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Brickblock - The Future of Asset Trading on the Blockchain

Saturday, May 12, 2018
BRICKBLOCK. This is a smart contract platform that allows the users to sell and invest in tokenized assets e.g. REFs and ETFs on blockchain. Brick block empowers people from all income to diversify their crypto portfolio with real-world assets like ETFs and REFs. The provision of the legal framework that directly links the assets with POA token enables the users to easily sell and buy the assets making it viable

What is Brickblock?
Brickblock is a cryptocurrency trading platform for stock trading that uses blockchain technology and is based on smart contracts (smart contracts) Ethereum. This platform is a perfect solution for trading cryptocurrency on blockchain that acts as connectivity and a bridge between real assets (real estate and ETFs) with cryptocurrency currencies. What ETFs mean is the Exchange Traded Fund, and assets classified as ETFs are stock, bond, commodities (gold and silver) and foreign currency.


About Brickblock

Why did Brickblock make this platfrom?
As mentioned above, there are many problems with cryptocurrency market and stock market. During this time many people who want to invest in ETF (Exchange Trade Fund) like stock/stock and real estate because this type of investment is very promising profit is quite high and with a smaller volatility of the crypto market. As we know to invest in this type of investment requires a sizeable capital. But besides that, there are also many other costs that are put on during investing in ETFs and real estate. Just an example if we invest $ 100 then it will be unprofitable because many fees are charged. Even if we invest $ 10,000 with $ 100, the investment cost in the investment of $ 100 even the percentage is greater than the $ 10,000, so that can invest in stock and real estate only large investors, while for those who have small capital will very difficult to get profit because of the many investment costs. Due to the many shortcomings and problems in ETF and real estate trade where there are many such costs and the high volatility of the price of cryptocurrency, Brickblock aims to be a bridge between the two to reduce those risks. In other words, Brickblock allows us to diversify our investment portfolio by using cryptocurrency to buy real assets (ETFs and real estate).

What are the issues that need to be solved and what is the purpose of Brickblock?

As described above, if investments in cryptocurrency and in real estate each have some disadvantages and risks, to reduce the risk of this type of investment Brickblock wants to invest into these two types of investment so that investors from the bottom to the top can get a profit. Prior to Brickblock’s goal, first let us discuss the problems that exist in cryptocurrency and ETF. For cryptocurrency as described above, the problem is the extreme price volatility, in a month can rise 10-fold, but can also return to extremes again to the original price, so many investors are at a disadvantage and to benefit from high volatility of course by selling at the time of the highest price to the fiat currency. While the “Conventional Stock Trading” problem is the existence of high costs such as: Trading fees, broker assistance costs, account maintenance fees, account transfer fees, sales fees and commission fees at various stages is the standard cost to be considered and which in wear when buying a real asset through a retail broker.

Brickblock is a project with the goal of building a platform for connecting cryptocurrencies with real assets around the world unhindered and transparently. Users are given the opportunity to invest from crypto into real assets such as ETF and Real Estate with regular dividend payouts. In addition, Crypto Funds offers diversification in many cryptocurrencies with just one transaction. Inside the Brickblock platform, there will be a Proof of Asset Token (POA), this POA serves as a proof of ownership of our assets in the platform, this asset is the proof of ownership of ETF (Exchange Traded Fund) assets, real estate, and Coin Fund.

HOW BRICKBLOCK WORKS

Brickblock enables users to invest in several traded assets irrespective of the size of their investment portfolio. 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. The tokens are easily tradable on cryptocurrency exchanges than on stock markets. Assets are also redeemable from the Digital Trust at any time.

Technology used by brickblock

Brickblock will set up a parent smart contract, which will allow creating all further contacts between fund managers and investors. Our vision is that one-day Brickblock just verifies the fund manager and gives him an access code to set certain parameters. The fund manager will then be able to set up his own affiliated smart contracts. These smart contracts will be automatically included into the DApp. The user will be able to verify the affiliated smart contracts, by just comparing the checksum of the parent smart contract. Therefore, all smart contracts are verifiable and trackable from one address.

How many tokens will be distributed?

There will be 500.000.000 Brickblock Tokens (BBT) in total. Of these:
  • 51% will be distributed within these two phases
  • 35% will be in company lockdown for at least three years
  • 14% will be distributed to early backers, the bounty program, and founders
When will the contribution period start?

We divided the contribution period into two phases. The first one will start on August 2nd, 2017 and last for five days. Each day the number of Brickblock Tokens (BBT) will be reduced by 25 BBT per Ether (ETH). The second phase will last four weeks and start in late September or early October.

1. Phase — Brickblock Distribution Schedule:
  • August 2nd: 1 ETH= 1000 Brickblock Tokens
  • August 3rd: 1 ETH= 975 Brickblock Tokens
  • August 4th: 1 ETH= 950 Brickblock Tokens
  • August 5th: 1 ETH= 925 Brickblock Tokens
  • August 6th: 1 ETH= 900 Brickblock Tokens
This will give just enough resources to prepare for the second run. Following the first phase, we will have a greater focus on community work, and we will put more emphasis on making Brickblock more understandable to the non-financial and non-technical public.

2. Phase: Brickblock Token Schedule:
  • 1. week — 800 Tokens per 1 ETH
  • 2. week — 775 Tokens per 1 ETH
  • 3. week — 750 Tokens per 1 ETH
  • 4. week — 725 Tokens per 1 ETH
The raised contribution will allow us to succeed against competitors from the old economy and be fast and flexible enough to sit together with regulators to develop legally compliant solutions which enable people to trade crypto and real-world assets and positively influence public opinion on the crypto-world.

After the four weeks of distribution, all remaining unsold tokens (that are made available to contributors in the token sale) will be burned.

In which currency can you contribute?

ETH, BTC, LTC. We will evaluate further options.

Previous Brickblock has successfully raked in the amount of $ 1 million in presale.
  • Name Token: Brickblock
  • Symbol Token: BBT
  • Price : 0.6 USD/ Token
  • Purchase: ETH
  • Type Token: ERC20
  • Start ICO: 31 Oktober 2017
steps in purchasing BBT tokens during ico
  • Create an Ethereum wallet that supports the token ERC20, one of MyEtherWallet.
  • Fill MyEtherWallet balance with Ethereum.
  • Next, visit the Brickblock website and enter the email and click Buy Brickblock, then follow the step-step.
  • Send ETH from MyEtherWallet to Ethereum Brickblock address, use specified gas limit.
  • After that paste the hash transaction.\

Features

Brickblock enables users to invest in several traded assets irrespective of the size of their investment portfolio. 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. The tokens are easily tradable on cryptocurrency exchanges than on stock markets. Assets are also redeemable from the Digital Trust at any time.



For more information on ICO Brickblock please visit:
Link profile
ETH: 0x1521E5141545090bc80FaFA7c2a5f4b75221c845

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