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Introduction - How does Brickblock work?
At present, the crypto-economy is possibly one of the most volatile economies. Investors can make 10x gains in one month only to lose it all the next month. Thus far, there have only been a limited number of ways to diversify crypto-portfolios to mitigate these risks. Real diversification, across multiple asset classes, is essential for a well-balanced portfolio.
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.
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. All dividends and coupons are automatically transferred to token-holders through self-executing smart contracts
on the Ethereum network. The content of the smart contract and the PoA token itself is unalterable, cryptographically secured and visible to everyone on the blockchain.
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.
Brickblock’s infrastructure will be implemented as a decentralized application (Dapp) and run on the Ethereum network. Broker-dealers and fund managers
will be able to list their investment opportunities on the platform, after being thoroughly verified by Brickblock through e.g. proof of residence, credit reports and criminal record. 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. All investment opportunities
will be carefully validated and audited by independent parties (such as EY [1]) to eliminate fraud.
Conclusion and Vision
Brickblock is an inclusive investment platform that empowers people from all income classes to diversify their crypto-portfolio with real-world assets like ETFs and REFs. We will provide legal frameworks to directly link these assets to our PoA tokens. Furthermore, Brickblock will lead the development of passively managed CTFs, as well as offer actively managed CMFs. At Brickblock, we strongly believe that digital currencies are the future. The monetary system and the financial services industry are extremely old-fashioned and ripe for disruption. It still takes 5 days for an international money transfer to crawl through the SWIFT network, originally created in 1973 , and it still takes 2 days to complete clearing and settlement processes of asset-transfers. Present technology is far more advanced than the heavily outdated regulatory frameworks of sluggish banks. Various members of the Brickblock team have spent several years working professionally in conventional asset management and understand the processes and issues of trading and settlement. The asset management and global custody ecosystem is highly complex, extremely cost intensive in a multitude of ways (execution, reconciliation, allocation settlement etc.) and exceptionally exclusive. Our mission is to change that. We believe that by including more people in the global economy and enabling them to invest their money however they like, everyone will win: investors will pay significantly lower fees, have more options to hedge volatility and risks that accompany the digital economy and bypass unfair local jurisdictions. Furthermore, trusted brokers/dealers and fund managers will obtain an entirely new group of financiers, and underfinanced companies and industries will gain access to new capital. Incumbent banks neither have the ability nor the incentive to free themselves from the burden of the status quo. They lack vision. Any attempt to innovate would meet with disapproval from the board. So it is up to us, the crypto-community, to use the aspiring blockchain technology to eliminate the faults of the old economy and to develop tools which make it simple, affordable and safe to access the instruments currently reserved for the financial class. It is up to us, to create a system that gives everyone access to real-world assets and to participate in profiting from global economic progress. No matter where and no matter if you have a bank account or not. It is up to us, to make trading, clearing and settlement with any kind of assets as easy and secure as transferring a bitcoin. If you are interested in shaping the future of investing with us: We are always looking for talented people to help us in making the crypto-world better, safer and more inclusive. Get in touch.
WHY BRICKBLOCK?
Tokenization Benefits
Tokenization revolutionizes investing through fast settlement times with low fees and without geographic restrictions, minimum amounts, or counterparty risk. Get instant liquidity without the need for middlemen.
Brickblock Exchange
Brickblock is building the world’s first decentralized asset-backed token exchange. The exchange will be built on the 0x protocol and feature a FIAT payment gateway.
Brickblock Fund Brickblock offers an actively managed fund of crypto and real-world assets. This fund specializes in trading asset-backed tokens. Please contact us if you are interested in participating.
TOKEN DETAILS
Symbol: BBK
Hard cap: $50 million USD
Max potential supply: 320,000,000 BBK
Max circulating supply: 145,500,000 BBK
Tokens for sale: 75,500,000 BBK
Token price: $0.60 USD
Technical specifications: ERC20 token
Decimals: 18
Token sale date: May 9th
Token sale time: 13:00 UTC
Sale duration: 7 days (or once hard cap is reached)
TOKEN SUPPLY BREAKDOWN
A maximum total of 500,000,000 BBK will be minted, of which:
roadmap
MEET THE TEAM
CORE TEAM
ACTIVE ADVISORS
AMBASSADORS
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