About
**Areal Finance** plans to acquire and develop real-world businesses and other assets with the potential to generate income. The model centres on one token, **ARL**, and community governance through **Futarchy**.
### Operating model
Portfolio income available after expenses and obligations may support three activities, under community-approved rules:
- **Grow the portfolio.** Reinvest in acquiring and developing businesses and other assets.
- **Buy back ARL.** Purchase tokens on the open market and hold them in the treasury for potential over-the-counter (OTC) sales.
- **Burn ARL.** Burn an approved portion of repurchased tokens, reducing total supply by the amount burned.
### Buybacks and OTC sales
Buybacks are planned to be automated within approved budgets and parameters. ARL allocated to potential OTC sales remains in the **project treasury** until a transaction is approved and completed.
**Every OTC sale requires a separate proposal** specifying the token amount, price, transaction terms, and intended use of proceeds. The proposal is evaluated through a Futarchy decision market.
If approved, the sale may proceed on those terms. Proceeds enter the treasury and are used **for the purpose stated in the approved proposal**. Changing that purpose requires a new decision through Futarchy.
An OTC sale may be priced above the original buyback price, subject to market conditions, counterparty agreement, and proposal approval. Sale prices, volumes, and timing are not guaranteed.
### Community governance
The project operates under Futarchy. **Anyone may submit a proposal.** Every project decision goes through a proposal, with outcomes determined by markets for its approval and rejection under Futarchy rules.
This covers portfolio development, buyback budgets, OTC terms, burn allocations, and the use of treasury funds.
### About ARL
ARL is intended to be the project's single **governance and utility token**. Under the planned model, it does not confer equity, shareholder rights, ownership of assets, dividends, or direct entitlement to project income. Asset redemption and mandatory repurchases at a holder's request are not provided for.
*The asset and token mechanisms described here are planned. Returns, price appreciation, liquidity, and recovery of funds are not guaranteed. ARL may decline in value. Token labels and transaction mechanisms do not, by themselves, determine its legal status.*