption

Redemption is not automatically guaranteed to every holder.

Reasons for refusal, delay, or restriction: failed KYC; failed sanctions screening; AML concerns; terrorist financing concerns; fraud indicators; inability to prove wallet control; mismatch between holder identity and transaction documents; legal ineligibility of the holder; land classification preventing direct title transfer; registry requirements that cannot be satisfied; court/administrative restriction; source-of-funds compliance concerns; restricted jurisdiction; beneficial ownership opacity.

Redemption is not guaranteed for every holder. Redemption may be refused, delayed, or restricted if the holder fails identity verification, sanctions screening, AML review, legal eligibility checks, source-of-funds review, wallet-control verification, or registry-completion requirements.

14. Restricted Jurisdictions & Sanctions

AIA CORE may restrict access for certain persons, wallets, countries, and categories of participants, including: sanctioned persons; OFAC lists; EU/UK/UN sanctions; wallets flagged by Chainalysis/Elliptic/other analytics providers; terrorism financing indicators; fraud/hack-linked wallets; high-risk jurisdictions; jurisdictions without legal clearance for tokenized RWA access; U.S. persons pending a counsel-approved framework; persons unable to pass KYC/AML at redemption.

The platform may restrict access to certain jurisdictions, persons, wallets, or counterparties, including where required by sanctions, securities laws, AML rules, registry requirements, or internal risk policies.

23. Tax Disclaimer

AIA CORE is not the holder's tax advisor and does not provide individual tax advice.

The holder is responsible for: taxes in their country of citizenship; taxes in their country of tax residence; taxes on purchase/sale of the NFT; taxes on redemption; taxes on holding land or the corporate vehicle; capital gains; property taxes; reporting obligations; FATCA/CRS or similar regimes, where applicable.

AIA CORE does not provide tax advice and does not act as the holder's personal tax agent. Holders are responsible for understanding and satisfying their own tax obligations in their country of residence, citizenship, and any jurisdiction relevant to acquisition, transfer, redemption, or ownership.

21. Technology Layer

Current technology model:

Network

Base

Token standard

ERC-721

Optional royalty standard

ERC-2981, if used

Token role

Redemption Certificate / record layer

Redemption mechanics

lock -> KYC/AML/legal review -> burn/close or unlock/reject

Base, Not "Chainbase"

Use "Base" in all public documentation. Do not use "Chainbase" when referring to the Base network by Coinbase/Ethereum ecosystem.

Contract Status

We do not publicly state "mainnet deployed," "audited," "verified," "production-ready," "regulated," or "insured" unless documented and confirmed.

25.1 Allowed / Preferred Claims

• Redemption Certificate
• parcel-linked certificate
• Georgian SPV holds title
• KYC/AML required at redemption
• No wallet required to review public materials
• 5% disclosed platform fee
• 2.5% marketplace royalty fee; off-platform assignment fee: 5% of combined official platform valuation, minimum 500 USDC, no maximum cap
• 24-month carrying cost reserve
• no guaranteed yield
• no guaranteed liquidity
• redemption subject to eligibility and applicable law
• Data Room / document-first review

(Note: royalty claim above reflects the approved two-tier v0.6 model — update any older single-rate "2.5% secondary market royalty" wording found elsewhere.)

Prohibited Public Claims

We never say: guaranteed yield; passive income; X2/X5; risk-free; guaranteed buyback; instant liquidity; legal loophole; bypassing the law; agricultural land lifehack; guaranteed title transfer; no KYC ever; foreigner can always own agricultural land; NFT equals land ownership; token is definitely not a security; tax-free; VAT-free; fully audited (if not audited); government-approved (without confirmation); absolute preservation of capital; fully eliminates risk; Base guarantees your land rights; blockchain title replaces Georgian legal title; on-chain ownership is enough to claim land without off-chain documents.

Mandatory correct wording:

Base is the transparent record and transfer layer for digital certificates. Legal enforceability comes from the off-chain contractual framework with the Georgian SPV, transaction documents, compliance approval, and Georgian registry/legal execution.

Base является прозрачным слоем учёта и передачи цифровых сертификатов. Юридическая сила возникает из off-chain договорной структуры с грузинской SPV, документов сделки, compliance-одобрения и исполнения через грузинскую юридическую/реестровую инфраструктуру.

30. Short Canonical Summary

AIA CORE provides structured access to Georgian land through a Georgian SPV and parcel-linked ERC-721 Redemption Certificates. Each certificate is linked to a specific cadastral parcel and gives the holder a contractual right to request redemption under the platform terms. Redemption requires KYC/AML, sanctions screening, legal eligibility review, and execution through Georgian legal and registry infrastructure by the holder or their authorized representative. Until redemption is completed, the certificate is not land title, not a deed, not SPV equity, and not automatic ownership in Georgia's Public Registry.

AIA CORE предоставляет структурированный доступ к грузинской земле через грузинскую SPV и ERC-721 Redemption Certificates, связанные с конкретными кадастровыми участками. Каждый сертификат даёт держателю договорное право запросить redemption согласно правилам платформы. Redemption требует KYC/AML, санкционного скрининга, проверки юридической допустимости и исполнения через грузинскую юридическую и реестровую инфраструктуру самим держателем или его уполномоченным представителем. До завершения redemption сертификат не является титулом на землю, deed, долей в SPV или автоматическим правом собственности в государственном реестре Грузии.

31. Disclosure Model — Level 1 (Public)

Redemption is subject to KYC/AML verification, applicable law, registry requirements, and completion of the required off-chain records. Transfers of token-linked rights outside the AIA CORE marketplace constitute an off-chain contractual assignment and require mandatory legal processing, verification of the new holder, registry synchronization, and payment of the applicable assignment fee: 5% of the combined official platform valuation, minimum 500 USDC, with no maximum cap. See full terms and Data Room for details.

Redemption осуществляется при условии прохождения KYC/AML, соответствия применимому праву, требованиям реестра и завершения необходимых off-chain записей. Передача прав на token вне marketplace AIA CORE является уступкой договора / права требования, требует обязательного юридического оформления off-chain, проверки нового holder'а, синхронизации реестра бенефициаров и уплаты применимой комиссии: 5% от совокупной официальной оценки платформы, минимум 500 USDC, без максимального лимита. Полные условия — в Data Room и transaction documents.