Lately i have seen many real estate ICOs , so as an investor i did some research on my latest discovery Brickblock. Lets start and see how this one is different from others:
Brickblock’s smart contract platform aims to offer an easy, secure, and transparent way to invest in real estate assets.
As staded in project whitepaper: " Brickblock is building a new blockchain-based solution for investing in exchange-traded funds (ETFs), real estate funds (REFs), passive coin-traded funds (CTFs) and active coin managed funds (CMFs). Through the effective use of smart contracts, order and issuing fees can be reduced to a fraction of traditional costs. This will make investing in Brickblock more financially inclusive across all income classes. Artificial geographical trading restrictions, including the need for a bank account, can thus be eliminated. Counterparty risk can be reduced to mere minutes. Furthermore, we are introducing a new system of passively managed cryptocurrency baskets, which reduces the risks and high fees of actively managed coin funds by using liquidity providers, incentivized by arbitrage effects. Our system is based on an underlying rule-based asset allocation rather than high-risk contracts for difference (CFDs). It uses the asset-first principle, which incentivizes asset vendors to deliver assets before getting paid, thus further reducing investor risk." Source https://www.brickblock.io/Brickblock_General_Whitepaper.pdf
How it works?
Brickblock introduces 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. Also Brickblock’s infrastructure will be implemented as a decentralized application (Dapp) and run on the Ethereum network so there will be no need for trust and all deals will ve stored in blockchain.
What i like the most is that this project already have working prototype of this platform which you can try out here: https://platform.brickblock.io
Speaking about project team, it looks solid with already more than 25 professional team members. Here you can see leadership team:
Also project team aims to release their smart contract platform for ETFs , somewhere between Q3/Q4 of 2018!
Another green sign for this project to me is partnerships with well known block-chain projects such ar 0xprotocol(ZRX) and EthLend(LEND).
So here are some Brickblocks ICO stats:
Source: https://icodrops.com/brickblock/
Brickblock ICO goal is $50,000,000 with 10% already sold in earlier stage. I think for such a large scale project it is appropriate and in mid-term (3-6 months) could make some good multiplications of initial investment.
As it looks for now, tokens will be unlocked 2-3 weeks after ICO which is very good, because i have seen many projects freeze their tokens for months, sometimes even years and after such a long time project may lose attention and value.
Please remember, that this is not an financial advice, so do your own research before investing. I hope you enjoyed my review and have a great day!
Also for those of you who can not afford to invest any funds, there is an airdrop of free BBK tokens going on right now. You can register here: https://airdrop.brickblock.io/r/gLUyLQtvUO5IfSusXK7YTqcRTKd44NQG
Thank you for your time!