2.6 Receiving Wallet
2.6.1 What is the Receiving Wallet?
The Receiving Wallet is a critical blockchain address where all investor funds for a specific unit are collected. Once configured, this wallet becomes the single point of entry for all on-chain financial transactions related to that unit.
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Losing access to this wallet means losing access to all incoming investor funds. It is crucial to securely store and manage this wallet’s private keys and backup information.
All investor payments (e.g., when purchasing tokens or making other on-chain contributions) are sent directly to this wallet. The wallet serves as the central treasury for the specific real estate unit.
Only one receiving wallet can be set per unit to ensure clear fund routing and compliance.
2.6.2 When is the Receiving Wallet added?
The Receiving Wallet is added to the unit after the smart contract is published on the blockchain. At this point, the system will allow you to specify and lock in the receiving wallet address.
2.6.3 Best Practices for Receiving Wallet Management
- Choose a wallet provider or setup that offers strong security controls, including multi-signature or hardware wallet options.
- Limit and strictly control access to private keys.
- Maintain secure backups of wallet credentials in multiple safe locations.
- Assign responsibility for wallet security to a trusted role within your organization.