{
	"schemaVersion": 2,
	"brand": "GZ Constellation",
	"network": "Stellar",
	"tokens": {
		"gzc": {
			"code": "GZC",
			"issuer": "GCGZCF3IK52DJ6JAFAMDQUGSSTFXNCCLZI5YL2WQZ4SJ4B66T4FRIGZC",
			"unit": {
				"value": 0.01,
				"asset": "usable living area",
				"assetUnit": "square_meters",
				"statement": "1 GZC represents 0.01 m² of usable living area"
			},
			"anchorAsset": "Modular movable residential units",
			"targetIssuePrice": {
				"value": 13,
				"code": "EURGZC"
			},
			"eligibility": {
				"minimumHolding": 10,
				"holdingToken": "GZC",
				"payoutToken": "EURGZC"
			},
			"targets": {
				"rentalIncomeApy": 0.11,
				"assetGrowthMin": 0.06,
				"assetGrowthMax": 0.12,
				"totalReturnMin": 0.17,
				"totalReturnMax": 0.23
			}
		},
		"eurgzc": {
			"code": "EURGZC",
			"unit": {
				"value": 1,
				"asset": "EURGZC ecosystem stablecoin",
				"assetUnit": "EURGZC"
			},
			"usage": "Daily rental-income payouts to eligible GZC holders"
		}
	},
	"formulas": {
		"houseArea": "livingArea + terraceArea / 2",
		"tokenSupply": "ceil(sum(houseArea) * 100)"
	},
	"portfolio": {
		"source": "/raw/map.json",
		"totalTokenizedAssets": 8,
		"totalTokenizedArea": 393.1065,
		"totalTokenizedGzcSupply": 39311,
		"countries": 2,
		"cities": 2,
		"villages": 2
	},
	"blockchainAnalytics": {
		"schemaVersion": 1,
		"source": "stellar_horizon_snapshot",
		"capturedAt": "2026-07-09T15:58:13Z",
		"network": "Stellar public network",
		"methodology": {
			"payouts": "Outgoing EURGZC payment operations from the GZC issuer account to non-issuer accounts.",
			"price": "GZC/EURGZC Stellar DEX trades where GZC is the base asset and EURGZC is the counter asset."
		},
		"payouts": {
			"assetCode": "EURGZC",
			"assetIssuer": "GCGZCF3IK52DJ6JAFAMDQUGSSTFXNCCLZI5YL2WQZ4SJ4B66T4FRIGZC",
			"sourceAccount": "GCGZCF3IK52DJ6JAFAMDQUGSSTFXNCCLZI5YL2WQZ4SJ4B66T4FRIGZC",
			"operationCount": 9768,
			"totalAmount": 31040.8649234,
			"uniqueRecipients": 32,
			"firstPaymentAt": "2025-05-16T06:00:12Z",
			"lastPaymentAt": "2026-07-09T07:01:04Z",
			"scannedRecords": 10750,
			"scannedPages": 54,
			"byMonth": [
				{
					"month": "2025-05",
					"amount": 615.7544206,
					"count": 208
				},
				{
					"month": "2025-06",
					"amount": 1154.7394364,
					"count": 415
				},
				{
					"month": "2025-07",
					"amount": 1619.4011288,
					"count": 514
				},
				{
					"month": "2025-08",
					"amount": 1721.7215897,
					"count": 554
				},
				{
					"month": "2025-09",
					"amount": 1666.1962143,
					"count": 540
				},
				{
					"month": "2025-10",
					"amount": 1721.7360919,
					"count": 558
				},
				{
					"month": "2025-11",
					"amount": 2036.3192331,
					"count": 557
				},
				{
					"month": "2025-12",
					"amount": 2242.7532769,
					"count": 686
				},
				{
					"month": "2026-01",
					"amount": 2230.501752,
					"count": 736
				},
				{
					"month": "2026-02",
					"amount": 2512.4402634,
					"count": 737
				},
				{
					"month": "2026-03",
					"amount": 2933.461989,
					"count": 937
				},
				{
					"month": "2026-04",
					"amount": 3037.2245048,
					"count": 985
				},
				{
					"month": "2026-05",
					"amount": 3138.4196002,
					"count": 1025
				},
				{
					"month": "2026-06",
					"amount": 3033.3604859,
					"count": 1005
				},
				{
					"month": "2026-07",
					"amount": 1376.8349364,
					"count": 311
				}
			]
		},
		"priceChange": {
			"pair": "GZC / EURGZC",
			"fromPrice": 12,
			"toPrice": 13,
			"changeAmount": 1,
			"changePercent": 8.3333333333,
			"publicOfferEffectiveDate": "2026-03-27",
			"last12TradeAt": "2026-03-26T16:42:15Z",
			"first13TradeAt": "2026-03-27T15:32:31Z"
		},
		"trades": {
			"pair": "GZC / EURGZC",
			"tradeCount": 1084,
			"totalGzcAmount": 611.5456303,
			"totalEurgzcAmount": 7617.8674049,
			"weightedAveragePrice": 12.45674407,
			"firstTradeAt": "2025-06-01T11:07:16Z",
			"lastTradeAt": "2026-07-09T07:50:36Z",
			"scannedPages": 6,
			"priceBuckets": [
				{
					"price": 12,
					"count": 422
				},
				{
					"price": 12.0000048,
					"count": 1
				},
				{
					"price": 12.9999961,
					"count": 3
				},
				{
					"price": 13,
					"count": 658
				}
			],
			"byMonth": [
				{
					"month": "2025-06",
					"count": 24,
					"gzc": 13.6329137,
					"eurgzc": 163.5949646,
					"weightedPrice": 12.00000001
				},
				{
					"month": "2025-07",
					"count": 22,
					"gzc": 21.3049736,
					"eurgzc": 255.659684,
					"weightedPrice": 12.00000004
				},
				{
					"month": "2025-08",
					"count": 12,
					"gzc": 10.4265182,
					"eurgzc": 125.1182192,
					"weightedPrice": 12.00000008
				},
				{
					"month": "2025-09",
					"count": 20,
					"gzc": 21.3930094,
					"eurgzc": 256.7161128,
					"weightedPrice": 12
				},
				{
					"month": "2025-10",
					"count": 35,
					"gzc": 32.2984831,
					"eurgzc": 387.5817974,
					"weightedPrice": 12.00000001
				},
				{
					"month": "2025-11",
					"count": 33,
					"gzc": 30.279805,
					"eurgzc": 363.3576606,
					"weightedPrice": 12.00000002
				},
				{
					"month": "2025-12",
					"count": 45,
					"gzc": 33.6589575,
					"eurgzc": 403.9075007,
					"weightedPrice": 12.00000032
				},
				{
					"month": "2026-01",
					"count": 40,
					"gzc": 39.9365737,
					"eurgzc": 479.2388878,
					"weightedPrice": 12.00000009
				},
				{
					"month": "2026-02",
					"count": 59,
					"gzc": 77.19485,
					"eurgzc": 926.3382001,
					"weightedPrice": 12
				},
				{
					"month": "2026-03",
					"count": 145,
					"gzc": 64.4844354,
					"eurgzc": 786.1976584,
					"weightedPrice": 12.19205307
				},
				{
					"month": "2026-04",
					"count": 195,
					"gzc": 115.7989335,
					"eurgzc": 1505.3862268,
					"weightedPrice": 13.00000079
				},
				{
					"month": "2026-05",
					"count": 168,
					"gzc": 46.0760143,
					"eurgzc": 598.9882625,
					"weightedPrice": 13.00000166
				},
				{
					"month": "2026-06",
					"count": 126,
					"gzc": 43.2772473,
					"eurgzc": 562.6042595,
					"weightedPrice": 13.00000103
				},
				{
					"month": "2026-07",
					"count": 160,
					"gzc": 61.7829156,
					"eurgzc": 803.1779705,
					"weightedPrice": 13.0000011
				}
			]
		}
	},
	"accounts": {
		"issuer": "GCGZCF3IK52DJ6JAFAMDQUGSSTFXNCCLZI5YL2WQZ4SJ4B66T4FRIGZC",
		"reserve": "GCAT7DDPFYEX3DL4NMQFOPGK5SUBKLRBXD5UQOLP2YL3TVTFMCXYCLAN",
		"reserveSupplemental": "GCGZR6WMMN354WRCHQOTRYL7SEOZN7XCCGKWYVD4Y2M5J33NCOBGSGZC",
		"fourStonesFoundation": "GCSD2TEW6MLJ3POEL5PE6CUAWDVLOLWZRGD4KR6VYQJM5D7RFJKSFFSF"
	},
	"links": {
		"proofOfReserve": "/proof-of-reserve/",
		"mapJson": "/raw/map.json",
		"liquidity": "/liquidity-pools/",
		"stellarToml": "/.well-known/stellar.toml"
	},
	"disclaimer": "Return percentages are targets, not guaranteed returns. Property registry values are public portfolio disclosure data, not a third-party audit."
}