My First Experience Publishing on BULB: WHERE ARE YOU GOING, BULB?
I remember my first experience with publishing on BULB; it was early summer, probably June 2023.
I get there by clicking on the affiliate link of one of the 0xPublish users; however, I don’t exactly remember who that guy is.
My first impression, when I got on Bulb.io, was a little confusing. Most of all, I didn’t have any Solana wallets because I haven’t been involved in this crypto before, but I thought this was a good occasion to take a closer look at it, so I downloaded and set up a Phantom wallet. After that, I created a profile on the Bulb platform.
And then… I just dove into its universe.
The site piqued my interest with its wide range of content. Not only does it have a lot of information on cryptocurrencies, blockchain, Bitcoin, and so on, but it also has a lot of other postings about many elements of life, such as the economy, health issues, tourism, culture life, cuisine recipes, music, book reviews, movie reviews, etc.
But what really impresses me about this website is
With its usefulness as a platform to publish your posts, you can find a number of helpful tools, such as Writing Tips, which gives you very useful recommendations for better writing, or Bulb AI, which assists you in writing and designing a catchy header for your post.
It also has a multitude of excellent analytics tools, allowing you to assess the quality of your content, the reader's reactions to it, the number of points granted, or even Internet traffic from search engines such as Google.
Although at the time I signed up for Bulb.io, the number of registered users was under 2,000, I consider this platform to be very innovative and a very good perspective for fast development.
I could read about interesting features, like buying NFT Emojicons, busting your articles, charging energy points, or tipping other writers. For all of these activities, you could use the platform's native token, called the Bulb token.
Then, I took a look at its white paper, where I found some information about its genesis and overall idea:
"BULB was formed to foster a community in which ideas, enthusiasm, and participation are all valued. BULB is now one of the first do-to-earn blogging services based on the Solana blockchain, and we are motivated to popularize the principles of write-to-earn (W2E) and read-to-earn (R2E). We are happy to be a member of the Web 3.0 movement and to be on the cutting edge of changing the way people read and write online. BULB is essentially a crypto-based blogging platform where you can do W2E and R2E. BULBmojis may be won on the site by authoring, reading, responding to, commenting on, and sharing blog entries.
The more BULBmojis a user accumulates, the more BULB tokens they will be able to earn. BULB Tokens may be used on premium content, NFTs, energy, boost postings, and other platform-exclusive token use cases.
This creates a BULB crypto-economy where engagement is the currency."
As for me, it sounds quite clear and convincing. I could also read:
"BULB is currently one of the first "Do-to-Earn" blogging platforms built on the Solana Blockchain. Users will be able to capture the value created within the community by earning BULB tokens based on their platform engagement, as the value of the underlying crypto token corresponds to the growth of the community and usage of the platform. This is only made possible because of the existence of blockchain technology and cryptocurrency."
What's next? I decided to focus on the bulk token economy.
$BULB is the utility token that allows all BULB platform transactions to take place. The coin is developed on the Solana blockchain and has a fixed quantity of 1 billion tokens. Tokens will be distributed in an equitable manner among BULB and its users.
According to the whitepaper, a chart of token distribution looks this way:
And allocations during the next few years will look like this:
However, the whitepaper, 5th edition, was published in April 2023, so I decided to check in on Solscan on the day of writing this post, and it looks this way:
I suppose the majority of the token is held by the project's developers' team and people who are directly connected with the BULB platform.
However, the Bulb token, recently, has only been used for internal Bulb platform purposes, and its price is only the estimated one. As we can read on its website:
"$BULB Price is calculated based on the latest SOL-USD price multiplied by 0.0005 SOL, which refers to SOL per $BULB. This is based on the estimated token sale price, which is subject to change. For information purposes only."
...and:
"All information contained in this section does not constitute financial advice in any way whatsoever and is provided for illustrative purposes only. Nothing published in this section expressly or impliedly indicates the liquidity, tradability, and other relevant matters of BULB Tokens, nor does it constitute a promise, representation, or conduct of similar intentions in any way whatsoever."
Anyway, in my personal opinion, the Bulb token has great utility for internal use itself (tipping, earning by airdrops and NFTs, making airdrops, buying emojicons packets, upgrading emojiNTFs with a Bulb token, and more).
Abstracting from the above statement, when we take a look at the platform's white paper and analyze its roadmap, we can find a promise of list Bulb tokens at various CExes and DEXes.
And, of course, I hope that this will happen; I'm sure the whole Bulb community wishes that. Although the real price will probably be much lower, of course, it depends on how many investors are going to buy this token and many other factors.
But... I think a hurry isn't a demanded process in this case; if it commits a false start, it will bring more hurt than profit. I think the best example of such a false start will be the listing of the FLOYX token on another WEB3 social platform, where the exchange lowered the listing price of this token without making arrangements with the FLOYX team. It brought a lot of inconvenience.
So, even the second part of this year (2024), when I hope the real crypto-hype will start after the Bitcoin halving, will be the right time.
In recent days, it has been very important to expand the BULB platform community, and as I can see, it is growing very rapidly.
As I remember, at the beginning of December 2023, the number of users was about 5k or even less; at the moment of writing this post, there were over 20k active users.
So the BULB team will be very busy working on the new requirements connected with this situation (the rapid growth of users), and I'm sure they will cope with that.
Ok, that's the end of this post, and what about you? What's your opinion about the BULB platform? Do you have any?