Blocksquare is an Ethereum-based tokenization network designed for the real estate sector that allows businesses to digitize the value of their real estate properties, launch investment platforms, and connect potential clients to real estate deals online.
The project’s developers recently announced an airdrop event to officially launch its native BST token and list it on exchanges. In this article, we will take a look at the Blocksquare project in detail to understand what it is and how it works. We will also explain how you can claim the BST tokens via the airdrop, its eligibility criteria, whether it is free, and when the token will be listed on exchanges.
So, make sure to stay until the end.
What Is Blocksquare?
Blocksquare is a tokenization infrastructure designed specifically for the real estate market, where it allows businesses to digitize the value of their real estate assets, launch investment platforms, and connect with potential buyers digitally.
The Ethereum-based platform’s real estate tokenization protocol enables entrepreneurs to start digitizing real estate at a fraction of the cost. Blocksquare allows owners to convert their property into 100,000 BST tokens, which can be purchased by investors wholly or partially.
Blocksqaure is designed with scalability in mind, allowing businesses to expand their operations on the Ethereum and IPFS networks. Real-world asset tokenization allows sellers to match the market demand by approaching investors of varying sizes, thereby increasing liquidity for other players in the commercial real estate space, such as asset managers, investment funds, online investment platforms, real estate developers, banks, consultants, and more.
How Does It Work?
Blocksquare offers three main products, which are instrumental to its smooth functioning. First up is the Spring tokenization protocol, which tokenizes real estate assets. It enables entrepreneurs to digitize real estate assets while Blocksquare’s white-label platform offers a quick way to launch an online marketplace.
Then there is the Delta white-label platform, which safely onboards investors and lists tokenized real estate. Here you can launch your own tokenized marketplace where investors can browse through to find investment opportunities and execute them.
Lastly, there is the OceanPoint liquidity protocol, which is a decentralized finance (DeFi) protocol for real estate assets. The liquidity engine opens access to decentralized and limitless financing for property owners anywhere in the world by aggregating assets under tokenization with a USD-denominated stablecoin.
What Is The BST Token?
BST is the native utility and governance cryptocurrency powering the Blocksquare ecosystem. The token is used to perform transactions, pay network fees, tokenize real estate assets, stake, and for governance purposes.
Holders can stake the Blocksquare token via the OceanPoint protocol to earn the Staked BST (sBST) token, which allows them to vote on governance decisions that dictate the path forward for Blocksquare. Staking also enables BST holders to passively accumulate more tokens as the protocol expands, while providing it with much-needed liquidity.
BST has a maximum supply of 100 million tokens, out of which, 48.82 million BST is currently in circulation. Blocksqaure has a market capitalization of $19.57 million and the network has achieved a trading volume of $573,996 over the last 24 hours.
What is Blocksquare Token (BST) Airdrop?
Blocksquare recently announced an airdrop event to officially launch its BST tokens into the market. The occasion is essentially a distribution event where BST tokens and related assets are sent to the wallet addresses of network participants for free.
Airdrops are a marketing strategy that increases awareness about the project and broadens the token’s distribution. The event typically coincides with a project launch, a promotional activity, or an on-chain fork to place the tokens directly in the hands of potential users.
How To Claim Blocksquare (BST) Tokens Via Airdrop?
Here is how to participate in the Blocksqaure airdrop event and claim your free BST tokens:
- Visit the official airdrop page of Blocksquare to get updated on project-related announcements and be aware of upcoming token distribution cycles.
- Make sure that you meet the eligibility criteria that are specified by the Blocksquare team. This includes holding a minimum amount of Haven Protocol token (XHV) or completing specific tasks like marketing the project and inviting others to participate in the airdrop.
- Connect a wallet compatible with Blocksqaure to the airdrop page to confirm your participation.
- Wait for the BST tokens to be reflected in your wallet once they are airdropped
Is The Blocksquare (BST) Airdrop Free?
Yes, the BST token distribution event is free and open to everyone. It is a rare opportunity to become an early investor in a newly launched cryptocurrency project.
Blocksquare does not charge any fee for taking part in the airdrop, however, there will be a fee charged by Ethereum (ETH) for using its network to facilitate the transaction.
When Will The Blocksquare (BST) Token Be Listed?
Blocksquare has already begun its token airdrop process and the event will continue until the end of September.
BST has already been listed on several cryptocurrency exchanges, including Gate.io, MEXC, Uniswap V2, and BitMart, allowing those who received the drops to trade their tokens.
Read more: How To Claim Movement Labs, Eligibility, Launch Date (listing date)
