Bull Perks x Satoshi Club AMA Recap from 22nd of May
Hello, Satoshi clubbers! Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Bull Perks and our guest was @Constkogan. The AMA took place on 22 May.
The AMA session was divided into 3 parts with a total crypto reward pool of 500$
In this AMA Recap, we will try to summarise the most interesting points for you.
Part 1 — introduction and questions from the Telegram community
Andrés M. | Satoshi Club: Hello dear community. Today we have an amazing project to introduce you. Let’s give a warm welcome to our friends from Bullperks.
@Constkogan welcome to Satoshi Club
Constantin Kogan: Hi Everyone, thank you for having me
| Satoshi Club: Hello everyone! Welcome, Constantin
Constantin Kogan: Happy to answer your questions
Andrés M. | Satoshi Club: We are glad to have you here!
To begin with the AMA, could you please introduce yourself? We would like to know more about you as head of the project
Constantin Kogan: Sure, few words about myself: I’m an entrepreneur, digital asset investor since 2012, and blockchain technologies enthusiast with 10+ years of corporate leadership and experience in the technology and finance sectors. Co-Founder at Bullperks, Partner at BitBull Capital and former Managing Director at Wave Financial.
As an influencer and meta-connector, it is my personal mission to help talented entrepreneurs disrupting various industries with blockchain technologies.
In recent years, I’ve been involved in the world of tech, investment, advertising for over a decade and is a top thought leader in trends, particularly in Hedge Funds, IT Startups, Venture Capital, Healthcare, Agriculture, Real Estate, Media/Entertainment with expertise in the Blockchain technology and digital assets (crypto assets, digital securities) management.
During these years I had a chance to demonstrate a variable history of growth and expansion in fundraising, community expansion, strategic partnerships, helping to build teams and develop scalable business models. Delivering superior administration on the latter areas of expertise utilizing effective communication skills, business acumen, systems analysis, tech sociology, and behavioral psychology to support efficiency and maximum returns.
I hold a Ph.D. candidate in Sociology and a Masters in Education, fluent in five languages. I’m also a contributor to CoinDesk, CoinTelegraph, Bitcoin Magazine, Tech Radar, HackerNoon, AltCoin Magazine, Securities.io, constantly quoted by Forbes and other Tier 1 publication as well as an author of scientific articles, research paper, in addition, a thesis on social media and behavioral psychology of internet users.
| Satoshi Club: That’s a great background
How did you come up with the idea of creating Bull Perks?
Andrés M. | Satoshi Club: Please give us a words about what is the essence of Bullperks.
Constantin Kogan: Good question, we went through all the pains of personal investments and high barrier to enter great opportunities. I personally worked with a lot of High Net Worth Individuals (HNWI) while being a part of first Fund of Funds in crypto sapce and one of the tope digital asset wealth manager and quickly understood that the opportunities to even have access to exceptional early stage projects are very limited for people who don’t qualify for HNWI status. Equality of opportunities is important to us. Analyzing the market we wanted to create a fair game for every person, therefore we decided to create BullPerks with a core value to be fair to everyone in terms of opportunities. In other words, we bring to the table experience from traditional finance to crypto world by democratizing access to every investor.
In essence we strive to be the most fair platform for great early stage crypto projects by providing a chance to invest in these projects
Andrés M. | Satoshi Club: So is your project able to host IDO’s?
Constantin Kogan: Correct, we are both a Decentralize VC and a Launchpad. That’s a unique combination that we were searching for ourselves
| Satoshi Club:[22.05.21 19:58]
Constantin Kogan: It’s all about execution, in my humble opinion
Andrés M. | Satoshi Club: A correct way to do the things
Thank you for this clear introduction, we have collected some community questions. Are you ready to proceed?
Q1 from Telegram User @kimterbear
On your website, the thing that caught my attention are your investment models: Titanium, Gold, Silver. What is the difference between these three and what is the use and access allowed for each tier?
Constantin Kogan: The main difference are the chances to particiapte in a particular deal. People who hold Titanium level will naturally have better chances to get an allocation
You can think about it as a membership in a club with more perks depending on the level
Andrés M. | Satoshi Club: As a vip level, right?
| Satoshi Club: Just like different stairs
Constantin Kogan: Sort of, but we tried to make sure that the difference won’t be substantial to maintain fair play for investors who can’t afford higher tiers
Andrés M. | Satoshi Club: How can projects apply to Titanium level? What is needed?
Constantin Kogan: The levels are for investors not for the projects
Projects are able to apply for a listing via a form, we are soon updating our website to offer a dedicated page to automate this process
| Satoshi Club: I love this idea! So that everyone has more or less the same possibilities
Constantin Kogan: Correct, but also have a chance to upgrade
| Satoshi Club: We have another question somehow similar to this one, so, do you want to share more clarifications on it? It’s question number 4
Constantin Kogan: Of course, once you know which tier and Bull type you are, then see which projects are available to this tier. Different tiers have allocations to different deals. Then if you’re interested in a project and there is an allocation you will need to choose it and connect your wallet and transfer the funds and wait for a confirmation.
Projects that are listed on Ethereum will receive allocations in USDC/USDT (ERC-20), similar if it’s Binance Smart Chain it will be BEP-20 standard
In a nutshell, you will have to hold 10,000 BLP tokens to quilify for Silver tier
Andrés M. | Satoshi Club: Will you support more chains?
Constantin Kogan: Our plan is to be multichain project, so yes. Solana, Tezos, Cardano are in the roadmap
| Satoshi Club: Huge chains
Ready to jump into the next question?
Q2 from Telegram User @victorogb
Bullperks describes itself “as a community of like minded individuals who want to leverage their power and invest together in the best projects at the same terms as VC’s”. This statement resonantes through the core purposes of most VCs. However, BullPerks being a new project with a pretty small number of dedicated community members, is in a VC market that is clearly dominated by known brands and projects who have built a reputation in DeFi and crytocurency. Therefore, how will BullPerks look to create a unique niche for itself through it’s products, partnership and services, ultimately pushing it’s growth and development drive?
Constantin Kogan: Right now we are doing a lot of marketing efforts to attract users but at the same time we focus on the product striving to make it great and have usage in order to make them happy! We’re doing AMA’s and competitions to spread the word and then offer amazing projects to our community to participate in and more which will drive the usage and justify holding our tokens and buying more. We will advertise and market to non crypto channels as well to use the community power in the future to get them access to things both in the crypto and non crypto worlds. In addition, we have strong support from celebrities and people from traditional financial background. Soon you’ll major actor from Brave Heart and Game of Thrones supporting our cause.
Besides that we have about 12 partnership announcements
Our investors are top players in the industry with huge communities, so in the coming 2 weeks you will see a lot of buzz about BullPerks
| Satoshi Club: Game of Thrones!! OMG.
When Money Geist ones?
Andrés M. | Satoshi Club: Any easter egg for us? Could you tell us about one of those partnerships?
Constantin Kogan: For now I can announce only everything that is public, with dozens of Key Opinion Leaders accross the world. So we have access to influencers with a cumulative audience of 100M+ subscribers
| Satoshi Club: We will keep in touch then
Looking forward to have more news about this
Andrés M. | Satoshi Club: Thanks for the answer, are you ready to go with the next question?
Constantin Kogan: Yes
Q3 from Telegram User @h1drX
I was reading your roadmap but was intrigued to read your goals for Q4 2021, “Shop and Play NFT”, could you tell us a little more about this? What will these changes to the platform consist of? What will these changes bring?
| Satoshi Club: It was obvious a question related to NFTs was going to appear
Constantin Kogan: We will be incorporating NFT’s in the future and will also offer an NFT store. We’re always keeping on learning and evolving so will monitor the market trends and adapt. Our commitment is to listen to the community feedback and incorporate the changes to constantly improve our product. We will also partner with some portfolio companies to integrate ability to exchange NFT’s from different platforms as well as creating your own. The main point would be to add mroe value to our community.
Andrés M. | Satoshi Club: Btw, could you share with us your roadmap?
| Satoshi Club: How will you communicate actively with the community?
Andrés M. | Satoshi Club: That’s amazing, great things are coming
Constantin Kogan: June 9th is the focal point of our Roadmap, that’s our own IDO. The rest we will update on the website.
Onboarding new members of the team with core skillset of community building and support this month. Next week we will announce a new hire
Head of Growth
Andrés M. | Satoshi Club: Have you published the info about your IDO? How to join?
Constantin Kogan: We’re finalizing everything with top Launchpads who will partner with us on the IDO. The plan is to do dual or even tripple IDO simultaneously
The best way it to follow our https://t.me/BullPerksAnnouncements/
Andrés M. | Satoshi Club: Let’s check it Satoshiclubbers
And let’s join btw
Thank you for the clarification. Time to proceed with the next question, are you ready or do you want to add something else?
| Satoshi Club: Thank you Constantin
Q4 from Telegram User @Korryl
I read that Bull Perk have create token name with $BullPerks Tokens. So could you tell us what are the advantage by holding Bull Perk token? There are also available the “Tier System” And level for the holder itself, can you explain how does the “Tier System” work ?
| Satoshi Club: Partially covered, do you want to add something else?
Constantin Kogan: BLP token will represent the access to participate in the Tiers, I’ve partially answered about this before. To add another unique feature about our project, the 3% fees on investment will go fully to buy backs.
Andrés M. | Satoshi Club: What is the tokenomics of BLP? How is the token distribution?
Constantin Kogan: You can see details about the tokenomics here https://bullperks.com/tokenomics
Andrés M. | Satoshi Club: 27,5% Treasury, what is the aim of that pool?
Constantin Kogan: Basically any Treasury is there to serve several goals: to satisfy a number of essential criteria, which include cost efficiency, security, and the ability to liquidate reserves at short notice.
| Satoshi Club: Wise choice
Are you planning any token burn?
Constantin Kogan: Good question. There is a fee for participating in the decentralized VC deals as every other competitor have. However, in our case the fees will be lower and will go to buying back our tokens from the exchange as well as a portion of the company profits will go to buy back tokens as well.
| Satoshi Club: Sounds great! Thank you. Ready for the next question?
Constantin Kogan: Yes
Q5 from Telegram User @highpee
You planned to launch Bullperks on BSC, ETH and on 3 other chains in this Q2. You also plan to raise $2,120,000 from presales with half of this expected to come from private investors. However, none of the sale event has been carried out yet. With just a week left in this month, and one month to end Q2, will it still be possible for you to launch Bullperks on the 5 chains this quarter? Have you already gotten the desired VCs partners and private investors to lead the seed/private sale? Can you project when these sales will take place especially the public sale and how it will be conducted ? When will the platform eventually go live and what are the 3 additional chains you will be launching on?
Constantin Kogan: Just to clarify few details. 3 other chains will come later. We’ve already closed Seed, Strategic and Private. You can see a full list of our investors on our Home page, actually we’re oversubscribed with top VC who support us including x21, Follow The Seed, GD10 Ventures, Moonwhale Ventures, Shima Capital and many others.
Our plan it to launch an IDO which will be a Public sale, as I’ve mentioned before the ambitious date is June 9th. Shortly after we’ll start onboarding other projects
We closed our private raise im less than 2 weeks
which signifies trust in the team as a backbone of the project
Andrés M. | Satoshi Club: Have you audited your platform before the coming public sale?
Constantin Kogan: We are planning to do it but since we will not launch an IDO on our platform that’s less of a concern. We will have to 2 independent audits conducted to ensure the safety of the code and smart contracts. In talks with top auditing companies at the moment and already provide a draft of our smart contract to 2 of them.
Andrés M. | Satoshi Club: Great, safety first
Thank for share the info. Is time to proceed with the last question of this part of the AMA, would you like to add something before?
| Satoshi Club: The last question is knocking at the door…
Constantin Kogan: Yes, I think it makes sense to mention our contest that is currently running and 3 more will be launched before the IDO.
Check how to enter HERE (https://bullperks.com/contest/) !
We also thought through the future of the token by making the initial market cap very low (just below $400K) and we put in place long vesting so no VC or big holder can dump and also limited their ticket size so no one will hold too much and we have clause in the SAFT that makes it clear that if they dump they will be refunded.
We will do everything needed to try and protect our community and holders!
Andrés M. | Satoshi Club: That’s what we call a crypto gem
Thank you Constantine, let’s proceed.
| Satoshi Club:
Q6 from Telegram User @belkysgonzalez
Can any startups acquire your services to raise capital or is there some kind of test they have to pass? Do you have a certain criteria you base on to allow the startups to participate in BullPerks? If so, can you tell us what are the aspects that you value the most in these projects?
Constantin Kogan: We are open to have a conversation with smart entreprenuers in the space and assist them with all we can. Albeit we will conduct a strict due dillgence for every project. Inspecting the founders background, legal structure, tokenomics, securirty etc. What matters is an elegant solution coming out of real pain/problem with a clear path to execution & growth. Once we identify such opportunity, we will do everything to make this project successful
Part 2 — live questions from the Telegram community
Q1 from telegram username @Sumione
Will you support staking and farming options in the future? What else can hodlers do ?
Constantin Kogan: Yes, we will support both staking and farming in the future
Q2 from telegram username @Medo1234568
How will your project generate profits / income to sustain your project and what is the revenue model?
Constantin Kogan: We expect profits from the projects we invest in and will have a fee to list projects. Our buyback program is another strong incentive. The 3% fees on investment will go fully to buy backs as I’ve mentioned before. All the profits from the sales of the NFT store. Using 10% of the profits of the company investments. We expect the pick the winners as we did before hence our community will grow with us.
Q3 from telegram username @FZayyid
Have you considered on putting some Bullperks ambassadors for those community who don’t speak English as their language? If yes, can you mention which ambassadors for which language available?
Constantin Kogan: Yes, this is a great idea and we’re in touch with several ambassadors in Europe, Asia, Australia. Open to partner with more.
Q4 from telegram username @My1queen
Your roadmap plan to launch an Influencer Marketing Agency that will merge brands with influencers. How will this be implemented?And what will be the work routine of this marketing agency ?
Constantin Kogan: We’ve partnered with 2 agencies, so far our investor are instrumental to introductions to influencers. We have 50+ great thought leaders to work with via those intros.
Q5 from telegram username @Mariana436
I have seen many defi projects recently appeared, and they died because of lack of liquidity and confidence in developers. How do you convince investors about this problem?
Constantin Kogan: You’re correct, it’s a real issue. The only honest answer is building strong community, have more partnerships and make sure you do the moves with marketing. Moreover, some early investors dump the tokens as soon as they unlock, we are hoping to build a community of longterms players helping projects to balance their liquidity by increasing interest. We also partner with professional market making agencies.
Q6 from telegram username @Eminet001
What are the features this project has that will make you forever undispensable by Users
What makes you stand out and unique among he compititors you have. ?
Constantin Kogan: Besides what I’ve described, the main feature is our commitement to our vision and desire to deliver great results. I personally believe that tthe team is the most important asset/feature, especially in our business where reputation is paramount.
Q7 from telegram username @Medo1234568
As an individual user & a developer I’m interested in contributing to your project alongsides earning, Do you have any Bug Bounty program?
Constantin Kogan: We are planning to implement it after the official launch
Q8 from telegram username @testercoin
Which blockchain BullPerks using right now ERC-20 or BEP-20 and why not both of them?
Constantin Kogan: We will use both, just considering to use BEP-20 for our token due to high gas fees but we are chain agnostic. I would be curious to hear your feedback about your preference.
Q9 from telegram username @ronaldo_super
Where is your main core developers placed your core team and tell us about their experiences?
Constantin Kogan: Our core developers are in Europe, we can’t disclose their name as per the contract but I would say that they have developed top 10 DeFi projects which I’m sure you heard about
Q10 from telegram username @Miner_001 –
Sir, What do you want to achieve?What are your expectations of your project?
Constantin Kogan: By helping others I want to achieve growth for the project and fulfill my passion to create products that change people’s lives.
Part 3 — Quiz Results
As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.
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