Block66
We're putting mortgages on the blockchain.
Pre-Sale Stage 1
Token sale is finished.
Starts September 6 2018
Ends September 20 2018
Public Sale Stage 1
Token sale is finished.
Starts September 20 2018
Ends October 1 2018
ICO details
  • Token
    B66
  • Platform
    Ethereum
  • Country
    United States
  • Whitelist/KYC
    KYC & Whitelist
  • Restricted areas
    USA, Iran, North Korea

Block66 is an innovative blockchain mortgage platform that streamlines and organizes the facilitation of residential and commercial financing. The primary goal of the platform is to reduce the amount of time, persons involved and money that it takes to complete a full mortgage cycle. Previously, real estate transactions on the blockchain required 100% funding upfront, which is no more with block66.

Block66 introduces the first platform where lenders can access a marketplace of vetted borrowers looking for mortgage finance. This marketplace is public, transparent, and highly automated, so lending is streamlined, with lower costs, and lower risks. Each loan is represented as a pool of “proof of loan” (PoL) tokens that can be individually resold to investors, providing lenders with liquidity, and empowering a diverse pool of investors.

Block66’s blockchain and smart-contract technology make it possible for lending contracts to be tokenized, and the flexibility and liquidity provided by Block66’s asset-backed tokens will open the mortgage market to a more diverse pool of investors. Each loan has its own smart contract, responsible for minting, selling, and tracking ownership of ifs PoL tokens. Block66’s cryptographically-secured smart contracts ensure the market remains public, transparent, and tamperproof.

A digital trust fund (DTF) ensures the safety of the underlying loan agreement, represented digitally as PoL tokens, by acting as custodian for the loan and collecting repayments – including accrued interest. Strict laws regarding trusts funds protect each mortgage even in the event of bankruptcy meaning that no party, including Block66, the broker, or anyone else can claim it.

Block66 infrastructure will be implemented as a decentralized application (dApp), and run on the Ethereum network. Brokers will be able to list clients as lending opportunities on the platform, after being thoroughly vetted by Block66 through proof of residence, credit reports, license verification, and criminal record checks. Proprietary software, as well as a network of partners, will be used for this purpose. Based on a personal risk/reward ratio, lenders can then select an investment from the offered mortgages to add to their portfolio.

At this point, Block66 will present the broker with explicit, comparable fees, and interest rates with which to advise the borrower.

Block66 software and API integrations will automatically verify the majority of files, limiting the need for an underwriter. These same checks will go a long way toward reducing incidences of mortgage fraud by flagging contentious applications. When dealing with more complex mortgages, virtual underwriters will validate documents in exchange for Block66 Network Tokens (BNET). Token mechanics are explained in more detail further on.

Over time, the Block66 team will look to make the distribution as far-reaching as possible for PoL tokens, and the Block66 ecosystem. To achieve this the team will partner with exchange relayers, such as 0x, as well as partnering directly with exchanges. The team will also take advantage of the TPL protocol to help manage Block66’s regulatory exposure.

Missing or incorrect data?
  • Joe Markham
    CEO
  • James Tuckett
    CTO
  • Vishal Karangutkar
    Solidity Developer
  • Gabriel Nicola
    Senior Developer
  • Carmelo Pullara
    Senior Developer
  • Krysta McCallum
    Chief of Staff
  • Ryan Sanger
    CFO
  • Anna de Grave
    Product Designer & Animator
  • Shingo Lavine
    Advisor
  • Kamil Mieczakowski
    Advisor
  • Piper Moretti
    Advisor
  • Hakim Thompson
    Advisor
  • Will Newman
    Advisor
  • Rob Beswick
    Advisor
  • Maurice Herlihy
    Advisor
  • Dom Wolf
    Advisor
  • Stanislas de Roquemaurel-Galitzin
    Advisor
Missing or incorrect data?
  • 1
    Q1 2017

    INCEPTION

    Block66 is conceived. Work begins on drafting the whitepaper and contact is made with some early advisors and team members.

  • 2
    Q4 2017

    WORK BEGINS

    Planning work begins on the Block66 platform. User journeys and operating flows are designed for the matching engine.

  • 3
    Q2 2018

    TOKEN GENERATION EVENT (TGE)

    TGE launch coming soon. Office build out begins. Wireframing and prototypes of platform produced.

  • 4
    Q3 2018

    DESIGN AND DISTRIBUTION PHASE

    Ramp up marketing and business development efforts. Form "Block66 Alliance" of customers. Move aggressively into product planning and design.

  • 5
    Q4 2018

    BUILD PHASE

    Alpha testing phase with first customers using the platform. First "Block66 Alliance" report.

  • 6
    Q1 2019

    RELEASE PHASE I

    MVP Launch, with first batch of on-chain loans funded and distributed via the network.

  • 7
    Q3 2019

    RELEASE PHASE II

    Loan tokenisation. Network users can trade on-chain securities on a fractional basis, with smart contracts ensuring that loan repayments are distributed to all token holders.

Token info
  • Token
    B66
  • Platform
    Ethereum
  • Type
    ERC-20
Pre-Sale and Public Sale info
  • Pre-Sale 1
  • Pre-Sale start
    September 6 2018
  • Pre-Sale end
    September 20 2018
  • PreICO Price
    1 B66 = $0.07
  • Discount
    33%
  • Available tokens
    40500000
  • Public Sale 1
  • Public Sale start
    September 20 2018
  • Public Sale end
    October 1 2018
  • Price in ICO
    1 B66 = $0.10
  • Available tokens
    94500000
Investment info
  • Accepting
    BTC, ETH, BCH
  • Soft cap
    3,000,000 USD
  • Hard cap
    12,285,000 USD
Missing or incorrect data?
Token allocation model
Use of funds model