Recap of the Bricktrade AMA with Blockchain Space
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On Tuesday, June 28th, we had the pleasure to welcome to our Telegram chat:
Guv Kang, The Founder and CEO of Bricktrade.
We asked him questions about the development of Bricktrade.
INTRODUCTION
Q~ Thanks for joining us today, could you firstly give a brief introduction about yourself and the team behind Bricktrade project to our community ?
A~ My name is Guv Kang Founder and CEO of Bricktrade.
I have actively been involved in the London property market over the past 15 years of as the founder and owner of Waterfronts, a premier real estate agent located in London’s Docklands, specialising in riverside developments across London.
My expertise is in
- Sales, Letting & Property Management
- Off plan launches
- Real estate redevelopment projects,
- Property investment fundraising, and
- Managing relations with housing authorities
We have bought together a very experienced team who all have in depth knowledge of their individual industries and skill sets, such as Blockchain, property, asset valuation and acquisitions;
Jasbir Channa - Senior Quantity Surveyor
https://www.linkedin.com/in/jasbir-channa-b1157a1b/
Mikael Kayanian - Senior Blockchain Architect
https://www.linkedin.com/in/mkayanian/
Mike Wilkins - COO
https://www.linkedin.com/in/mike-wilkins-b-sc-cihcm-8484ab20/
Antony S - Commercial Director
https://www.linkedin.com/in/antony-schober-mrics-8608a111/
Vinay Gupta - Strategy Consultant
https://www.linkedin.com/in/vinay-gupta-0072/
Jillian Godsil, MA, BA (hons) - Strategic Advisor & Brand Ambassador
https://ie.linkedin.com/in/jilliangodsil
Altcoinsara - Brand Ambassador
https://www.linkedin.com/in/sara-trojanowska-9b0934130/
Roxana Nasoi MD CEO of Launchpool - Strategic Advisor
https://www.linkedin.com/in/roxananasoi/
Richard Simpson CEO of Launchpool - Strategic Advisor
https://www.linkedin.com/in/richard-simpson-40bb6213/
Q~ Explain to us the background that precedes Bricktrade's development and what was the drive behind it's creation ?
A~ In my time in the property industry, I have seen the property become out of reach for most people because of increase in prices, low interest rates for savers and the large deposits needed for someone to purchase a property.
Me and my team believe the archaic way of transacting property is coming to an end and we are at the forefront of the change. With use use of blockchain technology, our mission is to lower the barrier to entry for millions of people around the globe by giving them access to quality property investments all over the world, may that be in form of a single unit, entire buildings and/or corporate portfolios, producing a low risk, asset backed yields.
Bricktrade is a real estate tokenization platform which will deliver fully researched, compliant, fractional investments by accepting crypto and fiat, from as little as £500/$700.
The model is simple, the technology behind the scenes is complicated. By putting the two together we will change the way property investments are transacted, making it more streamlined, more consistent over borders and lowering the barriers to entry.
With all the volatility in the markets, its time the crypto world had access to some asset backed investments, with long term growth attached.
Q~ How does Bricktrade differ from all other closely related projects and how do you plan to bridge the wealth gap with your implementations ?
A~
Bricktrade has a number of unique features;
- Invest and receive interest in Fiat and Crypto (We will be 1st in the UK)
- Bricktrade lower barriers to entry for property investment - £500 to get started
- Blockchain and tokenisation to provide transparency and to create a secondary market of tradeable tokens
- Innovative legal structures to provide maximum investment security to investors
- Fully regulated and compliant platform
- Partnerships with security token exchanges
- Fractional ownership of assets
- Staking rewards
- Token holders and investors can win a property in the UK debt free
- Global platform
In our experience most wealthy people are linked to property; By lowering the barriers to entry to millions of investors globally and giving them access to professionally procured, detailed information about each project, this will offer inclusion to those who are currently unable to enter the property investment arena.
By investing regularly into different projects will build an asset backed, positive yielding portfolio over the long term, giving more options for investors to build their own wealth. 🚀🚀
You can all keep up to date with updates via our channels:
Website (https://www.bricktrade.co.uk/)
Telegram Community (https://t.me/bricktrade)
Instagram (https://www.instagram.com/bricktrade.co.uk/)
Twitter (https://twitter.com/brick_trade/)
Discord (https://discord.gg/NXBJzH9rqP)
Q~ Can you share with us details on the $BRKT token. What are the unique utilities of this token ?
A~ Of course
BRKT will shortly go through TGE and be available to buy through exchanges.
BRKT Token holders will have the ability to view and invest into various projects we will be listing on our marketplace, all asset backed. We will also be introducing staking pools where we will purchase income generating build assets and share yields with our investors.
Token Holders will have many benefits such as;
- Early access to projects
- Get bonuses from their investments
- Early access to our property raffles - we will hold raffles where they can win a property debt free!!
- Rewards for staking
Cassiterite : When is this set to launch for purchase ?
Guv Kang : We have had a slight delay because of the current market condition and blockchain partner. We aim to launch this within the next three months.
This is delay is also due to the fact we want a working platform, investable projects and staking capability, when we launch the coin.
Q~ Who are your current top partners, and what milestones have you achieved so far ?
A~ We have many strategic partnerships in place and more to announce in the coming weeks;
Alphabit & Tech Stars - Investors
Waterfronts - Lettings & Management
Crowd for Angels - FCA regulations
Eversheds & Harper James - Legals
Matterum - Smart Contracts
Certik - Smart Contract Audits
London & Capital - Wealth Management
Archax & Gate.io - Exchanges
Cryptoslate - Press Partner
Realm.art - Metaverse
What we have achieved so far is;
Produced our Whitepaper
Brought together an experienced team
Designed the platform
Developed our Beta platform
Developed our 2x apps (IOS & Android)
Seed Round Complete
Token Economics complete
Ear-marked our first projects
FCA partnership
QUESTIONS FROM TWITTER
Q~ What are the main strengths that Bricktrade has that make it different from other real estate platforms. What are the benefits that they provide to merchants to be able to have the possibility of owning digital "twins" as properties obtained in the real world and metaverse ?
A~
Bricktrade has a number of unique features;
- Invest and receive interest in Fiat and Crypto (We will be 1st in the UK)
- Bricktrade lower barriers to entry for property investment - £500 to get started
- Blockchain and tokenisation to provide transparency and to create a secondary market of tradeable tokens
- Innovative legal structures to provide maximum investment security to investors
- Fully regulated and compliant platform
- Partnerships with security token exchanges
- Fractional ownership of assets
- Staking rewards
- Token holders and investors can win a property in the UK debt free
- Global platform
We are exploring the possibility of investors receiving digital twins of the real world assets they invest in.
Q~ You mentioned that BrickTrade has partnerships with security token exchanges. What is your security protocol especially that related to user's data safety. How can it be assured that data privacy at Bricktrade is safe and will not be leaked to other party ?
A~ In a climate where very few crypto firms have any form of legal and compliance protections for their users, Bricktrade has gone above and beyond. As an AR of the UKs Financial Conduct Authority we have many obligations to protect our users.
This includes:
- Security vetting is conducted by Archon Sec
- Using secure servers for hosting users data
- Using a custodian to handle client funds, with segregated accounts for investors
- Not working in high risk markets where there is compliance risks
- Bricktrade is also in the process of securing cybersecurity insurance, which is now an industry standard
QUESTIONS FROM TELEGRAM
Q~ Do you have a whitepaper if yes, please share it with us, secondly do you have plans for pre-sale, where can we join it ?
A~
Our pre-sale is way over subscribed but there maybe a change to have a small allocation before we go live - keep an eye here
Q~ Can you explain your Tokenomics Distribution, how many tokens will be minted and how many tokens will be locked by the team ?
A~
Please view our tokenecomomics
Q~ Revenue is an important aspect for all projects to survive and maintain the project/company. How have you been able to build a complete project and what is the way to generate profit/revenue of the token. What is the income model ?
A~ Our own revenue is accrued by taking spread on the interest paid from the developer, commissions for sourcing/selling the built properties and managing properties on behalf of investors.
CONCLUSION
Thank you so much for having me here today, really enjoyed the questions and looking forward to you all being involved in the future of property!!
It’s really nice having the Bricktrade project in here!!!
You can check out their Website for more details. You can also follow them on Telegram and Twitter to keep up to date with all things relating to Bricktrade.
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