Until recently, real estate was a closed market - small investors have pushed away because of the numerous obstacles that were designed to keep this prosperous industry within strict control. However, blockchain can decentralise this investment area and open the door for a multitude of cryptocurrency holders.
Discover Brickblock - a live working platform that promises to open the real world assets market to all investors. This project operates through the tokenisation of assets and benefits - this way, it changes the current paradigm that governs this industry: everyone gains access to this new market (regardless of the amount they choose to invest), enjoys lower fees, reduced settlement times and obtain quicker liquidity. All, without the obligation of dealing with intermediaries.
Brickblock - more than a concept
Unlike other ICOs that are promoted nowadays, Brickblock is backed up by more than a website and a whitepaper: it already has a working product that has been developed on strong legal and technical proofs of concept. How so? Brickblock got its smart contracts approved by ConsenSys Diligence; it already requested regulatory approval in the EU; moreover, succeeded in having a private tokenized real estate sale since December of last year.
The BBK token - facts and numbers
The token is designed to operate as an ERC20 token; its price is set at $0.60 (a total number of 75,500,000 BBK tokens will be available for purchase).
Tokens will be sold starting with May 9, at 13:00 UTC. This represents the third stage of the ICO - all funds will be directed towards expanding the portfolio of assets and final execution of the Brickblock product.
The sale will be open for a maximum of 7 days or until the hard cap is reached ($50 million).
Tokens purchased during the ICO can be activated (to generate profit during transactions) or traded 51% of all minted tokens (the maximum limit is set at 500,000,000 BBK) will be made available to the token sale participants, 35% represents the company reserver, 13% will be directed towards early backers and private investors, 1% is put aside as bounty.
Understanding the future milestones of the project
In 2018, the Brickblock tokens will be tradable on exchanges; partnerships with global real estate companies and investments funds will be made. Also, the first sale of a tokenised investment fund will take place.
In the first quarter of 2019, Brickblock aims to build the ecosystem for coin funds and thus enable investment with Bitcoin and several other significant cryptocurrencies of the moment. During the second quarter, Brickblock will make public the first exchange for asset-backed tokens; at this moment, the platform will also permit investors from the U.S.A. to join. In Q3 of 2019, Brickblock will enable FIAT currency to be used for funding (through its exchange).
The team estimates that more than $100 million will be processed through the tokenised investments. Finally, during the last quarter of the year, the platform will accept FIAT currency funding for PoA tokens; Brickblock will move to the Asian markets.
To take part in the Airdrop, go now directly to https://airdrop.brickblock.io/ - register using your social media accounts (or email) and you’re ready to go! The official Brickblock website will also allow individuals to test the live platform and learn more about the real estate market and the technical details that make this project attractive.