Bloquid allows property owners to turn over their value, in the new form of digital guarantees secured by real estate, without paying the interest rates for using money by tokenization of the real estate through reverse mortgage into the stable crypto asset – Mortgage Unit 𝜇 [MU].HOW IT WORKSThe system for ...Read More

Bloquid allows property owners to turn over their value, in the new form of digital guarantees secured by real estate, without paying the interest rates for using money by tokenization of the real estate through reverse mortgage into the stable crypto asset – Mortgage Unit 𝜇 [MU].

HOW IT WORKS

The system for issuance of mortgage units 𝜇 [MU] is governed by the legal collective agreement (IPDAO), based on international intellectual property law.

The system have two tokens:

Bloquid project tokens [BQT] - represents a share of collectively created intellectual property and gives a right to use the system for real estate tokenization, and voting;

Mortgage units 𝜇[MU] - new form of digital warranty, secured by the mortgage of real estate.

The amount of the Bloquid project tokens [BQT] is limited by 100 millions.

The amount of  𝜇[MU] is unlimited.

Each BQT token will provide the right to tokenize a certain amount of real estate. When the collateral fund and the number of issued 𝜇 [MU] increase, the cost of BQT will increase, and the amount necessary for property tokenization will decrease.

Each MU token certifies an equal scope of the claim rights for the entire mortgage fund formed out of real estate provided by the owners as a collateral of the return of the tokens.

Blockchain technology allows you to check each property value, location, assignment. The price of the token will be linked to the price index of real estate.

KEY BENEFITS

Our solution:

• Gives an opportunity for real estate owners  to turn over their value, in the form of digital guarantees secured by real estate, without paying interest for using money and instantly invest in cryptoeconomy without high transaction costs in fiat.

• Creates collateralized stable crypto assets that can be used by investors and traders to fix profits without exiting into fiat currencies.

• Creates a conceptually new market of crypto mortgage — including customers that would never apply for a bank loan against property.

• Delivers a fundamentally new opportunity for transfer of value into the digital economy, with minimal expenses in huge amounts.

• Increases the capitalization of the crypto market and reduces its volatility.

• Provides wide opportunities for impact investing amplification.

CURRENT STAGE of the PROJECT

• The  test issuanceof mortgage units 𝜇 [MU] has been  successfully completed.

• The colleсtive agreement for intellectual property development and future use was signed by authors and participants of the projects.

Now we are looking for early stage investments to staff a team and develop the roadmap.

PERSPECTIVE

Combined with the innovations of smart contracts and the transparency provided by the blockchain technology, Bloquid completely changes the process of obtaining a secondary mortgage and is likely to become a leader in the field of investment innovations.

bloquid

2018