Block66 ICO Review: Strength and Opportunity

Introduction

Block66 introduces the first platform where lenders can access a marketplace of vetted borrowers looking for mortgage finance. This marketplace is public, transparent, and highly automated, so lending is streamlined, with lower costs, and lower risks. The upcoming network is a matchmaker connecting borrowers with lenders. No longer will prospective homeowners be solely reliant upon local banks and credit unions. Block66 is a platform currently building a new blockchain-enabled marketplace for mortgages. Institutional and private lenders can use the service to offer loans to a wide range of borrowers, introduced by Block66 broker partners. Through the practical use of smart contracts, loans can be taken from origination to facilitation, quickly and efficiently.

Block66 infrastructure will be implemented as a decentralized application (dApp), and run on the Ethereum network. Brokers will be able to list clients as lending opportunities on the platform, after being thoroughly vetted by Block66 through proof of residence, credit reports, license verification, and criminal record checks. Proprietary software, as well as a network of partners, will be used for this purpose. Based on a personal risk/reward ratio, lenders can then select an investment from the offered mortgages to add to their portfolio.

Block66 introduces the first platform where lenders can access a marketplace of vetted borrowers looking for mortgage finance. This marketplace is public, transparent, and highly automated, so lending is streamlined, with lower costs, and lower risks. Each loan is represented as a pool of “proof of loan” (PoL) tokens that can be individually resold to investors, providing lenders with liquidity, and empowering a diverse pool of investors.

Mission of Block66 ICO

Block66 is on a mission to shake up the mortgage lending landscape by building the world’s first blockchain enabled mortgage lending network. The network will span borders, connecting private and institutional lenders with borrowers worldwide. All mortgages will be issued and managed on the blockchain.

Team

Block66 is on a mission to shake up the mortgage lending landscape by building the world’s first blockchain enabled mortgage lending network. The network will span borders, connecting private and institutional lenders with borrowers worldwide. All mortgages will be issued and managed on the blockchain.

• Joe Markham (CEO & Co-Founder), Startup experience across mobile technology, app development and software sales. Named one of Canada’s Top Newcomers to the Canadian Mortgage Industry in 2015.
• James Tuckett (CPO & Co-Founder), Previously founder of peer-2-peer specific online brokerage investUP.co as CEO / CPO. Product lead at Point with clients ranging from Deutsche Bank to Lloyds of London.
• Kam Mieczakowski (COO & Co-Founder), 2x founder, Head of Business Operations and Product @ Mosaic Ventures (London-based VC), Head of Sales Operations @ MarketInvoice (peer-2-peer business lending).
• Gabriel Nicola (Senior Developer), Previously project lead at Assetz Capital. 6+ years web development experience.

Token Details

• Token B66
• PreICO Price 1 B66 = 0.10 USD
• Price 1 B66 = 0.15 USD
• Platform Ethereum
• Accepting ETH
• Soft cap 3,000,000 USD
• Hard cap 20,750,000 USD
• Country Singapore
• Whitelist/KYC KYC
• Restricted areas USA, Canada, China, Iran, North Korea

Roadmap

• Q1 2017 : INCEPTION, Block66 is conceived. Work begins on drafting the whitepaper and contact is made with some early advisors and team members.
• Q4 2017 : WORK BEGINS, Planning work begins on the Block66 platform. User journeys and operating flows are designed for the matching engine.
• Q2 2018 : TOKEN GENERATION EVENT (TGE), TGE launch planned for end of June. Office build out begins. Wireframing and prototypes of platform produced.
• Q3 2018 : DESIGN AND DISTRIBUTION PHASE, Ramp up marketing and business development efforts. Form “Block66 Alliance” of customers. Move aggressively into product planning and design.
• Q4 2018 : BUILD PHASE, Alpha testing phase with first customers using the platform. First “Block66 Alliance” report.
• Q1 2019 : RELEASE PHASE I, MVP Launch, with first batch of on-chain loans funded and distributed via the network.
• Q3 2019 : RELEASE PHASE II, Loan tokenisation. Network users can trade on-chain securities on a fractional basis, with smart contracts ensuring that loan repayments are distributed to all token holders.

Block66 Unique

• Summary, The mechanics involve an interplay of tokens, all of which implement the ERC20 token standard. Every B66 token represents a portion of the network and captures its value.
• Block66 Tokens (B66), Block66 Token (B66) is used to produce Block66 Network Tokens (BNET). As with B66 held by Block66 [company] holders who activate their B66 will begin generating BNET which can be sold to other platform participants.
• Block66 Network Tokens (BNET), BNET tokens are used to pay for services on the Block66 network. BNET are produced and purchased by the network users at the point of transacting on the Block66 system.

Conclusion

Proven all star team with members that have extensive experience in the space, combined with people that are well versed in the blockchain technology. They are attacking a market that is ripe for disruption. I am honestly surprised that no one has done this yet. The team is uprooting the entire mortgage industry, replacing it with the loan-ecosystem of tomorrow.

For more information, please click the link below :

Website : https://block66.io/

Whitepaper : https://block66.io/themes/b66/assets/Block66_Whitepaper_English-update.pdf

Telegram : https://t.me/block66_Official

Twitter : https://twitter.com/Block66_io

Facebook : https://www.facebook.com/Block66Official

Linkedin : https://www.linkedin.com/company/block66/

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