Background
Project Trike is an onchain NFT project where each NFT is backed by real-world transportation asset such as bus, jeepneys, tricycles etc.

Problem: Traditional business lacks access to digital funding and transparency.

Solution: Onchain NFT’s backed by income generating Real-World Assets(RWA)

How It Works

1. Real-World Assets (RWA)
   • Each NFT is backed by a real-world asset.
   •These assets generate revenue through transportation services (e.g., ticket sales, rentals, advertising on the bus).
   •The project team handles registration, operation, and legal ownership of the real-world asset.

2. **NFT Minting **
   •Limited NFTs are minted, each tied to a specific transport or a share of the fleet. •Onchain metadata includes transport details (e.g., model, route, location).
   •NFT holders gain tokenized rights such as profit share, governance, or perks.

3. Revenue Distribution
   •Revenue from the transports (e.g., daily operations, advertising) is collected and distributed regularly to NFT holders.
   •This is done via smart contracts that automatically calculate and send payments (e.g., in stablecoins or native tokens).

4. Governance & Utility
   •NFT holders can vote on key decisions: new routes, branding, or reinvestments. •Optional: NFT holders get access to benefits like free rides, loyalty rewards, or early access to new mints.

5. Onchain Transparency

   •All transactions, revenue, and ownership are verifiable onchain.

   •Smart contracts ensure no central authority can manipulate the data.

Why It Matters

•Real Yield: Investors earn income from real-world services.

•Decentralization: Ownership and governance are shared.

•Transparency: Onchain data builds trust with users and investors.

•Impact: Helps fund public transport systems with crypto-native capital.

⸻