Blockchain Real Estate Startup Blocksquare Announces Series A Crowdsale

Announcements, Blockchain, ICO News | March 19, 2018 By:

Blockchain firm Blocksquare has announced its Series A crowdsale to provide online real estate platforms with a way to tap into the upcoming tokenized real estate market.

Based in Ljubljana, Slovenia, Blocksquare is developing a plug-and-play solution for companies that want to build platforms to offer tokenized property investments via blockchain. The platform will enable established real estate businesses to sell tokens of real estate investments to anyone with an Internet connection.

“Blocksquare is building a set of protocols, APIs and tools to process commercial real estate property tokenization, so platforms can integrate it and offer tokenized and local commercial real estate ventures,” the company said. “Users looking to participate will simply visit a commercial real estate business online and click a widget-like option to start contributing.”

Each real estate property in the network is represented by a single PropToken smart contract, an ethereum assets based on the ERC20 token standard. PropToken provides a governance function for stakeholders to manage the most important aspects of the underlying property. The decisions made can have important effects on how a property is managed and the results it can produce. The basis for the governance system is voting, which divides a group into winners and losers. The vote is limited to those measures which are considered absolutely necessary.

PropTokens are granted in exchange for ETH, though a separate token is used to compensate generated rent – the BST token. Beyond rewarding early adoption, BST serves as a level-up system and grants users interaction with the Blocksquare network. The more BST one holds, the more PropToken contracts they can interact with. BST is currently available to the public in Blocksquare’s Series A crowdsale.

“Historically, real estate has been an attractive investment option only accessible to institutional shareholders, but tokenized real estate is set to change that so the financial barrier to entry becomes almost non-existent,” said Denis Petrovcic, Co-Founder and CEO at Blocksquare. “With Blocksquare’s tokenization model, brokerages can sell a property to 100 buyers rather than just one, which enables deeper markets and improves liquidity. Blocksquare gives consumers who have money to spend, but don’t want to put it all into the same property the option to hold stake in multiple properties, minimizing the risks associated with real estate ventures and paving the way for a new real estate market powered by blockchain.”

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Blocksquare
Symbol BST
Start Date N/A
End Date N/A
Offering Type N/A
Platform Ethereum
Website Website
Whitepaper Whitepaper