Definition of EVAT

EVAT (EnrgiX Vehicle Asset Token) is EnrgiX’s first real-world asset (RWA) product to be implemented. It is an innovative solution that maps physical electric vehicle assets onto the Solana blockchain in the form of NFTs. Each EVAT is anchored to a real, traceable electric vehicle and a user (rider) with genuine demand. Ownership, income rights, and operational processes are all governed by smart contracts, enabling fully automated collaboration for fundraising, asset allocation, revenue distribution, and governance incentives.

The choice of electric vehicles as the foundational RWA asset is deliberate. EVs naturally exist at the intersection of energy and mobility, offering highly traceable data, a stable cash flow structure, and a business model based on installment payments. They are EnrgiX’s most common type of green energy device, already validated by the market, and in high demand across developing regions worldwide. This wide applicability and proven business model make them especially suitable for on-chain asset registration, revenue management, and risk control through smart contracts.

In emerging markets, electric vehicles are not only key to promoting green mobility and reducing carbon emissions, but also serve as productivity tools—often just out of reach for hardworking, low-income populations. EVAT is designed to leverage blockchain and RWA technology to break down the barriers of heavy asset investment, traditionally limited to large capital, into digital, liquid, and transparently accessible shares. This allows Web3 users around the world to become participants in the energy network.

The core business model of EVAT is to channel on-chain capital liquidity and the automation of smart contracts directly into the procurement and operation of energy assets. When investors subscribe to EVAT, their funds are used to purchase and deploy electric vehicles. Once delivered, qualified operators (such as riders or local operators) sign usage agreements, and the resulting revenue is automatically distributed according to contract rules. All key data—including asset status, repayments, and dividends—is synchronized to the blockchain in real time, allowing investors to monitor asset performance and repayment progress at any time. In addition to stable USDT returns, investors also receive EnrgiX platform utility tokens (EP), which currently can only be minted through this and one other method.

EVAT is not merely a financial innovation. It is EnrgiX’s first systematic practice combining blockchain technology, energy asset RWA, and social value for sustainability. It paves the way for the digitalization, networking, and globalization of more energy asset types in the future. Through EVAT, we are committed to building a new bridge connecting global capital, Web3 innovation, and grassroots workers—bringing green mobility, inclusive finance, and dignity to more communities.