An exciting project coming out of South East Asia

Blocnation — World’s First dICO Launch Party

The worlds first Decentralised Initial Coin Offering (dICO) powered by the Komodo Platform will be starting its crowdfund on the 17th of April 2018. The execution of this dICO will finally show off the atomic swap technology that the Komodo team has been working on and lay the foundation for future dICOs on the platform.

What is BlocNation (BNTN)?

BlocNation will be its own decentralised blockchain powered by its BNTN token cryptocurrency. It is looking to provide an alternative payment option for emerging markets within the lifestyle ecosystem. They are partnered with PouchNation, which is a leading cashless payment provider for events throughout South East Asia. The BNTN token will be used primarily as a way to manage purchases for and during these events.

PouchNation

PouchNation provides the backbone of an event by organizing the ticketing, venue, branding etc. while also providing a cashless payment system for guests with a wristband at the event. It has been an established business since 2012 and provides services to 9 countries within South East Asia. Feel free to check out their website to see some of their past events.

By utilizing the business partnership with PouchNation, this will be a cryptocurrency with an immediate use case for events throughout South East Asia. There are too many tokens right now with zero use case and functionality that provide no real value. BNTN will provide immediate value for event goers in South East Asia and have an already established PouchNation user base.

BlocNation Lifestyle App

The mobile app will be the BNTN token economy hub and will also provide the option for storing and trading other tokens through the use of Komodo’s atomic swap technology. The app will be essential for BNTN top ups, ticket purchases, venue stays and cash back. It will also provide an easy way of transferring BNTN to and from the PouchNation wristband. The planned app launch date is in Q2 of 2018 which means we will not need to wait very long to see it in action.

Team, Advisers and Partners

The team, led by CEO Graeme Perkins, is quite small, so it will be interesting to see how they allocate their crowdfunding to expand their team. Graeme is the co-founder of PouchNation so it is good to see he has already helped lead an already thriving business.

Notable advisers include Ben Fairbank, who is the general manager for the Komodo Platform. Another is Reuben Yap, who is the the COO at Zcoin. Zcoin is already a high market cap cryptocurrency with a very strong community. This is a great adviser for a start up in this space.

As well as PouchNation, they also have a partnership with Vietnam Backpacker Hostels. Backpacking and staying at hostels is very popular in Vietnam and this partnership gives more transaction value to the BNTN token itself.

Token Metrics

Below are the token metrics obtained from the BlocNation whitepaper. They have an ambitious funding target of $30,000,000. You will be able to obtain the tokens cheaper if using KMD (Komodo) on the initial sell stage. After that, LTC, QTUM and BTC are also accepted.

For more information on the dICO, you can read their whitepaper on the official website here and join the telegram for updates here