Blocksquare Dev Team Workshop in Bled: The Journey to Oceanpoint 1.0

With the groundwork on both the technical and legal fronts now coming together, this event marked a major leap forward in turning Oceanpoint into a liquidity engine for the entire Blocksquare ecosystem. Here’s an inside look at what we accomplished, the challenges we tackled, and what lies ahead.

Legal Breakthrough: Securing BSPTs with Underlying Property Titles

Before diving into the technical achievements, it’s important to highlight the legal breakthrough that paved the way for Oceanpoint v1.0.

A critical missing piece was the ability to secure BSPT (Blocksquare Property Tokens) with a charge on the underlying property title. This was achieved with the incorporation of a dedicated legal entity in Luxembourg, ensuring BSPTs are not only tokenized but also legally secured against real-world assets.

This achievement was a game-changer. Once the legal framework was in place, we moved swiftly to begin developing Oceanpoint v1.0, with a phased rollout strategy to ensure scalability and community engagement.

Oceanpoint v1.0: A Phased Rollout Strategy

The development roadmap for Oceanpoint v1.0 spans three distinct phases:

Phase I – Bootstrapping POINT Supply

The first phase focused on introducing POINT tokens, the cornerstone of Oceanpoint’s liquidity engine.

• Users can now mint and burn POINT with stablecoins at a 1:1 rate.
• Dynamic rate systems were implemented, enabling adjustments based on stablecoin deposits/withdrawals and BSPT premiums/discounts.
• The Oceanpoint Router (OPR) was introduced to streamline transactions between DAI, BSPT, and POINT, making swaps seamless for users.

This phase is now production-ready, with smart contracts, on-chain event indexing, and front-end integrations fully completed.

Phase II – Adding BSPTs

Phase II, currently 80% complete, focuses on integrating BSPTs into the Oceanpoint ecosystem:

• Users will be able to deposit BSPTs to mint POINT tokens or burn POINT to withdraw BSPTs.
• This phase builds on the success of Phase I, expanding the liquidity model to include tokenized real estate assets.

Testing and auditing are pending but will follow after community feedback is incorporated into the upcoming whitepaper.

Phase III – Growing the BSPT Portfolio

The final phase aims to scale the ecosystem by growing the BSPT portfolio. By creating more opportunities for tokenized real estate to flow through Oceanpoint, Phase III will solidify Oceanpoint as a robust liquidity engine.

Technical Achievements in Bled

Our workshop in Bled was a blend of technical breakthroughs and team synergy. Here’s what we accomplished on the ground:

• Oceanpoint Router (OPR): A dedicated contract was developed to optimize transaction flows, making swaps among DAI, BSPT, and POINT more efficient.
• Smart Contract Implementation: Code for Phase I is ready for deployment, with dynamic logic ensuring seamless interactions.
• Front-End Integration: The user interface now supports POINT minting and burning, ensuring a smooth user experience.
• Indexing On-Chain Events: This was added to enhance transparency and make it easier to track transactions.

Team Collaboration: Strengthening the Foundation

Working together in person allowed the team to:

• Accelerate problem-solving through immediate feedback and brainstorming.
• Strengthen team dynamics, fostering trust and camaraderie that will continue to fuel progress.
• Align on long-term goals and finalize the roadmap for Oceanpoint v1.0.

The Road Ahead: Community and Deployment

With Phase I nearing launch, our focus now shifts to:

• Publishing the Whitepaper: A detailed explanation of the POINT token protocol and liquidity engine will soon be shared. We’re eager to gather community feedback to refine the system.
• Smart Contract Audit: Security is paramount, and we’ve partnered with a third-party firm to audit the contracts.
• Uniswap v2 Liquidity Pool: POINT:BST liquidity will be established, enabling seamless trading and onboarding more users into the ecosystem.

Celebrate with Us: T-Shirt Giveaway for BST Token Holders

To mark this milestone, we’re giving away exclusive Blocksquare T-shirts to two lucky BST token holders!

Here’s how to participate:

• Hold BST tokens in your wallet and verify on Oceanpoint marketplace.

• Follow us on Twitter, LinkedIn, and Telegram.

• Share your thoughts on our progress or what excites you most about POINT tokens on Twitter with the cashtag $POINT, $BST and tag @Blocksquare_io

• Share your post in TG and Enter the draw before January 30, 2025, 8 PM CET.

Winners will be announced soon on Telegram—don’t miss out!

Why This Matters

Oceanpoint isn’t just another feature—it’s a revolution in how tokenized real estate assets interact with blockchain ecosystems. By creating a liquidity engine that seamlessly integrates stablecoins and BSPTs, we’re bringing transparency, inclusivity, and accessibility to the real estate market like never before.

As we move closer to the official launch of Oceanpoint v1.0, we’re grateful to our community for their support and engagement. Together, we’re shaping the future of tokenized real estate.

Stay tuned for more updates, and let’s keep building!