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Hi All,
I am a co-founder of the project and apologize for delayed responses to some of these posts. I have been on the road and wrapping up our involvement with the FIS FinTech accelerator in Little Rock. Here is an update that will be reflected on our site shortly:
We are now in contracts with the Stellar blockchain to co-develop and deploy a dual-token on their protocol as well as become an anchor node on their blockchain.
Securities Token
After a deep dive with the Stellar group, it was obvious that they are purpose built for what Bucket needs, and by deploying on the Stellar protocol we offer better access to liquidity with exchanges they are already listed on. Stellar also allows for granular programming around regulatory compliance, giving us the ability to conform to multiple jurisdictions.
Our security token is the tokenization of our net income which is stably derived from our banking partnerships and based on a % of all bucketed monies at retailers. A Smart Contract will automatically determine and issue profit distributions based on sound fundamental growth modeling.
We are SEC RegD 506(c) r144 compliant in the United States and SEC RegS compliant for our Singapore entity.
To give our securities token holders easier access to liquidity, Bucket will issue and be a core anchor of the Stellar Blockchain. Stellar will co-develop our security token and introduce us to all exchanges their protocol is listed on. International investors will be liquid after 40-50 days. U.S. investors after a mandatory 1 year lockup.
StableCoin
Our stablecoin (BUX), is backed by the fiat (coins) that each user Buckets each time they shop with cash, and aims to bring millions of new users of cryptocurrency to the space because nearly every human on earth will use cash at least a handful of times every year. BUX is back 1:1 by their own coin change, and we believe this could be a great way to introduce the masses to cryptocurrencies.
If the foundational intention of a stablecoin is to use as a medium exchange, Bucket has a critical advantage over other stablecoins like Tether and USDC, that is, those stablecoins target existing cryptocurrency users to grow their base; Bucket on the other hand targets everyone who ever uses cash at any given moment in time.
Again, because we will be deployed on the Stellar protocol, BUX will have an easier time becoming available.
Furthermore, the above architecture and requirements for success can boil down to two primary metrics:
In summary, by focusing on retail distribution, we drive value to our securities token due to the increasing stable-income derived from capturing coins, and increase the volume of BUX in the ecosystem, a critical tenant for stable-coins to become a medium of exchange.
Cheers.
F.
I am a co-founder of the project and apologize for delayed responses to some of these posts. I have been on the road and wrapping up our involvement with the FIS FinTech accelerator in Little Rock. Here is an update that will be reflected on our site shortly:
We are now in contracts with the Stellar blockchain to co-develop and deploy a dual-token on their protocol as well as become an anchor node on their blockchain.
Securities Token
After a deep dive with the Stellar group, it was obvious that they are purpose built for what Bucket needs, and by deploying on the Stellar protocol we offer better access to liquidity with exchanges they are already listed on. Stellar also allows for granular programming around regulatory compliance, giving us the ability to conform to multiple jurisdictions.
Our security token is the tokenization of our net income which is stably derived from our banking partnerships and based on a % of all bucketed monies at retailers. A Smart Contract will automatically determine and issue profit distributions based on sound fundamental growth modeling.
We are SEC RegD 506(c) r144 compliant in the United States and SEC RegS compliant for our Singapore entity.
To give our securities token holders easier access to liquidity, Bucket will issue and be a core anchor of the Stellar Blockchain. Stellar will co-develop our security token and introduce us to all exchanges their protocol is listed on. International investors will be liquid after 40-50 days. U.S. investors after a mandatory 1 year lockup.
StableCoin
Our stablecoin (BUX), is backed by the fiat (coins) that each user Buckets each time they shop with cash, and aims to bring millions of new users of cryptocurrency to the space because nearly every human on earth will use cash at least a handful of times every year. BUX is back 1:1 by their own coin change, and we believe this could be a great way to introduce the masses to cryptocurrencies.
If the foundational intention of a stablecoin is to use as a medium exchange, Bucket has a critical advantage over other stablecoins like Tether and USDC, that is, those stablecoins target existing cryptocurrency users to grow their base; Bucket on the other hand targets everyone who ever uses cash at any given moment in time.
Again, because we will be deployed on the Stellar protocol, BUX will have an easier time becoming available.
Furthermore, the above architecture and requirements for success can boil down to two primary metrics:
- How many retail locations we are operational in
- What percentage of cash transactions are Bucketed
In summary, by focusing on retail distribution, we drive value to our securities token due to the increasing stable-income derived from capturing coins, and increase the volume of BUX in the ecosystem, a critical tenant for stable-coins to become a medium of exchange.
Cheers.
F.
Will the whole profit be distributed among the security token holders or will part of that go into the team's pockets?
Hi! You can see our distribution of tokens here: www.token.buckettechnologies.com
Bitcoin was supposed to be used as a currency, not only a form of investment. However, it's been more successful as a form of investment, a "speculative asset".
Do you guys think that this can change in the long term ?
Do you guys think that this can change in the long term ?
Often when I see a bitcoin ATM I think of the cultural awareness of this as a stable currency. But who knows what cultural adoption rates will be over the next years. Do you think it will be as normal as cash or card?
What need now is time. Time will make all countries realize that adoption of digital currency is inevitable. Time will also show them how cryptos will be beneficial for everybody. Let's have patience and not loose trust in crypto specially in bitcoin.
At Bucket we think a lot about the timeline towards a cashless society. What are your thoughts about timeline? Will cash be around for 10,20, or 100 years?
What need now is time. Time will make all countries realize that adoption of digital currency is inevitable. Time will also show them how cryptos will be beneficial for everybody. Let's have patience and not loose trust in crypto specially in bitcoin.
At Bucket we think a lot about the timeline towards a cashless society. What are your thoughts about timeline? Will cash be around for 10,20, or 100 years?
Money is what the society accepts to be money. Human history has seen so many transformations when it comes to the subject of money.From barter trade to fiat money and now digital currency. But some nations are so rigid to change.well they will all regret soon because no country can stop cryptocurrency.
Totally agree. The decentralized nature of cryptocurrency will ensure a global presence that will defy regulation. Money will shift as economies bend towards digital and then there will be major changes among governments towards digital currency.
Many government are seeing Bitcoin or cryptocurrency as a threat to their financial system and they think it should be regulated to solve the problem. Do you think they can regulate Bitcoin ?
The irony about regulation is that it forces more innovative forms of technology that fly in the face of regulation. Regulation moves those predisposed to working solutions outside of regulation.
Blockchains allow frictionless, fast, safe, and fair transactions between parties worldwide. They limit the ability of parties to benefit at the expense of the greater economy. They allow integration of the entire world into a fair and level economic playing field. And will help us to create the fair, honest, efficient, and safe world we all want to live in says Paul Snow, CEO at Factom.com, in Bithub.pls #SundayInterview.
Is blockchain a breakthrough technology that can bring transparency to every aspect of social and political life? Or such a statement would be too far-fetched?
Is blockchain a breakthrough technology that can bring transparency to every aspect of social and political life? Or such a statement would be too far-fetched?
Blockchain is a breakthrough technology in that it offers a transparent context for transactions of many kinds. At Bucket we see blockchain as the new internet, the new breakthrough tech that will transform the world in a variety of ways. We see blockchain as far more than a ledger, but a whole new way for social and economic interaction.
I think Ethereum is worth holding because it is relatively stable compared to other cryptocurrencies and even Bitcoin is not as good at it as we know it. So I think it's the best way to hold Ethereum right now.
I agree with you. Ethereum has been steady and the return will be good over time. What do you see as the long term benefits of ETH over bitcoin?
The bitcoin does not stabilize until there is clear regulation, we are waiting for the decision of the G8, I hope we will not be upset, but we do not need anything good.
Do you think government intervention will actually have the reverse effect and cause a devaluation of the bitcoin? I am just wondering how much of the value of crypto is because it is unregulated. Would love thoughts!
Hi All,
I am a co-founder of the project and apologize for delayed responses to some of these posts. I have been on the road and wrapping up our involvement with the FIS FinTech accelerator in Little Rock. Here is an update that will be reflected on our site shortly:
We are now in contracts with the Stellar blockchain to co-develop and deploy a dual-token on their protocol as well as become an anchor node on their blockchain.
Securities Token
After a deep dive with the Stellar group, it was obvious that they are purpose built for what Bucket needs, and by deploying on the Stellar protocol we offer better access to liquidity with exchanges they are already listed on. Stellar also allows for granular programming around regulatory compliance, giving us the ability to conform to multiple jurisdictions.
Our security token is the tokenization of our net income which is stably derived from our banking partnerships and based on a % of all bucketed monies at retailers. A Smart Contract will automatically determine and issue profit distributions based on sound fundamental growth modeling.
We are SEC RegD 506(c) r144 compliant in the United States and SEC RegS compliant for our Singapore entity.
To give our securities token holders easier access to liquidity, Bucket will issue and be a core anchor of the Stellar Blockchain. Stellar will co-develop our security token and introduce us to all exchanges their protocol is listed on. International investors will be liquid after 40-50 days. U.S. investors after a mandatory 1 year lockup.
StableCoin
Our stablecoin (BUX), is backed by the fiat (coins) that each user Buckets each time they shop with cash, and aims to bring millions of new users of cryptocurrency to the space because nearly every human on earth will use cash at least a handful of times every year. BUX is back 1:1 by their own coin change, and we believe this could be a great way to introduce the masses to cryptocurrencies.
If the foundational intention of a stablecoin is to use as a medium exchange, Bucket has a critical advantage over other stablecoins like Tether and USDC, that is, those stablecoins target existing cryptocurrency users to grow their base; Bucket on the other hand targets everyone who ever uses cash at any given moment in time.
Again, because we will be deployed on the Stellar protocol, BUX will have an easier time becoming available.
Furthermore, the above architecture and requirements for success can boil down to two primary metrics:
In summary, by focusing on retail distribution, we drive value to our securities token due to the increasing stable-income derived from capturing coins, and increase the volume of BUX in the ecosystem, a critical tenant for stable-coins to become a medium of exchange.
Cheers.
F.
I am a co-founder of the project and apologize for delayed responses to some of these posts. I have been on the road and wrapping up our involvement with the FIS FinTech accelerator in Little Rock. Here is an update that will be reflected on our site shortly:
We are now in contracts with the Stellar blockchain to co-develop and deploy a dual-token on their protocol as well as become an anchor node on their blockchain.
Securities Token
After a deep dive with the Stellar group, it was obvious that they are purpose built for what Bucket needs, and by deploying on the Stellar protocol we offer better access to liquidity with exchanges they are already listed on. Stellar also allows for granular programming around regulatory compliance, giving us the ability to conform to multiple jurisdictions.
Our security token is the tokenization of our net income which is stably derived from our banking partnerships and based on a % of all bucketed monies at retailers. A Smart Contract will automatically determine and issue profit distributions based on sound fundamental growth modeling.
We are SEC RegD 506(c) r144 compliant in the United States and SEC RegS compliant for our Singapore entity.
To give our securities token holders easier access to liquidity, Bucket will issue and be a core anchor of the Stellar Blockchain. Stellar will co-develop our security token and introduce us to all exchanges their protocol is listed on. International investors will be liquid after 40-50 days. U.S. investors after a mandatory 1 year lockup.
StableCoin
Our stablecoin (BUX), is backed by the fiat (coins) that each user Buckets each time they shop with cash, and aims to bring millions of new users of cryptocurrency to the space because nearly every human on earth will use cash at least a handful of times every year. BUX is back 1:1 by their own coin change, and we believe this could be a great way to introduce the masses to cryptocurrencies.
If the foundational intention of a stablecoin is to use as a medium exchange, Bucket has a critical advantage over other stablecoins like Tether and USDC, that is, those stablecoins target existing cryptocurrency users to grow their base; Bucket on the other hand targets everyone who ever uses cash at any given moment in time.
Again, because we will be deployed on the Stellar protocol, BUX will have an easier time becoming available.
Furthermore, the above architecture and requirements for success can boil down to two primary metrics:
- How many retail locations we are operational in
- What percentage of cash transactions are Bucketed
In summary, by focusing on retail distribution, we drive value to our securities token due to the increasing stable-income derived from capturing coins, and increase the volume of BUX in the ecosystem, a critical tenant for stable-coins to become a medium of exchange.
Cheers.
F.
http://token.buckettechnologies.com/wp-content/uploads/2018/08/blockchainauditledger-bucket.png?dl=0
Bucket Token
The Bucket token is a security token that will pay out profits to token holders in direct proportion to the share of total tokens owned. In this offering, the company is offering 28% of the total token supply at a target raise of $33 million.
These tokens would entitle holders to 28% of the profits as a payment from the company when declared. The overarching goal of the token will be to align Bucket with token holders in the mission to move the world towards a cashless economy.
Bucket's progress in developing the technology, securing $2.5m in early-round equity financing, and launching two pilots in the United States and Singapore in Q3 2018 illustrate the traction and interest in the solution.
A total of 1.5 billion tokens will be issued. Aside from the 420,000,000 allocated for the token sale, the company plans to distribute tokens to equity investors, advisors, employees and founders. The company will also hold back a meaningful portion of the tokens for retained earnings or company expansion.
The company is also setting aside tokens in a pool that will be used towards the payment of profits for a set amount of time. Release of tokens will be
subject to vesting schedules to ensure a predictable and orderly release of tokens into the market over time.
These tokens would entitle holders to 28% of the profits as a payment from the company when declared. The overarching goal of the token will be to align Bucket with token holders in the mission to move the world towards a cashless economy.
Bucket's progress in developing the technology, securing $2.5m in early-round equity financing, and launching two pilots in the United States and Singapore in Q3 2018 illustrate the traction and interest in the solution.
A total of 1.5 billion tokens will be issued. Aside from the 420,000,000 allocated for the token sale, the company plans to distribute tokens to equity investors, advisors, employees and founders. The company will also hold back a meaningful portion of the tokens for retained earnings or company expansion.
The company is also setting aside tokens in a pool that will be used towards the payment of profits for a set amount of time. Release of tokens will be
subject to vesting schedules to ensure a predictable and orderly release of tokens into the market over time.
Profit Pool
A key component of Buckets token structure is the Profit Pool, which is an endowment of tokens that will be used to partially or fully cover profit payouts for the first 10 years of the tokens existence (fiscal years 2019 - 2028). This feature is motivated by a number of benefits that should accrue to both company and token holders alike.
PRESS
The platform is saying that you can easily use the coin for travelling,daily work.As we can't use now,we don't know is it work or not.That's why they should give us opportunity to trust them by providing free coins
Free coin can attract many users in the crypto community which is like an airdrop campaign where many airdrop hunters try to grab the opportunity with an interest to gain tokens through their support.We are currently looking at launching a bounty. More information coming soon on that. Stay tuned.
Ian at Bucket!
The project itself is not bad, but unfortunately, I could not find enough information about the developers, related to their work before.
This project to me is interesting but they need to be more transparent to get more trust and support from investors. They should provide detailed information about the team members.
Have you checked out our website buckettechnologies.com and our token site token.buckettechnologies.com. There is team info there. Let me know if you have any questions.
Ian from Bucket
I agree. Transparency will difinitely give plus factors for the project and to be acknowledge by the investors. Perhaps, they need to upgrade also their website since it is not very attractive to the people I think. But I'm still hoping for the goodness of the platform because they have a good purpose here.
Transparency from the team really plays a vital role on their ICO. I'm expecting their doing the tasks needed to cater all the investors and supporters of this platform.
Hi, this is Ian from Bucket. We are all about transparency and want to answer any and all questions you have, so please address here. I am here and happy to help.
Could you give some greater clarification on your question?
Project whitepapers seems interesting with the definite ideas as the plans are completely legit to meet the possibilities however a better presentations are even highly essential which plays a key role.
Hi, this is Ian from Bucket! Hope you are well. Could you let me know what relevant material you think is missing? We want to supply that content right away. Thanks
How often are investors interested in a project in which there is not enough information about the project? Is it possible to count on success in this case?
In this case, most likely not. I also begin to doubt a little, because they should have already updated the information, but it's been a long time and no one has updated it. So it's not so important to them.Hi everyone, Ian from Bucket here. I just wanted to reach out and offer answers to any and all questions related to the launch of our product and our STO. Please let me know what pieces of relevant data are missing and I will supply them. Thanks!
The platform is saying that you can easily use the coin for travelling,daily work.As we can't use now,we don't know is it work or not.That's why they should give us opportunity to trust them by providing free coins
Free coin can attract many users in the crypto community which is like an airdrop campaign where many airdrop hunters try to grab the opportunity with an interest to gain tokens through their support.We are currently exploring Bounty Campaign options. Part of that process will be wider interest in our project and incentive cross platform sharing. Please stay tuned to our company by joining us on telegram/bucketthechange and follow our token site token.buckettechnologies.com
Thanks so much!
Ian at Bucket
As we can see now everyone/every developed nation is moving towards digital currency. In your opinion how much time is required for digital currency to take over the current/existing market or it is impossible that digitisation will never be successful. If yes what are those factors ? In my opinion those countries which are not accepting digital currency, are doing wrong. They are only thinking about the tax. They are saying that we will not get any tax and digital currencies are fake. Fraud is very easy in digital world (that is true but it also happen in every market). Although when someone is doing business in digital currency then that person is bringing money to country that is beneficial for the country...
Do you mean digital payments or digital currency? I know in the United States, we are the reserve currency of the world, so to forklift fiat money out of the system (and that's not just in our banks but all over the world) then I don't see that happening any time soon. However with countries with volatile governments and therefore currencies, I can definitely see the play for digital currency. You see this happening in Venezuela and Iran...
But the fact is, governments make money off of making money. Will they contribute to a new payment mechanism that takes them out of the game? As for fraud, if there is regulation...when does decentralized become centralized again??
The platform is saying that you can easily use the coin for travelling,daily work.As we can't use now,we don't know is it work or not.That's why they should give us opportunity to trust them by providing free coins
Free coin can attract many users in the crypto community which is like an airdrop campaign where many airdrop hunters try to grab the opportunity with an interest to gain tokens through their support.Thanks for the insight. We are currently looking at Bounty campaign. More info is going to come.
Ian from Bucket
Hello, change haha, I love the wordplay there 
The other things that I want to mention (That I like about this project, I don't want to be negative, not at all) clean design, great team, great whitepaper and a detailed roadmap (for a change). I feel like this project is gonna make me rich!!
The other things that I want to mention (That I like about this project, I don't want to be negative, not at all) clean design, great team, great whitepaper and a detailed roadmap (for a change). I feel like this project is gonna make me rich!!
Thanks so much for your words of encouragement here. We are passionate about our company and are thankful to have your vote of confidence. We are always welcoming investors in our dream. See our token.buckettechnologies.com for info on you can be part of the Bucket story!