Brickblock tokens (BBK) are utility tokens that can be activated to fulfill their utility on Brickblock’s smart contract platform or deactivated and traded on exchanges.

1. Activated

Activated tokens automatically generate Access tokens (ACT), which are used to pay for all Brickblock transaction fees. When activated, BBK essentially function as fee credit fountains to provide access to Brickblock’s smart contract platform, comparable to holding a software license.

Both BBK and ACT are ERC20-compatible.

Brickblock tokens can be activated or deactivated with just one click. Activated BBK continue to generate ACT until they are deactivated (they are not burned). Deactivated tokens will not generate ACT, but can be traded.

2. Deactivated — Tradable

Like all ERC-20 tokens, BBK can be traded on exchanges. BBK is currently listed on gate.io, IDEX, and BitMart.

Access tokens (ACT)

Brickblock charges a fee for every transaction. This fee is paid in Access Tokens (ACT). 1000 ACT will be equal to the value of 1 ETH.

When fees need to be paid, the asset’s smart contract sends buy orders for ACT, which are generated by activated BBK tokens. BBK holders who have activated their tokens receive the buy order and proportionate number of ACT. They can then can then use their ACT to pay for transaction fees or trade them.

The BBK that generated the ACT continue to generate ACT for future transactions (the BBK are not burned).

Example: A building is fully funded for 20,000 ETH. Approximately 100 ETH worth of ACT are automatically generated by activated BBK tokens to pay for the transaction fee. The token holders whose tokens generated the ACT will receive a buy order from the smart contract. They can now redeem their ACT and choose whether to use it to pay for transactions or trade it to someone who needs to pay for a transactions.

Proof-of-Asset tokens (PoA)

Every asset sold through Brickblock’s smart contract platform issues its own unique Proof-of-Asset (PoA) tokens. PoA tokens are sold during an asset’s funding period and represent all the economic benefits of ownership. That means PoA token holders are legally entitled to the profits of the underlying asset.

Example: A building is sold for 20,000 ETH. The smart contract deploys and issues PoA tokens to investors proportionate to the amount they invested. PoA tokens will produce passive income for whoever holds them, which is periodically paid out in ETH. PoA tokens can be bought/sold/traded.

Disclaimer: The above mentioned token functions are subject to revision with changing regulation and legal opinion. Please refer to the terms and conditions for a more complete overview of token functions.