Executive Summary
Build21: Our Mission And Ecosystem
Build21 is a real estate company with a mission to develop 21 landmark projects that redefine real estate standards in Romania. We create superior living spaces that enhance the quality of life for residents while delivering excellent returns for our investors.
To bring this vision to life, we engage three communities that are key in the lifecycle of real estate development:
Investors
Experts in Architecture, Engineering, and Construction
Residents
We leverage the blockchain technology to facilitate the involvement of these communities.
Make no mistake: we are not a crypto company and we don`t issue cryptocurrencies.
We are a real estate developer and we use NFTs to identify community members, empowering them to participate in voting, suggestions, and other initiatives.
Discover more about our company and business model here.
The Market Opportunity
Real estate is a solid investment vertical – it has always been and will continue to be.
There is an growing demand for modern, quality housing across Romania. While homeownership is deeply rooted in Romanian culture, many homes are outdated and provide subpar living conditions. As incomes increase and lifestyles evolve alongside the rise of regional hubs and mid-sized cities, Romanians now seek and can afford better real estate options.
Currently, the price per square meter in Romanian real estate is among the lowest in the EU, presenting a compelling investment opportunity. Additionally, real estate is a relatively safe investment, generating tangible assets with minimal risk of depreciation.
Explore detailed market data here.
Our Innovative Investment Product
To build better homes, we need to transform the way we finance real estate.
We have created the best investment option in Romanian real estate for retail investors. Our unique legal and technological framework, compliant with Romanian and EU regulations, along with the use of blockchain technology, democratizes access to real estate investments.
Investing with Build21 requires no millions or hundreds of thousands of euros or lei; we make real estate investments accessible for small and medium retail investors. We do not tokenize properties, we tokenize the right to participate in the profits of our companies that develop the 21 projects.
Each of the 21 projects will be managed by a dedicated SPV. When you invest in a project, you partner directly with that specific SPV, ensuring your returns are solely tied to the project’s performance—prioritizing your profit even before Build shareholders. We anticipate a minimum return on investment of 40% per project within 2-3 years after the minting process is completed for each project.
Learn more about our NFTs ecosystem here.
Build21 Helmets Collection
With our current mint of the Build21 Helmets NFT collection, we invite you to join us in reshaping the Romanian real estate landscape through the 21 real estate project we will build.
By becoming a member of the Build21 investor community, you gain exclusive access to our robust ecosystem of NFTs, benefits, and perks. This includes priority to invest in all our 21 real estate projects, voting rights on decisions regarding the projects and to our ecosystem of NFTs and communities, access to exclusive events, and more.
Discover all collection details here.
Invitation
We invite you to explore the following pages for deeper insights into our company, our talented team, the market opportunities we aim to capitalize on, and our proposal for you as a prospective Build21 Helmets owner.
We have thoughtfully designed this complex investment product to make real estate investment accessible, equitable, transparent, and profitable for you.
Our team will provide you with the information and support you need as you embark on this exciting journey with us. Please join our community on Telegram, follow us on our social media platforms below, or contact us directly at investors@build21.ro.
Let’s build together
Introduction
Home Is Where The Heart Is
Home.
For most of us, the mere word HOME brings warm memories, familiar sensations, and feelings of love and belonging.
At Build21, we believe that HOME should be the place where you live a healthy life physically, mentally and emotionally. Where you can thrive as a person, as a family, and as a community.
As builders, we know that the spaces we live in are a big part of this.
That features such as abundant natural light, fresh air, solid structures, community spaces, smart homes systems and others can make a big difference in the day-to-day lives of the people who live or spend time in these spaces.
We have made it our mission to create high-quality spaces designed to make people's lives better.
We go beyond legal requirements and apply some of the best practices in real estate development globally. We construct buildings with a lifespan of at least 100 years and we are thinking about our legacy for the next generations: not a burden, but functional, relevant and durable buildings.
So we are building 21 real estate projects designed to serve the well-being of the people who live, work, or spend time in those spaces. We focus on residential buildings, but we are looking also at other types of spaces that can have an impact on the quality of life.
We will involve in this mission all 3 communities that are part of the lifecycle of real estate development:
The investors
The experts
The residents
A community of experts consisting of some of the best architects, engineers, and constructors in Romania has already joined our mission.
Together with them and with you, we can deliver best-in-class real estate.
The Market: Problems
Purchasing a home in Romania today
Acquiring a home is a significant milestone in anyone's life. If you've ever looked to buy a house, you've likely gone through a rollercoaster of emotions ranging from excitement and curiosity to doubt and decision fatigue. If you`re living in Romania, things become even more complicated:
Few Modern and Sustainable Buildings
Only 13% of the homes in Romania were built after 1990, according to the Long-Term National Renovation Strategy published in 2020. These homes offer poorer living conditions than modern buildings, for example, they lose 2-3 times more energy.
7 out of 10 Romanians believe it is important for the energy efficiency of homes to improve, particularly for reducing energy costs and pollution and for family health¹. Additionally, more than half of Romanians are concerned about the structural safety of their homes in the event of a major earthquake².
According to an MKOR study conducted for Build21³, the main criteria for retail investors in their search for real estate projects to invest or to live in are:
Ensuring the legal documentation is the primary criterion for 7 out of 10 investors;
Basic services such as running water, gas, and electricity: 6 out of 10 investors;
Quality of execution, safety and resilience to natural disasters: 1 in 2 investors;
High-quality construction materials and green spaces: 4 out of 10 investors.
1- Research Report: Perceptions on Energy Efficiency and the Efficient Romania Project, Reveal Marketing Research for the Efficient Romania Project/ Energy Policy Group (EPG), September 2023
2- Reveal Marketing Research Study, July 2023
3- MKOR study conducted for Build21 following market research conducted in February-March 2024: 255 respondents, representing retail investors, aged between 20 and 55, with individual incomes of at least RON 4,000 per month and residing in medium and large urban areas.
Lack of Trust In Developers
According to the MKOR study conducted for Build21, the level of trust among retail investors in Romania regarding the real estate market is relatively low, comparable to the trust in local and central public administration. The real estate market is seen by retail investors as poorly monitored and somewhat lacking in fairness and transparency. Among the main reasons they avoid or postpone investment in real estate in the next year, retail investors cited a lack of trust in developers or projects, fear of fraud, and lack of transparency.
Profit-driven Development
Due to high costs, real estate investments are exclusive, reserved for a small group of companies and individuals with the necessary capital and network.
According to the same MKOR study, 6 out of 10 retail investors believe that developers are only concerned with their own profit and do not adhere to quality standards. Additionally, for 4 out of 10 respondents, finding a property or real estate project that ensures a good quality of life is considered difficult or very difficult. Furthermore, 4 out of 10 respondents rate the quality of construction and materials, local road infrastructure, and the quality of social and leisure spaces negatively.
At Build21, we know that we can create value for both those who use the spaces we build and for investors: to construct excellent spaces while ensuring good returns at the same time.
The Market: Data
4- World Economic Situation and Prospects 2024, United Nations, 2024
5- Economic forecast for Romania, European Commission, May 2024
6- Homeownership rate in selected European countries in 2022, by country, Statista
The vast majority of these homes were built during the communist era and offer low living standards. According to Eurostat, Romania ranks second in the EU for the number of people living in overcrowded housing.
Image description: The number of rooms per inhabitant (2021 or most recent) shows that the regions of the capitals in Central and Eastern Europe lag behind those in the West.
The Living Sector in CEE-6. Let's discover the potential of the market segment, Colliers, 2023
The development of the economy, rising incomes, and changing lifestyles are creating high demand for modern buildings across all sectors: residential, office, industrial, commercial, and public.
Depreciation Of The Existing Building Stock
According to Romanian law, the projected lifespan of residential buildings is 50 years.
Thus, the majority of the urban building stock in Romania, constructed until 1989, is rapidly exceeding its maximum lifespan. This will make financing the acquisition of such housing increasingly difficult and will create significant new demand for newer homes.
Data Source: National Institute of Statistics, Statistical Yearbook of Romania 1981-1990
Data Source: National Institute of Statistics, Statistical Yearbook of Romania 2007-2011
Growing Local Markets
Beyond Bucharest and regional hubs such as Cluj, Timișoara, and Iași, which have traditionally attracted investments, an increasing number of small and medium-sized cities such as Brașov, Sibiu, Craiova, and Oradea are developing in recent years. Real estate projects across all segments are increasing in number, size, and investment.
For example, in the second quarter of 2024, demand for new homes increased by 53% in Cluj-Napoca. At the same time, apartment prices in Brașov rose by 17% over the last 12 months, while Oradea is recording prices similar to the much larger city of Timișoara.
Prices Will Continue to Rise
Housing prices in the EU have shown a consistent upward trend over the past 10 years: between 2015 and 2021, they increased by 38%⁷.
Today, Romania has the second-lowest price per square meter for housing in the European Union, after Greece. From this point, prices can only continue to rise.
Additionally, homes in Romania are among the most affordable in Europe—while Slovaks can purchase a 70 square meter home in 13 years, Romanians can achieve this in less than 6 years⁸.
Interest in Real Estate Investments
The volume of investments in real estate grew by 150% in the first half of 2024 in Romania, compared to last year—marking the largest increase in investments in the region this year⁹.
According to the same MKOR study conducted for Build21 in early 2024, retail investors in Romania are primarily interested in the real estate market, regardless of their investment capacity. Those without experience in this investment vertical have amounts starting from €1,500 and up available for investment, while experienced investors have the primary goal of acquiring a property within the next 12 months.
The same study reveals that the main disadvantages of real estate investments for the same investors are:
For ownership investments: these require a substantial amount of capital upfront and involve considerable effort for buying and selling.
For non-ownership investments: there is a lack of trust in the developer and a need for due diligence regarding them, coupled with unclear legislative measures.
7- The Living Sector in CEE-6. Let's discover the potential of the market segment, Colliers, 2023
8- Deloitte Property Index, Overview of European Residential Markets, 13th edition, August 2024
9- The CEE Investment Scene H1 2024, Colliers, July 2024
The Solution
About Us
Build21 is a company that develops real estate in Romania and uses blockchain principles and infrastructure to finance itself and engage with its communities.
Our mission is to build for people and in their interest, for the well-being of individuals and the communities to which they belong. We build for impact today so that tomorrow it will be visibly better. We leave behind a legacy of 21 unique projects, a healthy heritage, and establish a new standard for leveraging the power of communities for housing construction.
We believe that only by changing the way real estate projects are financed can we change the mindset regarding how real estate is built, sold, and bought in Romania.
This is why we are democratizing access for retail investors to real estate investments. To achieve this, we are tokenizing not the properties we develop, but the right to participate in the profits of our companies that build the projects.
The values that guide our day-to-day activities are: integrity, which allows us to build trust across our ecosystem; growth and development in all areas; and responsibility for what we do and say.
Our team has a balanced mix of experience in construction, business management, technology, marketing, and investor relations, coupled with a shared belief in DeFi, blockchain technology, and the power of communities. We have the expertise, experience, network, and determination to bring a new approach to the real estate market in Romania.
In addition, we already have the support of a community of architecture and construction experts composed of some of the best professionals in our country.
See the team and expert community here.
We aim to catalyze the power of communities to:
➔ provide retail investors in Romania with the best investment option in real estate
➔ leverage the know-how of the best specialists in architecture, construction, and real estate
➔ enhance the quality of life for residents in the spaces we build
Why 21?
21 is the number of projects we aim to complete within a maximum of 16 years, and where we will remain present to facilitate the growth of cohesive communities.
The 21 projects can be initiated and completed during the active professional lifetime of the founders, ensuring that Build21 does not become a burden for the next generation.
Build21 will conclude its activities with the completion of the 21st project. This is one of the factors that set us apart from other companies: we are not starting a business that seeks only profit; we aim to create a mindset change. That is why we do not wish to be the only ones to bring about this change and encourage anyone who wants to improve things in real estate through similar projects.
What and how we build
We will construct 21 real estate projects that will have a positive impact on the physical and mental health of those who live in them, as well as on the existing heritage and future generations.
In the upcoming period, we are focusing on built-to-sell residential and mixed-use projects in urban areas of Romania. We are also looking at existing constructions that we can transform into high-quality spaces. We have the know-how and capability to tackle a variety of projects, and depending on market opportunities, we may also approach different market segments or geographic areas.
The main pillars on which we build are: abundant natural light, integration of natural elements (water, plants, etc.), smart home systems, monitoring the health of the built structures, ergonomic and social spaces, air quality and fresh air input, excellent acoustic performance, long-term sustainability, and ensuring a lifespan for the projects of at least 100 years.
The Build21 Ecosystem
We are creating an ecosystem of engaged communities around Build21:
Residents of the spaces we build: those who live, work, or simply spend time in them
Investors in our company and projects
Construction and architecture specialists who have already joined us to conceive and develop better spaces for a better life
We want each member of the ecosystem to have a stake and a voice in the future of Build21 and our projects. We have chosen to use blockchain infrastructure because it allows us to offer exclusive access, transparency, the right to vote, priority and many other benefits and perks within our ecosystem.
Business Plan
21 project developed over max. 16 years
Build21 will establish and be associated in 21 SPVs, one SPV per Build21 real estate project. Through these SPVs, we will develop 21 real estate projects over a maximum of 16 years.
Each project will have three major phases, spread over a maximum of four years:
Stage 1 (Year 1): authorization phase and start of pre-sales
Stage 2 (Years 2-3): construction phase and continuation of pre-sales
Stage 3 (Year 4): final sales stage
Each project will have a dedicated NFTs collection which will be launched after the authorization phase, in Year 2, through a public offering.
An estimated minimum return on investment of 40% per project will be granted to the holders of Project NFTs with priority, before Build21 Company, following the sale of the built project.
Starting in Year 3, the company will begin parallel development of multiple projects. From Year 6 to Year 12, there will be six projects in parallel each year, at different stages: two in the authorization phase and four in the construction phase.
Additionally, the project size will increase, starting from projects around 5,000 sqm and reaching up to projects over 10,000 sqm. In this way, at the end of the 21 projects, the average area will be around 10,000 sqm, and the total built area will exceed 200,000 sqm.
Revenue, costs, and necessary inputs for an average project
Revenue distribution per project, per year
The estimation is rather conservative and refers to property sales from projects - pre-sales and final sales, in Years 2-4 of each project.
Cost distribution per project, per year
Inputs for the development of a project
Regarding the necessary inputs for developing a project, we estimate the following distribution:
With the growing strength of the Build21 brand in the market, we expect the value of pre-sales to increase well over 30% of a project's value. This will enable us to reduce the need to access bank loans to develop our projects, and it will implicitely reduce our costs.
Offer for investors
21 real estate projects, each with a minimum estimated return on investment of 40% 2-3 years after the completion of the offer for each project
an investment opportunity of over 100 million euros in total
total estimated return after 21 projects: 50 million euros
Thus, from one year to the next, the investment opportunity and consequently the returns for our community of investors will increase.
NFT and SFT Ecosystem
Financing Mix
To develop Build21 and the 21 real estate projects according to our vision, we need robust and intelligent financing. Here is our financing mix:
NFT and SFT ecosystem
Own capital
Strategic investors
Bank financing: we use banks as profit multipliers and tools that we will share with users for financing real estate projects
The NFT and SFT ecosystem reflects our values and is the cornerstone of our financing focus.
Build21 NFT and SFT Ecosystem
With Build21, we aim to build not just one, but 21 real estate projects, all financed through blockchain technology. Thus, we will be in the blockchain space for the long haul.
That’s why we created Helmets Society, a universe where the digital and real worlds intertwine and lay the foundation for the change that Build21 is enacting.
Helmets Society is the space where people, through the strength of the communities they belong to, build and breathe life into the 21 real estate projects that we founded Build21 for.
Helmets Society is a complex ecosystem consisting of:
Collections of NFTs and SFTs that will provide various benefits and ways of involvement for the communities engaged;
21 project companies (SPVs) - one company for each real estate project that we will develop.
The company will issue the following collections:
Build21 Helmets NFT Collection;
Bricks SFT Collections;
Elements NFT Collections;
21 Project NFT Collections – each collection will be issued by the SPV that will develop each of the 21 Build21 real estate projects.
Build21 Helmets NFT Collection
The Build21 Helmets NFT will serve as a membership token and represent the primary element for accessing the Build21 ecosystem.
Each NFT is unique and offers exceptional benefits and utilities. The collection is structured into three ranks:
Rank 1: 441 NFTs
Rank 2: 2,298 NFTs
Rank 3: 9,261 NFTs
Benefits:
Exclusive and permanent access to the entire Build21 ecosystem. This benefit is not transferable independently of the Build21 Helmets NFT.
Exclusive allocation, via an airdrop process, of SFTs from the Bricks collection, for each real estate project developed. These SFTs will be transferable independently of the Build21 Helmets NFT.
The number of Bricks allocated to each Build21 Helmets holder is influenced by the rarity (rank) of the owned Build21 Helmets NFT.
Priority in purchasing NFTs and SFTs from any future collections, with all associated benefits, for the real estate projects that will be developed.
Voting rights for a variety of decisions related to the real estate projects and the Helmets Society ecosystem of NFTs and communities. This benefit is not transferable independently of the Build21 Helmets NFT.
The chance to receive, through a random airdrop mechanism, Elements NFTs. These NFTs are transferable during their validity period independently of the Build21 Helmets NFT.
Access to ecosystem events such as AMA, project launch events, etc. This right is not transferable independently of the Build21 Helmets NFT.
The Build21 Helmets NFT will not confer a right or any form of participation in the financial outcomes generated by the real estate projects developed by the company.
More about the Build21 Helmets collection in the dedicated chapter.
Bricks SFT Collection
All holders of Build21 Helmets NFTs will receive Bricks SFTs via airdrop as a separate benefit. Bricks will grant the right to participate in the offers for the 21 Project NFT collections. Thus, each Bricks collection will confer the right to participate in one Project NFT collection for each real estate project that Build21 will develop.
Each allocated Brick will allow participation in offers with a specific amount: each Brick will enable an investment of a fixed amount in the SPV that will develop the respective real estate project. This amount will be announced by the company for each Bricks collection individually, following the allocation of that collection.
Eligibility: only Build21 Helmets NFT holders are eligible
Price of Bricks: will be allocated free of charge
Validity: limited period
Transferability: Bricks SFTs will be transferable independently of the Build21 Helmets NFT to which they are associated, during the validity period
Associated benefit of Bricks SFTs: the right to participate in the offers for the 21 Project NFT collections. Participation in the Project NFT collections will be through the purchase of NFTs from the respective Project collection(s), thus requiring an additional contribution.
Elements NFT Collection
The Elements NFTs will offer discounts on the purchase of properties within the real estate projects developed by Build21's SPVs.
Elements NFTs are a separate benefit, which will be granted to some holders of Build21 Helmets NFTs.
Eligibility: only Build21 Helmets NFT holders are eligible
Price of Elements: will be allocated free of charge
Validity: limited period
Transferability: transferable independently of the Build21 Helmets NFT to which it is associated, during the validity period
Benefit: the right to receive certain discounts on the purchase of a space constructed by SPVs within the Build21 ecosystem.
Project NFT Collections: 21 NFT collections, one for each real estate project
Build21 will create 21 SPVs, one for each real estate project it develops. Each SPV will launch a collection of NFTs (Project NFT) to co-finance that particular project.
Build21 will form joint ventures in accordance with the provisions of Romanian legislation, and the participants in these ventures will be:
The Build21 SPV dedicated to developing that particular project.
The holders of Project NFTs.
The joint venture is a legal structure that allows the partners (the Build21 SPV and Project NFT holders) to participate in the profits of the particular real estate project.
However, Project NFT holders will not be co-owners of the developed real estate project and will not be shareholders within the Build21 SPV.
Bricks holders will have priority in purchasing Project NFTs.
There is no offer for the Project NFT collections at this time; they are to be launched later.
Examples of benefits:
Priority on the profit generated by the real estate project. We estimate a total return on investment of 40% per project over a period of 2-3 years from the completion of minting.
Access to benefits offered by partners in each project: products and services related to the construction and furnishing of homes.
Voting on a variety of decisions related to the real estate project in question - decisions on both major themes and specific details associated with the project.
Access to events in the ecosystem such as meetings with the Build21 management team, real estate project inaugurations, and more.
NFT Collections for Other Communities
Apart from the collections previously described, the company intends to create dedicated collections with specific benefits for two other communities:
A collection for the community of experts in architecture, engineering, construction, real estate, urban planning, sociology, and others, who support Build21.
A collection for the community of residents within Build21 real estate projects, a community that will grow as the number of projects increases.
Why NFTs
We have chosen to use blockchain infrastructure for its decentralization and transparency, and also to encourage open participation by small and medium retail investors through decentralized governance and by forming a community. Additionally, the use of blockchain technology ensures fast and efficient transactions.
We have chosen to use NFTs as tools in the Build21 ecosystem primarily because of their versatility.
While so far, most NFTs have appeared to be digital art or digital representations of real-world art pieces, they can have a wide range of applications:
Access to clubs, events, or unique products;
Priority access to information or goods in both the real and virtual worlds;
Tokenization of a series of real-world assets, whether tangible, like bottles of wine, or intangible, such as contracts, patents, certificates, licenses, and others.
Using NFTs in the real estate sector brings significant innovation, transforming the way people invest in real estate.
In the Build21 ecosystem, NFTs are not just collectibles.
The Build21 Helmets collection, as well as the collections dedicated to the communities of experts and residents, are utility-type collections and function as access tickets, proof of membership, and tools for active participation in our communities.
The NFT collections for the projects we will build function as practical investment tools through association with the SPVs created by Build21.
Investor relations & Governance
In our relationship with Build21 investors, we are guided by the following principles:
Transparency
We want our investors to know and understand what's going on in our business and projects.
We communicate openly and respond to questions and requests.
Responsibility
We are responsible for the investments made in our company and our projects.
We are looking for the most efficient and sustainable ways to use the resources we have.
Involvement
Helmet owners can propose new ideas that benefit the Helmets Society, the Build21 community, and in the future, the real estate projects. Also, we want them to get involved by participating in community events and conversations on Build21 channels, to recommend Build21 to other communities, and keep-up-to-date with our company and projects.
Governance
We want to implement the best governance principles and tools for our ecosystem.
Helmets owners can participate in 2 ways:
Vote for the proposals received from other Helmets owners. If the vote is positive, the proposal is then analyzed by the Build21 team for feasibility. Selected proposals go through to on-chain vote.
Vote on-chain within a referendum for various decisions regarding the real estate projects and the Helmets Society ecosystem of NFTs and communities, such as: location for the next project, Build21 platform features, or community events.
1 Helmet NFT = 1 vote in the referendum
The vote will be registered on chain and will serve as a mandate for Build21 to deliver upon.
BHero & MultiversX - Our Partners for Launching the Build21 Helmets Collection
MultiversX
We chose MultiversX for minting the Build21 Helmets for several reasons.
Firstly, MultiversX is an exceptional public blockchain based on a Secure Proof of Stake (SPoS) consensus mechanism, providing security and reliability, alongside an architecture based on sharding (Adaptive State Sharding) which makes it scalable and efficient. These distinctive features make MultiversX one of the best choices for application development infrastructure, as it meets the three key attributes of the blockchain trilemma: security, scalability, and decentralization.
Secondly, MultiversX hosts the largest community of Romanian web3 users among the blockchains active in the region. For a developer building real estate in Romania, it was crucial for us to start developing our community of investors from here.
Lastly, MultiversX is a carbon-negative blockchain, which aligns with our commitment to build and operate sustainably.
BHero
Since 2023, we have partnered with BHero, the second fully licensed and regulated launchpad on MultiversX, following xLaunchpad. BHero is one of the pillars of growth and adoption for the MultiversX ecosystem, with a strong community of web3 users.
The most important aspects for us were the professionalism, business experience, and technological know-how of the BHero team. Additionally, BHero has a successful track record of NFT collections launches and experience in working with web2 companies.
All these are complemented by their focus on security and compliance to the highest standards, a concern we share.
Tokenomics
The Build21 Helmets collection includes 12,000 non-fungible tokens (NFTs), of which:
5,000 NFTs are available for sale through the current public offering
2,000 NFTs are retained by the company as a strategic reserve
In the event of an oversubscription of the current offer, the company may organize a new public offering with up to 5,000 NFTs.
Current Offering:
5,000 Build21 Helmets NFTs
Total value: 1,090,000 euros
Two phases of the offer, each with a different nominal value of the NFT
Three classes of rarity
Three Ranks of Rarity
Two Phases:
Phase 1:
Number of Build21 Helmets NFTs: 2,000
Nominal value: 200 euros
Duration: until the 2,000 NFTs are sold out or until October 31, 2024
Phase 2:
Number of Build21 Helmets NFTs: 3,000
Nominal value: 230 euros
Duration: until the 3,000 NFTs are sold out or until December 15, 2024
Each phase ends once all the NFTs available in that phase are sold. Only after the first phase closes can the company commence the second phase.
The price will increase from one phase to the next to recognize and empower the investor community that supports the Build21 project from the start. The company will not offer NFTs at different nominal values simultaneously.
In each phase, NFTs from all three classes will be included in the offer and sold to interested parties on a "first-come, first-served" basis. If the first phase is not successful, meaning not all 2,000 NFTs are sold by October 31, 2024, the company will refund the funds received to the buyers up to that date.
In the second phase, even if not all 3,000 NFTs are sold by December 15, 2024, the company may consider the phase successfully closed and will not return the funds to the buyers. Thus, Build21 can continue its operations using the funds obtained in both stages of the offer.
Protection of Funds During the Public Offering
All funds subscribed within the offer for the purchase of Build21 Helmets NFTs will be automatically converted to USDC by the payment processor, and these stablecoins will be transferred to the company’s wallet.
The company management commits not to access the assets in the wallet until the respective phase of the Build21 Helmets NFT offer is successfully closed. The wallet will be managed through a multi-signature system, accessible only to the company’s administrators.
Other Conditions
Modification of Rights and Obligations
The rights and obligations of Build21 Helmets NFT holders can be modified through community voting when a majority is reached relative to the number of participants who have exercised their right to vote.
Restrictions on the Transferability of Build21 Helmets NFTs
Build21 Helmets can be freely transferred by the holders, for instance on marketplaces such as Flipix.io.
Subscription Methods
The equivalent value of the NFT can be paid in the following ways:
By subscribing the equivalent price of an NFT in USDC;
By subscribing the equivalent price of an NFT in the following fiat currencies: RON, EURO, and USD.
Any subscription for the purchase of Build21 Helmets NFTs will be net of any applicable transfer fees/commissions (e.g., blockchain network gas fees). To purchase Build21 Helmets NFTs, a buyer must have a sufficient amount of crypto assets to cover any transfer fees/commissions. Upon receipt, the payment processor will automatically convert the amount of fiat currency transmitted by an interested party into USDC.
Refund
If, after the first phase of the Build21 Helmets NFT offer, not all 2,000 NFTs are sold, the company will consider the offer closed without success and will refund the buyers' funds.
The refund will be made as follows:
For those who subscribed in stablecoin (USDC) – the company will refund the actual amount received from the interested party, to the wallet originally used for payment;
For those who subscribed in fiat currencies – the company will refund the actual amount received from the interested party, to the IBAN account provided by them.
Transfer of ownership
Within a maximum of 5 minutes after completing payment, investors will be able to see the NFTs they bought on the Build21.ro platform by connecting with their wallet. Additionally, they will be able to view their rank and the attributes.
The actual transfer of ownership of the purchased NFTs will take place on the mvx.bhero.com platform by pressing the "Claim" button, which will be active once all 5,000 NFTs have been sold or, at the latest, starting December 16, 2024, at 18:00. The distribution process of the NFTs to buyers` wallets will take no longer than 1 minute after pressing the "Claim" button.
The "Claim" process can be initiated only within one calendar year starting from the date when the Claim option became active on the BHero platform.
Governance
We want to implement the best governance principles and tools for our ecosystem.
Helmets owners can participate in 2 ways:
Vote for the proposals received from other Helmets owners. If the vote is positive, the proposal is then analyzed by the Build21 team for feasability. Selected proposals go through to on-chain vote.
Vote on-chain within a referendum for various decisions regarding the real estate projects and the Helmets Society ecosystem of NFTs and communities, such as: location for the next project, Build21 platform features, or community events.
1 Helmet NFT = 1 vote in the referendum
The vote will be registered on chain and will serve as a mandate for Build21 to deliver upon.
Use of Funds
The company intends to use the funds raised through the sale of the Build21 Helmets collection as follows:
Covering expenses related to structuring the legal and fiscal solutions and areas for the company's operations, and for organizing future public offerings;
Covering expenses for developing software solutions used within the Build21 ecosystem;
Growing and strengthening the Build21 communities through marketing and communication efforts;
Covering any other operational costs of the company or other SPVs in the Build21 ecosystem.
Platform
The Build21 platform primarily aims to facilitate and democratize investments in real estate projects through blockchain technology. It will have the following functions:
Portfolio tracking
The portfolio area of the application will allow users to track in real-time the assets they own from the Build21 collections, as well as ongoing airdrops.
Investing in real estate projects
The investment function is served by the application's module which provides access to investments in the 21 projects based on utility-type assets. The module also includes a complete set of steps (KYC/AML) to ensure that the investment procedure is fully legally compliant.
Trading of Project NFTs
The trading function will be available through an internal trading module of the app and/or through a satellite module provided by one or more third parties. Build21 will choose the best solution at the appropriate time to ensure all technical and legal requirements for trading these assets are met.
Creation and debate of suggestions for potential proposals
Build21 Helmets holders will be able to write suggestions in the dedicated subsection within the voting module. These suggestions will go through discussions within the community and then through the Build21 team's filter. Following the feasibility check of the suggestions, the team can formulate an official proposal, with or without amendments, if the verification concludes with a positive result.
Voting on proposals submitted for vote by the Build21 team
Key issues will be put up for vote by the Build21 team in the voting section. Voting is exclusively accessible to Build21 Helmets NFT holders and is conducted on the blockchain in a transparent and decentralized manner.
Access to educational content about blockchain
Since this type of blockchain technology use is relatively new to traditional investors, the app will also serve an educational function, becoming a portal to introduce them to the use of these technologies.
Access to news about Build21 and its projects
Build21 will provide through the app direct and immediate access to all news about the company and its projects. The application will become a key point of information, alongside complementary methods such as social media.
Team
Founders
Team
Experts
Roadmap
2023
Build21: from idea to a viable business model
Releasing the Build21 Litepaper
Forming a team of specialists and gaining advisors` support
Setting the legal framework for operations in Romania
Demo app and concept testing with experienced investors from the crypto, capital, and real estate markets
Partnership with the BHero launchpad on MultiversX
2024 - Completed
The community of architectural experts, formed
Kick-off the public communication
Announcement of Build21 Helmets tokenomics
Releasing the current whitepaper and preparing for the minting of Build21 Helmets
2024 - Upcoming
First Minting of Build21: the Build21 Helmets collection
Build21 Helmets will be a membership-type NFT and will represent the main element to access the entire Build21 ecosystem. Follow us on Telegram to be among the first to learn the minting date.
Airdrop of the Bricks Collection
All holders of Build21 Helmets will receive Bricks SFTs for free, granting them the right to participate in the first Build21 real estate project by purchasing NFTs from the dedicated collection.
2025
First Real Estate Project: Permits and Presales
We initiate the first Build21 branded real estate project: obtaining the necessary permits and opening presales for properties within the project.
Minting of the First Project from the 21: Build21 Project 1 Collection
Investors participating in the minting of this project will have an estimated total return on investment of 40% over a period of 2-3 years. By purchasing an NFT from the Build21 Project 1 collection, you will be associated with the company developing this project and have priority on the profits generated by the first project.
Construction kick-off for the first real estate project
Construction work starts for the first project. At the same time, marketing activities and sales efforts toward potential buyers continue.
Legal Disclaimers
To avoid any confusion, this document does not constitute an offer document or any other similar document, whether in final or draft form, nor does it constitute a firm offer in relation to financial instruments. Build21 reserves the right to make any necessary adjustments or modifications to this document, as well as to any elements described within this document or other related documents, to the extent that Build21 deems such modifications necessary for the implementation of Build21 projects and the issuance of NFTs or other crypto assets.
The yields, projections, or other estimates contained in this document are provided for informational purposes only. They are based on assumptions and market conditions that are subject to change at any time. These estimates are not guaranteed and do not constitute a promise, warranty, or assurance of future performance of the Build21 projects.
Investors should be aware that past performance is not a guarantee of future results and that actual results may significantly differ from the estimates provided. No warranty or representation, express or implied, is made as to the accuracy, completeness, or reliability of the estimates, and they should not be relied upon as the basis for making investment decisions.
All potential investors are encouraged to conduct their own analysis and fully understand the risks associated with the investment before making any investment decision.