What the forensic review found
An access/voucher right, not ownership of water: each token is designed to issue one DROP voucher per year for 150 years from 1 January 2027 - future promised delivery, not demonstrated operation.
This asset was researched forensically under the FORA-01 protocol — a review of issuer terms, custodians, audits, and liabilities — rather than through the whitepaper process.
Primary sources
- https://storage.googleapis.com/exponential-science-project1.appspot.com/W150_Whitepaper__Published_20250725__1760534973190.pdf
- https://www.ainvest.com/news/water150-micar-compliant-token-regulated-rwa-324-year-hydration-project-2509/
- https://www.themarcomjournal.com/article/836118574-150-years-of-water-secured-in-a-single-token-water150-releases-its-whitepaper-in-accordance-with-mica-regulations
Research status
Classification: Forensic dossier · Reviewed · The links above are the reviewed evidence.