Builderium Seeks to Reconstruct the Construction Industry Ecosystem
The Builderium project is creating a platform where construction clients and professionals can meet directly.
Total decentralization has swept across many industries, paving the way for enhanced efficiency, transparency and trust. Financial companies, healthcare, transportation, advertising, content management and even the energy sector have jumped on the bandwagon, but the construction industry still lags behind as the market players rely on old-fashioned ways of advertising, promoting their services and sourcing contracts.
"Builderium is a platform devoted to meeting the needs of clients in search of a variety of construction and home renovation services. Budget consideration and on-time completion are factors we emphasize, and we boast a portfolio of seasoned professionals who are eager to provide quality, on-time services, without compromising on quality."
How does it work
Builderium is very much like a freelance platform, except that it is explicitly focused on construction projects, and takes into account particular aspects of the construction industry.
On the one hand, a client looking for a contractor submits details of the project and waits for the relevant professionals to make their proposals and participate in a reverse auction, providing their best rates and schedules. This way clients will be able to choose the contractor with the best bid.
On the other hand, contractors can sift through the construction projects in their area and bid for any task which suits their professional profile and expertise.
At the same time, blockchain technology will provide a secure payment network with no delayed or failed transactions. The decentralized nature of the system will help to weed out fraudulent or criminal activities.
Builderium ICO details
The Builderium team has almost completed their platform already using funds from their existing Switzerland-based company (Builderium.com, registration number: CHE-131.784.298). Switzerland is a country renowned for its rigorous regulations concerning cryptocurrency and ICOs, and is widely regarded as the world’s capital for wealth management. This also makes Builderium a very low risk ICO compared to other purely speculative crypto startups because investors can be assured that there is an actual working product. For this reason, the project received a very high 4.4* rating on leading ICO index, ICObench.
The pre-sale stage of the crowdsale started on July 23; it will be live until September 17 with 33% of mined tokens available at this stage. The team plans to raise at least 2,500 ETH during this phase. The hard cap for pre-sale is set at 12,000 ETH. The main stage will last until December 17. The minimum investment is limited to 0.1 ETH with the starting exchange rate at 6,650 tokens = 1 ETH.
The total number of tokens will equal 35,000 ETH, and 80% will be made available for sale, while 20% will be reserved for the advisors, core developers, and founders.