BRIKCOIN is using an innovative financial model to solve the affordable housing crisis in the UK, working with local government and financial institutions. In addition to property revenue, the company plan to leverage its tenant base to launch payments with BRIKCOIN and support innovative proptech companies.
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Unique model for national crisis
BRIKCOIN will issue 1 billion BRIKCOIN tokens sold on their user-friendly platform accepting FIAT currencies as well as cryptocurrencies. Following a successfully completed private sale of 10% of this amount, the presale and crowd sale will distribute a further 50% of the BRIKCOIN total, with 20% and 5% set for community rewards and philanthropy respectively. From August 30th onwards, BRIK will circulate on crypto exchanges as an ‘ERC-20’ token backed by the Ethereum blockchain.
Solving a national crisis
BRIKCOIN core model is entirely funded by private sector and such can unlock significant investment leading to large scale delivery of genuinely affordable and key worker housing. The government is trying to address this National Crisis and are looking at funding options, including but not limited to grant funding and subsidised loans to enable developers to deliver more affordable housing, BRIKCOIN does not require any grant funding or subsidised loans to enable us to deliver affordable and key worker housing.
Features of BRIKCOIN
The continued sale of publicly-owned land to private sector is unsustainable and transfers value from the public to the private sector. Unless public and private sector leaders change their strategies, the growing crisis of affordable housing will continue to be ‘the’ major long-term national economic crisis that is already leading widespread social dissatisfaction. Housing is what creates and defines cities.
● Current and future generations of city dwellers – BRIKCOIN ensures that a legal covenant is applied to the land on which it develops its housing such that it will only ever be able to be used for this purpose, even after the housing build reaches the end of its operational life.
● Investors who reap the benefits of funding and owning an asset for which demand far outstrips supply. BRIKCOIN will also see gains in secondary markets as it will trade 24/7 everyday on major cryptocurrency exchanges.
Blockchain for key worker housing
Benefit from Blockchain technology to increase transparency, data integrity and efficiency
It is our technological vision to bring real estate to the Blockchain and to build intellectual property around it. Data integrity can massively increase efficiency for transactions. Full transparency on the underlying properties. Each BRIKCOIN holder shall benefit from the advantage of improved asset management on blockchain.
Create radical transparency
The real estate sector often lacks transparency. Commissions and fees as well as other relevant information, in some cases even the transaction prices, remain undisclosed. Out of this opaque structure, costly disincentives are born, one example being that with increasing volume, fees increase thus incentivizing overestimates of the real estate values.
Ensure data integrity
Quality data is a scarce good in the real estate sector – incomplete and incorrect data not only hinders accurate valuations but renders them, in view, best guesses. The importance of data-based decision-making cannot be emphasized enough when stakes and costs are as high as in the real estate sector.
Realize efficiency gains
In view, the processes in the real estate sector today is inefficient in two different ways. During transfers, due diligence is time consuming, since all the data needs to be collected and examined manually. If data integrity and availability are ensured, A.I. and Big Data procedures will be used to automate the process.
James Hare BRIKCOIN FOUNDER
Mark Gathercole BRIKCOIN CO-FOUNDER
Angkan Mukherjee CMO
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