Listen to this articleTo learn more about the Bullcoin Gold, we sat down with the Founder Nicholas Foo.
Q: How did you come up with the idea for Bullcoin Gold?
A: The cryptocurrency market is booming these few years but I saw that there is still a tremendous room for growth in this space. The cryptocurrency market is very volatile when compared to other asset classes, with high gains and huge dips part and parcel of the cryptocurrency market. This market is still largely unregulated which makes it easy for scams like Bitconnect and Confido to proliferate. New investors may lack the time, expertise and experience to maneuver times of uncertainty and to differentiate legitimate projects from scams. Therefore, I saw the opportunity to assemble a strong investment team made up of current and past fund managers to help newcomers to cryptocurrencies to maximize their returns while minimizing their risks. All members of the team are part of the Bullcoin Foundation. With the issuing of Bullcoin Gold (BCG), the Bullcoin Foundation will build the investment fund to leverage on the cryptocurrency market and bring about mass adoption of cryptocurrencies.
Q: You’ve recently launched The Bullcoin Gold ICO; could you tell us something more?
A: The Bullcoin Gold ICO launched on January 20th 2018 and will run through February 20th 2018. ICO tokens will be sold at 20% off the market price. A hard cap of 5 million tokens will be available during the ICO. In total, there are 21 million BCG tokens, issued through the Waves platform. There will be no additional issuance of BCG in the future. Remaining tokens after the ICO will be sold through various channels at market prices.
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Q: Why did you choose the Waves platform to launch your token distribution?
A: The Bullcoin Foundation has chosen the one of the fastest and the most decentralized blockchain platform, the Waves platform to launch their token distribution. The Waves platform is an outstanding platform that adheres to the principle of decentralization.The Waves Wallet is currently available in a number of devices including Windows, Mac OS, Linux, the WavesLiteApp Chrome browser add-on, the IOS Waves Wallet app, and the Android Waves Wallet app.
The availability of the Waves Wallet in these different devices is a step towards mass adoption of cryptocurrencies and a key to the success of the Bullcoin Gold project.
Scalability is a concern for any blockchain that aims to be enterprise-ready, and yet few crypto platforms have addressed this satisfactorily. Bitcoin currently struggles along with a capacity of around 3 transactions per second, with Ethereum managing 5 transactions per second.
Obviously, such throughput is not enough to support the mass adoption for which Waves was designed. With the release of the new consensus algorithm update, Waves-NG, the Waves platform is capable of supporting more than 100 transactions per second with low commission fees. This is far superior to most of the existing blockchain platforms whose transaction speeds are slow and transaction fees are high and rising. With further upgrades in the future, it would bring the transaction speed to around 1000 transactions per second.
After analyzing the various options on the blockchain industry, the Bullcoin Foundation
has chosen to launch their token distribution through the Waves platform due to the many advantages that the platform gives to the Foundation and to the token holders.
Q: What do you think about the future of cryptocurrencies?
A: Cryptocurrency is the fastest growing asset class in the world. As of 1Feb 2018, the market cap of all cryptocurrencies combined is around 505 billion US dollars. Nevertheless, there is still a lot of room for growth as more and more people invest in cryptocurrencies.
When compared to the cryptocurrency market, the market cap of gold is more than 15 times bigger, the global stock market is more than 400 times bigger and the global derivative market is more than 1000 times bigger. It is evident that the cryptocurrency market cap is tiny when compared to other asset classes. We can expect the cryptocurrency value to grow exponentially when it goes mainstream in the coming years and when institutions and businesses adopt blockchain technology. The great underlying potential bodes well for the Bullcoin project which mainly invests in cryptocurrencies. With greater adoption of blockchain technology, more funds flowing in from institutional investors and private investors into the cryptocurrency market, active marketing and advertising of the Bullcoin Gold brand, exceptional performance of the BCG investment fund, the Bullcoin project team is confident that Bullcoin Gold will become one of the most valuable cryptocurrencies in the global market.
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Q: What is your marketing strategy?
A: Blockchain technology and cryptocurrencies are still in the infant stage of adoption. To bring about worldwide adoption of Bullcoin Gold, the Bullcoin Foundation will leverage our network of translators, various social media platforms and payment platforms globally.
In addition, we will do marketing and advertising on the following channels.
Targeted advertisements across social media platforms such as Facebook, Twitter, LinkedIn, etc.
Worldwide press releases
Postings on cryptocurrency blogs, forums, and several online communities
Listing on ICO directories
Video promotion on video marketing platforms such as Facebook and YouTube.
Reach out to Youtubers with huge subscribers to help spread the news about the project.
Q: What are your plans for 2018?
A: For 2018, the Bullcoin Foundation plans to get a crypto hedge fund licence to further boost investor confidence in Bullcoin Gold. We would also expand our marketing to the Chinese, Japanese and Korean markets. The Bullcoin Foundation is in the process to list Bullcoin Gold on various reputable cryptocurrency exchanges. This will make Bullcoin Gold even more accessible to the investors. We believe 2018 will be a great year for the Bullcoin Gold project and for the cryptocurrency market.
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