What Is BRICK Token(BRICK)?
BRICK Token is a community blockchain project that will allow investors access to a variety of real estates and properties owning full or parts of these assets through fractional ownership and be part of the ever-growing real estate industry. BricksEstate aims to offer clients a verifiable record of property data that would allow the parties to complete a deal who generally don’t know each other and to trust that the seller actually has true ownership of that property through both the blockchain immutable ledger and utilisation of NFT ownership certificates.
These powerful tools will allow all parties involved in a domestic or international transfer of property to see without any question or doubt that there are not any claims against the title of that property outside of the current purchase. Having an undisputed history of record is incredibly important, and while this may be possible without this technology, using blockchain can help make the process more efficient and secure than processes currently in place today.
BRICK Token Storage Key Points
|Coin Name||BRICK Token|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
Explanation of Market
With this the property market has always seen a steady flow of investors moving in and out of the market making for a use case for commercial real estate however there are certain examples where this can fail and where BRICK Token can provide a quick solution if take a look at the following item. The current property market has always been attractive for savers and investors with the general assumption outside of market dips that market value of property will always hold in a predictable manner against market inflation.
In certain scenarios a market moves suddenly or as in current climate situations as of 2021 BRICK Token see ourselves in technical recession, investors may wish to move or liquidate property assets quickly and efficiently in order to hedge against such fluctuations or even simply just to realise profits.
Little or no transparency
Realtors or brokers usually keep property buyers and sellers in the dark. Most are just concerned about the commission charged from both buyer and seller with zero transparency. Most real estate agents do not act in the client’s best interest, it’s always a tedious task to search for an agent who will act in the best interest of the client without putting commission first.
Property data safety issues
BRICK Token Third-party property listing sites tend to charge high subscription fees whereas property data stored on their centralized server is prone to hack and not safe. The information on forms or documents used by Real Estate agents for property purchase/sale can be lost if not properly backed up or in case of unforeseen contingencies like server hack, hard disk crash or fire outbreak.
Solutions Offered By Bricks Estate
BRICK Token platform adopts blockchain technology to curb safety problems by allowing listing on an immutable decentralized network, unlike Third-party property listing sites. Safety is fostered by storing documents in BricksEstate document vault which is a core product, and also issuing advanced secure property certificates in form of non-fungible tokens or collectibles. BricksEstate will be a key player in Real Estate tokenization. Data stored in the blocks are highly encrypted giving high levels of safety assurance to property buyers and sellers.
Role of BRICK Token
BRICK will be used for paying part of the agent fees to BRICK Token. A percentage of BRICK paid as agent fees will be burnt quarterly, hence more scarcity and value for BRICK holders. BRICK can be used as full payment or part payment for purchasing properties depending on agreement between both parties (buyer and seller). However, both parties can decide to use BTC, ETH, listed stable coins on BricksEstate platform or FIAT for full payment. Fees will be paid in BRICK for storing / securing property documents on Brick Estate Document Vault.