# Introduction Blocksquare is an award-winning company lead by three co-founders with over 40 years of combined experience in tech, product, biz, legal and sales, developing the world’s leading blockchain-based real estate tokenization system. Businesses of all types — from startups to large enterprises — can use Blocksquare’s solutions and APIs to digitize value of real estate properties, launch their investment platforms and connect people to tokenized real estate deals online. ### Background Tokenization is changing how we invest in real estate. Taking us from a world where a property is transected once a decade, to a new reality where hundreds of transactions of that same real estate asset are executed within the minute! Real estate is the biggest asset class in the world. At the same time it’s also one of the most illiquid investments you can make. As a result, investors engage only in the top markets, leaving 100s of smaller markets suffering from illiquidity. Tokenization offers the ability to match available market demand by reaching investors of any size. A solution that can increase liquidity for a wider selection of players in the commercial real estate investment space. ### Vision Blocksquare's vision is to power 1000s of marketplaces across the globe, connecting investors to real estate opportunities in their region. With our real estate tokenization protocol entrepreneurs can start digitising real estate assets at a fraction of the cost, while our white-label platform offers the quickest way to launch an investment marketplace. With 2022, Blocksquare also officially enters the DeFi market with [Oceanpoint.fi](https://oceanpoint.fi) — a bridge enabling real estate owners to gain exposure to decentralized financial markets via tokenization. #### **Blocksquare offers three main products:** 1. [Real estate tokenization protocol](/infrastructure/tokenization-protocol) 2. [White-label marketplace](/infrastructure/marketplaces-platform) 3. [DeFi bridge](/infrastructure/liquidity-engine) # Research Since 2017, Blocksquare and its team have dedicated their time and resources to find the most lean and effective method of bringing real estate assets on the Ethereum blockchain. In the course of this journey Blocksquare has also received some awards and recognitions amongst both the PropTech and Blockchain communities: * Best blockchain solution for real estate — 2019 winners at Crypto Valley Summit (first prize 100,000 USD) * Builtworld PropTech competition finalists 2019 * One of the winners at 2020 Proptech Innovation Awards by German Tech & Union Investments While developing the real estate tokenization protocol the team researched various tokenization models including debt and equity, concluding that neither of the two are currently suitable for the purpose of tokenizing real estate assets. ### Findings: Debt and equity tokenization {% hint style="info" %} Tokenizing either debt or equity of the capital stack presents challenges — debt is already serviced very well traditionally by banking institutions, while equity tokens have no real on-chain settlement of rights in most jurisdictions around the world. What's more, tokenizing equity hits so many established regulations, that the risks greatly outweigh the benefits. {% endhint %} In the real estate context, tokenization of debt is easier to implement and also easy to understand, banks already serve this avenue very well. As long as the project is of a certain quality, the borrower has a good balance sheet and is able to provide 20-30% of the required capital to execute the real estate investment, banks will green light the senior loan. Tokenization of debt will thus predominantly attract projects that are unable to secure financing through traditional and well established routes — in short, projects that most probably shouldn’t be offered to investors publicly. On the other side of the capital stack we have equity. The tokenization of equity was highly expected with the rise of STOs, however, it never really took off. The main challenge of tokenizing equity is transferability. While tokens can settle instantly on a blockchain, to actually transfer the ownership of private companies or real estate is a much more complex process that includes notaries and banking institutions to get involved. {% hint style="warning" %} We thus conclude that as long as these core players do not become an integral part of Ethereum, the actual transferability of shares will remain limited and provide investors more uncertainty than traditional investment routes. {% endhint %} ## Solution: Revenue based asset tokenization \ As mentioned above, tokenizing either debt or equity of the capital stack presents challenges — debt is already serviced very well traditionally, while equity tokens have no real on-chain settlement in most jurisdictions around the world. Is there anything else out there? A solution that would offer both asset owners and investors something new? ### Economic right deriving from asset ownership In the real estate context it is fairly easy to estimate the revenue a particular property can generate. Most common revenue streams for real estate properties are: * cash flows from lease contracts, and * resale of the property to a 3rd party buyer. In the context of commercial real estate, the revenues a property generates also highly impact the valuation of the property as investors look predominantly for a target return. Revenue based investing is not by any means a new concept, and is mostly used for financing companies through royalties. A royalty is a defined share of the royalty issuer’s revenues. Royalties have been used for hundreds of years where one party wished to share revenues with another party who was doing something useful to the royalty payer or issuer. Royalties were traditionally used in commerce where the definition of profit was either difficult to determine or not chosen to be revealed. To put it simply, the issuer is telling investors that every month they will receive X% of the issuer’s revenues until they receive Y times their cash back and the issuer expects it to be happening in a period of Z years. The advantages over buying shares or lending a company money? An investor is not concerned with or impacted by the issuer’s profitability for so long as the issuer meets royalty payment obligations. The royalty owner also benefits when the revenues of an issuer increase, but on the flip side there is also the risk of revenues declining. {% hint style="success" %} But don’t take our word for it — Investment banker, financier, management consultant, author, lecturer, and inventor of the Lipper Index, Dr. Arthur Lipper, is the main advocate for revenue based investing. ***Feel free to Google him!*** {% endhint %} ### Top-line revenues vs. bottom-line profits Revenues are found on the top line of a balance sheet and are easier to understand and project than the profits we find on the bottom line of the balance sheet. Grasping one set of factors that affect revenues is easier than grasping the multi-dimensional factors that affect profit, so risk and reward of revenue investing can be quantified in a more straightforward manner. This is the principle behind royalty finance and provides a greater degree of certainty to the investor; returns in the form of current income begin to flow immediately, and they grow as revenues grow. The investor’s natural skepticism is decreased because he has better information, though it can never be eliminated (nor should it be). The company must still credibly justify its revenue projections, and provide a failsafe mechanism to report, sequester and pay a percentage of revenues to investors. But the investor is now on more solid ground in quantifying his risk, and his reward. Therefore, raising capital may become easier, and the decision to green-light the investment becomes more straightforward. Everyone benefits. ### Real estate revenues & tokenization Real estate is a specific asset class that offers an investor both steady cash flow and value appreciation over time. Although volatile for traditional markets, in comparison to the crypto market it looks like a safe and steady investment that appreciates in value over time. Additionally, the revenues from lease contracts offer a steady inflow of capital to the investor — in crypto terms it is much like rewards you receive while staking, but without the risk of holding an unstable asset. By tokenizing the real estate asset’s revenues, investors are focused on the growth and performance of revenues. The rest of the balance sheet is less relevant to the investor’s direct interest, and unlocking its mysteries is less of an obstacle to making an informed investment decision. # About Blocksquare impressum and other company information ### Main addresses #### **Blocksquare deployer** ``` 0xd09671619223b505418fbf63d180ccce52e2255d ``` #### **Blocksquare admin** ``` 0xB63E8A8d04999500a97470769D10C4395789836D ``` #### **DAO governance board multi-sig** ``` 0xfb531d5602fC0953be047605c77a7d289729ea8a ``` **BST token contract** ``` 0x509A38b7a1cC0dcd83Aa9d06214663D9eC7c7F4a ``` ### **Company info** Blocksquare d.o.o.\ Cankarjevo nabrezje 1\ 1000 Ljubljana\ Slovenia - EU VAT SI 73690295\ Reg.no. 8141622000\ Established 2/5/2018 # Press Kit ### Blocksquare logo (svg) {% file src="/files/5YzkaaAEyqSz7axDfX4W" %} {% file src="/files/by2yNzaMepNeXHUx1zd6" %} {% file src="/files/KD50lcSExLVJBnRltP67" %} ### Blocksquare logo (png) {% file src="/files/SSJDn5cQbPPq9pljvAJm" %} {% file src="/files/2izbwxPjDT2dovt43k2l" %} {% file src="/files/zMXSqYtVdQgMhHoVlFU6" %} ### Blocksquare icons {% file src="/files/ECQ38M8BIoSaIhEksboh" %} {% file src="/files/5DVYr2uvvHl9y5FL54p9" %} ### Powered by Blocksquare logo {% file src="/files/dYMBbS50hjdSA0OzLILn" %} # Tokenization protocol ![](/files/vT5jVdo4ZYrTrn9O0Tdq) ### Overview The Protocol is the process of creating a ‘PropToken’ smart contract - a standard Ethereum ERC-20 smart contract with a defined maximum issuance of 100,000 digital tokens, extended with unique information identifying a specific real estate property, and additionally limiting transactional rules according to the issuer’s requirements (which users can transact with the tokens is defined within a separate smart contract). To link a real estate property and its revenues to the ‘PropToken’ smart contract, a Public Corporate Resolution is generated and subsequently signed by the legal representative (e.g. GM, director, CEO) who is mandated by shareholders of the issuing legal entity which in terms also holds title to the property. The signed resolution is made public through IPFS - a distributed file system that ensures the legal document has a fixed online address, while the file itself can not be tampered with after it has been uploaded and becomes public. The location of the file is defined as a unique IPFS hash and recorded within the PropToken smart contract, while the Corporate Resolution holds the information of the ‘PropToken’ contract address. The ‘PropToken’ now points towards the Corporate Resolution and vice-versa, so the legal effects of the corporate resolution work in conjunction with the tokens managed by the ‘PropToken’ smart contract. Consequently, investors holding tokens can use this corporate resolution to appeal in court should the issuer stop their payments. As payments are conducted via smart contract, they are recorded on the ethereum Blockchain and shall be used as proof, should a legal dispute start. {% hint style="info" %} Traditionally, corporate resolutions are used by boards of directors in private and public companies to sign on important corporate decisions, like change of leadership and then reported to the companies house or similar government institution. In the context of tokenization, however, the corporate resolution is used to make a public decision on a specific asset and its revenues. {% endhint %} The corporate resolution is used to transfer any and all revenues (NAT — Net After Taxes) that the issuing legal entity generates within the scope of its commercial and trading activity with the specified real estate property to the individual digital token holder of the PropToken smart contract, where 100,000 digital tokens represents a predefined ‘Royalties Percentage’ of any and all net revenues, including revenues generated by a sale of the property to a 3rd party. The ‘Royalties Percentage’ is defined at issuance according to the real estate property’s business model and the cost structure that the issuer will use to generate revenues. For instance, renting out an apartment might append all costs to the tenant and thus the issuer could direct 90-100% of revenues towards token holders, while an office building could have a more complex cost structure with legal, maintenance, financing and other costs stacking up and thus only 60% of revenues would be directed to the token holders. The above method of tokenizing a real estate property or multiple properties forms Blocksquare's tokenization protocol. ### Protocol main components:
1 — TokenBSPT tokens/pages/mllaY1gO746oDLzEhrpB
2 — LegalCorporate resolution/pages/aana2qSWTBqxlBeMBais
### Protocol highlights:
Asset valuation/pages/HaMEjYrIK0Ii13jGL4Yf
Transaction fees/pages/VSavIyFuLgEcp53F1OKN
Smart contracts/pages/uUU2zIjEyD0H2A2CL1mG
# BSPT tokens Blocksquare Property Tokens (BSPTs) are a standard Ethereum ERC-20 smart contract with a defined maximum issuance of 100,000 tokens for each real estate property, where 1,000 tokens can be issued for each 1% of an asset's capital stack. Each asset has its own BSPT, meaning the token symbol varies from property to property i.e. BSPT-XYZ-##. The token standard features on-chain property valuation, creating legally binding tokens enforceable by a standardized corporate resolution stored on IPFS. #### Token contract features: * the asset's capital stack information * the asset's street location * the asset's geo coordinates * the real estate property's valuation * the property token valuation * the property type (i.e. Residential, Office, Leisure...) * land registry data (i.e. cadastral municipality, parcel number, ID number, building part...) ## Protocol features [Blocksquare's Property Factory smart contract](https://etherscan.io/address/0x1ae91a263a690bf2129cf0b3acac92bbb67e6685) is the main smart contract to generate a “PropTokenContract” — an ERC-20 backwards compatible token standard developed by Blocksquare designed to tokenize a specific real estate property and the revenues it generates. #### Token symbol standardization The protocol features a standardized token symbol BSPT-XXX-###, where BSPT stand for BlockSquare Property Token, XXX is a defined unique alphanumeric symbol, and ### is an automatically incremented number. #### On-chain property registry Each PropToken contract is registered in [Blocksquare's Property Registry](https://etherscan.io/address/0x05325c1ab1440df7214db38f676f95999729267b) — a smart contract where “Identification data” of all real estate properties is publicly available. #### Token supply cap The “maximum amount” of tokens that can be issued is 100,000, where 100,000 tokens represents a predefined percentage of royalties of any and all net revenues, including revenues generated by a sale of the property to a 3rd party. The Royalties percentage is stored and sealed in the PropToken contract. #### Legal rights transfer “Corporate resolution” is the legal binding document uploaded and stored on IPFS that works in conjunction with a PropToken smart contract and creates a financial obligation by the issuer towards any and all holders of a property token. #### Token transfer whitelisting Due to AML regulations, to hold property tokens, a user is required to first complete KYC using Blocksquare’s platform. This is a one-time process. As opposed to ERC-20 where transferability is not limited, PropToken contract’s “transfer function” uses wallet information stored in the “WhitelistingContract” limiting token transferability according to an issuer’s predefined requirements. {% hint style="info" %} For instance, it is possible to limit token ownership to wallets whose owners are US residents only, or exclude residents of certain countries, or even define custom parameters for eligibility — the more limitations, the less liquidity potential a tokenized property will have. {% endhint %} #### Capital stack registration Each PropToken contract also has a “Capital stack” parameter that needs to be defined by at issuance. Besides the tokenization percentage, the capital stack provisions for: 1. Senior equity 2. Preferred equity 3. Mezzanine 4. Junior debt 5. Senior debt This information adds transparency to token investors and the ability for protocols like Maker to create a custom valuation and risk assessment model based on this information. Important to note, that the capital stack can be updated by issuers as time passes, for instance, the debt portion should diminish in time in favour of the equity side. #### On-chain valuation Each PropToken also has the ability to store information about its valuation, split into two categories: 1. Property valuation, and 2. Token valuation. Both values can be updated through oracles. Blocksquare has developed a token valuation model that listens to transactions that occur via DEX protocols like 0x, and takes into account volume, price, property valuation and circulating supply.
# Corporate resolution The “Corporate resolution” is the legal binding document uploaded and stored on IPFS that works in conjunction with a [Blocksquare PropToken smart contract](/infrastructure/tokenization-protocol/bspt-tokens) and creates a financial obligation by the issuer towards any and all holders of a property token. To create a unified, standardized tokenization protocol, Blocksquare has templated a resolution and already translated it into several languages. The base template can be found here below: {% file src="/files/LIQJEPiW8C1Vcyn1X1KT" %} #### Available languages: * Arabic * Dutch * Hungarian * Polish * Portuguese * Slovenian * Spanish {% hint style="success" %} Below we highlight and comment the individual articles as of v1.3 {% endhint %} ### Header section In the first part the token issuing legal entity with all signatories, i.e. official representatives and shareholders, is identified. ### Chapter I: Subject matter This section identifies the real estate asset subject to the corporate resolution. Below we extend on the individual fields. #### 1. Real estate property address and country {% hint style="info" %} *Most real estate properties have an address that uniquely defines it. Based on countries it might include i.e. street, building, floor, apartment/unit number. In some rare cases, where a property might not have an actual address, other methodologies of identifying the location of a property might be used.* {% endhint %} #### 2. Real estate property type and purpose {% hint style="info" %} *Real estate assets are usually built with a pre-defined purpose i.e. residential, office, retail, leisure, industrial, storage, medical... Although a property might change in purpose over time, in this section the asset's type and purpose should accurately indicate the most current one.* {% endhint %} #### 3. Public address of digital token smart contract {% hint style="info" %} *After deployment, each BSPT smart contract receives a unique address on the Ethereum network. Both the address and smart contract code are fixed and can't be changed or altered.* {% endhint %} #### 4. Total emission of digital tokens {% hint style="info" %} *As per Blocksquare's BSPT token standard, the total possible emission of tokens for each tokenization is set to 100,000 tokens. BSPT tokens are ERC-20 backwards compatible, meaning they have 18 decimals and thus are devisable into smaller units of account.* {% endhint %} #### 5. Revenue share for single digital token {% hint style="info" %} *As per Blocksquare's BSPT token standard, the share of economic rights (resale and recurring revenues) that a single token represents is always fixed at 1:100,000 meaning 1,000 tokens give its holder 1% of the economic rights as defined by set parameters in the corporate resolution.* {% endhint %} #### 6. Percentage of revenues (royalties) {% hint style="info" %} *For simplicity purposes of monitoring individual investment portfolios with large amounts of different tokenized real estate assets, the corporate resolution lays claim to revenues over profits (see* [*here*](https://docs.blocksquare.io/infrastructure/tokenization-protocol/pages/CzZN33kyY2iRS3O5MHtW#top-line-revenues-vs.-bottom-line-profits) *why).* *For instance, renting out an apartment might append all costs to the tenant and thus the issuer could direct 90-100% of revenues towards token holders, while an office building could have a more complex cost structure with legal, maintenance, financing and other costs stacking up and thus only 60% of revenues would be directed to the token holders.* {% endhint %} #### 7. Revenue distribution interval {% hint style="info" %} The interval at which any recurring revenues shall be distributed is specified in months. This can accomodate intervals that span over a single month or multiple months. For instance, for quarterly distributions the property owner would set the resolution to specify 3 months, 6 months for bi-annual and 12 months for yearly distributions. The minimum interval is 1 month and the resolution does not provision commitments for shorter distribution intervals. {% endhint %} #### 8. Buyback threshold {% hint style="info" %} The “buyback threshold” is expressed in percentages (%) and relates to [Article 5](#article-5) of the Corporate resolution. The higher the threshold, the less token holders need to accept the issuer's buyback offer for it to become valid i.e. officially accepted. A 10% threshold would mean that holders of 90% of all issued tokens would need to accept an issuer's buyback offer for the issuer to be able to withdraw the resolution e.g. when an issuer wants to sell the property to a 3rd party. A 90% threshold would mean the holders of just 10% of tokens need to accept it. A 100% threshold would mean that any offer has already been accepted at issuance, but bear in mind the issuer's minimal obligation is always par with the highest price the issuer ever sold tokens for, as stated in [Article 4.](#article-4) {% endhint %} #### Identification data of all real estate properties subject to this resolution, as reflected in the national land title recording system: {% hint style="info" %} Various jurisdictions rely on different real estate registration methodologies and systems. Usually, what they have in common, is a practical way to clearly identify land, buildings and/or building parts. In this section, the issuer enters the required information so that investors can clearly understand, what properties are subject to the resolution. {% endhint %} ### Chapter II: Resolution #### Article 1 > The Shareholders agree to warrant that the Company > > a) holds sole ownership of\ > b) shall exercise an option/right to purchase\ > c) \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ > > the real estate property referred to in Chapter I hereof (hereinafter “Real Estate”). {% hint style="info" %} *In the first article, the issuer i.e. owner of the real estate property defines its own relation to the real estate asset. In v1.2. two standard options are offered, while the third option enables the issuer to define other forms that possibly haven't been identified yet by our legal team.* {% endhint %} #### Article 2 > A portion of any and all revenues (Net After Taxes) that the Company generates within the scope of its commercial and trading activity with the Real Estate property, shall be transferred to the individual digital token holder of the smart contract with a public address referred to in Chapter I hereof, in proportion to the number of digital tokens of the individual holder, where 1 digital token represents 1:100.000 of any and all revenues multiplied by the percentage of revenues (royalties). These distributions shall occur at the interval defined in Chapter I and shall be executed no later than 30 days after the conclusion of each interval. {% hint style="info" %} *Here the proportion of economic rights deriving asset ownership is defined. As it is based on the amount of tokens held, the article applies to all partial and full tokenizations and survives even in cases when tokens are brought to the public in multiple stages over time.* {% endhint %} #### Article 3 > If a shareholding of either an individual shareholder or of all shareholders is sold or otherwise transferred (e.g. via inheritance), the new shareholder or new shareholders shall, jointly and simultaneously with the purchase or other form of acquisition, fully adopt and abide by the relevant resolution. {% hint style="info" %} *The article establishes that any obligations as well as any rights created by the execution of this corporate resolution are automatically accepted by new shareholders of the issuer legal entity. In short, old shareholders are required to inform any new shareholders about the entirety of this resolution.* {% endhint %} #### Article 4 > In the absence of legal provisions and/or prohibitions the resolution may only be withdrawn insofar as all the active (existing) shareholders agree therewith and provided that the special condition precedent is met, namely that in case of a resolution withdrawal, the Company shall irrevocably be bound to repurchase any and all digital tokens in circulation, related to the Real Estate (according to the “Squeeze out” principle or mutatis mutandis thereof). The minimum repurchase price for each token shall be equal or higher than the highest price of a token at which the Company has ever offered or sold tokens. {% hint style="info" %} *After issuance of tokens to any number of third parties, the issuer becomes legally bound to buy back these tokens prior to any legal dealings with the real estate asset (sale, transfer, mortgage...).* *Additionally, a buy back floor price is defined as the price at which tokens have ever been sold on the primary market i.e. directly transferred by the issuer to token holders. This somewhat protects investors and incentivises issuers to use more accurate asset valuations at primary offerings.* {% endhint %} #### Article 5 > Where the Shareholders opt for the withdrawal of the Resolution, the Company shall communicate an offer for the repurchase (“Buyback”) of digital tokens to holders through appropriate communication means, whereby it shall determine the lowest and highest purchase price of the digital token – tranche purchase/sale. The final repurchase offer/price shall be deemed publicly accepted by any and all digital token holders when no more than the Buyback Threshold percentage as defined in Chapter I of all issued digital tokens or less remain in circulation. The Company is bound to a repurchase (“Buyback”) of digital tokens prior to any transactions involving the Real Estate. {% hint style="info" %} *The issuer is bound to properly inform token holders of their intention to withdraw from the obligations set forth when the resolution was first executed. In this communication the issuer should disclose the price at which it intends to buy back tokens from the market. The "buyback" might be executed at different prices (e.g. to incentivise early participation), but the minimum price should never be lower than as specified in the last sentence of article 4 of the resolution.* {% endhint %} {% hint style="success" %} In practice, the process is streamlined through a buyback smart contract that uses parameters like the "buyback threshold" to determine if consensus has been achieved. There might be more complex mechanics in place, offering various price tranches and time-sensitive bonuses. The simplest of smart contract workflows goes follows: 1. Issuer declares an intention to buyback tokens at price X DAI or USDC per token. 2. Token holders signal their support by locking their BSPT tokens into the buyback contract. 3. If amount of signalled BSPT reaches required threshold: * then issuer deposits the total amount of DAI/USDC, * while token holders subsequently execute a swap of their BSPT. 4. If, however, the threshold is not met, the issuer can either increase their buyback offer, or cancel it. {% endhint %} #### Article 6 > The Company shall maintain a valuation report not older than 12 months for the Real Estate property and make it accessible whenever requested to any existing token holder. The report should be executed by a licensed valuator registered with IVSC, RICS or equivalent organization. {% hint style="info" %} *Valuation reports are a standard practice within the real estate industry and represent the very basis of any real estate transaction. The burden and costs of hiring an appraisal falls onto the property owner, similar to how banks impose this when drafting mortgage agreements.* {% endhint %} #### Article 7 > This resolution shall terminate any and all previous and/or future resolutions (decisions) that would be in conflict with this resolution and might in any way interfere with the content of this resolution by directly or indirectly attempting to challenge or invalidate it. The provisions of any other resolution (decision) that indicates the invalidity of this resolution shall become invalid as soon as this resolution comes into effect. This resolution is limited exclusively for the Real Estate as identified in Chapter I. {% hint style="info" %} To facilitate legal due diligence, any previous resolutions that might contradict it get automatically terminated as soon as the resolution is executed (i.e. signed). The token investor also receive protection against any future decisions that the company might accept, should these involve the real estate asset that is subject of the tokenization. {% endhint %} # Asset valuation ### Property valuation vs. Token valuation A property’s valuation is traditionally created by qualified valuers, for instance, RICS ([rics.org](http://rics.org/)) is the most recognized international organization of valuers. On the other hand, big data and AI, has opened the world of “instant valuation” based on available market data. Additionally, companies like RCAnalytics ([rcanalytics.com](http://rcanalytics.com/)) offer access to accurate property valuation data by partnering with large corporations and investors. Assessment of a property valuation is therefore well established and can be relied upon, although many professionals and RICS members will also tell you that there are cases where valuations made by different valuers with the same tools and qualifications might differ by as much as 10-20%. That being said, banking institutions usually update valuations of their portfolios (properties they have taken as collateral for debt issuance) on a yearly basis, depending on the regional standards of course. A tokenized property’s valuation, on the other hand, is much more dynamic and can’t solely rely on the basis of a rather static traditional valuation model. For this reason, Blocksquare has developed a valuation model for properties based on the share of the tokenized portion in a property’s capital stack. For example, a property where 10,000 tokens have been issued, the token’s secondary market activity will have a lower impact on valuation, then for a property where 70,000 tokens have been issued. ### Real world assets value and liquidation events Defining a safe model to properly value tokenized real estate is important for mitigating risks associated with possibilities of manipulating prices on secondary markets. With real estate assets, relying solely on token pricing might prove to be challenging as the amount of data sources is very limited and perhaps even insufficient to establish a reliable pricing point. It can therefore be dangerous as a RWA token price could easily be manipulated. Blocksquare’s protocol mitigates the previously mentioned challenge. Real estate properties hold their real world valuation within the PropToken smart contract itself.\ \
# Transaction fees At each transaction an integrated fee of 1.5% BSPT tokens takes place. Fees are always paid by the buyer and executed in property tokens, e.g. if a transaction involves 10,000 tokens, the buyer will receive 10,000 - 1.5% tokens = 9,850 tokens on their wallet even if tokens are transferred outside the platform. At each transaction a fee of 1.5% tokens is deducted and credited to network stakeholders. The fee distribution to beneficiaries is automated. * 0.5% goes to the platform operator * 0.5% goes to the issuing company * 0.5% goes to the DeFi bridge (Oceanpoint) # Smart contracts ### **Blocksquare deployer** ``` 0xd09671619223b505418fbf63d180ccce52e2255d ``` ### **Blocksquare smart contract system (Mainnet)** #### **BlocksquarePermissionRoles** ``` 0xcddd81a19cfd74281c7c5f83415e195b44953ec4 ``` #### **BlocksquareCertifiedPartners** ``` 0x8dbb99cc3721f5c9cc7c9e92db260813cf78cdd3 ``` #### **BlocksquareEndUsers** ``` 0x13344d0cb96b17df81c4171ce47e14ff6c1975f7 ``` #### **BlocksquarePropertyFactory** ``` 0x1ae91a263a690bf2129cf0b3acac92bbb67e6685 ``` #### **BlocksquarePropertyRegistry** ``` 0x05325c1ab1440df7214db38f676f95999729267b ``` #### **BlocksquareRevenueDistributorDAI** ``` 0xe1b9a8fE61Dc7da04a5d5d5a47057253E0F27906 ``` #### **BlocksquareDataStorageProxy** ``` 0x8c2a858fe7b2bf155247c7f528c6ca7b186197b5 ``` #### **BlocksquareFeesWallet** ``` 0x7E8f1b7655fc05e48462082E5A12e53DBc33464a ``` #### **SpecialWallet** ``` 0xdaf5b91755600466d97fc94e520ba31536b6a22c ``` #### **BlocksquareOfferingsFixedPrice** ``` 0x25862c4fB4ce9d6Ff9B463488e0EC656fA08dE78 ``` ### **Oceanpoint smart contracts (Mainnet)** #### **Ocean contract** ``` ``` #### **POINT contract (ERC-20 token)** ``` ``` #### **BST contract (ERC-20 token)** ``` 0x509A38b7a1cC0dcd83Aa9d06214663D9eC7c7F4a ``` #### **Governance pool** ``` 0x6f1e92fb8a685aaa0710bad194d7b1aa839f7f8a ``` #### **Asset pools** ``` 0x57ba886442d248C2E7a3a5826F2b183A22eCc73e ``` #### **Liquidity pools** Uniswap v2 BST/ETH ``` 0x0E85fB1be698E777F2185350b4A52E5eE8DF51A6 ``` #### **Stable pools** ``` ``` ### **Other (Mainnet)** #### **Blocksquare Subgraph** ``` https://thegraph.com/explorer/subgraph?id=0xd09671619223b505418fbf63d180ccce52e2255d-0 ``` #### **Oceanpoint Subgraph** ``` https://thegraph.com/explorer/subgraph?id=0xd09671619223b505418fbf63d180ccce52e2255d-1 ``` # Marketplaces platform Launching your own branded tokenized marketplace where investors can log-on, browse through opportunities and execute investments is hard work. Not to mention the time and money required to create a fully functional blockchain product. #### Offer and distribute Blocksuqare's platform is designed to power 100s of platforms across the globe, offering investors a seamless experience so anyone can start connecting investors to real estate investment deals in your region. An out-of-the-box solution for entrepreneurs looking to expand their business online. From invite only investment clubs to nation-wide investment portals — we got you covered. * Your branding, colors and language * List your tokenized real estate deals * Compatible with any stablecoin #### Monitor and report Offer your investors to buy or sell real estate tokens online, while you can easily distribute revenues to 1000s of token holders. Blockchain technology enhances transaction transparency and enables investors to trade peer-to-peer without middleman. * Upload and share investor reports * Peer-to-peer secondary market * Distribute revenues with ease #### Tender and buyback Buybacks are an essential part of a tokenized real estate property's lifecycle. Buying tokens back from investors can be designed in various ways and is mainly required when the property is being sold to a 3rd party buyer. Blocksquare offers a smart contract tender to buyback tokens from the market. * Market your buyback to token holders * Pre-negotiate your offer to investors * Manage the buyback process ### Features Blocksquare’s platform provides our clients with a white-label solution to create, list, issue, sell, distribute, manage, track and trade properties tokenized through Blocksquare's protocol. The platform built on top of our API is packed with features required to launch a full size investment marketplace. * List your current, past and future tokenized properties. * Easily onboard your investors with KYC automation. * User's can add bank accounts to make EUR investments. * Investor can create custom token portfolios. * Buy or sell real estate tokens peer-to-peer. * Distribute revenue payouts to 1000s of token investors. * Display all relevant information for each property. * Transaction history verifiable on a public blockchain. * Compatible with selected "self-custodian" wallets. * Register up to 10 digital wallets per account. * Organize and execute initial real estate token offerings. * Sell tokens to investors on your platform.
# Liquidity engine [Oceanpoint](https://oceanpoint.fi) is a protocol connecting Decentralized Finance (DeFi) to real estate assets through tokenization. Developed and powered by Blocksquare, [Oceanpoint](https://oceanpoint.fi) is a set of smart contracts on Ethereum that form an open-end DAO designed to potentially own an unlimited pool of real estate assets, where anyone can participate without legal restrictions to earn by contributing to a decentralized protocol backed by the real estate economy. **Oceanpoint rests on three main pillars:** 1. Defi products 2. Real estate tokenization 3. Community governance {% hint style="info" %} To learn more, please read the [Oceanpoint docs.](https://docs.oceanpoint.fi) {% endhint %} # Tokenization service With Blocksquare's tokenization protocol, anyone can offer a new service to real estate owners worldwide. Tokenization is a service that requires some knowledge and understanding, sure, but once mastered, it becomes a process most people can easily repeat. Currently, we execute each tokenization internally, but in time, our Certified Partners will be able to use the Admin Panel to execute tokenizations on their own. {% hint style="info" %} As of writing, the protocol supports *only* real estate assets directly owned by legal entities, but soon it will be possible to tokenize assets owned by individuals too e.g. homes, apartments, houses... {% endhint %} ### Why tokenize a real estate asset? Tokenization is changing how we invest in real estate. Taking us from a world where a property is transected once a decade, to a new reality where hundreds of transactions of that same real estate asset are executed within the minute. Tokenization offers the ability to match available market demand by reaching investors of any size. A solution that can increase liquidity for a wider selection of players in the commercial real estate investment space. There may be various reasons for why one would consider tokenizing a real estate asset. #### 1. Raising capital The most straightforward use case is capital raising. Wether the motives involve raising for new developments, property acquisitions or refinancing debt, to efficiently raise funds for a real estate investment deal, it is required for the asset owner to partner with an established marketplace with a large enough user base for the campaign to be successful. As the market is still in the very early stages, the chances are there is no established marketplace operating in your region. Blocksquare offers the easiest way of establishing such marketplace without spending absurd amounts of money and time on technology. {% hint style="info" %} To perform the service of tokenizing real estate for property owners, you don’t need to necessarily operate a marketplace. See below some of the potential benefits and target customers that might be requesting tokenization services. {% endhint %} #### 2. Upsell to home buyers Are you a real estate developer? Do you primarily develop multi-residential properties? If the above is true, you are most probably struggling to attract buyers for the last 10-15% of unsold units, spending about 40-60% of your marketing budget to earn your margin as a developer. What if you could use tokenization to upsell to the customers who already bought an apartment? What if this could not only expedite your process, but also save you money on marketing? With tokenization, you can take the residential units you know will take longer to sell and bundle them under 100,000 tokens. The units can be leased out for long or short term to generate additional rental revenue to token holders — the customers who are buying their property traditionally. {% hint style="info" %} Anyone can create their own real estate tokenization business. All we need is partners from various places around the world that are able to take owners through the tokenization process. *Just like anyone can drive an Uber, you can now become a tokenization agent.* {% endhint %} #### 3. Stake and earn crypto Do you know anyone who would like to stake their property to earn some crypto on the side? There are many businesses that own a real estate asset and would love to earn with it, e.g. warehouses, production facilities, small offices, shops... The sweet spot are SMEs — the entrepreneurs running a small to medium sized company. They are the ones that will become the catalyst and change the real estate industry with Web3.
# Operating your marketplace Although a lucrative opportunity, launching your own tokenized marketplace where investors can log-on, browse through opportunities and execute investments is hard work. Not to mention the time and money required to create a fully functional blockchain product. Blocksquare's platform is designed to power 100s of marketplaces across the globe, offering investors a seamless experience. ### Onboard investors and list tokenized real estate Blocksquare’s platform provides our clients with a white-label solution to create, list, issue, sell, distribute, manage, track and trade properties tokenized through Blocksquare's protocol. The platform built on top of our API is packed with features required to launch a full size investment marketplace. * List your current, past and future tokenized properties. * Easily onboard your investors with KYC automation. * User's can add bank accounts to make EUR investments. * Investor can create custom token portfolios. * Display all relevant information for each property. * Compatible with selected "self-custodian" wallets. * Register up to 10 digital wallets per account. * Organize and execute initial real estate token offerings. * Sell tokens to investors on your marketplace. ### Asset trading and revenue distributions Offer your investors to buy or sell real estate tokens online, while you can easily distribute revenues to 1000s of token holders. Blockchain technology enhances transaction transparency and enables investors to trade peer-to-peer without middleman. * Buy or sell real estate tokens peer-to-peer. * Distribute revenue payouts to 1000s of token investors. * Transaction history verifiable on a public blockchain. # Setup instructions # New marketplace The Platform is composed of two applications that integrate technologies required to provide a Marketplace UI and an Admin panel. ### **Marketplace UI** Your marketplace is where your end-users can sign-up for an account, view listing, invest in primary offerings, buy or sell on secondary markets, track their portfolio, withdraw rental revenues, access performance reports and much more. {% hint style="success" %} Marketplaces hosted under Blocksquare's domain can be accessed at *app.blocksquare.io/yourmarketplacehandle*, while marketplaces using custom subdomain can be accessed via *\*\*\*.customdomain.com/yourmarketplacehandle* {% endhint %} Marketplaces hosted under Blocksquare's domain can be accessed at `app.blocksquare.io/yourmarketplacehandle` , while marketplaces using custom subdomain can be accessed via `***.customdomain.com/yourmarketplacehandle`

Sign in and Sign up screen

Welcome screen after user logs in

### **Admin panel** Once your marketplace is ready and deployed into production, your team will be required to register user accounts with emails matching the marketplace domain. Please visit your marketplace URL as a regular end-user and complete the sign-up process. Our team will then grant access to the admin panel for your selected team member. Please email us the user email list at and let us know on our private Discord channel. {% hint style="warning" %} Please note, that you will need to register an account on your marketplace separately for every team member you would like us to grant access to the [Admin panel](https://app.blocksquare.io/admin/login). **Example:** ** ** ** {% endhint %} {% hint style="success" %} The admin panel for marketplace operator teams can be accessed at [app.blocksquare.io/admin/login](https://app.blocksquare.io/admin/login) {% endhint %} {% hint style="info" %} For security purposes we are able to grant access only to emails matching the marketplace domain. **Example:** *mymarketplacedomain.com <-> * Note: after you submit a new user account, allow for 24 hours for our team to grant access during week days. Submitting a new account during the weekend will be picked up by our team on the first work day. {% endhint %}

Admin panel log in screen.

# Custom domain How to set up a custom domain for your marketplace ## Step 1: Verify domain certificate To do this, you will need to add a CNAME record to your domain’s DNS records by follow the steps below. See your domain host’s documentation for more specific instructions. Before you start, you need to receive your custom domain setup instructions. If you would like to set a custom domain, please send a request to Blocksquare. 1. Go to your domain’s DNS records. 2. Add a record to your DNS settings, and create/add a new DNS record with the settings you received. 3. Save your record. CNAME record changes can take up to 72 hours to go into effect, but typically they happen much sooner. ### Example configuration:
Record typeCNAME
Host/From field_123456789123456a12b0c123456def123.subdomain.domainname.com
Time To Live (TTL)3600 or default
Destination/Target field_123a12345b0c1234d12e123456789123.abcdefghijk.acm-validations.aws
{% hint style="info" %} Please note the above table is only an example of the information you will receive from Blocksquare to set up custom domain routing on your end. **The alphanumeric strings ****marked in red**** are merely an example and not actual values for yoou to use.** {% endhint %} {% hint style="warning" %} If you're not familiar with CNAME records, contact your domain host, who can help you. You can use the table you received from Blocksquare (see example above) when you call or email their support team. {% endhint %} {% hint style="success" %} With some domain hosting providers, you will only need to enter your unique string ID and subdomain as the Host/From field, while your main domain is automatically added by the domain host (e.g. GoDaddy). {% endhint %} ## Step 2: Route your subdomain to marketplace app After [step 1](#step-1-verify-domain-certificate) is complete and your domain certificate is validated, you will be able to reroute your marketplace to work through your chosen aubdomain. To do this, you will need to add another CNAME record to your domain’s DNS using the configuration settings provided by Blocksquare. ### Example configuration:
Record typeCNAME
Host/From fieldsubdomain.domainname.com
Time To Live (TTL)3600 or default
Destination/Target fieldapp.blocksquare.io
{% hint style="info" %} The above table is only an example and you should set your Host/From field to the subdomain you chose when sending your request to Blocksquare. **The strings ****marked in green**** should match exactly the subdomain that Blocksquare has on record, as well as the subdomain from 'Step 1'.** {% endhint %} # Pricing Use of the infrastructure is subject to a software license, while “pay per use” and/or “recurring fee” charges are complementary and applicable based on actual software usage. All quoted prices exclude VAT.
1 - Software licenseA software license grants partners lifetime access to the tokenization system.

✅ Monthly plans available.		/pages/scxMuuWJ9pOIIiy0LiIB
2 - Pay per useAfter that we charge for each tokenization and primary offering.

✅ No hidden fees.		/pages/IPUdgNu5M9IKdSIROeKX
3 - Post-offeringCharged per property and only for properties where tokens have been issued.

✅ Fixed maintenance.		https://docs.blocksquare.io/certified-partners/pricing/pay-as-you-grow#2.-post-offering-management
### **Example:** 1. Partner/client selects [a monthly plan](/certified-partners/pricing/software-license#option-2-monthly-plans) OR the [one-time license fee](/certified-partners/pricing/software-license#option-1-one-time-payment) 2. After that [each tokenization](https://docs.blocksquare.io/certified-partners/pages/IPUdgNu5M9IKdSIROeKX#1.-asset-tokenization) and primary offering cost 5,990 USD 3. For each tokenized asset, 69 USD / month is charged for [maintenance](https://docs.blocksquare.io/certified-partners/pages/IPUdgNu5M9IKdSIROeKX#2.-post-offering-management) {% hint style="success" %} Please see below subpages to learn more about our pricing model. {% endhint %}
Transaction feesSee system integrated fees based on transaction types./pages/Riv9aliVORCuMvLQ8sXq
Partner program & discountsDiscounts for partners who purchase and stake BST./pages/M1ztYvDetVbuvly0bE0u
# Software license Life-time access to the tokenization protocol Access and use of Blocksquare’s real estate tokenization infrastructure is possible through the acquisition of a lifetime software license that grants registration of the Client within the smart contract system. ### Option 1: One-time payment
### Option 2: Monthly plans To accommodate businesses at any growth stage, we also offer monthly plans to acquire the software license throughout multiple instalments. All our monthly plans are composed of a license instalment surcharged by a subscription fee. {% hint style="success" %} Subscription fees are charged only until your license is paid in full. {% endhint %}
| | Starter | Business | Premium | | -------------------- | :----------: | :------------: | :------------: | | **Duration** | 3.44 years | 2.29 years | 1.14 years | | **Subscription fee** | $710 / month | $510 / month | $310 / month | | **License fee** | $990 / month | $1,490 / month | $2,990 / month | | **Instalments** | 42 months | 28 months | 14 months | | **Total cost** | $70,232 | $54,899 | $45,140 | # Pay as you grow ### 1. Asset tokenization “Spring” is the process of structuring & digitizing a specified real estate property through Blocksquare’s tokenization protocol.
#### Price includes: * token contract generation * token contract information editing * corporate resolution signing * legal binding of tokens * implementation of a token offering * listing on your marketplace ### 2. Post-offering management “Tide” is the process of unlocking certain functionalities of the marketplace that are used after a primary offering is executed.
#### Functionalities include: * Distribute revenues to token holders * Spaces to append documents to listings (reports, analysis etc.) * On-chain valuation updates * Secondary market (trading between your user base) # Transaction fees There are several transaction types within the lifecycle of a tokenized real estate asset and in the table below we present the various fees. Please note that marketplace operators are free to shape their business models by adding various fees on any of these transactions, except on the secondary market where transaction fees are platform-wide.
Transaction typeMarketplace (operator)Issuer (owner)Oceanpoint (protocol)
Primary offering---
Secondary market0.5%0.5%0.5%
Revenue distribution---
Token buyback---
{% hint style="info" %} Please refer to the [Transaction fees section](/infrastructure/tokenization-protocol/transaction-fees) for more information. {% endhint %} # Discounts Clients who stake BST in the Governance pool found on [Oceanpoint](https://app.oceanpoint.fi) are eligible for some fine discounts when becoming a marketplace operator e.g. a Certified Partner. {% hint style="info" %} Please [refer our partner program page](/certified-partners/partner-network/partner-discounts) for more details. {% endhint %}
# Partner network At Blocksquare, our infrastructure is ingeniously architected to foster an ever-expanding network of partners through the power of collaboration. # Active partners By integrating cutting-edge technologies and facilitating seamless communication channels, we have created an ecosystem where each partnership not only adds value to the network but also multiplies opportunities for growth and innovation. This exponential expansion is driven by a shared vision and collective efforts, ensuring that Blocksquare remains at the forefront of technological advancements while empowering our partners to thrive. ### One single account, infinite possibilities At Blocksquare, we've implemented a universal account system that empowers end-users with seamless access across our global platform ecosystem. With a single account, users can effortlessly explore and transact on various marketplaces around the globe. By giving users the autonomy to choose whether to share information with 3rd party vendors, we ensure privacy and trust, while still enabling a streamlined and personalized experience across the platform ecosystem. {% hint style="info" %} End-users have full control over the sharing of their data with marketplace operators, including: * KYC (Know Your Customer) data * Personal details * Registered wallet details * Bank account information {% endhint %} Eager to try how it works? Visit one of the active marketplaces powered by Blocksquare and simply login using the same credentials of the marketplace you already registered for. #### Example: You have registered an account on [marketplace.oceanpoint.fi](https://marketplace.oceanpoint.fi) with and password Mypassword123 You want to login to check a new marketplace? No problem! Simply visit the marketplace from the list below and sign-in with and password Mypassword123 {% hint style="warning" %} Please note above credential are for example purposes only. To access your account on other marketplaces, please use your own credentials. {% endhint %} ## Marketplaces
OceanpointListed opportunities: 106 propertiesSecondary market: 3 propertiesPrimary offerings: 3 concluded / 0 active1false/files/LSlql1rcEVsRR3ngU8TWhttps://marketplace.oceanpoint.fi
RWA TechnologyListed opportunities: 21 propertiesSecondary market: 0 propertiesPrimary offerings: 1 concluded / 1 activenullfalse/files/Zc1lrChReF55Xvml4kgqhttps://realestate-marketplace.cryptosnacks.org/
ARCreListed opportunities: 3 propertiesSecondary market: 0 propertiesPrimary offerings: 2 concluded / 0 activenullfalse/files/oLp0q38G1ZokHh3aUzAFhttps://market.tokenizedrealestate.fi
TokenizaListed opportunities: 3 propertiesSecondary market: 0 propertiesPrimary offerings: 0 concluded / 1 activenullfalse/files/pl2BqTB1CPvGPC9vtIzChttps://app.blocksquare.io/tokeniza/
Portio CapitalListed opportunities: 2 propertiesSecondary market: 0 propertiesPrimary offerings: 0 concluded / 0 activenullfalse/files/Iktcz6cHDPoYhRKBwXm7
PiemeListed opportunities: 1 propertiesSecondary market: 0 propertiesPrimary offerings: 0 concluded / 1 activenullfalse/files/k6450aVRWlPMTQjfXZoA
Smart RealtyListed opportunities: 1 propertiesSecondary market: 0 propertiesPrimary offerings: 0 concluded / 1 activenullfalse/files/FkJHr8oknJLlKiVVJT72
HomeInvestListed opportunities: 0 propertiesSecondary market: 0 propertiesPrimary offerings: 0 concluded / 0 activenullfalse/files/eLSrRbNxgiu12ns3NxIShttps://market.homeinvest.com/
BricktradeListed opportunities: 0 propertiesSecondary market: 0 propertiesPrimary offerings: 0 concluded / 0 activenullfalse/files/cSn7AiEmNHZduAx2Poynhttps://app.blocksquare.io/bricktrade/
## List of certified partners
OceanpointCountries: Belgium, Austria, Germany, France, Slovenia, Croatia, Australia, USA, TurkeyOn-boarded: 33 propertiesTotal assets value: $34,300,000https://oceanpoint.fi/files/0wrMk11n20AsG5MHR1e0
ArmsMcGregorCountries: UAE, Canada, Mauritius, LebanonOn-boarded: 22 propertiesTotal assets value: $36,700,000/files/9lW0tqrLn7zWqxJA1TK6
TecstackCountries: AustraliaOn-boarded: 16 propertiesTotal assets value: $9,400,000/files/MXwSKu2Oic3QeSkKQJ5n
CryptoSnackCountries: UKOn-boarded: 24 propertiesTotal assets value: $27,400,000/files/exLt7hJ7dQrfFaRW9l7x
ARCreCountries: PanamaOn-boarded: 1 propertyTotal assets value: $570,000/files/bEt26xO3Vp9hY996WhFr
TokenizaCountries: SpainOn-boarded: 1 propertyTotal assets value: $238,000/files/embtWuzSBi0Je95lvBot
PortioCountries: BelgiumOn-boarded: 2 propertiesTotl assets value: $18,100,000/files/ccS0TFaAnGroTkzyoRmI
PiemeCountries: UgandaOn-boarded: 1 propertiesTotl assets value: $2,275,000/files/7EXjXWVlGAsb4YFygnKm
Smart RealtyCountries: Costa RicaOn-boarded: 1 propertyTotal assets value: $80,000/files/LZpDxe9wESpTPuZIgc4W
FractioneXCountries: UKOn-boarded: 0 propertiesTotal assets value: $0/files/FmCwRJqMOsfxdaYoU1Oh
CareblokCountries: USAOn-boarded: 0 propertiesTotal assets value: $0/files/QdA4xfFxttabgIQhtgF7
Rancho AltosCountries: MexicoOn-boarded: 0 propertiesTotal assets value: $0/files/f11l9m0WHCiZf1fpNR6X
HomeInvestCountries: USAOn-boarded: 0 propertiesTotal assets value: $0/files/FTyZonw9fs9WIBRXHh9k
WeLiveCountries: SloveniaOn-boarded: 0 propertiesTotal assets value: $0/files/AikMAlj44a857Ikb2dut
BricktradeCountries: UKOn-boarded: 0 propertiesTotal assets value: $0/files/d4Ny9d1PlZCsR5uzLZVh
# Partner discounts Blocksquare’s infrastructure is being developed through funding secured from the DAO’s sale of its native token — BST. The Blocksquare Token is a digital asset that aligns incentives and identifies parties who share the DAO’s vision and long term goals. For this reason, marketplace operators who stake BST on Oceanpoint are eligible for incredible discounts when using Blocksquare’s infrastructure. All that is required, is for a Certified Partner to purchase and stake BST to obtain sBST. The partner is then required to deposit the sBST into a multi-sig to confirm partner status. Our systems monitor the partner's multi-sig wallet for any discounts before issuing an invoice. {% hint style="info" %} #### Staked BST (sBST) The Governance token is the key component of Oceanpoint's first product — the BST staking pool. When users stake BST, Oceanpoint awards them with sBST, a token used by the community to vote on Oceanpoint related decisions. {% endhint %}
### Discount levels | Requirement | Discount | Partner status | | ------------ | -------- | -------------- | | 10,000 sBST | 10% | Bronze | | 20,000 sBST | 20% | Bronze | | 30,000 sBST | 30% | Bronze | | 40,000 sBST | 40% | Silver | | 50,000 sBST | 50% | Silver | | 60,000 sBST | 60% | Silver | | 70,000 sBST | 70% | Gold | | 80,000 sBST | 80% | Gold | | 90,000 sBST | 90% | Gold | | 100,000 sBST | 100% | Platinum | {% hint style="warning" %} Please note, that partners with Bronze to Platinum status are still required to cover for any Ethereum gas costs that may occur in relation to their business. Discounts thus do not apply on Ethereum gas fees and shall be invoiced accordingly. {% endhint %} ### Partner status bonuses
BenefitBronzeSilverGoldPlatinum
Blocksquare website listing✅✅✅✅
Powered by Blocksquare logo✅✅✅✅
Social media support2 posts / month5 posts / month7 posts / month10 posts / month
Guest blog articles-125
Tokenization queue priority-⭐️⭐️⭐️⭐️⭐️⭐️
Default threshold on oceanpoint0%1%3%5%
# Legal # Terms of Service Template for Certified Partners (Marketplace Operators) ## Introduction 1.1. By using our Marketplace, registering a CP\_COMPANY Account (“Account”) or using any of our Services, you ("you, your, or yourself") are agreeing to accept and comply with the terms and conditions of use stated below ("Terms of Use"). You should read the entire Terms of Use carefully before you use this Marketplace or any of the CP\_COMPANY Services. **If you do not accept these Terms of Use, do not access this Marketplace and do not use our Services.** 1.2. Our Marketplace is accessible through CP\_COMPANY’s website (ADD WEBSITE) (the “Marketplace”). The Marketplace enables our users to access and use our Services and services provided by third parties. 1.3. Terms of Use is a legally binding agreement stipulated between you and CP\_COMPANY. Once you agree with the Terms of Use you become a user. You should read this carefully because it will define your rights and responsibilities in dealing with us. 1.4. By using our Services and accessing our Marketplace you represent and warrant that you have full power and authority to enter into this agreement, and have not been previously suspended or removed from using our Services. 1.5. As used in this Terms of Use, “CP\_COMPANY" refers to the company \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_, including, without limitation, its owners, directors, investors, employees or other related parties. CP\_COMPANY also refers to all the subsidiary entities. Depending upon the context, "CP\_COMPANY" may also refer to the services, products, or other materials provided by CP\_COMPANY. 1.6. Please read these Terms of Use carefully before using the Marketplace described herein and make sure you understand everything. Please also review the following documents, which form part of the Terms of Use: * Privacy Policy; * Crypto Token Policy; * Cookie Policy; * Risk disclosure; * Fees schedule. 1.7. In the event of any conflict between these Terms of Use and other legal documents issued by us, Terms of Use shall prevail over each of the other documents. 1.8. You also acknowledge our Privacy Policy for information about how we collect, use and share information collected from you. 1.9. We reserve the right to change, modify and replace these Terms of Use at any time based on our sole discretion without any prior notice to you. You will be notified of any substantial changes in advance through your Account. Any changes will be effective immediately upon posting on our Marketplace. It is your responsibility to review these Terms of Use regularly. If at any time you do not agree to these Terms of Use, please stop using our services and accessing our Marketplace. You will be deemed to have accepted changes to the Terms of Use, by continuing to use our services and accessing our Marketplace. ## Services 2.1. Through our Marketplace, we enable tokenization of real estate assets (core service). In addition we might offer various ancillary services to core service (together “Services”). 2.2. Tokenization in respect of our Services is a process of converting real estate asset into a digital token in the form of a crypto asset (crypto token). 2.3. For the legal nature of the crypto asset, rights deriving from the crypto asset to the user, technical standards of the crypto asset and other relevant topics, please refer to our Crypto Token Policy. ### Verifying who you are 3.1. CP\_COMPANY will do everything we can to respect and protect the privacy of our users. However, prior to allowing you to open an Account, we are required to first verify who you are, and make sure you are not using the services for illegal transactions, such as money laundering or terrorism financing. 3.2. CP\_COMPANY has full discretion regarding the opening of an Account for a specific user. If CP\_COMPANY declines to open the Account for whatever reason, CP\_COMPANY is not required to provide any explanation to the user. 3.3. To start using our Services, you will need to register on our Marketplace and perform a Know Your Customer (“KYC”) identification and verification procedure. 3.4. KYC is a user identification process to ensure that the identity of each user is appropriately verified. It is not only a legal requirement to assess and monitor risks, to prevent doing business with a money launderer, terrorist or other criminal, even more importantly, KYC is a fundamental practice to protect the Marketplace and its users from fraud and losses due to illegal funds and transactions. 3.5. We will strive to perform the KYC check within 24 hours, though sometimes the process may last longer. 3.6. You accept and agree that in cases where CP\_COMPANY has valid reasons to believe that your Account is used for money laundering or for any other illegal activity, or that you have concealed or reported false identification information and other details, or if there is a valid reason to believe that the transactions effected via your Account were affected in breach of this Terms of Use, CP\_COMPANY shall be entitled to require you to provide any additional information and documents to clarify the circumstances. Transactions may be frozen until the documents are reviewed by us and accepted as satisfying the requirements of the legislation for counteracting laundering of monies from criminal activities and financing of terrorism. 3.7. CP\_COMPANY can request from you any additional identifying information and supporting documentation at any time at the request of any competent authority or in case of application of any applicable law or regulation, including laws related to anti-money laundering of monies obtained by criminal means, or for counteracting financing of terrorism. ### Required information (individual and corporate account) 4.1. The information we request for the purpose of identification and verification of individuals and/or businesses is stipulated by the applicable law (anti-money laundering regulation). ### Sanctions 5.1. CP\_COMPANY is prohibited from transacting with individuals, companies and countries that are on prescribed sanctions lists. CP\_COMPANY will therefore screen against United Nations, European Union, UK Treasury and US Office of Foreign Assets Control (OFAC) sanctions lists in all jurisdictions in which we operate. 5.2. It is your own responsibility to follow those rules and laws in your country of residence and/or country from which you access this Marketplace and the Services. ### Your consent 6.1. As long as you agree to and comply with these Terms of Use, CP\_COMPANY grants to you a personal, non-exclusive, non-transferable, non-sublicensable and limited right to enter and use the Marketplace and the Services. ### Maintaining your account: Our rules 7.1. This Marketplace and your CP\_COMPANY Account is for the use of the Account holder only – you may not create Accounts on behalf of other people or allow other people to use your Account. We are vigilant in maintaining the security of our Marketplace. By registering with us, you agree to provide CP\_COMPANY with current, accurate, and complete information about yourself as prompted by the registration process, and to keep such information updated. You further agree that you will not use any Account other than your own, or access the Account of any other users at any time, or assist others in obtaining unauthorized access. The creation or use of Accounts without obtaining the prior express permission from CP\_COMPANY will result in the immediate suspension of all said Accounts, as well as all pending transactions. Any attempt to do so or to assist others (users or otherwise), or the distribution of instructions, software or tools for that purpose, will result in the Accounts of such users being terminated. Termination is not the exclusive remedy for such a violation, and CP\_COMPANY may elect to take further action against you. 7.2. You also are responsible for all activity including transactions that are posted to your Account. 7.3. You agree that you will not use the Marketplace or Services to perform criminal activity of any sort, including but not limited to, money laundering, illegal gambling operations, terrorist financing, or malicious hacking. 7.4. You are solely responsible and liable to declare, bear and pay all taxes, duties, imposts, levies, tariffs and surcharges that might be imposed by the laws and regulations of any jurisdiction as a result of or in connection with using our Services. 7.5. We are not giving any advice regarding tax issues and are not responsible for determining any tax implications connected with our Marketplace or Services. We make no representation as to the tax implication of any jurisdiction. You shall be solely liable for all such penalties, claims, fines, punishments, liabilities or otherwise arising from his/her underpayment, undue payment or belated payment of any applicable tax. If certain taxes shall be applicable for our Services, they shall be added on top of the applicable amount. Upon our request, you will provide us any information we reasonably request to determine whether we are obligated to collect VAT (or any other applicable tax) from you, including your VAT identification number. If any deduction or withholding is required by law, you will notify us and will pay us any additional amounts necessary to ensure that the net amount that we receive, after any deduction and withholding, equals the amount we would have received if no deduction or withholding had been required. Additionally, you will provide us with documentation showing that the withheld and deducted amounts have been paid to the relevant taxing authority. 7.6. By accessing the Marketplace, using the Services or registering as a user, you represent, warrant and undertake that: {% stepper %} {% step %} you have accepted the Terms of Use; {% endstep %} {% step %} you are the legal owner (or an appropriately authorised representative of the legal owner) of the funds you add to your Account and that the same funds derive from a legitimate source; {% endstep %} {% step %} your use of the services does not constitute a breach of applicable law; {% endstep %} {% step %} you are aware of the risks in using the services provided by CP\_COMPANY and have the necessary experience and knowledge to understand the risks involved in relation to each service provided by CP\_COMPANY. These risks include the high volatility risk of crypto assets itself, and that you may lose all of the funds in your Account if the market moves against you; {% endstep %} {% step %} the information or documents you provide as part of any ID verification process are correct, genuine and up to date; {% endstep %} {% step %} you will provide any additional information that CP\_COMPANY might require from you for the purposes of identification and for any other purposes which are needed to ensure CP\_COMPANY’s compliance with applicable regulatory requirements. {% endstep %} {% endstepper %} ### Your Account security 8.1. CP\_COMPANY is not responsible for the consequences of another party accessing and using your Account data due to your fault or negligence. It is your sole responsibility to safeguard these secrets. CP\_COMPANY will not be responsible for any funds lost in this manner. 8.2. Your CP\_COMPANY Account is accessible using your login email, password and 2-Factor Authentication. ### Our Fees 9.1. The fee schedule is subject to change at any time, and we will not necessarily notify you of any changes. You should check the fee schedule prior to making any transaction. 9.2. The fee will be displayed prior to each transaction. Fees are charged when the transaction is executed and are deducted from the Account balance. If the balance is insufficient to cover the fees, we may refuse to execute the transaction. ### Limitation of liability 10.1. To the extent permitted by applicable law, (a) we make no promises as to the completeness, accuracy, availability, timeliness, propriety, security or reliability of the Services or the Marketplace; (b) your access and use of the Services and the Marketplace are at your own risk, and (c) the Services and Marketplace are provided “as is” and “as available”; and (d) we, and our group companies, and our and their officers, directors, employees ("CP\_COMPANY Entities"), disclaim all warranties & conditions, express or implied, including, but not limited, to the implied warranties of satisfactory quality, fitness for particular purpose, or non-infringement. 10.2. To the maximum extent permitted by applicable law, in no event will the CP\_COMPANY Entities be liable for any indirect, incidental, special, consequential or punitive damages, or any loss (e.g. of profit, revenue, data, or goodwill). 10.3. To the maximum extent permitted by applicable law, in no event will the aggregate liability of the CP\_COMPANY Entities (whether in contract, tort (including negligence), breach of statutory duty or otherwise), arising out of or relating to the use of, or inability to use the Marketplace or the Services, or to these Terms of Use exceed the lesser of (a) the value of the currency in your Account at the time of the event giving rise to liability, or (b) $10,000. 10.4. Nothing in these Terms of Use shall operate to limit or exclude liability for (i) death or personal injury resulting from our negligence (ii) fraud or fraudulent misrepresentation, or (iii) any other liability which may not lawfully be limited or excluded. 10.5. This clause will survive the termination of these Terms of Use. ### Indemnity 11.1. To the fullest extent permitted by applicable law, you hereby agree to indemnify and hold harmless CP\_COMPANY and its partners against any and all claims, demands, lawsuits, actions, proceedings, investigations, liabilities, damages, losses, costs or expenses, including reasonable attorneys’ fees, in any way arising out of, in relation to or in connection with, directly or indirectly, your or your authorised representatives’: * use of, or conduct in connection with, the Services; * breach of these Terms of Use or any other policy of CP\_COMPANY; or * violation of any applicable law or the rights of any other person or entity. 11.2. This clause will survive the termination of this agreement. ### Disclaimer 12.1. Many jurisdictions have laws protecting consumers and other contract parties, limiting their ability to waive certain rights and responsibilities. We respect such laws; nothing herein is intended to waive rights or responsibilities that cannot be waived. 12.2 This clause will survive the termination of this agreement. ### Financial Advice 13.1. For the avoidance of doubt, we do not and will not provide any investment advice in connection with the Services contemplated by these Terms of Use. Any decision related to crypto assets is solely your own and we will not be liable for any loss suffered from such transactions. ### Financial Regulation 14.1. Cryptoassets are not regulated in \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ by the \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_. When you buy crypto assets through CP\_COMPANY, it will not be protected by the \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_. 14.2. CP\_COMPANY is not a financial institution in terms of the banking regulations or any other regulation applicable to financial institutions, such as electronic money institutions. 14.3. CP\_COMPANY does not provide any licensed or regulated financial services, such as investment services, fund management or investment advice. 14.4. CP\_COMPANY is not acting as the user's broker, intermediary, agent or advisory in any fiduciary capacity. ### Availability of Services 15.1 We will strive to provide you with the service as soon as possible but there are no guarantees that access will not be interrupted, or that there will be no delays, failures, errors, omissions or loss of transmitted information. 15.2 We will use reasonable endeavors to ensure that the Marketplace can normally be accessed by you in accordance with these Terms of Use. We may suspend use of the Marketplace for maintenance and will make reasonable efforts to give you notice. You acknowledge that this may not be possible in all circumstances. ### Suspension of Services, Termination of Services 16.1. We may, in our discretion and without liability to you, with or without prior notice, temporarily suspend or permanently terminate your access to the Marketplace, your Account or all or some Services(i) in the Event of Force Majeure (ii) if you breach these Terms of Use, or (iii) if we are required to do so in order to comply with our own regulatory obligations. 16.2. For the purpose of this section, "Event of Force Majeure" means any circumstances which we cannot reasonably be expected to control (which shall include Act of God, explosion, flood, tempest, fire or accident, war or threat of war, sabotage, insurrection, civil disturbance or requisition, acts, restrictions, regulations, bye-laws, prohibitions or measures of any kind on the part of any governmental, parliamentary or local authority, import or export regulations or embargoes, strikes, lock-outs or other industrial actions or trade disputes, breakdown in machinery, or interruption or failure of the Internet or of any network, telecommunications, power supply or infrastructure, or any provider of any of the foregoing). 16.3. In particular, we may take such action set out in section 22.1 in the following circumstances: (1) you attempt to gain unauthorized access to the Marketplace or another user's Account or provide assistance to others attempting to do so, (2) you interfere, or try to interfere, with software security features limiting use of or protecting any content, (3) you use the Service to perform illegal activities such as money laundering, illegal gambling operations, financing terrorism, or other criminal activities, (4) you violate these Terms of Use, (5) you fail to pay, or make fraudulent payment, for transactions, (6) you infringe the intellectual property rights of third parties, or (7) we are requested by law enforcement or other government agencies to do so, if deemed to be legitimate and compelling by CP\_COMPANY, acting in its sole discretion. 16.4. Temporary suspension. If we suspect activity from your side, which might qualify as a breach of these Terms of Use, we may temporarily suspend access to your Account or access to specific services within the Account. Such temporary suspension may last a maximum of 48 hours. Within this timeframe we will conduct an internal investigation. If our suspicion will be confirmed, we will trigger permanent termination of your Account. 16.5. Permanent termination. In case of permanent termination of your access to our services, we will deactivate and delete your Account, without liability to you. In the event of termination CP\_COMPANY will return assets stored on the Account, unless CP\_COMPANY believes the user committed fraud. You shall bear all the costs associated with such transfer. 16.6. We expressly reserve the right to cancel and/or terminate Accounts that have not been re-verified by the user despite our good faith efforts to contact you seeking such verification ("Unverified Accounts"). All Unverified Accounts which have been inactive for a period of 6 months or more are further subject to transfer to a third-party cryptographic "escrow" account, and will no longer be maintained or be the legal responsibility of CP\_COMPANY. 16.7. You may terminate these Terms and Conditions with CP\_COMPANY, and close your Account at any time, following settlement of any pending transactions, by following the instructions published on our support page or with a 14 days' notice by contacting our users support at \_\_\_\_\_\_\_\_\_\_\_. 16.8. You agree that the Service is made available to you immediately when you issue a request for a transaction. You (i) acknowledge that you lose your right to cancel the transaction for any reason; and (ii) agree that you request us to immediately begin providing the Services. 16.9. Upon Account closure, any amount less than $50 in value will not be returned. The suspension of an Account shall not affect the payment of the fees due to CP\_COMPANY for past transactions. 16.10. Any provision of these Terms of Use that expressly or by implication is intended to come into or continue in force on or after termination of this agreement shall remain in full force and effect. This includes (but is not limited to): this clause, "Sanctions", "Our Fees", "Indemnity", "Disclaimer", "Limited Right of Use", "Your Account. ### Suspension or discontinuation of Services in general, modification of Services 17.1. We may, in our full discretion and without liability to you, with prior written notice, suspend or terminate some or all of our Services. In case of such suspension or termination, we will notify you at least 14 days prior to such discontinuation of services and you will have the right to close your Account. 17.2. We may modify and upgrade existing services at any time or we may introduce new services, without prior notice to you. ### Limited Right of Use 18.1. Unless otherwise specified, all software, text, images, graphics, data, prices, trades, charts, graphs, video and audio and other material of any kind ("Materials") on this Marketplace are the property of CP\_COMPANY and are protected by copyright, trade mark and other applicable intellectual property laws. You may view, print and/or download a copy of the Materials from this Marketplace on any single computer solely for your personal, informational, non-commercial use, provided you keep intact all copyright and other proprietary notices. 18.2. The trademarks, service marks and logos of CP\_COMPANY and others used in this Marketplace ("Trade Marks") are the property of CP\_COMPANY and their respective owners. The Trade Marks and Material should not be copied, reproduced, modified, republished, uploaded, posted, transmitted, scraped, collected or distributed in any form or by any means, whether manual or automated. The use of any such Trade Marks and Materials on any other Marketplace or networked computer environment for any other purpose is strictly prohibited. 18.3. This clause will survive the termination of this agreement. ### Email 19.1. Email messages sent over the Internet are not secure and CP\_COMPANY is not responsible for any damages incurred by the result of sending email messages over the Internet. We suggest sending email in encrypted formats; you are welcome to send "pretty good privacy", or PGP encrypted emails to us. The instructions and keys to do so are available upon request. ### Third Party Services and Products 20.1. We may offer services or products from external providers which are not affiliated with us (“Third Party Services”). 20.2. Use of Third Party Services is not governed by these Terms of Use. Each Third Party Service is governed with by the relevant terms of the respective third party. Third Party Services are not under the control of CP\_COMPANY and CP\_COMPANY’s responsibility for Third Party Service is, to the extent permitted by law, completely excluded. 20.3. CP\_COMPANY shall not be responsible or liable, either directly or indirectly, for any damage or loss caused or alleged to be caused in connection with your use of Third Party Services. The inclusion of Third Party Services on our Marketplace does not imply recommendation, approval or endorsement by CP\_COMPANY of Third Party Services or providers of such services. 20.4. We may offer Third Party Services directly on the Marketplace or through the links made available through our Marketplace to reach websites from the external providers. ### Miscellaneous 21.1. These Terms of Use constitute the entire agreement between us and you, and supersedes and extinguishes all previous agreements, promises, assurances, warranties, representations and understandings between us, whether written or oral, relating to its subject matter. 21.2. Each party agrees that it shall have no remedies in respect of any statement, representation, assurance or warranty (whether made innocently or negligently) that is not set out in these Terms of Use. Each party agrees that it shall have no claim for innocent or negligent misrepresentation or negligent misstatement based on any statement in these Terms of Use. 21.3. If any provision or part-provision of these Terms of Use is or becomes invalid, illegal or unenforceable, it shall be deemed deleted, but that shall not affect the validity and enforceability of the rest of these Terms of Use. 21.3. CP\_COMPANY reserves the right to make changes to these Terms of Use, at its discretion, and at any time. 21.4. You may make a complaint by contacting our support or by sending an email to\_\_\_\_\_\_\_\_\_\_\_\_\_. We will endeavour to resolve a reported complaint quickly. In any case, we shall resolve a reported complaint not later than 14 days after the complaint was addressed to us. While we will strive to do our best to provide you with any information you require in an accurate manner, any information given shall be subject to these Terms and Use and/or any other terms, conditions or rules directly contained in email format. In case of any contradictions between the information given by our support and the Terms of Use, the provisions contained in these Terms shall prevail. Without prejudice to your legal rights, you hereby acknowledge that any complaint made by you more than 14 days after the date of finalization of the transaction which is the subject of the complaint in question will not be taken into consideration and shall have no value. 21.5. These terms shall be governed by \_\_\_\_\_\_\_\_\_\_ law, except that (if you are a consumer and not a business user) there may be certain mandatory applicable laws of your country which apply for your benefit and protection in addition to or instead of certain provisions of \_\_\_\_\_\_\_\_\_\_\_ ("Applicable Law"). Subject to the Applicable Law, the courts of \_\_\_\_\_\_\_\_\_ have non-exclusive jurisdiction to settle any dispute arising from or connected with these Terms of Use (including a dispute relating to the existence, validity or termination of these Terms of Use or the consequences of their nullity or any non-contractual obligation arising out of or in connection with these Terms of Use). 21.6. If you have any questions relating to these Terms of Use, your rights and obligations arising from these Terms of Use and/or your use of the Marketplace and the service, your Account or any other matter, please contact us at \_\_\_\_\_\_\_\_\_\_. # Privacy Policy Template for Certified Partners (Marketplace Operators) ## Introduction 1.1. This CP\_COMPANY Privacy Policy explains how information about you is collected, used and disclosed by CP\_COMPANY. (“CP\_COMPANY,” “we”, "our" or “us”). This Privacy Policy applies to information we collect when you use our platform and/or services ("Platform" and "Services" respectively). 1.2. Occasionally we may, in our discretion, make changes to the Privacy Policy by posting a revised version and updating the ‘Effective Date’ above. The revised version will be effective on the “Effective Date” listed. If and when such notice is required by law, we may notice you at our own discretion through one of our channels. Where your explicit consent is not needed, your continued access or use of our Platform and/or Services constitutes your acceptance of the latest Privacy Policy. You are thus encouraged to periodically review this page. 1.3. The information published herein is limited to the collection and use of information with respect to your use of our website hosted at https\://\_\_\_\_\_\_\_\_\_\_\_\_\_/, the Platform and related Services. It is important that you read this Privacy Policy together with any other privacy notice or policy we may provide on specific occasions when we are collecting or processing personal data about you so that you are fully aware of how and why we are using your data. This Privacy Policy supplements the other notices and is not intended to override them. 1.4. Please read this Privacy Policy carefully before accessing or using our website or Services. By entering, connecting to, accessing or using the website or Services and/or submitting your information in the registration procedure, you acknowledge that you have read and understood this Privacy Policy. IF YOU OBJECT TO THIS PRIVACY POLICY, PLEASE DO NOT ENTER, CONNECT TO, ACCESS OR USE THE WEBSITE, PLATFORM OR SERVICES IN ANY MANNER. ## Who we are 2.1. “\_\_\_\_\_\_\_\_\_\_\_\_\_” refers to the company \_\_\_\_\_\_\_\_\_\_\_\_\_, with the registered office at \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_, and is a data controller in respect of personal data under this Privacy Policy. 2.2. Under relevant data protection legislation, including but not limited to the General Data Protection Regulation ("GDPR") (the "Legislation"), the controller is the party that, alone or jointly with others, determines the purposes and means of the processing of personal data. "Controller", "processor", "personal data" are as defined in the Legislation. 2.3. For any clarification, question or requirement related to your privacy and the processing of your personal data, please contact \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_. ### Collection of Information #### What personal data we may collect about you 3.1. Personal data means any information about an individual from which that person can be identified, directly or indirectly. 3.2. We will collect and process various types of personal data about you for the purposes described in this Privacy Policy, including: * Account Data includes your email address and password, as well as your communication preferences and your communication with our support staff. * Profile Data includes the data collected by us during the application and KYC processes, such as your name, address, mobile phone number, a video recording of your face, citizenship, date of birth, gender and identification numbers such as those contained on your driver's licence, passport or national identity card. * Transaction Data includes details about your transactions on the Platform and details of Services you have used. * Technical Data includes information about the device you are using to access our Services, such as your internet protocol (IP) address, operating system, time zone, country and language setting. * Usage Data includes information about when and how you use our Services (i.e. logs of interactions with our system). 3.3. We may also collect, use and share aggregated data such as statistical or demographic data for any purpose. Aggregated data may be derived from your personal data but does not directly or indirectly reveal your identity. For example, we may aggregate your Usage Data to calculate the percentage of users accessing a specific website feature. 3.4. If not explicitly written to inform you on collecting sensitive personal data (e.g. within the identification procedure), we do not collect any special categories of personal data about you (so called sensitive data; this includes details about your race or ethnicity, religious or philosophical beliefs, sex life, sexual orientation, political opinions, trade union membership, information about your health and genetic data). #### How is your data collected 3.5. Information is gathered from you in a range of ways that are outlined below: * Direct interactions: You may give us your personal data by filling-in forms (e.g. creating an account with us, the KYC process, providing data required to process a payment) or by corresponding with us directly or by post, phone, email, chat plugin, Website, transactions or otherwise. Application fields are mandatory fields, because CP\_COMPANY needs this information to comply with statutory, legal or contractual requirements, internal procedures or to respond to user requests. * Automated interactions: As you interact with our Services, we may automatically collect certain Technical Data, Usage Data and Transaction Data. * Received from other sources: We may also receive personal data about you from third parties, including from our group entities and other companies providing services to us, regulatory bodies, public sources, data aggregators who may not have a relationship with you, etc. We may combine such information with information we collect through the Platform and Services. For instance, when you submit information for identity verification purposes, we may receive information about you from software “screening” programs or fraud prevention service providers, including information about you. We do not control how the third parties process your personal data, and any information request regarding the disclosure of your personal data to us should be directed to such third parties. 3.6. Personal Data that users provide to CP\_COMPANY should not include any of the following data types, and users hereby expressly warrant that they will not provide any of the following: * Racial or ethnic origin; * Political opinions; * Religious or philosophical beliefs; * Trade union membership; * Genetic data; * Private health data concerning a user; * Data concerning a natural person's sex life or sexual orientation. 3.7. CP\_COMPANY may use user Personal Data to send direct marketing to our users via e-mail only when the user has given express prior consent in the relevant contact form. Users may at any time withdraw approval to receive marketing communications by expressly withdrawing consent via their individual CP\_COMPANY interface. 3.8. CP\_COMPANY will not rely solely on automated user onboarding processes or transaction monitoring, including profiling, with respect to its decisions regarding a user’s ability to transact business via the Platform and Services. #### Information We Collect Automatically 3.9. When you use the Platform and Services, we automatically collect information about you, including: * 3.9.1. Log Information: We collect log files that contain the type of browser you use, access times, pages viewed, your IP address and the page you visited before navigating to our websites. * 3.9.2. Information Collected by Cookies and Other Tracking Technologies: We and our service providers use various technologies to collect information about you when you use the Platform and Services, including cookies. Please review our Cookies Policy to learn more about how we use Cookies. #### Use of Information 3.10. Our use of your personal data depends on how and where you interact with us. However, whenever we process your personal data, we do so on the basis of a lawful “justification” (or legal basis) for processing. In the majority of cases, the processing of your personal data will be justified on one of the following bases: * Provide, maintain and improve the Platform and Services; * Provide and deliver the Services you request, facilitate transactions on the Platform and send you related information, including confirmations and informational notifications; * Verify your identity, monitor suspicious activity and prevent fraudulent or other illegal activities; * Send you technical notices, security alerts, and other support and informational messages; * Respond to your comments and questions and provide customer service; * Communicate with you about products, services, offers, promotions, rewards, and events offered by CP\_COMPANY and others, and provide news and information we think will be of interest to you; * Analyze trends and usage; * Process and deliver contest entries and rewards; * Link or combine any information we collect about you; and * Carry out any other purpose for which you provided the information.
CATEGORY OF PERSONAL DATATHE PURPOSES FOR WHICH WE PROCESS YOUR PERSONAL DATALEGAL BASIS

Account Data

Profile Data

Transaction Data

Fulfilment of Services

To enable us to perform the services to you – to carry out our contractual obligations relating to you, to manage our relationship with you which will also include notifying you about changes to our service and changes to our terms or policies.


It is necessary for us to process your information to perform our obligations in accordance with any contract that we may have with you.


It is also in our legitimate interest to ensure quality Services are provided to you.

We will store the data for as long as the agreement shall be in force and for an additional period in which either party can make any legal claims arising out of this agreement.


Account Data

Profile Data

Transaction Data

Support services

To enable us to respond to your queries or requests in accordance with the content of such a query or request.

It is necessary for us to process your information to perform our obligations in accordance with any contract that we may have with you.

It is also our legitimate interest to ensure quality information is provided to users and potential users.

We will store the data for as long as the agreement shall be in force and for an additional period in which either party can make any legal claims arising out of this agreement.

Account Data

Usage Data

Marketing communications

To provide news and information services including email briefings and newsletters.

We will only send you marketing communications where you have consented and expressed a preference to receive such marketing communications, or where we have other lawful right to do so.Until withdrawal of consent.


Technical Data

Usage Data

User insight and analysis

To collect insights into how you interact with our services so that we can personalise our communications with you and maintain and improve our websites and services.

Where your personal data is not in an anonymous form, it is in our legitimate interest to use your personal data in such a way to ensure that we deliver our online services to you and our other clients effectively and to ensure quality.

Where lawfully required, we may also process your personal data in accordance with your consent to the processing.

We will store the data for as long as necessary for the purposes of the legitimate interests.

Until withdrawal of consent.

Profile Data

Transaction Data

Compliance with legal obligations

To comply with legal and regulatory obligations to which we are a subject (e.g. anti-money laundering).

It is our legal obligation to do so.We will store the data for a period required under the applicable laws.


Account Data

Transaction Data

Technical Data

Usage Data

Safety and security

For internal operations, including bug fixes, troubleshooting, data analysis, testing, and general security developments.

It is in our legitimate interests to improve the security and use of the Website, Platform and Services, including data security.We will store the data for as long as necessary for the purposes of the legitimate interests.
Transaction Data

Business sale

In the event that we sell or buy any assets, disclose your data to a prospective seller or buyer.

It is in our legitimate interests to deliver accurate information about our business to a prospective buyer.

It is also out legal obligation to do so.

We will store the data for a period required under the applicable laws and for as long as necessary for the purposes of the legitimate interests.
#### Blocksquare as data processor 3.11. Blocksquare d.o.o., with the registered address at Cankarjevo nabrezje 1, 1000 Ljubljana, Slovenia processes certain personal data on Our behalf. The purpose of such processing is to ensure that the Platform is fully operational. Rights and obligations of each party are stipulated with the Data Processing Agreement. 3.12. The following personal data is processed by Blocksquare: * \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ * \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ * \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ #### Change of purpose 3.13. We will only use your personal data for the purposes for which we collected it, unless we reasonably consider that we need to use it for another reason that is compatible with the original purpose. If you wish to get an explanation as to how the processing for the new purpose is compatible with the original purpose, please contact us at \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_. 3.14. If we need to use your personal data for an unrelated purpose, we will notify you and we will explain the legal basis which allows us to do so. Please note that we may process your personal data without your knowledge or consent, in compliance with the above rules, where this is required or permitted by law. ### Right to withdraw consent 4.1. Where the legal basis for processing your personal data is your consent, you have the right to withdraw that consent at any time. You can exercise this right by clicking on the “unsubscribe” button on our marketing emails or by choosing a similar opt-out option that we may provide for you to exercise your right to object to the processing of your personal data. 4.2. You may opt out of receiving promotional messages from us by following the instructions in those messages. If you opt out, we may still send you transactional or relationship messages. ### Retention of your personal data 5.1. Our general approach is to retain your personal data only for as long as required to fulfil the purposes for which it was collected, or to comply with any legal, regulatory or reporting obligations or to assert or defend against legal claims. We generally retain your personal data for six (6) years from the end of our relationship, unless local law requires otherwise. However, in some circumstances we may retain personal data for longer periods of time, for instance where we are required to do so in accordance with legal, tax and accounting requirements. 5.2. In specific circumstances we may also retain your personal data for longer periods of time corresponding to the applicable statute of limitations so that we have an accurate record of your dealings with us in the event of any complaints or challenges. ### Sharing and disclosing your personal data 6.1. For achieving the purposes of use set out in this Privacy Policy (see above), your data may be accessible to certain categories of persons, employed or contracted by us, including financial institutions, lawyers, administrators, IT and system administration services provider, marketing and other services providers, on our behalf on a need-to-know basis. 6.2. We may also share your personal data with law enforcement, data protection authorities, government officials, and other authorities, including when: * compelled by subpoena, court order, or other valid legal procedure; * we believe that the disclosure is necessary to prevent physical harm or financial loss; * disclosure is necessary to report suspected illegal activity; * disclosure is necessary to investigate violations of this Privacy Policy or other legal agreements; * you direct us to. 6.3. We may also disclose certain personal data to our current or future affiliates, subsidiaries and other related entities, as well as to our operational and business partners and subcontractors when this is necessary for the performance and execution of any contract we enter into with them or you. We may also share your personal data with third parties in connection with potential or actual restructuring, merger or sale of our company or any of our assets, or those of any associated companies, in which case personal data held by us about our users may be one of the transferred assets. 6.4. Other important cases when we share your personal data: * With service providers who need access to such information to carry out work on our behalf; * In response to a request for information if we believe disclosure is in accordance with, or as otherwise required by any applicable law, regulation or legal process; * To protect the rights, property and safety of \_\_\_\_\_\_\_\_\_\_\_\_\_ or others; * Between and among \_\_\_\_\_\_\_\_\_\_\_\_\_, and its current and future parents, subsidiaries and affiliates; * With your consent or at your direction, including if we notify you through the Platform and Services that the information you provide will be shared in a particular manner and you provide such information. 6.5. With respect to US residents, we also may share your information with other financial institutions as authorized under Section 314(b) of the US Patriot Act, and with tax authorities, including the US Internal Revenue Service, pursuant to the Foreign Account Tax Compliance Act ("FATCA"), to the extent that this statute is determined to apply to us. 6.6 We may also share aggregated or de-identified information, which cannot reasonably be used to identify you. ### Data Storage and Security 7.1. We have adopted security measures to protect personal data against accidental or unlawful destruction, accidental loss, alteration, unauthorized disclosure or access. We limit access to your personal data to those employees and third parties who have a business need to know. They will only process your personal data on our instructions, and they are subject to a duty of confidentiality. 7.2. For the best possible protection of your personal data outside the limits of our control, your computer or other device should be protected (such as by updated antivirus systems) and your internet service provider should take appropriate measures for the security of network data transmission (such as, for example, firewalls and anti-spam filtering). 7.3. While we take reasonable steps to protect your personal data, we cannot guarantee that the personal data you disclose to us will be 100% secure, nor that any data breach will not occur. You accept the inherent security implications of dealing on-line over the Internet and will not hold us or our processors responsible for any data breach unless it is due to our negligence. 7.5. We have also put in place procedures to deal with any suspected personal data breach and will notify you and any applicable regulator of a breach where we are legally required to do so. #### Transferring your information outside European Economic Area 7.6. Your personal data is primarily stored and processed European Economic Area (EEA), but may also be transferred, processed and stored on servers located in countries outside EEA in order to carry out the activities specified in this Privacy Policy. Your personal data can therefore be subject to privacy laws that are different from those in your country of residence. 7.7. However, if we do transfer personal data to third parties outside EEA, such transfer will be based on appropriate legal safeguards. In these cases, we ensure that both ourselves and our partners take adequate and appropriate technical, physical, and organizational security measures to protect your data. ### Third party links 8\. Our Website may include links to third-party websites, plug-ins, channels or other applications. Clicking on those links or enabling those connections may allow third parties to collect or share data about you. We do not control these third-party services and are not responsible for their privacy statements. When you use the third-party services, we encourage you to read the privacy notice of every website or application you use. ### What rights you have regarding your personal data 9.1. Under certain circumstances, you have the following rights in relation to your personal data: * Request access to your personal data. You have the right to request that we provide you access to your personal data held by us. * Request correction of your personal data. You have the right to request correction of any personal data we hold on you that is inaccurate, incorrect, or out of date. * Request erasure of your personal data. You have the right to request deletion of your data when it is no longer necessary, or no longer subject to legal obligations to which we are subject to. Note, however, that we may not always be able to comply with your request of erasure for specific legal reasons which will be notified to you, if applicable, at the time of your request. * Object to processing of your personal data justified on legitimate grounds. Where we are relying upon legitimate interest to process personal data, then you have the right to object to that processing. If you object, we must stop that processing unless we can either demonstrate compelling legitimate grounds for the processing that override your interests, rights and freedoms or where we need to process the data for the establishment, exercise or defence of legal claims. Where we rely upon legitimate interest as a justification for processing, we believe that we can demonstrate such compelling legitimate grounds, but we will consider each case on an individual basis. * Request restriction of processing your personal data. You have the right to request that we restrict the processing of your personal data where: * you contest the accuracy of the personal data until we have taken sufficient steps to correct or verify its accuracy; * the processing is unlawful but you do not want us to erase the data; * we no longer need your personal data for the purposes of the processing, but you require such data for the establishment, exercise or defence of legal claims; or * you have objected to processing justified on legitimate interest grounds (see above) pending verification as to whether we have overriding compelling legitimate grounds to continue processing. Where personal data is subject to restriction in this way, we will only process it with your consent or for the establishment, exercise or defence of legal claims. * Request transfer of your personal data. Under certain conditions, you have the right to receive all such personal data which you have provided to us in a structured, commonly used and machine-readable format, and also to require us to transmit it to another controller where this is technically feasible. * Right to withdraw consent. Where you have provided your consent to our processing of personal data, you have the right to withdraw it at any time. For example, if you wish to opt-out of receiving e-newsletters, you can use the ‘unsubscribe’ link provided in our emails or contact us directly via and we will stop sending you communications.
9.2. For further information regarding your rights, to exercise any of your rights, or if you have any complaints or questions regarding the processing of your personal data please contact us via \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_. 9.3. Please note that we may request proof of identity, and we reserve the right to charge a fee where permitted by law, for instance if your request is manifestly unfounded or excessive. We will endeavour to respond to your request as soon as possible and in any case within the applicable timeframes. ### Contact Us 10.1. If you have any questions or concerns regarding our Privacy Policy or if you believe our Privacy Policy or applicable laws relating to the protection of your personal data have not been respected, you can file a complaint with us by using the contact details listed below and we will respond to let you know when you can expect a further response. We can request additional details from you regarding your concerns and may need to engage or consult with other parties in order to investigate and address your issue. We will keep records of your request and any resolution. \_\_\_\_\_\_\_\_\_\_\_\_ \_\_\_\_\_\_\_\_\_\_\_\_
Email address: [\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_](mailto:privacy@gatehub.net) 12.2. If your request or concern is not satisfactorily resolved by us, you may approach your local data protection authority, (see ). The Information Commissioner is the supervisory authority in \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_. We would, however, appreciate the opportunity to deal with your concerns before you approach the authorities, so please contact us in the first instance.
# Cookie Policy Template for Certified Partners (Marketplace Operators) ### Introduction With this Cookies Policy, we would like to provide you with all necessary information about cookies and similar technologies that we use at \_\_\_\_\_\_\_\_\_\_ (hereinafter referred as “Our”, “Us”, “We”) when You visit our website located at \_\_\_\_\_\_\_\_\_\_\_\_ or our app (collectively, the "Platform"). This information contains general information about cookies, user’s (hereinafter referred as “User”, “You”, “Your”) choices, specific information about the cookies we use or cookies that are with our consent used by third parties. This Cookies Policy forms part of our general Privacy Policy. ### What are the cookies? Cookie is a small text file that is placed on your computer by a web page or app that you visit. It helps the website or app to identify you when you return to that website or app. There are different types of cookies. From the perspective of their lifespan, cookies can be “session” or “persistent”. Session cookies are automatically deleted as soon as you close your web browser or app, while persistent cookies remain on your computer when you have gone offline. If you need any further information with regards to cookies, we advise You to visit or [www.whatarecookies.com](http://www.whatarecookies.com) . CP\_COMPANY’s own cookies As with many other websites, we use cookies and/or similar technologies to help us understand how people use our services. This enables us to keep improving our Platform. With Our own cookies we recognize You when you visit our Platform and we can remember your preference and settings. Our own cookie is as follows: | Name | Duration | Purpose | Personal data | Nature | | ----------- | ----------- | ------------------------------------------------------------------------------ | ------------- | ------------------ | |


|


| Strictly necessary to identify a user's device and secure requests to the API. | Device ID | Strictly necessary | Third party cookies In order to deliver the best possible experience when using Our Platform, in addition to Our own cookie we also use cookies of reputable third parties which help us optimize our Platform and analyse how the Platform is used. The following companies help us achieve this through use of cookies: | Cookie | Name | Duration | Purpose | Personal data | Nature | | ---------------- | ------------ | -------- | ------------------------------------------ | ----------------------------------------------------------------------------------------------------------------------------------- | ------------------ | | Google Analytics | \_ga | 2 years | Analytics, used to distinguish users. | A randomly generated number to identify unique visitors. | Optional | | Google Analytics | \_gid | 24 hours | Analytics, used to distinguish users. | A unique visitor ID, the source where they have come from, and the web pages visited. | Optional | | Google Analytics | \_gat | 1 minute | Analytics to throttle request rate. |

IP addresses, unique IDs and user’s ID


| Optional | | Google reCAPTCHA | \_GRECAPTCHA | 6 months | Strictly necessary to prevent bot attacks. | Traffic and user’s behaviour, including mouse clicks or touches, browser language, answers to question fields and browser plug-ins. | Strictly necessary | ### Similar techologies In addition to cookies, We also use the following standard Internet technologies in connection with Your use of the Platform: | Type of the technology | What do we follow | Nature | | ---------------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ------------------ | | Software development kits ("SDKs") | Blocks of code that may be installed on the Platform. SDKs help us understand how you interact with the website and/or mobile applications and collect certain information about the device and network you use to access the Platform. | Strictly necessary | | Pixels | Small invisible images that are embedded in certain website pages or emails. Pixels collect information about your visit to a website page, record the fact you opened an email and can set cookies. | Strictly necessary | | Local Storage | Allows data to be stored locally on your browser or device and includes HTML5 local storage and browser cache. Local storage is normally used to speed up site functionality and remember your preferences. | Strictly necessary | | Firebase |

1. Firebase Cloud Messaging: processes Firebase installation IDs to determine which devices to deliver messages to.

2. Firebase Crashalytics: Crashlytics Installation UUIDs, Crash traces and Breakpad minidump formatted data to associate crashes with a project, send email alerts to project members and display them in the Firebase Console, and help Firebase customers debug crashes.
3. Google Analytics for Firebase: processes (i) identifier for vendors ("IDFVs") and Android IDs, (ii) Firebase installation IDs, (iii) Analytics App Instance IDs in order to provide analytics and attribution information.

For more information on Firebase, please see here.

| Strictly necessary | ### Legal basis Every User of our Platform should be able to control the collection of personal data related to using Our Platform. We use strictly necessary cookies for the Platform's operation and optional cookies for analytics. For optional cookies you may give, withdraw or withhold your consent for such cookies. For necessary cookies, there is no possibility of opting-out. #### Necessary cookies Cookies that are described in this Cookie Policy as strictly necessary are strictly necessary for the operation of the website and in order for \_\_\_\_\_\_\_\_\_\_ to provide you with the services and products requested by you. Without such cookies, You may be unable to use certain services and certain functionality on the website and may be significantly impared. #### Optional cookies Cookies that are not described as strictly necessary cookies in this Cookie Policy are optional. Using these cookies will help us deliver a better user experience to you. For these cookies you can opt-out. If you decide to opt-out from optional cookies, please be sure to indicate this when entering our Platform for the first time (you will see a pop-up window) or by blocking / disabling them using your browser settings. By giving Us consent you indicate your consent to our processing (in accordance with this Cookie Policy and our Privacy Policy) of your personal data in relation to such cookies and similar technologies. ### Disabling cookies The effect of disabling cookies depends on which cookies you disable but, in general, the Platform may not operate properly if all cookies are switched off. If you only disable optional cookies, you will not be prevented from using the Platform. If you disable all cookies, including necessary cookies, you will be unable to use certain functionalities on the Platform. If you want to disable cookies on the Plaform, you need to change your web browser settings to reject cookies. How you can do this will depend on the browser you use. Further details on how to disable cookies for the most popular browsers are set out below: #### For Microsoft Internet Explorer: 1\. Select the Tools menu > Internet Options 2\. Select Privacy 3\. Select the setting the appropriate setting #### For Google Chrome: 1\. Select Settings > Advanced 2\. Under Privacy and security > Content settings 3\. Select Cookies #### For Safari: 1\. Select Preferences > Privacy 2\. Select "Remove all Website Data" For Mozilla Firefox: 1\. Choose the Tools menu > Internet Options 2\. Select Privacy 3\. Find the menu "cookie" and select the relevant options #### For Opera: 1\. Select Files menu > Preferences 2\. Select Privacy Where you have not set your permissions, we may also separately prompt you regarding our use of cookies on the website # Account Abstraction Disclaimer #### Data shared with Alchemy (Account Abstraction ONLY) When you interact with your Smart Wallet, our system uses services provided by **Alchemy Insights, Inc.** (“Alchemy”) to enable certain technical functions. To operate these services securely and reliably, **your device’s IP address** is transmitted to Alchemy as part of the network request. We do **not share any directly identifying information** (such as your name or real email address) with Alchemy. **Email addresses used for authentication are automatically replaced with anonymized aliases** generated by our system, ensuring that Alchemy cannot identify or contact you directly. Only for services related to Account Abstraction and Smart Wallets, Alchemy acts as our **data processor** under the EU General Data Protection Regulation (GDPR). They process this limited technical data only to deliver the service and maintain security, in line with their [Data Protection Addendum](https://legal.alchemy.com/#contract-uihycb5ms) and standard contractual clauses for international data transfers. We ensure that: * only the **minimum necessary data** (your IP address and anonymized identifiers) is shared for service functionality, * the transfer is covered by **EU-approved safeguards** (SCCs), and * all other personal data remains controlled and anonymized within our infrastructure. # Token overview ## What is the BST token? The Blocksquare Token BST is the governance token that serves as the basis for the Oceanpoint ecosystem. To vote on proposals posted on [Snapshot](https://snapshot.org/#/blocksquare.eth), BST holders need to first deposit and stake their tokens in the Governance pool. Staking also enables BST holders to passively accumulate more BST as the protocol grows. ## **How do I earn BST tokens?** There are three ways to earn BST tokens: * **Participating in Oceanpoint pools.** Each listed pool is assigned a share of all BST tokens accumulated for rewards and distributed to participants proportionate to size of stake in a specific pool. * **Providing liquidity.** Liquidity Providers to the BST-ETH Uniswap pair are incentivized with BST similarly to other pools. *Note: The trading pair will be incentivized only after v0.2 is launched.* * **Staking your BST.** Users can deposit their tokens to the Governance pool. Staking BST enables token holders to passively accumulate more BST as the protocol grows and receive sBST to vote on proposals posted on [Snapshot](https://snapshot.org/#/blocksquare.eth). ### **How will I receive my BST tokens?** BST tokens are 'deposited' to pool participants, and held by the pool smart contract until a participant broadcasts a transaction to exit the pool, whereupon the BST is delivered to their address. ## What are the BST token metrics? * **Token ticker symbol:** BST * **Total supply:** 100,000,000 BST * **Token contract:** [0x509A38b7a1cC0dcd83Aa9d06214663D9eC7c7F4a](https://etherscan.io/token/0x509A38b7a1cC0dcd83Aa9d06214663D9eC7c7F4a) * **Team BST vesting:** 24 months after launch of v0.1 (22.2.2024) * **Mentors BST vesting:** 12 months after launch of v0.1 (22.2.2023) ### Allocation chart for native BST token: ![](/files/kgbeJO6QdALbd8y3hL4J) ## Where can I purchase BST? Follow the link below to see full list of supported exchanges: {% content-ref url="/pages/rB6DZA2OSdlnrSsjW2Ub" %} [Exchanges](/bst-token/exchanges) {% endcontent-ref %} ## **What is sBST?** sBST can be obtained by participating in the Governance pool on Oceanpoint, a revenue-sharing mechanism that rewards BST holders with additional BST when they deposit their tokens in it. By staking BST, you will get sBST, a tokenized share of the Governance pool that enables you to vote on protocol proposals. # Exchanges
BST-ETH PairBuy BST on UniswapUniswap analytics for BSThttps://app.uniswap.org/#/swap?inputCurrency=ETH&outputCurrency=0x509a38b7a1cc0dcd83aa9d06214663d9ec7c7f4a&chain=mainnet/files/6KPS7o01U79QgZBNweD9
BST-ETH PairBuy BST on 1inch1inch analytics for BST https://app.1inch.io/#/1/unified/swap/ETH/BST/files/XcTOZ4cWLWOupHL2tkJj
BST-USDT PairBuy BST on Gate/files/afnM22N0F5POEnL2d3C0
BST-USDT PairBuy BST on Bitmart/files/8xpDQolZUxfYZXiV2hC4
BST-USDT PairBuy BST on Mexchttps://www.mexc.com/exchange/BST_USDT?inviteCode=mexc-BSTxListing/files/IrHyK17Bth4MMCvSCnK4
BST-AUD PairBuy BST on Stormrake/files/Jh9wLRWTidcnF7rLE2GN
BST-EUR PairBuy BST on Coinmetro/files/W1dyEWEuBdR4Wnll6OnT
# Price feeds {% embed url="" %} {% embed url="" %} # Blocksquare DAO At the heart of Blocksquare's innovative drive is Oceanpoint, a protocol that seamlessly intertwines Decentralized Finance (DeFi) with the real estate sector through the advanced mechanism of tokenization. Operating in parallel with Blocksquare, Oceanpoint serves as a dynamic set of smart contracts on the Ethereum platform. These contracts collectively shape an open-end Decentralized Autonomous Organization (DAO), ingeniously designed to potentially amass an unlimited array of real estate assets. This unique arrangement not only allows for unrestricted participation but also empowers individuals to engage and benefit from a decentralized protocol firmly rooted in the real estate economy. Blocksquare's vision through Oceanpoint is encapsulated in three fundamental pillars: 1. **Parallel DeFi Products:** Oceanpoint and Blocksquare together unveil an array of innovative DeFi products, seamlessly merging the flexibility of decentralized finance with the tangible value of the real estate market. This collaboration aims to revolutionize investment and ownership within this arena. 2. **Coexistent Real Estate Tokenization:** Central to Oceanpoint's strategy, and running concurrently with Blocksquare's objectives, is the tokenization of real estate assets. This process democratizes real estate investment, which traditionally has been the domain of a limited few, thereby broadening the horizons for inclusive participation and investment. 3. **Integrated Community Governance:** Upholding the decentralized spirit, Oceanpoint, in alignment with Blocksquare's ethos, places governance in the hands of its community. This collaborative approach ensures that all decisions and developmental trajectories are guided by collective insights and a unified vision, resonating with the core principles of a DAO. To learn more about how to get actively involved in Blocksquare's DAO, head over to the [Oceanpoint Docs](https://docs.oceanpoint.fi), where you can learn more about the DAO's targets and goals, as well as community growth initiatives like the [Regional Hubs](https://docs.oceanpoint.fi/community-participation-and-governance/regional-hubs). # General questions # Blockchain technology
What is blockchain technology and how does it work? Blockchain technology is a type of distributed ledger technology that enables the creation of secure, transparent, and immutable digital records. A blockchain is a decentralized network of computers, known as "nodes," that are connected to each other through a peer-to-peer network. Each node on a blockchain network maintains a copy of the blockchain's ledger, which records all the transactions that have taken place on the network. Whenever a new transaction is initiated, it is verified by multiple nodes on the network using complex algorithms. Once a transaction is verified, it is added to the blockchain as a "block" of data, which is then distributed to all the nodes on the network. The decentralized and distributed nature of blockchain technology makes it highly secure and resistant to tampering or corruption. This is because any changes to the blockchain must be agreed upon by a majority of the nodes on the network, and once a block is added to the blockchain, it cannot be altered or removed. Overall, blockchain technology provides a secure and transparent platform for the storage and transfer of digital information and assets. It has a wide range of potential applications, including in finance, supply chain management, and the Internet of Things. At Blocksquare, we deeply rely on the qualities of blockchain technology to power a real estate tokenization infrastructure with transparency, immutability and accountability at its core.
What are the benefits of using a blockchain infrastructure for my business? There are several benefits of using a blockchain infrastructure for your business, including: 1. Improved security: As mentioned earlier, the decentralized and distributed nature of blockchain technology makes it highly secure and resistant to tampering or corruption. This can help protect your business against cyber threats and data breaches. 2. Increased transparency: Blockchain technology enables the creation of transparent and immutable digital records, which can help to increase trust and transparency within your business and with your customers. 3. Enhanced efficiency: Blockchain technology can automate many processes and eliminate the need for intermediaries, which can help to reduce costs and improve efficiency within your business. 4. Greater flexibility: Blockchain technology can be customized and adapted to a wide range of applications and use cases, making it a versatile platform for your business. 5. Better scalability: Blockchain networks can accommodate a large number of users and transactions, making them well-suited for businesses that need to scale quickly. Overall, using a blockchain infrastructure can provide a number of advantages for your business, helping to improve security, transparency, efficiency, and scalability.
How does your infrastructure ensure security and protect against cyber threats? Generally, the blockchain platforms our system is deployed on ensure security through a combination of decentralized and distributed architecture, as well as various security measures and protocols. The decentralized and distributed nature of blockchain technology makes it highly resistant to tampering or corruption. Because a blockchain network is composed of multiple nodes that must all agree on the validity of a transaction, any attempt to alter or corrupt the blockchain would require the coordination of a majority of the nodes on the network. This makes it extremely difficult for a single individual or entity to compromise the security of the blockchain. In addition to the security provided by the decentralized nature of the blockchain, we also implement additional security measures to protect against cyber threats and unauthorized access. These measures include encryption, secure authentication protocols, and other security technologies. It is important to carefully evaluate the security measures of any blockchain platform you are considering using for your business, and to consult with experts if necessary, to ensure that it can provide the level of security you need. At Blocksquare we constantly take development standards and measures to ensure our clients receive the cyber protection required to operate their marketplace business with peace of mind.
# Value proposition
How is your blockchain platform different from other solutions on the market? Blocksquare's vision is to power 100s of platforms across the globe, connecting investors to real estate opportunities in their region. 1. This means our solution is built to scale across jurisdictions, creating a standardized market for real estate tokens to seamlessly trade in a transparent and borderless manner. 2. We offer a compliant tokenization infrastructure to easily transfer real estate asset value on-chain. 3. With our real estate tokenization protocol entrepreneurs can start digitising real estate assets at a fraction of the cost. 4. Our white-label platform offers the quickest way to launch an investment marketplace.
How do you support the scalability and performance needs of our business? As an infrastructure provider we support the scalability and performance needs of your tokenized real estate marketplace business in a number of ways, including through the use of scalable and high-performance blockchain platforms (i.e. Ethereum, NEAR), as well as other technologies and strategies. One of the key benefits of using blockchain technology for real estate tokenization is its ability to support a large number of users and transactions, without sacrificing performance or security. Our blockchain-based platform is designed to be highly scalable, meaning we can accommodate a growing number of users and transactions without significant degradation in performance. Overall, Blocksquare as the infrastructure provider for tokenized real estate can play a key role in supporting the scalability and performance needs of your real estate tokenization business through the use of scalable, high-performance cloud platforms (i.e. AWS), as well as implementing other technologies and strategies that increase application performance for your end users.
# Customer support
Can you accommodate customizations and integrations with our existing systems? In general, we are able to offer both customization and integration services. When it comes to custom features requests, we internally evaluate total costs for each specific request based on the agreed pricing and prepare an offer for the partner. Blocksquare has sole discretion to adopt a decision, whether such request qualifies as a new custom functionality charged to the partner or if it qualifies as a regular upgrade of Blocksquare’s infrastructure. When it comes to regular upgrades, no aditional implementation costs shall be charged to the client.
What kind of training and support do you offer for your platform? We offer a variety of training and support resources to help clients get the most out of our platform. For example, we regularly produce and update online tutorials, guides, and documentation to help Certified Partners learn how to operate their tokenized marketplace, tokenize new properties and mange both primary and secondary markets. In addition to self-service training resources, we also offer support through various channels, such as email, phone, or Discord private channel chat, to help our clients with any questions or issues they may have. For enterprise clients we also offer a more comprehensive support service with dedicated account managers and customer success team, providing a more personalized assistance to large clients.
# Other
Can you provide references from other clients who have used your platform? We work with numerous companies across the world to help them achieve their goals of opening up a marketplace and offering tokenized real estate deals to their investor base. Our list of clients is ever expanding, but some of the companies we have worked with include Bricktrade (UK), Bravo (Brazil), HeroX (AU), Arms & McGregor (UAE), Tokeniza (Spain), Terramint (USA), Lumifund (Netherlands), MLT (Poland), T-Blocks (UK)...
What is your pricing model and what does it include? Access and use of our real estate tokenization infrastructure is possible through the purchase of a on-time software license. To accommodate businesses at any growth stage, we also offer monthly plans to acquire the software license throughout multiple instalments. Once access to the protocol and platform is granted, costs of operating a marketplace are based on usage. Please refer to the [Pricing](/certified-partners/pricing) section to see our latest fee schedules.
# Tokenization protocol # Structuring and issuance
How many tokens can be issued for each property? Blocksquare Property Tokens (BSPTs) are a standard Ethereum ERC-20 smart contract with a defined maximum issuance of 100,000 tokens for each real estate property, where 1,000 tokens can be issued for each 1% of an asset's capital stack.
Is it possible to tokenize 100% of a property? Correct. Within the smart contract, you define the “pre-tokenization” capital stack structure and then update it according to your token issuance plans. In theory, 100% of the property can be represented by tokens, however, it is more likely that a property will also have a senior debt layer next to the tokenized part and perhaps even a layer of traditional non-tokenized equity. In any case, the token structure is very flexible and can accomodate any capital stack structure.
Can the tokenization be structured to create a debt-like liability in the capital stack? In short, yes, it is possible to structure the tokenization to be debt-like. The following terms in the resolution need to: 1. be fixed to a repayment date (mandatory buyback date). 2. the buyback threshold needs to be set at 100%, meaning 0 token holders need to agree with the buyback price. 3. The revenue based returns should be replaced by a fixed interest rate on total value of all issued token. *Note: at the same time the minimum buyback price is always equal to the primary token offering price.*
Is it possible to tokenize a property with already existing debt in place? If the primary lender doesn't strictly prevent silent secondary mortgages, a property with senior debt in place can be tokenized with our protocol. Our smart contracts hold information of the various layers of the capital stack, which always needs to amount to 100%. For example, a property valued at USD 1,000,000 with an outstanding senior debt statement of USD 700,000 implies that 30% is owner's common equity. If 10,000 tokens are to be issued, the capital stack would therefore look like: 1. Cap (tokenization): 10% = 10,000 units 2. Senior debt: 70% = 70,000 units 3. Junior debt: 0% = 0 units 4. Mezzanine: 0% = 0 units 5. Preferred equity: 0% = 0 units 6. Common equity: 30% = 30,000 units *Note: As a general practice, the pre-tokenization capital stack of the asset is always registered on-chain before any issuance of tokens takes place.* You can read more about the capital stack under the section [BSPT tokens](/infrastructure/tokenization-protocol/bspt-tokens#capital-stack-registration)
Are changes to the capital stack registered on-chain? To keep transparency and accountability on a very high level, we suggest issuers register any major changes in the capital stack like debt repayment to develop an on-chain track record. At Blocksquare we see that maintaining high standards could in time result in the creation of various reputation or "credit scoring" subsystems that might help DeFi lenders evaluate risk exposure.
# Asset valuation
How is valuation stored within the property token smart contract? Within each property token contract, 2 values are possibly stored: 1. property valuation, and 2. token valuation. #### Example A property is valued at 1M USD and 50% has been tokenized and sold to investors for 10$ per token in a primary offering. After the offering is completed, the 50,000 BSPT tokens are held across 100 token holder accounts. After some time, holders of these tokens can start trading them on the secondary market where they can resell these tokens for their desired price. If one token sells for 11$, one could assume the valuation should now be 1.1M USD, however, it does not mean that every one of the 50,000 issued tokens would actually sell for the price of 11$, right? This means that the "token value" not necessarily correlates with the "property value", but we can use price points together with trade volumes and capital stack structure to generate an overall valuation that takes into consideration both the traditional "property valuation" as well as the more volatile and less understood "token valuation", creating a live price feed for the tokenized property.
# Buyback process
Is a buyback mandatory? The requirement of a buyback is defined within the [corporate resolution](/infrastructure/tokenization-protocol/corporate-resolution) and can be event and/or time delimited. By default, the buyback obligation is triggered by either the sale of the property to a 3rd party buyer or by sale of shares of the issuing company (title owner). *Note: The buyback is not required if the new shareholders fully adopt and abide by the relevant resolution.*
Can an issuer determine the buyback threshold? Yes, at signing of the [corporate resolution](/infrastructure/tokenization-protocol/corporate-resolution), the issuer should define the buyback threshold, effectively setting the buyback governance rules up front.
Is there a time limit for an issuer to execute a buyback? When a buyback offer to token holders is placed, the buyback smart contract requires the input of a date and time until token holders need to engage to reach the buyback threshold. If the threshold is not reached within the defined period of time, the offer is not deemed accepted and the issuer's buyback is unsuccessful. The process can be restarted and will likely require additional price negotiations between issuer and token holders.
Can an issuer define a time-delimited buyback obligation? Optionally, yes. If the buyback is mandatory at a predefined date and at a predefined price, the tokenization offering works similarly to a debt offering.
How is the buyback initiated? The buyback is streamlined with the use of the buyback smart contract. You can find the description of the process [here](https://docs.blocksquare.io/infrastructure/tokenization-protocol/corporate-resolution#article-5).
Is the buyback initiated by the issuer or the majority of token holders? In general, it is initiated by the issuer before the buyback obligation is triggered according to the terms defined at token issuance. There is a “buyback threshold” that defines the quorum for the buyback process to be successfully accepted by the token holders. This threshold gives some power of negotiation to the issuers and is defined by the issuer when structuring the tokenization deal.
How does the buyback settlement process work? If the issuer’s buyback offer is accepted by the required amount of token holders, then the issuer can proceed with the transaction and deposit required funds in the buyback smart contract. However, if the threshold quorum is not reached, the tokens get released back to the token holders and the issuer is legally in the same situation as before the buyback process was started. The issuer can then decide to reattempt with a better offer or not pursue the buyback.
What if the buyback offer information does not reach token holders? As KYC is required and the infrastructure prevents a user to hold any tokens if not whitelisted within the protocol, the likelihood of a user not being reached with the buyback information is decreased drastically.
Is the issuer required to initiate a buyback when the amount of mortgage/debt is changed? The issuer is legally bound to buyback tokens prior to any legal dealings with the real estate asset (sale, transfer, mortgage...). This means, if there is a mortgage already present at time of token offering, that is perfectly fine as the token buyers will be informed about it before making the decision to invest. However, if any new mortgaging or remortgaging happens, the deal structure changes and token holders need to be able to exit before the change takes place.
Is it possible that a property token sustains for 20, 30 year or more if the issuer decides not to transfer title to a 3rd party? In theory, yes, the lifecycle of a tokenized property can last indefinitely just like equity in a company can. In practice, however, the lifecycle will be probably shorter as the title owner will probably find good opportunities on the market to sell the property and create a liquidity event for all parties, token holders included. That being said, there is also potential for a new shareholder to fully adopt the resolution and acquire the property holding company in its entirety alongside its liability towards token holders, as per [Article 3 of the resolution.](https://docs.blocksquare.io/infrastructure/tokenization-protocol/corporate-resolution#article-3)
Does a "withdrawal" of the Resolution mean a buyback?
{% hint style="info" %} More information on the buyback threshold mechanics can be found [here](https://docs.blocksquare.io/infrastructure/tokenization-protocol/corporate-resolution#7.-buyback-threshold). {% endhint %} # Security & privacy
How does tokenization increase security in real estate investing? Tokenization increases security in real estate investing by providing a tamper-proof, transparent and immutable record of ownership, transactions, and compliance. It also allows for automation of smart contract that can ensure the enforceability of rights and obligations, and reduces the need for intermediaries in the process, which can further increase security.
What measures do you take to ensure the security of your infrastructure? Blocksquare takes multiple measures to ensure the security of its platform and assets. This includes using robust encryption and secure protocols for data storage and transmission, implementing strict access controls and multi-factor authentication, and conducting regular security audits and penetration testing. We also implemented a complex smart contract system that helps us automate compliance and reduces human error.
How are ownership transfers of tokenized real estate assets managed and tracked? Ownership and transfer of tokenized real estate assets on the Blocksquare platform are managed and tracked using smart contracts on the blockchain. These smart contracts automatically enforce the rights and obligations of the parties involved and provide a tamper-proof, transparent and immutable record of ownership and transactions.
What if a token holder loses private keys to the wallet where they hold assets? If a user would lose access to their wallet, the KYC requirement enables system admins to use a "burn and mint" function to transfer tokens to a new wallet for that user. *Note: A special protocol that is available only to high ranking system admins has been put in place to achieve this in a secure manner.*
What kind of recourse is available in case of a security breach on the platform? In case of a security breach on the Blocksquare platform, the platform will take all necessary steps to secure and protect the assets, such as freezing affected assets, and coordinating with relevant authorities. Additionally, Blocksquare has implemented a system of multi-signature wallets, which means that multiple parties need to approve executions of function limited to system admins before it can be executed, providing an additional layer of security.
What real estate property related information is stored on-chain? When tokenizing a real estate asset with Blocksquare, certain property-related information may be stored "on-chain" in order to provide transparency and verifiability for investors and other stakeholders. This information may include: 1. Property location and description: Information such as the usage, type, address, geo-location, identification and any other relevant details about the physical property being tokenized. 2. Ownership information: Information such as the token issuer's ownership status of the property is highlighted in the [corporate resolution.](/infrastructure/tokenization-protocol/corporate-resolution) 3. Tokenization details: Information such as the total number of tokens issued, the total value of the tokens, and the terms of the tokenization, such as the rights and privileges associated with owning a token are highlighted in the [corporate resolution.](/infrastructure/tokenization-protocol/corporate-resolution) 4. Also the smart contract that holds the information of the property, the ownership, and the tokenization details are all stored on-chain. *It's important to note that Blocksquare uses the Ethereum blockchain as a foundation, and the information that is stored on-chain is recorded in the form of smart contracts on the Ethereum blockchain, and the data stored on-chain is immutable and transparent, meaning that any information recorded on-chain cannot be hidden, altered or deleted.*
# Marketplace operators # Payments & invoicing
What payment methods does Blocksquare accept for invoicing? Blocksquare accommodates payment methods agreed upon in the "Services offer" during the signing of the agreement. All payments are handled electronically to ensure swift and efficient transactions.
What are the standard terms and conditions on a Blocksquare invoice? Blocksquare's standard terms and conditions for invoices are set in accordance with the agreement signed by the Partner, mainly governed by the "Services offer". According to these terms, the payment obligations are non-cancelable and any fees paid are non-refundable. The quantities purchased cannot be decreased during the relevant period.
How do I understand the charges on my Blocksquare invoice? The charges on your Blocksquare invoice are based on the "Services offer" agreed upon at the time of signing the agreement. The invoice will reflect the agreed fees for products and services purchased, not the actual usage. Each charge will be explicitly mentioned for transparency and easy understanding.
What should I do if I find a mistake on my Blocksquare invoice? If you find a mistake on your Blocksquare invoice, please contact us directly via the communication method provided in the agreement. We aim to resolve any discrepancies swiftly and efficiently to ensure your satisfaction and maintain the integrity of our invoicing process.
Can I receive my Blocksquare invoices electronically? Yes, Blocksquare sends all invoices electronically. After signing the agreement, you will receive the first proforma invoice via email within five business days. Subsequently, Blocksquare will send an invoice for the previous month, no later than the tenth business day of the following month. This method provides a convenient, quick, and environmentally friendly way to manage your invoices.
# User management
What criteria is used to "whitelist" a user in addition to KYC? Who gets whitelisted on your marketplace is at the sole discretion of you as the marketplace operator. Some marketplace operators wish to run "private investment clubs" with complex eligibility criteria, whilst others opt to whitelist any user who meets basic KYC criteria. On the back office level, we currently support two options to enable the above: 1. anyone who passess KYC is auto whitelisted for the marketplace, and 2. all users who pass KYC need to be confirmed by the marketplace admin *Note: As we develop new functionalities, more complex features should become available for marketplace operators to efficiently administer their investor communities.*
# Primary offerings
What happens when tokens are not sold out? #### Example An issuer decides to tokenize 20% of a property and organize a primary offering of 20,000 tokens. Unfortunately, they sell only 10,000 tokens. At that point they can decide to either: 1. finalize the offering, mint tokens to token buyers and update the capital stack to reflect the actual amount of issued tokens in relation to any other layers (i.e. equity, debt), or 2. rever the offering and return funds to investors.
Where do the funds go after a token sale? The funds go to the company bank account and/or wallet of the issuer.
How can issuers use fund raised via primary offering? After the token offering is complete, raised funds are owned by the issuer company. The company and their shareholders decide what the funds should be used for. There could be a pre-agreement or make a decision only after the completion of the offering. Whether the company decides to pay off debt, invest capital in another property/asset, engage in stock buyback, distribute dividends or any other transaction is up to the company shareholders to decide based on market conditions. oken holders do not have any say over assets owned by the company, except for the real estate asset(s) highlighted and identified by the resolution.
# Secondary market trading # Distributing revenues # End users # KYC
Why do users need to undertake KYC? Financial regulators require operators of transactional marketplaces to verify your identity due to AML (Anti-Money Laundering) regulation. To be the most trusted place to buy and sell tokenized real estate, we protect your personal data and comply with EU's General Data Protection Regulation (GDPR).
What is AML or Anti-Money Laundering regulation? The purpose of the AML rules is to help detect and report suspicious activity including the predicate offenses to money laundering and terrorist financing, such as securities fraud and market manipulation.
What do users need to complete KYC? To complete KYC, users are required to complete the following steps: 1. Provide a clear image of a valid ID document (passport, identity card or driver's license), 2. Take selfie with phone or desktop camera, 3. Undertake liveness check (optional).
Are users required to KYC each time they make a purchase? No. KYC is only required once, after account registration and before any token purchase is executed.
A user is reporting issues with KYC — what are common problems? By default and to avoid most common issues, we suggest users completing KYC using their mobile phone. **Image quality** When taking photos, please note that the information on the document must be clearly legible, all corners of the document should within the frame visible, two-page or two-sided documents must have all pages/sides photographed, the acceptable file types are JPEG and PDF at least 500KB in size. **Browser permissions** To get yourself verified, you need to allow access to your webcam, when prompted by your browser. If you've already done this but your webcam is still not working, you might need to check your operating system's camera settings. You can find instructions for most browsers and systems [here](https://support.sumsub.com/hc/en-us/articles/360010659959-What-if-my-camera-is-not-working-#h_01EDEFVAS2G5A2VHC48XS3QN06).
# Wallets
How many white-listed wallets can each end user account have? To securely hold tokenized assets and/or stablecoin funds, we require end users to register and connect an Ethereum wallet. Up to 10 wallets per user account are supported.
What if an end user looses access to their wallet? If a user's private key is stolen or lost, they will no longer have access to the assets they store on that wallet, except for the real estate tokens. It is important to take the necessary security measures to protect your private key, including keeping them in a safe place, using a hardware wallet, and protecting your computer or device with a strong password and up-to-date security software. Additionally, it is also important to back up your private key in case you lose it or your device is lost or stolen. In the case access to a wallet is lost, we are still able to restore ownership of the property tokens held on that wallet using the `burn and mint` function. Note, that this action requires system admin rights and is reserved only for specific cases. When used, the end user is required to first pass additional KYC verification.
What types of wallets can end users connect? We support most major wallets, like Metamask and WalletConnect compatible wallets.
What security measures should users take when using a self-custody wallet? To ensure the security of your real estate tokens when using a self-custody wallet like MetaMask or WalletConnect-compatible wallet, it is important to take several measures to protect your wallet and your private keys. These measures may include: 1. Keeping your private keys safe: Always make sure to keep your private keys in a safe place, and avoid sharing them with anyone. 2. Securing your computer or device: Make sure that your computer or device is protected by a strong password and has up-to-date security software installed. 3. Avoiding phishing attacks: Be aware of phishing attempts and never click on suspicious links or enter your private keys on a website unless you are certain that it is legitimate. 4. Using a hardware wallet: Consider using a hardware wallet, like Trezor or Ledger, to store your private keys offline and ensure they are protected against hacking. 5. Be aware of malware: Be aware of malware and other malicious software that can steal your private keys, use a reputable anti-virus software to protect your device.
# Privacy
How is user privacy protected across your infrastructure? Blocksquare takes several measures to protect user privacy, including implementing strict access controls and multi-factor authentication, using robust encryption and secure protocols for data storage and transmission, and conducting regular privacy impact assessments. Additionally, the platform does not collect unnecessary personal data, and only collects the minimum data required to provide its services.
What kind of personal information is being collected from end users? Blocksquare only processes user information, while marketplace operators typically collect personal information such as name, email address, and government-issued identification for verification and compliance purposes. Additionally, marketplace operators may collect financial information such as bank account or credit card information for the purpose of transactions on the platform.
How is user data stored and protected on the platform? User data is stored on secure servers and protected by robust encryption and secure protocols. Access to user data is strictly controlled and limited to authorized personnel only, and regular security audits and penetration testing are conducted to ensure the ongoing integrity and protection of user data.
Does Blocksquare share user data with any third parties? Blocksquare only shares user data with third parties in accordance with its privacy policy, and only as required by law or for the purpose of providing its services. Any data sharing with third parties is done in a secure and confidential manner.
What are the user's rights regarding their personal data? Users have the right to access, correct, and delete their personal data, as well as the right to object to the processing of their personal data and to request that their personal data be transferred to another service provider. Users can exercise these rights by contacting Blocksquare's support team or the support team of the marketplace operator. *Note that these rights may be limited or overridden by the AML regulations and compliance requirements, in cases where the user's personal data is necessary for the platform to comply with legal and regulatory obligations or to detect and prevent money laundering activities.*
# Key Risks {% hint style="warning" %} Just like with any type or form of investment, your capital is at risk when investing through tokenized real estate. The value of your investment can go down as well as up. Gross revenue, dividends and capital growth may be lower than estimated. Exit on platform subject to price & demand. We do not provide tax or investment advice and any general information is provided to help you make your own informed decisions. Customers are advised to obtain appropriate tax or investment advice where necessary. {% endhint %}
What are the key risks associated with investing on an online platform? Some key risks include market volatility, lack of diversification, and the potential for fraud or mismanagement by platform operators or individual investors.
How can I protect myself from market volatility when investing online? One way to protect yourself from market volatility is to diversify your portfolio by investing in a mix of assets, such as stocks, bonds, and real estate. Additionally, it's important to do your own research and invest in companies or assets that you understand and are comfortable with.
How can I ensure the marketplace I'm using is legitimate and not a scam? One way to ensure that an online investment marketplace or platform is legitimate is to research the platform and its operators. Look for reviews, check if the platform is registered and regulated by a government authority, and see if they have a transparent track record of performance.
How can I protect myself from fraud or mismanagement on an online marketplace? One way to protect yourself from fraud or mismanagement by other investors is to thoroughly research any investment opportunity before investing, and to invest only in opportunities that you understand and feel comfortable with. Additionally, it may be helpful to diversify your investments across multiple opportunities, rather than putting all of your money into one opportunity.
# Revenue Distribution Contract ### Introduction Blocksquare enables anyone with an internet connection to invest in individual real estate assets through purchase of [BSPT tokens](/infrastructure/tokenization-protocol/bspt-tokens). Some real estate assets generate revenues due to rental agreements between the property owner and tenant(s) of the property. Through the tokenization process, the owner agrees to transfers economic rights onto BSPT token holders, which is achieved with the signing of a [Corporate resolution](/infrastructure/tokenization-protocol/corporate-resolution) in which the percentage of revenues is specified. These recurring revenues are to be converted into a stablecoind (e.g. DAI, USDC, USDT) and distributed to BSPT token holders on a predefined time interval (e.g. monthly, quarterly or annually) based on the amount of tokens issued, where 100,000 BSPT represents 100% of the economic rights of the property. As BSPT tokens can also be traded on the secondary market, there is a certain complexity when it comes to calculating how much of the total revenues should be distributed to each individual BSPT token holder for a given time period. To accurately execute this an off-chain algorithm has been developed by Blocksquare that is then used to place deposits into the Revenue Distribution smart contract deployed on Ethereum mainnet. The smart contract key functions are listed below. ### Key Events
EventDescription
RevenueAdded(address indexed property, address[] users, uint256[] amounts, uint256 fromTime, uint256 toTime)An event emitted whenever new revenue is added.
RevenueClaimed(address indexed property, address indexed user, uint256 amount, uint256 time)An event emitted whenever a user is claiming revenue
### Add Revenue Used to add revenue for a specific property and distribute it among users. Only the system administrator or authorized certified partner can call this function. **Revenue Distribution** 
function addRevenue(address property, address[] memory users, uint256[] memory amount, uint256 from, uint256 to)
* `property`: The address of the property * `users`: An array of user addresses that we want to add revenue for * `amount`: An array of amounts that we want to add for the users * `from`: Start date for revenue calculation * `to`: End date for revenue calculation * `RETURN`: No return, reverts on error. **Solidity** ```solidity RevenueDistribution revenue = RevenueDistribution(0x123...); // contract address revenue.addRevenue(property, users, amounts, from, to); ``` **Web3 1.2.6** ```solidity const property = '0xABC...' // Property 0xABC const users = ['0x123...'] // User 0x123... const amounts = [1000 * e6] // 1.000 USDT for example const fromTime = 1707977495 // 15th February 2024 - 6:11 AM const toTime = 1708063895 // 16th February 2024 - 6:11 AM const tx = revenue.methods .addRevenue(property, users, amount, fromTime, toTime) .send({ from: sender }); ``` ### Claim Revenue For Single Property Used to claim the pending revenue for a single wallet and property. This function doesn't restrict the caller, so you can claim revenue on behalf of other users and send it to their wallet. **Revenue Distribution** ```solidity function claimRevenuesForWalletForProperty(address wallet, address property) ``` * `wallet`: Wallet address that has outstanding revenue and that should receive it * `property`: Property address for which you want to claim revenue * `RETURN`: No return, reverts on error. **Solidity** ```solidity RevenueDistribution revenue = RevenueDistribution(0x123...); // contract address revenue.claimRevenuesForWalletForProperty(wallet, property); ``` **Web3 1.2.6** ```solidity const wallet = '0x123...' // Address of the user wallet const property = '0xABC...'; // Address of the property const tx = revenue.methods .claimRevenuesForWalletForProperty(wallet, property) .send({ from: sender }); ``` ### Claim Revenue For Multiple Properties Used to claim the pending revenue for a single wallet and multiple properties. This function doesn't restrict the caller, so you can claim revenue on behalf of other users and send it to their wallet. **Revenue Distribution** ```solidity function claimRevenuesForWalletForMultipleProperties(address wallet, address[] memory properties) ``` * `wallet`: Wallet address that has outstanding revenue and that should receive it * `properties`: Array of property addresses for which you want to claim revenue * `RETURN`: No return, reverts on error. **Solidity** ```solidity RevenueDistribution revenue = RevenueDistribution(0x123...); // contract address revenue.claimRevenuesForWalletForMultipleProperties(wallet, properties); ``` **Web3 1.2.6** ```solidity const wallet = '0x123...' // Address of the user wallet const properties = ['0xABC...', '0xBCD'] // Addresses of the properties const tx = revenue.methods .claimRevenuesForWalletForMultipleProperties(wallet, properties) .send({ from: sender }); ``` ### Push Revenue To User Used to claim the pending revenue for a single property and multiple wallets. This function doesn't restrict the caller, so you can claim revenue on behalf of other users and send it to their wallet. **Revenue Distribution** 
function pushRevenueToUser(address property, address[] memory wallets)
* `property`: Property address that has outstanding revenue * `wallets`: Array of wallet addresses for which you want to claim revenue * `RETURN`: No return, reverts on error. **Solidity** ```solidity RevenueDistribution revenue = RevenueDistribution(0x123...); // contract address revenue.pushRevenueToUser(property, wallets); ``` **Web3 1.2.6** ```solidity const property = '0xABC...' // Address of the property const wallets = ['0x123...', '0x234'] // Addresses of the wallets const tx = revenue.methods .claimRevenuesForWalletForMultipleProperties(property, wallets) .send({ from: sender }); ``` ### Pending Revenue Used to check the amount of pending revenue for a specific property and user. **Revenue Distribution** ```solidity function pendingRevenue(address property, address user) returns (uint256) ``` * `property`: Property address that has outstanding revenue * `user`: User address for which you want to check outstanding revenue * `RETURN`: The amount of outstanding revenue (integer) **Solidity** ```solidity RevenueDistribution revenue = RevenueDistribution(0x123...); // contract address revenue.pendingRevenue(property, user); ``` **Web3 1.2.6** ```solidity const property = '0xABC...' // Address of the property const user = '0x123...' // Address of the user wallet const amount = await revenue.methods.pendingRevenue(property, user).call(); ``` ### Total Pending Revenue Used to check the total outstanding revenue for a specific user. **Revenue Distribution** ```solidity function totalPendingRevenue(address user) returns (uint256) ``` * `user`: User address for which you want to check the total outstanding revenue * `RETURN`: The amount of outstanding revenue (integer) **Solidity** ```solidity RevenueDistribution revenue = RevenueDistribution(0x123...); // contract address revenue.totalPendingRevenue(user); ``` **Web3 1.2.6** ```solidity const user = '0x123...' // Address of the user wallet const amount = await revenue.methods.totalPendingRevenue(user).call(); ``` ### Average Monthly Payout Used to check the average monthly payout for a specific property. **Revenue Distribution** ```solidity function getAverageMonthlyPayout(address property) returns (uint256) ``` * `property`: Address of the property we want to check the average monthly payout for * `RETURN`: The amount of average monthly payout (integer) **Solidity** ```solidity RevenueDistribution revenue = RevenueDistribution(0x123...); // contract address revenue.getAverageMonthlyPayout(property); ``` **Web3 1.2.6** ```solidity const property = '0xABC...' // Address of the user wallet const monthlyPayout = await revenue.methods.getAverageMonthlyPayout(property).call(); ``` ### Total Payout Used to check the amount of total payouts for a specific property. **Revenue Distribution** ```solidity function totalPayout(address property) returns (uint256) ``` * `property`: Address of the property we want to check the total payout for * `RETURN`: The amount of total payout (integer) **Solidity** ```solidity RevenueDistribution revenue = RevenueDistribution(0x123...); // contract address revenue.totalPayout(property); ``` **Web3 1.2.6** ```solidity const property = '0xABC...' // Address of the user wallet const totalPayout = await revenue.methods.totalPayout(property).call(); ``` # Security ### Introduction The security of the Blocksquare Protocol is our highest priority; our development team, alongside third-party auditors and consultants, has invested considerable effort to create a protocol that we believe is safe and dependable. All contract code and balances are publicly verifiable, and security researchers are eligible for a bug bounty for reporting undiscovered vulnerabilities. We believe that size, visibility, and time are the true test for the security of a smart contract; please exercise caution, and make your own determination of security and suitability. ### Audits The Blocksquare Protocol has been reviewed & audited by [Hacken](https://www.hacken.io/). 1. [Hacken - March 2022](https://wp.hacken.io/wp-content/uploads/2022/03/Block_Square_28032022_SCAudit_Report2-1.pdf) 2. [Hacken - July 2022](https://wp.hacken.io/wp-content/uploads/2022/03/Blocksquare_06072022_SCAudit_Report_2.pdf) 3. [Hacken - March 2023](https://wp.hacken.io/wp-content/uploads/2022/03/BlockSquare_SC-Audit-Report_08032023_SA-915.pdf)