Block Members has created the very first digital token that will equal tangible value in support of a newly launched industry of Auto Construction. The digital token, which is referred to as a Membership Placeholder (MP), is an ERC 20 fungible token with an early launch value of $0.10USD and limited availability of 120 Million. The Member Placement token will support the growth and development of Auto Construction, a new industry that will alter the construction industry in a positive manner through reduced costs and waste thus resulting in safer, secure, and more affordable housing. As the Auto Construction industry grows in demand, those who own Member Placeholders will benefit greatly through their ownership.

ERC-721

Monetized building units are non-fungible ERC-721 tokens and each one represents a single modular building unit and its digital twin. Digital Twins enable further uses in the AECR process which are described elsewhere but essentially assist with specifications for civil engineering and architectural design stages including design libraries and other applications.

What Are ERC721 Tokens?

ERC721 tokens, more commonly referred to as Non-Fungible tokens (NFTs) have captured a lot of developer mindshare since the interface was first published as an EIP in September of 2017. Non-Fungible tokens allow developers to tokenize ownership of any arbitrary data, drastically increasing the design space of what can be represented as a token on the Ethereum blockchain.

The biggest differentiator of Non-Fungible tokens is that each one is tied to a different identifier, making each token unique to its owner. This is much different to tokens leveraging the ERC20 token standard, which is a token standard for fungible tokens, meaning each token is interchangeable. In the ERC20 token standard, developers can create any number of tokens within one contract, but in the ERC721 token standard, each token within the contract holds a different value.

ERC721 is a standard interface for Non-Fungible tokens, meaning ERC721 tokens are simply a subset of Ethereum tokens. ERC721 is important for a number of reasons, particularly because of the new use cases it enables as well as its ability to be easily integrated into ecosystem infrastructure. Having a common interface for exchange and wallet operators to easily implement makes Non-Fungible tokens that much more valuable. Assimilation into the ecosystem makes them more liquid, increases price discovery, and allows anyone in the world to own Non-Fungible assets.

The Block Trading Platform

The first use of blockchain within AECROS is to build the Block Exchange Trading DAPP. This enables traders to build block inventory (ie; member block holdings) on exchange. Physical block production parallels this exchange inventory, moving through the supply chain, and exiting the exchange into the physical market. Profits and results now become predictable and repeatable.

THE BLOCK FUND

The ‘Block Fund’ will be created with the release of MBUs on an exchange. The Block Fund is the aggregate of all the Blocks owned by all members at any given time. This might be called the ‘Block Market Cap’ which will serve the demand from many industry sectors.

As the orders move from industry into the Block Market, blocks will rapidly be consumed. Auto-Construction manufacturers will work to replace blocks. This buy/sell movement is called ‘Inventory-Rollover’. Owners of MPs will become the beneficiaries of this inventory-rollover.

Token Details:

● Token Symbol: MP

● Token Sale Start: Aug 1st 2020

● Token Sale End: Dec 31 2020

● Tokens for sale: 120,000,000

● Starting Price: $1.00 USD

● Specifications: ERC 20

● Max circulating supply: 360,000,000

● Sale duration: Approx. 6 months

Funding Distribution & Long Term Allocation

● 8%: Bounty

● 12%: Presale

● 20%: Team & Advisor

● 25%: Reserve Fund

● 35%: Reserve Fund

The greater the ownership of members along with the growth of industrial trade, the more demand from members of parliament. Members who cash their blocks (receive deliveries for a building), can still save their MPs for future use instead. It can even be an old trading instrument. For a finished house, only 1MP is needed to buy a house, or allow the realtor to sell the house. Apart from these uses, MPs will be further used to enter the Data Processing and Energy Distribution network later in the AECROS ecosystem.

Visit to know more :

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Authorship

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