Recap of The AMA Session With BullPerks Co-Founders (December 2022)
The BullPerks Co-Founders held another internal AMA on Telegram to share exciting updates about the company’s upcoming plans.
Eran Elhanani and Constantin Kogan held another internal AMA on the Official BullPerks Telegram chat to keep its users and crypto enthusiasts informed on all the latest news, plans, and progress of the company. The Co-founders also answered questions from the BullPerks community.
In case you missed the live session, don’t worry. Check out the complete AMA recap below!
BullPerks admin:
Hello everyone and welcome to the BullPerks internal AMA session. Meet our Co-Founders, Eran Elhanani and Constantin Kogan, who are here to give exciting updates and answer your questions later.
Eran Elhanani:
Hi everyone, welcome to our AMA and thanks for participating. As you know we are constantly looking to bring value to our community and find more use cases to our token. So we wanted to give you some updates about a new business model we have created.
As you have seen token raises and IDOs have been a little slow and not performing as well in recent months. While we’re still big believers it will come back and is a great business model then we wanted to supplement it with another business model.
Constantin Kogan:
Few updates to begin with:
1) We are preparing for a new kind of deal that long-term investors will appreciate.
2) We are working on bridging our tokens into other networks and will have some news about it soon
3) The market may not be in the best shape, however, we continue working hard to bring you exciting events, and airdrops and we are open to partnerships with other projects.
Eran Elhanani:
Hence, we will be launching equity deals. This basically means we will source deals/companies looking to raise capital and give part of the equity in return so different model than token raises.
The structure of those deals in general is similar although the process might be a little different and will be further explained in a medium article. The idea is that we will get a certain allocation for the equity raise and our token holders based on their tiers will be able to participate in those deals and invest in them.
While returns might not be immediate or as liquid as in tokens then there is also less volatility and long term some of these investments could be extremely profitable. We obviously can’t guarantee that but will be doing serious DD on all these projects before opening those deals
The advantage of equity deals is that there is more data shared with investors and there is more accountability and reporting owed by the company to investors
Constantin Kogan:
As Eran mentioned, we are analyzing the market all the time and want to deliver you the most exciting opportunities. For now, equity deals are more common among top investors. Venture Capital (VC) firms mostly deploy to Web3 infrastructure that is here to stay. Since we’ve built good relationships with the best hedge funds in the world, we are in a unique position to have a solid deal flow of deals that only a few investors would even know about before they are oversubscribed.
Having said that, we will do our best to provide the guidelines for participating in the new equity deals which will require a slightly different onboarding process.
Eran Elhanani:
We are currently reviewing multiple deals and hoping to launch our first deal this month. We have been preparing the platform and tech aspect to accommodate this. So almost ready to go
Constantin Kogan:
A lot of the preparation is considering the legal and compliance side of things, as we believe it’s one of the most important aspects. Hence we are consulting several experts on how to make sure we are taking into account the multijurisdictional nature of our business.
Eran Elhanani:
Other than that as Constantin mentioned we have been busy with going and speaking on events, doing PR, multiple partnerships which you have seen some like Bitkeep wallet and some other project collaborations, continuing to build and increase our community, strengthening our relationships with top funds, exchanges and projects in the space and growing our brand recognition.
We’re sure you have some questions about this new business model and maybe others so happy to hear from you and try to answer your questions. Let’s open the floor for questions.
Community member: Hello, I hope you are fine and doing great. Thank you so much for the AMA. I have a couple of questions. First, the BullPerks staking pool is expiring. Are there any plans to deploy a new one?
Some of the IDOs or private deals haven’t launched in the market and it’s been really long. Any plans to approach those projects for info? Coz, if we directly go to their socials and ask, usually responses aren’t very serious ones.
Constantin Kogan:
Yes, BullPerks pool was extended yesterday.
Eran Elhanani:
We are in touch with the projects and following up. Many were planning to launch and then FTX saga happened. Now we’re heading to holidays so we doubt there will be many launches before like mid January and hopefully, no more big dramas and market stabilizes then first quarter of next year will be busy
Marius Short:
Lovely seeing BullPerks along big names in the industry we are excited for when the time will come and we actually list/partner with the big names you have been hanging out!
Crypto Varrior:
Thank you so much, Eran, Constantin, and the whole team. Merry Christmas and a Very Happy New Year in advance! 🥳
Eran Elhanani:
Btw, since you mentioned the pool expiring then we will be extending the pool with new rewards for another year and anyone looking to participate in token or equity deals will have to lock their tokens there.
We believe that considering the fact we already released all tokens to investors and with these pools extended and us doing buybacks and burns continuously the circulating supply will go down and once the market will be back or people will notice our equity deals and join then the demand for the token will surge and hopefully price will follow although we obviously can’t guarantee that.
Weekend:
Any change on the tiers or will they stay the same?
Eran Elhanani:
For now, they will stay the same.
Constantin Kogan:
Since you’ve mentioned the new pool, you probably noticed it’s a 1-year pool for our loyal supporters. We are conducting this for people who are here to stay with us and grow together. Previously some speculators tried to participate in the deals and then sell the tokens unstaking them right after. We don’t appreciate such an approach. Hence after careful consideration and a new strategy toward equity deals, we prefer long-term supporters and it will be our job to provide not only rewards in BLP but also more perks.
Eran Elhanani:
The beauty about equity deals is that the ticket sizes will be bigger and not as limited as with token deals
Crypto Varrior:
That’s awesome. I have been with Bullperks since the very beginning so definitely gladly will stake even for the next 5 years if there was a pool like that 😁
Constantin Kogan:
We truly appreciate your support. More partnerships and exciting news will be announced soon.
Eran Elhanani:
Thanks for the support!
Constantin Kogan:
Meanwhile, wishing you Merry Christmas and a Very Happy New Year in advance! 😇
Eran Elhanani:
Thanks, everyone for participating and for your constant support. We appreciate it and work hard every day to justify it. We wish you the best and enjoy the holidays and will continue to update you with progress and more stuff.
BullPerks admin:
Thank you everyone for joining us today! Thank you Eran and Constantin for your answers and for sharing great news!
