How sutl Works
WHAT IT MEANS TO BE A MEMBER
Unlike timeshares or fractional ownership, members receive Real shares in the sutl cooperative and its entire portfolio of properties. Ownership provides access to at-cost stays, or can be held purely as investment. This elevates life/travel, while optimizing risk & retuns.
sutl Shares can be attained in three ways:
- Investment - bought & sold at market rate, shares’ value fluctuate with their underlying assets’.
- Services - from asset management to design work, providers can receive payment in cash, shares or stays.
- Stays - aspiring members build equity while staying with sutl. Whatever doesn’t go towards the cost of their stay, vests towards shares in the cooperative.
Current & prospective members coexist as equals, and every owner receives one vote.
BACKED BY THE BLOCKCHAIN
sutl is structured as a Decentralized Autonomous Organization (DAO) to codify values, while averting hierarchy & misinterpretation.
sutl is structured as a Decentralized Autonomous Organization (DAO) to codify values, while averting hierarchy & misinterpretation.
Trail to Autonomy:
- sutl’s initial valuation is determined by summing optioned real estate + projected costs. (closing, maintenance, mgmt, ops)
- Shares in sutl are divided, tokenized and sold at cost. (total valuation ÷ total shares)
- sutl acquires real estate as a cooperative, and operates under smart contracts.
- Price/share fluctuates with the market, while new shares are minted as the cooperative grows.
- Individuals obtain new & secondary shares through investment, services and stays.