Summer Point Token Price(SUMX)

Summer Point Token (SUMX) is a digital investment token based in Thailand. It is designed to be backed by real estate, specifically the Summer Point Office Building located in Bangkok. This project operates under the supervision of the Thai Securities and Exchange Commission (SEC), adhering to regulations concerning both real estate and digital assets. The token allows investors to hold fractional ownership of the Summer Point Office Building. Through a regulated Initial Coin Offering (ICO) issuance, SUMX aims to provide returns derived from rental income and principal repayment over a 25-year leasehold period. The token is also designed to be tradable on digital asset exchanges. This approach makes real estate investment more accessible by lowering the initial investment threshold and enabling 24/7 trading on secondary markets, enhancing liquidity. The Summer Point Office Building, the underlying asset, is situated on Sukhumvit Road, near the BTS Phra Khanong station. It features a modern design and maintains a high occupancy rate with a varied tenant base, which helps mitigate risks associated with tenant turnover and supports stable rental income. The Summer Point Token is issued by The Issuer Limited, with Token X Co., Ltd. acting as the ICO portal provider. SUMX tokens are slated to undergo a burning process annually from 2025 until 2049, correlating with the issuer's quarterly principal repayments. While some sources suggest it runs on the Bitkub blockchain, other information indicates it is a native token on the TON blockchain. Official information can typically be found on the Summer Point Token website and associated social media channels. Learn more

Looking to buy How to buy SUMX? The process is simple and hassle-free! You can easily purchase SUMX on LBank by following our step-by-step buying guide. We provide detailed instructions and video tutorials showing how to register on LBank and use various convenient payment options.

--

Cryptocurrency prices are subject to high market risk and price volatility. You should invest only in projects and products you are familiar with and understand the associated risks. Carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial advisor before making any investment decisions. This material should not be considered financial advice. Past performance is not a reliable indicator of future performance. The value of your investment may go down or up, and you may not recover your invested amount. You are solely responsible for your investment decisions. LBank is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warnings. Please also note that the data related to the above-mentioned cryptocurrency (such as its current real-time price) is sourced from third parties and is provided “as is” for informational purposes only, without any representation or warranty. Links to third-party websites are not under LBank’s control, and LBank is not responsible for the reliability or accuracy of such websites or their content.