BRIKCOIN (BRIK)

What is BRIKCOIN

BRIKCOIN has developed a unique financial model to answer the huge deficit in the affordable housing availability in the UK while solving the lack of liquidity for investments into private developments.

According to research undertaken by housing charity - Shelter, 3 million new affordable homes need to be built in the UK by 2040. Currently, just 6,000 homes are being built every year.

Deploying blockchain technology, BRIKCOIN aims to build, acquire or redevelop property in an aim to create 100% affordable housing properties.

Blockchain technology, the only way forward

Currently, investors in private development companies and funds cannot liquidate their investment quickly. When faced with mass liquidation of investor stakes, the companies have to, in turn, liquidate their property assets at below market rates to return funds.

Blockchain technology is currently the only way to solve the UK’s social housing crisis whilst involving the community and securing investors benefits and liquidation. James Hare, CEO and Founder of BRIKCOIN states: “Of all the benefits of blockchain, liquidity is the kicker for BRIKCOIN. Property investment is an inherently illiquid asset class. BRIKCOIN’s model allows investors to liquidate their investments on global cryptocurrency exchanges, 24/7.”

James Hare got his hands onto blockchain technology early 2017 and has since been working on the BRIKCOIN model. James’s 20 years’ experience in the property industry and his financial background helped him figure out how blockchain could finally be the technology needed to shape his solution: “I was already working on a conventional affordable housing solution, an issue close to my heart, and at that time I was also beginning to learn more about cryptocurrencies and the benefits of blockchain technology. I then thought, what if we could create a truly cross border effect, to combine blockchain technology with a centuries old understanding; land and property. The outcome is BRIKCOIN.”