Block66 is building a new blockchain-enabled marketplace for mortgages. Institutional and private lenders can use the service to offer loans to a wide range of borrowers, introduced by Block66 broker partners. Through the practical use of smart contracts, loans can be taken from origination to facilitation, quickly and efficiently. All loans are also represented as tradable tokenized securities, providing a liquidity mechanism as standard.
Block66 Token (B66) is an Ethereum-based token used to produce Block66 Network Tokens (BNET). As with B66 held by Block66 [company] holders who activate their B66 will begin generating BNET which can be sold to other platform participants. Platform users require BNET to pay platform fees hence the active market for these tokens. The price of BNET will be set by Block66 [company].
Block66 Pre-sale ICO began on September 6th, 2018 with a starting price of 0.07 USD and its end date is unknown. Block66 ICO start and finish dates are yet to be determined. The ICO token supply represents 51% of the total token supply, so there is a total of 153,000,000 tokens available, for 0.10 USD each. The ICO funding target is not determined, the funding cap is 12,285,000 USD.
Token Reserve Split (49%):