BOLENUM

Ultimately, cryptocurrency startups are launching all over the world. However, the continent of Africa – which is already underserved by traditional banking institutions – isn’t as well-represented in the world of cryptocurrency. Bolenum wants to change that. The company is targeting its cryptocurrency and financial services at four countries to begin, including South Africa, Nigeria, Egypt, and Ghana, which together account for over 350 million people. In the future, Bolenum wants to expand globally (with a focus on the Global South).

The next step for Bolenum is to launch its digital token, the Boleno token (BLN). The ICO is scheduled to start on July 15, 2017 and last until August 14.

If Bolenum is successful, the company will be able to expand the use of cryptocurrency across the continent of Africa while solving crucial roadblocks along the way. The three core products offered by Bolenum include a wallet, an exchange, and a Boleno Token.

One issue with Bolenum is that there isn’t a lot of technical information in the company’s whitepaper. The whitepaper is just 7 pages long and provides basic information about the company’s goals and anticipated products. We would like to see more concrete information regarding timelines and project development. We also can’t find any information about the founders of the company, or its executive team.

Ultimately, there are some red flags about Bolenum that need to be addressed. The platform claims to have benevolent goals in mind – but we need a lot more information about the project.