How do Brickblock tokens (BBK) work?

There are three tokens in the Brickblock ecosystem. While this might seem confusing, it’s actually quite simple to understand the role each token plays.

The three tokens are:

• Brickblock tokens (BBK)
• Access tokens (ACT)
• Proof-of-Asset tokens (PoA)

This article will explain everything you need to know about Brickblock tokens (BBK) and Access Tokens (ACT).

Summary

Brickblock tokens (BBK) are only sold during the ICO. BBK can be activated or deactivated on Brickblock. Activated tokens automatically generate Access tokens (ACT), which can be sold for Ether. Deactivated tokens can be traded on exchanges.

Activated or Traded

BBK can be activated to generate Access tokens (ACT) or deactivated and traded on exchanges.

1. Activated

Activated BBK generate Access tokens (ACT), which can be sold for ETH. Brickblock tokens can be activated or deactivated with just one click. Activated BBK continue to generate ACT until they are deactivated (they are not burned). Deactivated tokens will not generate ACT, but can be traded.

2. Deactivated — Tradable on exchanges

Like all ERC20 tokens, BBK can be traded on exchanges. BBK will be listed on exchanges after the conclusion of our final ICO period.

Sell your ACT for Ether (ETH)

Brickblock charges a 0.5% transaction fee for every transaction. This fee is paid in Access tokens (ACT) and distributed to Brickblock token (BBK) holders who have activated their tokens. 1000 ACT will be equal to the value of 1 ETH.

The BBK smart contract automatically generates ACT to pay for transaction fees. BBK holders who have activated their tokens receive the ACT, which they can sell to Brickblock for ETH. This is done with just one click.

Example: A building is fully funded for 20,000 ETH on Brickblock’s smart contract platform. 100,000 ACT (which equals 100 ETH) is automatically generated by activated BBK tokens to pay for the 0.5% fee. The BBK token holders whose tokens generate the ACT can then sell their ACT to Brickblock for a payout in ETH.

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