Brickblock.io ICO IS OPEN!!! Very perspective project with a very cool marketing and team.
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.
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.