BOLT AMA on Qudem with Jamal Hassim and Christel Quek
Hey BOLTians! We’re pleased to share with you a summary of the AMA session on Qudem with Jamal Hassim and Christel Quek on Sunday 21st of April.
The summary has been organised in three distinct categories: (1) BOLT’s vision and mission, (2) BOLT on the blockchain and (3) focus on our Co-Founder and CCO Christel Quek.
BOLT’s Vision and Mission
Question from Olivia Hauxwell: “Where did the name BOLT come from?”
Jamal Hassim: “Speed of our content delivery”
Christel Quek: “BOLTed to the ecosystem!”
Question from Naemeka Ezugwu: “Can you tell us more about your vision for BOLT?”
Jamal Hassim: “To make a significant impact in bringing access to meaningful content to users in the emerging markets, and seeing that the use of the BOLT Token has been able to uplift the economic standing of impoverished communities.”
Christel Quek: “We aim to become the world’s largest mobile wallet powered by content.”
Question from Rob Cannard: “Please could you highlight the three most important goals you aim for BOLT to achieve over the next 6 months.”
Jamal Hassim: “1. Increasing users 2. Increasing revenue and profitability 3. Increasing the BOLT Token utility and adoption.”
Christel Quek: “Sums it up, Jamal and I are aligned.”
Question from Olivia Hauxwell: “Can you give an overview into the BOLT team and how you came to put the team together?”
Jamal Hassim: “We have 32 full time team members from 12 different countries based in 3 continents. Our team members have come via recommendations and referrals. Best team I’ve had in 28 years of doing business.”
Christel Quek: “We are artists, intrapreneurs, and united in one vision to build a movement we can be proud of. I can’t agree more with Jamal, I have worked in many cutting edge companies like Samsung, Twitter and Havas, and nothing beats the talent we have now, we are very blessed.”
Question from Drawboi Art: “Cricket World Cup is about to start. What features are launching for World Cup Cricket?”
Jamal Hassim: “We are featuring live clips from all the key matches to suit our users in developing markets who don’t have enough data allowance to watch the full matches.”
Christel Quek: “We are also launching BOLT+ our new video streaming application with video playlists for the seasons — the BOLT Wallet — and a user referral program. Cricket ambassadors are also being recruited in different markets to support different languages and to produce compelling content.”
Question from Kennedy Gregory: “Can you tell us more about BOLT’s partnership with Hisense, a sponsor of the FIFA 2020 World Cup and what we can expect in terms of content?”
Jamal Hassim: “We are bundling our app with Hisense phones and televisions, commencing in South Africa. We will bring content to the Hisense hardware ecosystem. It’s a great partnership as we have access eventually to almost 500 million devices.”
Christel Quek: “Hisense is a highly innovative brand and we were very fortunate to have been part of the global partners conference they held recently at Qingdao in China. We think they have massive potential to be the number one manufacturer in many leading markets due to their speed of innovation, capital base and vision of their leadership team . We are delighted to be partnering with them and our upcoming launch in South Africa is a good start.”
BOLT on the blockchain
Question from Lunar 8: “What are your top 2 challenges to make Bolt the most used DApp in blockchain?”
Jamal Hassim: “I think BOLT is already succeeding as a service. Our challenge is establishing the Token as a preferred payment method.”
Christel Quek: “Going after the next 6 billion who aren’t on the grid, and having them make that quantum leap to the blockchain. We have some ideas on how to do so, but we won’t jinx it yet. We are doing some testing now.”
Question from Paul C: “Why would BOLT succeed as a DApp where almost every DApp in the blockchain space has failed to gain traction in the real world?”
Jamal Hassim: “Main reason is that we already have a winning business model. Building on the blockchain makes us even more efficient and creates more transparency for our users and investors.”
Question from GMan: “How fast will the BOLT tokens paid for content go back into circulation with other words please explain the token velocity of the BOLT token ecosystem.
Christel Quek: “Good question! This will be kept in a master wallet and we are looking to introduce a smart contract to effect greater efficiency in stages. We will share more updates as soon as we complete our token swaps and also introduce smart contract processing for our ecosystem. This will be built on Scilla (Zilliqa’s smart contract language)”
Christel Quek, Co-founder and CCO
Question from Olivia Hauxwell: “As a woman can you talk about some of the inequalities you have experienced in a male-dominated industry?”
Christel Quek: “It’s a great question, I try to always be firm and use humour decisively as an ice breaker to diffuse particularly difficult situations. I’ve had very rude propositions and nasty remarks. But I believe that while you can’t control how people react towards you you can always control your reaction to the situation. So I am firm, but I can be kind. I have a sense of humour, but do not take my willingness to understand or banter as a sign of weakness or familiarity. I guess this applies to anyone and everyone who have faced difficulty in dealing with people. After all, where there are people there will always be politics.”
Question from Kennedy Gregory: “How did you come to co-found BOLT?”
Christel Quek: “I was very fortunate to meet Jamal and share the common intersection of interests, values and skill sets. This then culminated in a joint vision to do well and do good for people who deserve more, which became the spark that set BOLT alight. We want to build that next generation movement which will be the quantum leap consumer company after Facebook/google/amazon which is on the blockchain and for the masses.”
Question from Kennedy Gregory: “Can you provide a brief overview into your background and some of the key influences along your professional career that helped you get to where you are today?”
Christel Quek: “Sure! I am born and raised in Singapore, I read widely and I believe having a variety of interests has allowed me to form new perspectives which can be applied to business. I was a digital marketer and worked on and for a few Fortune 500 brands — Uber, Samsung, Twitter etc — and then ran sales for Asia for a data company (Brandwatch) — and advised Zilliqa through their very successful Token Generation Event in 2017. So it’s been a great journey, full of euphoric highs and crushing lows, but what has stayed constant is the benefactors and family I am blessed to have, a keen sense of curiosity, and a drive to do more for people who deserve more.”
Question from Kennedy Gregory: “Hi Christel, thanks for setting this AMA event on Qudem. How do you feel about being named one of Forbes 30 under 30?”
Christel Quek: “I feel very fortunate and humbled. I would also say that nothing has essentially changed about me. :-) I am still working, learning, and living the best life I want to be, and I do hope that somehow I will be able to help more people reach their potential and do more with their dreams. First step is starting with the company I co founded, which is BOLT! Plus, if we can build and survive in the bear market , imagine what we can achieve in a good bull run :-) but seriously speaking, we always focus on the user and also our community, and how we can build a business we can be proud of. It’s a vision which really drives Jamal and myself to do more each day.”
Check out our official channels!
Official Website link: https://bolt.global/
Official Telegram discussion group: https://t.me/BoltGlobal
Official Telegram channel: https://t.me/BoltGlobalAnnouncements
Official Twitter: https://twitter.com/Bolt_Global
Official LinkedIn: https://www.linkedin.com/company/bolt-global/
Official Facebook: https://www.facebook.com/Global.Bolt/
Official Instagram: https://www.instagram.com/bolt_global/
Official Kakao Talk: https://open.kakao.com/o/gtmAhQ6
Official Youtube Channel: https://www.youtube.com/channel/UCqyGHc_IQpnsMMwJfCYetFA
