Review ICO : Brickblock – Asset Trading on the Blockchain

thomas26 (25)in #blockchain • 6 years ago

If you are reading this paper, you are likely to have some knowledge about cryptocurrencies. If not, you should do some small researches on Google to find out more about it. There are hundreds of articles and communities which will show you the way. You can head for some keywords such as ICO, Bitcoin (BTC), Ethereum (ETH) and plus more. If you already did your homework, I can now explain to you why this post is written. Nowadays, ICO market is just like the Wild West during the peak time of gold rush. If you know the way, earning good money is not some difficult, but you have to find a good-enough project to invest in. Here is one of the promising projects that I am extremely excited to tell you: Brickblock.

I. About Brickblock

Brickblock uses blockchain technology and smart contracts to simplify investing in brick & mortar assets, as well as crypto funds. The platform allows verified fund managers to list different types of tradable assets. Assets targeted include real estate funds (REFs), exchange-traded funds (ETFs), passive coin-traded funds (CTF) and active coin managed funds (CMFs). By cutting out middlemen, Brickblock significantly reduces the costs of investing, introduces a more streamlined process, and increases security.

II. Features Of Brickblock

Accessible – Brickblock enables people to invest in real-world assets around the world directly from their wallets. Users can invest in US or European real estate and stocks without geographical restrictions.

Low entry costs – Low entry costs allow small fund managers and investment brokers to attract investment opportunities.

Optimizing dividends – Dividends or coupons from investments are automatically transferred to token holders through self-executing smart contracts.

No minimum investment – Banks may charge high minimum fees. Brickblock enables users to get whole-sale prices with no minimum investment barrier.

III. Brickblock – How does it work?

The Brickblock ecosystem works by connecting users and fund managers while also applying a layer of digital trust. Human input is minimized by using self-executing smart contracts of ethereum and the system as a whole is faster and more secure.

Brickblock’s infrastructure will be implemented as a decentralized application (Dapp). Broker-dealers and fund managers will be able to list their investment opportunities on the platform. To get on the platform they have to be thoroughly verified by Brickblock through proof of residence, credit reports and criminal record reports. Based on their personal risk/reward ratio, investors can then select an investment from the offered funds to add to their diversified portfolio. All fees, minimum investment pools, exchange rates, holding periods, net asset values, dividends or coupon payments will be listed clearly and thus, can easily be compared.

IV. 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).

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.

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.