In short, BrickBlock is a platform in which any holder of a cryptocurrency can quickly, easily, simple, safe and transparent way to invest in real estate and to receive dividends; investing in the ETF funds; to give their money to the traders who will trade in the cryptocurrency market; or the money to invest in a ready-made indexes cryptocurrency (crypto currency selected by certain criteria, such as top 10 most profitable cryptocurrency for the last month, or top 10 new cryptocurrency). Some delicious CoinDash, Satoshi Fund and Enigma Catalyst. Where, on the one hand, investors can safely invest in any funds that are present on the platform. On the other hand, brokers and funds can receive investors ' money, multiply it and get their commissions.
What problems are solved?
Due to the high volatility in the market, the only way to avoid losses is to quickly transfer the cryptocurrency to Fiat, which is extremely difficult to do quickly and cheaply during the price jumps down. Trading on existing exchanges in the world is very slow. A large number of high commissions and intermediaries in the investment process and restrictions on countries, regions and the amount of investment. Due to differences in legislation, investors from different countries cannot invest where they want. As a rule, brokers do not have any legal obligations to investors, and the second has to rely only on the honest word of the first.
Brickblock wants to make the first platform in which everyone will be able to invest cryptocurrency differentiating their risks without bringing cryptocurrency to Fiat. And thanks to smart contracts, the cost of investment is significantly reduced.
To date, when investing$ 100 in ETF, the Commission will be about$17. While on BrickBlock the Commission will be ~ 0.25$
On the BrickBlock platform, you can invest in:
Other cryptocurrencies, which selects a trusted trader CMF or in the box set of cryptocurrencies (index) CTF.
In the ETF of the whole world (stock market, stock market, gold, etc.) through a trusted broker (first will be added the most popular indices of the type S&P500, and then how to decide the community).
In the Ref real estate market, dividends from which will be credited directly to the Ether wallet
Advantages of the system over existing investment methods:
Accessibility (the system will work 24/7 unlike many exchanges).
Simplicity (for investment, you do not need to register a Bank account or transfer cryptocurrencies to Fiat, and you do not need to have a Bank account or be in a certain country or have a certain amount).
Speed (you can quickly transfer your cryptocurrency into a more liquid asset associated with real estate or trade indices, thus have time to zahedzhirovat cryptocurrencies at the time of the fall of the market).
Transparency (all accounts of brokers, traders, managers will be available for viewing by investors through the API).
How is the work on the platform going?
Instead of the invested ETH and BTC, the investor receives the Proof of Asset tokens, which confirm ownership of the ETF, real estate or other cryptocurrency index (similar to THE spies tokens from the Satoshi Fund, only more extended). All funds will be kept in the wallet of the trust Fund, which will be accessible only to token holders.
The scheme is as follows: you invest ETH and/or BTC in any Fund of brokers/traders – further under the smart contract you get a share in this Fund in the form of real estate assets, ETF assets or cryptocurrency assets-these shares, as in the safe, are sent for storage to a protected Trust Fund, and you are given the equivalent in Then you are constantly accrued profit from the assets and paid in the form of ETH. If you want to withdraw from the Fund, you can at any time exchange your tokens for ETH or BTC (asset exchange for cryptocurrency is automatic). Only token holders have access to the Trust Fund. Neither the company nor brokers with traders have access to the Fund.
More details can be found from the white paper, the site also provided technical whitepaper. I'll make a few points.:
All profits are automatically credited to the investor's wallet through smart contracts.
Low commissions allow even small investors to participate.
All investment applications, as well as traders and brokers themselves will first be checked by project experts, as well as special bodies for fraud. Brokers and traders sign agreements with the platform and are legally responsible for your money. Their proposals would then be assigned a degree of risk.
The investor will be able to choose cards with offers of traders and brokers and if the conditions suit him to invest in different offers.
You can exchange your tokens at any time.
In addition to the broadcast blockchain, our own blockchain will be used for additional verification of transactions for security.
First, the broker buys assets and only after confirming the presence of the broker's required assets there is an exchange of cryptocurrency for assets, and the issuance of tokens.
With regards to the team?
If you look at the team members-they have experience in the real estate sector, blockchain, worked with smrat-contracts, also in the financial sector, some were co-founders of venture funds. That is, Finance, real estate and blockchain are exactly what they have gathered on their platform, all of them have previous successful experience. They have a YouTube channel and you can watch their performances. Interestingly, the idea of the project they had in 2012, and all this time they have accumulated knowledge, experience, resources and now it is launched. At the end of 2017, they plan to launch the beta test of the platform.
It is worth noting that the project can be legally registered in the Canton of Switzerland and Singapore.
Pre-ICO starts on August 2 and will last for 5 days.
In total there will be 500 000 000 tokens and 2 phases of ICO. At the same time, all not sold tokens will be burned (this is important). Tokens will be used for storing and passively receiving Acces Tokens (which will be needed for operations on the platform and can be sold on the market). Tokens will be distributed within 2 weeks after the end of the ICO, which will last 4 weeks.
Summing up, we can say that the project is worthy of attention and can "blow up" the market of cryptocurrencies. BrickBlock allows investors to invest in the new cryptocurrency market safely, quickly and not spend time parsing different coins daveramsey successful traders and verified indexes. And also, if necessary, hedge your cryptocurrency in the real sector of the economy – sharing risks. Will make the process of investing in real estate, crypto-currency and ETFs are simple, safe, fast, transparent and profitable.
https://airdrop.brickblock.io/r/WejX16ffYXXOCHv8PYdyxgh17YXrFZ5s