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Bolt (BOLT) is a cryptocurrency that powers a global social media ecosystem, enabling users to build communities and earn from their content. It supports various use cases, including staking, NFTs, content creation, and community building, and is part of the BoltX platform, which includes a digital asset wallet and a social network.
The Bolt (BOLT) token is the core token of the Bolt ecosystem and serves as a primary means of value exchange among users, streamers, and brands. It can be used for various purposes:
- Staking: The BoltX Staking program rewards long-term token holders with a 5% APR on the total sum staked, distributed daily.
- NFTs: Users can send, receive, and store NFTs in the Bolt NFT Gallery on the BOLT X Extension, allowing for secure transactions.
- Content Creation & Streaming: Bolt does not take a significant percentage of creators' earnings, and there is no minimum subscriber requirement to start earning. Creators can cash out their earnings at any time.
- Building Brand Communities: The integrated Connect Wallet functionality enables users to build communities and access web3 features.
- Trading: The BOLT token can be traded on exchanges like KuCoin, Uniswap, and AscendEX, and can be swapped for Ethereum (ETH), Tether (USDT), and Bitcoin (BTC).
- Purchases: BOLT tokens can be used for purchases within the Bolt ecosystem.
These use cases highlight the versatility and utility of the Bolt token within its ecosystem.
To store Bolt (BOLT) tokens securely, you can use the BoltX wallet. This wallet allows you to send, receive, and store various cryptocurrencies, including BOLT tokens. Here are the key features of the BoltX wallet:
- Security: BoltX ensures the security of your funds through a generated 12-word secret recovery phrase, which is stored on the blockchain. This means you have full control over your assets, unlike some other exchanges that hold assets on your behalf.
- Staking: You can earn interest on your BOLT tokens through the staking program integrated into the BoltX wallet.
- Multi-Blockchain Support: The wallet supports multiple blockchains, including Ethereum, Zilliqa, and Bitcoin, with more protocols planned for future releases.
- User-Friendly Interface: The wallet has a simple and clean design, making it easy to view your crypto portfolio value, transaction history, and perform various actions like trading and staking.
To get started, you can download the BoltX wallet from the App Store and follow the setup instructions. If you encounter any issues, such as with the wallet seed setup, you can adjust your mobile's display settings to resolve the problem.
To buy Bolt (BOLT) tokens, follow these steps:
Find a Reliable Exchange: Look for a reliable centralized exchange where BOLT is listed. You can refer to Coinmarketcap.com's Markets section to find the list of exchanges that support BOLT.
Choose a Decentralized Exchange (DEX): Alternatively, you can use a DEX that supports the blockchain where BOLT is based. Ensure the wallet you use is compatible with the DEX.
Set Up a Crypto Wallet: Download and set up a crypto wallet like Trust Wallet. Make sure to keep your seed phrase safe and note your wallet address.
Buy a Base Currency: Buy a base currency like Ethereum (ETH) on a platform like Binance. If you are new to Binance, refer to their guide on how to buy ETH.
Transfer Base Currency to Your Wallet: Transfer the base currency from Binance to your crypto wallet. Ensure you set the network to Ethereum and provide your wallet address.
Connect to a DEX: Connect your wallet to the chosen DEX. For example, if you use Trust Wallet, you can connect to 1inch.
Trade for BOLT: Select your base currency as the payment and BOLT as the coin you want to acquire. If BOLT doesn't appear, find its smart contract address on Etherscan.io and paste it into the DEX.
Apply the Swap: Complete the transaction by clicking the Swap button.
Additionally, you can also buy BOLT directly on platforms like AscendEX using their 1-Click Convert function or by trading other cryptocurrencies for BOLT.
Bolt (BOLT) is a cryptocurrency that is part of a global social media ecosystem. The ecosystem includes Bolt+, a full-feature social network, BoltX, a user-custody digital asset wallet, and the Bolt Token, which is the core utility token and is publicly tradable on digital asset exchanges.
Bolt has been operational since 2018 and has seen significant growth over the years. In 2019, its revenue was $3.4 million, which increased to $11 million in 2022. The gross profit also rose from $1.2 million in 2021 to $2.2 million in 2022. The company has established long-term relationships with several strategic partners, including Binance, Hisense Group, OneFootball, and others.
In terms of its token, BOLT has a maximum supply of 999,000,000 tokens. The token can be used for various purposes such as staking and purchases. It is supported by several cryptocurrency wallets, including PTPWallet, which offers a simple user interface and is available on both Android and iOS devices.
Bolt has also expanded its reach through its partnerships, with over 4 million active installations across Smart TVs in Africa, the Middle East, Australia, and Asia Pacific. The company aims to be the first climate-positive social media ecosystem by 2040 and has a diverse and inclusive team with a strong focus on corporate compliance and profitability.
The cryptocurrency Bolt (BOLT) is the core token of the Bolt ecosystem, which operates across multiple blockchain platforms. Here's an overview of how it works:
Token FunctionalityThe BOLT token serves as a primary means of value exchange within the Bolt ecosystem. It can be used for various purposes such as tipping streamers, earning tokens from sponsors, and paying for ad-free subscriptions. The token is issued on both the Ethereum (ETH) and Zilliqa (ZIL) blockchains, allowing for different utility use cases.
Trading and ExchangesBOLT tokens can be traded on several exchanges, including KuCoin, AscendEx, UniSwap, and ZilSwap, across multiple trading pairs such as Bitcoin (BTC), Tether (USDT), Ethereum (ETH), and ZilSwap (ZIL). Users can create accounts on these exchanges, deposit their preferred cryptocurrency, and then swap it for BOLT tokens.
Staking and RewardsBOLT token holders can participate in a staking program, which offers fixed and dynamic rewards. The fixed reward is a 5% APR, while dynamic rewards are distributed to participants based on their staking activity. Additionally, token holders can earn more by completing tasks and unlocking exclusive access to NFT drops and premium features.
Interchain StakingBoltOS, a key component of the Bolt ecosystem, supports interchain staking across 17 chains. This allows users to stake their BOLT tokens securely and earn rewards across multiple blockchain networks.
Bolt CardThe Bolt Card is a contactless payment card that enables users to make payments over the Bitcoin Lightning Network. It is programmed with a unique LNURL and secure keys, allowing for seamless transactions with low fees. The card can be managed through mobile apps, and users can set their own payment rules and limits.
BoltXBoltX is a mobile app that allows users to create their own self-custody wallet, buy and trade cryptocurrencies, and manage their BOLT tokens. It also provides features like wallet connect, token swaps, and liquidity pool provision for advanced users.
Overall, the Bolt ecosystem offers a range of services and tools centered around the BOLT token, providing users with a comprehensive and interconnected experience.
The token Bolt (BOLT) has several strengths that contribute to its value and potential for growth:
Strong Partnerships: Bolt has established long-term relationships with prominent strategic partners such as Binance, Hisense Group, OneFootball, and Euronews, which helps to increase its visibility and credibility in the market.
Revenue Growth: Bolt has demonstrated significant revenue growth, with a 400% increase from $3.4 million in 2019 to $11 million in 2022, indicating a strong financial foundation.
Gross Profit: The gross profit of Bolt has also seen substantial growth, increasing from $1.2 million in 2021 to $2.2 million in 2022, reflecting the efficiency of its operations.
Active Installations: Bolt has recorded over 4 million active installations across Smart TVs in various regions, including Africa, the Middle East, Australia, and Asia Pacific, demonstrating its widespread adoption.
Secure Smart Contract: Bolt's network is secured by a robust smart contract, ensuring the integrity and reliability of its operations.
Tokenomics: The BOLT token has a well-defined tokenomics structure, with a total supply of 1,000,000 tokens and a holding size limit of 2% to prevent any single wallet from dominating the market.
Multi-Feature Ecosystem: Bolt offers a comprehensive ecosystem comprising Bolt+, a full-feature social network, BoltX, a user-custody digital asset wallet, and the Bolt Token, which provides a wide range of utilities and use cases.
Community Focus: Bolt prioritizes community engagement and feedback, continually improving its services and features to meet user needs and foster a strong community.
These strengths collectively contribute to the potential of Bolt (BOLT) as a cryptocurrency project.
Bolt (BOLT), a cryptocurrency project, faces various financial risks. One significant risk is related to investment, where the market does not compensate for certain risks, and diversification may not be effective in reducing them. Additionally, Bolt Biotherapeutics, a related entity, has disclosed 62 risk factors, which can be categorized using proprietary algorithms and machine learning. These risks can impact the overall value and stability of the cryptocurrency.
Another key risk area is fraud, particularly in transactions. Bolt's Risk Assessment Scoring tool helps retailers make informed fraud decisions by analyzing individual credit transactions and providing a risk score. This score is influenced by various weighted risk factors, including address verification, card verification, transaction amount, and other behavioral and historical indicators. Transactions with scores between 900-1000 are considered the riskiest, with a high likelihood of fraud.
These financial risks can have a significant impact on the value and stability of Bolt (BOLT) as a cryptocurrency. It is essential for investors to be aware of these risks and to carefully assess them before making investment decisions.
- Ryan Breslow: Co-founder of Bolt, a one-click checkout technology company, and a co-founder of Eco, a digital cryptocurrency platform.
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