Bulleon Services

Ryan Keene
4 min readJun 18, 2018

Cloud mining or cloud hashing is a concept, which allows users to buy mining power of the hardware placed in remote data centers. With growth of digital assets price will be able to make profit for investors around the world — anyone can join us and get stable source of income.

Buy hash power and start mining quickly, instead of waiting for delivery of your mining hardware which could waste valuable days of mining. With cloud mining you never have to send back faulty equipment or troubleshoot new hardware

The data center is tasked with providing you with hardware that works and will absorb the cost of hardware failure, maintenance and configuration to provide you with a guaranteed up-time and payout

Mining hardware are notoriously noisy and generate extreme heat. By using cloud mining you don’t have to put up with any of the noise and heat. Worrying about adequate ventilation, cooling systems, backup generators, and safety.

Merging services into a single active platform

Integration of all services into a single active platform. Fully integrated solution will give you an interactive view of all Bulleons services and instruments.

Bulleon will help you to meet everyday digital asset related needs. With Bulleon you get the user-friendly tools you need to handle all your digital resource needs and navigate the crypto world easily — by focusing on your business requirements.

Focus on your idea, let us do the rest. With our solutions, you can break down information silos, better exploit synergies, and pool efforts among your staff and departments through a clear, common vision of all key elements of your organization and the role of each stakeholder.

By utilizing open APIs, we create an integrated software ecosystem that stores all the data required for running the company while simultaneously providing all users with real-time access to the crucial information you need.

Having carefully analyzed cryptocurrencies and their growth in relation to fiat money, we concluded that this market lacks lending vehicles. The most popular way to get a fiat currency for a digital asset is to sell the asset on the exchange. This is economically unfeasible, since the value of cryptocurrency can significantly increase literally within a week, after which the holder will lose an impressive amount. The Bulleon project offers an alternative. Using our system, a cryptocurrency holder can get a loan in fiat money on the security of his/her digital asset. Before the end of the loan period, the security deposit will remain in the protected Bulleon system. Once the loan and the interest are paid within the agreed period, the pledged asset will be returned to the borrower in full. The Bulleon platform will provide an opportunity to instantly issue our internal virtual or plastic payment card (read more: Bulleon International Debit Card). Using Bulleon International Debit Card, you can make payments around the world where debit card payment is enabled. It is convenient and beneficial, as the user of such services does not pay additional fees. Besides, the platform users will be able to order a debit card with worldwide delivery. Borrowers will be able to instantly receive credit funds in the fiat currency or use it depending on their needs — cash out funds in ATMs, pay through terminals, shop online.

Compared with traditional financial institutions that issue loans, Bulleon has many advantages. In the traditional collateral scheme, the lender is forced to do a huge amount of work to secure the deal: maintain a credit center that verifies the borrower’s solvency, arrange the collateral assessment, transfer and store the borrowers’ assets.

It may seem that the lender’s work should not be of interest to the borrower. However, one should remember that all costs are included in the interest rate, which results in a rise in the loan price. Bulleon solves this problem. Our system guarantees repayment of funds in full together with interest for using the loan and dispenses the lender from additional actions and risks. Consequently, the borrower will receive the lowest interest rate and will not spend time on signing papers, going to the bank, waiting in a line and carrying out the property assessment.

There is no need for a credit center with this approach. This gives advantages to both parties in the deal: the lender does not need to independently assess the risks; the borrower receives a loan regardless of the credit record. In the traditional system, one needs to have a sufficiently solid startup capital and know the subtleties of the profession to become a successful lender. Bulleon allows absolutely any individual or legal entity that has fiat funds to become a lender, and it assumes risks associated with the loan repayment. A user who offers to lend funds sets the interest rate, amount of the loan and its term on his/her own, and our system seeks the borrower in the database, who is interested in such terms.

https://bulleon.io/

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