Cryptocurrencies perfectly represent the proverbial double-edged sword: on one hand they may be the gateway to a new financial kingdom where technology-driven currencies are the standard for economic transactions, but on the other they are associated with scams, investments gone bad, and financial peril.
The reality is that both sides are true. Cryptos do drive fintech forward, and are also fraught with scams and bad investments.
The latter issue can be minimized by paying attention to the market, researching thoroughly and taking advice from experts, but the man on the street may not have the time or the drive, may not understand the crypto lingo, or have the inclination to learn.
Here’s where BullToken comes in. BullToken is a new ICO that offers community driven crypto investment research, seeking the best opportunities for those wanting to buy into ongoing ICOs.
https://www.youtube.com/watch?v=hwHSfsdn1ug
BullToken: researching ICOs and cryptocurrencies for you, the investor
There are hundreds of ICOs operating out there right now, with new ones coming onto the market on a daily basis. Such sheer diversity poses the problem of choice, and how to discern the right investment for each situation.
https://www.youtube.com/watch?v=ZjaForokzxI
BullToken offers a blockchain platform through which a team of cryptocurrency professionals and a community will do the leg-work for you, researching the most suitable ICOs, provide advice, and invest in a transparent and decentralized manner.
Assets Under Management & the Karma system
https://twitter.com/BullToken/status/982890461567311872
The funds collected during the upcoming ICO will be routed straight into the Assets Under Management fund (AUM). Their website indicates that these funds will be reinvested shortly after the ICO is over.
BullToken’s proposition is underpinned by the democratization and decentralization of the research and advice provided across the community, which feeds into the Karma system. BullToken’s website asserts that sharing your “knowledge of ICOs and existing projects with their community will earn you Karma, which increases your community influence and can also be traded for ETH!”
BullToken in figures & quick facts
https://twitter.com/BullToken/status/982209818827022336
- Token name – BullToken (BULL)
- Total tokens issued – 55m
- Token worth (during pre-sale) – 1 ETH = 500 BullTokens
- Token worth (during ICO) – 1 ETH = 250 BullTokens
- Pre-sale start date – December 7th, 2017
- Pre-sale end date – December 31st, 2017
- ICO start date – April 3rd, 2018
- ICO end date – 45 days later, or upon reaching hard cap
- Soft cap (for ICO) – 500ETH
Notes:
- BullTokens will be sold at a 50% discount during the pre-sale.
- ETH will be the only form of payment accepted during the ICO.
Bonus programme
https://twitter.com/BullToken/status/981501728095846402
BullToken will run a Bonus Programme during the ICO:
- Day 1 – 30% discount
- Day 2 – 15% discount
- Day 3 – 10% discount
- Days 4-10 – 5% discount
- Days 11-45 – 0% discount
The BullToken
https://twitter.com/BullToken/status/980132117513428992
The BullToken, which is based on the ERC-20 standard, will be distributed as follows:
- Development – 56.2%
- Media, Marketing, and Referrals – 12%
- Administration and Legal – 14.9%
- Early investors and advisors – 16.9%
The team
https://youtu.be/OBRLHOSyTgA
Learn more about the BullToken’s team here.
Social media presence and digital footprint at time of press
- Twitter – 380 followers
- Facebook – 24k followers
- LinkedIn – 94 followers
- Telegram – 563 followers
- YouTube – 0 followers
BullToken currently has a good following on Facebook, but not much anywhere else.
Competition
https://twitter.com/BullToken/status/979686296120709120
There are a few investment platforms currently operating on the blockchain, however, BullToken does stand out from this crowded sector due to its emphasis on community driven investment. This factor may make all the difference in its long-term viability, which may depend on the actual expertise and interest shown by community members.
See BullToken’s review on ICOBench.
Consult BullToken’s Whitepaper for more information about the platform and additional
features and services
Conclusion
Community driven investment on cryptocurrencies and ICOs is a neat idea. The website emphasizes that finding the right ICO and the right investment opportunity lie at the heart of the proposition, stressing that when BullToken wins, so do you.
https://twitter.com/CryptoSpark1/status/979088230032269313
As with all community driven enterprises, people will always be people, with vested interests and private agendas, so it will be interesting to see how the dynamics of this one develop.
On a personal note, and in the context of scams and fake ICOs that are unfortunately so commonplace in the crypto world, naming a token ‘BULL’ may not be such a smart choice.
