It is not that usual for something different to appear within the world of blockchain technology, but Bubbletone appears to have achieved just that. Their aim is to offer a decentralized telecom solution via the blockchain, which is certainly new but trying to get to grips with what they are planning on doing may not be as easy as it seems. So, it does appear as if closer investigation of what they are offering is going to be required.
What is Bubbletone?
https://bubbletone.io
The team behind the new blockchain based project states that they are offering the opportunity for mobile networks, service providers, and phone users to really interact with one another and without using any middleman. They claim that this will allow for all parties to be happier with what they are receiving or selling through this direct connection with it all taking place via their marketplace which is situated on the blockchain.
They also note that this is a method to allow people that travel to sign up to a local network operator without running into any problems and also to avoid those sky-high charges that they would need to pay via their operator at home. This means that it should bring to an end the roaming charges that can cripple people along with other data charges that can rocket at any moment.
In other words, they are attempting to use the blockchain in order to resolve global telecom issues, and if they are able to achieve what they are setting out to do, then it is easy to see how this project could have potential.
The Technical Aspect of Bubbletone
From a technical perspective, the blockchain will play a key role in how the entire marketplace and platform is then able to operate.
A network provider places their different tariffs on the blockchain via smart contracts. These offers are then made visible to the various users who are able to select an offer after they have been identified on the network. They then issue the payment for the service, which is also via the blockchain, and the network is then able to start providing the individual with their service.
For the user, they need to download the Bubbletone app before selecting the offer that they want. Then, they download data from that operator onto their SIM card allowing them to make full use of the services that are available.
They note that they will be using the Graphene framework allowing for over 10,000 transactions per second while also operating a Proof of Information concept which then validates the transaction and identification of the individual user. This does also mean that it is straightforward when it comes to scaling the platform without putting its stability at any risk.
The Advantages of Using Bubbletone
There are different advantages when it comes to using the new platform that could very well draw more people to the app and the product that they are offering. First, by being able to remove those roaming charges, it does mean that people will be able to save a considerable amount of money and the way in which we take our mobile phones with us everywhere we go does mean that this is a big industry.
Also, there is the absolute transparency of what you are going to be getting with the offer that has been made by the network provider. Once you have selected it, the actual installation is also very straightforward meaning you do not have to stress if you are not really that technically minded.
The Financial Aspect and the ICO
Looking at the financial side of things provides us with a greater insight into the way in which they have viewed the potential future of the project. First, when it comes to investing in the ICO then you do have an array of options before you including some fiat currencies alongside BTC, ETH, LTC, DASH, XRP, ETC, BCH, and USDT. In other words, they are hoping to make it as easy as possible for people to get involved.
They have also included a hard cap for the ICO which has been set at 35,000 ETH and during this phase there is an exchange rate of 1 ETH equating to 1000 UMT. Also, it equates to 1 UMT being valued at $0.17 during the ICO.
For this part of the process, they have released 500 million tokens which is 50% of the total that will be produced. The rest will be used for bonuses, the company and also marketing which is what they are going to need if they are to be successful with their approach.
Overall Conclusion About Bubbletone and the ICO
The team behind this project not only has experience within the blockchain industry but even more experience with the telecom industry so they do know what they are doing. This is going to help the project to actually then resolve the various issues that are certainly annoying individuals around the world.
The key is in getting network providers to get on board as it should be easier to draw in users with the simple promise of them saving money and not paying those roaming charges. Of course, they have to be able to do this globally since you never know where people will be visiting or when they want to switch to a new operator.
The fact that they are making sure that it is very easy to switch to a different provider is also a good idea or it would make people feel as if they would be unable to do it on their own and would simply go elsewhere.
So, is it worth an investment? Well, there are so many positives associated with what it is doing and offering that you can easily see how it has the potential to grow which is great from an investment point of view. Yes, it may take time to see the real return on what you have invested, but as they have created something different that resolves a very real problem, then this could very well turn out to be quite a safe bet.
Website: https://bubbletone.io
Whitepaper: https://bubbletone.io/BubbleTone_Whitepaper_ENG-Jan18.pdf
Check out my other ICO Reviews:
https://steemit.com/crypto/@dan90/digital-ticks-ico-review
https://steemit.com/crypto/@dan90/casper-ico-review
https://steemit.com/crypto/@dan90/cryptonia-ico-review-poker-on-the-blockchain