Bolt CTO Update from Christel Quek (1)2 Dec 2021 10:46
The token utility will happen sooner than you think, but we won’t pre-announce launches but just unveil when it’s ready.
Staking is the first step but there will be more ways to use $BOLT across all the products we have developed in the last three years - BOLT+ & boltplus.tv, BoltX on phones and as a web wallet, and XChange.
Our vision has always been clear since the start of 2021- creative and financial freedom for creators and fans. For us to not just build but deploy the decentralised version of YouTube/Twitch - a streaming platform by creators for creators.
Just think - we have over 700+ live streams on BOLT+. We have NFT support and integrated Decrypt, Coingecko in BoltX. Our BoltX extension can be used on Zilswap and is the only cross chain solution which supports the ZilBridge function for directional swaps between Ethereum and Zilliqa pegged tokens. Our BOLT+ service is also live on Hisense Smart TVs globally and comes pre-installed on every new TV since the middle of 2020.
Would have been easier if we just forked Uniswap and deployed it on Avax or BSC and done “the crypto thing”. The best things take time. Rome wasn’t built in a day as Jamal has said.
Regarding the RTO, this benefits everyone in the ecosystem since the raise will allow us to accelerate on our growth plans. It will also give us the elevated credibility and visibility as a publicly traded company (like Coinbase has) to set a new standard for how DeFi platforms and digital assets are onboarded to the masses. We can be an avenue for other players who want to dip their toes into DeFi and get some exposure in their portfolio (similar to how many funds don’t actually buy Bitcoin but get into ETFs)
Few have asked how we have managed to build it all. The truth is we are nothing without our team and it has taken a lot of creativity, grit and resilience to get us here. We have 40+ people across the world in UK, SG, China, India, Philippines, Malaysia, US across 13 nationalities. Our team comes from alumnus including Tencent, Goldman Sachs, Twitter, P&G, GE Capital and more. We have built far more to date than many other well funded companies in the space. Both Jamal and I are immensely proud of our team and what we have achieved to date. The exciting thing is that this is just the beginning for us.
The AMA will be a great one - we will share some high level plans on $BOLT utility, our NFT play which will kick off from Staking and ramp up from Q1. We will also be doing more on Twitter, and PR to ramp up our activities towards the RTO. Our 3 websites (yes I said 3) are getting a big refresh with more information added for boltplus.tv, BoltX.app, bolt.global