Accessibility and liquidity for every real estate owner and investor. Built on Ethereum.
"BrickEX makes possible real estate investment for smaller investors all around the world."
"While Binance is targeting a Crypto market currently sitting at $250 billion, the BrickEX exchange will be targeting a real estate market estimated at $217 trillion."
"BrickEX will be the first Global Real Estate Exchange that is using its own cryptocurrency."
Our decentralized marketplace creates transparency, accessibility and liquidity for every real estate owner and investor.
Enables fractional ownership of investment in real estate.
An online exchange of blockchain-based digital certificates that represent property ownerships.
3rd party real estate owners are able to list and exchange real estate.
The real estate industry is long overdue for a shakeup. Not only is one-third of the industry running on technology that was
first released over 30 years ago, but it continues to put up barriers to transparency, preventing the release of locked up
liquidity and eliminating standard services.
With the help of the blockchain, we know that the real estate industry can move into a new, more democratic age.
Giving access to liquidity in an illiquid industry
Creating a global central real estate repository
Creating global open real estate repository and increased transparency
Eliminating the negative impact of banking, currency, notaries and attorneys
Lowering investment thresholds
BrickEX will be a full functional blockchain powered digital asset exchange for real estate. To accomplish our vision, we will build the following key elements on the exchange as part of our technology roadmap:
Real estate assets exist in a fragmented space whereby typically each real estate crowdfunding platform has its own set of investors, data models and financial transactions. DAG is a dApp which creates an integration point for real estate platforms to enter the BrickEX ecosystem. Adopting the concept of a sidechain, the DAG will provide a cryptographically secure mechanism for assets to go in and out of BrickEX.
Unlike other physical assets such as precious metals or raw commodities, each real estate asset is unique and non-fungible. We’re closely monitoring the evolution and adoption of ERC721 (Ethereum standard for non-fungible tokens) and ERC998 (Ethereum standard for composable none-fungible tokens) as we believe it will help BrickEX assets to be easily integrated into other parts of the crypto ecosystem (e.g. wallets, asset portfolios, explorers, etc.).
Crowdfunding has traditionally been a centralized activity where investors trust the crowdfunder (e.g. kickstarter, seeds, etc.) with their money and credentials. That model is becoming obsolete, and Token Sales have proven to be a much more efficient and transparent way of raising funds from a multitude of investors. The DAC dApp will allow BrickEX to run crowdfunding campaigns transparently and safely. Investors will have full access to see the funding progress, the amounts invested and the state of funds which will be held in an onchain escrow.
Real estate investments are attractive because they produce fixed income. A true decentralized real estate exchange platform must try to avoid using centralized intermediaries for key processes, and therefore we will funnel all rental income through our DID component, which will allocate funds to investors based on the number of shares they own in various portfolios they own at the time of distribution (similar to how dividends are paid in the stock market, but without the need for a central institution).
What complicates matters is the fact that successful blockchain innovations require a far more collaborative approach than before, so being first to market actually involves being first with an ecosystem primed to function with other financial institutions – a far more complex undertaking.
The BrickEX platform is characterized by a two-tier token model
Tier 1 Brick Token: The Brick Token is a utility
token representing access to the services on the
BrickEX platform.
Within the BrickEX platform itself, the user can
invest by means of the;
Tier 2 Investment Token:
Investment Tokens. These are Real Estate, asset-backed tokens and
vary in type depending on the real estate asset
that the user invests in
The governing currency on the BrickEX platform is the Brick Token (BRI). The Brick Token is a utility token designed to enable participants to utilize the decentralized platform itself.
The BrickEX platform will issue new tokens (economic rights of ownerships) for each new real estate offering on the platform. These tokens are classi ed as security tokens and need to comply with local security regulatory requirements.
| Token type | Description | Purpose | Compliant with |
User Class | |
|---|---|---|---|---|---|
| 1 | Utility token | Brick Token | Creates liquidity, funds project & operates platform | ERC20 | Crypto investors, platform users, partners |
| 2 | Fractional investment token | None specific to fraction, specific to asset | Fractional asset backed investments | ERC20 | Crypto & real estate investors |
| 3 | Non-fungible token | Specific to asset | Object specific, asset-backed investment | ERC721 | Crypto & real estate investors |
| 4 | Portfolio token (Composable non-fungible) |
Composition of different number of digital assets | Hybrid composable token, with the ability to be composed into complex use cases that can be transferred in one trade | ERC998 | Crypto & real estate investors |
BrickEX will initiate fundraising though a private and public Token Sale to raise $27.5M with an expected closing date on November 30th, 2018.
The Token Sale will represent 40% of all generated tokens which is fixed at 1B tokens.
| Sale stage | Start Date | % of token |
No. of tokens |
Value | Bonus | Price per token |
Target | Vesting Period |
|---|---|---|---|---|---|---|---|---|
| Private Sales |
1 JUNE 2018 | 80 | 320,000,000 | $32,000,000 | 50% | $0.067 | $19,500,000 | Agreement specific |
| Crowd Sales | 31 OCT 2018 | 20 | 80,000,000 | $8,000,000 | 0% | $0.100 | $8,000,000 | None |
The token sale is not available for US citizens.
The token sale has been structured to prevent investors to sell under the token sale introduction price. To accomplice this, all bonus parts in Private Sale have a minimum vesting period of 1 month. Tokens distributed to the BrickEX team and advisors have a vesting period of 2 year. No tokens can be sold in the first 3 months after the token sale, thereafter team members can sell a proportion of 1/24th monthly of the tokens received. Team members can buy as many tokens as they wish on personal title.
BrickEX will work with different real estate partners to launch the platform initially in North America, Germany, The Netherlands, Spain, Hong Kong and Singapore.
BrickEX will launch the Exchange with a number of Launch Partnerships, several of which have already been negotiated. These launch partners will commit to offer at least $5M in real estate on BrickEX. BrickEX will commit to provide liquidity for at least 50% of each placement in return. This will kickstart the platform with a geo-diversified offering of at least $50M.
The founding team together with selected advisors bring a wealth of education, experience, and their valuable networks to BrickEX, not to mention proven track-records of success during their decades of combined experience in conceiving of and growing startups.
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