DISCLAIMER ON OPEN BRIX.
The tokens that will be described on this website will only be available to buyers who are not citizens of the United States or even residents of the United States.
The Brix token will be used for use on the OpenBrix platform just as it will be described in this document, there is no intention of it to become an investment vehicle.
INTRODUCTION TO OPENBRIX.
This is a decentralized network that has the ability to connect the necessary key players in the letting and sales of properties on a single network.
The purpose of creating a decentralized network is to ensure that there is no single owner that will be able to control money, data or rules of the network. Everything in the community will run for the benefit of the community.
The operation of property rentals and the sales of the property has not changed for about 10 to 15 years.
The property owners will wish to connect with customers and customers will as well wish to connect to property owners.
In a bid for that connection to be made, it must be done through property portals.
The owners of properties will be able to employ the service of property managers which includes Estate Agents and to handle the complicated social and regulatory task that is involved in transactions that are property related.
AVAILABLE PLAYERS ON THE NETWORK.
• The first group are the property owners: They may include individual property owners, charities that include multiple properties or big corporate developers who may want to sell or rent out their acquired properties.
• The second one are property managers (they include physical and online estate agents): Property managers are individuals who are agents of primarily physical and on the online estate.
• The second category are the property managers are usually employed in order to handle the complex social and regulatory tasks that are involved in property related transactions. The property managers operate as a vital part of the supply chain that provides important services to property owners and they include:
The updates that contain the recent knowledge of the property market.
An up to date knowledge on the latest legislation in a legislative that is ever changing.
An access to the portals to the property.
Provision of additional services that include the sourcing of third parties suppliers in order to get a compliance certificate that includes arranging cleaning and the general maintenance of properties.
• The third categories are those who provide an online platform for customers to be able to search and find properties that are available for sale or let.
• The fourth category are the customers, this group focuses on the end customers present on the chain. These group will be able to purchase products that property owners are selling, either it is the property itself or the time that the property contains.
THE PRESENT ISSUES.
• The controlling of data flow that exists between customers and property portal, this will make it possible for the information that other parts of the world will need to be controlled.
• The control of all policies and permission in the part of the network.
• There is a charge of high fee to provide access to part of the network.
THE AVAILABLE SOLUTION IS OFFERED BY OPENBRIX.
In order to disrupt the market and the power that centralised power have, there is a need to decentralize the property market. There is a need to turn the vertical property on the side of open brix, we need to make it horizontal.
There is a need to create a network where every member that exist on the network will be able to free to communicate and transact in a way that is easy, simple and a frictionless environment that has the control of a central intermediary.
This is the power of the blockchain technology that the OpenBrix network will be able to provide.
OpenBrix network is a personal property network.
It is a decentralized open source property portal, these property owners will make it possible for property owners to be able to sell and rent their properties, to as well be able to collect money and manage transactions, totally excluding the payment of fees to a centralized intermediary. The services of property managers as well as agents can help perform this task.
OpenBrix is a decentralized platform, effectively built over an Ethereum VM network, it is an open source and it is free to use by end customers.
This OpenBrix, will be based on both web and application integrated into the Ethereum blockchain.
The presence of OpenBrix will make it possible for the creation of a system where all available members in the network will be interconnected, there will be no central intermediary that will act as a gateway between a member and another.
THE REASON AND GREAT BENEFITS BEHIND THE USE OF BLOCKCHAIN FOR THE PROJECT.
These centralised structure has always made it possible for one group to exercise control over the other network left.
This is the reason why decentralisation is the way forward.
Decentralization happens to be the only way to effectively ensure, that there will be no group that will be able to exercise control over the network.
The customer connection will not belong to an individual part of the network and no group will as well be able to shut it down.
The reason stated above has made it obvious that, a Decentralised Autonomous Organization (DAO) is greatly required. Open Brix, will become that DAO.
INTRODUCING A NEW DEAL
Every member of the network happens to be a member of the OpenBrix community, so everyone will be able to have:
Full access to every information of all the parties in the network and this is done through a distributed ledger.
There is also a control of policies, data and financial resources on the network.
The only way to deliver this open source and secure network is through the adoption of the blockchain technology.
THE BENEFITS ASSOCIATED WITH OPENBRIX.
• The availability of decentralization.
• The presence of transparency and trust.
• The availability of security.
• The presence of immutability.
• It will help to save cost.
• Each group which includes, the property owners (group A), property managers (group B) as well as the consumers (Group D) will be able to benefit in different ways.
• A societal return.
• Community empowerment.
• The OpenBrix network will help provide a platform to eradicate or reduce the impact of slum landlords.
• It will make it possible for communities to have a self-regulated and an incentivise good behaviour.
• It will allow landlords to view the actions and the reply of property managers.
• It will highlight available properties that do not meet the required standards or that have the capacity to put the health of tenant’s at risk.
• Landlords will be allowed to make a fact-based decision and not blacklist a section of the society, as the group is deemed high risk.
AN OVERVIEW OF THE INDUSTRY.
The market of the property portal is worth over a $100 billion, each of this market has monopolistic or duopolistic companies. These available values constantly increase every year.
In order for the effort return of these property portals to be made available to shareholders, the generated revenue per employee shows that they will be able to generate a really high return with an operational cost that is minimal.
ANALYZING THE PROPERTY PORTAL.
The network will focus on the European and Middle East market, which will be followed by Asia and Africa.
The presence of the network on the blockchain signifies that they are guardians of the network, it is run by the community (nodes).
TECHNOLOGICAL SOLUTIONS ADAPTED BY OPENBRIX.
In order to make the network function effectively, the following technical solution has been provided:
• The use of a current model.
• An availability of future options.
HERE Is THE WAY OPENBRIX PLATFORM WILL COMMERCIALIZED.
• Some of the members which include vendors will have to purchase the BRIX tokens this is to make them become active members on the network.
• When we have our own crypto exchange, there will be an easy integration into the OpenBrix website.
• Customers will make use of internal exchange engine to exchange their fiat currency into BRIX tokens during the period of the transaction.
• Vendors will be able to exchange BRIX back to fiat.
• The immediate peer to peer transaction on the blockchain and the internal exchange engine will make it possible for members to be able to exchange the BRIX tokens into fiat currency.
• The provision of properties to sell or lease.
• The provision of property intelligence.
• The connection of the third party.
THE INCOME.
OpenBrix will have to generate income, this is to ensure that the platform becomes self-sustainable and commercially valuable on a long-term base.
THE AVAILABILITY OF A MEMBERSHIP FEE.
OpenBrix will provide to the network community, a safe, secure, transparent and frictionless network to the property community.
THE DATA ANALYTICS.
OpenBrix will have their own data insight centre, which will be led by two of UK leading data scientists from academia and the central government to turn data into important and meaningful insights.
THE UTILISATION OF TOKEN.
One other way of income generation is through the utilisation of tokens, OpenBrix will help to maintain a reserved portion of BRIX, which will be used for the cost of future development.
BRIX tokens can be utilized in the following ways:
• The transaction will be stamped on the ledger, whenever a transaction occurs on the ledger. The cost of the transaction will be covered by a certain fraction of the BRIX token.
• The transfer of rent and the purchase of the property.
OPTIMISATION OF TOKENS, THE PROCESS OF BUY, BACK AND BURN.
Customers are greatly valued at OpenBrix, as well as shareholders and token holders.
OpenBrix happens to be the only company that has a business model set up to return value to each group.
OpenBrix are the inventors of the buyback and burn strategy, the strategy will make use of OpenBrix to use future company profits to raise the value of token holders and as well put the focus on the creation of a viable and a self-sustainable business for customers.
CONTROLS AND REGULATIONS.
• Availability of trust.
• A readymade regulation.
• Availability of KYC (Know Your Customer) policy.
• The presence of token exchange.
• There is a community control.
• The presence of a governing board.
• Different modes of payment.
ANALYZING ITO (INITIAL TOKEN OFFERING).
The whitepaper launch and website were January 2018.
The private ITO sale is July 2018.
The pre-sale ITO is August 2018.
HERE IS THE EXPECTED DELIVERABLE TIMETABLE.
On the 1st of January 2019, there should be a launch of the user journey and user research.
On the 1st of March 2019, there should be a demo launch platform for the testing user.
On the 1st of June 2019, there should be an Alpha launch.
On the 1st of August 2019, there should be a soft launch for an estate agent and landlord integration in the United Kingdom.
On the 1st of September 2019, there should be a Launch Beta (UK).
On the 1st of January, 2020, there should be a launch of a public marketing campaign in the UK.
On the 1st of July, 2020 there should be a user launch on the journey and user research in Germany.
On the 1st of September, 2020 there should be a soft launch of an estate agent and landlord integration in Germany.
On the 1st of January 2021, there should be a launch beta in Germany.
On the 1st of July 2021, there should be a public launch in a marketing campaign in Germany.
On the 1st of September 2021, there should be a launch on the user journey and user research (Spain).
On the 1st of January 2022, there should be a soft haunch for an estate agent and the integration of landlord in Spain.
On the 1st of July 2022, there should be a launch beta in Spain.
On the 1st of September 2022, there should be a public launch in a marketing campaign in Spain.
On the 1st of January 2023, there should be a launch of user journey and user research in Eastern Europe.
On the 1st of January 2014, there should be a user launch on journey and user research in the Middle East.
On the 1st of January 2025, there should be a user launch in the journey and user research in Asia.
AVAILABLE RISK WITH THE TOKEN.
• There is a risk of losing access to BRIX.
• There is a risk of hacking and security weakness.
• There is a risk associated with markets for BRIX.
• The available risk of ICO market.
• There is a risk of uninsured loss.
• There is a risk associated with uncertain regulations and the actions of enforcement.
• The arising risk from taxation.
• There is a risk associated with KYC.
• There is a risk associated with OPENBRIX platform deployment delays.
• The risk associated with the quantity of BRIX.
• There could also be unanticipated risks.
SOURCE
Website
Whitepaper
Lightpaper
Twitter
Facebook
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Reddit
Linkedin
Medium
Ann
Authored by: geeboy88
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