BullToken ICO Whitepaper | Throwing itself 2 the wolves,in hopes of joining pack

[louiepro]

I like this bull token idea, but why is the this tread not active?

Hey Mr.cryptos!
This thread was set up before we were listed on ICO listings. Hopefully we'll have some steady traffic here moving forward.
What do you think of the project?

Best Regards,
Louie

[louiepro]

First of all hi Louie Procopio glad you showing how you really are.
And second is you have a great attitude too +1 for that.
third is lol i am laughing for my self because 28 page on your whitepaper and the only thing i can understand is you try to gather professional here to join your project and create the project from 0 and it starts from here. So community will know every progress of this project.

that's all can say. Godspeed and good luck sir Louie Procopio

Hi narielle!

Thank's so much for the kind words. We also think it's important to have not just a transparent concept and business model, but also team members.

Be sure to follow us and subscribe on https://www.youtube.com/channel/UCIVpRdSiA7x-TSPNPRsmREg where we will be posting many "Casual Q&A" episodes. Should really help in understanding everything in more detail. And let us know if there is anything specific you'd like to see a video of.

Thanks again! Hope to see you in the Community!

Best Regards,
Louie

[louiepro]

well i cannot be part of the man that you looking for. But i really wondering about where this project gonna heading. So i am here to reading the most criticism and learn something from them.  

Hi Wakhid Mukti!

I'm excited to see where this project is heading also! Thanks for your comment. I expect to see you around here asking more questions and learning from the criticism of the community. Until then, take care and have a nice day!

Best Regards,
Louie

I am here just reading people statement. As same as that nareille that 28 pages. It takes a long long time for me to understand all of it. (maybe someone will post short video about this project so it can be easier to understand haha)

Hi again Wakhid Mukti!

I'm glad to see you here again following along! You should subscribe to our YouTube channel. We'll be posting videos often, where we explain and answer questions we receive. Here's our channel: https://www.youtube.com/channel/UCIVpRdSiA7x-TSPNPRsmREg

Also make sure you watch the first episode of "Casual Q&A"! You make an appearance in it Take care! Hope to see you in the Community!

Best Regards,
Louie

[jttp]

Hi Louie!

Great concept. One question about your implementation of the Interactive Coin Offering. As I understand the whitepaper by Jason and Vitalik, they base their approach on an uncapped sale. Yet, you mention a hardcap in your whitepaper. Could you elaborate on this?

Thanks!

[louiepro]

Hi Louie!

Great concept. One question about your implementation of the Interactive Coin Offering. As I understand the whitepaper by Jason and Vitalik, they base their approach on an uncapped sale. Yet, you mention a hardcap in your whitepaper. Could you elaborate on this?

Thanks!

Hi jttp!

Thanks

Great question! Our first priority is running a safe and secure ICO. The github repository links for our ICO smart contracts will be published after a code audit, giving ample time for a bug bounty before the pre-sale begins.

When it comes to running an Interactive Coin Offering, this is still something we are working on, and we hope to be able to do this before the start of the mainsale. Before the pre-sale begins we will be publishing the pre-sale AND mainsale smart contracts, for obvious reasons of transparency. 

If we manage to create a successful InteractiveCO in time(while keeping priority 1 in tact), then we will do the same as we are doing now. We will have a third party code audit, then run a bug bounty. Then we would need to publish, loud and clear, that our original mainsale smart contract has been changed in order to support the Interactive protocol.

So just to quickly summarise, everything right now reflects our original plans of an Initial Coin Offering pre-sale and mainsale, but our smart contract developers are still working on making an InteractiveCO in time for the mainsale. Our number 1 priority is first and foremost security. Fairness will have to take a backseat to an unhackable smart contract

We are confident that the Interactive protocol will be coded into our smart contract before mainsale, but we also did not want to start the pre-sale without having a working mainsale smart contract available for all to see.

Thanks for the great question! Hope to see you on the Community platform!

Best Regards,
Louie

[narielle]

First of all hi Louie Procopio glad you showing how you really are.
And second is you have a great attitude too +1 for that.
third is lol i am laughing for my self because 28 page on your whitepaper and the only thing i can understand is you try to gather professional here to join your project and create the project from 0 and it starts from here. So community will know every progress of this project.

that's all can say. Godspeed and good luck sir Louie Procopio

Hi narielle!

Thank's so much for the kind words. We also think it's important to have not just a transparent concept and business model, but also team members.

Be sure to follow us and subscribe on https://www.youtube.com/channel/UCIVpRdSiA7x-TSPNPRsmREg where we will be posting many "Casual Q&A" episodes. Should really help in understanding everything in more detail. And let us know if there is anything specific you'd like to see a video of.

Thanks again! Hope to see you in the Community!

Best Regards,
Louie

I am not so active on youtube currently but yeah i will give it try
I am really wanna see this project can success from community to community

[louiepro]

First of all hi Louie Procopio glad you showing how you really are.
And second is you have a great attitude too +1 for that.
third is lol i am laughing for my self because 28 page on your whitepaper and the only thing i can understand is you try to gather professional here to join your project and create the project from 0 and it starts from here. So community will know every progress of this project.

that's all can say. Godspeed and good luck sir Louie Procopio

Hi narielle!

Thank's so much for the kind words. We also think it's important to have not just a transparent concept and business model, but also team members.

Be sure to follow us and subscribe on https://www.youtube.com/channel/UCIVpRdSiA7x-TSPNPRsmREg where we will be posting many "Casual Q&A" episodes. Should really help in understanding everything in more detail. And let us know if there is anything specific you'd like to see a video of.

Thanks again! Hope to see you in the Community!

Best Regards,
Louie

I am not so active on youtube currently but yeah i will give it try
I am really wanna see this project can success from community to community

Thanks narielle! The same to you.

Best Regards,
Louie

[jttp]

Hi Louie!

Great concept. One question about your implementation of the Interactive Coin Offering. As I understand the whitepaper by Jason and Vitalik, they base their approach on an uncapped sale. Yet, you mention a hardcap in your whitepaper. Could you elaborate on this?

Thanks!

Hi jttp!

Thanks

Great question! Our first priority is running a safe and secure ICO. The github repository links for our ICO smart contracts will be published after a code audit, giving ample time for a bug bounty before the pre-sale begins.

When it comes to running an Interactive Coin Offering, this is still something we are working on, and we hope to be able to do this before the start of the mainsale. Before the pre-sale begins we will be publishing the pre-sale AND mainsale smart contracts, for obvious reasons of transparency. 

If we manage to create a successful InteractiveCO in time(while keeping priority 1 in tact), then we will do the same as we are doing now. We will have a third party code audit, then run a bug bounty. Then we would need to publish, loud and clear, that our original mainsale smart contract has been changed in order to support the Interactive protocol.

So just to quickly summarise, everything right now reflects our original plans of an Initial Coin Offering pre-sale and mainsale, but our smart contract developers are still working on making an InteractiveCO in time for the mainsale. Our number 1 priority is first and foremost security. Fairness will have to take a backseat to an unhackable smart contract

We are confident that the Interactive protocol will be coded into our smart contract before mainsale, but we also did not want to start the pre-sale without having a working mainsale smart contract available for all to see.

Thanks for the great question! Hope to see you on the Community platform!

Best Regards,
Louie

Thank you for the detailed explanation. Appreciate it, Louie!

[Xytech]

Hey. I'm a newbie in the cryptocurrency world, just joined in last week. Being busy with exams I haven't had the time to read as much about them as I wish. Been putting some cash into IOTA so far as it seems like an amazing project. Wanted to dip into some ICOs as well when I stumbled upon BullToken. I'll probably try to participate in the community some, but mainly I just really like the thought of investing in a fund for ICOs. Seeing how many there are and the explosive growth of some of them, I feel like there's just too much to tackle as an individual. So relying on a community that properly researches them all and manages to catch on to the successes sounds amazing, even if a large percent might fail.

I know you haven't advertised much yet, but still the community as of now seems extremely small. While this will likely change as the project nears the main sale I still have to ask, how well can the project function if you only barely manage past phase 1 (past the guaranteed money-back) and don't get the community needed for your planned systems? Will the currently in place IBAs still manage to keep the ship sailing?

And I'm asking because of my own ignorance here, but is there any chance of survival if blockchain happens to die? Like, will you spread out to some other techs and investments, so you don't 100% rely on blockchain staying healthy? From what I've read so far I find it hard to believe blockchain has a permanent future, with tech like the tangle on the market. Can't help but think one day the biggest non-miner bitcoin investors will swap over to the tangle, or some other new tech, creating seemingly insurmountable sell walls, causing the new bitcoiners who's just after a quick profit to sell as well, and starting a complete crash of the blockchain alltogether. Though I'm not expecting it any time soon, and it might very well be my paranoia speaking.

Lastly, I'm not seeing any referral links in this thread. Apparently both the parties get a reward during referrals, so if anyone needs one then you can use mine: https://bulltoken.tech/PreRegister/Register?refCode=2f7678e2009afb1ec641

[louiepro]

Hey. I'm a newbie in the cryptocurrency world, just joined in last week. Being busy with exams I haven't had the time to read as much about them as I wish. Been putting some cash into IOTA so far as it seems like an amazing project. Wanted to dip into some ICOs as well when I stumbled upon BullToken. I'll probably try to participate in the community some, but mainly I just really like the thought of investing in a fund for ICOs. Seeing how many there are and the explosive growth of some of them, I feel like there's just too much to tackle as an individual. So relying on a community that properly researches them all and manages to catch on to the successes sounds amazing, even if a large percent might fail.

I know you haven't advertised much yet, but still the community as of now seems extremely small. While this will likely change as the project nears the main sale I still have to ask, how well can the project function if you only barely manage past phase 1 (past the guaranteed money-back) and don't get the community needed for your planned systems? Will the currently in place IBAs still manage to keep the ship sailing?

And I'm asking because of my own ignorance here, but is there any chance of survival if blockchain happens to die? Like, will you spread out to some other techs and investments, so you don't 100% rely on blockchain staying healthy? From what I've read so far I find it hard to believe blockchain has a permanent future, with tech like the tangle on the market. Can't help but think one day the biggest non-miner bitcoin investors will swap over to the tangle, or some other new tech, creating seemingly insurmountable sell walls, causing the new bitcoiners who's just after a quick profit to sell as well, and starting a complete crash of the blockchain alltogether. Though I'm not expecting it any time soon, and it might very well be my paranoia speaking.

Lastly, I'm not seeing any referral links in this thread. Apparently both the parties get a reward during referrals, so if anyone needs one then you can use mine: https://bulltoken.tech/PreRegister/Register?refCode=2f7678e2009afb1ec641

Xytech! Thanks for getting in touch with us. So let me start by saying welcome to the community! Cryptocurrency community, that is. Hopefully soon, you'll be joining ours too. BTW, I also have invested in IOTA, and by no means does that translate to a non-belief in the future of blockchain

Ok, so I'll start from your first question, How well can we possibly do if we only reach phase 1, which results in product guarantee?
--- First, I want to just commend you for getting that far into the details. Even though you're a "new" investor, we'd be honoured to have you as a member of our community, with due diligence skills like that!

To answer your question, the project will absolutely still do well in the off-chance event we only reach the phase1 product guarantee line. At the time of writing my ICO prologue, I had an idealistic vision of how I wanted to run the marketing campaigns before the pre-sale. We honestly held out as long as we could trying to reach members of the crypto community via non-mainstream tactics, but humans have this sort of innate quality to not want to make a move if they are the first ones to do so. Try to google "how to start a movement" and that's a PERFECT example of how we as a species act. I hope I don't offend anybody, but humans are pack animals by nature. Nothing wrong with that! And although our thread hasn't had TONS of traffic yet, which btw ICOs manipulate by hiring bitcointalk thread posters, we have received an overwhelmingly high rate of positive feedback about the BullToken project. Actually, the only negative feedback we've gotten is from Facebook trolls putting silly comments on our ads. Bulls--t token, things like that. So all in all, we know we've done a good job, and it's just a matter of time

I have not given up on my first "idealistic marketing strategy", it just takes longer than a "normal marketing strategy" to execute correctly. "Normal marketing" is btw active and ongoing until the end of the ICO mainsale! The last thing I'd like to mention about our marketing strategy, we have a few tricks up our sleeves, and once those are disclosed, its like a domino effect. I see BullToken as 2017/2018 ICO sleeper of the year! Just wait, you'll see

Having said that, we did have today/yesterdau (it's now tuesday 03:15 dec 5th) over 2000 pre-registered ICO investors. How many of these investors will actually invest? Nobody knows. Will you invest? I hope so!
But once I activated our marketing campaigns, traffic started flowing, and since then, 2000+ people filled out 2 pages of information to be ready for the pre-sale, just like you did to access your referral code. So we are not worried at all about only filling phase 1. And as you stated, this will change as the project nears the mainsale anyway. This I promise you! As the CMO, I won't rest until I've filled the entire project hardcap. Today I got into the office at 5am, and now I'm still here almost 24 hours later, and expect to be back in my chair tomorrow morning at 8am. As long as there is something to do, this entire team is dedicated to making sure it gets done! I have a 2 week vacation coming up soon, so I'll rest on the plane

As far as the blockchain dying, and our chances of survival if that happens?
--- I'm willing to bet my life that Blockchain technology is here to stay for a long long long long time.

But, because here at BullToken we appreciate honesty and transparency, I'm going to give you an honest answer to that question(which today is probably very far fetched).
Will we survive if the blockchain crashes and dies? I think if any blockchain based project could do it, it's BullToken. But, how could we? In the unlikely event that happens, we're also looking at the vast majority of our underlying assets also disappearing into thin air. Having said that, if the blockchain is showing signs of withering away, I don't believe something like that can just suddenly happen overnight, and we would definitely adapt as a community to whatever changes are happening in the cryptosphere. So I'm going to officially say, yes we would survive. I think our community would do everything in it's power to survive a drastic landscape change like that.

Xytech, I hope I answered your questions well enough, and I hope everyone here uses your referral link! Thanks for your great questions! Very unique, and obviously well thought out. You're not paranoid, just trying to soak it all in and process the vast amounts of new info

Take care, hope to see on the BullToken Community Platform! Any more questions, shout em out!

Best Regards,
Louie

[spudsintegers]

Does anyone know what will happen with the tokens that wont be sold?

[louiepro]

Does anyone know what will happen with the tokens that wont be sold?

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

[Charles T.]

Bulltoken: Attending the best ICO´s

[Pacificbit]

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.

[louiepro]

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.

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

[louiepro]

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

Louie

[Pacificbit]

Hi Pacificbit!

...

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

[phexchanger]

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

[Pacificbit]

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.

[louiepro]

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

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