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    Here are answers to some frequently asked questions. For any further enquiries please email participate@brikcoin.net and we will try to answer as best we can.

    When do you think you will have the first property  built and occupied so that we know the concept works?

    Our timeframes for completion range from 8-24 months dependant on the type and size of each of our schemes. We are currently tabling several sites and reviewing the development funding structures for the same. Over the coming weeks, we will be announcing via press releases, a strategic ‘A-to-Z projects delivery partnership’ with several best in class companies to deliver the first of many BRIKCOIN schemes.

    Have you got anything agreed with any local authority or landowner at the moment to move forward with the scheme?

    We are in direct communication at the highest level with 18 of the 32 London Boroughs and have on going communications with the GLA, again at the highest level alongside Government ministers. Furthermore, we have forged strong ties with many other Local Authorities throughout the country, garnering the support of local MP’s and SCS’s. As a private developer, BRIKCOIN will be moving forward with several schemes over the coming months.

    How would I sell the coins at a later stage and what would be the process?

    Liquidity is one of the benchmarks of our business model and that is where blockchain tokens excel. We are working to form partnerships with several large cryptocurrency exchanges to list our token. Announcements will be made on the first exchange before the end of the token sale. These exchanges have millions of pounds worth of volume in trading every day. They are open around the clock to investors from all around the world, so the tokens will be very liquid.

    If I have gained in coin value how do I go about ensuring my investment as a tax efficient possible?

    Each country has its’ own tax rules and regulations. Please have a look at the UK Governments Policy Paper ‘Cryptoassets for individuals’ and a summary article from Coin Telegraph:

    https://www.gov.uk/government/publications/tax-on-cryptoassets/cryptoassets-for-individuals

    https://cointelegraph.com/news/united-kingdom-releases-tax-advice-for-cryptocurrency-investors

    Do I have to declare this investment on my tax return?

    Kindly see below a link to the UK Governments Policy Paper ‘Cryptoassets for individuals’:

    https://www.gov.uk/government/publications/tax-on-cryptoassets/cryptoassets-for-individuals

    As the coins are not regulated under the FSA, how are you claiming that this is a scheme that would be of interest to pension fund holders who would not be allowed to enter into such agreement?

    It is the pension funds themselves that interact with the conventional side of our business in buying the 50-year leases. The pension funds will simply be buying the investment grade long-term fixed income strip from BRIKCOIN, the private company. They will have no transactions involving the coin. The coins are merely a security linked to the entire revenue growth of the company BRIKCOIN; we have revenue streams outside the sale of the lease to the pension funds, like property management fees, development fees and future blockchain developments.

    Is the company going to be registered in the UK and what will be the structure?

    The company is already registered in the UK as BRIKCOIN Ltd. Registered Office: Kemp House 160 City Road London EC1V 2NX. The public listing is available at: https://suite.endole.co.uk/insight/company/11968282-brikcoin-ltd

    If you build housing and the local authority decides not to move forward and also the key worker agencies and organisations don’t take up the offer, would you look at renting them out at open market rent as this would be more profitable and give investors a better return?

    Yes.

    If I recommend somebody to invest will I have a referral link?

    Yes, you will find it under the ‘Referral Tab’ on your dashboard at account.brikcoin.net Referring friends or family will give you a 10% bonus on any coins that they buy.

    How have you decided on the value of the coin?

    Initially, in the Crowd Sale, the token price will be £0.01 or 1 penny. We wanted to set our total market cap as low as possible, while having enough to cover operational costs, to create a situation where there was as much room for growth in the value of the token as possible. So we have a very lean core team and a lean marketing strategy to bring tokens to the public as affordably as possible. Raising £5 million for 50% of our coins, puts our valuation as one of the smallest companies in blockchain and definitely the smallest in our sector. Good news for early investors in BRIKCOIN.

    In reality, who is your competition in this marketplace as there would appear to be several other companies doing the same thing?

    We believe we are miles ahead of our competition in the real estate space for two reasons – firstly, we have a specific countercyclical niche that we target and secondly we have a new and totally unique development and financial model, thereby giving our investors far greater value. Most of the companies selling tokens for real estate have no real, transparent plan to invest that money and only promise you their supposed expertise. BRIKCOIN is already operational, showing you exactly how we will invest, build and deliver the profits. Our company is also giving away many more tokens for much less, which means that every investor has a bigger stake and we all have greater room to grow. Moving forward we will create more revenue streams that will all feed into the same company, including blockchain data storage for property data and much more.

    How secure are the servers that hold the data?

    The tokens are built on the Ethereum blockchain (ERC-20) so there is no risk of fraudulent transactions. As for your personal data for KYC during the token sale, our dashboard is built by a company that specialises in software for token sales and has handled dozens of similar fundraising platforms. We are working hard to make sure every precaution is taken to keep all your personal data safe and to only collect data that we absolutely need.

    Is the platform GDPR compliant and does it also comply with the Data Protections Act 2018.

    Yes, you will find a link to our privacy policy at the bottom of our homepage or at:

    https://www.brikcoin.net/privacy-policy/

    Who will own the deeds to the land and properties?

    BRIKCOIN the company will hold the deeds and the assets on their books and this in turn will be reflected in the value of the token.

    Can the coins be put in a trust for my Grandchildren?

    Yes, there are many companies online that draw up digital wills or you can set your wallet that holds the coin to be digitally transferred to anyone you wish. Additionally, there are hardware wallets available that you can store the coins on and physically transfer to your family or friends.

    BRIKCOIN and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.

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