BuzCoin – Roadmap Structure and ICO Breakdown
BuzCoin is a digital currency that will be used as the main payment method in the Buzar Blockchain network. The Buzar platform is a brand new ecosystem that functions as a trading platform and communicational app at the same time. The BuzCoin Token is closely tied to the functionality of the platform in almost every aspect related to it. The dynamism required for the platform to have a life of its own depends on the constant trade of the token for goods and services.
As Buzar grows and more partner join the ecosystem, the circulation of the token will have exponential growth and will ultimately become a commodity among the users of the app. BuzCoin will be nicknamed BUZ. The token was developed using the ERC20 protocols, and the company currently plans to issue 2.1 billion units to finance the mid stages of development of the platform and grant early access to early investors.
Stages of the Roadmap
The plan to make Buzar work begins in April of 2018. The Initial Coin Offering will take place from June to September of the same year. If the company manages to collect all the funding, it needs the tokens will be generated and distributed as soon as the public sale ends. In the last three months of the year, the developing team will draft the technical chores related to setting up the operation such as getting the technical equipment needed to work on the further development of the platform.
When 2019 arrives the beta version of the platform. They will open early for investors. By the second quarter of the year, the mobile app will launch and will progressively add new features such as instant messenger, text messaging, audio calls, B2C and C2C add-ons, online stores and reward programs. By the third quarter of 2019 video calls, video hosting and video streaming will be available to every user of the ecosystem, and by 2020 the platform will be ready to expand their market share by going outside of Russia.
ICO Breakdown
At the moment, the plan for the public sale will go as it follows: The public pre-ICO will take place from April 18th to May 18th of 2018. The public sale will happen from June 18th to September 16th until the hard cap is reached. The company hasn’t planned for stages on this sale. They have chosen to extend their public sale for 90 days to reach the hard cap goal of $210 million to secure complete financing and guaranteed success. The price per unit of BUZ will be of $0.1 per 1 BUZ, and the minimal investment will be of $10.
The company has published the distribution of the token as it follows: 75% will be offered in the public sale, 10% will be kept in reserve, 13% will be distributed among the founders and the developers and 2% will be offered in the bounty programs. The allocation of the financing will go like this: 41% of the money will be used for market research, development, design and engineering, 19% will be used to secure platform integration, 33% will be invested in new equipment, and 7% will be used for expansion.
BuzCoin - Ambitious Plan or High Profile Scam?
The BuzCoin project is riding on the popularity of renowned pop star Olga Buzova and the plan it’s an expression of her concerns about human relationships and online interactions. She has reached the experts that share her concerns and have given them form. The artist is more than willing to bet her prestige and reputation to be the face of this new way to approach social media. It’s now up to us to see how good this plan is in the long run.
To learn more about Buzar and BuzCoin, you can go to https://buzcoin.io/ and join the Telegram
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