The mission statement of Bolton team says that they will provide a solution to the present day challenges peculiar to the investment environments of crypto - significant volatility - and traditional - high entry barriers that preclude small investors from entering the playing field. They decided to tackle this issue by creating a hybrid investment model that will combine the best characteristics of both worlds: easy access and high profitability of cryptocurrencies as well as stability and protectedness of traditional assets. The designated goal is going to be achieved by means of tokenization of three methods of profit earning: cryptocurrency mining, real estate, and trading in commodities. The Bolton Finance Coin (BFLC), the ERC-20 security token backed by real assets, will be issued in the amount of 1.6 billion coins for this purpose. The distribution of BFLC will take place during STO’s private and public sales.
The private sale of tokens was due to end on February 28; the public stage of STO is planned to begin on the 1st of March 2019.
The Bolton Finance Coin, as well as the entire Bolton network, is being developed by the legitimate high-profile investment group called Bolton Holding LTD that is based in Dubai, UAE. The company’s history dates back to 1967, when it was established as Bolton AG in Switzerland. However, the token issuer is indicated as BFCL LLC, which is, apparently, the Holding’s subsidiary registered on Grand Cayman Island.
Dr. Roberto Diomedi bears the title of the CEO and the founder of BLFC. Before obtaining this position, he occupied the post of the president of Bolton Holding Group, and prior to that Mr. Diomedi worked as the director at the Bennet Financial Group.
The rest of the BLFC team is also comprised of many established professionals in the area of investment, such as Wael Marzouk, a Harvard University graduate who specializes in commodities trading, and Sonia Travaini, the COO and the experienced business strategist.
The core concept of Bolton is to make such markets as luxury real estate, equity, precious metals, and cryptocurrency mining attainable for common investors. Apparently, the principal accent will be made on profits derived from the BTC mining assured by, as Bolton puts it, “ultra-low-cost electricity”. The source of that electricity, as well as the location of mining farms, are not disclosed.
However, it is well known that the industry of crypto mining is currently going through a really tough time, the promises of high return on investments in mining alone have a sense of hollowness to them.
BLFC came up with a solution which implies counterbalancing the potential losses from BTC mining with profits made from operations with real estates, gold & diamonds, and other tangible assets, which will be managed by the expert financiers from the Bolton Holding. The received profits will be distributed on a regular basis among all participants in the Bolton network in the form of BLFC token. The coin itself is the usual ERC-20 token which offers nothing interesting technology wise.
Currently, BLFC is more of interest as an investment tool, not as a technical solution. But the Bolton Holding devised an ambitious plan that consists of developing their own crypto exchange followed by the introduction of the BFLC blockchain, due to happen this spring.
Right now, Bolton Coin is at the stage of the private sale with the price of 1 BFLC estimated at $1. The STO features both airdrop and bounty programs. The hard cap was set at $549 million. Investors from the US and China are not allowed to participate in the STO.
The ICO reviewing platforms gave Bolton Coin mixed to favorable reviews.
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