Meet Bricktrade: Bridging the Gap Between CeFi & DeFi

It’s been an eventful last few weeks not just in the crypto market but also for Bricktrade!

We have been hard at work behind the scenes building our platform from the ground up. From the launch of our new website to our partnership with Blocksquare, we are extremely excited to bring our community a sustainable solution to property investing through the wonders of the Web3 ecosystem.

Before we jump right into the highs we are bullish on, we thought it would be best to give everyone an overview of the market in the last few weeks.

Market Sentiment

The collapse of FTX, a former leading centralised crypto exchange and brokerage following a series of misconduct carried out by the team has sent the market into overdrive, increasing the fear and hesitancy of users to further dive into the crypto industry.

Whilst we can appreciate this, it is important to recognise that misconduct is not only found in the crypto market…evidence proves that it is carried out by centralised financial institutions. The tragedy caused by Lehman Brother’s in 2008 is a classic example of blatant misconduct that created a domino effect and caused markets to collapse across the world.

To quote Jillian Godsil, an award winning Crypto journalist, broadcaster and author:

“The crypto industry has worked hard to get to where it is, but unfortunately the chaos with FTX has set the industry five steps back even though similar mishaps have occurred in centralised finance (CeFi). I believe that the challenge the industry faces is making it easier to understand without losing the benefits of what blockchain and cryptocurrencies can offer.”

Bricktrade: Bridging the gap between CeFi & DeFi

Whilst we understand and appreciate the worries and challenges that come with investing in the crypto market, we are also proud to produce the antidote to a lot of what has been affecting the crypto market since its infancy.

Bricktrade is reinventing property investment through the use of blockchain technology and cryptocurrencies. In essence, we utilise blockchain technology to bring real estate assets on-chain, providing people the security that their crypto investments are backed by real-world assets.

According to our Chief Technology Officer, Jag Sing, the use of blockchain technology alone removes 14 intermediaries from the end-to-end process of investing in property. This immutable ledger also assures that all relevant information is recorded transparently and securely in real-time. Investors will be allowed to access this information instantly. Blockchain is a key solution to the efficiency of issuing securities such as property too.

At Bricktrade we also look to not only make the crypto market more accessible and digestible, but we are looking to onboard first time investors to the traditional real estate industry. By facilitating both crypto and fiat investments, we are making it equally accessible for investors from either background.

Seamless (Decentralised) Experience

True to our commitment to creating a seamless experience for all our users, we proudly announced our partnership with Blocksquare, a cutting-edge tokenisation infrastructure and technology solution earlier this month.

Blocksquare began in 2018 as a company looking to bridge the gap between the real estate sector and Web3. Blocksquare builds all the tools and infrastructure required to do just that in the safest possible manner.

Through this strategic partnership with Blocksquare, Bricktrade’s tokenisation protocol up to the creation of the actual platform that facilitates interaction with the end-user is created with care and intelligent use of user interface and experience (UI/UX).

The benefits of intelligent UI/UX is being able to create a product that is complex in nature yet simple to use. Through this partnership, we are excited to bring unrivalled UI/UX on-chain to just about anyone across the world.

Most importantly, all transactions will occur on-chain, thus there will be no involvement of centralised entities that hold rights to the assets.

We are extremely excited to get our product out into the hands of users across the world!

Borderless

Speaking of global users, we are excited to share the news that Bricktrade will be accessible to users across the globe. You could be living in the city of Istanbul and begin your journey as a property investor in the UK through Bricktrade without needing to physically be in the country.

This creates a whole new realm of opportunity for first time property investors around the world who may not have the chance or money to afford property in their own home countries. Investments at Bricktrade start from as low as £500 and as mentioned before, we accept both crypto and fiat currency.

Green Alternatives

Besides that, we are also proud to share that we have managed to secure a site of 110 acres of which 46 acres will be used to build the first phase of a solar farm. With the rising energy prices and the ongoing crisis, we appreciate the struggles that come with this and thus, we are looking to introduce a token that will function as carbon credits.

This means that investment that make an investment can offset their carbon footprint when they invest in the solar farm. This is not only innovative but also a way we intend on giving back to nature and keeping true to our believe in green energy.

Our developer is currently carrying out a feasibility study with a green energy company to determine the total amount of energy output that can be produced by the site.

The theme for this year’s United Nations Climate Change Conference (COP27) was ‘Actions, Not Words.’ Through this green initiative, we are standing true to the theme and aligning our business goals with the importance of conserving the environment all at the same time.

 We are extremely excited for this and we can’t wait to share more news soon.

Experienced Team

Of course, the success of Bricktrade is built on the years of experience that our team brings to the project. To quote our Co-Founder and Chief Executive Officer, Guv Kang with over fifteen years of experience within the real estate industry:

“We are leveraging our years of experience within the real-industry industrsy. We do deep due diligence on the property investment projects we bring on board and we look out for several factors. For example, we will only work with developments that have planning approval. The site has to be held in a limited company so we can prove ownership and thus, proof will be shared within our project data room which will then be shared with our investors.”

At Bricktrade, we also regularly research property trends and ‘hotspots’ to keep current on where good yields come from and appreciation trends in the next few year to maximise profit opportunities for our investors. All this experience is held in-house and by doing thorough research and due diligence before projects are published onto our site, investors can rest assured that it is coming from a good source.

New Look & Beta Testing

Following all this lovely information…we are extremely proud of our newly launched website! We have heavily simplified the website with the help of the team at Blocksquare catering to both investors in crypto and fiat.

We are also pumped to announce our live beta test, which we welcome everyone to participate in. We will be selecting 100 users out of all users to participate in our beta programme so they can go through our whole ecosystem, interact with a digital asset that will create a simulation, allowing participants to be rewarded for their time on the platform. Simply sign up to our beta test via our website now.

Final Thoughts

Despite current market conditions, we are bullish on the market and we intend on launching in full in Q1 2023.

We have managed to secure several legal permissions including crowdfunding, peer-to-peer lending and permissions from the Financial Conduct Authority (FCA) in the UK. We are looking to share more on the legalities in the coming weeks too!

However, in the anticipation of all of that, we are using this time now to get user feedback and understand how our users are interacting with the platform in itself.

The time to build is now and we are proud to be doing just that. Hence, we are utilising this bear market to build and deliver a product of quality that has been analysed to the very last detail to create an experience unlike other for our users.

Onwards and upwards, we look forward to your feedback on both our new site and the beta testing!