Hey, whats happening guys! In my previous article we talk about main concept and technical aspects of BlockBurn project and i have a great news for you - BlockBurn conducted 2 rounds of their IEO on Korean exchange ChainX with totally SOLD OUT ! Price was $0.005 and lets see how team is planning to spend fundraised money:
Product development: 50%
Marketing: 20%
Exchanges: 10%
Token buy back (and/or token burning): 20%
As we can see, very interesting thing that 20% goes for buyback, it is most powerful, working strategy in marketing especially in crypto space. All buybacking projects are popular and those measures in theory can guarantee the stableness of the token price. BURN is trading right now on the Bilaxy and Mercatox(and there are strong talks in telegram froup that BW.com trading launches today), you can get the latest price updates from there and also liquidity indicators by trading volumes.
And also main aspect of the succesful project is exchanges, as we can see BlockBurn spends 10% on exchange listing.
New projects usually has a lack of community support and fame, thats why talented marketers from the team decided to spend 20% from fundrising on marketing, to grow healthy community for future support.
And the main part for all technological startups is funds for development, Blockburn want to spend on it 50%, i think that shows all serious intentions of the team, they want to bring a really cool product to their customers!
BlockBurn has a fixed schedule of listings on the world biggest crypto exchanges: 25-03-2020 on Cointiger, 06-05-2020 on LBank, 15-04-2020 on Hotbit. It is amazing because more exchanges = more liquidity and more comfortable variantes to buy BURN on the favourite exchange!
So the hype around BlockBurn is big, there is 25k+ telegram group members and more than 11k twitter followers, this is actually a great result for the brand new blockchain project!
If we take a close look on the roadmap, we can see that team plans to launch first BURN game in february 2021, but all 2020 they will work with dapp launch, multiplayer launch, testing, UI/UX design and integration, a huge volume of work.
I think BlockBurn can stay a real game market monster and start to compete with famous blockchain games like CryptoKitties, CryptoSpells, HyperDragons, etc. If you have any questions drop them on comment section or join their telegram group, all links will be right down below:
Website: https://blockburn.io/
Medium: https://medium.com/@blockburn
Whitepaper: https://blockburn.io/documents/pdf/burn_whitepaper_english.pdf
Twitter: https://twitter.com/blockburnhq?lang=en
Reddit: https://www.reddit.com/user/BlockBurnofficial/
Telegram: https://t.me/blockburn
Author:
Bitcointalk username: magicrypto
Bitcointalk link: https://bitcointalk.org/index.php?action=profile;u=1700273
Telegram: @majesticcrypto1
Thank you!