The BULB social network rewards its users for any interaction on its platform. According to the company itself, 49 thousand people have registered so far, and over 115 million BULB tokens have already been distributed.
To prevent spamming, BULB has an energy system where each action costs a certain amount. This energy replenishes daily, precisely 30 energy units per day, and posting consumes this energy.
But is BULB truly a web3 and decentralized platform?
I don't believe so, as it has a moderation system. If your content is reported, you will lose the ability to recharge your energy and therefore be excluded from the system. Additionally, content can be deleted, which means the content is not on a blockchain.
Token Distribution:
According to information in its own FAQ, BULB will have a token supply of 1 billion tokens, with 50% distributed to users, 40% allocated to the BULB team, and 10% reserved for the treasury, which will only be released in 2047 (and will go to the BULB team as well).
Conclusion:
With such centralization and an absurd distribution towards the team, it doesn't seem worth to invest in this token in my opinion... However, do your research, as this is not investment advice.
Now, the most important part, the price of BULB currently is $0,000649.
Site official: bulbapp
Block explorer: solscan
Market: USDT-BULB
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