Digital currency for construction industry
BUILDCoin is the world’s first and only digital currency built specifically for the construction industry, backed by legally binding construction contracts. BUILD1x is a Mobile Dapp, built on the Ethereum blockchain, developed for the construction industry. BUILD1x connects construction industry professionals, leverages digital currency providing the ability to transfer money in real-time, and provides mobile tools to manage at the project level. BUILD1x serves home builders, commercial builders, building supply and product manufacturers, contractors, sub-contractors, construction workers, architects, engineers, and companies that support the construction industry. BUILDCoin will be the cryptocurrency for the construction industry and will be compatible on Dapps like BUILD1x.
The B1x Fund
The B1x Fund is the first crypto powered construction loan system. Builders, homeowners, or anyone financing a construction project can apply and receive funding at an unprecedented ZERO percent interest rate. The loans are distributed in BUILDCoin, they can be accessed in real time as project milestones are met.
The B1x GEN
To enable funding the B1x GEN creates legally binding three way contracts between builders/homeowners, contractors and BUILD1x, These contracts are backed by real-world assets. The B1x GEN allocates and coordinates the funds to support the project.
BUILDCoin is digital money that can be traded for labor, equipment, or materials throughout the BUILD1x platform. Using automated smart-contracts, a network of trustless obligations can be created, to facilitate open trade within the BUILD1x marketplace and beyond.