Block chain has now grow rapidly in popularity which expands its uses from Cryptocurrencies to other various sectors like banks, health and real estate. The figure of block chain projects has increased. In 2021, Statistics shows that the number of decentralized applications(DApps) running on the Ethereum block chain is more than 3000. Also, The cumulative block chain market size has risen.
The global market will increase constantly at a compound annual growth rate of 56.1% from 3.0 billion US dollars in 2020 to 69.4billion US dollars by 2027 according to fortune business insights. The growth of block chain has brought about crowdfunding such as initial coin offering(ICO), Initial exchange offerings (IEOs), Initial DEX offerings,(IDOs) and security token offerings (STOs) as new method of fund raising.
BLOCKCHAIN & ITS CHALLENGES
Blockchain is trustless, self governed, anonymous, immutable and secure. Despite the above listed characteristics, Block chain has the following challenges:
Consensus Mechanisms: Blockchain is a trustless protocol which relies on consensus algorithms where miners(nodes) validates transactions on behalf of all members. Permissionless block chain like Bitcoin and Ethereum, any miner can vote and undertake decision making. Scalability is reduced which allows small group of miners to make decisions on behalf of other members in private permissioned block chains.
Scalability: Decentralized finance (Defi),It totally eliminates intermediaries which allows users and wider community to earn maximum profit without third parties. Decentralization ensures security which makes the network more secure. Achieving optimal decentralization affects scalability which affect widespread adoption.
Interoperability: Interoperability allows seamless information sharing,streamlined execution of smart contracts, more friendly user interface and user experience. It creates opportunities to partnership and sharing of solutions which is important to Defi growth. Despite the advantages, some block chain can not interoperate their counter part. Some current block chains uses different consensus protocol,smart contracts and transaction process.
Scams: Many investors has lost huge amount of money due to the decentralization and project in crypto space raising fund which someone do not need to provide much information or show P&L's or any prove founders identity.
BULLPERKS ECOSYSTEM
is an unparallel decentralized vc and launchpad system designed on top of BSC block chain. Bullperks is designed to address the critical pain points bedeviling the DVCs which are ; Transparency, democratization of investments and UI/UX. Bullperks ecosystem will provide the following services:
- Launchpad: Bullperks will not only help in executing IDOs, It will also help in post IDO support, liquidity tools, technical advisory, marketing and overall partnerships.
- Decentralized VC: The decentralized VC module has been Incorporated in Bullperks which allows users to participate in exclusive initial digital offerings by holding BLP tokens.
- Staking / Farming Services: Staking and yield farming is profitable in Defi. Bullperks will provide room for staking/farming in its platform so that everyone will benefit.
The global VC market is rapidly increasing. The world wide investments reaches about 197.7 US dollars in 2020. These growth is based on three factors which includes
- First, The increase number of set ups, confluence with rising investments from banking sectors and mutual funds.
- Secondly, The increasing adoption of VC investments across different sectors like health, agriculture, bio technology and media.
- Thirdly, The inclination of VC towards innovative technologies such as IoT.
The cumulative market capitalization has risen from 792.52million US dollars to over 2trillion US dollars as of 2021, With Bitcoin and Ethereum commanding over 59% of the market size.
BULLPERKS TOKEN, BLP
BLP token is the main utility that gives access to the bullperks platform and deals. The more BLP TOKEN you hold, the higher membership level you have which allows you to invest more and have access to better deals.
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CONCLUSION
BullPerks is a project that is unique in terms of the solution and potentials that its bringing into the cryptocurrency communities. The project will be of immense potential to both traditional VC investors and cryptocurrency investors as through BullPerks launchpad, they will be able to join IDO and VC deals that supports startups that will change the world in a positive manner.
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