BULK
Market maker — crucial participant in the crypto market, providing liquidity and stability to trading on a cryptocurrency exchange. Its primary task is to create demand and supply for tokens. To achieve this, the market maker buys and sells assets, acting as an intermediary between sellers and buyers. It also ensures the execution of buy or sell orders for tokens and monitors prices to reflect the actual value of the assets.
A healthy market offers high bid/ask depth in the order book, narrow spreads, and high trading volumes. A market maker helps ensure this.
Currently, the activities of market makers in the cryptocurrency market are non-transparent, leaving their clients without proof of the services for which they paid. This raises many questions and doubts about the quality of the services provided and allows the market maker to act against the interests of their clients.
At present, market maker services are opaque, expensive, and have a complex registration process.
As a result, no innovations occur in this closed sector, and thousands of dollars are siphoned out of the crypto ecosystem, while the crypto community's opinion of market makers continues to deteriorate.
The BULK project introduces innovations to the market-making industry and aims to change the perception of this field overall. BULK is the world's first decentralized market maker with transparent working conditions.
- Transaction transparency Users of their bot can track and verify wallet activities, clearly distinguishing between market-making and organic volume.
- Optimization Utilizing a proprietary algorithm, BULK ensures live rebalancing of buys and sells, eliminating the need for manual intervention.
- Options selection White Label solutions allow crypto projects to create market-making for their tokens and clients while providing their own liquidity.
Why will the project be in demand?
The stock market's size exceeds $50.8 trillion, while the crypto market is over $2.4 trillion — highlighting enormous growth potential.
Every day, more than 15,000 new tokens are launched — indicating a strong demand for decentralized market-making solutions.
Target audience of the project
- Crypto enthusiasts: companies and individuals who launch and trade meme coins and low-cap tokens, needing volume to attract attention to centralized exchanges (CEX) and improve trading quality.
- Market leaders: leading ecosystem projects aiming to ensure sufficient volume and trading activity. They seek to attract additional liquidity and increase trading volume to reduce price pressure on traded tokens.
- Large institutional companies: utilizing White Label solutions to create customized infrastructure, enabling projects to develop their own market-making plugins.
Brief overview of competitors
- Gotbit: Market-making solutions with over 900 clients per month, each paying a minimum of $5000 monthly.
Drawbacks: The rebalancing algorithm regularly loses client liquidity. - DWF Labs: Leading market makers.
Drawbacks: Lack of real-time rebalancing. Rarely work on decentralized exchanges (DEX) and have a high entry price. - CLS: Leading market maker in the crypto industry, offering marketing, consulting, and venture services.
Drawbacks: High entry threshold and expensive services.
The BULK project effectively addresses all these issues and offers high-quality services using its proprietary algorithm to ensure real-time rebalancing.
Combined with a quick adaptation process to market conditions and a fully customizable data processing center, BULK is valued as one of the most efficient market-making bots on the market today.
Team
The team consists of 7 members, based in England. The founder is well-recognized in the crypto community and actively involved in developing the project.
- Kobie McGlashan — founder and CEO.
Founded a blockchain industry recruitment company in 2022, collaborating with leading L1 and L2 Web3 projects. Co-founder of SuperteamUK, a Solana blockchain project accelerator in the UK, which had the most winners at the global Renaissance hackathon in 2023.
https://www.linkedin.com/in/kobie-mcglashan-69b92022a?utm_source=share&utm_campaign=share_via&utm_content=profile&utm_medium=ios_app - Junaid Peer — chief technology officer.
Wrote the initial code for blockchain assets on Bitcoin at the age of 11 (!). At 13, became part of the founding team of Avian Network (market cap $200 million). Contributing to the ETH-Research community since 2018 and to MakerDAO and Gitcoin DAO since 2021.
https://www.linkedin.com/in/7660db/
Investors
Insider Club is participating in an Angel round for the first time.
This is the earliest and typically smaller investment round designed to attract initial funding with the most favorable terms, usually distributed among known angel investors.
Founders and representatives from renowned crypto projects who see potential in BULK are investing in the project. These include former top managers from Solana Foundation and BigBrain Holdings, founders of Fetchh and SuperteamUK, and leaders from IOMC Capital and Momentum8 Ventures.
We have a unique opportunity to enter this first round due to our connections with the project's founder, allowing us to invest in BULK under the most advantageous conditions. The low valuation of the round — $18 million — offers the potential for significant returns.
The project is raising funds in the Angel round at the very start.
This is a unique situation: the team has been developing their protocol privately for a considerable time, investing their own funds, so the project launch is imminent — Q3 2024.
The next, Private round will be larger and aimed at top funds, with a significantly higher valuation and at higher prices.
Token utility
The $BULK token plays a vital role in the project's ecosystem, serving as a fundamental component that drives various aspects of market-making services and liquidity provision.
- Facilitating Liquidity Pools: users can create their own liquidity pools by depositing their $BULK tokens along with other supported assets. These pools will provide the necessary liquidity for trades and earn trading fees (0.25% per transaction). $BULK will be the primary token in trading pairs within these pools, ensuring efficient liquidity provision.
- Liquidity partnership programs: these programs will include partnerships with other tokens, decentralized exchanges (DEX), and decentralized applications (dApps) to provide liquidity using $BULK tokens. In return, token holders will receive a portion of the trading fees from these partnerships (0.25% from Raydium exchange).
- Liquidity incentives: rewards in $BULK will be distributed among liquidity providers who contribute to pools like BULK-SOL, encouraging participation and increasing the overall liquidity in the project's ecosystem.
- Governance and community participation: $BULK will serve as a governance token, allowing token holders to participate in decision-making processes and have a say in shaping the protocol's development and evolution. This fosters a sense of community ownership and ensures that the protocol operates in the best interests of its users and stakeholders.
- Investment tool and alignment of rewards: for investors and protocol users, the $BULK token will act as both an investment tool and a core asset. By holding $BULK tokens, both parties are incentivized to support the success and growth of the ecosystem, driving the project's long-term development.
Tokenomics
- Round size: $500k.
- Round valuation: $18 млн. (следующий раунд пройдет с оценкой в $80 млн, а Public раунд ожидается по оценке $120-140 млн.)
- Token price: $0.028
- Conditions: 5% unlock on TGE, a 6-month cliff, followed by a linear unlock over two years.
The project will launch on Jupiter — leading launchpad and DEX in the Solana network.
Details on exchange listings will be announced closer to the launch date.
Social networks & links
🌐 Website: https://www.bulk.trade
🐦 Twitter/X: https://twitter.com/_bulktrade
💻 Presentation: https://docsend.com/view/hsuz3rm5yrpy5sze
The official website launch is scheduled for July 2024. The project is ahead of its development schedule and has already garnered attention, with Solana following on Twitter/X.
This promising project, led by a strong founder, addresses the crucial issue of market-making for new startups. The early Angel round, with a low valuation, presents a great opportunity to enter the project among the very first at the best price. Due to the low valuation of the round, there is potential for significant returns, as the project's value is expected to increase substantially by the Public round, with the token price at TGE projected to be 6-8 times higher. We highly recommend adding this sought-after and unique project to your crypto portfolio.