Announcement: Hard Cap Adjusted — 1,52mln BLN tokens burnt
This is a very delicate subject we have been discussing a lot with our partners and potential investors for quite a while. Indeed, we have come to the realization that a very rational project should have a reasonable business plan and a realistic calculation for the implementation of the project. We took this into account, and we have decided to take actions accordingly.
Due to the rapid change of the Blockchain-market and the deeper industry as well as business strategy analysis, we have decided to burn the last two ICO phases; the implication of this being a sharp decline in the hard cap. The last two phases completed contained 760,000BLN each. As a result of this event, we will also abandon the “ICO-as-a-Service” phase from which we have received a lot of feedback. The Bulleon Concept would now be primarily focused on the consumer market.
From this moment, Bulleon ICO sales program will be categorized into 10 phases, of which 1–9 will include 760,000BLN, and the last phase will contain 750,000BLN.
Hard cap adjustment also affected the total supply of BLN which was largely due to the token burning event. The total supply of Bulleon now stands at 7,970,000 BLN.
Event in numbers (summary):
Burnt tokens — 1,521,000BLN
Total supply before event: 9,500,000BLN
New total supply — 7,970,000 BLN
Hard cap before event: 1,060,009 ETH
New hard cap — 148,009 ETH
Hard cap lowered by: 86%
Total BLN supply lowered by: 16.1%
Learn more about Bulleon:
https://bulleon.io
