Cryptocurrency

Brickblock announces ICO Token Sale Will Commence on October 31st

Brickblock announced its public token sale begins October 31st, offering cryptocurrency holders a way to invest in real-world assets without traditional middlemen. The Berlin-based startup has built

By Ray Crawford··2 min read
Brickblock announces ICO Token Sale Will Commence on October 31st

Key Points

  • Brickblock announced its public token sale begins October 31st, offering cryptocurrency holders a way to invest in real-world assets without traditional middlemen.
  • The Berlin-based startup has built

Brickblock announced its public token sale begins October 31st, offering cryptocurrency holders a way to invest in real-world assets without traditional middlemen.

The Berlin-based startup has built a platform where people can convert Bitcoin, Ethereum and other digital currencies into stakes in real estate, ETFs, and coin funds. Smart contracts move money from investors to fund managers and then assets back to investors, cutting out the intermediaries who normally take a fee.

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The company released an alpha version on Ethereum, showing what the product will do. The early release demonstrates Brickblock can deliver before seeking additional funding and previews the planned roadmap.

Brickblock raised $1 million during a five-day pre-sale. The public token launch on October 31st includes a whitelist period offering special pricing during the first two days, with tiered pricing after.

A partnership with nakamo.to, a Berlin-based startup, positions Brickblock to run on IOTA's Tangle network. Operating outside standard blockchain could give the platform a technical edge.

The team recently expanded with six full-time developers joining the core staff. The company added key advisors to help execute the vision of cheaper, easier, more transparent investing.

Co-founder Jakob Drzazga laid out the timeline in a blog post. "This December, Brickblock will be the first platform to sell a tokenized apartment building over the blockchain. The property will be managed by a fund manager with over 30 years of experience in real estate, with dividends paid out to investors' Ethereum wallets."

The platform removes barriers to entry. Users need no bank account, face no geographical restrictions, and can start in three steps. Small investors earn the same returns as large ones without fees eating into gains or waiting periods. Every transaction stays transparent.

MiningPool content is intended for information and educational purposes only and does not constitute financial, investment, or legal advice.

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