Topic: BullToken ICO Whitepaper | Throwing itself 2 the wolves,in hopes of joining pack (Read 2607 times)

Decent project in my opinion. The vision is quite interestig. Would love to see how it matures over the next year.

The whole community driven concept is very well thought out and innovative. I'm a fan and hoping that the project will be able to reach their goals.

Been in since the presale. Excited to see where it goes!

That'll be a glorious day Asgeirk! A glorious day!!!

Hoi. Cant wait for this project to kick off!

Hello jbarger5!

Thanks for commenting here. We are just as excited to have you in the Community!

Word of mouth goes a long way, and we're hoping you continue to "pay it forward" just as you were given that opportunity!

You're not alone being new to the crypto-scene, so if you have any questions, don't hesitate to ask! We also think it's an amazing idea and it should make for a wild ride!

It's awesome to have you here Josh! See you on the BullToken Community Platform


Best Regards,
Louie

i am super excited to be aprt of the bulltoken community. reason i joined is by word of mouth. i go to school in vestby norway where i have became freinds with someone here who gave me a tip about your company. i am very new to the investing scene and cant wait to see what bulltoken can do. its an amazing idea and looking forward to growing along side with all the BT gang 

olli_00!

We are stoked to have you in the Community!

This time we're living in right now is very exciting to say the least! Cryptocurrencies has quickly gone from a strictly "nerdiest of the nerds" subculture, to just about every one at least knowing the bitcoin name. One thing is for sure, there's a movement going on, and we're glad you are here with us to be apart of it

Thanks for chiming in here Ole! Again, it's great to have such a enthusiastic member of the Community! Let's go make magic

p.s. you are absolutely a BullToken badass!


Best Regards,
Louie

I'm stoked to be a part of the BullToken community. 

As a newbie in crypto, I first got my eyes open for BULL when I "accidentally" read some comments from Espen Moen Kvelland on Facebook regarding the BTC-ETH axchange value.
I urged for information, and started to look around. As a big fan of crowfunding, and a moderate user of Kickstarter and other equivalents  , I found that this might be something for myself. 
So when the calendar said December 7th I was eager to get my ETH exchanged for BULL. 

Looking forward to follow the project in the months and years ahead! 


/Ole Gunnar - CryptoNewbie & BullToken badass! 

Of course! You are very welcome

So I'm just gonna be blunt and ask straight out, have you joined our pre-sale and can I expect to get to know you a little better on the BullToken Community Platform next spring?

I sure hope so! 

Best Regards,
Louie

Hi again Pacificbit!

Well, I fully understand your concerns, and agree that it's not a bad idea to err on the side of caution. From what I understand, it seems Canada's Ontario Securities Commission is saying they encourage this new form of raising capital, so you might want to check with the OSC. There have been a few publications on this matter, this is just one article I found. https://news.bitcoin.com/canadian-securities-commission-cryptocurrencies-icos/

I suggest you do some more research for yourself, but I would like to say that we have used quite a bit of resources on a legal team, and according to Norwegian securities laws, which are very similar to those of northern America, we are not classified as a security.

As far as in the future being classified as a registered security, I've stated in other posts, this is something we hope to accomplish by the start of the mainsale. Some small changes would be made to our underlying concept if this is the case.

I encourage you to follow along, and if you haven't already done it, create a BullToken account so you are added to our mailing list. All updates regarding this will be published via our newsletters, and having a BullToken account is definitely 100% free and legal

Best Regards,
Louie

Hi phexchanger!

Thanks for the comments. We are slowly building an audience on twitter as well as bitcointalk. You coming in and making a comment is a big help!

I hope you have had a chance to read through the whitepaper. If you have any questions, don't hesitate to ask! Take care

Best Regards
Louie

I am sorry.  I wanted to participate but I have tried understand the position of my country, Canada, on offerings such as this one.  It doesn't seem very clear, but it does seem they want to classify them as securities with all the regulations and registrations that would apply.  I'm not certain how that would affect me as an investor, but I don't want any tax complications that might result in case they decide to classify it as an unregistered security.  Thank you for welcoming me earlier.

I should have looked into this earlier so I could get your advice.

So far, this is one of the ICOs where the Dev patiently answers questions in details. Hopefully, this thread will be more alive and so is the twitter account, in the same way as the FB page are receiving likes

Thank you!  Your answer has been very helpful. I am still considering what I will do.

Check out our ICOalert report: https://blog.icoalert.com/ico-alert-report-bulltoken-4a867cdc3297

Louie

Hi Pacificbit!

Thanks for the question! You're definitely on the right track. So instead of using your example as a single investor, I'm gonna use the whole community so it's easier to understand in relation to how things are going to function. But I will say that you are understanding the gist of it. 
So your question is "How will the profits from the community investments be returned to the investors?". For legal reasons, we need to be very careful about how we explain things, but as a "hypothetical example", do you understand the basics of an ETF fund? This is not much different, but at the same time it is very different, because we are officially NOT an ETF fund

The BullToken token represents each member’s share of all assets we as a community invest in. Since we don’t pay out dividends, an owner can sell BullTokens on major exchanges, as its exchange value goes up and down, if they so desire. As the value of our Community Investments increases, the value of BullToken will also increase.

As far as the BullToken buy/burn strategy, it's only a mechanism to ensure its liquidity on exchanges. This is something we may never need, but it’s in place and ready to be voted on by the community if needed.

And then there are a couple of other investment strategies to mention here as a supplement to what's already been stated by you and myself.

In order to distribute risk, we have 2 main investment strategies. The first investment strategy states that we will invest a maximum of 1% of our total Assets Under Management (AUM) in new blockchain projects, and not hold more than 5% in any one investment. Whenever an underlying asset increases to more than 5%, BullToken will partially sell itself down to 5%, and repurpose 80% of those gains into investing in new projects. The second strategy is also investing in established cryptocurrency assets. Our current guidelines state that a maximum of 20% of the total BullToken Investment Portfolio can be established cryptocurrency assets.

The last important strategy to mention is flexibility. Every day is an exciting day in the world of cryptocurrencies, but nobody really knows what will happen tomorrow. In order to be able to adapt to this fast moving industry, BullToken has set guidelines, not set-in-stone rules, and is willing to adapt by including our community in future strategy planning. Although this wasn’t part of your question, this is a very important reason for why BullToken is not a 100% blockchain project, but a hybrid. All transactions that need to be stored on the blockchain will be there for all to see.

As far as we can see, as long as there are innovative projects to invest in, then this is definitely a long-term sustainable practice

I hope I've answered your question well enough. Anything else you'd like to discuss, we welcome it with open arms!

Will I be seeing you on the Community Platform? I hope so!

Best Regards,
Louie

Hi,

I like your idea but I'm still a little fuzzy about how the profits from the community investment will be returned to the investors.

I understand that you are looking for people who are committed to the community and have developed a Karma System which will provide value added opportunities.

For the token itself, my understanding is as follows.  Please let me know if this is correct.

By way of example, I invest one Ether and receive 500 BullTokens in the pre-sale.  Let's assume the community invests my one Ether and earns 10 Ether.  How is that investment returned back to me? My understanding is that your advisory board will petition the community to learn how to best distribute that 10 Ether.  Some of it will be used to buy back BullTokens and "burn" them, or permanently remove them from circulation.  As a result, the supply of BullTokens will become more limited and the market value will increase.  In that way my BullToken value will reflect profits received from the diversified investment in community chosen ICOs and altcoins. It's not a direct return, but an indirect return by limiting the supply of BullTokens.

I hope I understand this correctly.  I'm also wondering if this is a long-term sustainable practice.

Thank you for your help.

Bulltoken: Attending the best ICO´s

Hi spudsinteger!

Thanks for contacting us. All tokens that aren't sold once the mainsale is over will be burned/destroyed. Although, we don't plan on resting until the project hardcap is reached!

Best Regards,
Louie