“Brick Block” — icoTokenReviews.com
icoTokenReviews about Brick Block:
Token BBK
Price in ICO 0.48 USD
Retail Price Post ICO 0.60 USD
Country Gibraltar
Platform Ethereum
Website https://www.brickblock.io/ (Please make changes in your sheet for website address).
Whitelist/KYC KYC & Whitelist
Token Sale 9th May to 16th May 2018(or once hard cap is reached)
Tokens for sale: 75,500,000
Soft cap 2,000,000 USD
Hard cap 50,000,000 USD
Max potential supply 320,000,000
Token Supply Breakdown Token Sale Contributors — 51%
Company Reserve — 35%
Bounty — 1%
Early Backers & Private Investors — 13%
WHAT IS THE PROJECT ABOUT?
• Brickblock helps cryptocurrency investors counterbalance price volatility by allowing them to directly purchase real-world assets — like ETFs and real estate funds — without needing to convert money into fiat.
• In other words, Brickblock lets you diversify your investment portfolio by using cryptocurrency to purchase real-world assets and funds.
• It uses smart contracts to handle micro as well as big investments thus offering lower fees and better prices than traditional banks. Users get an asset-backed token with a unique denomination after each investment.
IDEA:
• Brickblock introduces the first platform where users can seamlessly invest in real estate funds (REFs), exchange-traded funds (ETFs), passive coin-traded funds (CTF) and active coin managed funds (CMFs) through a streamlined process and with significantly lower costs than traditional investing
PROTOTYPE PRODUCT:
• Brickblock is a smart contract platform that allows you to invest cryptocurrency in real estate(https://platform.brickblock.io/).
ADVISOR PANEL:
• Naviin Kapoor
• Holger Schlünzen,
• Axel Von Goldbeck,
• Dr. Wolfgang Richter
WHITE PAPER HIGHLIGHTS:
• Each fund on the Brickblock platform has its own denomination and its own “proof-of-asset” (PoA) token which, via established token exchange platforms, can be traded simpler, faster and cheaper than on conventional stock markets
• Our asset-backed PoA tokens empower investors to hedge the risk of cryptocurrencies in real assets without needing to convert their cryptocurrency into a fiat currency.
• To ensure the safety of the underlying assets represented by the PoA token, a digital trust fund holds the exact same amount of fund shares as tokens issued. This securities account cannot be claimed by Brickblock, the broker or anyone else, and is protected by strict laws regarding trust funds, even in the case of bankruptcy. Only token holders may reclaim their fund shares, at any time.
• Broker-dealers and fund managers will be verified through e.g. proof of residence, credit reports, personal risk/reward ratio and criminal record.
• Brickblock will assist broker-dealers with a dedicated e-wallet application programming interface (API) solution.
• ADVANTAGES:
– By using the blockchain for clearing and settlement processes, Brickblock reduces counterparty risk exposure from multiple days to less than 1 minute, or more precisely: to the length of a few Ethereum block confirmations.
– It bypasses a number of third parties, such as clearing houses and retail brokers, due to which the fee associated with buying and selling real-world assets is getting reduced.
– Every fund manager has a direct liability to the investor, which is enforceable through legal action.
– Brickblock doesn’t require a bank account. You can invest without a bank account, and the blockchain does not discriminate between geographical restrictions.
– Modern clearing and settlement can take 2 to 3 days. Brickblock takes just a few minutes — the time it takes to clear a few Ethereum confirmations.
– The Brickblock platform is fully transparent. All movements will be trackable, and trader accounts have an API to track their performance.
• There are three types of tokens:
– Brickblock Tokens: These tokens will only be released during the contribution period in exchange for ETH and Bitcoin.
– Access Tokens: Broker-dealers and fund managers need access tokens to list their fund on the Brickblock platform and to pay market-determined Brickblock fees when REFs, ETFs, CMFs or CTFs are sold.
– Proof-of-Assets (PoA) Tokens: For ETFs and REFs, PoA tokens represent real-world assets in the form of securities.
HYPE SCORE
• 3/5 as per Icorating.com.
• It has 14k telegram users
• Currently had an airdrop
LONG TERM PROSPECTS:
• Brickblock will start with European REFs and subsequently extend into more locations.
• After the processes for REFs are established, they will further broaden the investment scope to also include real estate investment trusts (REITs) and real estate crowdfunding.
• The project plans to expand in China, South Korea and rest of Asia.
• It will end in 2019, post allowing Fiat currency funding for POA tokens
