# 🙏 Welcome To BricklayerDAO BricklayerDAO is building the world's most verifiable RWA value offering ecosystem on chain. With Bricklayer, you can be exposed to the economic growth & stability of value-add real estate, high-credit tenant rental yields along with the decentralised power of crypto mining. All managed by experts in the field & verifiable on-chain, combined with regular cash flow dividend straight to your wallet. BricklayerDAO is focused on curating a decentralised community alongside the growth of this RWA x Web3 platform; with further RWA tokens & a cutting edge AI product for real estate professionals in development. ### Learn More {% content-ref url="/pages/fUTFcMoQdATX2qg5jmwt" %} [🌍 Ecosystem Overview](/introduction/ecosystem-overview) {% endcontent-ref %} ### MRTR Token Presale Currently, our utility token & first offering in the Web3 space is [live for public sale](https://presale.bricklayerdao.com). This token enables participation in governance, provides yield & captures partial economic efforts from the Quarry; our digital mining network. The initial launch for MRTR to Ethereum mainnet is targeted to be the 31st of January 2025.
{% content-ref url="/pages/uTRVS64BqIzikrEMsEDL" %} [🏗️ Mortar Utility Token (MRTR)](/offerings/mortar-utility-token-mrtr) {% endcontent-ref %} {% content-ref url="/pages/rLCqaOsRkmNAyg1bMWAg" %} [💵 How To Purchase Mortar (MRTR)](/guides/how-to-purchase-mortar-mrtr) {% endcontent-ref %} # 🌍 Ecosystem Overview Our platform is bridging traditional & new money; unlocking the free flow of capital between the groups under a unified trust in real estate. We are structuring a platform that allows a user to be involved, or as hands-off, as they choose while still growing with our platform.

How a User Interacts with the BricklayerDAO Ecosystem From a User Perspective

## BricklayerDAO Offerings {% content-ref url="/pages/uTRVS64BqIzikrEMsEDL" %} [🏗️ Mortar Utility Token (MRTR)](/offerings/mortar-utility-token-mrtr) {% endcontent-ref %} {% content-ref url="/pages/Dh5iwAxGETuPb8jixGad" %} [🧱Brick Value Token (BRCK)](/offerings/brick-value-token-brck) {% endcontent-ref %} {% content-ref url="/pages/uzUGbd2JIJOO7exQKAtV" %} [🖼️ Masonry Membership NFT (MSRY)](/offerings/masonry-membership-nft-msry) {% endcontent-ref %} {% content-ref url="/pages/HE6jsymYEV9NnGVyYFq8" %} [🚧 Cement Value Token (CMNT)](/offerings/cement-value-token-cmnt) {% endcontent-ref %} # 🏗️ Mortar Utility Token (MRTR) The Mortar token (MRTR) is the native utility token of the BricklayerDAO ecosystem. MRTR, with a fixed supply of 1 billion, sits at the foundation of our platform; serving as means of payment, access, governance & reward. It is the first of series of token offerings which will be made available to our users.

How MRTR interacts with the BricklayerDAO ecosystem from a user perspective

# Functionality ## Functionality The initial token will be launched as an ERC-20 on the Ethereum blockchain. We chose Ethereum due to this network holding the most capital of any smart-contract enabled chain while also having verifiable & proven history of security for user assets. It exists with a fixed supply of 1,000,000,000 MRTR & all the other base features included with an ERC-20 token i.e. can be transferred between accounts freely. There are plans to expand & brige to other secure networks in the near future. ### **Staking** Users will deposit MRTR tokens into the staking contract, which operates as an ERC-4626 vault. #### **Vault Mechanism** Upon deposit, users receive Staked Mortar (xMRTR), which represent their proportional share of the MRTR assets within the vault. These xMRTR tokens will track the user's entitlement to governance, yield distribution and future Quarry rewards. When users withdraw their staked tokens, they redeem their xMRTR tokens to withdraw the corresponding amount of MRTR, adjusting both the total staked supply and their balance. There is no explicit fixed supply of xMRTR; it is created when MRTR is vaulted & burnt when MRTR is withdrawn. ### **Burn Mechanism** There is a burn functionality built into the contract. This is to allow permanent removal of MRTR from the circulating supply. A user is not encouraged to call this function, however the treasury will use this to remove unallocated MRTR from specific pools or to streamline ecosystem fees within the DApp ecosystem. # Utility ## MRTR #### Ecosystem Fees MRTR acts as lifeblood of the BricklayerDAO ecosystem; being required in all instances of interaction with the platform. The initial confirmed fee at present is for releasing & redeeming BRCK and/or CMNT, as a 1% in proportional MRTR value. These transaction fees use the burn mechanism present & are removed permanently from the supply. ### xMRTR The following benefits require staked Mortar (xMRTR), received after a user to stakes their MRTR in our vault. Allocations of the following rewards are calculated via the relationship between the user's xMRTR balance i.e. their proportion of total staked assets & the duration of their stake within the given quarter, against the competing time & supply of other user's xMRTR. #### Yield MRTR rewards are released quarterly to xMRTR holders, taken from the emissions pool containing 5,625,000 MRTR. This yield is automatically delivered to corresponding wallets #### Quarry Rewards There is also a secondary reward, also awarded quarterly, coming from the [Quarry digital mining network](https://bricklayerdao-1.gitbook.io/bricklayerdao/platform/quarry-virtual-mining-network). This dividend must be claimed in the quarter awarded in, otherwise this will be returned to the capital reserves. #### **Voting** Only xMRTR holders have the ability to vote within our DAO. Voting credits are initially attributed using the same yield reward calculation. These credits are then used to calculate voting power within the DAO, using a quadratic voting system. Only xMRTR holders have the ability to generate voting credits, though these can be boosted if they hold a [Mason license (MSRY)](https://bricklayerdao-1.gitbook.io/bricklayerdao/offerings/masonry-membership-nft-msry). # Tokenomics MRTR is designed under a 20 year scope. All pools - outside of the presale pool - are subject to a proportional unlock, being equal per quarter for 80 quarters (i.e. 20 years). There are three main pools of MRTR: * **Staking Rewards** * Making up 45% of the total supply, 450,000,000 tokens will be distributed as rewards to users who stake their tokens quarterly. * **DAO Treasury** * Making up 50% of the total supply, 500,000,000 tokens are under control of the DAO, designated to [various sub-allocations](https://bricklayerdao-1.gitbook.io/bricklayerdao/offerings/mortar-utility-token-mrtr/tokenomics#treasury-allocations). * **Presale Pool** * Representing 5% of the total supply, 50,000,000 tokens are set aside for the presale, detailed further in the [pre sale section.](https://bricklayerdao-1.gitbook.io/bricklayerdao/offerings/mortar-utility-token-mrtr/presale)

MRTR Token Allocations

### Treasury Allocations The 50% of supply controlled by the treasury is subdivided into a series of pools, defined as the following: * **Public Liquidity Pool** * Comprising 25.1% of the total supply, 251,000,000 tokens will be allocated to public decentralised exchanges (DEX) and liquidity pools. * **DAO Approval Platform & Acquisition Pool** * Accounting for 13.35% of the total supply, 133,500,000 tokens will be used for for such costs as DAO acquisitions and node maintenance. * **Community Pool** * Comprising 7.55% of the total supply, 75,600,000 tokens will be allocated for airdrops, community incentives, and marketing rewards. * **Development Pool** * Making up 4% of the total supply, 40,000,000 tokens will be used for contractor payments, bug bounties, and governance activities. A key note is that unassigned tokens from each of the pools i.e. tokens not assigned to a process from the given sub-pool, will be burned quarterly on the emission date for the next quarter. This continuously aims to improve the supply dynamics of MRTR for holders in the ecosystem. ### Inflation The inflation rate will be dynamic due to token burn mechanics, creating a bounded inflation rate, aside from black swan events i.e. a user burns entire holdings.

Projected Inflation Rates of MRTR

# Presale
[presale.bricklayerDAO.com](https://presale.bricklayerdao.com/) is currently live for MRTR; until the 31st of January To raise initial capital to grow the platform, the pre-sale was allocated 5% of the total token supply. These tokens are represented 1:1 by psMRTR (Presale Mortar). A user who invests during the presale will receive the corresponding amount in psMRTR, which they hold until MRTR is airdropped to their wallet & their corresponding psMRTR would be burnt on launch & according to appropriate vesting schedules. #### Tiers To incentivise engagement & reward early supporters of the project, a tiered system is applied as follows: * **Tier I** * 0 - 10,000,000 MRTR. * Price of $0.10 USD * Live until 25th December, with remaining Tier I MRTR allocated to be burnt. * **Tier II** * 10,000,000 ≥ 20,000,000 MRTR. * Price of $0.15 USD * **Tier III** * 20,000,000 ≥ 50,000,000 MRTR * Price of $0.20 USD This structured presale aims to raise a complete total of $8,500,000 USD; given a sell out of 50,000,000 MRTR across the three tiers. All unallocated MRTR during this presale will not be returned to the supply, but instead will be burnt & permanent removed from supply. This was done to optimise the supply dynamics of MRTR, for the benefit of holders. Currently, Tier I finished with 4,141,149.56 MRTR sold & the remaining 5,858,850.44 MRTR scheduled to be burnt. #### Vesting To encourage long term holding of our governance token, vesting was applied to each of the tiers as follows: * **Tier I** * 1/5 released each month * **Tier II** * 1/4 released each month * **Tier III** * 1/3 released each month # 🧱Brick Value Token (BRCK) BRCK is the value token of the BricklayerDAO ecosystem, which operates as an ERC-4626 vault. Jointly with the Quarry, the vaulted asset portfolio ties the performance of real-world assets to the value of BRCK tokens, making it a core part of the protocol’s financial system.

How BRCK interacts with the BricklayerDAO ecosystem from a user perspective

# Functionality #### Technical Features **On-Chain** The $BRCK token is built on the ERC-20 standard using the Ethereum network, the highest TVL of any smart contract enabled chain. The ERC-20 standard is the most widely adopted token standard in the DeFi ecosystem, contributing to increased liquidity and trust among investors. Utilising Ethereum’s established security protocols, the $BRCK token offers a secure and reliable framework for transactions and interactions. **Bridging Data via Oracles** Data bridging will be facilitated through ChainLink, ensuring reliable and secure off-chain data integration. ChainLink’s decentralised oracle network guarantees the integrity and accuracy of the data used within the $BRCK ecosystem. # The Kiln #### Valuation To value our $BRCK token, we will combine real world valuations into a on-chain data pipeline, thus delivering a dynamic verifiable valuation to $BRCK. This price may be different in the secondary markets, like liquidity pools or DEXs, allowing for potential arbitrage opportunities for $BRCK holders, which we don’t intend to stifle. **Dividends** Starting from Q2, a 50% of [Quarry rewards](https://www.notion.so/1b81849b99e34dfa96f0700cdbf9bcca?pvs=21) will be made available as a quarterly dividend to $BRCK holders. Investors can choose to receive their dividends entirely in $MRTR tokens, to encourage engagement with the ecosystem, or alternatively can claim 90% of their dividends in $USDC. Only actively circulating $BRCK tokens, as in $BRCK that has left the Kiln i.e. been released, will be eligible for dividend distribution. This structure incentivises long-term holding and active participation, fostering a loyal and engaged community. There is an enforced 30 day window to claim rewards, before dividends are returned to the capital reserves. **$BRCK Value Accrual** Copy ``` graph TD style b fill:#ffe6a6,stroke:#333,stroke-width:2px style c fill:#ffdf99,stroke:#333,stroke-width:2px style d fill:#ffd88c,stroke:#333,stroke-width:2px style e fill:#ffd180,stroke:#333,stroke-width:2px style f fill:#ffca73,stroke:#333,stroke-width:2px subgraph h[Value Accrual] c[Real World Assets] b[Capital Reserves] d[Quarry Mining Network] end f[$BRCK] e[HODLr] b -- RWA Acquisition --> c c -- Rental Yield --> b c -- Rental Yield --> d d -- Virtual Asset Rewards --> b b -- Expansion --> d h ----> f f -- Value --> e d -- Dividends --> e linkStyle 0 stroke-width:2px,fill:none,stroke-dasharray: 3, 3 linkStyle 1 stroke-width:2px,fill:none,stroke-dasharray: 3, 3 linkStyle 2 stroke-width:2px,fill:none,stroke-dasharray: 3, 3 linkStyle 3 stroke-width:2px,fill:none,stroke-dasharray: 3, 3 linkStyle 4 stroke-width:2px,fill:none,stroke-dasharray: 3, 3 linkStyle 5 stroke-width:2px,fill:none,stroke-dasharray: 3, 3 linkStyle 6 stroke-width:2px,fill:none,stroke-dasharray: 3, 3 linkStyle 7 stroke-width:2px,fill:none,stroke-dasharray: 3, 3 ``` **$BRCK Value Calculation** The $BRCK token value will be calculated using the following equation; $$ \\$\text{BRCK}*{Value}=\frac{\left(\text{Real World Assets} + \text{Quarry} + \text{Capital Reserves}\right)}{\\$\text{BRCK}*{Supply}} , $$ or; $$ \\$\text{BRCK}*{\text{Value}}=\frac{\left(\text{RWA}*{\text{Value}} + \text{Q}*{\text{Value}} + \text{C}*{\text{Reserves}}\right)}{\\$\text{BRCK}\_{\text{Supply}}} , $$ where $Q\_{\text{Value}}$ is equal too: $$ \text{Q}*{\text{Value}}=\left(\text{RE}*{\text{Quarry}} + \text{\\$ETH}\_{\text{Staked}}\right) $$ **$BRCK Value** The real-time price of $BRCK. This will be primarily be publicly denominated in $USD initially. **Real World Asset Value** The total value of the underlying [Real World Asset portfolio](https://www.notion.so/94f69f01e4fd409592e18f146cfb3267?pvs=21), tokenised or not, held by the treasury. This will be largest contributor of value for $BRCK. **Quarry Rewards** A tertiary aspect of value for $BRCK is our [node network](https://www.notion.so/1b81849b99e34dfa96f0700cdbf9bcca?pvs=21). This will initially comprise of Bitcoin miners and Ethereum validators, with this being funded by 75% of the rental yield. This will be valued using; real estate owned for Quarry activities & the value of $ETH currently staked on the validators. Quarter 1 will not be eligible for a dividend. **Capital Reserves** Capital reserves will be held in monitored bank accounts or wallets. This will be the most fluctuating variable contributing to $BRCK, due to the economic interactions of the fund with contractors, influx of rental yield etc. All tokens the treasury purchases will be accounted for in this valuation. **$BRCK Circulating Supply** The circulating supply of $BRCK will include all $BRCK not currently held at the Kiln or unvested in team & founders pool i.e. non-circulating $BRCK will be held in a publicly verifiable wallet in the Kiln or designated pools (treasury controlled wallet). #### Bricklayer Marketplace **Release** Valuation at release will consider the live value before $BRCK has been minted i.e. if there is 1000 $BRCK circulating, the valuation of $x$ amount of $BRCK at release is valued using $\\$\text{BRCK}\_{\text{Supply}}=1000$. Purchasing a $BRCK will not require any time-locking of intent to purchase. We intend to allow for similar on-ramping of fiat, like with $MRTR, when purchasing $BRCK. **Redemption** The redemption function will be in place primary to allow for holders of $BRCK to close their positions, until there is adequate liquidity in the secondary markets. This is an advantage over REITs who will not honour any redemptions. Any $BRCK redeemed will not be removed from circulation, but will be purchased on behalf of Bricklayer. Unlike release, redemption of $BRCK the value will consider the current value of $\\$\text{BRCK}*{\text{Supply}}$ i.e. if $x$ $BRCK are redeemed, then the calculation of value will consider $\\$\text{BRCK}*{S}=1000+x$; $$ \text{ \\$BRCK}^{Redeem}*{\text{Value}}=\frac{\left(\text{RWA}*{\text{Value}} + \text{Q}*{\text{Value}} + \text{C}*{\text{Reserves}}\right)}{\\$\text{BRCK}\_{\text{Supply}}+x} , $$ Given this $BRCK will be moved to control of the treasury, Bricklayer will publish an allocated amount of capital per quarter it will dedicate to this purchase, where this figure will be formed using a calculation of how much capital would be optimal to dedicating to the $BRCK token. **Pausing** Given there will be known periods that would create false spikes in $BRCK value - one example being selling liquid staking tokens to bring solo validators online, thus the same capital would leave and exit creating a flash drop in value - the primary release/redeem feature would be restricted for a given time period. These details would be circulated publicly before these actions were taken, though it would not effect secondary markets. # Tokenomics Unlock Mortar (MRTR), there is no predestined timeframe for all of the supply of Brick (BRCK) to be unlocked & circulating; though there is prerequisite relationship between BRCK released from the kiln to the vesting unlock within the initial team allocations. There are four pools of BRCK; * **Public Pool** * Making up 85.5% of the total supply, 855,000 tokens will be able to purchased directly from the Kiln. * **Presale Pool** * Comprising 9% of the total supply, 90,000 tokens will be allocated to a private tiered sale, with enforced vesting periods following ICO. * **Team Pool** * Accounting for 3% of the total supply, 30,000 tokens will be used for rewarding active contractors to Bricklayer, subject to specific vesting requiring public purchases. * **Founders Pool** * The final 2.5% of the total supply, 25,000 tokens will be allocated for to initial Founder members of Bricklayer, subject to specific vesting requiring public purchases. ### BRCK Inflation There are two ways to define the inflation of $BRCK. The first being that there is no true inflation over a longer time-preference, as there only every going to be 1 million total. Along that path, short-term inflation will be a subject to interest in the token i.e. Only once it has left the Kiln (Treasury) will it be counted as actively in circulation. Given that any predetermined inflation rate cannot be justified, a lagged calculation will be gathered from each prior quarter as a KPI for $BRCK. # Presale **Presale Tiers** The pre-sale, accounting for 9% of the total token supply, will include a tiered structure for early access for whitelisted venture capital: * **Tier I**: The first 10,000 tokens will be sold * **Tier II**: The next 15,000 tokens will be sold * **Tier III**: The next 25,000 tokens will be sold * **Tier IV:** The final 40,000 tokens will be sold This structured pre-sale aims to raise a complete total of $36,500,000. The initial coin offering (ICO) price will be determined dynamically, thus investors will have to decide on their return ratio in order to maximise profits, if the decide they want to redeem. **Presale Vesting** To ensure a fair engagement between public & private $BRCK holders, $BRCK received from private sale will involve 24 months vesting period upon the ICO, with the following release percentages per month: * **Month 1 to 6** – 2% per month, thus 12% released in the first period. * **Month 6 to 18** – 4% per month, releasing 48% in this time period, cumulatively 60% after the 18th month. * **Month 18 to 22** – 6% per month, releasing 4% in the third period, cumulatively 84% after the 22nd month. * **Month 22 to 24** – 8% per month, releasing the final 16% of allocation after 24 months. **Team & Founder Vesting** For the vesting of the remaining two pools, they will have unlock at a rate of 10% of any released $BRCK from the Kiln (treasury) i.e. If 100 $BRCK were released, then 10 $BRCK would be released, split equally to 5 from the team pool and the founder pool. This requires approximately 64.7% of releasable $BRCK to be purchased for both pools to fully unlock. # 🖼️ Masonry Membership NFT (MSRY) To achieve Mason status, one must hold an MSRY NFT from any of the four rarities. This grants the holder various benefits that will be updated as the project progresses.

How MSRY interacts with the BricklayerDAO ecosystem from a user perspective

# Functionality ### MSRY Rarities Within the 1000 total, there are 13 design & 4 rarity tiers. These tiers are defined as: * **Common** * **Quantity:** 590 * **Material:** Clay * **Uncommon** * **Quantity:** 300 * **Material:** Granite * **Rare** * **Quantity:** 100 * **Material:** Marble * **Special** * **Quality**: 10 Unique * **Material:** Amethyst, Citrine, Diamond, Emerald, Morganite, Obsidian, Opal, Ruby, Sapphire, Topaz Each of these tiers will hold the same benefits, however the rarer the NFTs the larger the benefit multiplier (where appropriate). The collection can be viewed on [OpenSea](https://opensea.io/collection/masonry-license) with full contract details at this address on [EtherScan](https://etherscan.io/address/0x78e7ed4d12e0411c2759319987857fea02a6d856). BricklayerDAO governance maintains control of the contact, along with ownership of each of the currently unassigned NFTs. # Mason Membership ## Mason Membership Current perks include: * Discounted invitation to events with official Bricklayer DAO presence * Direct lines of communication to Bricklayer Ventures * Early access to upcoming services * Discounted ecosystem fees & micropayments * Boosted vote credits when voting with staked Mortar (xMRTR) # How to Become a Mason #### Community Engagement One community-building plan is designed to establish an engaged & loyal user base that will drive the project’s growth & development. Users earn points for participating in tasks like sharing posts, engaging with content and promoting the project; which can then be potentially redeemed for one of 250 Clay MSRY. As the community matures, an ambassador program will expand organic reach and deepen loyalty. This approach builds a robust foundation, guiding the project from early traction to long-term sustainable success. #### Kiln Release Before the launch of BRCK, all unassigned Mason Licenses will be moved behind the Kiln. Upon a transaction that releases at least one whole BRCK, the receiving wallet will also receive the MSRY next in line, until all have been released from BricklayerDAO control. These will be held from least to most rare, using numerical ordering such that as BRCK increase in price, there wil eventually be rarer MSRY associated with the purchase. There will be no restriction on a wallet receiving multiple Licenses, however there is no allowance for Mason bonuses to stack i.e. only the rarest MSRY will be considered when benefits are to be applied. This is to encourage holders to distribute their redundant MSRY to other members of the community. #### Early Team Our current early team members have received MSRY of varied rarity during the commissioning of MSRY. A combination of either RNG and/or reflection of work contributed to BricklayerDAO during this early phase was used to select which tier of MSRY was allocated currently & during the remaining pre-launch phases of BricklayerDAO. # 🚧 Cement Value Token (CMNT) Our tertiary token offering of Cement (CMNT) is built upon the adjacent strengths of BRCK while capturing economic energy not caught by the prior token. It is currently in the late research phase, as efforts are being focused on our primary offerings. As so, if deemed unprofitable for the holder or infeasible by the platform, this project will be abandoned. ### Cement Token (CMNT) Updates At present, we aim to release more details around this token after the launch of MRTR, sometime during the presale phase of BRCK. There is a rough timeline of revealing this token in entirety at a leading Web3 conference in the summer of 2025, for which Mason's (MSRY holders) will recieve discounts to attend alongside the team. # 👾 BricktopAI BricktopAI is a ground breaking application of artificial intelligence, leveraging a proprietary neural network developed over the past decade. Running on 4,750 private servers, it utilises Narrow Intelligence, Reactive ML and Limited Memory Models. BricktopAI is a close relative of an upcoming MedTech unicorn, a patented U.S.-based AI triage doctor. Our real estate team will use this technology to optimise real estate trading & maximise profits for members. ### How BricktopAI Will Work Access to BricktopAI will require micropayments of MRTR, though this will be discounted for Masons (MSRY holders). BricktopAI is set to achieve the globally recognised real estate qualification, RICS Assessment of Professional Competence (APC), by the third year of the Bricklayer DAO launch. However ,given our flagship MRTR, BRCK & CMNT offerings are currently being prioritised, such that we will not enter alpha until the first half of 2025. # 🗻 Quarry Virtual Mining Network
## Initialisation **Network** Our node network will be created to support both the Bitcoin & Ethereum networks. Bricklayer believes strongly in the value these decentralised networks bring to finance where Bitcoin being the new standard for storing economic energy meanwhile Ethereum is the leader in smart contract enabled blockchains, thus why we chose to build our entire ecosystem on said chain. This node network allows us to manipulate the capital at hand to further enhance the rewards for $BRCK holders, while also contributing to the decentralised ethos running of these blockchains. **Prerequisites** For Bitcoin, our end goal will involve acquiring Antminer rigs placing them into custom built containers to manage the cooling efficiency of the rigs. A stable, high-speed internet connection will also be crucial limiting factor. Due to high electricity consumption, they will be located in Bricklayer controlled facilities in areas with low electricity costs ensures profitability. While for Ethereum, personal hardware with sufficient SSD storage, high RAM (32GB+), and multi-core processors (8+ cores) will be acquired, to be placed in any Bricklayer location due to lack of high energy costs. When it comes to selecting the consensus & execution clients, this will be managed at launch of each node & will focus on enhancing the network distribution of clients were feasible. A minimum stake of 32 ETH per validator is required for Ethereum PoS participation. # Functionality #### Valuation **Quarry Value Flow** Copy ``` graph TD style a fill:#ffcc33,stroke:#333,stroke-width:2px style b fill:#ffedb3,stroke:#333,stroke-width:2px style c fill:#ffe6a6,stroke:#333,stroke-width:2px style d fill:#ffdf99,stroke:#333,stroke-width:2px style e fill:#ffd88c,stroke:#333,stroke-width:2px style f fill:#ffd180,stroke:#333,stroke-width:2px style h fill:#ffca73,stroke:#333,stroke-width:2px style i fill:#ffd88c,stroke:#333,stroke-width:2px style g fill:#ffd88c,stroke:#333,stroke-width:2px style k fill:#ffedb3,stroke:#333,stroke-width:2px a[Real World Assets] subgraph j[Quarry Capital] b[Quarry Reserves] h[Staked $ETH] i[Real Estate] end c[$BTC Miners] d[$ETH Validators] e[Reward Wallets] g[Capital Reserves] f[$BRCK Holders] k[$xMRTR Holders] a -- Rent Recieved --> g g -- 75% Net Rent --> j j -- 50% Capital Distribution --> c j -- 50% Capital Distribution --> d d -- Validation Rewards --> e c -- Mining Rewards --> e e -- 50% Dividends --> f e -- 25% Dividends --> k e -- 25% Rewards --> g linkStyle 0 stroke-width:2px,fill:none,stroke-dasharray: 3, 3 linkStyle 1 stroke-width:2px,fill:none,stroke-dasharray: 3, 3 linkStyle 2 stroke-width:2px,fill:none,stroke-dasharray: 3, 3 linkStyle 3 stroke-width:2px,fill:none,stroke-dasharray: 3, 3 linkStyle 4 stroke-width:2px,fill:none,stroke-dasharray: 3, 3 linkStyle 5 stroke-width:2px,fill:none,stroke-dasharray: 3, 3 linkStyle 6 stroke-width:2px,fill:none,stroke-dasharray: 3, 3 linkStyle 7 stroke-width:2px,fill:none,stroke-dasharray: 3, 3 linkStyle 8 stroke-width:2px,fill:none,stroke-dasharray: 3, 3 ``` **Retained Value** The Quarry has it’s own sub-reserves of capital, which will have the value brought completely on-chain akin to the main fund. While there needs to be a ‘staging area’ for capital about to be phased into the Quarry, there are two other key elements that maintain & contribute value. The first is the real estate acquired to run the miners and/or validators, while the second is the $ETH acquired to run the PoS validators. Both of which can be resold, leveraged etc. However, any technology purchased, like $BTC miners are considered akin to outgoings like contractor salaries & thus considered to have zero value after purchase. This is due to complexities on bringing on a true value due the wildly varying depreciation of machines used for such purposes. **$BRCK Value & Dual Dividends** The benefits for $BRCK holders is twofold: Additional value & quarterly assigned dividends, proportional split 50:50 across the capital contained in the reward wallet addresses. This is a novel approach within Web3 to directly support the infrastructure of both networks, while benefitted from the work doing so which then is directly reflected to holders via an increase amount of capital back the token. The dividend aspect also allows the $BRCK token to compete with standard dividend. paying stocks, allowing using to claim an additional stream of capital without the need to lock up nor sell the token. A smaller dividend is also provided to $xMRTR holders who stake their $MRTR tokens. This is to reward those who position themselves to take part within the governance of the DAO. #### Maintenance Costs can be covered via the development pool of $MRTR. This will require as much physical maintenance as it will technical, thus reports of the physical & financial status of node network will be published the following quarter, to optimise our network while enhancing transparency. # How Capital Will Flow Through The Quarry #### Phased Flow of Capital There is a multi-phase program to bring out node network online, which will be re-used as a guideline for when bringing in more capital to the ecosystem though later stimulus of capital will not be required to go through the exact same process due the system already being operational. This is to allow a return on assigned capital where it may not be possible to fully deploy capital initially.
**Phase 0** A 10% cut of funds raised via $MRTR will be used to fund the node network. An equal split of 50:50 will go into either $BTC mining or $ETH validation work. **Phase I** Reputable liquid staked tokens for $ETH i.e. $rETH and $stETH will be acquired to be held, while an equivalent proportion of hash power will be rented from a pool provider i.e. NiceHash. **Phase II** $ETH validator hardware is not arduous to bring online, in comparison to $BTC miners. Given this, hardware will be assigned where it will then be funded with 32 $ETH from cashed out positions of our staked $rETH / $stETH and solo validation will begin. Remaining staked $rETH / $stETH can be left until enough resources are available to bring a new $ETH PoS validator online. $ETH validation is at its final stage in our node system long before the $BTC mining due the additionally complexities of PoW against PoS. **Phase III** After Bricklayer has secured the $BTC miners, along with installing them onto a Bricklayer maintained site, the hash power that has been rented will no longer be purchased, while simultaneously our Bricklayer miner’s hash power will be directed towards the pooled service. **Phase IV** Given the competitiveness of PoW mining, it will require a significant hash rate to be able to set up a dedicated pool which would be sustainable. Until Bricklayer’s miners will be pointed towards publicly verifiable pools until the threshold of required hash rate has been met, to which for the prioritisation of network decentralisation, our own dedicated pool will be created. There still be may be a split of publicly and privately pooled hash rate depending on the physical attributes of our miners globally. **Phase V** Our rewards wallets will be filled from all the economic activity done throughout these processes. The proxy of value will be collected directly into $BRCK via our $Q\_{\text{Rewards}}$ parameter. **Phase VI** A key element of our value proposition is that our real world rental yields will be used, proportionally, to boost a virtual assets via our node network. Each quarter capital will be injected through this system, were value will be accrued specifically in our rewards pool $Q\_{R}$ . **Phase VII** A fully operational network will be in a position to be optimised according to needs of the treasury such as taking out capital, optimising a different split between $BTC & $ETH etc. This capital would be returned through the flow of capital in the most efficient way. This would be a likely example of where $BRCK release & redeem functionally was paused, to avoid malicious arbitrage. # 🏦 Capital Reserves #### Contents #### Reserves Overview The capital reserves in the BricklayerDAO ecosystem serve multiple critical functions. They are the primary staging area for capital needed to cover operational expenses such as real estate maintenance, legal fees, and contractor payments. At the same time, these reserves provide exposure to growth in virtual assets, primarily generated by our digital mining network, the Quarry. Effective capital distribution will enable $BRCK to benefit both directly and indirectly from the growth and stability offered by key virtual assets like $BTC and $ETH. #### Fiat Accounts Maintaining exposure to fiat currencies remains essential, especially in regions where BricklayerDAO operates or holds real estate. The complexities of local jurisdictions dictate the extent of fiat exposure required. Rental yields, for instance, will typically be received in local fiat currencies, and localised operational expenses will also be paid from locally maintained bank accounts. All fiat accounts, regardless of the region, will be monitored and brought on-chain using verifiable Oracles. This ensures that even off-chain currencies contribute transparently to the valuation and value peg of $BRCK. Any fiat received for PropTech or Real World Asset (RWA) services will also be directed to these local accounts. #### Virtual Assets The primary source of virtual assets comes from the Quarry, our digital mining network, though we encourage our partners to adopt virtual assets where appropriate. In the early stages of BricklayerDAO, our virtual asset holdings will consist of $BTC, $ETH, $BRCK, $MRTR, and various stablecoins such as $USDC and $AEDT. These assets have been selected due to their resilience in the market or their direct management by our talented team and proven processes. Unlike fiat accounts, monitoring and verifying BricklayerDAO-controlled virtual wallets for $BRCK valuation is less technically challenging, providing greater transparency and efficiency in managing our virtual assets. #### Growth & Prioritisation To maximise growth from held virtual assets, BricklayerDAO will implement a clear prioritisation strategy for outgoing expenses. Given the stable or semi-exponential growth exhibited by $BTC and $ETH over the past decade, fiat resources will be fully exhausted before drawing from virtual assets. In cases of significant virtual asset growth, we will first leverage $ETH within DeFi systems, followed by utilising $BTC for on-chain loans to release excess capital ready to be deployed. After covering expenses, released capital will be strategically reinvested into high-value assets under management (AUM). These assets will then be processed through our value-add mechanisms, feeding back into the Quarry and increasing our virtual asset holdings to fuel future cycles of growth. By adhering to this approach alongside our conviction in Real World Assets and Web3, we believe that $BRCK and $MRTR holders will be well-positioned to be rewarded handsomely over upcoming macro and microeconomic cycles. # 🏢 RWA Acquisitions #### Contents #### Real World Assets **Off-chain & On-chain** BricklayerDAO will acquire both traditional and tokenised real estate. Once acquired, traditional real estate value will be brought on-chain using systems like ChainLink oracles, but will be managed traditionally. The fund will also target tokenised real estate where feasible, given its potential future integration into the Bricklayer ecosystem. Any tokenised real estate simplifies the technical requirements leading to value calculation into $BRCK. **Value Add Tenancy** Bricklayer will target purchasing value-add real estate introduced by our members or Bricklayer Ventures FZCO. This includes commercial real estate with a focus on the industrial sector and blue-chip occupiers on long leases or all BMV (Below Market Value) assets that can instantly increase $BRCK price upon acquisition and subsequent valuation. Initial acquisitions include industrial warehouses in Dubai, UAE, tenanted by high-credit tenants (i.e. US Fortune 50) on institutional 10–20 year lease terms. This strategy underpins $BRCK value while supporting the Quarry and holder dividends from strong rental yields. Our founder’s experience in the industrial warehouse sector and direct occupier relationships provide valuable market intelligence. #### Acquisition Process **Opportunity Identification** Bricklayer begins by releasing confidential requirement circulars to external brokers and members, specifying the desired asset attributes and acquisition timelines. Once opportunities are submitted, the team conducts site selection by analyzsing market conditions, demographic data, and economic trends. This helps shortlist locations with high potential for value through leasing, operational improvements, or market repositioning. **Legal Representation** Bricklayer utilises its network and Real Estate Assistant (R.E.A.) tool for data-driven site selection, assigning a project score to potential acquisitions. After identifying suitable opportunities, the team instructs brokers to act on behalf of Bricklayer and resolve any conflicts of interest. If a conflict arises, Bricklayer will either select an internal broker or opt for Real Estate Transactions exclusivity. **Due Diligence** Once representation is confirmed, Bricklayer requests proposals (RFP) to perform initial due diligence. This involves validating ownership, property documentation, and assessing project viability. A financial analysis is then conducted to determine an appropriate offer price based on the Net Operating Income (NOI), cap rate and potential return post-improvements. **Inspection & Valuation** Bricklayer conducts a physical inspection of the property to assess its condition and position within the local market. Following this, a detailed valuation model is built using data from due diligence, identifying the uplift potential through renovations, lease adjustments, or other improvements. The uplift strategy is then presented to the real estate team for approval, outlining the expected return and project timeline. **Negotiations** Once the strategy is approved, Bricklayer submits a Letter of Intent (LOI) to negotiate key terms, such as price, contingencies, and closing dates. Upon offer acceptance, a deeper round of due diligence is conducted, including building surveys and financial assessments. After ensuring all conditions are met, the Purchase Sale Agreement (PSA) is signed, and legal instructions are provided. Bricklayer performs a final review before seeking DAO platform approval and closing the deal. **Value-Add** After the deal closes, Bricklayer implements the value-add strategy, such as renovations or tenant repositioning, to maximise the property's value. Depending on the project, the team may choose to tokenise the asset on the blockchain or reward management and introducers through alternative means. # 📩 DAO Governance
# How Governance Will Work #### Contents #### Flow of Control An overview of the governance process, from initial idea to a successful proposal with subsequent implementation. #### Idea Formulation **Community Input** Both the Bricklayer team and the broader community are essential for generating innovative ideas and collecting valuable data for proposals. This collaborative approach ensures diverse perspectives, fostering innovation and inclusivity in decision-making. **Bricklayer Team Reporting** Regular quarterly reports track progress, evaluate ongoing projects, and inform the community about the latest developments. These reports provide data & analysis that can be used to generate new ideas and refine existing proposals, ensuring continuous improvement and transparency. #### Community Discussion **Forum** Once the idea is created, it is introduced as a discussion point on the Bricklayer Forum. This platform allows community members to discuss, critique, and refine ideas, ensuring they are well-considered and robust before moving forward. Introduction in certain topics will require varying levels of staked $MRTR. **Temp Check** A preliminary temperature check gauges community interest and feasibility. If the proposal fails this initial check, it is rejected. Successful proposals move to the next stage for further refinement and consideration. #### $MRTR Utility **Staking** Community members stake their $MRTR tokens to participate in the governance process. Staking tokens not only demonstrates commitment but also provides voting power & yield towards the holder for such activities. **Delegating** Token holders can delegate their voting power to trusted representatives. These delegates compile voting power, ensuring that even those who cannot participate directly can still have their voices heard through their chosen representatives. **Credits** Voting power, either directly staked or delegated, is converted into voting credits. These credits are used to participate in governance decisions, ensuring a fair and democratic process. Voting power will be enhanced by participants who have ownership of the Bricklayer DAO. The exact multiplier is yet to be defined, but will not violate the quadratic rules enforced. **NFT** The NFT will allow holders to boost their voting power, though this will not violate the rules of quadratic voting. This is a non-financially benefit offered to those passionate about this project, due to way this NFT will initially be released to the community. #### Governance **Quadratic Voting** Quadratic voting ensures fair voting by giving more weight to minority opinions. This method balances the influence of large stakeholders and smaller ones, promoting more equitable and representative outcomes. **Quartey & Annual AMAs** Quarterly Ask Me Anything (AMA) sessions provide opportunities for the community to engage with the team, ask questions, and receive clarifications. These sessions foster transparency and build trust within the community. **Approval** Proposals that pass through the governance process successfully receive final approval. This stage signifies the community's consensus and the proposal's readiness for implementation. **Emergency Actions** In urgent situations, proposals can be fast-tracked as emergency proposals. These receive expedited consideration to address critical issues swiftly. Proposals deemed unsuitable or harmful can be rejected quickly through an emergency rejection process, safeguarding the community's interests. #### Final Review **Implementation** Once approved, proposals move to the implementation phase, where the necessary actions are taken to bring the proposal to fruition. **Archiving** Proposals that do not pass various checks or are deemed unfeasible are rejected and archived. This ensures that only the most viable and beneficial ideas are pursued, maintaining the integrity and efficiency of the governance process. # 🔮 Development Roadmap # 🔓 Security Audits # 📊 Investor Documentation # 1-Pagers {% file src="/files/d3xcWZ4eCXP1TKURzuTI" %} {% file src="/files/WrHxefgcfEKJhU4go2PT" %} # Quarterly Reports # 💵 How To Purchase Mortar (MRTR)
[presale.bricklayerDAO.com](https://presale.bricklayerdao.com/) is currently live for MRTR; until the 31st of January #### Acquiring Presale Mortar (psMRTR) Users investing during the presale will receive the corresponding amount in psMRTR, which they hold until the complete MRTR is airdropped to their wallet & their corresponding psMRTR is be burnt on launch (according to [corresponding vesting schedule](https://bricklayerdao-1.gitbook.io/bricklayerdao/offerings/mortar-utility-token-mrtr/tokenomics#vesting)). Currently, 4,141,149.56 MRTR have been sold & 5,858,850.44 MRTR scheduled to be burnt. ### Public Marketplace #### DEX The DAO will create & maintain public pools including MRTR & stable assets such as ETH, USDC and USDT; with our first pool targeted to launch on [Uniswap](https://app.uniswap.org/swap). #### CEX BricklayerDAO is in discussions with multiple reputable exchanges to list our MRTR token; however there is currently no finalisation of listing. ### The Trowel Not long after MRTR launch, the Trowel will be launch. This will be a direct purchase from the treasury to allow for on-ramping from fiat sources directly into our ecosystem using reputable systems like MoonPay or Ramp while still accepting standard stable crypto assets i.e. BTC, ETH, USDC. Any of this allocated $MRTR that is not sold via this method will become subject to quarterly burn, improving active supply dynamics.