Advancement of technology has resulted in various innovations for the betterment of human race. In 2009, the concept of digital currency came into being and the first digital currency came into existence entitled as “Bitcoin”. Awareness of digital currency increased the demand due to which other different form of digital currencies also came into being. Innovative product always has a room for modification which can better meet the demands of the end-users.
Considering the limitations of bitcoins and other digital currencies along with the increasing demand, balehu community focus on creating transparency between all the stakeholders in the corporate world. Balehu is a community made up of backers, merchants, contributors and members. BACKERS are users of Balehus decentralized blockchain technology and smart contracts, which consist of investors, sponsors, advocates and promoters.
MERCHANTS are the business end-users that will utilize a software application to manage their marketing activities. CONTRIBUTORS will be able to leverage Balehus’ codebase, which will be available as an open source project that can be used to power new communities, projects and add capabilities to existing ones.
MEMBERS are free-subscribing patrons that will connect with merchants to find local events, deals and other activities in real-time. In context of digital currency, balehu community aims to localize the process and transactions of digital currencies among the members and the merchants which means by taking the advantage of technological advancement, balehu aims to establish transparency between consumers and merchants. Since the balehu bucks plays a role of native cryptocurrency hence providing and sustaining such relationships in a monetary system that will eradicate the roughness of onboarding that will consolidate the confidence and loyalty among all stakeholders.
Balehu bucks accepts the true worth of local businesses and its customers for which balehu reward system employs decentralized blockchain technology to pervade local commerce with a value added to it. Similar to other cryptocurrencies like bitcoins, ethereum, etc. the Balehu Bucks (BUX), are based on a distributed ledger protocol which is referred to as blockchain. Such system establishes a sense of transparency at an individual level to eradicate deception in the local business community hence safeguarding the interests of all stakeholders. With the elimination of credit card transaction fee, balehu bucks will enables consumers to make transactions more easily by also avoiding the processing fee.
Most of the SMEs avoid the payments through credit cards which also act as a barrier in the purchase decisions of most of the consumers. As SMEs welcomes the payments through localized digital currency, the barriers of most purchases will be eradicated hence facilitating the growth of local businesses along with the easy payment methods for the consumers as well.
Balehu bucks aims to create the value at the local level to facilitate the local businesses and denominate the marketing strategies to local businesses where the true value is to be created. The presale of balehu token started on December 01, 2017 whereas the full ICO launch is scheduled for February 01, 2018.
Balehu buck platform is in its growing stage and it will emerge to change the traditional ways of transactions among consumers and businesses. It is a low-cost model which claims to have affordability and accessibility.
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