1671444553
In this article, we'll discuss information about the Brickken project and BKN token. What is Brickken (BKN) | What is Brickken token | What is BKN token?
Brickken is creating a dApp (decentralized application) which provides the infrastructure needed for companies to bring their assets on-chain and self-fund themselves via Security Token Offerings (STO), and for DAOs to be able to operate in a legally compliant environment. Our goal is to bridge offline to online, and web2 to web3 to prepare the world for a new fully tokenized reality.
Brickken’s protocol provides the user with an easy to use interface that is best-in-class, allowing to onboard companies, DAOs, investors, and service providers into a same ecosystem.
Brickken’s decentralized management system opens new opportunities for funding, governance, measure performance, and manage treasuries.
Values
Utilizing a decentralized platform presents two prominent challenges:
When dealing with standard securities, the ownership information of the investment product is recorded in a certificate which can take the form of a simple PDF. With a security token, the information is stored into an immutable blockchain and instead of a certificate being issued, a token is.
All countries have very precise and extensive regulations in relation to what securities are, how they must be issued, who can participate, who can buy them, and what protection investors are afforded.
Brickken aims to create a decentralized uniform protocol of security token issuance.
The goal is for any issuer of security tokens to use Brickken’s technology, and for this issuer to:
Additionally, it is important to consider that while the biggest complexity lies in providing a solution that is compliant from a regulatory and technological point of view, the financial structure and tokenomics of the security token issuance must adhere to the end goal of the project.
In this sense, the dApp must allow the issuer to establish what are the hard and the soft caps, what is the term or maturity of the loan in case of issuance of debt, or what is the shareholding allocation in the case of tokenized shares.
2. Security token smart contracts
Smart contracts will be utilized to create two entities: the ERC2011 BKN utility token and an STO factory. The latter will deploy ERC20 dedicated STO tokens and escrow contracts for each STO that is issued through Brickken’s dApp.
The BKN token will be the utility token associated with the dApp platform. With it, promoters can issue their own STOs.
The BKN utility token will be accessible via a Uniswap pool12. Promoters will need to acquire BKN to use the dApp. BKN is then used when performing STO activities.
Brickken aims to achieve the highest level of security, using audited libraries and smart contracts that follow the best practices to reduce attack vectors and possible exploits.
3. The BKN utility token
The BKN utility token will have two fundamentally different and well-defined stages: the pre-issuance and the public sale.
The objective of the pre-issuance stage is to allocate BKN utility tokens to future Security Token Offering (STO) issuers and different groups of people who trust in Brickken’s vision.
The public sale will be conducted after the pre-issuance period has ended.
At this stage, the BKN utility token will be placed through an IEO and subsequently in a Uniswap pool, which will be pre-funded with USDC (a stablecoin) and BKN to enhance possibilities of the dApp.
Brickken will need to fund the pool to establish a fixed starting price, since automated market makers, and in particular Uniswap, use the Constant Product Formula to establish the price based on BKN/USDC pair funds deposited in the pool.
Naturally, both x and y amounts (BKN and USDC) must be funded. The amount to be supplied is determined by the target starting price.
The utility tokens ERC20 contract will implement several functional advantages such as:
Tokenization
Any asset or business can be broken down in fractional parts that retain the form of tokens, with equal rights and values, that can be purchased by anyone, anywhere, at any time.
Brickken offers a market leading, legally compliant, decentralized platform to perform Security Token Offerings (STO´s) and investment management, making a secure, transparent, convenient solution in which to raise funds through tokenization.
Brickken’s dApp architecture is modular, based on microservices that connect to each other to facilitate the usage, upgradeability, and maintenance of the protocol.
Existing solutions must deal with the lack of scalability and costs associated with public blockchain networks such as the Ethereum mainnet. For this reason, the solution adopted in many cases is to use a private blockchain, renouncing decentralization as an objective.
Decentralization is a fundamental principle that governs Brickken’s existence, given the advancement of scalability and cost solutions, we are comfortable building on Ethereum’s mainnet.
To overcome this challenge, a solution is proposed based on the following flow:
Investors will accrue interest and/or dividends on their acquired security tokens, thereafter, according to the terms and conditions of the STO, the issuer must deposit the accrued interests or dividends in the escrow contract. This objective will be achieved through the following flow:
The next technological challenge is related to legal aspects. For any user to be able to invest in an asset tokenization, it is a legal requirement to successfully pass a KYC process. Brickken’s blockchain will comply with global data protection standards and applicable legislations, thus, cannot handle the personal data of users required for the on-chain KYC processes.
Therefore, Brickken will offer a hybrid solution where the KYC processes will be completed off-chain (outside the blockchain network); users are manually registered in a whitelist in the protocol’s smart contracts. Therefore, no personal data of the user is stored in the blockchain, but its registration will trigger whitelisting, and will pass through the blockchain using smart contracts to accept users who have previously passed their KYC successfully.
To overcome this challenge, a solution based on the following flow is proposed:
The issuance will have an initial limit of BKN [150,000,000].
Of this amount, the liquidity pool which will be created will be made by depositing 12,000,000 (8%) into the Uniswap pool to ensure the stability of the token; the pool will be funded with USDC. USDC is a stablecoin and it will come from a liquidity vault created from the value generated by the protocol from its business model.
The initial open price will be set by the relation between the 12.000.000 BKN coming from tokenization fee and the amount of money raised by all the companies brought on chain by the protocol. This implies that the price ratio is going to be determined by the added value that the protocol brings to the ecosystem at the time of closing the 12.000.000 BKN.
Uniswap is an automated liquidity protocol powered by a Constant Product Formula and implemented in a system of non-upgradeable smart contracts on the Ethereum blockchain. This removes the need for trusted intermediaries, prioritizing decentralization, censorship-resistance, and security. Uniswap is open-source software licensed under the GPL.
After the funding of the liquidity pool a percentage of the liquidity vault would be used to fund proposals on the Brickken DAO adding more stakeholders to the equation and allowing the protocol to grow in a decentralized way.
Tokenization will change the world as we know it. One of the main considerations of STOs is to allow smaller, less fortunate individuals and businesses, to access capital markets in a less restricted approach. For instance, certain undeveloped countries may lack the appropriate financial infrastructure to gain access to funding, or countries with questionable governments may suffer from corruption or other nation state related risks that may result in investors rejecting investment propositions from these countries.
To enable individuals and businesses to have the same access to capital markets as other more developed countries, Brickken is considering allocating a share of its profits to allow smaller individuals and businesses to obtain a discount on the cost of tokenization.
As mentioned, Brickken intends to develop a DAO. The purpose of the DAO will be to provide community members with decisional powers on protocol upgrades. For example, to incentivise the allocation of social funds to fund STOs which are governed by ESG parameters, general governance, and protocol upgrades.
The goal is to be as decentralized as possible with a major emphasis on involving the community, which will be crucial to the success of the project.
Incentivising the self-sustainability of the ecosystem by the use of BKN as the vehicle of investment
It is Brickken’s purpose to design and develop a self-regulated STO ecosystem. We acknowledge that certain limitations arise from full decentralization. Among others, it is possible that certain STO issuers intentionally try to misuse the ecosystem itself. Such decentralization makes it difficult to actually control who can and cannot access the ecosystem. As a result, Brickken will develop an embedded system that will carry out certain actions automatically and autonomously to safeguard investors’ interests.
Security Token Offerings (STOs) will have a collateral mechanism by which the BKN received by issuers carrying a tokenization from investors will be deposited in the escrow account taking the shape of stake. The escrow account will mint or slash the rewards which will be added or withdrawn to the balance of BKN Depending on the amount of BKN received and the behavior of the issuer.
The STO factory will incorporate a reward/penalty system by which Good Actors will receive staking in the form of BKN that could be sold or used to deploy additional STOs or services payable in BKN. On the other hand, Bad Actors will be penalized seeing their BKN deposits slashed and will be included on a Blacklist.
Allocation % | Allocation BKN | |
---|---|---|
Community Sale | 16,67 | 25.000.000 |
Warchest | 26,67 | 40.000.000 |
Team | 16,67 | 25.000.000 |
Liquidity Pool | 8,00 | 12.000.000 |
Advisors | 1,67 | 2.500.000 |
Airdrop | 1,00 | 1.500.000 |
Strategic Sale | 16,67 | 25.000.000 |
Public Sale 1 | 5,33 | 8.000.000 |
Public Sale 2 | 5,33 | 8.000.000 |
Community Incentives | 2,00 | 3.000.000 |
Total | 100 | 150.000.000 |
How and Where to Buy token?
You will have to first buy one of the major cryptocurrencies, usually Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
Once finished you will then need to make a BTC/ETH/USDT/BNB deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase token from the exchange.
Top exchanges for token-coin trading. Follow instructions and make unlimited money
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🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.
I hope this post will help you. Don't forget to leave a like, comment and sharing it with others. Thank you!
#bitcoin #cryptocurrency #token #coin
1671913486
crypto currency is really very popular now and many people can now easily start investing in it, and you can also try to play on the crypt. you only need to find a suitable site that you will trust. Here I can advise you an article where there is a list of verified sites. i'm sure you'll like them
1659601560
We are all in the gutter, but some of us are looking at the stars.
-- Oscar Wilde
WordsCounted is a Ruby NLP (natural language processor). WordsCounted lets you implement powerful tokensation strategies with a very flexible tokeniser class.
Are you using WordsCounted to do something interesting? Please tell me about it.
Visit this website for one example of what you can do with WordsCounted.
["Bayrūt"]
and not ["Bayr", "ū", "t"]
, for example.Add this line to your application's Gemfile:
gem 'words_counted'
And then execute:
$ bundle
Or install it yourself as:
$ gem install words_counted
Pass in a string or a file path, and an optional filter and/or regexp.
counter = WordsCounted.count(
"We are all in the gutter, but some of us are looking at the stars."
)
# Using a file
counter = WordsCounted.from_file("path/or/url/to/my/file.txt")
.count
and .from_file
are convenience methods that take an input, tokenise it, and return an instance of WordsCounted::Counter
initialized with the tokens. The WordsCounted::Tokeniser
and WordsCounted::Counter
classes can be used alone, however.
WordsCounted.count(input, options = {})
Tokenises input and initializes a WordsCounted::Counter
object with the resulting tokens.
counter = WordsCounted.count("Hello Beirut!")
Accepts two options: exclude
and regexp
. See Excluding tokens from the analyser and Passing in a custom regexp respectively.
WordsCounted.from_file(path, options = {})
Reads and tokenises a file, and initializes a WordsCounted::Counter
object with the resulting tokens.
counter = WordsCounted.from_file("hello_beirut.txt")
Accepts the same options as .count
.
The tokeniser allows you to tokenise text in a variety of ways. You can pass in your own rules for tokenisation, and apply a powerful filter with any combination of rules as long as they can boil down into a lambda.
Out of the box the tokeniser includes only alpha chars. Hyphenated tokens and tokens with apostrophes are considered a single token.
#tokenise([pattern: TOKEN_REGEXP, exclude: nil])
tokeniser = WordsCounted::Tokeniser.new("Hello Beirut!").tokenise
# With `exclude`
tokeniser = WordsCounted::Tokeniser.new("Hello Beirut!").tokenise(exclude: "hello")
# With `pattern`
tokeniser = WordsCounted::Tokeniser.new("I <3 Beirut!").tokenise(pattern: /[a-z]/i)
See Excluding tokens from the analyser and Passing in a custom regexp for more information.
The WordsCounted::Counter
class allows you to collect various statistics from an array of tokens.
#token_count
Returns the token count of a given string.
counter.token_count #=> 15
#token_frequency
Returns a sorted (unstable) two-dimensional array where each element is a token and its frequency. The array is sorted by frequency in descending order.
counter.token_frequency
[
["the", 2],
["are", 2],
["we", 1],
# ...
["all", 1]
]
#most_frequent_tokens
Returns a hash where each key-value pair is a token and its frequency.
counter.most_frequent_tokens
{ "are" => 2, "the" => 2 }
#token_lengths
Returns a sorted (unstable) two-dimentional array where each element contains a token and its length. The array is sorted by length in descending order.
counter.token_lengths
[
["looking", 7],
["gutter", 6],
["stars", 5],
# ...
["in", 2]
]
#longest_tokens
Returns a hash where each key-value pair is a token and its length.
counter.longest_tokens
{ "looking" => 7 }
#token_density([ precision: 2 ])
Returns a sorted (unstable) two-dimentional array where each element contains a token and its density as a float, rounded to a precision of two. The array is sorted by density in descending order. It accepts a precision
argument, which must be a float.
counter.token_density
[
["are", 0.13],
["the", 0.13],
["but", 0.07 ],
# ...
["we", 0.07 ]
]
#char_count
Returns the char count of tokens.
counter.char_count #=> 76
#average_chars_per_token([ precision: 2 ])
Returns the average char count per token rounded to two decimal places. Accepts a precision argument which defaults to two. Precision must be a float.
counter.average_chars_per_token #=> 4
#uniq_token_count
Returns the number of unique tokens.
counter.uniq_token_count #=> 13
You can exclude anything you want from the input by passing the exclude
option. The exclude option accepts a variety of filters and is extremely flexible.
:odd?
.tokeniser =
WordsCounted::Tokeniser.new(
"Magnificent! That was magnificent, Trevor."
)
# Using a string
tokeniser.tokenise(exclude: "was magnificent")
# => ["that", "trevor"]
# Using a regular expression
tokeniser.tokenise(exclude: /trevor/)
# => ["magnificent", "that", "was", "magnificent"]
# Using a lambda
tokeniser.tokenise(exclude: ->(t) { t.length < 4 })
# => ["magnificent", "that", "magnificent", "trevor"]
# Using symbol
tokeniser = WordsCounted::Tokeniser.new("Hello! محمد")
tokeniser.tokenise(exclude: :ascii_only?)
# => ["محمد"]
# Using an array
tokeniser = WordsCounted::Tokeniser.new(
"Hello! اسماءنا هي محمد، كارولينا، سامي، وداني"
)
tokeniser.tokenise(
exclude: [:ascii_only?, /محمد/, ->(t) { t.length > 6}, "و"]
)
# => ["هي", "سامي", "وداني"]
The default regexp accounts for letters, hyphenated tokens, and apostrophes. This means twenty-one is treated as one token. So is Mohamad's.
/[\p{Alpha}\-']+/
You can pass your own criteria as a Ruby regular expression to split your string as desired.
For example, if you wanted to include numbers, you can override the regular expression:
counter = WordsCounted.count("Numbers 1, 2, and 3", pattern: /[\p{Alnum}\-']+/)
counter.tokens
#=> ["numbers", "1", "2", "and", "3"]
Use the from_file
method to open files. from_file
accepts the same options as .count
. The file path can be a URL.
counter = WordsCounted.from_file("url/or/path/to/file.text")
A hyphen used in leu of an em or en dash will form part of the token. This affects the tokeniser algorithm.
counter = WordsCounted.count("How do you do?-you are well, I see.")
counter.token_frequency
[
["do", 2],
["how", 1],
["you", 1],
["-you", 1], # WTF, mate!
["are", 1],
# ...
]
In this example -you
and you
are separate tokens. Also, the tokeniser does not include numbers by default. Remember that you can pass your own regular expression if the default behaviour does not fit your needs.
The program will normalise (downcase) all incoming strings for consistency and filters.
def self.from_url
# open url and send string here after removing html
end
See contributors.
git checkout -b my-new-feature
)git commit -am 'Add some feature'
)git push origin my-new-feature
)Author: abitdodgy
Source code: https://github.com/abitdodgy/words_counted
License: MIT license
#ruby #ruby-on-rails
1658068560
WordsCounted
We are all in the gutter, but some of us are looking at the stars.
-- Oscar Wilde
WordsCounted is a Ruby NLP (natural language processor). WordsCounted lets you implement powerful tokensation strategies with a very flexible tokeniser class.
["Bayrūt"]
and not ["Bayr", "ū", "t"]
, for example.Add this line to your application's Gemfile:
gem 'words_counted'
And then execute:
$ bundle
Or install it yourself as:
$ gem install words_counted
Pass in a string or a file path, and an optional filter and/or regexp.
counter = WordsCounted.count(
"We are all in the gutter, but some of us are looking at the stars."
)
# Using a file
counter = WordsCounted.from_file("path/or/url/to/my/file.txt")
.count
and .from_file
are convenience methods that take an input, tokenise it, and return an instance of WordsCounted::Counter
initialized with the tokens. The WordsCounted::Tokeniser
and WordsCounted::Counter
classes can be used alone, however.
WordsCounted.count(input, options = {})
Tokenises input and initializes a WordsCounted::Counter
object with the resulting tokens.
counter = WordsCounted.count("Hello Beirut!")
Accepts two options: exclude
and regexp
. See Excluding tokens from the analyser and Passing in a custom regexp respectively.
WordsCounted.from_file(path, options = {})
Reads and tokenises a file, and initializes a WordsCounted::Counter
object with the resulting tokens.
counter = WordsCounted.from_file("hello_beirut.txt")
Accepts the same options as .count
.
The tokeniser allows you to tokenise text in a variety of ways. You can pass in your own rules for tokenisation, and apply a powerful filter with any combination of rules as long as they can boil down into a lambda.
Out of the box the tokeniser includes only alpha chars. Hyphenated tokens and tokens with apostrophes are considered a single token.
#tokenise([pattern: TOKEN_REGEXP, exclude: nil])
tokeniser = WordsCounted::Tokeniser.new("Hello Beirut!").tokenise
# With `exclude`
tokeniser = WordsCounted::Tokeniser.new("Hello Beirut!").tokenise(exclude: "hello")
# With `pattern`
tokeniser = WordsCounted::Tokeniser.new("I <3 Beirut!").tokenise(pattern: /[a-z]/i)
See Excluding tokens from the analyser and Passing in a custom regexp for more information.
The WordsCounted::Counter
class allows you to collect various statistics from an array of tokens.
#token_count
Returns the token count of a given string.
counter.token_count #=> 15
#token_frequency
Returns a sorted (unstable) two-dimensional array where each element is a token and its frequency. The array is sorted by frequency in descending order.
counter.token_frequency
[
["the", 2],
["are", 2],
["we", 1],
# ...
["all", 1]
]
#most_frequent_tokens
Returns a hash where each key-value pair is a token and its frequency.
counter.most_frequent_tokens
{ "are" => 2, "the" => 2 }
#token_lengths
Returns a sorted (unstable) two-dimentional array where each element contains a token and its length. The array is sorted by length in descending order.
counter.token_lengths
[
["looking", 7],
["gutter", 6],
["stars", 5],
# ...
["in", 2]
]
#longest_tokens
Returns a hash where each key-value pair is a token and its length.
counter.longest_tokens
{ "looking" => 7 }
#token_density([ precision: 2 ])
Returns a sorted (unstable) two-dimentional array where each element contains a token and its density as a float, rounded to a precision of two. The array is sorted by density in descending order. It accepts a precision
argument, which must be a float.
counter.token_density
[
["are", 0.13],
["the", 0.13],
["but", 0.07 ],
# ...
["we", 0.07 ]
]
#char_count
Returns the char count of tokens.
counter.char_count #=> 76
#average_chars_per_token([ precision: 2 ])
Returns the average char count per token rounded to two decimal places. Accepts a precision argument which defaults to two. Precision must be a float.
counter.average_chars_per_token #=> 4
#uniq_token_count
Returns the number of unique tokens.
counter.uniq_token_count #=> 13
You can exclude anything you want from the input by passing the exclude
option. The exclude option accepts a variety of filters and is extremely flexible.
:odd?
.tokeniser =
WordsCounted::Tokeniser.new(
"Magnificent! That was magnificent, Trevor."
)
# Using a string
tokeniser.tokenise(exclude: "was magnificent")
# => ["that", "trevor"]
# Using a regular expression
tokeniser.tokenise(exclude: /trevor/)
# => ["magnificent", "that", "was", "magnificent"]
# Using a lambda
tokeniser.tokenise(exclude: ->(t) { t.length < 4 })
# => ["magnificent", "that", "magnificent", "trevor"]
# Using symbol
tokeniser = WordsCounted::Tokeniser.new("Hello! محمد")
tokeniser.tokenise(exclude: :ascii_only?)
# => ["محمد"]
# Using an array
tokeniser = WordsCounted::Tokeniser.new(
"Hello! اسماءنا هي محمد، كارولينا، سامي، وداني"
)
tokeniser.tokenise(
exclude: [:ascii_only?, /محمد/, ->(t) { t.length > 6}, "و"]
)
# => ["هي", "سامي", "وداني"]
The default regexp accounts for letters, hyphenated tokens, and apostrophes. This means twenty-one is treated as one token. So is Mohamad's.
/[\p{Alpha}\-']+/
You can pass your own criteria as a Ruby regular expression to split your string as desired.
For example, if you wanted to include numbers, you can override the regular expression:
counter = WordsCounted.count("Numbers 1, 2, and 3", pattern: /[\p{Alnum}\-']+/)
counter.tokens
#=> ["numbers", "1", "2", "and", "3"]
Use the from_file
method to open files. from_file
accepts the same options as .count
. The file path can be a URL.
counter = WordsCounted.from_file("url/or/path/to/file.text")
A hyphen used in leu of an em or en dash will form part of the token. This affects the tokeniser algorithm.
counter = WordsCounted.count("How do you do?-you are well, I see.")
counter.token_frequency
[
["do", 2],
["how", 1],
["you", 1],
["-you", 1], # WTF, mate!
["are", 1],
# ...
]
In this example -you
and you
are separate tokens. Also, the tokeniser does not include numbers by default. Remember that you can pass your own regular expression if the default behaviour does not fit your needs.
The program will normalise (downcase) all incoming strings for consistency and filters.
def self.from_url
# open url and send string here after removing html
end
Are you using WordsCounted to do something interesting? Please tell me about it.
Visit this website for one example of what you can do with WordsCounted.
Contributors
See contributors.
git checkout -b my-new-feature
)git commit -am 'Add some feature'
)git push origin my-new-feature
)Author: Abitdodgy
Source Code: https://github.com/abitdodgy/words_counted
License: MIT license
1622197808
SafeMoon is a decentralized finance (DeFi) token. This token consists of RFI tokenomics and auto-liquidity generating protocol. A DeFi token like SafeMoon has reached the mainstream standards under the Binance Smart Chain. Its success and popularity have been immense, thus, making the majority of the business firms adopt this style of cryptocurrency as an alternative.
A DeFi token like SafeMoon is almost similar to the other crypto-token, but the only difference being that it charges a 10% transaction fee from the users who sell their tokens, in which 5% of the fee is distributed to the remaining SafeMoon owners. This feature rewards the owners for holding onto their tokens.
Read More @ https://bit.ly/3oFbJoJ
#create a defi token like safemoon #defi token like safemoon #safemoon token #safemoon token clone #defi token
1671444553
In this article, we'll discuss information about the Brickken project and BKN token. What is Brickken (BKN) | What is Brickken token | What is BKN token?
Brickken is creating a dApp (decentralized application) which provides the infrastructure needed for companies to bring their assets on-chain and self-fund themselves via Security Token Offerings (STO), and for DAOs to be able to operate in a legally compliant environment. Our goal is to bridge offline to online, and web2 to web3 to prepare the world for a new fully tokenized reality.
Brickken’s protocol provides the user with an easy to use interface that is best-in-class, allowing to onboard companies, DAOs, investors, and service providers into a same ecosystem.
Brickken’s decentralized management system opens new opportunities for funding, governance, measure performance, and manage treasuries.
Values
Utilizing a decentralized platform presents two prominent challenges:
When dealing with standard securities, the ownership information of the investment product is recorded in a certificate which can take the form of a simple PDF. With a security token, the information is stored into an immutable blockchain and instead of a certificate being issued, a token is.
All countries have very precise and extensive regulations in relation to what securities are, how they must be issued, who can participate, who can buy them, and what protection investors are afforded.
Brickken aims to create a decentralized uniform protocol of security token issuance.
The goal is for any issuer of security tokens to use Brickken’s technology, and for this issuer to:
Additionally, it is important to consider that while the biggest complexity lies in providing a solution that is compliant from a regulatory and technological point of view, the financial structure and tokenomics of the security token issuance must adhere to the end goal of the project.
In this sense, the dApp must allow the issuer to establish what are the hard and the soft caps, what is the term or maturity of the loan in case of issuance of debt, or what is the shareholding allocation in the case of tokenized shares.
2. Security token smart contracts
Smart contracts will be utilized to create two entities: the ERC2011 BKN utility token and an STO factory. The latter will deploy ERC20 dedicated STO tokens and escrow contracts for each STO that is issued through Brickken’s dApp.
The BKN token will be the utility token associated with the dApp platform. With it, promoters can issue their own STOs.
The BKN utility token will be accessible via a Uniswap pool12. Promoters will need to acquire BKN to use the dApp. BKN is then used when performing STO activities.
Brickken aims to achieve the highest level of security, using audited libraries and smart contracts that follow the best practices to reduce attack vectors and possible exploits.
3. The BKN utility token
The BKN utility token will have two fundamentally different and well-defined stages: the pre-issuance and the public sale.
The objective of the pre-issuance stage is to allocate BKN utility tokens to future Security Token Offering (STO) issuers and different groups of people who trust in Brickken’s vision.
The public sale will be conducted after the pre-issuance period has ended.
At this stage, the BKN utility token will be placed through an IEO and subsequently in a Uniswap pool, which will be pre-funded with USDC (a stablecoin) and BKN to enhance possibilities of the dApp.
Brickken will need to fund the pool to establish a fixed starting price, since automated market makers, and in particular Uniswap, use the Constant Product Formula to establish the price based on BKN/USDC pair funds deposited in the pool.
Naturally, both x and y amounts (BKN and USDC) must be funded. The amount to be supplied is determined by the target starting price.
The utility tokens ERC20 contract will implement several functional advantages such as:
Tokenization
Any asset or business can be broken down in fractional parts that retain the form of tokens, with equal rights and values, that can be purchased by anyone, anywhere, at any time.
Brickken offers a market leading, legally compliant, decentralized platform to perform Security Token Offerings (STO´s) and investment management, making a secure, transparent, convenient solution in which to raise funds through tokenization.
Brickken’s dApp architecture is modular, based on microservices that connect to each other to facilitate the usage, upgradeability, and maintenance of the protocol.
Existing solutions must deal with the lack of scalability and costs associated with public blockchain networks such as the Ethereum mainnet. For this reason, the solution adopted in many cases is to use a private blockchain, renouncing decentralization as an objective.
Decentralization is a fundamental principle that governs Brickken’s existence, given the advancement of scalability and cost solutions, we are comfortable building on Ethereum’s mainnet.
To overcome this challenge, a solution is proposed based on the following flow:
Investors will accrue interest and/or dividends on their acquired security tokens, thereafter, according to the terms and conditions of the STO, the issuer must deposit the accrued interests or dividends in the escrow contract. This objective will be achieved through the following flow:
The next technological challenge is related to legal aspects. For any user to be able to invest in an asset tokenization, it is a legal requirement to successfully pass a KYC process. Brickken’s blockchain will comply with global data protection standards and applicable legislations, thus, cannot handle the personal data of users required for the on-chain KYC processes.
Therefore, Brickken will offer a hybrid solution where the KYC processes will be completed off-chain (outside the blockchain network); users are manually registered in a whitelist in the protocol’s smart contracts. Therefore, no personal data of the user is stored in the blockchain, but its registration will trigger whitelisting, and will pass through the blockchain using smart contracts to accept users who have previously passed their KYC successfully.
To overcome this challenge, a solution based on the following flow is proposed:
The issuance will have an initial limit of BKN [150,000,000].
Of this amount, the liquidity pool which will be created will be made by depositing 12,000,000 (8%) into the Uniswap pool to ensure the stability of the token; the pool will be funded with USDC. USDC is a stablecoin and it will come from a liquidity vault created from the value generated by the protocol from its business model.
The initial open price will be set by the relation between the 12.000.000 BKN coming from tokenization fee and the amount of money raised by all the companies brought on chain by the protocol. This implies that the price ratio is going to be determined by the added value that the protocol brings to the ecosystem at the time of closing the 12.000.000 BKN.
Uniswap is an automated liquidity protocol powered by a Constant Product Formula and implemented in a system of non-upgradeable smart contracts on the Ethereum blockchain. This removes the need for trusted intermediaries, prioritizing decentralization, censorship-resistance, and security. Uniswap is open-source software licensed under the GPL.
After the funding of the liquidity pool a percentage of the liquidity vault would be used to fund proposals on the Brickken DAO adding more stakeholders to the equation and allowing the protocol to grow in a decentralized way.
Tokenization will change the world as we know it. One of the main considerations of STOs is to allow smaller, less fortunate individuals and businesses, to access capital markets in a less restricted approach. For instance, certain undeveloped countries may lack the appropriate financial infrastructure to gain access to funding, or countries with questionable governments may suffer from corruption or other nation state related risks that may result in investors rejecting investment propositions from these countries.
To enable individuals and businesses to have the same access to capital markets as other more developed countries, Brickken is considering allocating a share of its profits to allow smaller individuals and businesses to obtain a discount on the cost of tokenization.
As mentioned, Brickken intends to develop a DAO. The purpose of the DAO will be to provide community members with decisional powers on protocol upgrades. For example, to incentivise the allocation of social funds to fund STOs which are governed by ESG parameters, general governance, and protocol upgrades.
The goal is to be as decentralized as possible with a major emphasis on involving the community, which will be crucial to the success of the project.
Incentivising the self-sustainability of the ecosystem by the use of BKN as the vehicle of investment
It is Brickken’s purpose to design and develop a self-regulated STO ecosystem. We acknowledge that certain limitations arise from full decentralization. Among others, it is possible that certain STO issuers intentionally try to misuse the ecosystem itself. Such decentralization makes it difficult to actually control who can and cannot access the ecosystem. As a result, Brickken will develop an embedded system that will carry out certain actions automatically and autonomously to safeguard investors’ interests.
Security Token Offerings (STOs) will have a collateral mechanism by which the BKN received by issuers carrying a tokenization from investors will be deposited in the escrow account taking the shape of stake. The escrow account will mint or slash the rewards which will be added or withdrawn to the balance of BKN Depending on the amount of BKN received and the behavior of the issuer.
The STO factory will incorporate a reward/penalty system by which Good Actors will receive staking in the form of BKN that could be sold or used to deploy additional STOs or services payable in BKN. On the other hand, Bad Actors will be penalized seeing their BKN deposits slashed and will be included on a Blacklist.
Allocation % | Allocation BKN | |
---|---|---|
Community Sale | 16,67 | 25.000.000 |
Warchest | 26,67 | 40.000.000 |
Team | 16,67 | 25.000.000 |
Liquidity Pool | 8,00 | 12.000.000 |
Advisors | 1,67 | 2.500.000 |
Airdrop | 1,00 | 1.500.000 |
Strategic Sale | 16,67 | 25.000.000 |
Public Sale 1 | 5,33 | 8.000.000 |
Public Sale 2 | 5,33 | 8.000.000 |
Community Incentives | 2,00 | 3.000.000 |
Total | 100 | 150.000.000 |
How and Where to Buy token?
You will have to first buy one of the major cryptocurrencies, usually Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
Once finished you will then need to make a BTC/ETH/USDT/BNB deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase token from the exchange.
Top exchanges for token-coin trading. Follow instructions and make unlimited money
☞ Binance ☞ Poloniex ☞ Bitfinex ☞ Huobi ☞ MXC ☞ ProBIT ☞ Gate.io
🔥 If you’re a beginner. I believe the article below will be useful to you ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner
🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.
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