SQUAREX Weekly Update #1

While the whole world is in anticipation watching World Championship Cup-2018, SQUAREX team under command of captain Kirill Kotilevskii confidently takes control of the game on the field, going to be the most promising freshman of this year! We are proud to announce that the final testing of our platform has been completed and we are almost ready to present it for a beta-test.The platform will be made accesible to users in the near future.

The alpha version of the platform includes two large-scale IT solutions. The first solution is tokenization of architectural and construction projects and the sale of project tokens to backers and buyers during the Initial Square Offering (ISO).

The second solution provides for reservation of real estate which is still under construction for design of tokens followed by purchase of an apartment.

“The reservation auction is SQUAREX unique mechanism, it is a complex game mechanics developed by SQUAREX team. It is based on a complex multi-level structure of smart contracts based on Ethereum blockchain. The value of such an auction is the ability to place cryptocurrency in stable project tokens — in order to diversify the risk of volatility in the cryptocurrency market.” said Kirill Kotilevsky, the founder and CEO of SQUAREX.

This is our first post of weekly reports on the news of our project. There are more posts ahead — we’ve got news on business meetings with our Asian partners at the forum in Korea and the construction of the first object of the SQUAREX platform in Austria. Stay tuned for more updates!

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