Bull always feels like a great title, doesn’t it? The intangible confidence that ‘being a bull’ provides, especially in the crypto market, is one we’re all too familiar with. But the term can be part of a broader package too. And Bull Perks seems to be doing something just like that.
Bull Perks is a decentralized venture capitalism community and launchpad with multichain functionality. The platform aims to provide users with access to exclusive projects that would otherwise be unavailable to the average trader at ground floor prices. Bull Perks strives to foster inclusivity by providing holders with a variety of investment tier alternatives.
BullPerks encourages their community to vote on their investment selections in order to assist them in choosing the best projects. While BullPerks will concentrate on finding the next unicorns, users will have the opportunity of supporting the project of their choice.
BullPerks was founded by Eran Elhanani and Constantin Kogan. Elhanani is also the founder of Part One Capital, a crypto investing firm that specialises in DeFi, NFTs, and protocols. He’s also worked as an advisor on a number of crypto ventures, including Liquidifty, Bakerdao, and others. Elhanani is a seasoned angel investor and venture partner in a boutique VC firm and he holds a BSc in Medicine, Computer Science, and Mathematics.
Kogan is a partner at BitBull Capital and has been an entrepreneur and digital asset investor since 2012. He has over a decade of corporate leadership experience in the technological and financial areas, and is a massive supporter of blockchain technology. He has also worked as former Managing Director at Wave Financial. A PhD holder in sociology, Kogan has co-authored 3 research papers and also holds the position of contributing writer at CoinDesk, CoinTelegraph, Bitcoin Magazine, Tech Radar, AltCoin Magazine, Securities.io and Hacker Noon.
The rest of the BullPerks team, including the CTO, CCO, and everyone else, is dedicated to the project and is united by their shared passion for blockchain, cryptocurrency, technology, and finance.
How BullPerks Works
Unlike most venture capital firms that have evolved into exclusive clubs, BullPerks provides equitable access to investment opportunities for anybody interested in blockchain projects and startups. As a result, everyone, not just venture capitalists and angel investors, can contribute to project funding.
The platform uses an equity-based investment model to ensure that investors’ interests and returns are sufficiently protected and because BullPerks is always on the lookout for new blockchain ventures, there is room for everyone. They also have a thorough awareness of the applicable regulatory standards, which has resulted in the creation of a safe investment platform for next-generation blockchain startups.
Individuals who are interested in investing in various projects have a variety of options. To participate in the platform, they must first purchase BullPerks tokens ($BLP tokens). After purchasing the requisite number of BLP tokens, customers can select the tier that best suits their strategy.
Token Tier Investment System
The holders of BLP tokens are separated into four categories. The following are the tier groupings and allocation breakdowns:
- Bronze bull
The Bronze Bull tier is the entry level for investors, requiring only 500 BLP tokens as an initial investment. Bronze Bulls, on the other hand, will only be able to purchase IDOs from the public sale on the BullPerks site.
- Silver bull
Users must have at least 10,000 BLP tokens to be placed in the Silver Bull category. The Silver Bulls receive a 20% allocation from deal three and a 25% allocation from deal four, totaling a 23.75 % allocation from the four deals.
- Gold bull
A minimum investment of 100,000 BLP tokens is required for the Gold Bull category. The first and fourth deals provide Gold Bulls a 50 percent allocation, while the third contract gives them a 30 percent allocation. This corresponds to a total allocation of 32.5 percent across all four deals.
- Titanium bull
The Titanium Bull category is the final tier. All investors with 200,000 BLP tokens have access to it. Titanium Bulls will receive a 50% allocation from the first, second, and third deals, as well as a 25% allocation from the fourth deal. For Titanium Bull investors, the total allocation from all four deals is 43.75 %.
BLP is the native token of BullPerks and its total supply stands at 300M. The token allocation is as follows:
- Treasury: 27.5%
- Liquidity and Staking rewards: 20%
- Token sale: 19.5%
- Team: 13% (1 year cliff and then 8.33% per month)
- Foundation: 10%
- Advisory: 5% (8 months cliff and then 8.33% per month)
- Operations: 5%
Every two months, the level and amount of tokens will be evaluated and perhaps altered based on price increases to make it easier for Bulls to migrate between Tiers and for new Bulls to join.
Funding and Investment History
The primary investors in BullPerks include MoonWhale, X21, Follow The Seed, GD10 Ventures, Shima Capital, Three M Capital, AlphaBit and BlockSync ventures. BullPerks recently completed its private funding round where they raised more than $1.8 million.
Milestones and Future Roadmap
BullPerks has a lot of excitement developments coming up and its IDO is set to be launched on June 14th, 2021. The IDO will be launched on three industry-leading platforms: ZeroSwap’s ‘ZeeDO,’ TrustPad, and BSClaunch. On June 14th, TrustPad’s IDO will be released, followed by BSClaunch and ZeroSwap’s ZeeDO on June 16th. BullPerks is also looking to integrate other chains such as Solana, Polygon, Tezos, and Cardano in the upcoming quarter.
With their IDO set to be launched soon and more new excitement coming up in the next quarters of this year, BullPerks will definitely be a game-changer and play a major role in the development of decentralized venture capitalism solutions for the larger community. This, combined with their multi-chain launchpad services have a lot of potential to transform the blockchain and crypto sector for better. To learn more about BullPerks, check them out on the BullPerks website, Medium, Telegram and Twitter.
Hitesh Malviya is the Founder of ItsBlockchain. He is one of the most early adopters of blockchain & cryptocurrency enthusiast in India. After being into space for a few years, he started IBC in 2016 to help other early adopters learn about the technology.
Before IBC, Hitesh has founded 4 companies in the cyber security & IT space.
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