What are Brickblock Tokens?

The tokens sold during our token sale are called Brickblock Tokens (BBT). This is the only time that Brickblock Tokens (BBT) are created, and therefore the total supply of Brickblock Tokens (BBT) is fixed.

To incentivize the usage of Brickblock as a platform, we use the already known instrument of token lock down and an alternative payment of fees — Access Tokens (ACT). Users, Broker-dealers, and fund managers need Access Tokens (ACT) to list their fund on the Brickblock platform and to pay market-determined Brickblock fees to buy real estate funds, ETFs, coin managed funds or coin-traded funds. These fees will be denominated in Access Tokens and USD.

Only Access Tokens (ACT) can be used for fee payments on the Brickblock platform. The value of the Access Tokens (ACT) will be broadly equivalent to 1 USD worth of fees. This means an Access Tokens (ACT) acts as a token for approximately 1 USD of use within the Brickblock platform. Only Brickblock Tokens (BBT) can create Access Tokens (ACT). This is done by activating the Brickblock Token’s utility function. The Brickblock Token’s utility function is initialized when Brickblock Tokens (BBT) holders lock their tokens into a smart contract. The smart contract determines the number of Access Tokens (ACT) which are beeing generated according to a formula depending on the length of the lockup. Before locking their Brickblock Tokens (BBT) in the smart contract, users will be able to see how many Access Tokens (ACT) they will receive at the end of this period. The distribution will be time proportional and the same for all Brickblock Tokens (BBT) holders. Access Tokens (ACT) are paid out on a weekly basis, to users that locked in their Brickblock Tokens (BBT). Once the Brickblock Tokens (BBT) are withdrawn, no more Access Tokens (ACT) are created. Brickblock Tokens (BBT) can be locked up anytime again. There is no limit to the repeat generation of Access Tokens (ACT) by invoking the functionality of the Brickblock Tokens.

Brickblock is incentivized to establish the fees for the offered products in such a way so as to positively influence the usage of the platform, while still making a profit. All Access Token holders may act as competitors to Brickblock and possibly sell their Access Tokens to other users of the platform on independent secondary markets that may develop over time. Brickblock cannot increase fees without risking a decline in the number of trades conducted on the platform and cannot decrease fees without reducing its own profit.