Bulb: Contests, Token Listing & New Tokenomics

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14 Mar 2024
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Web3 blogging site Bulb is about to go through some serious upgrades, including a token listing.

If you’ve followed us for a while, you’re probably aware of the fact that we love Web3 projects. With everything from social media to blog to earn and read to earn projects, Web3 promises us the chance to recover control over our data, be paid for the content we create and poke traditional social media companies like X and Meta straight in the eye while doing so.

However, to succeed in the world of web3, you’ll need a few things to properly leverage and power your project.

  1. An Active Community
  2. A great dev and marketing team
  3. Your own Token
  4. An efficient, fast and low-fee blockchain to power it, and
  5. A good plan and no fear of modifying it should the time come.


Unfortunately for startups, the odds of success are already stacked against you. So, to succeed in this space, you’ll need far more than an idea and a good product. For every Google or Microsoft, there are dozens more that simply never made it.

BulbAPP: A True, Do To Earn Contender

One of our favourite candidates for Web3-based blogging is one we’ve spoken about on many occasions previously. Bulb is a diverse blogging community, covering a wide range of topics and with members based around the world.

While the project is somewhat new, 2023 was the year of the Bulb, with the app growing to over 50,000 users and seeing a distinct upswing in posts, comments and community engagements.

However, like many projects in the crypto world, the platform continues to be developed. This means that features are constantly being added and that the team is open to looking at the roadmap, spam control and token issues when needed and implementing changes if there looks to be a better way of doing things.

With the official Decentralised Exchange launch of the Bulb token approaching in April, the latest March update on the platform included modifications to the tokenomics of bulbs. This modification has been done to encourage the community on the platform to look at the project in a long-term context, as well as attempting to give the bulb token more value through utility and scarcity.

Let’s have a look at what we can expect over the next few months. And keep reading to the end to learn about how you can win a stack of bulb tokens to get yourself established on the platform.


WTF is Tokenomics?

If you’re new to the space, you might need an explanation of what exactly this might be and how it can determine the success of a project.

Tokenomics refers to the economic principles and dynamics governing cryptocurrencies and digital tokens within blockchain ecosystems. It encompasses various components, including token distribution, supply mechanisms, utility, governance, and economic models. Tokenomics determines how tokens are created, distributed, and utilized within their respective ecosystems, influencing factors such as scarcity, value accrual, and market dynamics. Well-designed tokenomics can enhance the value proposition of a cryptocurrency, foster network effects, and incentivize community participation.

However, designing effective tokenomics requires a deep understanding of economic principles, regulatory considerations, and the specific dynamics of blockchain networks to ensure long-term viability and sustainability. Given the speed at which the crypto space can evolve, good tokenomics is often one of the biggest struggles to get right for Web3 projects.


The New Changes

While the best explanation can be found in the updated roadmap, here are some of the more noteworthy changes that will affect how the platform works day to day.

Burns: 250m bulb tokens are to be burnt, and a mechanism is added to ensure 25% of tokens used for transactions on the platform are burnt as well.

Staking: To make it harder for bots and farmers to get a foothold on the platform, Bulb will shift to a stake-to-earn model. This means that the leaderboard position and points earned will be determined by the number of tokens you’re staking on the platform.

Mint Authority: Lastly, the mint authority for the token will be revoked.


In summary, the end result of these changes should result in a project that has strong community engagement and support (staking), a deflationary supply (burns) and a commitment that more tokens won’t be minted in the future (mint authority). While the changes will be in play from 1st April onwards, it’ll take some time after the token listing to see what type of sentiment these changes will bring.

DEX Listing

While the token has had several unofficial liquidity pools over the last few months, for most users the exciting thing comes with the token undergoing an official decentralised exchange launch. This should mean that demand for the token should increase, raising the value through the increase of said demand

While the official launch price is yet to be set, the tokenomics announcement also brought a price range of 0.001–0.005c. While theoretically, increased demand and utility should lead to a greater value, we’ll need to wait and see if this ends up eventuating.

If you’re looking to continue earning tokens on Bulb, remember that in the future value will be assessed by the number of tokens you have stacked. So wise users should allocate some of their tokens toward this future allocation, but like anything in crypto you should assess the situation and make decisions based on your circumstance.


Get Involved & Win Bulb

As long-term users of the project, there's a bit of excitement around what these changes will bring. As believers in the project, the platform benefits when we’re able to bring in new users, particularly those who like to write and produce their own content. However we also get that many are fans of read-to-earn, and given a writer without a reader is as useful as a car without wheels, we’ll be looking to look after both sides of the fence when the competitions start.

To celebrate the launch of BULB, we’re teaming up with bulb user AndrewSaul to run a number of competitions in the final month before launch. We’ll be releasing these on social media, so to earn your self a stack of bulb tokens you’ll need to follow the following accounts so you’re receiving the latest information.

Follow andrewsaul on twitter

Follow our twitter

Follow our crypto telegram

While there will be qualification criterias for the giveaways, the tasks themselves are reasonably simplistic and shouldn’t take too long to complete. We’re talking Memes, social media posts and short format threads on the bulb project. So you won’t need hours' worth of free time to have a shot at winning. You’ll just need a creative imagination and some basic tools to bring these ideas to life

While there's many good contenders trying to perfect the do-to-earn concept, Bulb is on of the best in the space. Come join us, we know you’ll love it.

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