Bulleon ICO
In line with its ICO promise, Bulleon, the all-in-one digital asset platform, is glad to unveil the Phase 10 of its project outline. This stage marks a deployment of at least public beta versions of all previous phases that have been released. It represents a major milestone for not just Bulleon, but the entire cryptocurrency ecosystem as the steady incline of Bulleon’s first of its kind ‘no time limit’ ICO continues to wow investors and industry watchers.
What this milestone means is that in less than a year, Bulleon has gone beyond the execution of the first five items on its roadmap, to kick starting ten of its project phases. These phases include:
Phase 1 — Preparing a transparent structure and commercial activity plan of the company
Phase 2 — iOS/Android/Windows/Mac/Web app development start
Phase 3 — Cloud mining platform and data-center construction start
Phase 4 — Bulleon International Debit Card
Phase 5 — Independent cryptocurrency trading platform
Phase 6 — Bulleon E-Commerce Payment Gateway for Merchants
Phase 7 — Peer-2-peer lending platform
Phase 8 — Biometric hardware wallet & login authentication
Phase 9 — Integration of services into a single active platform and
Phase 10- The official announcement of dividends payments
Setting Quarterly Dividends Payout Clock
It is pertinent to state that as a natural order of the project life of Bulleon, that integration of services and tools takes place from Phase 2 onwards. At this stage, commercial activity has already begun, and 40% of the operating profit is invested in the dividend fund. However, since the integration of services and tools commenced from Phase 2, it is only normal for it to be the benchmark for deciding the commencement of quarterly payments of dividends because that is when the Bulleon engine became operational in the marketplace.
Dividend Calculation Formula
At Phase 2, Bulleon can be said to have laid the groundwork for engaging in a robust cryptocurrency business, and from here the funds raised from the ICO are calculated
FORMULA: (ICO raised funds) — (the cost of executing the project) = DIVIDEND
ALLOCATION: 80% are allocated to BLN investors/shareholders/token-holders. 20% of the funds remain available to continue the operation of the company.
Bulleon Quarterly Payments Outlay
1. One-Time Dividend Payments
At the end of Phase 10, 80% of surplus funds (ETH) will be distributed to the top 25% in total ownership percentage of a total surplus of funds.
2. Quarterly Dividends
40% of operating profit will be paid quarterly to the top 25% in total ownership percentage in relation to total operating profit of the whole company.
NB: Payments of one-time dividends or quarterly dividends will be sent to those addresses whose BLN blockchain snapshot will prove token ownership.
Interests of the Shareholders
In line with our commitment to protecting shareholders’ interests Bulleon makes it a top priority to update them with information regarding any changes on projections as to how payments would be calculated and distributed. Some conditions and timing may change, but the overall process for going forward remains in place.
Transparency and External Auditing
Because we operate on the principles of best practices, we will not leave all the calculations of the operating costs and revenues to our in-house financial team alone. Bulleon’s entire operations will be audited by an A-list auditing firm and a report from the audit will be made public before any dividends are paid.
In the meantime, there will be some visibility into the performance of current business operations for token holders via the investor dashboard as Phase 2 unbundles successfully. Our priority is to give as much visibility into our operations as practicable.
NB: Holders who sell their tokens will not get the dividends. Payments will only go to wallets holding Bulleon at the time of payout.