Bulleon Funds allocation

Ahmed galal
2 min readOct 7, 2018

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The fund raised during ICO activity will be fully and completely used for the development of the Bulleon platform. Depending on the volume of funds raised, a specific scheme for the allocation of the fund will be chosen.

At the beginning, three important tasks need to be resolved. The first is to expand the team, as well as recruit skilled experts and employees and preparing a transparent structure and commercial activity plan for the company. The second is to be listed on major stock exchanges and start researching legal details and locating solutions. The third is effective marketing strategy development and execution.

Once these things have been handled, Bulleon will get a boost to start building a solid and firm foundation.

One of the main goals of the Bulleon project is to build a strong and durable cryptocurrency.
Up to 10% of the raised funds will be used to support this goal. To support a strong exchange rate, Bulleon will constantly purchase BLN currency from active BLN markets. The BLN currency will be bought back only in the case when the market rate is lower than the ICO selling price.
30% of total raised funds will be used to cover expenses for promoting the project and expanding the user base, promotion on new markets, international partnerships, visiting conferences and issue-related exhibitions.
40% will be used for development of the core, adoption of Blockchain technologies and smart contracts, creation of new products and services, implementation of the voting mechanism.
20% will be used for payment for services, legal expenses, accountancy, operating and other expenses.

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Ahmed galal

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