The technology and innovations of past years have made the world change. The combination of information, technology and security has led to the development of opportunities and advantages with the blockchain technology that nowadays covers a large number of Industries, especially the Financial Industry. Blockchain, like the internet, is revolutionizing the world in the way we used to know it, and the Bulleon platform has taken a step forward with its ingenious proposal in a futuristic financial model.
Bulleon: Revolution the way of financial transactions.
Bulleon (Symbol: BLN) platform main objective is to become an universal digital asset sphere service concept, make it safe, user-friendly, clear and simply attractive, it is designed to serve the most common asset related commercial values and e-services. Their purpose is to provide end users with the everyday digital asset related services from a single place, it is a service that will significantly facilitate online affairs. This platform wants to offer a product combined with a massive amount of high skilled labor input. Bulleon could be an universal digital asset platform, which is also aimed at building a strong, concept-driven currency that offers the chance to see profits and can take benefits out more effortlessly.
Characteristics:
- Biometric hardware wallet & login authentication for the platform using a biometric fingerprint.
- Biometric data will be encrypted and digitally signed using 256-BIT AES technology.
- Independent cryptocurrency trading platform with a quick and simple User Experience (UX), with cold storage and affiliate services programs.
- International debit card for ATM withdrawals, off/online shopping and FIAT conversion using mobile or Web App.
- Cloud mining that will allow users to buy mining power of the hardware placed in remote data centers, with instant activation and no risk of hardware failure, avoiding noise and heat problems with a self-owned mining hardware.
- ICO consulting experts will analyze ICO projects in detail to get a better grasp of how to best position it in the current and future market. It will also include jurisdictions and regulations action plans and financial strategy advisory.
- Cryptocurrency loans in fiat money on the security of user digital asset (back to back). Before the end of the loan period, the security deposit will remain in the protected Bulleon system.
- One-time and quarterly dividends to Bulleon shareowners.
Advantages:
- An all-in-one financial asset and services.
- Is a shareholder’s certificate with voting rights.
- Right to receive dividends from Bulleon’s operating income for shareowners.
- FIAT loans with cryptocurrency assets.
Disadvantages:
- Although the platform may contain most of the financial services in one place as an advantage, it could also be considered as a form of financial centralization.
- Back to back loans can represent a high risk, because if a person requests a loan in FIAT with security deposits in cryptocurrencies, and then the cryptocurrency lowers its value, there may be a risk of not paying back the FIAT loan because at the time of payment, FIAT value represents a higher value than the cryptocurrency security deposit.
- Dividends only are distributed to the top 25% shareholders.
Competitors:
- Datarius: is a social-type project decentralized crypto-bank with transparent conditions and using blockchain technology.
- CoinLoan: Platform for loans secured by crypto-assets.
- BlockBank: Digital funding platform designed to serve human needs rather than profits alone.
- Forty Seven Bank: Provide safe, innovative and user-friendly financial services and products to customers with cryptocurrencies.
- Bankera: Digital bank for the blockchain era. Bankera’s services fit into three groups: payments, loans, deposits and investments.
Token Sale:
The Bulleon utility-token is based on the smart contract ERC-20 of Ethereum network. The number of emitted BLN tokens is limited, totaling 9,500,000. ICO will start at phase one in the first quarter of 2018. Phases are not time-constrained, once one phase sells out, the next one will start automatically.There will be a total of 12 phases. Each phase will contain 760,000 BLN for a fixed price. The purchase methods accepted are Ethereum (ETH), US Dollar (USD) and other cryptocurrencies. Prices will vary as phases go on, increasing the value of the token as each stage is completed.
(Bulleon Token sale phases, by Bulleon Whitepaper, bulleon.io)
Token Distribution:
- Offered for purchase = 96%
- Bounty program = 2%
- Airdrop program = 1%
- Founders = 1%
(Bulleon Token distribution, by Bulleon Whitepaper, bulleon.io)
All the detailed information and official contacts are available on the Bulleon’s website and in their whitepaper.
(Bulleon contact, bulleon.io)
