Security & Ownership Token (IMMA-SOT)

Updated: 6 August 2025

This paper describes the digital‑asset mechanics. Construction and development information can be found on the About page.

Important Notice: Immaculata Living / American Islamic College (AIC) and its partners have not yet issued IMMA‑SOT tokens and are not conducting any pre‑sale, and may further update this paper following advice from partners and legal counsel. Verified updates will appear exclusively on ImmaculataLiving.com and aicusa.edu. Any outreach via unofficial channels should be considered illegitimate.

Summary

The IMMA‑SOT is a true real‑world‑asset (RWA)‑backed ERC‑20 token: once subscriptions hit the land‑value threshold, the title transfers to a Wyoming DAO LLC, and the DAO will also own the entire 437‑unit condo development as it is delivered over the following 24-36 months. If the threshold is not met, all funds are automatically refunded via smart contract.

• Land & Improvements → DAO — a pre‑signed land deed sits in escrow and construction contracts pre‑assign every new improvement to the DAO. Token holders therefore own both the land and the finished 437 apartments, and on‑the‑ground partners cannot bypass or encumber the asset.
• Monthly rental income — distributed pro‑rata in USDC/USDT or automatically swapped to USD and pushed via ACH/wire to linked bank accounts, starting with pre‑construction rents (as existing buildings are currently rented) and scaling as redevelopment phases come online.
• Utility rights — live on‑site, qualify for EB‑5 Investor Visa, or redirect yield to scholarships.
• Burn‑to‑Title — burn tokens to receive a condominium deed after 60 months.
• Unified DAO governance — token holders and direct‑equity investors govern a single Wyoming DAO LLC.

1. Token overview

Attribute	Detail
Standard	ERC‑20
Total Supply	210 M fixed – minted once
Unit Economics	1 SOT priced at USD 1.00 during the raise (par)
Reg & Compliance	Distributed as a restricted ERC‑20: transferable, but income and utility functions unlock only for KYC‑verified holders (“compliant mode”)
Transferability	Freely transferable; staking for Resident, EB‑5, or Foundation utilities imposes a fixed lock period
Reporting	On‑chain cash‑flow feed + audited financials published online

2. Utility staking and lock periods

All IMMA‑SOTs are standard ERC‑20 tokens and remain fully transferable until a holder chooses to activate a utility by staking. Staking transfers the specified balance to StakeVault.sol, a non‑custodial contract that records the timestamp and locks withdrawal for the term shown below. Staked tokens still accrue yield and voting power, but they cannot be moved or sold until the lock expires.

Tier	Required Balance	Lock Term	Activation Function	Utility Package
Investor	> 0	None	—	Monthly yield + DAO vote
Resident	≥ 400k SOT	12 months	stakeResident()	Right to lease unit; rent offsets yield, retain vote
EB‑5 Investor Visa (limited number)	≥ 1M SOT	60 months	stakeEB5()	Supports EB‑5 filing, includes yield & vote
Foundation	≥ 10M SOT	> 36 months	stakeFoundation()	Campus naming rights, vote & board observer
AIC Endowment	≥ 20M SOT	Permanent	stakeAIC()	Yield to College

StakeVault.sol emits an StakeCreated event with holder address, tier, amount and unlock date. Upon expiry, the holder (or an approved delegate) calls unstake(); tokens are returned to their wallet and become freely tradable again.

2.1 Yield‑to‑Impact Toggle

In the Investor Portal, a slider (0‑100%) sets the share of monthly yield auto‑sent to the AIC Scholarship Treasury. Changes take effect next distribution cycle.

3. Cash‑Flow Distribution Engine

MonthlyYieldPerToken = Net_Operating_Income / Tokens_Outstanding

• Data Source — Rents land in escrow; oracle publishes net figures to CashFlowOracle.sol.
• Splitter — YieldDistributor.sol streams pro‑rata USDC.
• Compliance Layer — ComplianceGuard.sol checks each wallet’s KYC status before yield claim. Unverified wallets accrue yield in escrow pending verification.

3.1 Fiat‑Rail Disbursement Option

Verified holders who prefer traditional banking can enable Auto‑ACH in the Investor Portal:

1. Link Bank Account — Plaid or equivalent instant verification.
2. Auto‑Swap — On distribution day, the holder’s USDC yield is swapped to USD through a regulated broker (or on‑chain DEX with a USD off‑ramp).
3. ACH / Wire Push — USD is pushed via ACH or Fedwire for large balances.
4. On‑Chain Receipt — FiatPayoutBridge.sol posts transaction hash + payout ID.

Holders can toggle Auto‑ACH on/off at any time; default is crypto yield.

4.  Burn‑to‑Title Protocol

1. Holder calls burnForTitle(unitID) in TitleSwap.sol.
2. Contract verifies:
   • Holder’s KYC status is “verified”.
   • 60‑month holding window reached (timestamp check within contract).
3. Tokens burned; an oracle notifies the title company.
4. Deed recorded with Cook County; document published and posted to on‑chain DeedRegistry.sol.

5. Compliance & Security Modules

5.1 Dynamic Compliance

• Transfer Freedom — Anyone can receive IMMA‑SOT.
• Utility/Security Gate — Security features i.e. income, staking utilities and voting require KYC/AML verification via ComplianceGuard.sol.

5.2 Investor On‑Boarding

1. Complete KYC/KYB via Evergon Labs & ComPilot integrated service.
2. Wallet is flagged verified in ComplianceGuard.sol.
3. All utilities auto‑unlock; past yield, if any, is released.

5.3 Smart‑Contract Assurance & Custody

• Independent audit pre‑TGE + 12‑month bug‑bounty programme.
• Smart‑contract insurance cover.
• Self‑custody supported, regulated custodian optional.

6. Use of Proceeds

Most of the work happens in the physical world, and we will not rewrite token mechanics that token infrastructure firms have already built, tested & audited (hence small team). The use of proceeds reflect this:

Category	% of Raise	Detail
Land Acquisition	14 %	Purchase title from landowners
Construction Phases	73 %	Hard costs drawn down with Big 4 auditor oversight
Team & Professional Services	5 %	Includes capital introduction, security & platform costs, legal and marketing
Contingency Reserve	8 %	Unused amount returned to token holders on building completion

7. Liquidity Strategy

This token is underpinned by hard real-world assets, including direct title to land and equity in a $200 million+ real estate development located in a prime area of Chicago, with a defined construction timeline. Together with a revenue-generating asset base, the token benefits from fundamental value support rarely seen in on-chain instruments.

Given this intrinsic value, we do not anticipate the need to heavily subsidize liquidity pools through project-owned token deposits. The presence of a real asset floor is expected to encourage independent market makers to provide liquidity, helping to establish price stability and reducing the risk of volatility typically associated with unbacked tokens.

• CEX Listings — Applications planned for compliant U.S. venues and offshore exchanges post‑issue.
• DEX Liquidity — 1 % of supply paired with USDC in an AMM pool; DAO can adjust depth via liquidity mining, if needed yield from apartment rental can fund rewards for unstaked tokens.
• Market‑Making — Agreements with market makers under discussion.

8. Security Incident Response Plan

1. Incident Detection — Real‑time on‑chain monitors.
2. Immediate Measures — pauseIncome() + 24‑hour timelock on pauseTransfer().
3. Multisig Vote — 5‑of‑9 Safe keys decide patch / migration.
4. Disclosure — Within 24 hours on project and university websites.
5. Reimbursement — First loss covered by insurance (up to limit TBC); excess via DAO treasury vote.

9. Exit & Secondary Scenarios

• Burn‑to‑Title — Resident holders convert to deed (Section 4).
• Asset Sale — DAO may accept third‑party sale of apartment units; proceeds auto‑redeem tokens at appraised value.
• Liquidation Cascade — If DAO votes wind‑down, land & improvements sold → creditors → token buy‑back.

10. Team & Advisors

• Dr Timothy Gianotti, PhD – President, American Islamic College
• Keith Giles – Founding Principal, KGiles LLC
• Mohammed Marikar – Partner, Neem Capital & Head of Institutional Development, FLock.io
• Muddassar Ahmed – Managing Partner, Unitas Communications & Chair, Concordia Forum
• Tokenisation platform: Evergon Labs
• Crypto AML Compliance: ComPilot
• Legal counsel: Croke Fairchild Duarte & Beres, Chicago

11. Pending considerations

• Governance and voting
  We are debating quorum thresholds, delegation and whether decay should be considered – there’s a chance we may have many unengaged token holders who are only interested in property utility and don’t participate in governance, which could give disproportionate power to whales (of which the College will be a permanent one). Our goal is to ensure the long-term yield and utility of the token and underlying project is maintained. Further updates to come.
• Name
  Yes, IMMA-SOT is a mouthful, we considered Make AIC Great Again (MAGA) but that’s taken!