Bloomzed is one of the few innovations that have delivered on its promise of a cryptocurrency mobile wallet that wholly fits into the existing financial structures like fiat currency, banks accounts, credit and debit cards etc.
Bloomzed works through a closed club called the Bloomzed Crypto Club. The club allows its members to use the unique tokens offered by Bloomzed (BZT) for transactions within the space. Also, members enjoy bonuses and other perks of having access to an integrated financial solution package.
The company launched its tokens during a Token Generation Event (TGE) on December 26, 2017 and the first phase has since ended. The TGE follows the standard Initial Coin Offering (ICO) template for crowdfunding but differs in that it promises a product that is already licensed in parts of the world and so is not entirely a startup.
Bloomzed Project Roadmap
With the Bloomzed software already completed and the beta version tested for use in a commercial space, the platform is set for registration with the National Bank of the Republic of Kazakhstan.
According to the project roadmap, the first quarter of 2018 is dedicated to launching the project but as a test run in both Kazakhstan and Russia. By the second quarter of the year, the platform would have obtained its Russian license and expanded its operations in regions where it is licensed. As the expansions grows through the third and fourth quarter of 2018 in Turkey, the hope is that between 2019 and 2020, Bloomzed will enjoy entry into South-East Asia as well as Latin America.
The Bloomzed tokens are worth 0.002 ETH each and are based on ERC20 type on the Ethereum blockchain. A minimum of 250 BZT may be bought at a time.
Out of the 100 million BZT available the distribution of the tokens is as follows:
- 20%- Bloomzed team and early members of Bloomzed Crypto Club
- 15%- Bounties
- 15%- Operations of long term budget
- 5%- participants of first round of TGE
- 45%- participants of second round of TGE
The TGE has a bonus program that rewards as seen below:
- 3000-5000 tokens- 3%
- 5001-10000 tokens- 5%
- 10001-15000 tokens- 7%
- 15001 and above- 10%
Currently, the second round of the TGE has started. Beginning from January 17, 2018, it will end on February 17, 2018. The sales of the BZT stands in the environs of 2 million BZT out of the 45 million allocated to this stage.
It should be noted that the tokens are meant for use within the closed club and out of the 250 BZT that must be bought at entry, only one is needed to maintain membership of the club and enjoy the special benefits. The remaining 249 may be conferred on someone else or retained as the owner deems fit.
Bloomzed prides itself on its expansion model and hopes to provide its tested solutions to the cryptocurrency universe.
See the status of the TGE here: https://bloomzed.io/