BBK: Unlock date, token supply, and why you should HODL

tokenization investing finance ethereum blockchain

Brickblock tokens (BBK) will be unlocked for trading on July 11th, 2018 at 1 p.m. UTC / 3 p.m. CEST. If you do not have Brickblock tokens, this will be your first chance to buy BBK since they were sold during our ICO.

BBK will be listed on (under the Time-Limited section), IDEX, and BitMart.

Token supply

We will burn all unsold BBK after ConsenSys Diligence’s finishes auditing our smart contract ecosystem. The current audit will ensure that our smart contracts are as secure as possible before MainNet deployment (the first audit determined that there were no critical or major findings). The precondition for burning BBK is a deployed Access token contract. We expect to deploy the Access token contract and burn unsold BBK tokens by Q3, latest early Q4.

All unsold tokens from the token sale will not be moved out of the smart contract until they are burned. Company tokens will be locked for three years and are not part of the circulating supply.

After the token burning event, BBK supply will be:

◆ Total: 265,000,143.34
◆ Circulating: 90,000,143.34*

Number of decimals:
Token symbol:

* In the circulating supply we included investor tokens, which are locked up for up to three years through a smart contract. That means the initial circulating supply will be smaller. To avoid confusion caused by changing any official stats during the next three years, we have listed the gross total above.

Why you should HODL BBK

Brickblock’s mission is to establish the global standard for security token offerings within a regulatory compliant legal framework. Our Proof-of-Asset (PoA) tokens are the proposed standard for such offerings. To ensure the acceptance of our standard, we and our clients are constantly in contact with regulators and lawyers across several European jurisdictions. Once the legal framework has been ratified by a regulatory authority, we will be ready to tokenize $1.4+ billion worth of real estate assets for which we have already signed letters of intent.

Brickblock tokens (BBK), meanwhile, perform a very specific utility in the Brickblock ecosystem, essentially functioning as fee credit fountains to provide access to Brickblock clients’ offerings, comparable to holding a software license.

So, why should you, our community of more than 20,000 BBK owners, HODL?

BBK can be activated to automatically generate Access tokens (ACT). This is done with just one click. Access tokens (ACT) are used to pay for all Brickblock transaction fees (i.e. when an asset is fully funded). BBK owners can then claim the ACT in proportion to the amount their tokens generated*. The more transactions that are facilitated within Brickblock’s smart contract platform, the more ACT are generated.

Like BBK, ACT are ERC20-standard tokens and can be traded. You can learn more about Brickblock’s token structure here.

*The amount of ACT you generate is dependent on the number of BBK that you activated in proportion to the total number of activated BBK, as well as Brickblock’s transaction volume.

Moving BBK out of the bonusDistributionAddress contract

For transparency: Shortly before Brickblock tokens (BBK) are to be unlocked for trading, we withdrew all outstanding BBK from the bonusDistributionAddress contract. These tokens were distributed to early backers, private investors, advisors, partners, and bounty and airdrop participants. They were also used to pay legal fees and Brickblock employee bonuses. Furthermore, we moved portions into company-controlled HD (Hierarchical Deterministic) wallets so each department can efficiently manage its own share of tokens for future services with an individual private key.

BBK: Unlock date, token supply, and why you should HODL was originally published in on Medium, where people are continuing the conversation by highlighting and responding to this story.

Original article was created by: at

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency or ICO.

Interested in Cryptocurrencies and ICO's?

Follow our telegram channel for daily cryptomarket reports!

Join @cointrends

Stay on top of Altcoins and ICO trends.

Subscribe to our free Weekly Cryptomarket report

Delivered once a week, strongly to your inbox.

Subscribe to our mailing list
October 04, 2018

The world’s first tokenized real estate fund

Launching the world’s first tokenized real estate fundWe’re excited to announce a strategic partnership with Peakside Capital Advisors AG that will merge institutional real estate investment management with the benefits of blockchain technology.The partnership will see Peakside Capital...

September 21, 2018

ConsenSys Diligence delivers final audit report on Brickblock smart contract ecosystem

Today is a big day for us.It’s been a remarkable journey in just a short amount of time. What started as a few people nerding out on blockchain, Ethereum, and decentralization, with the first proof-of-concept in early 2017, has evolved into partnerships with leaders in the blockchain space...

September 18, 2018

Join the Brickblock Bug Bounty Program

We’re excited to announce the launch of the Brickblock Bug Bounty Program!After ConsenSys Diligence’s successful audit of our smart contract ecosystem (official release coming soon), it is now time to give our community the opportunity to review our codebase ahead of the upcoming...

August 02, 2018

July Update and Review

Welcome to our monthly update and review. While work is being done to facilitate the first asset listings on our platform, we have been improving our user flows, UI/UX designs and automating tasks for future asset listings.Our trips to conferences in Europe, New York, Hong Kong and London mark...

July 11, 2018
July 06, 2018

Why you should HODL Brickblock tokens (BBK)

Brickblock’s mission is to establish the global standard for security token offerings within a regulatory compliant legal framework. Our Proof-of-Asset (PoA) tokens are the proposed standard for such offerings. To ensure the acceptance of our standard, we and our clients are constantly in...

Upcoming ICO's
This week overview
Token Name Starts
CDRX (CDRX) logo CDRX (CDRX) 1 days
SkyMap (SKYM) logo SkyMap (SKYM) 1 days
Aditus (ADI) logo Aditus (ADI) 2 days
PlayChip (PLA) logo PlayChip (PLA) 3 days
Stem Cell (SCIA) logo Stem Cell (SCIA) 3 days
Nodvix (NVDX) logo Nodvix (NVDX) 4 days
B21 (B21) logo B21 (B21) 5 days
Coingrid (CGT) logo Coingrid (CGT) 5 days
Empleos (PLEO) logo Empleos (PLEO) 7 days
Cryptocurrency rates
*Last hour average price&change
Coin Name Price Hour
Bitcoin logo BTC $5610.24428205 -0.03%
Ripple logo XRP $0.5061885578 -1.49%
Ethereum logo ETH $176.272310756 -0.41%
Bitcoin Cash logo BCH $380.780862866 -3.51%
Stellar logo XLM $0.2502607033 0.03%
EOS logo EOS $4.6124946577 -0.49%
Litecoin logo LTC $42.5886274204 -0.51%
Tether logo USDT $0.9874324497 -0.03%
Cardano logo ADA $0.0618950988 -0.53%
Monero logo XMR $89.4743906935 -1%
Tronix logo TRX $0.0190612693 -0.09%
IOTA logo IOT $0.4170974521 -0.33%