Cryptocurrency isn’t backed by anything other than what people say. Think of it as a game whereby individuals find ways to “play” on the human emotion of finding the next 1,000x gem and convincing the buyers that their token is the way to achieve that. As individuals buy into the token, those who are at the top of the holder’s list see massive gains, while the smaller buyers find themselves continually accumulating that same token, to gain a profit. There is nothing backing it, nothing other than hype that propels it. The chart is not able to grow organically where every buyer is able to succeed. Individuals need to bring on more buyers to increase their token value.
BolixCorp is building an infrastructure in which buyers can feel safe, where they do not have to constantly DCA (dollar cost average) to recoup their losses. The token in theory should increase in value over time from the profits of a real world business that already exists. BLX token revenue is already being generated prior to its launch. Merging a corporation into an enterprise with people who are already experienced, working in the centralized world where they accomplish and acquire revenue.
The use of revenue to “buy back and burn” the supply of the tokens will help to grow the chart in an organic way, so holders are confident knowing that their investment will increase over time. Essentially this concept will help support the growth and stability in the value of the token and minimize the manipulation that is currently faulting the crypto space. A portion of the revenue from the business will be donated each month to purchase from the supply of the tokens and subsequently burn their existence to the “Dead Wallet” where they can never be reacquired, bought, or sold.
Chief Executive Officer
The creation of the Bolix token with its ecosystem is only possible due to the successful initial efforts, personal marketing, and promotion by the lead developer, Derek. A successful businessman himself, he was able to build a significant loyal community within the crypto space utilizing social media platforms such as YouTube and Twitter. In turn he has been able to reach thousands of community members with his professionalism, honesty, and integrity, whilst educating the public.