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Starting with a quick note for readers, this Brickken review highlights BeInCrypto’s early impression of the platform. It presents an overview of what’s on offer and how the platform aims to leverage blockchain technology to democratize fundraising under the safety of existing regulatory frameworks.
We plan on covering Brickken in more detail in the coming weeks. Especially as the project releases its whitepaper and then moves onto the next major milestones, i.e. the rollout of the Brickken dApp and the $BKN utility token.
Let’s start with the basics first.
What is Brickken and why should you care?
Brickken likes to pitch itself as a blockchain tokenization platform that “provides investors with new opportunities of generating passive income, by opening new markets to the world.”
Basically, it aims to serve two distinct user groups on two conjoined fronts:
- It offers businesses including startups a decentralized way to raise funds by issuing security tokens. The platform divides the total valuation of a business into a limited number of tokens of equal value and rights. These tokens are then made available in the open market for investors to buy and trade.
- With Brickken, investors of all types can purchase these tokens issued by businesses that they see as having long-term potential. They can even invest in real estate and early stage startups. As you probably know, this can be otherwise very complicated if pursued through the traditional investment avenues.
Problems Brickken wants to resolve using blockchain
The funding dilemma
A 2019 study by the US-based fintech and data platform Kabbage claims that 58 percent of small businesses typically start with less than $25,000 during their startup phase. Nearly 33% start with $5,000 or less.
A similar survey by crowdfunding platform Fundable reveals that only 0.91% of startups secure funding from angel investors. A measly 0.05% attracts VC funding. The rest are left to fend on their own using savings,…
