What is Bolttcoin?
Being over 4 years old, Boltt is a market leader in wearable tech and m-health. Boltt is an existing company with products, large ecosystem and thousands of users which gives it a major headstart over competitors. Bolttcoin is a Decentralised Digital Health Economy based on Blockchain. The platform rewards users with Bolttcoins when they achieve health goals. The tokens can be spent across a large partner ecosystem both online and offline. It is the 3rd Largest DApp, and Boltt Coin is amongst the top 10 trading assets on Waves Blockchain.
Just in case you were wondering why an existing company will all of a sudden decide to implement blockchain into its products and issue its own token,it seems Boltt already anticiapted this and have answered this question in the arrticle titled : BolttCoin : Use of Blockchain.
Boltt platform incentivizes people to walk more. Users can earn BolttCoins by simply walking and / or by participating in the step based games & challenges. BolttCoins earned by users can be used to purchase goods and services across the platform and partner networks. The platform also hosts challenges, games, and tournaments that users can participate. Winners can receive BolttCoins as rewards.. Basically Boltt Drives Motivation Through A Mobile Based "Social Health Gamification Platform", Where Users Can Earn Money By Simply Walking.
Reward Engine : Earn BolttCoins by taking steps & winning step based Challenges.The Boltt Coin App leads you to a healthier lifestyle by rewarding you for being more active. Monetise your health & fitness data via Blockchain and "Proof of Steps".
Personal trainers: Selling services, attracting new clients,
Managing clients' progress
Sports and wellness: interaction with customers via the reward system
Health insurers: Reducing risks by analysis of actual
client data
Celebrities: Selling services, attracting new clients,
Managing clients' progress
Gyms: Organizing fitness challenges for fans
Employers: Organizing fitness challenges for
employees
Bolttcoin already has a working dAPP which can be accessed from its website http://bolttcoin.com/ or downloaded from the App Store / Play store.. Its worth noting that the app is rated pretty well in both stores. The app on the Apple store has more than 100k downloads while on the play store it has more than 10k downloads.
The dAPP features
Boltt has a portfolio of fitness wearable devices such as smart shoes and fitness bands that are an additional business model.
Soon, Boltt Coins will able be used for Utility Payments & Travel and a Health & Fitness marketplace with healthy food, gym instructors, nutritionists & more. All these goods & services can be purchased in exchange for BOLTT tokens.
All blockchain based fictions in the app are automatic, including - wallet creation, daily earnings, reward distribution, payment for various services, data storage etc. the user does not need to do anything manually & there is very little/almost no knowledge needed on any aspect in Blockchain for all global users. The platform is built for the average joe, for users who are not familiar with blockchain technology or have never heard of crypto.
Bolttcoin does have some crypto based competitors namely Lympo and Sweatcoin. Swatcoin had the first movers advantage in this category and it shows because they currently have more than 10 million app installs in the Google Play store alone with Lympo having more than 100 thousand app installs in the plays tore too. BolltCoin App currently has just more than 10 thousand app installs in the play store which makes sense as they came later than the previous two. What sets Bolttcoin apart from its competitors is that its business model is based on its token's value growth as well as the cash flow generated from platform operations.
Boltt is also based out of India - world’s second most populated country & the 3rd largest economy, with a booming consutption story. An app that gives free money for walking has an immense potential to become viral there compared to swearcoin which is based out of the UK.
Bolttcoin platform began development in 2017 and in second quarter of 2018, they launched their MVP of the Boltt Coin App. In Q3 2018, they Introduction of Boltt Smart Contracts was implemented. Boltt used these contracts for development of the balance ecosystem elements. In final quarter of 2018, Boltt Launched Boltt Coin DApp globally and it became the fourth largest DApp soon after (Source. Coincodex). Fir a more in depth roadmap and things they have planned for the future, read this excellent article by them.
For Probit IEO
Ticker: BOLTT
Total Supply: 170,000,000
Token Price: $0.5
% of Tokens allocated in IEO: 5%
Softcap: $500,000
Hardcap: $3,000,000
Country: ESTONIA
Unsold Tokens: BURNT
Private & Presale: 6 months lock up + 6 months equal vest In post lock up period
Team: 12 months
Advisors: 12 months
Strategic Partners: 12 months
IEO: None
Health based reward & step mining: released over 3-5 years
Ecosystem Partners
Bolttcoin has a lot of partners as shown above . Some of these partners have actually implemented bolltcoin in some way. Bolttcoin collaborated with Red Bull for its Wings For Life World Run charity event using its Bolttcoin App. Those that completed the given tasks were rewarded with Boltt tokens. Utilizing the Bolttcoin app, BolttCoin will organise Digital Challenge Races for corporates like Pepsico and Gatorade.
They are also partnered with one of Korea’s largest conglomerate Kakao specifically its Klaytn Blockchain. Bolttcoin will be migrating fom Waves to Klaytn mainnet which is be much more powerful, cost efficient and scalable compared to Waves.
They recently announced another partnership with BCRYPTO, Japns first blockchain fund.
**Celebrity Partner
RAVINDRASINH JADEJA - commonly known as Ravindra Jadeja, is an Indian international cricketer. He is India’s leading all rounder in Cricketer and is part of the Indian World Cup Team.
Per the whitepaper, Boltt has 36 members on board, which includes blockchain developers, data scientists, mobile ops, backend/frontend developers, marketing experts, platform engineers and operations professionals. Some of the main Executive members are listed below. 36 members might sound like a lot but in this case its not because the company has existed for more than 4 years and currently has products it sells with revenue so it makes sense the team is bigger than a typical startup.
Arnav Kishore – Co-Founder & CEO, Boltt Sports Technologies
Aayushi Jagasia – Co-Founder & CMO, Boltt Sports Technologies
Sahil Goel – Co-Founder & Product Strategy . Co-Founder and CEO of Kraftly.com India's only C2C mobile marketplace.
Gurdeep Singh – Co-Founder & Director Alliances. CEO Reliance Communications. Previous experiences in Aircel as COO and Vodafone as Operations Director.
Lalit Kashore – Founder & Chief Strategy Officer, Former President of Nike India.
Full team can be found on their whitepaper (page 108)
Boltt also has a lot of advisors listed in their website and whitepaper (Page 109).
Teddy Zee – Former Executive Vice President at Columbia Pictures, Senior Vice President at Paramount Pictures, President of Sony-based Overbrook Films.
Young-Mok Park – Experience in Crytek , Blizzard Entertainment , Microsoft. Current CEO & Founder at Nchant Interactive Inc.
Benjamin Tang – Chief Operating Officer at IDAX Singapore.
Abhishek Pitti - CEO and Founder at Nucleus Vision
Yong Choe - CTO at Davinci; Editor at Blockchain Today
YH Yeonho Kim - Partner, Heidrick & Struggles (Formerly with Samsung, SK and Hana Financial Group)
Boltt(the company) already has a large active user base and if they can manage to trasnfer said users to Blottcoin, it would translate to instant implementation, adoption and success of their token. Tracking health and fitness via wearables and mobile apps is a business model in which Boltt has already found success in and should improve upon with BolttCoin.
BolttCoin has tied up with several large and well-known partners that should jelp bring users and customers to the platform.
Boltt will be bundling the Boltt Coin App Subscription with the Boltt Wearables, so the customer acquisition cost for the App, will be minimal,compared to its competitor Sweatcoin with its App only model.
Though major fitness companies like Fitbit are currently not using blockchain, there is no guarantee they won't be using / implementing blockchain tech into their products in the future and thus competing directly with BolttCoin.
They have hit their softcap already which means the project will go ahead developing the products further and wont be shutting down.
Every SmartPhone owner & Wearables owner are potential BolttCoin Consumers.
Boltcoin.io
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Disclaimer
This analysis is based on information that is currently publicly available in the White Paper, Website and Team . The above information is not financial investment advice. Please do your own research before making investment decisions. This information is for educational purposes only. I have not personally invested in Bolttcoin.
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