CurveBlock is yet another British blockchain project that makes an effort to merge the real estate market with the blockchain technology. This particular one has developed a prototype of a platform for peer-to-peer investments in projects that operate in the property development sector. The return on such investment comes in the form of a profit-sharing scheme that may well turn into a stable source of passive income.
CurveBlock is being developed on the basis of the Stratis, the BaaS platform also known as the blockchain for enterprises, which helps companies launch individual sidechains, thus relieving them of the need to run an entire blockchain infrastructure single handedly.
In order to give a much-needed financial boost to two development projects, which are being carried out under the auspices of CurveBlock, the team organized a sale of the native token CBUK, the primary investment/payment vehicle on the platform.
CurveBlock promises to pay each investor in their projects, as well as holders of CBUK tokens, direct dividends to the company’s own POS Smart Wallet, which will also serve as secure storage of crypto assets. The staking of tokens will give their owners the voting rights to decide on the upcoming development projects as well as on allocation of funds for charitable purposes.
CurveBlock went through several rounds of seed funding in late 2018 and early 2019, and even partook in the accelerator program of NatWest Bank. After the conclusion of the public sale of CBUK tokens, the project plans to launch a crypto exchange, POS wallets, and initiate the development of some property development project, which will continue throughout 2020. Over the course of that year, CurveBlock also plans to pay first dividends and launch the development projects on a global scale.
CurveBlock has the largest audience on Twitter, where it amounts to 5,579 followers, next comes Telegram - 3.058 members of the corresponding group, but displays a weak presence on Facebook with only 630 followers. The project publishes new content at least once a week, but usually get a mediocre response.
The sale of CBUK, which is compliant with SRC-20 protocol, will be held until September 30, or until the hardcap of 50 million GBP is reached. The price of 1 CBUK is 0.2 GBP with no minimum investment limit imposed. The project accepts Bitcoin, Ethereum, and fiat. Passing KYC is mandatory. No restrictions have been applied with regard to the citizenship of potential investors.
|Start||March 31, 2019|
|End||September 30, 2019|
|Soft cap||$5 000 000|
|Hard cap||$50 000 000|
|Minimum investment||1 CBUK|
|Tokens for sale||500000000|
|Accepting||ETH, BTC, Fiat|
Investing in real estate now, when we are on the brink of a new global economic recession, is lightyears away from being a rational decision. I hold nothing against CurveBlock in particular, it appears to be a legit startup with a sound idea at its core. But the timing for the market entrance was chosen badly, which means that the entire industry will soon face the problems so big that there would be no means for the survival of a fledgling blockchain project.
CurveBlock seems like an all-around good startup: the team is competent and experienced, the objective is feasible, and the concept is solid. One thing that worries me about this, and other blockchain projects that emerge in this sector, is the looming global financial crisis, which usually hits the development industry the hardest. I would hate to see CurveBlock collapse because of the external reasons, but there is a strong possibility of that, so I would advise being cautious.
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