Stock market is one of the numerous opportunities for investment, but due to the challenges in the present system, it becomes unsafe and unreliable for investors to trust with their investments.
The solution to the challenges is with Brickblock platform. This platform offers to become a bridge between investors and stock trading, to bring the needed trust, reliability and safety into the system by using Smart Contract that is built on Ethereum Network. This option will help in fees reduction during transactions.
Brickblock synopsis:
This is a ground-breaking Blockchain-based platform with sole aim of becoming a panacea for investing in:
- Exchange –Traded Funds (ETFs)
- Real Estate Funds (REFs)
- Passive Coin-traded Funds (CTFs) and
- Active Coin managed Funds (CMFs)
As it stands, Brickblock covers the major sectors as far as investment is concern within the financial market.
Benefits of Brickblock platform:
- No more limitation in physical trading locations, because trading can now be initiated anywhere in the world.
- Use of a bank account becomes obsolete, therefore unnecessary.
- No more payment of high fees as far as stock trading is concern.
It is the first Blockchain platform that offers users investment experience at a different dimension, where each fund has its own denomination “proof –of-asset” (PoA) token, which is made available on token exchange platforms.
What this mean is that: - Exchange becomes less difficult, quicker to make, and obviously less expensive that on an ordinary securities exchanges.
- PoA tokens enable investors to fence out the danger affecting the cryptocurrencies in genuine resources without expecting to change over digital money into fiat cash.
- The smart contract enables the transfer of coupons and offers gains to token-holders on Ethereum network.
Brickblock structure:
It will be built using a decentralized application otherwise known as DApp, that will function on Ethereum network, to give Brokers-dealers, fund managers the capacity to list their investment openings on the platform subsequent to being checked by Brickblock thoroughly via; confirmation of proof of residence, credit reports and criminal records etc.
All investment opportunities will be painstakingly approved and evaluated by independent parties to rid the platform of any sort of extortion.
Why do we need Brickblock?
First, let’s examine the present system. - The present crypto-economy is unstable reason being that its adoption into the global economy is not complete; this places a restriction on cryptocurrencies and economy respectively. It means there is no other method to bypass the present risk, except through the offer made available by Brickblock platform.
- With the present system, trading of assets gets to the final destination and main stage in as much as three days. This delay is unnecessary.
- The cost of trading of asset is high and the procedures are complicated.
- Investors in private sectors are limited to invest in exchange traded funds or real estate funds because global exchanges lack a means of linking up with the private investors
- Lack of genuine agreement on verification procedures for fund managers. This is likening to a fifty-fifty chance for the investors because the investors do not have any legal evidence between them and the manager pertaining to their investment. I am tempted to ask “what if one so trust a fund manager with your entire fund, hoping that the fund will be invested properly, but at the end of the day, such manager is nowhere to be found? Brickblock is the answer to this and various other questions.
Brickblock solution:
- Investors where private or public have the access and liberty to buy assets desired and also free to invest in EFTs and REFs.
- Brickblock offers clearing and settlement at a very high speed depending on the Ethereum blocks involved that requires confirmation.
- The high cost involved with trading will be reduced up to 50-fold discount at the initial purchasing price depending on the location.
- Reason why these is achievable is that no bank account is needed during exchange. The numerous bank charges and fees is cut off.
Hence Brickblock is open for everyone to invest in: - As a private investors: Brickblock will help to expand their portfolio to cover risk associated with cryptocurrencies, while at the same time offers investors a reduced expenses investing into REFs, ETFs, CMFs and CTFs via removal of agents.
- Minimize bureaucratic overhead.
- As an institutional investors, Brickblock will support your institution to put your into different branches of cryptocurrencies collection and ensure the wallets are safe when performing or involved in any transactions on any exchange platforms.
- For fund managers such as Coin Managed Fund Manager and Real Estate Managers, the Real Estate Managers will be involved in performing tasks such as overseeing real estate procurements, appraising consultants, financial models and create strategies for allocating assets etc. (see whitepaper for detailed information)
TOKENS:
Brickblock has three different tokens as follows; Brickblock tokens, Access tokens and Proof- of -Assets Token. The Brickblock token will be out during contribution period in exchange for ETH and Bitcoin, the Access Token is for Brokers-dealers and fund managers to enable them list their funds on the platform and lastly Proof-of Assets tokens for ETFs and REFs they symbolize real world assets in the form of securities and for the CMFs and CTFs they signify claim to coin funds on a secured trading account wallets. For users, PoA token is paid to them in return for funds they invest in as a legal execution claim to the core assets.
Your participation in the ICO converts you automatically to become part of Brickblock network
Roadmap:
Website: https://www.brickblock.io/
Whitepaper https://www.brickblock.io/Brickblock_General_Whitepaper.pdf
Twitter: https://twitter.com/brickblock_io
Telegram: https://t.me/brickblock
medium: https://blog.brickblock.io/@Brickblock
Authored by: https://bitcointalk.org/index.php?action=profile;u=1221175