July 26, 2017 7:03 am,
Bolenum is a cryptocurrency payment platform targeted at the continent of Africa. It started its Initial Coin Offering (ICO) on the 15th July, 2017 GMT 8.00 . Apart from South Africa, the service is also offered in Nigeria, Egypt, and Ghana at present. The company provides services through Boleno (BLN), the native token and base asset of Bolenum. This project aims to create an end to end remittance service powered by the Ethereum blockchain.
A total of 1,00,00,000 Boleno Tokens will be created during the ICO period out of which 50% will be available to the public through ICO and the rest will be put in circulation. During the ICO period, the Boleno Token will be issued at the price of 0.02 ETH.
For purchasing the Boleno Toekns, you need to send the amount of Ether which is respectively equivalent to the amount of tokens you want to purchase. While filling that up, you need to mention the Ethereum Addres where you want the tokens to be transferred to.
After the completion of the ICO, the number of tokens and the funds raised will go towards the development of the project. The development of the project includes research, development, launch as well as the overhead costs along with marketing and promotion. The promotion will be of the African continent and be made globally. The rationale behind the project would be made public in proper official white paper that will be released on the website with the details of the planned phases of the project.
Even after just 5 days of opening its ICO, it still has gained momentum and its cover stories and updates are being covered by a number of medias and a series of news websites. Being a new sensation across the globe, all the posts and updates related to it will definitely be posted upon its website every now and then. With the world racing on being tech-savy, this is one of the biggest and newest upgradation of the generation that has started from a place that has very few sources of minimal food and water.