AMA Session With BullPerks Co-Founders (August 2022)
BullPerks Co-Founders held another internal AMA on Telegram and provided exciting updates about the company’s upcoming plans and achievements.
BullPerks co-founders Eran Elhanani and Constantin Kogan were happy to hold another internal AMA on the Official BullPerks Telegram chat to update their users and crypto enthusiasts on all the news, plans, development progress, new partnerships, exciting features, etc. They also answered questions of the BullPerks community.
Couldn’t attend a live session? Not a problem! Find the full recap of the latest AMA just here below!
This group has been muted; If you find yourself unable to post, this is only temporary as we will be opening the group during the live session and finally after the AMA. In other words, you aren’t banned from the group; it is only muted for our internal AMA.
Let us welcome our Co-Founders, Eran Elhanani and Constantin Kogan, who are here to give exciting updates and answer all your questions later.
Hi, everyone! It’s a pleasure to be here with you all again.
Indeed, it’s been a while.
So it’s been a while, and we’ll give you some updates.
Let’s start with some good news from our marketing department.
BullPerks is ranked as the #3 launchpad by ATH ROI and Current Average Returns since IDO (ROI) by Platforms in USD on CryptoRank.io – one of the most reputable market analytics platforms.
We have been very busy behind the scenes – building, improving procedures, strategies, expanding, and more.
We have also built a very strong pipeline of projects waiting to launch as soon as the market is confirmed to be bullish. So hopefully soon. We have tried to refrain from launching in a lousy market.
Not too bad 😉
We have recently organized a crypto talk show BullCaster, which is quickly gaining popularity. We’re inviting top industry experts and remarkable personalities in the space to speak on our show.
In our previous episodes, you could see Cointelegraph CEO, Founder of CryptoBlades, Head of Strategy at Tafi, and others. We try to bring even more value to you, as well as build new strategically important relationships with top professionals that can become our future partners.
In our next episodes, you will see big investors, world-known NFT artists, and media personalities. Don’t forget to tune in to our next LIVE stream on Youtube at 3 PM UTC today. We invited the Founder of Polker, one of the top Play2Earn gaming projects, today.
We used a bear market to build essential connections with big media like Entrepreneur, Bloomberg, Cointelegraph, VentureBeat, and many others. So stay tuned to see BullPerks appear there!
We’re now focused on finding new monetization ways and plan to expand BullPerks as a crypto incubator: https://bullperks.com/incubation. If you know a project looking for incubation, don’t hesitate to reach out to our admin with suggestions or simply fulfill a form on our website.
We have developed a new feature called Lottery.
Basically, people will be bidding for NFTs at a fraction of those NFT costs on our marketplace using BLP tokens. I’m not going to get into the mechanics exactly, which will come up during the upcoming week, but the idea is that the bids will be with BLP tokens only, and a portion of the collected BLP will be burnt, and the rest will get locked in treasury.
This we hope will drive the token usage substantially in addition to the Launchpad, and we’re exploring additional use cases.
Now on the development side, to add to Eran’s message:
– We are currently ongoing an audit for our claiming contracts on Bullclaimer. As soon as the audit is finished and all the vulnerabilities found are fixed, we are planning to move all further token unlocks to Bullclaimer, as well as use it to lock our own tokens and liquidity.
– We are also working on integrating the Solana network with Bullclaimer. This is not an easy task. However, we are working closely with developers connected directly with the network and should have some good news soon.
By the way, if you find any bugs or are willing to assist in some efforts, we’re always eager to hear your feedback and suggestions. You can submit them here any time.
We are working on some more products, which we will share during the next AMA.
As you know, BLP tokens were released to all investors, and team tokens were extended, and we have no plans on releasing those or treasury, so we hope no big future dumps, and we can finally grow organically.
In addition, we are exploring new market-making strategies which will help us negotiate with some exchanges.
Now there’s another important topic we want to address.
Regarding our new rules protecting our community… Sharing it here just in case someone missed the announcement.
We had a lot of questions/comments about the StepWatch deal.
You may have noticed that we provided a refund for the World of Masters deal following the new regulations. I want to clarify a few things:
- As mentioned in the regulations, If a project falls below the IDO price before 50% is distributed and stays below the IDO price for at least a week, then it will be considered a legit reason for a refund of all further distributions.
- This is to say that it does not mean that we will automatically refund when a project falls below the IDO price. We believe in long-term support for our portfolio projects and consider our community when we can see clearly that the token is trading way below the IDO price and don’t see any chance of it recovering.
- It’s important to understand that while many would appreciate making a profit on the first distribution and then getting most of their money back, this paints a negative image of promising projects which want to launch on BullPerks and support the project in the future. This is why we will continue to monitor the token’s performance and will be making a final decision closer to the next distribution.
- Please understand that projects have various initiatives and ways to grow interest in them, ultimately raising their token’s price. Pulling out of a project right after one week after the token is trading below its IDO price can backfire if it starts to recover after another event. That said, we stand firmly on our regulations and will do whatever is necessary to protect our community.
We know some of you guys want to make as much money as possible and as fast as possible and not looking to stay long-term with projects, but we can’t act in a predatory way with these projects. If they’re a bust or screwed up, then we will do refunds, but otherwise, if they had momentary weakness or some investor dumped, but they will recover, we can’t just do refunds.
We already have a lot of pushback from projects not happy with our guidelines, and we might lose some projects already because of it. And we’re okay with protecting the community. Still, we don’t want projects to start complaining about their bad experience with us since our reputation in the space is everything and what gets us all these projects to come to us or be introduced to us.
So hopefully, you understand it’s not always so simple.
With this said, we want to open a chat for your questions, comments, and suggestions.
Please respect our co-founders and note that any questions irrelevant to the AMA will be deleted. In case of repeating the irrelevant questions during the AMA, the users will be muted for a day on repeat offense. I will now be unmuting the channel momentarily.
The channel is now unmuted.
Srigopal Bhattad ! Hidden Gem:
Wow, amazing! Love BullPerks. Upgrading to Platinum tomorrow.
Excited about things coming up!
Probably a great time to do upgrades to tiers.
Thanks for all your hard work. The plans sound impressive and exciting! Concerning the NFT marketplace and bidding, any indication of what the timeline for this is? And where will the discounted NFTs come from? Will this be via collaborations with the projects in question?
Srigopal Bhattad ! Hidden Gem:
A lot of potential! I will introduce all of my crypto friends to get in. We will be the top 1 launchpad soon.
When is the next deal?
We will be advertising it over the next week and probably start it at the end of the week or the week after.
The NFTs will sometimes be from collections, sometimes from games, and some art to keep it unique and exciting. As we grow traction, the values of NFTs in lotteries will go up, but bets will still be similar. So more participants, more significant rewards, and more extensive burns of tokens.
Excellent … Thanks for the answer!
We are waiting on confirmation from a few projects. They’re all waiting to verify the market stabilizes. So hopefully soon, and we might open 1-2 good VC deals in the meantime this month.
And to be clear, due to the uncertain market, a lot of projects were postponed.
We have a very exciting pipeline waiting for a more favorable time to list.
Before the next distribution of SWP and the price is still below IDO price, I want to ask if the community will get refunded or if we will go with the flow and hope for a pullback.
We are reviewing almost all projects, and I know some asked why we don’t launch particular that investors close to us invested in, so the answer is that sometimes the valuation that those funds got in was attractive but went way too high by the time it goes to the public so it might be a hyped project. Still, we just think the valuations or some terms are unfavorable for retail.
Do you see more realism about project valuations coming from the projects themselves now that we’ve been in a bear market for a while?
We are reviewing closely and in touch with the team and their upcoming plans. If we feel the price is not going to recover plus we’ll do refunds.
Regarding project valuations, the answer is yes, and we’re pleased about that. However, some founders are still unrealistic, and whether they manage to raise those unrealistic valuations or not, we won’t take part in that.
Any deadline for projects like Xmanna, Dopamine, and Cybertrade to refund..(we can have the ido again on our platform once they are planning to launch)?
When we can stake our blp without penalty for people who already lock blps, your admins said it half a year ago… And still no info about it.
We’re doing our best to identify the winners and assist them.
The problem is we didn’t have these rules before. Now we make the project signs so easier to enforce—harder with projects from before. But we will be pushing them all, and hopefully, we will start a bull market soon.
Stake or unstake?
Stake without penalty tokens that are already locked for tiers.
We will report on this soon. It took us time to build a fully equipped dev team. Only now can we say it’s complete and able to cover the “development debt” we’ve accumulated.
We just wanted you to see we didn’t take a summer vacation like most with this market but instead were focused on building, creating more use cases, identifying more future winners, and more! Thanks, everyone.
Thank you, everyone, for joining us today! Thank you, Eran and Constantin, for your answers and for sharing great news!
Thank you for your support and questions 🙏
Understood. We’re going to work on it soon. We had some urgent things like claiming factories and features we had to focus on first.
Bye everyone, and till next time!