Bulleon — Financial Instrument that Revolutionizing the way of Financial Transactions
Bulleon is published on the Ethereum ecosystem produced on the blockchain, where it poses as a financial value. Although this improves the surface token slightly, it is considered to be an exciting development. However, ERC20 makes the resources more accessible to replace and ensures that it can work with Dapps that meet the same standard. So far, the ERC20 standard allows any compatible token to be a natural fit with new projects and services. Besides, the introduction of this rule also provides tokenization of other functions, including the right to vote. Bulleon project tokens allow investors to vote or decide on what the future of the project should look like.
Bulleon’s Goal :
Launch the power gathering whirl of Bulleon
Once the Force Gathering Whirl of Bulleon is rolled out, it begins to gather reputation and trust, causing the price to rise.
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Market capitalization
When Bulleon sold out from a smart contract, its market capitalization will be $2.85 billion, after which Bulleon will achieve a floating exchange rate and will be the largest cryptocurrency on the Ethereum network.
Ethereum offers a standardized method for creating new tokens in its blockchain called the ERC-20 protocol. ERC-20 is not some line of code, software or technology. On the contrary, these are the guidelines that facilitate the integration of several currencies.
Why is the Ethereum ERC20 token standard preferable than Bitcoin Blockchain? The Bitcoin blockchain has some problems that make it a bad choice for ICOs and cryptocurrencies. These problems are highlighted below :
- Bitcoin Blockchain is not a more general-purpose program: What distinguishes Bitcoin from not being a more general-purpose program is its design as a monetary system.
- Security Issues: Talking of security, Bitcoin cannot be referred to as a Turing-complete scripting system.
- Longer Block time (Slow Confirmation): Finally, the block time of Bitcoin is too long for a cryptocurrency or ICO to be feasible or achieved. At 10 minutes per bock, transactions could take over an hour to clear and then be verified after they are few blocks deep within the chain.
Ethereum ERC20 token standard has corrected Bitcoin Blockchain flaws. Bitcoin’s blockchain structure problems have been solved by the Ethereum ERC20 token standard in the following ways:
- Ethereum, a multi-purpose program: Ethereum stores a tree of program states by using a complex data structure called the Merkle Patricia Tree, which allows for faster changes and tests of the different rules required to run the ICOs.
- Ethereum is Turing Complete: Ethereum (which was created to correct Bitcoin flaws) is a Turing-complete system. The instructions in the program code of Ethereum are processed using what we call “gas” payment.
- Ethereum uses GHOST protocol: The Greedy Heaviest Observed Subtree (GHOST) protocol of Ethereum makes it possible to create blocks faster without compromising the security of its blockchain.
Bulleon is a Smart Financial Instrument
Bulleon smart contract
Bulleon smart contract is written in the Solidity programming language and is completely open source. Anyone who wants to explore it gets full rights to do so. It is perfectly understandable to know what functions its code contains.
Smart contract functions
Smart contract is constructed in a way that the contract owner would not have any authority to control it after it will be deployed on the Ethereum blockchain. A few functions have been left in the assembly- in case something unexpected happens- but they have no effect on Bulleon and its economy; you can sleep in peace. The functions left to maintain the contract owner are: change contract owner or withdrawal address, force withdraw ETH (if the funds are stuck in a contract), burn a specific amount of Bulleons. No one can ever create more Bulleons, move them to another address, or otherwise manage Bulleons inside the ICO smart contract. Even we do not have the authority to manage them inside the contract. Thus, the only way to get them out of the contract is by purchasing them. This decision has been made for the peace of mind of investors.
Bulleon’s Finances
Bulleon cryptocurrency gains its power by gathering the labor input into it. Continuous hard work makes it better and stronger, and exponential labor input for the project’s developing and marketing and fast bussines expansion will guarantee it a continuous price-lifting force. Look at the infographic.
Ilustration Scheme :
- You purchases some Bulleons. After purchase, you will immediately receive the Bulleons in his favorite wallet.
2. Bulleon receives a payment and uses part of it immediately on his own development by hiring more required employees and specialists (marketing experts, advisors, finance managers, designers, programmers, assistants).
3. The other part will be used for aggressive marketing via all possible channels of the internet.
4. Because marketing will be very effective, it naturally will bring new investors.
5. Whenever a new supporter purchases Bulleons, it will make Bulleon more powerful.
6. Once the Force Gathering Whirl of Bulleon is rolled out, it begins to gather reputation and trust, causing the price to rise.
What happens if Bulleon’s market price exceeds the selling price of a smart contract? In case a token sale is on (at any phase) and Bulleon’s market price reaches the level, which is greater than smart contract selling price- it will automatically trigger the product sales process through a smart contract, and will subsequently affect the market price as a correction.
Bulleon’s ICO
There will be a total of 12 phases, with no time limit. Each phase will contain 760,000BLN for a fixed price. The USD rates are calculated at ETH price 300USD/ETH.
Token Distribution
Total Bulleon supply: 9,5 million (9,500,000) BLN of which:
- 96% will be offered for purchase
- 2% will be distributed for bounty program
- 1% will be distributed for airdrop
- 1% will be reserved for founders
- Ethereum ERC20 token – Bulleon (BLN)
- Purchase methods accepted: Ether (ETH)
- Maximum cap on crowdsale: 1,060,009ETH
ICO will start at phase one at 03. November 2017. Phases are not time-constrained, once one phase sells out, the next one will start automatically. The one-time purchase is limited by 1000 BLN/per address. That means, if you purchase 800 BLN at phase 3, and decide to purchase 500 BLN from the same address, you will get only charged for 200 BLN, and the rest of payment will be automatically refunded to your address. However, there is no limit to how much BLN you can hold on your address, the limit is valid only for purchasing from the same address.
Investment in Bulleon
Investor 8 buys in at phase 3 with a total of 2000USD, while the rate is 0.5 USD/BLN. At this rate, he will get a total of 4000BLN. He decides to sell BLN while phase 5 is active, while the contract price of BLN is 1.5USD/BLN. The market rate cannot be greater than a phase rate, so it is assumed that the selling price is at the phase 5 price range. Investor 8 sells all BLN at the 1.5USD/BLN rate with a 6,000USD revenue. The total gross profit is 4,000USD with a 200% markup. Dividends are not calculated in this example because they are only distributed when the last phase is over.
Bulleon’s Team
LINKS:
WEBSITE: https://bulleon.io/
WHITEPAPER: https://bulleon.io/blackpaper_bulleonn.pdf
OFFICIAL ANNOUNCEMENT THREAD: https://bitcointalk.org/index.php?topic=2354399.0
OFFICIAL BULLEON BOUNTY THREAD: https://bitcointalk.org/index.php?topic=2384276.0
MEDIUM PROFILE: https://medium.com/@Bulleon_net
REDDIT: https://www.reddit.com/r/Bulleon/
GITHUB: https://github.com/Bulleon/contract/SOCIAL CHANNELS:
FACEBOOK: https://www.facebook.com/bulleon.net/
TWITTER: https://twitter.com/Bulleon_net
TELEGRAM (discussion): https://t.me/bulleon_official
TELEGRAM (annoucements): https://t.me/bulleon_announcements