May I ask who your competitors are and what you are doing differently?
Cryptocurrency is a very crowded field, and there's a lot of projects with similar tech to ours.
What's different about Bolt is two major things:
- For Producers. Other projects focused on production are usually raising money for a specific business venture. Bolt is about completely rethinking how Producers are funded and new products are created: specifically, through grants followed by selling product for BLT instead of through raising funds from investors.
- Focus on Governance. Most ecosystem/platform based cryptocurrencies address governance as an afterthought. Bolt has a primary focus on governance. Bolt's ecosystem is designed to allow individuals to make local decisions while coordinating action on a larger scale, all in a decentralized manner (DAO->DFOs->Miners, Sponsors, and Producers).
These two combined allow Bolt to build a future economy for Producers while being able to rapidly adapt to new circumstances.
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?
Yes, it will be extremely simple. Make sure you sign up at
join.bolt.bz to get into the affiliate program as soon as the closed beta is available. We're fortunate to have team members who have extensive experience in UI design and usability which shines through all our existing sites.
Besides the affiliate program, there may be other ways to passively and actively earn Bolt in promotional programs. Make sure you sign up to get access; most of these programs limit the top level to people who have previously shown an interest in the project by signing up.
Does BOLT have any big partners? If so, who?
In general, we are not focused on partnerships. Big partnerships are great for getting a temporary boost to a project but usually the other partner exploits the project to service their own needs to the detriment of the community.
That said, we have several undisclosed partners we are working with who are providing advice and other support. Some of them may make public statements in the future about Bolt. Since Bolt is a community project we need to attract enough members first.
Is Bolt a utility or security? Can U.S. investors participate?
Bolt does not have any intrinsic value, is not backed by anything, and does not offer any profit or rewards. We are not looking for investors.
US citizens can certainly participate in several ways:
- Mining BLT.
- Founding DFOs.
- Sponsoring DFOs, although care needs to be taken to make sure such transactions don't violate money transmission laws.
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?
Our core community is now at 50 members and growing; you're also welcome to join! We've had 3 different developers contribute code to the project which you can see on our
github. Many of the initial founding team members are listed in the
Bolt whitepaper although several are not listed because they joined recently or wish to remain anonymous. We have scientists, engineers, statisticians, economists, as well as members with previous experience with tech and crypto startups.
Bolt really is a unique project. We're radically rethinking how Producers should be funded and how new products should be brought into the world. It's the kind of project that was inconceivable before the blockchain was invented and wasn't possible until recent technological advances in blockchain that have occurred over the last 5 years.
