$30 489 548
$8 700 000
Team and advisors are really strong with vast experience in blockchain. First ICO on zilliqa with support from Switcheo will add icing on the cake for Bolt. They already have app running which looks promising.Will review the project once when complete ICO details will be available.
Passed on that. They were the winners of my Bucharest world tour.
The market for online entertainment content is quite saturated and has several large players, including YouTube, Instagram, Snapchat, and others.
The mainnet of the underlying Blockchain - Zilliqa - has not been launched yet. There is no guarantee that it will be launched as expected. The product usecase is weak and does not seem to overtake YouTube. The requirement to pay fees for the YouTube-like service makes the use-case feasibility even lower. he roadmap is mediocre.
NEP-5 tokens are supported on far less exchanges than ERC-20 tokens and usually suffer from low liquidity. The fact that users can pay with fiat money or Bolt tokens could limit token adoption. Even though there are savings to be made by paying with tokens, people tend to stick to what they know.
DApps generally have low upside potential in terms of market cap. The valuation of $30M is quite high for a dApp.
Overall the team does not seem outstanding. The fact of co-founding "Channel 9" by one of the team members cannot be validated. The team is scattered around UK, Hong Kong, and Malaysia. There are no people with blockchain experience within the team. There are no advisors from Zilliqa while BOLT aims to launch its platform on their blockchain platform.