[ANN][BLT] Bolt: The currency for producers. ***JOIN NOW**

[tunnel]

This is a good project, with a great idea. Can we meat the team members? Did they already do comon projects?

Yes you can! Come join the chat on Discord to meet the team and say hi. Our team is highly educated with a diverse graduate level education in business, economics, art, governance. We are also fortunate to have three highly skilled developers already working on the project. Several of our team members have previous experience with technology and cryptocurrency startups.

This is really a great thinking about the future generation.Great project. I will participate and advise everyone. Thank you and good luck in your work!

One of the great things about Bolt is when you are contributing, it's really building the actual future economy rather than just another speculative bubble. We all believe it will have a huge impact on the future. Now's the time to get on board, sign up at join.bolt.bz if you haven't already!

Im not a member of discord... and dont like facebook, twitter and other socialmedia. Website and this forum only, I'd like to see the team in ann

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[bolttoken]

This is a good project, with a great idea. Can we meat the team members? Did they already do comon projects?

Yes you can! Come join the chat on Discord to meet the team and say hi. Our team is highly educated with a diverse graduate level education in business, economics, art, governance. We are also fortunate to have three highly skilled developers already working on the project. Several of our team members have previous experience with technology and cryptocurrency startups.

This is really a great thinking about the future generation.Great project. I will participate and advise everyone. Thank you and good luck in your work!

One of the great things about Bolt is when you are contributing, it's really building the actual future economy rather than just another speculative bubble. We all believe it will have a huge impact on the future. Now's the time to get on board, sign up at join.bolt.bz if you haven't already!

Im not a member of discord... and dont like facebook, twitter and other socialmedia. Website and this forum only, I'd like to see the team in ann

The team is in the whitepaper, you can download it at bolt.bz/whitepaper

[Dreaming]

Is it possible to contribute to Bolt financially?

Of course! Starting this fall community members will be starting the first non-profits. Pick which one you want to support and earn rewards in BLT. If you want more info message 4bolt or Josh in the Discord chat.

How will the miners be paid?

Miners aren't "paid." Bolt tokens have no intrinsic value, aren't backed by anything, aren't securities, and don't promise the holder any benefits or future profits.

Miners can earn BLT rewards when they provide Producers with goods. Once the Producer receives the goods, they send the BLT to the Miner.

Miners can also earn BLT through the affiliate program. You earn BLT every time someone you invite finishes registration. You also earn a percentage of their earnings. However, the number of people who can enter the top level of the affiliate program is limited, so you should sign up at join.bolt.bz now to be notified as soon as the closed beta is available.

They're "paid" in BLT, same as any other miner is "paid" by whatever cryptocurrency they're mining.

[joblessminer]

Have you consulted with any economists on your model?

[okspam]

How many ways are there to acquire Bolt? I see you can mine it, any other ways?

[bolttoken]

Have you consulted with any economists on your model?

Several founding members have a background on economics, econometrics, and statistical modeling. Check out the whitepaper for more details.

How many ways are there to acquire Bolt? I see you can mine it, any other ways?

There are many ways to earn BLT.
- Mining BLT
- Bounty and promotional campaigns
- Sponsoring DFOs
- Working for DFOs
Sign up and get notified as these become available.

[celestio]

Is the name based on the fact that you have very high transactions per second? (Isn't Ethereum only like 20 vs. your 7000?)

[bolttoken]

Is the name based on the fact that you have very high transactions per second? (Isn't Ethereum only like 20 vs. your 7000?)

Yes! We picked the name Bolt because the word has several meaning closely related to the project. The different meanings of Bolt refer to speed, security, scalability, and production.

[Dreaming]

What would you say is the biggest advantage of using blockchain for this?

[bolttoken]

What would you say is the biggest advantage of using blockchain for this?

We considered using a centralized ledger. Using a decentralized database offers several advantages:

• Distributed organizational structure. With a centralized system, one organization (probably a foundation) would be responsible for the entire system. With blockchain, the community can give organizations grants without them relying on a central foundation that is vulnerable to political, legal, and cybersecurity threats among others.
• Freedom from censorship. A centralized organization would be pressured to restrict who they are giving grants to. Since Bolt is decentralized, the community can directly decide which projects to fund, even if the original founders disagree or are under pressure.
• Protection of anonymity. Multiple fintech companies outside of blockchain are consistently forced to destroy the privacy user's expect. On top of that, centralized systems with closed-source code are highly vulnerable to hacking attacks as brought into focus with the theft of data from credit rating agencies.
• Community governance. A distributed system of governance has several major advantages for Bolt. First, it give the community an investment in the project. Second, it allows the project to grow much faster than it could otherwise. Because Bolt is decentralized, anyone can start their own DFO and start offering grants.

Blockchain based systems do have major disadvantages, the biggest of which is transaction fees, speed, and scalability. That's why we're using the Block-Lattice; it is a gigantic improvement on previous technologies for projects like Bolt by making transactions feeless and essentially instant. The other disadvantage, public visibility of transactions, is resolved with the future tech of the Diamond Lattice.

[Crypto_Man1212]

Will there be an Airdrop? Have you considered it?

[joblessminer]

What country is your company based out of?

[Dipsomaniac]

Has your project been featured on any news sites or shows?

[Dofus]

Where can I get the most up to date news on this platform? Twitter?

[bolttoken]

Will there be an Airdrop? Have you considered it?

No airdrops. However, there will be lots of bounty campaigns to easily earn BLT.

What country is your company based out of?

Bolt is not a company, we're a community. Most of us are located in the USA. We're planning to bring the first physical presence to Austin, TX.

Has your project been featured on any news sites or shows?

No. This ANN thread is the first public announcement of Bolt.

Where can I get the most up to date news on this platform? Twitter?

Sign up at join.bolt.bz to get the most recent updates. You can also join the Discord channel.

[TheROBER]

May I ask who your competitors are and what you are doing differently?

[HerrHeimlich]

I really like the affiliate program. I think it will go a long way in trying to market this project and get more users engaged. Is the process for inviting simple?

[bit-joker]

Does BOLT have any big partners? If so, who?

[xoof]

Is Bolt a utility or security? Can U.S. investors participate?

[earthcoin]

This project looks unique. I am wondering how many developers and team members you have working on this project and when you expect it to be complete?