What is BOLT Global (BOLT)?
BOLT is the native token of BOLT Global, whcih is a blockchain-based decentralized media ecosystem that hosts a variety of digital content services. The mission of the BOLT crypto platform is to open up access to innovative and lucrative business opportunities for users and companies all around the globe. Users, content providers, and marketers all have the opportunity to work toward increasing their value on the web by participating in entertainment activities hosted on the platform.
The BOLT platform is based on the Zilliqa blockchain and, in essence, it intends to create a trustless network for an autonomous entertainment network. The platform's goal is to broaden access to digital material by lowering the costs associated with streaming and the minimum bandwidth requirements. In addition to that, the BOLT coin is going to make it possible to broadcast directly to mobile phones by means of mobile applications.
The main products of the BOLT Global platform are Bolt+ (Web 3.0 entertainment and media platform), BoltX Wallet (self-custody NFT and crypto wallet), and BoltZap (Web 3.0 commerce marketplace).
Interested in seeing the current BOLT price? Check out the BOLT price chart featured above.
Use Cases of BOLT Tokens
The BOLT tokens can be used for a variety of purposes. For starters, the BOLT rewards program incentivizes individuals to actively contribute to and engage with the BOLT ecosystem by rewarding them with BOLT tokens.
Also, premium content on the BOLT platform can be purchased using the token, allowing content creators to monetize their work.
Moreover, users can tip content creators within the platform using BOLT tokens at a certain Bolt price as a form of recognition and support for their work.
Finally, BOLT token holders have the opportunity to actively participate in decentralized governance decisions that shape the future of the BOLT crypto project.
Overall, the use of the BOLT token within the platform helps drive community engagement and supports a sustainable economy. Check out the recent movements in the BOLT price above.
Who Founded BOLT Global?
In 2017, Jamal Hassim and Christel Quek founded the BOLT ecosystem. Both founders have years of experience in the media industry.
Jamal Hassim has a degree in law. In the past, he worked as a corporate finance specialist at EY and PwC, as well as an account director at Young & Rubicam. Additionally, he held the CEO position at such companies as WKRZ91.3, Singapore Press Holdings, and SQC Media. Besides, he also co-founded Capital FM.
Christel Quek has a degree in geography. In the past, she worked with such companies as SocialEyes, Havas Media Group, Samsung Asia, Twitter, Brandwatch, Zilliqa, and Trovio Group.
Tokenomics of BOLT
There is no max supply set for BOLT tokens. However, the majority of tokens were distributed to the community through private and public token generation events. Additionally, 40% of the total supply was locked for a minimum period of 3-6 months after the token launch for strategic contributors, ensuring that the BOLT price is not heavily influenced by any single entity.
