What is the value proposition of BOLT?
Existing access to entertainment has too many middlemen.
Excessive mark-ups lead to higher costs for end-users & lacklustre incentives for content partners.
An opportunity to decentralise:
Currently, 30-40% of revenue that goes through telco providers are lost as an entrance fee for BOLT to bill customers through a telco payment gateway. Furthermore, telcos require a minimum price point of USD 0.10 to process payments, which exposes a market gap where users are not able to access BOLT due to insufficient mobile credit balance.
Partners get compensated instantly by tokens they accumulate through user transactions within the BOLT ecosystem, instead of awaiting for 120-day payment terms from payment gateways.
Increase utility value of BOLT Tokens vs fiat micro-transactions:
BOLT would further encourage users to use BOLT by applying discounts for users who use the BOLT Token to purchase services, instead of using fiat payments.
BOLT is in the process of working with Community leaders and advocates to act as a distribution channel for BOLT Tokens to the great community to allow for adoption of the BOLT service. Community leaders and advocates will also initiate activities involving the BOLT Community to drive awareness and engagement.
Bundling BOLT Tokens with telco data bundles:
To increase BOLT user base amongst the masses (i.e. anyone purchasing a data plan), BOLT would also be working on bundling deals with telcos, to encourage Bolt Token usage across the service.
The BOLT token
Total supply: 1 000 000 000 tokens
Token symbol: BOLT
- 40% (400,000,000 BOLT Tokens) will be allocated to the Token Generation Event;
- 15% (150,000,000 BOLT Tokens) will be distributed to BOLT Research. BOLT Research as a separate entity will lead future research and development of BOLT. It will also spearhead the marketing and community engagement and support for BOLT’s future development. The vesting period is going to be 3 years with 33.33% vesting every year on a quarterly basis.
- 20% (200,000,000 BOLT Tokens) Strategic & Content Partners;
- 20% (200,000,000 BOLT Tokens) The BOLT team is responsible for the initial vision, design, implementation and rollout of BOLT. The vesting period is going to be 3 years with 33.33% vesting every year on a quarterly basis.
- 5% (50,000,000 BOLT Tokens) allocated as rewards for BOLT Community Contributors