Block66 (B66) ICO

updated 27 September 2018

Block66 is developing a new mortgage lending platform that leverages blockchain technology.

Status: ended
Public sale: 06 Sep`18-20 Oct`18
Cap: 12 285 000 USD
Goal: 12 285 000 USD
Price: 1 B66 = 0.1 USD
Blockchain: Ethereum
Offering type: Utility
Country: Canada
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Abstract

 

Block66 is building a new blockchain-enabled marketplace for mortgages. Institutional and private lenders can use the service to offer loans to a wide range of borrowers, introduced by Block66 broker partners. Through the practical use of smart contracts, loans can be taken from origination to facilitation, quickly and efficiently. All loans are also represented as tradable tokenized securities, providing a liquidity mechanism as standard. The ability to trade fractions of loans, and reduced order and issuing fees makes investing more inclusive, providing an attractive investment vehicle for all manner of investors. Thanks to the use of cryptocurrency, Block66 eliminates the need for a bank account, overcomes geographical lending restrictions and reduces counterparty risk to mere minutes. For borrowers, the transparent and competitive nature of the marketplace will benefit the consumer and give them confidence that they’re getting near enough the best offer achievable.

 

Comments2

1

Block66 is not a typical real estate ICO. It is not a crowdfunding real estate platform, which is 99% of what's out there.

 

Block66 has a team of entrepreneurs who've sold businesses in the past, are in the mortgages space (CEO has owned a mortgage company for 5+ years, CPO sold a P2P lending company in the UK, advisors have worked with Habito, a $250M UK real estate startup).

 

It's not necessarily a "sexy" space, but it's required for 99% of real estate transactions, and will get a fee from almost every single real estate purchase, creating a stream of tokens for B66 token holders.

0

I agree.