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BOLT TGE FINAL 2019 - EN

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Discover the WhitePaper of BOLT, the World's Largest Mobile Wallet, Powered by Content. Built on Zilliqa.

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BOLT TGE FINAL 2019 - EN

  1. 1. The World’s Largest Mobile Wallet, Powered by Content UPDATED: 30TH DECEMBER 2018 B O L T . G L O B A L Built on Zilliqa
  2. 2. Founders Letter Progress Update The Opportunity A Brief History of BOLT Problem Statement An Opportunity to Decentralise Introducing The BOLT Ecosystem Our Mission and Vision The BOLT Ecosystem BOLT Ecosystem Partners Driving Utility Value of the BOLT Token BOLT Token Value and Repurchasing Plan Roadmap Token Distribution Team BOLT Management Team Board of Advisors Legal Disclaimer
  3. 3. BOLT is the manifestation of this dream. We wanted to bring great content that was informational, uplifting and localised for emerging markets. We wanted to ensure that such content would also be interactive, bandwidth friendly, and accessible on Mobile. We wanted to give people access to the content they would find meaningful, while allowing creators to get rewarded by virtue of the BOLT ecosystem expansion — without the complexities of share issuances- and provide insulation against the fluctuation in emerging market currencies.  So we built BOLT as an ecosystem on the Blockchain to provide an in-ecosystem store of value which increases as utility increases.  We built BOLT on a core set of values centered around transparency, collaboration, and innovation. These values drive how we work with our community and how we engage with our users. We believe that BOLT can be a win-win for creators and users to mutually unlock value by participating equally in the ecosystem- whether by contributing a news highlight from Tanzania or subtitling a Korean music video into Bahasa Indonesian. BOLT users can accumulate the BOLT tokens to be used within the ecosystem, or exchange it for other popular tokens which can be bartered in their respective fiat values. As founders, we share the common thread that our passions were at the intersection of stories and technology - never one without the other. Over time, we realised that by combining our passions, we could create new paradigms — one that would empower the creative community and uplift a whole generation who were just starting to get on the information highway. Building an Interactive, Global Ecosystem of Meaningful Creativity
  4. 4. Jamal Hassim Founder & CEO Christel Quek Co-Founder & CCO Today, BOLT is a year old and has already accumulated close to 4 million users from Kenya to Malaysia. We have piloted a new program of rewarding our content creators with the value of the ecosystem growth, as we believe that our ecosystem is as valuable as their participation and the content they share on the platform. We are educating, informing, and delighting millions of fans, one day at a time, across multiple genres such as football, news, and music.  Video is just the beginning for us.  We are a mobile first platform — and we have bigger aspirations. We envision a cultural town-hall that is driven by global pockets of meaning for our users. We want to connect immigrants in Malaysia to news back home in Bangladesh. We want to enable someone in Indonesia to discover the artistry and creativity of a musician from Kenya. This starts with providing an immersive user experience starting with video, but we intend to expand into audio, and use that as enablers for verticals such as health, education, and even micro-finance. We want to connect users all around the world to content and conversations that will matter- and help shape their day for the better. Our mission is to democratise the chain between content producers and users. Our vision is to build an interactive town-hall of shared moments that will expand our horizons.  We know that to succeed as a company and a movement we need to be unrelenting in our mission, focused in our planning and flawless in our execution. Everyone who partners with us  — investors, employees, users, the creative community —are integral in our goal to achieve our mission with the highest standards possible.  That is why we are writing to you today — to thank you for being a part of what we want to do here at BOLT. That by being a part of BOLT, you are also part of our movement to build a better world together —  in empowering creativity, and delivering a flawless, immersive experience for our users. We firmly believe that in the long run, these priorities will provide greater returns to all our stakeholders.  Being a part of BOLT is being part of a mission to change the game and break through the mould. Let us build a movement of local cultures going global, where we can bond creativity, connections, and discovery together. That is the future we envision, and with your contribution, we will make this happen.  Let us come together to change the world, one story at a time.  Thank you for reading.
  5. 5. 6 months have elapsed since we released the first edition of our whitepaper. Since then, the BOLT team has progressed the ecosystem across partnerships, operations, and technology. Our goal is to continue building strong fundamentals for increasing the utility value of our BOLT Token ecosystem. BOLT secures International Cricket Council Cricket World Cup 2019 Broadcast Rights August 2018 BOLT is integrated with M-PESA (30M people in Africa and Eastern Europe) September 2018 BOLT launches office in Nairobi, Kenya with local partners including Nation Media Group October 2018 BOLT pilots Content Ambassador Model with top YouTubers in Kenya, with more countries to follow November 2018 What’s the Progress?
  6. 6. BOLT signs Digi Partnership (over 11M subscriber base) for BOLT Token Bundling with Mobile Data December 2018 Finalising Strategic Partnership for BOLT Token Utility with a Financial Services Group December 2018 Finalising Strategic Partnership with a Global Electronics Manufacturer January 2019 Launch of BOLT Token Only Program for Premium Cricket (1B audience) & Football (2B audience) February 2019 6 months have elapsed since we released the first edition of our whitepaper. Since then, the BOLT team has progressed the ecosystem across partnerships, operations, and technology. Our goal is to continue building strong fundamentals for increasing the utility value of our BOLT Token ecosystem. What’s the Progress?
  7. 7. BOLT is an operational, mobile focused video content platform centred on delivering live (e.g. Live TV, Premium Sports) and Trendy video highlights (<5 min in duration per clip) to emerging markets that are constrained by bandwidth. Today, we have users streaming our service on web and Android. (iOS releasing soon) Micro-transactions paid through local telco for access to BOLT Users paying for 1 week, or monthly access (price points of approximately USD 0.10 to USD 1 respectively) through their existing telco data bundle or airtime billing. Less data consumed per hour for High Definition streaming We have proprietary know-how to stream high- definition video at 250MB/hour vs 3GB/hour by other operators such as YouTube or Netflix. This is due to our Mobile-only focus, which allows us to process incoming streams in dramatically smaller packet sizes for efficient data consumption. This is a necessity for an optimal streaming experience in the emerging markets. A robust partner ecosystem across telcos, broadcasters, gaming, and education We have licensing agreements with a range of leading partners including International Cricket Council, highlights of premier football/soccer leagues and major tournaments, Al Jazeera, ViKi Rakuten, Reuters, and AFP. A Brief History of BOLT
  8. 8. Emerging Markets have trouble accessing/paying for digital services economically. We’re working to solve that through the power of the Blockchain 1. No Bank Account, No Credit Cards. Many users  in emerging markets  (3B people globally) are underbanked (no credit card, minimal use of bank account) 2. High Commissions charged by Payment Gateways/Middlemen. The most convenient/scalable solution for access was utilising payment gateways (e.g. provided by telcos) where telcos will receive a 30% commission from the digital service provider 3. Minimum charge per user transaction is not pegged for the masses. Through 3rd party providers (e.g. Google Pay, Fortumo), the minimum charge per transaction can range from USD 1 and upwards. In markets where average salaries are less than USD 10/week, this limits access to the underserved.  4. Payment Gateways are Local in Nature, not for Global Scalability. Integrating such gateways often requires significant tech and implementation investment (per telco, per 3rd party partner, per market, which brings up to almost 4-5 options per country). This limits global deployment and rapid scalability for any solution provider 5. User Pays Instantly, Business Collects Revenue 120 days later. Credit terms from middlemen (payment gateways) can range from 120-150 days after user pays for access - limiting cash flow/ liquidity for digital service providers. 6. Allowing More Content/Service Developers to Monetise. Thousands of creative content producers have trouble monetising their content and to be able to operate in an independent and sustainable manner.
  9. 9. A ripe opportunity for decentralisation Existing access to entertainment has too many middlemen. Excessive mark-ups lead to higher costs for end-users & lacklustre incentives for content partners -$ -$ -$ User Telco BOLT Content Partner An opportunity to decentralise: Currently, 30-40% of revenue that goes through telco providers are lost as an entrance fee for BOLT to bill customers through a telco payment gateway. Furthermore, telcos require a minimum price point of USD 0.10 to process payments, which exposes a market gap where users are not able to access BOLT due to insufficient mobile credit balance. Business/Liquidity efficiency: Partners get compensated instantly by tokens they accumulate through user transactions within the BOLT ecosystem, instead of awaiting for 120-day payment terms from payment gateways. Bundling BOLT Tokens with telco data bundles: To increase our user base amongst the masses (i.e. anyone purchasing a data plan), BOLT would also be working on bundling deals with telcos, to encourage Bolt Token usage across the service.
  10. 10. Users The World’s First Open Entertainment Economy Built on Zilliqa, the world’s first high speed and secure public Blockchain platform BOLT allows partners to bill users for their services with the single BOLT token, instead of using a basket of fiat currencies in emerging markets. The value of the BOLT Token is determined by the level of activity and the demand for its services within the ecosystem. The value of the BOLT Token is secure and tamper-proof - BOLT Tokens cannot be counterfeited or toppled by political regimes. BOLT partners get instant liquidity should they choose to exchange the BOLT Token for Bitcoin or Ethereum on cryptocurrency exchanges. The BOLT Token is the utility token which makes the system work. Tokens are required to access services on the platform, but there are a number of ways for users to earn tokens by participating in the community. Those who publish content can earn tokens from those who view that content. Those who help the community by voting on content or participating in community based content moderation can earn tokens. Those who want to translate content into a different language will earn tokens. BOLT’s community tasks can be voted on and prioritised by the community to decide the value of tokens allocated to each task. The result is that users can choose how the platform operates for them - they can be contributors or consumers, but the super-profits currently earned by centralised social media platforms will not exist. The value exchange in the BOLT ecosystem is entirely among network participants. Telcos Content Services
  11. 11. We have seen how existing social media and video content platforms such as YouTube fail to deliver the services required by most of the world’s population. But here’s the why - Their high bandwidth consumption makes them ineffective and expensive in the developing world where mobile network infrastructure cannot support 4G and 5G. Their centralised business models which collect your data and “sell you” to advertisers is increasingly unattractive. They are unable to mobilise the community to self censor and moderate to community-determined standards. In short, they exist to profit from their users, not to serve them.
  12. 12. Our mission is to democratise the chain between content producers and users. Our vision is to be the world’s largest mobile wallet that is powered by content. We want to connect immigrants in Malaysia to news back home in Bangladesh. We want to enable someone in Indonesia to discover the artistry and creativity of a musician from Kenya. This starts with providing an immersive user experience starting with video - to bridge users all around the world to content and conversations that will matter- and help shape their day for the better. The Blockchain is an enabler for the growth and scalability of this ecosystem. Over time, the Blockchain simply becomes the invisible engine that is powered by a fuel of content, community, and conversations.
  13. 13. Bolt-Tokens upon sign up Existing user Tokens bundled with telco data plans For mass adoption BOLT Wallet First time user Tokens are not burnt but reissued within the system Pay In Earn Via: Completing Tasks BOLT Content e.g. subtitling, micro-tasks Micro- Data BOLT Education “Starter Pack” EcosystemThe The BOLT Ecosystem will fundamentally be a suite of decentralised services powered by Zilliqa- enabling direct, secure access between content providers and consumers. No bank account is needed to join. BOLT tokens are capped at 1 billion tokens.
  14. 14. BOLT can be accessed in multiple ways. General Access: There will be fiat and token payment options. However, there will be discounts available to users who choose to pay using the BOLT token vs fiat (refer to section on token value and repurchasing plan) Premium Access: This allows us to reward BOLT token holders with premium content such as cricket content from the International Cricket Council, or micro-data bundle boosters (e.g. 10MB and upwards) which are available for BOLT token holders. Access to High Velocity Moments Events on a mass scale (such as the Cricket World Cup 2019, which would have an estimated audience interest size of 2.5B people) would be instrumental in driving demand for the BOLT Token. Access to BOLT Tokens are made available either as rewards for task completion within the BOLT Ecosystem, or traded with other trading pairs on exchanges where the BOLT Token is listed BOLT GLOBAL Discounted access compared to fiat OR General Access Premium Access BOLT Token Holders Only Cricket World Cup 2019 Direct Carrier Billing BOLT Token Mobile Data Booster Packs tokenUtility of the
  15. 15. Token Value and Repurchasing Plan BOLT Token holders can use the BOLT token to pay for any fees on our platform; including but not limited to: 1. Access to BOLT service (unlimited content, limited time) 2. Advertising Inventory 3. Premium Content e.g. Cricket World Cup (BOLT token only) 4. Micro Data Bundles (BOLT Token only) When BOLT Token holders use BOLT Tokens to pay for fees, they will receive a significant discount; 1. 1st Year: 50% 2. 2nd Year: 25% 3. 3rd Year: 12.5% 4. 4th Year: 6.75% 5. No Discount Repurchasing Plan and Token Burn Every quarter, we will use 20% of our profits to buy back BOLT Tokens and destroy them, until we buy 40% of all the BOLT Tokens (400M) back. All buy-back transactions will be announced on the blockchain. We eventually will destroy 400M BOLT Tokens, leaving 600M BOLT Tokens remaining.
  16. 16. Ecosystem and Partners Built on Zilliqa - the Fastest Public Blockchain Platform Built on Zilliqa, the fastest public blockchain platform. Zilliqa is capable of a throughput of 2,488 transactions per second. In contrast, Ethereum achieves 7-10 transactions per second while Bitcoin’s Blockchain achieves 1-3 transactions per second. Zilliqa’s main-net will be launched in Q1 2019. Based in Singapore, Zilliqa has raised USD 22M in its recent token generation event. More than Entertainment - venturing into Education Partnership with Oxademy, an online business service from Oxford to develop continuing education courses for BOLT. Oxademy has blended a first-of-its-kind knowledge-driven artificial intelligence (AI) cloud infrastructure called OX360 which identifies each learner's strengths and weaknesses and generates learning paths based on individual learner’s behaviour. Certificates will be issued and validated on BOLT’s smart contract for users who have successfully completed educational video content courses on BOLT. BOLT Education intends to play a role in uplifting communities via mobile learning that is both portable and convenient. Opportunities for Secure Liquidity Partnership with Switcheo Network, the first multi-blockchain decentralised exchange (DEX). Switcheo is a no-frills DEX which enables 1-click login (private key or Ledger login). Coupled with a user-friendly interface and powered by Smart Contracts, Switcheo is backed by NEO Global Capital, Open Platform, and Bridge Protocol. BOLT will allow for transfers from fiat payments to BOLT Tokens on existing platforms by linking directly to Switcheo. The Switcheo founders, both of which are advisors to BOLT, will be spearheading the initiative for a seamless integration between Switcheo and BOLT.
  17. 17. Ecosystem and Partners Flagship Entertainment Partners Flagship Telco Partners 8M subscribers in Malaysia 11.5M subscribers in Malaysia 18M subscribers in Indonesia 24M subscribers in Bangladesh BOLT has an existing network of content, technology and telco partners which currently powers the BOLT ecosystem of over 3 million users across Asia and Africa. BOLT will include them within the title partners powering The BOLT Network. Global Football Highlights BKash
  18. 18. An exciting Roadmap for growing use in Emerging Markets and Beyond PHASE 1.0 BOLT NETWORK Globally scalable system for fast, secure access to entertainment. Powered by Zilliqa. Tokens also provide additional utility by giving discounts when used, compared to fiat gateways. 20% of BOLT profits is burnt (in tokens) per year, similar to a Binance model for the BNB token. Test-net: Q1 2019 Main-net: Q2 2019 PHASE 2.0 BOLT DATA BOLT tokens are bundled with data plans with telcos for mainstream adoption Users can use their tokens to purchase data bundles globally Q1 2019 PHASE 3.0 BOLT GLOBAL Thriving network of telcos and content partners around the world, including emerging markets like Bangladesh, Kenya, Malaysia, with more users added as the network scales with additional partners Q3-Q4 2019
  19. 19. Token Distribution Shorthand symbol: “BOLT” Type of Token: ERC-20, future swap to Zilliqa tokens Tokens available at Private TGE: 400,000,000 Tokens Exchange rate: 1 BOLT = USD 0.03 Total supply: 1,000,000,000 Tokens BOLT Tokens Distribution Summary: 40% (400,000,000 BOLT Tokens) will be allocated to the Token Generation Event; 15% (150,000,000 BOLT Tokens) will be distributed to BOLT Research. BOLT Research as a separate entity will lead future research and development of BOLT. It will also spearhead the marketing and community engagement and support for BOLT’s future development. The vesting period is going to be 3 years with 33.33% vesting every year on a quarterly basis. 20% (200,000,000 BOLT Tokens) Strategic & Content Partners; 20% (200,000,000 BOLT Tokens) The BOLT team is responsible for the initial vision, design, implementation and rollout of BOLT. The vesting period is going to be 3 years with 33.33% vesting every year on a quarterly basis. 5% (50,000,000 BOLT Tokens) allocated as rewards for BOLT Community Contributors Use of Funds: 60% - Research and Development, Implementation of BOLT 20% - Ongoing company operating expenses 10% - Legal and consulting services 10% - Reserves 60% of collected funds will be spent on research & development and implementation for BOLT. The rest will be allocated for wages, offices, and legal and consulting services, with 10% of funds kept in reserve.
  20. 20. BOLT is run by a proven network of Digital Strategists, Venture Builders, Media Veterans Today, we have over 30 people across 4 offices, hailing from some of the largest companies in the world. All of us have one thing in common - to build a meaningful, global movement for the underserved. JAMAL HASSIM Founder & CEO CHRISTEL QUEK Co-Founder & Chief Commercial Officer
  21. 21. RADZI HAMID Head of Corporate Affairs ERFI AZHAR Head of Design & User Experience JULIAN JACKSON Head of Content NIALL DEEGAN Head of Technical Operations LYNN MORALES Head of Digital Operations JEAN POIREAU Head of Partnerships BOLT is run by a proven network of Digital Strategists, Venture Builders, Media Veterans Today, we have over 30 people across 4 offices, hailing from some of the largest companies in the world. All of us have one thing in common - to build a meaningful, global movement for the underserved.
  22. 22. GRAHAM DUNCAN Head of Finance THOMAS ALEXANDER Marketing Manager JOSI MAIA Data Analyst ALVIN AUSTRIA Systems Manager KING’ORI MUITO Country Manager, Kenya JOHN PETERSON Bolt Token Project Manager BOLT is run by a proven network of Digital Strategists, Venture Builders, Media Veterans Today, we have over 30 people across 4 offices, hailing from some of the largest companies in the world. All of us have one thing in common - to build a meaningful, global movement for the underserved. RACHEL TABITHANYA Content Production CHARLIE MACRAE-TOD Executive Producer
  23. 23. LAURMEL NIPAL Broadcast Executive SYAZWAN SANIM Content Executive ANYA BAHARUDDIN Social Media Executive WANIE RAHMAN Product Executive AL AMIN Systems & Content FAIZZAIN FAZLIN Systems Executive BOLT is run by a proven network of Digital Strategists, Venture Builders, Media Veterans Today, we have over 30 people across 4 offices, hailing from some of the largest companies in the world. All of us have one thing in common - to build a meaningful, global movement for the underserved. ANWAR JAMAL Partnerships Executive SHAZWAN SYAHRUNIZAM Partnerships Executive
  24. 24. BOLT is advised by a diverse team of specialists who are leading experts in their fields of expertise WILLIS WEE Founder, Tech In Asia IVAN POON Founder, Switcheo Exchange JACK YEU Co-Founder, Switcheo Exchange TREVOR HEALY Managing Partner, Sansa Advisors ELLIOTT TALBOTT Ex-Aerospace Program, Facebook DAN LIEBAU Founder, Lightbulb Capital STEVEN PANG Blockchain Advisor, Investor MATTHEW CANNON Co-Founder, Lightbulb Capital What unites them all is a common alignment to our mission - to democratise the chain between content producers and users
  25. 25. Legal Disclaimer IMPORTANT NOTICES
 
 GENERAL PLEASE READ THIS NOTICE SECTION AND THE FOLLOWING SECTIONS ENTITLED “DISCLAIMER OF LIABILITY”, “NO REPRESENTATIONS AND WARRANTIES”, “REPRESENTATIONS AND WARRANTIES BY YOU”, “CAUTIONARY NOTE ON FORWARD-LOOKING STATEMENTS”, “MARKET AND INDUSTRY INFORMATION AND NO CONSENT OF OTHER PERSONS”, “NO ADVICE”, “NO FURTHER INFORMATION OR UPDATE”, “RESTRICTIONS ON DISTRIBUTION AND DISSEMINATION”, “NO OFFER OF SECURITIES OR REGISTRATION” AND “RISKS AND UNCERTAINTIES” CAREFULLY. IF YOU ARE IN ANY DOUBT AS TO THE ACTION YOU SHOULD TAKE, YOU SHOULD CONSULT YOUR LEGAL, FINANCIAL, TAX OR OTHER PROFESSIONAL ADVISOR(S). The BOLT tokens are not intended to constitute securities in any jurisdiction. This Whitepaper does not constitute a prospectus or offer document of any sort and is not intended to constitute an offer of securities or a solicitation for investment in securities in any jurisdiction. This Whitepaper does not constitute or form part of any opinion on any advice to sell, or any solicitation of any offer by the distributor/vendor of the BOLT tokens (the “Distributor”) to purchase any BOLT tokens nor shall it or any part of it nor the fact of its presentation form the basis of, or be relied upon in connection with, any contract or investment decision. Any agreement as between the Distributor and you as a purchaser, and in relation to any sale and purchase, of BOLT tokens (as referred to in this Whitepaper) is to be governed by only a separate document setting out the terms and conditions (the “T&Cs”) of such agreement. In the event of any inconsistencies between the T&Cs and this Whitepaper, the former shall prevail. You are not eligible and you are not to purchase any BOLT tokens in the BOLT Token Generation Event (as referred to in this Whitepaper) if you are a citizen, resident (tax or otherwise) or green card holder of the United States of America and the People’s Republic of China. 
 No regulatory authority has examined or approved of any of the information set out in this Whitepaper. No such action has been or will be taken under the laws, regulatory requirements or rules of any jurisdiction. The publication, distribution or dissemination of this Whitepaper does not imply that the applicable laws, regulatory requirements or rules have been complied with. 
 There are risks and uncertainties associated with BOLT and/or the Distributor and their respective businesses and operations, the BOLT tokens, the BOLT Token Generation Event any other operation (each as referred to in this Whitepaper). 
 This Whitepaper, any part thereof and any copy thereof must not be taken or transmitted to any country where distribution or dissemination of this Whitepaper is prohibited or restricted. No part of this Whitepaper is to be reproduced, distributed or disseminated without including this section. and the following sections entitled “Disclaimer of Liability”, “No Representations and Warranties”, “Representations and Warranties By You”, “Cautionary Note On Forward-Looking Statements”, “Market and Industry Information and No Consent of Other Persons”, “Terms Used”, “No Advice”, “No Further Information or Update”, “Restrictions On Distribution and Dissemination”, “No Offer of Securities Or Registration” and “Risks and Uncertainties”.
  26. 26. Legal Disclaimer DISCLAIMER OF LIABILITY
 To the maximum extent permitted by the applicable laws, regulations and rules, BOLT and/or the Distributor shall not be liable for any indirect, special, incidental, consequential or other losses of any kind, in tort, contract or otherwise (including but not limited to loss of revenue, income or profits, and loss of use or data), arising out of or in connection with any acceptance of or reliance on this Whitepaper or any part thereof by you. 
 NO REPRESENTATIONS AND WARRANTIES BY BOLT
 BOLT and/or the Distributor does not make or purport to make, and hereby disclaims, any representation, warranty or undertaking in any form whatsoever to any entity or person, including any representation, warranty or undertaking in relation to the truth, accuracy and completeness of any of the information set out in this Whitepaper. REPRESENTATIONS AND WARRANTIES BY YOU
 By accessing and/or accepting possession of any information in this Whitepaper or such part thereof (as the case may be), you represent and warrant to BOLT and/or the Distributor as follows:
 (a) you agree and acknowledge that the BOLT tokens do not constitute securities in any form in any jurisdiction;
 (b) you agree and acknowledge that this Whitepaper does not constitute a prospectus or offer document of any sort and is not intended to constitute an offer of securities in any jurisdiction or a solicitation for investment in securities and you are not bound to enter into any contract or binding legal commitment and no cryptocurrency or other form of payment is to be accepted on the basis of this Whitepaper;
 (c) you agree and acknowledge that no regulatory authority has examined or approved of the information set out in this Whitepaper, no action has been or will be taken under the laws, regulatory requirements or rules of any jurisdiction and the publication, distribution or dissemination of this Whitepaper to you does not imply that the applicable laws, regulatory requirements or rules have been complied with;
 (d) you agree and acknowledge that this Whitepaper, the undertaking and/or the completion of the BOLT Token Generation Event, or future trading of the BOLT tokens on any cryptocurrency exchange, shall not be construed, interpreted or deemed by you as an indication of the merits of the BOLT and/or the Distributor, the BOLT tokens, the BOLT Token Generation Event.
 (e) the distribution or dissemination of this Whitepaper, any part thereof or any copy thereof, or acceptance of the same by you, is not prohibited or restricted by the applicable laws, regulations or rules in your jurisdiction, and where any restrictions in relation to possession are applicable, you have observed and complied with all such restrictions at your own expense and without liability to BOLT and/or the Distributor;
 (f) you agree and acknowledge that in the case where you wish to purchase any BOLT tokens, the BOLT tokens are not to be construed, interpreted, classified or treated as: (i) any kind of currency other than cryptocurrency;
 (ii) debentures, stocks or shares issued by any person or entity (whether BOLT and/or the Distributor) (iii) rights, options or derivatives in respect of such debentures, stocks or shares;
 (iv) units in a collective investment scheme;
 (v) units in a business trust;
 (vi) derivatives of units in a business trust; or (vii) any other security or class of securities. (g) you are fully aware of and understand that you are not eligible to purchase any BOLT tokens if you are a citizen, resident (tax or otherwise) or green card holder of the United States of America and the People’s Republic of China,
 (h) you have a basic degree of understanding of the operation, functionality, usage, storage, transmission mechanisms and other material characteristics of cryptocurrencies, blockchain-based software systems, cryptocurrency wallets or other related token storage mechanisms, blockchain technology and smart contract technology;

  27. 27. Legal Disclaimer (i) you are fully aware and understand that in the case where you wish to purchase any BOLT tokens, there are risks associated with BOLT and the Distributor and their respective business and operations, the BOLT tokens, the BOLT Token Generation Event. (j) war or acts of international or domestic terrorism;
 (k) occurrences of catastrophic events, natural disasters and acts of God that affect the businesses and/or operations of BOLT and/or the Distributor;
 (l) other factors beyond the control of BOLT and/or the Distributor; and
 (m) any risk and uncertainties associated with BOLT and/or the Distributor and their businesses and operations, the BOLT tokens, the BOLT Token Generation Event. All forward-looking statements made by or attributable to BOLT and/or the Distributor or persons acting on behalf of BOLT and/or the Distributor are expressly qualified in their entirety by such factors. Given that risks and uncertainties that may cause the actual future results, performance or achievements of BOLT and/or the Distributor to be materially different from that expected, expressed or implied by the forward-looking statements in this Whitepaper, undue reliance must not be placed on these statements. These forward-looking statements are applicable only as of the date of this Whitepaper.
 Neither BOLT, the Distributor nor any other person represents, warrants and/or undertakes that the actual future results, performance or achievements of BOLT and/or the Distributor will be as discussed in those forward-looking statements. The actual results, performance or achievements of BOLT and/or the Distributor may differ materially from those anticipated in these forward- looking statements.
 Nothing contained in this Whitepaper is or may be relied upon as a promise, representation or undertaking as to the future performance or policies of BOLT and/or the Distributor. Further, BOLT and/or the Distributor disclaim any responsibility to update any of those forward- looking statements or publicly announce any revisions to those forward-looking statements to reflect future developments, events or circumstances, even if new information becomes available or other events occur in the future.
 MARKET AND INDUSTRY INFORMATION AND NO CONSENT OF OTHER PERSONS This Whitepaper includes market and industry information and forecasts that have been obtained from internal surveys, reports and studies, where appropriate, as well as market research, publicly available information and industry publications. Such surveys, reports, studies, market research, publicly available information and publications generally state that the information that they contain has been obtained from sources believed to be reliable, but there can be no assurance as to the accuracy or completeness of such included information. Save for BOLT, the Distributor and their respective directors, executive officers and employees, no person has provided his or her consent to the inclusion of his or her name and/ or other information attributed or perceived to be attributed to such person in connection therewith in this Whitepaper and no representation, warranty or undertaking is or purported to be provided as to the accuracy or completeness of such information by such person and such persons shall not be obliged to provide any updates on the same. While BOLT and/or the Distributor have taken reasonable actions to ensure that the information is extracted accurately and in its proper context, BOLT and/or the Distributor have not conducted any independent review of the information extracted from third party sources, verified the accuracy or completeness of such information or ascertained the underlying economic assumptions relied upon therein. Consequently, neither BOLT, the Distributor, nor their respective directors, executive officers and employees acting on their behalf makes any representation or warranty as to the accuracy or completeness of such information and shall not be obliged to provide any updates on the same.
  28. 28. Legal Disclaimer TERMS USED
 To facilitate a better understanding of the BOLT tokens being offered for purchase by the Distributor, and the businesses and operations of BOLT and/or the Distributor, certain technical terms and abbreviations, as well as, in certain instances, their descriptions, have been used in this Whitepaper. These descriptions and assigned meanings should not be treated as being definitive of their meanings and may not correspond to standard industry meanings or usage.
 Words importing the singular shall, where applicable, include the plural and vice versa and words importing the masculine gender shall, where applicable, include the feminine and neuter genders and vice versa. References to persons shall include corporations.
 
 NO ADVICE
 No information in this Whitepaper should be considered to be business, legal, financial or tax advice regarding BOLT, the Distributor, the BOLT tokens, the BOLT Token Generation Event. You should consult your own legal, financial, tax or other professional adviser regarding BOLT and/or the Distributor and their respective businesses and operations, the BOLT tokens, the BOLT Token Generation Event. You should be aware that you may be required to bear the financial risk of any purchase of BOLT tokens for an indefinite period of time. NO FURTHER INFORMATION OR UPDATE
 No person has been or is authorised to give any information or representation not contained in this Whitepaper in connection with BOLT and/or the Distributor and their respective businesses and operations, the BOLT tokens, the BOLT Token Generation Event and, if given, such information or representation must not be relied upon as having been authorised by or on behalf of BOLT and/or the Distributor. The BOLT Token Generation Event (as referred to in the Whitepaper) shall not, under any circumstances, constitute a continuing representation or create any suggestion or implication that there has been no change, or development reasonably likely to involve a material change in the affairs, conditions and prospects of BOLT and/ or the Distributor or in any statement of fact or information contained in this Whitepaper since the date hereof. 
 RESTRICTIONS ON DISTRIBUTION AND DISSEMINATION
 The distribution or dissemination of this Whitepaper or any part thereof may be prohibited or restricted by the laws, regulatory requirements and rules of any jurisdiction. In the case where any restriction applies, you are to inform yourself about, and to observe, any restrictions which are applicable to your possession of this Whitepaper or such part thereof (as the case may be) at your own expense and without liability to BOLT and/or the Distributor.
 Persons to whom a copy of this Whitepaper has been distributed or disseminated, provided access to or who otherwise have the Whitepaper in their possession shall not circulate it to any other persons, reproduce or otherwise distribute this Whitepaper or any information contained herein for any purpose whatsoever nor permit or cause the same to occur. NO OFFER OF SECURITIES OR REGISTRATION
 This Whitepaper does not constitute a prospectus or offer document of any sort and is not intended to constitute an offer of securities or a solicitation for investment in securities in any jurisdiction. No person is bound to enter into any contract or binding legal commitment and no cryptocurrency or other form of payment is to be accepted on the basis of this Whitepaper. Any agreement in relation to any sale and purchase of BOLT tokens (as referred to in this Whitepaper) is to be governed by only the T&Cs of such agreement and no other document. In the event of any inconsistencies between the T&Cs and this Whitepaper, the former shall prevail.
  29. 29. Legal Disclaimer You are not eligible to purchase any BOLT tokens in the BOLT Token Generation Event (as referred to in this Whitepaper) if you are a citizen, resident (tax or otherwise) or green card holder of the United States of America or a citizen or resident of the People’s Republic of China. 
 No regulatory authority has examined or approved of any of the information set out in this Whitepaper. No such action has been or will be taken under the laws, regulatory requirements or rules of any jurisdiction. The publication, distribution or dissemination of this Whitepaper does not imply that the applicable laws, regulatory requirements or rules have been complied with. RISKS AND UNCERTAINTIES Prospective purchasers of BOLT tokens (as referred to in this Whitepaper) should carefully consider and evaluate all risks and uncertainties associated with BOLT, the Distributor and their respective businesses and operations, the BOLT tokens, the BOLT Token Generation Event, all information set out in this Whitepaper and the T&Cs prior to any purchase of BOLT tokens. If any of such risks and uncertainties develops into actual events, the business, financial condition, results of operations and prospects of BOLT and/or the Distributor could be materially and adversely affected. In such cases, you may lose all or part of the value of the BOLT tokens.
  30. 30. Let us come together to change the world, one story at a time.  Being a part of BOLT is being part of a mission to change the game and break through the mould.  Let us build a movement of local cultures going global, where we can bond creativity, connections, and discovery together. That is the future we envision, and with your contribution, we will make this happen.  B O L T - T O K E N . G L O B A L

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