Question 1

What is Blocksquare Token (BLOCKSQUARE)?

Accepted Answer

Blocksquare Token (BLOCKSQUARE) operates within the Blocksquare ecosystem, a blockchain-based infrastructure aimed at the tokenization of real estate assets. BLOCKSQUARE serves as a governance token, playing a crucial role in the Oceanpoint ecosystem. Holders of BLOCKSQUARE have the authority to vote on proposals via Snapshot, provided they first deposit and stake their tokens in the Governance pool. This staking mechanism also allows BLOCKSQUARE holders to passively accumulate more tokens as the ecosystem grows, enhancing their involvement in the platform's development and decision-making processes ​​.

Question 2

What is Blocksquare Token (BLOCKSQUARE) used for?

Accepted Answer

The primary use of BLOCKSQUARE is to facilitate governance within the Blocksquare ecosystem, particularly focusing on real estate tokenization. The tokenization process offers a way to digitize real estate assets, making it possible to divide any real estate property into up to 100,000 tokens. This innovative approach lowers entry barriers for investors, allowing for broader participation in real estate investment opportunities. Additionally, the Blocksquare ecosystem includes a white-label platform for launching investment marketplaces and a DeFi bridge, named Oceanpoint.fi, to connect real estate owners with decentralized financial markets. The overarching goal of Blocksquare and BLOCKSQUARE is to increase liquidity in the real estate market, enabling a more dynamic and accessible investment landscape.

***The official Blocksquare Token ticker is “BST” and trades under that name on all the exchanges where it has been listed. The designation “BLOCKSQUARE” is for CryptoCompare.com only.***