Today I would like to briefly talk about the Brickblock project.
Currently, every investor or trader experiences huge differences in the crypto currency. He can get or lose large sums in one day. Investors can get a very large jackpot, but in connection with waiting they can spend a lot of time, and this will eventually lead to the loss of all funds.
Currently, the crypto currency is considered as a depository of funds, and also has an exchange medium, but at the moment it is in the nascent phase. Given the high risk associated with the crypto currency, investors need to diversify their risks and invest in areas such as REF and ETF outside the crypto-currency markets. But at present, in the traditional stock markets, the process of investing, deposits and withdrawals is very complex, and it involves a lot of additional costs, market insight, long transactions, limited access, geographic location and currency exchange problems.
The problems that arise in the traditional stock markets.
Observing the traditional markets, all transactions occur through brokers only on the basis of trust and there is no legally binding contract between the user and the broker in the event of any conflicts and force majeure.
There are several additional costs and commission fees, such as a trade fee, a brokerage commission, a service charge, a commission for sale, a commission at various stages, etc.
People of different classes face difficulties when entering the stock market and lose control over their assets. Typically, a person who can invest 100 pays a higher fee than the payment of an investor who invests more than 100,000. In most cases, investments are unprofitable for middle class people. Due to restrictions on market access related to geographic location, people around the world do not have the opportunity to take advantage of markets. Moreover, this is due to various requirements for tax compliance and regulation of exchange between local authorities. To eliminate all these difficulties, BrickBlock enters the stock market to destroy traditional stock markets, using the latest technologies such as Blockchain and Smart contracts offered by Ethereum.
CTFs are created by users, and Brickblock offers many of its CTF on its platform. Since there is no CTF in the current market, Brickblock wants to bring this opportunity to investors. Each foundation in Brickblock will be denominated in itself as a token.
These tokens represent the initial value of the underlying asset of physical shares, goods and currencies. Tokens will be listed on major exchanges and provide more convenience than traditional markets. Thanks to this, investors can easily diversify their risk by simply buying these tokens on the market, without the need to convert from crypto currency into fiat funds.
Basic assets for POA tokens will be accurately transferred to the Digital Trust Fund in order to provide greater security for investors. Only tokens owners can claim their assets. Detailed information is provided to users, such as payment, dividends, net asset value, performance or track record.
Users can choose a fund among different brokers and funds, based on their willingness to take risks. Calculation of clearing and trading will occur from 1 minute or even less, in contrast to 3 days for traditional clearing and settlement. This is only due to the use of Brickblock’s Blockchain technology for record keeping. Using Smart contracts, investors’ funds will first be held in Escrow, and these funds will be issued to brokers or fund managers only when they transfer the real assets to the digital trust fund. This mechanism creates an additional level of security on the platform.
Brickblock will enter into a legally binding contract with brokers and fund managers to avoid possible conflicts between investors and fund managers. This contract is legally enforceable in court.
Brickblock wants to present its tokens, called Brickblock tokens. These tokens will only be released on crowdsale in exchange for ETH and BTC. If the Brickblock token holder holds tokens in a special smart contract, access tokens will be issued to the holder until the Brickblock tokens are removed from the smart contract. All access tokens can be sold to brokers and fund managers in the open market at competitive prices.
The team consists of a large staff of experienced employees. Preliminary sale began on August 2, 2017. Originally the price of Token 1 ETH 1000 tokens.
To contribute to the Crowdsale visit: https://brickblock.io
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