BRICKBLOCK – THE FUTURE OF STOCK TRADING ON THE BLOCKCHAIN
We live in a world full of contrasts technology evolves at breathtaking speed yet our monetary system and financial services industry have failed to keep up with the accelerated pace. Traditional asset trading is a prime example of an industry that has been left behind. It's complex clearing and settlement take three days. It's extremely cost intensive due to the number of fees that need to be paid. It's exclusive due to artificial Geographic trading restrictions such as the need for a bank account. Crypto currencies on the other hand are easy to handle the fees are minimal and the barriers to trade are non-existent. However because of market volatility investors can see their portfolios dissipate within a matter of weeks. Plus the limited acceptance of digital currencies in the traditional economy leaves very little ways to diversify risk.
ABOUT BRICKBLOCK PROJECT
BrickBlock is a smart contract platform that allows you to sell and invest in encrypted assets (eg real estate) on blockchain. More specifically, BrickBlock allows sellers to encrypt real assets such as real estate and raise funds. When they do, there will be a smart deal for this property to be implemented. It will issue a separate PoA token for this property and the buyer will call the investor to buy this PoA token via ETH. This PoA Token will be profitable for investors in the future. In the process of implementing the above procedure, the parties holding the BBK token, a token representing BrickBlock, will be benefiting related.
BrickBlock is building a new blockchain-based solution to invest in exchange-traded funds (ETFs), real estate funds (REFs), passive coin-traded funds (CTFs) and managed funds by active coin managed funds (CMF). Through the effective use of smart contracts, transaction costs and orders can be reduced in part to traditional costs. In other words, Brickblock allows you to diversify your portfolio by using electronic money to buy assets and money in the real world.
Why Investors Need a Brickblock?
- Independent market: Brickblock is completely independent and opens up the best and safest investment opportunity.
- Share profits and reward investors automatically to the token owner through smart contracts.
- Low cost makes small scale investors and brokers have the opportunity to attract investment projects
- Global investment helps investors buy and sell a variety of assets directly from their own digital wallet.
- Investing is not limited to the minimum amount of investment that gives the investor the freedom to choose the investment that he or she wants.
Brickblock Investments really helps investors get involved in the financial investment ecosystem in a safe, profitable way they want, allocating portfolios to their own finances.
HOW IT WORKS?
Brickblock creates an easy way to protect your electronic money assets against volatility. The Brickblock platform allows you to convert electronic money into real-world assets with no overheads such as conventional trading platforms. To buy regular funds with electronic money, you will need to pay a fee by switching to cash and working through an alternative exchange. Brickblock believes they have made a better option.
Instead of waiting two to three days to switch to cash and then buy the property in a regular market, your transaction can be completed in a few minutes thanks to some confirmation on Blockchain by Ethereum. You do not need a bank account to participate in this platform.
Brokers and fund managers can list investment opportunities on the Brickblock platform. Each opportunity will be thoroughly verified by Brickblock before being listed. Brickblock will use things like proof of residency, credit report and criminal record check to verify the opportunity. Then, based on their personal risk / reward ratio, investors can choose their investments from the selection of Brickblock's available funds.
Brickblock emphasizes a transparent approach to trading. All fees, minimum investment pool, exchange rate, holding time, net asset value, dividends and coupon payment are clearly listed through this platform. Users can easily see the cost of everything.
BRICKBLOCK TOKEN
BrickBlock has 3 types of tokens: BBK token, token access (ACT) and Proof-of-Asset token (PoA). Tokens used in ICO campaigns are BBK tokens.
Token BBK
Token BBK is an ERC-20 token, a digital asset belonging to the BrickBlock platform. BBK Token has two states: Activated and Deactivated. In Active mode, BBK can generate ACT tokens, which can be traded for ETH. When disabled, this ability in BBK is no longer available. Token BBK whether active or has been invalid can trade on the current commercial floor. BBK will be listed on the exchange after the end of the final ICO period.
All BBK tokens are not sold, or in the case of BrickBlock earning a $ 50 million Hard Cap soon, will be destroyed at the end of the ICO.
Token Access ACT
BrickBlock charges 0.5% per transaction. This fee is paid by the Acess Token (ACT). An ACT will equal the value of 1 ETH. Token Access ACT as mentioned above, is generated from the BBK token. When you need to pay the cost, the smart deal of the property sends the ACT purchase order. Owners of Active Status BBKs receive a buy order that can sell ACT for ETH with a single click. BBK then created the ACT again. (ACT is not destroyed).
Example: A fully funded building for 20,000 ETH. Transaction fee of 0.5% in this case is 100 ETH. At this time, the building's smart contract will send the ACT purchase order corresponding to 100 ETH. Owners who have ACT (owning active BBKs that create ACT) will be able to trade for ETH.
Token Proof-of-Asset (PoA)
All assets sold through Smart Contract Platforms Brickblock publish their own PoA Token. Token PoA is sold throughout the property payment cycle and represents all economic interests of the owner. This means that the owner of the PoA Token is legally entitled to the profits of the underlying asset.
Example: A building sold for ETH 20,000. Intelligent contract deploys and issues PoA tokens to investors corresponding to the amount of money they have invested. Token PoA will generate passive income for anyone who holds them, paid periodically by ETH.
PoA tokens can be bought / sold / traded on the Brickblock (this floor is under development). Asset coding makes investing in assets easier and cheaper by eliminating geographical restrictions, unnecessary fees, and minimum amounts. Transactions can be made almost immediately, 24/7.
WHO BEHIND THE PROJECT?
The team behind BrickBlock project can be considered an advantage for the project. The team is relatively big compared to other startups and ICO projects and consists of experienced and skilled people. There are photos and LinkedIn accounts provided next to the members to prove that they are real people, as many suspicious projects refuse to showcase their members. Apart from developers, who take care of technical side of the project and developing the sole platform, there are people responsible for maintaining the contact with the community and potential investors, while the whole advertising side and marketing strategy is also in good hands. The following is the information of some key members. The rest of you can see more details at their official website:
Leadership team
Core team
Advisors
ICO INFORMATION
CONCLUSION
If you are seeking a promising ICO for investment purpose then you can participate in the BrickBlock ICO. The project is very well prepared from the technical and business side, with very extensive and transparent whitepapers and roadmap. BrickBlock received a very positive feedback from professional community and high rating from rating agencies. The project opens up a new business of stock trading on the blockchain that can not be done at the present time. This shows that the idea of the project is good and the project has great potential for future development. I will participate in this project to contribute to the development of the platform, I hope that the project will continue to grow. Join with me!
USEFULL LINKS
Website: https://www.brickblock.io/
Whitepaper: https://www.brickblock.io/Brickblock_Technical_Whitepaper.pdf
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=3345519.0
Facebook: https://www.facebook.com/brickblock.io/
Telegram: https://t.me/joinchat/AAAAAERj-_1p8AktrkESlQ
Twitter: https://twitter.com/brickblock_io
Blog: https://blog.brickblock.io/?_ga=2.125353674.1593488511.1526203682-1322394445.1526203682
Reddit: https://www.reddit.com/r/BrickBlock/
Github: https://github.com/brickblock-io
Author:
Bitcointalk username: kld_hp
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1014734