Get a glimpse into the recent BullPerks internal AMA session, where Co-Founders Eran Elhanani and Constantin Kogan shared exciting updates and engaged in discussions about the platform's direction. From token swapping and bridging to upcoming referral programs, network expansions, and strategic project selection, this recap highlights the key takeaways from their insightful conversation. Join us as we explore the dynamic world of BullPerks and its commitment to community-driven success.
In case you missed the live session, don't worry. Check out the complete AMA recap below!
BullPerks Moderator:
Hello everyone and welcome to the BullPerks internal AMA session. Let us welcome our Co-Founders, Eran Elhanani and Constantin Kogan who are here to give exciting updates and answer your questions later.
Eran Elhanani (BullPerks Co-Founder):
Hi Everyone, thanks for joining. Constantin will start with some updates.
Constantin Kogan (BullPerks Co-Founder):
Hi Everyone.
1. Although this isn't recent news, however, since our last AMA our team has added the option to swap and bridge tokens inside our launchpads. With most of our portfolio projects tokens available from day 1. This means that you can now swap your vested tokens right in our dApps and find the best route for that as well!
Swap 400+ coins and tokens across 15 networks without leaving the platform https://app.bullperks.com/swap-bridge
2. We've received multiple requests for a referral program and we're now working on having one for BullPerks! Not only will you be able to benefit from our deals, but you can also gain extra BLP for bringing in your friends!
3. We have also been working on adding new networks, although we can not disclose which projects are currently in the pipeline, one look at your address book will give you a clue of all the potential networks we support and will launch projects in.
4. We continue to optimize our apps and there are numerous small changes made to all our products that we can not list within the AMA, however, if you have been using our launchpad for a long time, we hope you will appreciate the small things like having no extra approvals for all pool related transactions or having a simple and clear comparison between the locker and staking pool in the dashboard. As you know UI/UX is important to us
5. As you may be aware, Paxos has winded down its relationship with Binance for the BUSD stablecoin and BUSD redemptions will continue till at least February 2024 but no new tokens will be minted following an order from the New York Department of Financial Services and an SEC lawsuit. To future-proof our platform, we have added support for payments in USDT BEP20, we are also considering adding support for USDC BEP20 and we may eventually move to these stablecoins in the future.
6. Some users have been asking about Tier 1 CEX listing which is on our roadmap, as well as bridging BLP into other networks. We are happy to say that our tokens have been bridged to ETH and Polygon, however, due to the market conditions we are very careful with our spending and we plan on adding more use cases for our tokens before users can trade with BLP on other networks. As for CEX listing, the experience of our recent portfolio projects has shown that in this market, token listings are being absorbed by the market with no evident benefits for the tokens. So we are still planning to list on top exchanges but a bit later.
7. Reading all your comments, I want to also stress that although we are not a DAO, we are dedicated to our community and we welcome and encourage our community to send us suggestions via bullperks.com/suggestions
Eran and I actually read them all the time; we consider every one of them as we continue looking for ways to grow our products and stand in the Web3 world.
Will let @EranEl to add few things
Eran Elhanani (BullPerks Co-Founder):
Thanks @Constkogan
So as mentioned we keep improving our platform and constantly looking to add new tools/utilities and token use cases.
We are also considering to launch VC deals again and possibly equity deals (although ticket there is higher due to costs and technicalities)
While you guys only notice announcements on IDOs and deals we open then a lot of things happening behind the scenes which will have huge impact in the future. Lots of partnerships, new relationships with funds and projects, creating brand awareness and talking in conferences and podcasts… as well as development on new stuff constantly
Regarding your questions about when next IDOs then I’m happy to say we have finalized a few new ones which we believe have great potential and we will announce some next week
With the market being not great for projects and most launches not doing well we preferred not to force any launches and wait for better time. Hopefully we’re getting closer to that and we do have a substantial pipeline of projects to launch then
Another issue I wanted to address is our refund policy and we got a lot of complaints about those but all I can say that while some others played fast and loose and did many launches and refunds then in the big picture it might have hurt them and we just secured at least 2 projects that preferred to work with us due to the fact that we are more cautious and respectful in regards to refunds and only do those as a last resort.
Lots more coming up which will be revealed in due time. So now let’s open the chat for questions, feedback and a discussion
BullPerks Moderator:
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. Chat is now unmuted.
Eran Elhanani (BullPerks Co-Founder):
Ok guys, let’s go
Robert Neagu
I understand you are a business and you need to make money. As your competitors are launching projects with a 24 hr or 7 days refund policy, why don't you try to accept projects easier. I think most users would be happy to potentially risk the initial vesting or no risk at all if we are discussing 24hr policy. I think the deal acceptance process is maybe slow? I'm looking forward to good quality Vc deals.
Eran Elhanani (BullPerks Co-Founder):
As I mentioned above. Those refund policies come with a cost. Many projects got burnt in the last couple months from it and many funds, advisors and those projects advise future projects not to accept it and work with launchpads with better policies for the projects too. So we might have lost a few deals in the short term but gained more respect in the long term and even as we speak. As mentioned 2 projects chose us due to us not having those tough policies
And yes, we are looking to bring back VC deals too although there are no protections usually.
Robert Neagu
Willing to risk if the promise is good enough. We usually buy dreams in Crypto and wait and see if they become reality
Eran Elhanani (BullPerks Co-Founder):
And yes, we do a little more DD than most launchpads and that sometimes takes a little longer but we rather lose deals than choose wrong ones. Great to hear. We like dreamers and long time holders
Robert Neagu
At the same time projects having a strong launch and strong marketing lined up shouldn't be worried about the 24hrs policy as they will perform in any market.
Constantin Kogan (BullPerks Co-Founder):
One more thing I want to add, we are hoping the current market shows you more and more that only long term vision can result in consistent results. Therefore VC deals and equity deals we are reviewing will require a paradigm shift.
Eran Elhanani (BullPerks Co-Founder):
That has proven not to be the case. In a red day even the best project won’t perform well and in a red week could easily go under IDO price
Robert Neagu
Long term holder of Blp, thanks to the market, managed to jump onto one of the top tiers here 🙂
Eran Elhanani (BullPerks Co-Founder):
Hype is not enough in the current market and not enough secondary market buyers.
Congrats. Smart man even if I’m biased
Robert Neagu
Well, depends where you positioned yourself. I can give you a few examples of multiple X's without no real utility behind or no problem solving..not even a real team or legit. Agree to disagree
Eran Elhanani (BullPerks Co-Founder):
Yes, we know those. But again we try to be picky and find/launch projects that are not just hype but are long term and sustainable.
Robert Neagu
People in red markets and when there's no deal going are reluctant to discuss it here. I do follow it daily but try announcing one deal you will see all of us coming. Mr crypto community and ArmataHodl is looking forward for your deals.
Eran Elhanani (BullPerks Co-Founder):
Anyone else here?
Constantin Kogan (BullPerks Co-Founder):
Seems like everyone here are happy and no questions
Eran Elhanani (BullPerks Co-Founder):
I guess everyone is very happy and informed so no questions or issues
Robert Neagu
Thank you for your time
Constantin Kogan (BullPerks Co-Founder):
Thank you everyone
Eran Elhanani (BullPerks Co-Founder):
Next week
BullPerks Moderator:
Thank you everyone for joining us today! Thank you Eran and Constantin for your answers and sharing great news!
Eran Elhanani (BullPerks Co-Founder):
Thanks everyone!
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