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BullPerks Announce Change in Amount Allocated to Public IDO

btcmanager.com 10 June 2021 20:08, UTC
Reading time: ~2 m

Decentralized venture launchpad platform BullPerks has announced that it has made changes to the amount of its token available for the public IDO. In addition, changes have been made to increase the amount available for the private round sales. 

Significant Changes to IDO Allocation

BullPerks made this known in a report on June 10 with additional details on the new development. The protocol is set to launch an IDO for its token BLP on three different launchPad platforms Zeroswap, Trustpad, and BSClaunch, starting from June 14. According to the report, each launchpad will be allocated 1.5million BLP tokens ($75,000) for the IDO. 

BullPerks further stated that the changes made to the IDO allocation would lead to an immediate increase in its private allocation. It should be noted that the launchpad protocol had announced on June 8 that it was launching a whitelist campaign that would allocate a percentage of its token to 50 lucky winners. 

This latest change to the IDO allocation means that the number of winners for the ongoing campaign has increased to 300. BluePerks states that this increase is part of its mission of allowing more community members to participate in its private sale like other VCs. 

The rules for community members to be eligible for private sale remain the same. They are required to fill out a form and complete some community tasks to qualify for the whitelist campaign. 

Community Driven Decentralized Launchpad 

BullPerks has caught the attention of the crypto community with its ambition to revamp the traditional launchpad system. It is a community-driven multichain launchpad that seeks to create a level playing field in the industry. 

Members will be able to have similar opportunities like venture capitalists to invest in the early stages of innovative blockchain projects and startups. BullPerks is able to achieve this by building a platform that features a transparent and fair tier system. The launchpad is easy for projects to launch their IDO, and users can easily invest in projects by holding BLP tokens. 

BullPerks recently completed a private funding round in May, raising $1.8 million from private investors. The launchpad has also stated that it intends to incorporate other blockchains into its existing ecosystem in the coming months. 

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