Summary

Symbol BLN

(BLN also known as Boleno is a ERC20 Token)

Pre-sale :22nd Jun 2017–14th Jul 2017

Crowdsale opening date: 15th Jul 2017

Crowdsale closing date: 14 Aug 2017

Region of focus: Africa

Platform for the ICO: Etehreum

Who should Invest?

This token is not for those who are doing pump and dump trading and also not for an investor who want to invest in a alpha ready product. It is for an investor who does more due diligence, talks to the ICO founders and believes on the value proposition that they get from an ICO investment and go based on their gut feeling than pure speculative buying. This is so because their product is still in active development, and very less information is available on the Project website and whitepaper beyond the mission statement, ICO details and the key components of the platform.

Value Proposition

Investment in BLN token for all investor is with expectation of potential upside when it start trading. That’s the basic one which applies to all investors in nearly all ICOs. Also, token holders will be able to own and use payment cards, token card and gold cards when the platform is ready. However, the Bolenum exchange as a future business entity will be able to issues Shares in the future and admit new shareholders. Holders of BLN will receive right of first refusal invitation to participate.

Key Highlights

Problem

People in African continent, are missing out on the huge opportunity that cryptocurrency presents for wealth building and supporting new and better technologies. While some small marketplaces have sprung up to attempt to increase access and allow a venue for African fiat to be traded, they do not yet provide the scale or level of security and convertibility that this market needs to be fully integrated into the cryptocurrency trading world.

Vision

Africa needs information and access, on a large scale and immediately viz a viz growth opportunity, financial mobility and technology access and that is exactly what Bolenum aims to provide.

Overview

The Bolenum project will provide the first Ethereum based token and exchange system that is explicitly aimed at increasing African participation in cryptocurrency.

Platform

The main aspects of this project are the Boleno tokens, the innovative and secure exchange system, and a flexible wallet system. Bolenum will support two different kinds of trades:

1st, BLN/Crypto based on smart contracts (i.e. similar to EtherEx)

2nd, a smart contract-powered escrow-secured p2p BLN/FIAT exchange similar to localbitcoins.com but trust less.

Boleno token

The Boleno token or BLN will serve as the currency of the Bolenum project.

Bolenum exchange

The Boleno tokens will also be able to be traded on third party cryptocurrency exchanges as well as the Bolenum exchange.

The Wallet System

Bolenum will provide a Bolenum wallet that is fully compatible with the Bolenum exchange and that allows for easy withdrawal and purchase of tokens.

Revenue

Revenue for the project will be majorly fees and also consulting services when they are firmly established.

Challenge

It’s been a very exciting time for the crypto industry. However, the competition is very stiff and securing the right resources, especially human capital is challenging. Again, since the crypto and blockchain technology is constantly evolving, Training and development of existing tech knowledge pool tend to have a longer curve which impacts on certain project deliverables.

Tokensale

Sale rules

The Boleno token presale will open on the 22nd of June 2017, at 00:00 GMT and will conclude with the beginning of the ICO which will open on the 15th of July 2017, at 00:00 GMT. It will last for one month and will conclude on the 14th of August 2017. Participation instructions will be posted on that date on this page.

A fixed total of 10,000,000 Boleno tokens will be created and no more will be created after the end of the ICO. Of this number, 50% (5,000,000) will be publicly offered during the ICO and later put in circulation. Only during the ICO, the Boleno token will be issued at a fixed price of 0.02 ETH.

To purchase the Boleno tokens, you can send an amount of Ether equivalent to the amount of tokens you desire to purchase to their contract accompanied by the Ethereum address to which you want the tokens to be transferred. The results of the ICO, including how many tokens were sold, will be fully reported on website after its completion.

Upon completion of the ICO, all funds raised through the ICO will go towards the development of the project. This includes the product research, development, launch and the associated overhead costs, and finally the necessary promotion and marketing in the African continent and globally.

For more details contact email address contact@bolenum.com .

Q&A With Founder & CEO Mani Robson

Is any part of the POC or UX for Bolenum Project is ready or is it concept stage.

A: This is proprietary information that cannot be shared at its current stage. The alpha product is under development and updates will be published on the Bolenum website at appropriate time

Can I get more details of the team, this is not reflected in the Whitepaper

A: Apart from the core team mentioned in Team section other advisers and consultant provide different services to the project on a need basis. This covers the areas of media, promotion and marketing, editorial, human capital, communication etc

I see almost 100% of the raised capital will be used for adminstration and growth of the Bolenum project, can you please share a more approximate breakdown as to how much in what area you want to invest

A: Allocation of resources is dependent on the total available funds at the end of the ICO exercise, in addition to funds that may be utilized from equity of the promoters. Funds raised will be used for development of the project, acquisition of users to the platform, training and education, research and development, capital overheads etc. Also, the Bolenum Project may approach the investing community for further fund raising as its business needs may demand. As expected, public information shall be provided when such need arises.

Is there any vesting period for a part of the capital raised to make sure that the development team is committed to the project

A: Bolenum provides appropriate reward structure for all its team members to ensure long term commitment of its Human Resources to the development of the project. Employee compensation is tied to the long term success of the project.

What is your long term roadmap for the project e.g 1 Year or 2 Years and the current state of the project, that is not mentioned in the white paper

A: The road map for the project shall be published on our website. However, the immediate goal is to deliver its first project within 6 to 9 months. The first project is the development of the Bolenum Exchange. In the future, The Bolenum project plans to have a a versatile blockchain research department that would focus on further products development in the areas of its own public blockchain, token and gold cards for local and cross brother payments, and collaboration services etc

You have mentioned Exchange & Wallet system so what will be the mode, will it be a web App or a Mobile App?

A: The Bolenum Exchange shall provide a wallet service embedded its exchange initially. Subsequently a web and mobile wallet shall be provided at appropriate time as the need arises. Scalability of its product offering is paramount in the future development of the project.

Is there a foundation or registered company for the project or is this a open source project, if so please let us know where it is registered and what is its legal status

A: Currently, Bolenum Project is a fintech development entity conceived to provide collaborative open source research and product development tailored to specific needs. It’s promoters consist of people with wide experience in the fintech business, with other business interest in entities registered in Europe and Africa. As an evolving organization that will have a global impact, the Bolenum project shall engage people from all works of life with skills to actualize its objectives. In due course, More information shall be provide on various official channels of the Bolenum project.

People from which geographies can participate in the ICO if you have any specific limitations, if so please elaborate

A: There’s no restriction to anyone participating. However, investors are advised to determine their eligibility status as may be necessary in their respective domains.

What is the wallets using which people can buy the ICO and what other things people should take care of

A: The Bolenum Project recommends using myetherwallet and IMToken wallet for the Boleno BLN tokens . These wallets are very versatile and simple to use. Once you send Ethers from these wallet to the Bolenum contract address, the Boleno BLN tokens are returned instantly into your wallet.

With which exchanges are you planning to enlist Boleno tokens, any early indicators will help

A: Boleno BLN tokens shall be traded on CryptoDAO exchange from 15/08/2017. We are in contact with 5 other exchanges for listing. More announcement shall be made in due course

What are the challenges you are facing and experiences you are having as part of this project?

A: It’s been a very exciting time for the crypto industry. However, the competition is very stiff and securing the right resources, especially human capital is challenging. Again, since the crypto and blockchain technology is constantly evolving, Training and development of existing tech knowledge pool tend to have a longer curve which impacts on certain project deliverables.

When was the idea for Bolenum project came and what motivated you to embark on this project & the ICO

A: The motivation for the project is borne out of the lack of adoption and access of cryptos within the African continent. The project aims to bridge the gap of knowledge and utilization.

Bolenum Project Incubation

Bolenum Project is a project vehicle that’s is sponsored by Temple & AegeanDas limited of which I am the CEO.Temple & Aegeandas Limited is registered in the U.K. with company house. The mailing address is Kemp House London. So Bolenum Project being the brainchild of Temple & AegeanDas Limited uses the resources of its parent company. The article is in order. Temple & AegeanDas Limited is also registered in Nigeria.

All IP and code developed as part of Bolenum project will be with Temple & Aegeandas Limited as Bolenum Project is one of its projects.

Roadmap

The immediate goal is to deliver its first project within 6 to 9 months. The first project is the development of the Bolenum Exchange. In the future, The Bolenum project plans to have a a versatile blockchain research department that would focus on further products development in the areas of its own public blockchain, token and gold cards for local and cross brother payments, and collaboration services etc

In the future Bolenum will revolve into a foundation like Ethereum to be based in London as its head office With possible offices in Nigeria, Ghana, Egypt, South Africa. The growth trajectory is such that these offices will serve as coordinating nerve center of future growth

Team

Core Team

Mani Robson: Founder, Leader,CEO

Mani has more than 18 years in business covering sectors from IT, finance, asset management, real estate and hospitality. He has worked internationally with HSBC and with Standard Chartered Bank in Nigeria. You can find Mani on LinkedIn.

Linkedin

Nour Haridy: Technical Director

Nour Haridy is a full stack java engineer with experience in the Ethereum ecosystem. He has been involved with similar project in the past and he is also on LinkedIn with same name. His profile also can be found on Github.

Linkedin

Much of the team is distributed with Mani based of Nigeria, Nour based out of Egypt and other contributors based out of various parts of the globe.

Conclusion

If you are looking for a different perspective then I suggest you look at this link. But I have developed a bias and with good reason. It all started when in a different forum I was talking on Eterium and I met Mani and with his Technical knowledge on Eterium and his business acumen impressed me and I chat with him. Now it was after further discussion I came across this project and realize the great potential this project has. Without doubt in the current state there many red flags raised about the project and there is lot of work to be done and hence to any potential investor in this ICO, like few other ICOs this project is in its initial phases and do not even have a alpha product. Also there were lot of questions raised in various forums if this project is genuine or not. After a detailed discussion with Mani and understanding the project potential and their reasons in not including more technical details, I believe that they mean business.

Now when as an investor when you invest in any ICO I have seen either they do so in fear of loosing out or if they like the idea. But as a knowledgeable I suggest you to do your due deligence and connect with founders at https://t.me/joinchat/AAAAAA1HRcwGW04wye1a-g or contact@bolenum.com .

For now the value proposition for any investor who participates in the ICO is the chance to trade this token in other exchanges as the tokens will be added to the larger exchanges beginning after the conclusion of the ICO. Also if you are in any way from Africa and if you are investing in Africa then this cyrpto currency can be a very attractive vehicle to trade in various African fiat currencies and also future Africa centric Crypto investments once their exchange is ready.

Reference

More on the project: http://bolenum.com/

Their White Paper: http://bolenum.com/whitepaper.pdf

Their ICO: http://bolenum.com/ico.html

Telegram: https://t.me/joinchat/AAAAAA1HRcwGW04wye1a-g

Disclaimer: This is not investment or trading advice, always do your own independent research.