BUILDCoin is freely tradable digital money, developed to revolutionize the construction industry through real-time, peer-to-peer payments within the BUILD1x Mobile Platform.
BUILD1x serves homebuilders, commercial builders, building supply and product manufacturers, contractors, sub-contractors, construction workers, architects, engineers, and companies that support the construction industry.
The construction industry is plagued by inefficiency, lack of transparency, delayed payments, insufficient and expensive funding. These problems unnecessarily raise the cost of construction, which is ultimately passed on to consumers. With the inception and rise of cryptocurrencies, nearly instant and low-cost transfers of value have become an everyday way of managing one’s assets. The underlying technology of cryptocurrencies is Blockchain technology. By utilizing the power of this digital asset distribution and decentralized distributed ledger system, the construction industry can achieve better transparency, improved efficiency, and a flat architecture where everyone has fast access to the funds they need.
BUILDCoin will provide a new financial infrastructure available to everyone in the construction industry with access to a smartphone.
The combination of BUILDCoin, the B1x Fund, and the BUILD1x Mobile App will provide the real-time ability to source and financially manage construction projects far more efficiently than today’s. This total “Build” solution brings efficiency, transparency, and a new level of trust to construction professionals. BUILDCoin is a cryptocurrency specifically for the construction industry. Though BUILDCoin will eventually be an open market currency, the initial launch will be utilized in the BUILD1x Mobile App and through the B1x Fund.
The BUILDCoin GEN is a centralized system deployed to the Ethereum Blockchain that is the coordinator of the smart contracts within the system, as well as the generator and distributor of BUILDCoin. Initially 250 million BUILDCoin will be generated. Future generation of BUILDCoin will be limited to an amount not to exceed 50 million BUILDCoin annually based on 75% of actual demand. Open trading of BUILDCoin will be through public exchanges beginning Q1 2018.
BUILDCoin is derived from an Ethereum ERC20 token and will be tradable among members of the BUILD1x mobile platform for products and services. BUILDCoin will be fully tradable on cryptocurrency exchanges under the trade symbol “B1x”. Real-world demand for BUILDCoin will come from peer-to-peer payments for products and services within the BUILD1x mobile platform as well as interest from cryptocurrency investors.