Digital Property Exchange: Understanding Wallets, SCM, Digital Units, and Ownership

Introduction

Digital Property Exchange is an ecosystem that ties together digital wallets, SCM transactions, and eligible property units along with e-commerce and owner services. It is an organised system that allows users to utilise various different wallets to purchase SCM and eligible property units while managing a balance of eligible funds and using supported e-commerce services. It allows users to potentially earn rental income, resell units, and receive support from dealers. Understanding how the various elements work can help you get to grips with the platform.

What Is Digital Property Exchange?

Digital Property Exchange is an ecosystem that ties together digital wallets, SCM, eligible property units, and e-commerce. The ecosystem has organised the various elements so they each complete a specific task. Each wallet will have a purpose, and the SCM will act as the company's digital currency for relevant transactions.

The main elements of the platform are:

Digital Wallets 

Manage different types of balances and transactions.

SCM 

The digital currency used by the company for relevant activities.

Property Units

Allocated sq ft.

E-Commerce 

Supported shopping services.

Dealer Accounts 

Guidance and support with purchases, payments, and offerings.

The availability and eligibility of services will depend on company rules. There are 5 different wallets available on the Digital Property Exchange. Understanding what each one is for will ensure you know how funds and SCM might flow.

Deposit Wallet

This is where you will start your journey to convert funds into SCM.

The process is typically:

1. Deposit funds following company guidelines.

2. Verify the amount.

3. Add funds to your balance (in PKR).

4. Use your available balance to purchase SCM.

This will give you a starting balance to use on eligible activities on the platform. Ensure you follow the guidelines for depositing funds and understand what verification is needed.

Personal Wallet

This wallet is for purchasing SCM for personal activities. You can use your eligible balance to purchase SCM to use with supported e-commerce and/or eligible property units. Ensure you have enough balance and eligible units and understand the requirements before proceeding with your purchase.

Investment Wallet

This wallet is for holding SCM for investing. It can be used to hold SCM, purchase eligible property units, and make relevant payments/installments. This will help keep your investment related transactions separate. However, there is no guarantee of making a profit. Profits depend on the offering, company terms, and market.

Cash Wallet

This is for earning rental income or other income from eligible purchases. This can be used for receiving relevant income, using your available balance to purchase another eligible unit, withdrawing eligible amounts, and transferring SCM to another user's SCM account. Ensure you understand what is eligible to withdraw and transfer, along with how payments will be settled and if any charges apply from the company's policies.

Shopping Wallet

This is for e-commerce. An eligible amount can be moved from the relevant wallet to the Shopping Wallet to use with the e-commerce store. This will help to organise your shopping.

Your spending limit will be determined by the platform's policy.

What Is SCM, and How Does It Work?

SCM is the company's currency for relevant activities on the Digital Property Exchange platform. It can be used to complete transactions with your wallets, property units, and other eligible activities. Once you have verified and added the funds to your account, you can purchase SCM. This can be stored in the appropriate wallet to use with supported transactions. The overview explains how the value of the SCM could change over time. For example:

If the price increases from Rs. 50 to Rs. 100 per SCM.

This example is just for illustration purposes and is not a prediction of price, guarantee of increase, or proof of price increase. You should understand how pricing works, how you can convert, and any risks of investing.

How To Purchase Digital Property Units

The Digital Property Exchange has property units that are allocated a set sq ft. The process will tie together the price of SCM, property unit price, area, and ownership.

The process will typically be:

1. SCM Price—Understand how much SCM costs.

2. Property Unit Price—Understand how many SCMs are needed per sq ft based on the relevant policy.

3. Area—Choose the eligible sq ft.

4. Payment—Pay using the correct process and ensure how ownership will be recorded.

For example, if the property unit price is 929 SCM per sq ft, then a property of 5 sq ft would cost 4,645 SCM.

This is just an example and does not confirm current pricing or availability. You should confirm how much you need to purchase.

What Type Of Properties Can Be Purchased?

The overview explains you can purchase property units that represent various different eligible properties or businesses.

• Shopping Malls

• Eligible property units can represent shopping malls.

• Gyms/Fitness

• Eligible property units can represent gyms/fitness businesses.

• Restaurants

• Eligible property units can represent restaurants.

• Other Commercial Businesses

More eligible properties/businesses could be available based on company terms. It is important to understand exactly what you will own. You should confirm the legal status of the property, what rights you have with the unit, what documents you will have for ownership, and whether you are directly owning the property or have a contractual interest.

Ownership, Rental Income & Reselling

Once you have purchased a property unit, you will own a set of sq ft of property based on the unit. You could earn rental income, see changes in value (SCM), and potentially resell.

Rental Income

Eligible property units could give you rental income. If applicable, you can receive this through your cash wallet. However, there is no guarantee of rental income. This can depend on the occupancy, performance, and contractual agreements, along with company policies and other factors.

Reselling

You could potentially resell your property unit to a new owner. Before purchasing, you should understand how you can resell, what is needed to transfer, and how much it costs.

Returning to the Company

The overview explains some units can be returned to the company. For example:

50% of the current SCM price.

This is not a guarantee that all units can be bought back. You should confirm what is eligible, how it will be calculated, and what the payment terms are from the company's policy.

E-Commerce

E-commerce is another element of the ecosystem. The Shopping Wallet can be used to purchase eligible items from the online store. By tying together the balances in your wallet, you can purchase eligible items. For example, you could transfer the relevant amount to the Shopping Wallet. This can be used to purchase eligible products/services. Tying the wallets together means you can purchase items from the e-commerce.

Marketing & Dealer Account

The dealer account can provide support and referrals. Dealers can help explain the platform, guide you through the relevant purchasing and payment processes, and provide information on eligible offerings. The overview explains you could receive rewards, price benefits, and incentives based on the dealer policy. You could also receive support with your installments/payments through the dealer account.

Do not assume these benefits are guaranteed. You should confirm what the current terms are, what is eligible, and how payments work.

Key Benefits & Important Information

Digital Property Exchange ties various elements together into an organised ecosystem.

It has:

• Different wallets for deposits, personal use, investment, income, and shopping.

• Transactions using SCM.

• Set sq ft for eligible property units.

• Potential income opportunities.

• E-commerce and dealer support.

But you have to take time to understand the terms of deposits, SCM prices, property unit ownership, rental, withdrawals, transfers, reselling, and returns to the company. The property opportunities and digital currencies can come with financial risks. Before investing any funds, check the official documentation to know who the company is, its legal status, its ownership document, transaction fees, withdrawal terms and written guarantees.

FAQs

1. What does a digital asset exchange mean?

Digital Property Exchange is an ecosystem that connects digital wallets, SCM transactions, eligible property units, e-commerce and dealer support.

2. What is SCM used for?

SCM is the company’s currency for relevant activities including purchasing eligible property units and completing transactions with your wallets and other supported services.

3. What is the difference between the personal wallet & investment wallet?

The Personal Wallet can be used for personal activities within the ecosystem, such as shopping and purchasing eligible property units. The Investment Wallet is for holding SCM and purchasing property units for investment.

4. Can I earn rental income from purchasing property units?

Eligible property units can earn rental income. However, there is no guarantee and depends on the relevant terms and conditions.

5. Can I resell my purchased unit?

You can resell your property unit. Some units can also be returned to the company. This will depend on what is available, what is eligible, how much it costs, and what the terms are for transferring from the company's policies.

Conclusion

Digital Property Exchange ties together digital wallets, SCM, eligible property units, e-commerce, and dealer support. It has an organised structure to help you manage your transactions, look at set property unit offers, and use the relevant services. It is very important to understand what each wallet is, how SCM transactions work, and what the terms are for property units. You should take time to understand the official policies, ownership terms, and withdrawal terms and consider the financial risks. It is important to have clear information and make informed decisions when looking at any digital property-related platforms.

Website: https://opendevsol.com

Email: info@opendevsol.com

Phone: +92 311 43 33 373