What to Do if Binaryx Disappears: The Fate of Your Tokens and Action Plan

Questions about what would happen to your investments if Binaryx disappeared come up often, and for good reason. The answer needs to be clear and straightforward. In short, you’d need to work with other investors and make decisions about the property on your own without the platform. Yes, it would take some time and effort, and it wouldn’t be the most pleasant experience, but it wouldn’t be disastrous. Why? Real estate tokens don’t belong to Binaryx — they’re yours and hold their value regardless of the platform.

This is where blockchain's key advantage comes into play. Blockchain is a decentralized and immutable ledger. Your real estate tokens are part of decentralized autonomous organizations (DAOs) explicitly created for each property. Binaryx doesn’t control these DAOs; the investors manage them through token-holder voting. Most importantly, this structure is legally supported by the DAO LLC Act (W.S. SF0038) in Wyoming. So, we’re not talking about some vague online entity; this is a legitimate LLC, registered and recognized in the U.S. We’ll explain how these DAO LLCs work in more detail in a separate article.

Keep this in mind: even though the DAO LLC, the legal entity holding the property, issues the tokens, they operate independently after that. This is possible due to the pre-set conditions in the smart contract — an immutable computer algorithm that automatically monitors and enforces deal terms. Your share in the property stays with you under any circumstances, and you can even receive rental payments directly through a separate smart contract. You remain a partner in the legal entity that owns the property, with all the rights that come with it. Plus, the chance that Binaryx will cease operations is meager. Still, it’s wise to be ready for any situation, so read on to learn how to continue managing your property and receiving income even without the platform.

The operating agreement posted on each property’s page provides all these details. It’s laid out clearly. We strongly recommend saving a copy of this agreement for your peace of mind.

Real Estate Tokens Belong to the Investor, Not the Binaryx Platform

The real estate tokens you buy through Binaryx exist on the Polygon blockchain — an independent and decentralized network. No single organization controls this blockchain; it runs through thousands of nodes maintained by people worldwide. This means data about your tokens is spread across numerous servers, all updating in sync. Binaryx can’t tamper with or alter the blockchain after the fact; realistically, no one can. The unchangeable nature of blockchain data keeps your assets secure. For example, you can check all transactions related to the PARQ Penthouse 61 tokens on this public blockchain explorer page.

When you buy tokens through Binaryx, they go directly to your blockchain address, which exists independently of the platform. Even if you use a wallet set up on Binaryx via email registration, it’s still a separate tool you can access outside the platform. Signing up with an email means Binaryx automatically creates a wallet through Magic Link. This service lets you create a crypto wallet without a seed phrase (those 12 or more words generated during wallet setup).

Magic Link has undergone numerous security audits and has been further reviewed by our specialists. On this page, you can enter your email to access the private key for your crypto wallet — a unique hexadecimal identifier. This key works like a seed phrase, allowing you to regain access to your funds through any third-party crypto wallet.

Thus, Binaryx doesn’t have access to your private key and can’t move your funds. Security audits back the independence of your tokens. Binaryx has gone through an independent audit and received a strong score of 9.8/10 for code security, with no critical vulnerabilities found.

Real Estate Tokens Confirm Your Partnership with a Legal Entity (DAO LLC) That Owns the Property

Real estate tokens stay in your wallet independently of Binaryx — and just as independently, they confirm your property ownership. When Binaryx starts working with a new property, an authorized agent in Wyoming, USA, registers a new legal entity (DAO LLC). This entity is established under Wyoming law (W.S. SF0038), which allows token holders to replace traditional shareholders. A token confirms your corporate rights as a partner in this DAO LLC, which holds the property. So, owning even one token means you automatically become a co-owner of the company and, therefore, have a claim to a portion of the property it owns.

It’s easy to verify this. On the property’s page, such as PARQ Penthouse 61, you’ll find a document signed by the Secretary of State of Wyoming called "Decentralized Autonomous Organization Limited Liability Company Articles of Organization." This document outlines the main details of the DAO LLC, including its name, addresses, and authorized persons. The sixth section lists the token address, confirming its connection to the legal entity. You can find the same document on the Wyoming Secretary of State’s website for extra reassurance.

To ensure your rights are protected, you only need to compare the token address in the blockchain explorer with the one listed in the legal document. This confirms that you are indeed a partner in the DAO LLC and a co-owner of the property. We’ve compiled a detailed guide on how to read these documents to make the verification process even more straightforward.

Investors Can Collect Rental Payments through Smart Contract without Relying on the Platform

Since the tokens exist independently of Binaryx on the public Polygon blockchain, you can interact with them directly, bypassing Binaryx. For instance, you can collect rental income on your own. There’s a separate smart contract for this purpose, which is used for all rental properties: https://polygonscan.com/token/0x0Cd8f3Fe85780e620F80cdB884807174d9A1D805.

Let’s break down the steps to do this, whether Binaryx is unavailable or you want to check things yourself.

1. Start by visiting the smart contract address: https://polygonscan.com/token/0x0Cd8f3Fe85780e620F80cdB884807174d9A1D805.
2. Open the “Contract” tab and select “Write as Proxy,” as shown in the screenshot.

3. Connect your crypto wallet by clicking “Connect to Web3,” agreeing to Polygonscan’s prompt, and choosing your wallet. Then, approve the connection in your wallet.

4. In the “claim” section under point two, enter your wallet address in the “_user” field where rental payments will be sent. In the “_tokens” field, type the token addresses for the properties you want to collect rent. For example, to collect rent from PARQ Penthouse 61, enter “0xA07DB641FC95067a2Fe68b6224a9dD39564bFd57”. Then, hit “Write” and confirm the transaction.

5. Rental payments (if available) will be transferred to your wallet in USDT. You can also collect rent from multiple properties by listing the token addresses separated by commas.

Here is the video version of the guide:

Investors Can Decide the Fate of a Property through Voting

Investors holding real estate tokens through Binaryx have the right to influence the property's future, thanks to the DAO LLC structure. These legal entities, created under Wyoming law, are managed by token holders and operate independently of Binaryx. This means that investors can decide to change the management company, adjust rental terms, or even sell the property by voting on the blockchain. The seventh section of the DAO LLC document, which we discussed earlier, confirms that management is in the hands of the token holders, not Binaryx or any other entity.

A DAO is a flat democratic structure in which every investor has the right to vote. The process is simple: propose a solution, discuss it with fellow partners, and bring it to a vote. Voting happens on the blockchain, and the weight of each vote depends on the number of tokens held. Decisions made this way carry legal weight because the DAO LLC is registered and recognized in the U.S. This means any collective decision is binding, just like those made by traditional shareholders.

A practical example is the case of PARQ Penthouse 62 in 2023. Investors couldn’t raise the required funds quickly, and the deal fell through. They were given a choice: get their money back or reinvest it in another project. After a vote on the Binaryx Platform and independently on Snapshot, investors decided to redirect their funds to the Karra Loft 3A project. This decision was executed, and the property began generating income.

What to Do if Binaryx Disappears? A Step-by-Step Guide

Now you know how everything is set up and what rights you have. This means you can use this quick guide if the need arises. So, let’s say you wake up one morning and find that the Binaryx website isn’t working. You ask around in the chat, wait for a response, and decide to give it some time. Days go by, the site is still down, and the situation with the company is unclear. This scenario is unlikely, but what should you do if it actually happens?

1. Contact a Binaryx representative. You can do this through support chat on Telegram: Contact @binaryxcom_support_bot.
2. Connect with other token holders. Act separately for each property — join the specific investor chats available to token holders via corresponding links. You can find these links here: https://app.binaryx.com/account. You can also reach out directly to other token holders using wallet addresses visible in blockchain explorers through the token's smart contract address. Modern crypto wallets allow you to send messages to wallet addresses. If you’re the first to notice a problem, gathering everyone may take time. But if all investors are aware, finding each other and coordinating will be faster.

3. Discuss and vote on the next steps via DAO. In the chat, discuss possible actions and use the Snapshot platform for a vote to decide what to do with the property. The simplest option is to sell the property. However, you could continue caring for Binaryx’s functions, such as distributing rental income and coordinating with the management company.
4. Choose a representative. Once a decision is made, select a representative from among the investors to handle coordination and communication. Alternatively, you can choose an external legal firm as the representative. This will make the process smoother and quicker. Use Snapshot voting for this step as well.
5. Reach out to the management company. The chosen representative should contact the management company responsible for the property’s maintenance and rental operations. Management companies understand tokenization and acknowledge decisions made by investors through DAO, as confirmed by documents and company letters. For example, details about Parq Ubud, which manages PARQ Penthouse 61, can be found in the property documents section.
6. Organize the sale or other actions through a notary. The management company can help investors bring in a notary and officially complete the transaction, whether a sale or another property-related action.
7. Continue collecting rent. Until the property is sold, you can continue collecting rental payments by interacting directly with the token’s smart contract, as outlined in the previous section.

These steps are unlikely to be needed in real life, but it’s essential to know them.

Conclusion

Now you know what to do if the unexpected happens. Remember the golden rule in investing: trust but verify. While we encourage you to trust Binaryx, we also believe in total transparency and want you to have all the information you need if we’re suddenly out of the picture for reasons beyond our control.

Remember that you’re not alone — your partnership with the DAO LLC and the independence of your tokens safeguard your rights. We’re here to support you every step of the way. Always yours, Binaryx.

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