# Property Transfer Route ## What this route does. This route turns a property sale/closing into **evidence-gated settlement.** Your money sits in escrow on-chain as **EDUSD 1:1** (fully reserved). You can **pre-assign** that EDUSD to all parties (seller, notary, registry, taxes, payoff lender) so everyone sees their allocation, but **no one can cash out** until the right event **is verified** and an **EMT (Event/Milestone Token)** is issued. **No EMT, no funds**. \ \ **Result:** faster, safer closings with automatic payoffs, fees, and seller proceeds, a live audit trail, and fewer disputes. ## How it works ### Buyer (5 steps) {% stepper %} {% step %} ### Contract Sign one **MPA with EDMA** (roles, fees, law/arbitration). {% endstep %} {% step %} ### Fund escrow → EDUSD 1:1. Your deposit mints **EDUSD, locked by tranche. Pre-assign** amounts to Seller, Notary, Registry, Taxes, and **Payoff Lender** (if any). Everyone sees their allocation; **no one can cash out yet.** {% endstep %} {% step %} ### Notary/Execution Deed is executed; identities verified → **EMT-Notary.** {% endstep %} {% step %} ### Payoff & Lien Release Existing mortgage(s) paid; releases posted → **EMT-Payoff.** {% endstep %} {% step %} ### Registry Filing accepted → **EMT-Filed**; title updated + handover → **EMT-Confirm** → **all remaining assigned EDUSD auto-pays**; close. {% endstep %} {% endstepper %} **Funding SLA:** the next milestone must have **locked EDUSD ≥ 24h** before its window. If not, the EMT becomes **Pending Funds** and penalties accrue per MPA; unaffected tranches can still complete. ### Seller {% stepper %} {% step %} ### Prepare Provide deed/ID; payoff letters; lien docs; tax/HOA items. {% endstep %} {% step %} ### See allocations Your proceeds show as **locked EDUSD** (plus lines for payoff, taxes, registry). {% endstep %} {% step %} ### Milestones → EMTs Notary → Payoff → Filed → Confirm. {% endstep %} {% step %} ### Auto-pay On **EMT-Confirm**, your **locked EDUSD** becomes available for spending or converting into fiat. {% endstep %} {% step %} ### Revocation SLA & EMT-R Revocation freezes releases **< 24h**; corrected attestations mint EMT-R (linked to the revocation hash) and payout resumes. {% endstep %} {% endstepper %} ### How PoV(Proof of Verification) works Before any payout the contract checks **all three**: 1. **Attestor quorum present** (independent roles; live keys) 2. **Equality of evidence** (all attestations point to the same evidence hash) 3. **One-claim exclusivity** (each stage can finalize once network-wide) If a counted attestation is revoked, payouts freeze (<24h); corrected attestations mint EMT-R and payouts resume. ### Milestones & PoV #### M1 — Notary / Execution * **Capture**: deed + KYC/KYB + signing minutes (hashed). * **Verify (quorum): NOTARY/COUNSEL, ESCROW\_AGENT** (funding state). * **Payout**: **EMT-Notary** → pre-assigned notary/tax service lines may pay. #### M2 — Payoff & Lien Release *(most deals)* * **Capture**: payoff letter(s), wire refs, lien release instruments. * **Verify**: `TITLE_AGENT/INSURER, ESCROW_AGENT (wires executed), optional PAYOFF_LENDER.` * **Payout**: **EMT-Payoff** → payoff lender auto-paid from its pre-assignment. #### M3 — Registry Filed * **Capture**: filing receipt/number + deed hash. * **Verify**: `REGISTRY (filed), TITLE_AGENT/INSURER` (encumbrance pack matches). * **Payout**: **EMT-Filed** → stamp/transfer/recording fees auto-paid. #### M4 — Registry Confirmed + Handover * **Capture:** updated title extract; possession/utility switch. * **Verify:** `REGISTRY (confirmed), TITLE_AGENT/INSURER (releases recorded / CPL if needed), ESCROW_AGENT (final auth).` * **Payout:** EMT-Confirm → seller proceeds auto-paid; close. *Holdback (fallback):* if registry confirmation lags, pay X% to seller and hold (100−X)% until confirmation or insurer coverage is posted. *All milestone timestamps are UTC.* ### Money flow — simple and safe * **What EDUSD is**. A minted stable coin, always **1:1 backed** by segregated client-money accounts. Issuer/treasurer = **regulated escrow trust/PSP**; EDMA = tech/program manager. Only **whitelisted wallets** can hold EDUSD. * **Pre-assign immediately**. As soon as EDUSD is **locked**, the payer **pre-assigns** slices to Seller, Notary, Registry, Taxes, Payoff Lender, etc. Everyone sees their line-item from day one. * **Auto-settle on EMT**. When the relevant **EMT** mints, **assigned locked EDUSD auto-converts to spendable** and pays that party (or **burns & redeems 1:1** to bank rails T+0/T+1). * **Pending Funds.** If a tranche isn’t pre-funded ≥24h pre-EMT, the EMT is Pending Funds; late interest accrues to beneficiaries until funded (per MPA). * **Proof-of-Reserves**. Posted on-chain T+0 per funding + daily roll-up. ### Fees **Total platform fee (by deal size; cap per property):** * **≤ $250k**: 1.25% (min $2,500) * **$250k–$1m:** 0.85% * **$1m–$5m:** 0.60% * **> $5m:** 0.40% * **Cap:** $150,000 **Collected on EMTs:** 40% at Notary, 40% at Filed, 20% at Confirm. **Who pays:** default 50/50 Buyer–Seller (configurable in MPA). **How paid:** in $EDM at each release; 50% burns. **Paymaster (optional):** auto-top-up $EDM so releases never fail for fee shortfall (payer-set ceiling). ### Examples #### A) $300,000 condo (0.85% tier) * **Total fee:** **$2,550 → $1,020 / $1,020 / $510 on Notary / Filed / Confirm (burn $510 / $510 / $255).** * **Flow:** Fund → pre-assign taxes/registry/seller → EMT-Notary → EMT-Filed (tax/registry paid) → EMT-Confirm (seller paid). * **If registry lags:** pay e.g. 90% to seller; hold 10% until confirm/CPL. #### B) $2,000,000 transfer (0.60% tier) with payoff * **Total fee: $12,000 → $4,800 / $4,800 / $2,400 (burn $2,400 / $2,400 / $1,200).** * **Pre-assign:** Payoff $950k; Taxes $20k; Registry $800; Seller remainder. * **EMT-Notary:** notary service line pays. * **EMT-Payoff:** lender paid; releases recorded. * **EMT-Filed:** stamp/recording fees paid. * **EMT-Confirm:** seller paid; utilities switched; close. * **PoR posted at funding;** all times UTC. ### What you need to prepare #### Buyer * MPA signed * Escrow funded → **EDUSD 1:1** * Pre-assign lines (seller/notary/registry/taxes/payoff) * Next tranche locked ≥ 24h pre-EMT * **$EDM** fee gauge green *(or Paymaster ON)* * basic KYC/KYB. #### Seller * Deed/ID * Payoff letters * Lien docs * Tax/HOA items * Utility handover readiness * Watch EMTs; if anything changes, send corrections fast (revocation ⇒ EMT-R). #### Notary / Title / Registry / Escrow / Lenders * Attest on time; publish corrections fast (revocation <24h SLA). ### Why this is better * **Integrity by design:** nobody gets paid until the right people say the right thing about the right documents. * **Faster closings:** automatic payoffs, taxes, fees, and seller proceeds when milestones hit. * **Less risk:** escrow leakage, deed fraud, and missing lien releases are blocked in code. * **Full visibility:** EDUSD shows who will be paid and how much—day one. * **Audit-ready:** every step is time-stamped, signed, and exportable.