Bulleon is a universal digital asset platform, which is aimed at building a strong, concept-driven currency that offers a chance to gain profits considerably snappier with less effort. Bulleon will provide customers with user-friendly tools to satisfy all their needs for digital assets and help them comfortably navigate the crypto world. A customer only needs to focus on his own business, not on technical difficulties
Bulleon proposes decentralization of tokens. Tokens are available to anyone willing to participate in early funding. The project invites all investors to participate in initial stages of ICOs. It is an opportunity to make higher ROI regardless of the amount of funds invested in the project.
Bulleon is considered as the digital asset that goes beyond the functions of cryptocurrencies. It gives users access to digital asset exchange, biometric hardware wallet coupled with login authentication, international debit card transactions, e-commerce service platform specialized for merchants, secure peer-to-peer lending platform and cloud mining.
But there are dozens of similar projects and existing platforms. The project is only an idea and it is not original.
The ICO will take place in 10 stages throughout 2018. The funds collected at each stage will be invested in product development and marketing. It is not clear from the project roadmap when alpha version of the product will be presented and when the final product will be ready.
The Bulleon is a hybrid token; it is both a-share-like token and a cryptocurrency token. Tokens give the right to receive dividends, profit-shares and vote. However, the White Paper openly declares that the project team is looking for legal and tax advisors. Accordingly, such concept of token may be Inconsistent with most jurisdictions.
The business plan looks rather unconvincing.
It is said in the White Paper that the project is only going to develop its marketing strategy. It is planned to conduct competitors and target audience analysis, start marketing activities, such as SMM-marketing, paid marketing channels, working with media. 3.6% of tokens will be spent on bounty program and airdrop. But going up to ICO without well-thought-out marketing is extremely risky.
There is an information in the road map that it is planned to set up the project team in the 1st quarter of 2018. Now there are 4 people in the team: 2 IT-specialists, 1 designer and 1 marketer. In fact, the team has not yet been formed.
In the White Paper there is a section about the current state of cryptocurrency market. The founders of the project give out obvious things for marketing research, and the only conclusion that follows from this "analysis" is that cryptocurrency market has grown very much in 2017 and will continue to grow at a rapid pace. But the market already has a huge number of ready-made products and projects under development that offer similar services. The founders of the project are only going to conduct market research on the money raised. But in fact, it was necessary to first explore the market, and then conduct ICO.
There are no details about the target audience of the project. Obviously, these are cryptocurrency users, traders and other market participants.
As stated in the White Paper, Bulleon is distinguished in the marketplace as a fully integrated system on which a cryptocurrency is offered as universal asset that can be managed, stored and exported. Bulleon can support such transactions as redemption for fiat money through an international debit card and hassle-free peer-to-peer lending in currency. Bulleon transactions are protected through state-of-the-art biometrics.
But if the founders of the project bothered to explore the market first and then develop the project, they would make sure that the project is very similar to existing platforms.
The purpose of the product 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. Bulleon as a currency is a shareholder’s certificate with voting rights and the right to receive dividends from Bulleon’s operating income. Our strategy to make Bulleon mighty and respectable is simple and unique on the crypto-market. Our goal is to create a practical digital asset service concept, make it safe, user-friendly, clear and simply attractive. With the power of the community we will build a strong, concept-driven currency that gives owners’ rights for dividends and voting inside the corporation.
Bulleon will provide consumers with user-friendly tools they require to handle all of the digital resource needs and navigate the crypto world easily - by focusing on business operations.
It is a Universal digital asset platform, which includes, among other things, the following services: