Bulleon Token Fork
We are happy to officially announce that we are finally ready to fork our token. As you may have been aware, our new improved token has been in the works for a few months now. The Bulleon ICO was initially scheduled to run indefinitely. However, we discovered that this decision prompted other problems that we judged to be non-practical and so we took the clever decision of re-designing the new direction of our ICO.
Presently, our new smart-contract is ready to be deployed. Our ultimate objective remains to achieve a better token economics and continue to improve the status of our every token holder. Subsequently, the interests of current token holders will only change for the better in the near future. Also, we hope to create even more valuable and desirable digital asset that will ultimately enhance the tokenomics.
What if I still own the old BLN token?
Conversely, if you own the old BLN token, you are required to take no further action. Anyone who has the old BLN token will receive 1:1 in relation to the new BUL token. In addition, if you have our erstwhile BLN token in your wallet, it will be automatically upgraded to our new BUL token.
Fork schedule
The blockchain snapshot will occur at 5737100 block, from which we will divulge all BLN owners of that block and send new BUL tokens to these addresses.
NB: After the block 5737100 is mined, the old BLN token will no longer command any value! Similarly, after the 5737100 block mined, you can destroy the old BLN tokens by sending them to 0x0000000000000000000000000000000000000000
Also, if you have any pending or open orders on any exchanges where BLN is listed, we highly recommend that you kindly withdraw these tokens to your private wallet to receive the new BUL token.
Features of the new BUL token
1. Tokens will be locked in individual holding wallet for the entire duration of the ICO. Once the ICO ends, anyone who has the BUL token in his/her wallet can unlock the token transfer feature, allowing it to be moved between wallets — ultimately permitting token to be traded.
2. The new token by default inherits all of the features of the old token (Total supply, etc.)
3. The new token updates comes with a new token ticker which was previously also used for former Blockchain projects. This move resulted in a misunderstanding. The new token ticker is called BUL.
4. The ICO now has a limited finish timeline which is set to expire on the 31st of December 2018, if all tokens have not been sold until then. All unsold tokens at the end of the expiry date will be burnt.
5. The former limit placed on the purchase of 1000 BLN per wallet has been lifted in the fork. Now investors can purchase limitless amount of BUL tokens, so long as they meet the stated requirements and rules, otherwise limitations will still be based on your status. Furthermore, the KYC process is a mandatory process for all investors. To participate in the KYC process, please follow this link;
https://bulleon.io/contribute.php
6. Bonus system will be done on an incremental basis. The bonus amount will be based on the amount invested, with fixed values that are outlined below (valid until further notice):
· Up to 1 ETH = 5% Bonus
· 1ETH — 10ETH = 10% Bonus
· 10 ETH — 25ETH =15% Bonus
· 25ETH — 50EH =20% Bonus
· 50ETH + = 25% Bonus
Finally, we want to say a very big thank you for your much-needed cooperation and contribution to the new Bulleon. We value you as members of our community, and as such, we will continue to solicit your continuous cooperation and attention.