Launchpool AMA Recap — BrickTrade
Launchpool x BrickTrade AMA Summary
Date & Time: February 18th, 13:00 UTC
Guests: Guv Kang Founder and CEO
Host: Mickie (Launchpool Team)
Launchpool was excited to host Guv Kang, Founder and CEO of BrickTrade for an interactive Ask-Me-Anything session with the Launchpool Community. This AMA comes in anticipation of BrickTrades’s Allocation Mining Event on Launchpool on Monday Feburary 21st. The session lasted approximately 1hr, and consisted of questions from the Launchpool Team as well as questions from the Community.
Questions from the Launchpool Team
Hello and Welcome all LPOOLers, as many in our Community already know, today we have an AMA session with Guv Kang, Founder and CEO of BrickTrade. Bricktrade is an independent investment management firm focused on high value — low risk property investment opportunities.
As always, the chat will be muted for roughly 30 mins whilst we ask the pre-prepared questions. After this, we will open up to questions from the Community for another 15 mins. We will also enable “Slow Mode” for all questions.
Welcome, Guv Kang!
Guv Kang: Hello Everyone, glad to be here today with you all
Mickie: Please tell us a bit about yourself, your background and your involvement with the space.
Guv Kang: I am Guv Kang, Founder and CEO of Bricktrade. I have more than 15 years of experience in the real estate sector as the founder of Waterfronts.co.uk — a premium real estate agent located in London’s Docklands, with offices in Hong Kong. My expertise is in real estate sales and letting, development launches, redevelopment projects, property investment fundraising and managing relations with housing authorities.
Mickie: Great! Passion drives you to build BrickTrade. Could you tell us about the rest of the BrickTrade Team?
Guv Kang: We have brought together a very experienced team all if whom have in-depth knowledge of their individual industries and skill sets, such as Blockchain, property, asset valuation and acquisitions;
Jasbir Channa — Senior Quantity Surveyor
Mikael Kayanian — Senior Blockchain Architect
Mike Wilkins — COO
Antony S — Commercial Director
Vinay Gupta — Strategy Consultant
Jillian Godsil, MA, BA (hons) — Strategic Advisor & Brand Ambassador
Mickie: What problem are you trying to solve? What is the overall vision for the BrickTrade project?
Guv Kang: We are trying to solve a few issues at once and think we have developed answers for them all!
Firstly, the issue of low interest rates for savers on their money in the bank.
Secondly, the issue of property developers finding it hard to acquire finance for construction and the housing shortage.
Thirdly, the issue of property purchasing/investing for individuals is becoming nearly impossible, as you need a large initial injection of funds for the deposit.
Our mission is to revolutionise property finance and investing. Bricktrade is a property tokenization platform that utilises the power of the crowd to raise construction finance for property developers.
Our innovative structure coupled with blockchain tech makes property investing more liquid and accessible to investors, whilst simultaneously providing real asset backed investments. Bricktrade pays bank-beating interest rates to investors (100x) whilst improving access to capital for property developers.
Mickie: You won me at low interest rates. I agree that banks don’t have high offers. How are you differentiated from other similar projects?
Guv Kang: Bricktrade has a number of unique features;
- Invest and receive interest in Fiat and Crypto (we will be 1st in the UK)
- Bricktrade lowers barriers to entry for property investment — £500 to get started
- Blockchain and tokenization provide transparency and creates a secondary market of tradeable tokens
- Innovative legal structures to provide maximum investment security to investors
- Fully regulated and compliant platform
- Partnerships with security token exchanges
- Fractional ownership of assets
- Staking rewards
- Global platform
- Token holders and investors can win a property in the UK debt free
Mickie: Interesting features, surely we will look forward to it.
Guv Kang: Thanks, we are all so excited to launch!
Mickie: Where are you at in your roadmap? Could you please talk us through the next steps.
Guv Kang: What we have achieved so far is:
- Produced our Whitepaper
- Brought together an experienced Team
- Designed the platform
- Developed our Beta platform
- Developed our 2x apps (IOS & Android)
This is a new road map for the future
This roadmap is from Q4 2021 till Q2 2023, for which we are on target. We have our compliance team in place and are in the process of being regulated by the FCA. Our blockchain and skating functionality will be announced by the end of Q1 as will our listing of the $BRKT token on exchanges, currently pre listed on;
Mickie: Looking nice! Great progress for the team. How was the project funded up to this point? How will the funds from the pre-IDO be used?
Guv Kang: I have self funded (over 150k) since we started research and development of the platform in 2018, until our seed raise in December 2021. The funds raised by the pre-IDO will be deployed as follows;
5% Regulation & Compliance
15% Expansion & Franchising
15% Tech Development
Mickie: Are there any strategic partners (excluding Launchpool) that you can share?
Guv Kang: We have many strategic partnerships in place and more to announce in the coming weeks;
Alphabit & Tech Stars — Investors
Waterfronts — Lettings & Management
Crowd for Angels — FCA regulations
Eversheds & Harper James — Legals
Matterum — Smart Contracts
Certik — Smart Contract Audits
London & Capital — Wealth Management
Archax & Gate.io — Exchanges
TBA — Press Partner
Jillian Godsill — Brand Ambassadors
Mickie: Great team! What made you choose Launchpool as your launchpad partner for the AME?
Guv Kang: We were lucky to get into Launchpool Labs. We had explored the VC route for funding but an incubator suited our project much better. Launchpool has been on hand to provide support on building our MVP, creating our audience and assisting with token economics so that we can provide a very attractive investment for the Community. Together, in a few short months we have grown our audience dramatically and are well on our way to full launch! So we are very happy!
Mickie: Launchpool really is #morethanalaunchpad 🚀
✨ Special Announcement ✨
To welcome BrickTrade to Launchpool, we’ve teamed up to give away $2,000 worth of $BRKT tokens! We’re currently running a Gleam campaign with BrickTrade
👉 Just fill out the Gleam form for a chance to win❗😎
Mickie: What is the total allocation you’ve set aside for the Launchpool community? Are there any limitations or is the Allocation Mining Event open to everyone? Please list any countries that are excluded from the allocation event due to regulatory reasons.
Guv Kang: Excluded countries include: USA and sanctioned countries. Investors must register and pass KYC on Launchpool, then they will be able to access this opportunity via:
Mickie: Thanks for sharing this list for the knowledge of our Community. What happens after the AME? Could you talk us through the tokenomics: total supply, initial circulating supply, initial market cap, initial vesting, total vesting period (from launch until when will the last token be vested for), etc.
Guv Kang: In order to offer a structured and fair investment, our TGE takes place over 10 months where investors are given 10% of their allocation over the course of 10 months. The Initial Market Cap $545,000 post raise will be $1,545,000.00
Mickie: What are the use cases for the token? Do you have any mechanisms planned to support the DeFi component?
Guv Kang: $BRKT Token holders will have the ability to view and invest into various projects we will be listing on our marketplace, with all asset backed. We will also be introducing skating pools where we will purchase income generating build assets and share yields with our investors. We will also offer token staking with Yields of over 10% based on the amounts staked.
Token Holders will have many benefits such as;
- Early access to projects
- Get bonuses from their investments
- Early access to our property raffles — we will hold raffles where they can win a property debt free!!
- Rewards for staking
- We will be announcing more have also planned a buy back in 2024
Mickie: The community will surely keep an eye on BrickTrade. Where can we join your Community?
You can also find all our developments on our social channels;
Telegram Announcement Channel:
Mickie: Great! Thank you for sharing these updates with our Community. I will now open up the Community for questions from the floor.
Questions from the Launchpool Community
Question: Regulation is very important. Many projects were closed in many countries due to failure to use the correct regulations and permits. In order to go global how does BrickTrade intend to deal with these issues?
Guv Kang: We will shortly be approved with the FCA (a UK financial authority) to be authorised and regulated for:
- Crypto Assets
- Manage Client Funds
- Issue Securities
Question: How do you deal with the Community about trust, since trust is very important in investing?!
Guv Kang: I have personally been in the same business for over 15 yrs, with all of our clients having trusted us to look after their high value assets in London for the whole of that time, we only know the long term.
- We are a real company made of real people, with real assets and real contracts. We are not a Defi platform that can rug pull its audience as we have responsibilities to the Financial Conduct Authority
- We have spent 3 years developing our methodology, we are not looking to throw this away for short term gain, we are building a unicorn business
Question: Since your entry for property investment is £500 I’m interested to purchase property in BrickTrade. Please tell me the procedure for this?
Guv Kang: Once we launch our platform this year it will allow property developers to send us projects, we will then carry out full due diligence on them and also valuations, costings, timelines on the project and then these will be published for our Investors to be able to invest into the construction finance of the project or into the properties being built. With our partners Waterfronts we can rent and manage the property on the crowd of investors in each property.
For now you can register on our site and follow our progress and development updates on our social channels;
Mickie: Thank you Guv for your time in sharing all the info. We can’t wait for what’s ahead! Thank you to everyone that participated! This will be the end of our AMA. 🚀
Guv Kang: Thank you for being a great host Mickie. Thank you having me here today everyone, have a great weekend 🙏
Launchpool leverages communities, knowledge, expertise, contacts and capital to provide crypto projects with the best possible start to life, maximising their chances for success in this fast moving & dynamic space.
Bricktrade is a global marketplace that connects property developers to investors. Bricktrade will harness an FCA crowdfunding licence to pool investors’ money into property developments. Ultimately these investments will be tokenized and tradeable as asset backed securities, making it easier to trade property investments whilst reducing the cost of investing..