Dear Bigbom Contributors,

In the past few days, we have been working incessantly with our partners and connecting with new exchanges. We are vigorously building up our team to accelerate product advancement and business operations following our roadmap.

The global online advertising market ($ 269 billion market capitalization in total) has a lot of potential for blockchain application. There are over 10,000 platforms and different global advertising companies operating in a centralized market that may be short of transparency, contain payment risks and make advertisers worried about their advertising efficiency. Meanwhile, according to our statistics, only fewer than 1% of companies or ads platforms are applying blockchain technology into their systems at the moment. This is a great opportunity for Bigbom. We will build up and expand the ecosystem to make Blockchain more accessible to the market.

Last week, we held our Crowd Sale, which sold out ahead of schedule, in roughly 48 hours. This was quickly followed by the Token Unlock, and subsequent listings on IDEX and Hotbit.

However, in the past days we have experienced a significant decrease in the price of the BBO token. After diligent investigation, we have identified that the main reason for this decrease in price is not from most of our contributors but it is rather an isolated case relating to one significant fund. Due to their internal disruption, they were selling BBO tokens below even their own purchase price even that they have incurred significant loss. Unfortunately, we had not seen this coming to prepare in advance.

Although we can not influence the actions of investors and traders, we understand that this has an effect on the investors in our Token Sale. After carefully considering many solutions to support the market, we have decided to allocate 1,000 ETH to a Buyback Program. The buyback program consists of several stages.

The first stage will be completed within the next 10 days, and will have Bigbom Eco purchase 500ETH worth of BBO tokens from the market. This means that on average we will allocate 50ETH per day to buy BBO tokens at the applicable market rate, with a maximum of 0.00005 ETH per token. Regular updates about the process will be shared on our Telegram channel. Again, we would like to thank our community for their support. We genuinely hope that we continue to receive more support from you all to make Bigbom grow stronger in the long-term.

Thank you!

Vung Nguyen

CEO of Bigbom