GateLive AMA Recap-Blocksquare
Q1: What is Blocksquare?
Blocksquare is an infrastructure provider for real estate tokenization. Established in 2017, Blocksquare aims to address the liquidity challenges inherent in traditional real estate markets. By converting real estate properties into digital tokens, Blocksquare facilitates faster, more flexible trading and broader investment accessibility. Blocksquare also features a unique white-label solution, allowing businesses to tokenize and trade real estate assets seamlessly. Central to its eco is the BST token, which provides staking, governance, technology license discounts and investment opportunities.
Q2: Success story / how did it start, who is involved, how many properties have been tokenized to date and operating marketplaces?
How It Started:
Blocksquare was co-founded in 2017 by Denis Petrovcic and Victor, driven by the vision to address liquidity challenges in the real estate market. Their mission was to make real estate investments more accessible and flexible by leveraging blockchain technology.
Who Is Involved:
The founding team includes experts from various industries, including finance, marketing, and technology. Denis Petrovcic, the CEO, has played a pivotal role in steering Blocksquare through its early challenges and establishing it as a leader in real estate tokenization.
Achievements to Date:
Since its inception, Blocksquare has successfully tokenized over $100 million worth of real estate assets. The infrastructure is used by currently 11 marketplaces, providing a seamless experience for businesses to tokenize and trade properties. Blocksquare’s innovative approach has made significant strides in making real estate investments more liquid and accessible. Marketplaces also provide the secondary market feature. Oceanpoint.fi is Blocksquare’s Defi bridge and the latest update v0.5 provides the first RWA launchpad to the market.
Q3: What is BST & staking on Oceanpoint?
BST Token: BST (Blocksquare Token) is the native utility token within Blocksquare’s eco, playing a crucial role in facilitating decentralized real estate transactions. It is designed to provide various functionalities such as staking, governance, and investment opportunities. BST holders can participate in the Oceanpoint eco, which integrates these tokens into a broader framework of real estate tokenization.
Staking on Oceanpoint: Staking BST tokens on Oceanpoint allows users to lock their tokens into the platform in exchange for rewards. This process supports the network’s stability and security, and stakers receive rewards based on the amount and duration of their stake. Moreover, staking grants governance rights, enabling participants to vote on critical decisions and initiatives within the Oceanpoint eco, thus promoting a decentralized governance model.
Q4: New Banxa integration and what it means for Gate.io users and how does it help for easier access to RWA?
The integration of BST on Banxa simplifies the process of purchasing cryptocurrencies using fiat currencies. This enhancement provides Gate.io users with easier and quicker access to BST, an also on Oceanpoint.fi and within Blocksquare’s tokenization marketplaces to invest in Real-World Assets (RWA) like tokenized real estate using credit card and fiat payment solutions. The integration facilitates smoother transactions by allowing seamless conversion of fiat to crypto, thereby improving market liquidity and broadening the scope for new investors entering the market.
Q5: How is Blocksquare different to other RE tokenization projects?
It has successfully tokenized over $100 million in real estate and is transitioning into a decentralized autonomous organization (DAO) to involve the community in governance. Additionally, the BST token integrates staking, governance, discounts and investment opportunities, offering a comprehensive and user-friendly platform.
