11. TOKENOMICS
$BRICKS is both a utility and governance token, unlinked from the Treasury’s AUM, acting as form of exchange that provides access to a lucrative real estate community and influence strategic direction of Bricklayer activities.
$BRICKS token holders also have the option to cement in the Brickworks Staking Contract to receive Treasury dividends.
Total Supply: 990,000,000 $BRICKS across three separate funding rounds at 5-year intervals (2024, 2029 & 2034)
Total Supply Issued: 2024 Funding Round 1 - 330,000,000 $BRICKS
Founders – 4% (12,000,000 $BRICKS)
AP & Occupier Incentives – 6% (18,000,000 $BRICKS)
Private Sale – 60% (200,000,000 $BRICKS released at exclusive discount rate)
Public Sale – 30% (100,000,000 $BRICKS at $1.00)
Funding Round 1 target raise of $25,000,000 representing 10% of max $250,000,000 available.
The Private Sale will involve a 3-month cliff period, and 24 months vesting period with the following release percentages:
First 6 months: 2% is released each month
Following 12 months: 4% is released each month
Following 4 months: 6% is released each month
Final 2 months: 8% is released each month
Subsequent funding rounds in 2029 and 2034 will involve private token sales at a slight discount with identical vesting schedules.
Bricklayer CRE - Foundation Allocation – Funding Round 1
BCRE comprises the Founders and Active Participants with a 10% (Maximum of 30M $BRICKS) of the token supply. (Subject to a 5-year vesting schedule which reflects a 2% annual inflation rate)
Founders - 40%
Active Participant and Occupier Rewards - 60%
Bricklayer tokenomics reserved 18M $BRICKS specifically for the AP remuneration & Occupier Incentive fund, issued over the first 5 years.
Partner Occupiers to be incentivized with $BRICKS tokens on a lease-by-lease basis.
APs are only able to cement or sell their vested portion of their $BRICKS allocation.
Newly appointed APs will be subject to a 12-month token lock-up period.
AP Elections will occur yearly, and DAO members will democratically and collectively vote on the APs position for the following year.
APs are expected to be most active during the scheduled voting events, which are anticipated to occur over a two-week period once every three months (Four events per year, excluding emergency vote proposals).
There will be 6 levels of AP, 20% of the total remuneration will be issued annually over the first 5 years:
Tier 1 – 0.75% - MAX – 225,000 BRICKS (45,000 $BRICKS vested per annum)
Tier 2 – 1.50% - MAX – 450,000 BRICKS (90,000 $BRICKS vested per annum)
Tier 3 – 2.25% - MAX – 675,000 BRICKS (135,000 $BRICKS vested per annum)
Tier 4 – 3.00% - MAX – 900,000 BRICKS (180,000 $BRICKS vested per annum)
Tier 5 – 3.75% - MAX – 1,125,000 BRICKS (225,000 $BRICKS vested per annum)
Tier 6 – 4.50% - MAX – 1,350,000 BRICKS (270,000 $BRICKS vested per annum)
Activate APs will be entitled to an identical allocation in subsequent Funding Rounds 2 & 3.
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