Bubbletone ICO (UMT)
Blockchain in Telecom
Start Date
02 Feb, 2018
End Date
15 Jun, 2018
Bubbletone Score Analysis
Bubbletone has a clear vision and what it aims to accomplish can be seen in its MVP, which is already available for download on iOS and Android. Bubbletone relies on team members and advisors that together create a team with substantial experience in both blockchain and telecommunications, which are crucial for the success of this project. Moreover, the project seems to receive a positive response from the community. From another standpoint, Bubbletone is partnership-dependent, which might harm the project in markets or countries in which local telecommunication providers might not cooperate with it. Furthermore, some of Bubbletone’s competitors are worldwide service providers who rule the market and will be an obstacle both in attracting clients and creating partnerships.
Bubbletone Use of Token
UMT is Bubbletone's ICO token. UMT is an Ethereum based ERC20 token. There is a total of 1 billion UMT tokens. 50% of the tokens will be sold during the ICO (unsold tokens will be burned via a smart contract following the ICO). 22% of the total amount of UMT tokens will be allocated for a ""Network Development Fund"", 20% will be awarded to the founders, 7.8% will form a ""Team and Community Development Fund"", and 0.2% will be set aside for the ""Bounty Fund"". UMT Tokens are utility tokens that will be used for payment of mobile plans within the ecosystem, and it will be also used for creation of smart contracts on Bubbletone's blockchain. UMT tokens will be also used as a reward for miners. The platform will also utilize another token known as SDR token. It is a stable token pegged to Special Drawing Rights (SDR). SDR tokens represent the unit of accounting of the International Monetary Fund (IMF) (backed up by 5 major fiat currencies) for International Settlements, which will be used for settlement of mobile carriers.
Organization
Bubbletone
Platform
Graphene
Coin type
Utility Token
Category
Communications
Soft cap
1 ETH
Max cap
15,000,000 ETH
Max supply
1,000,000,000 UMT
Price
0.00025 ETH
Bubbletone Token Sale Stages
- Stage
- Start date
- End date
- Amount of Tokens
- Price
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Bubbletone Distribution
Bubbletone Team Members
Bubbletone Advisors
Bubbletone Past Events
- 31 March, 2019
Initial version of smart contracts is ready, first “Offer” and “Request” are on the platform, demonstration of Mobile World Congress in Barcelona (February 2018), and integration with major eSIM platforms to download mobile profiles onto SIM cards.
- 30 June, 2019
Web-API for integration of mobile operators and service providers, integration of digital identity into BubbleTone app, commercial launch, with “Offers” from 10+ mobile operators, low rates in 80+ countries..
- 30 September, 2019
Global mobile profile approval by International Telecommunication Union, update mini nodes to participate in processing smart contracts, new features in the BubbleTone app: voting platform, 4K video conferences, and transfer of money or cryptocurrencies.
- 31 December, 2019
Expanding list of mobile operators and service providers connected to BubbleTone Blockchain Ecosystem.
- 31 December, 2019
Signing agreements with mobile operators worldwide to activate the Global Mobile Profile, first prototype of a global SIM-chip to be embedded into mobile devices, first one million transactions are processed, creating a public offer for all mobile device vendors to implement the Global Mobile Profile, BubbleTone is the global decentralized distributor of mobile devices connecting to home carrier and abroad carriers, expanding list of mobile operators and service providers connected to the BubbleTone Blockchain Ecosystem, 10 million transactions are processed.