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BloomX ICO Review
BloomX ICO
Ticker: BX8
ICO start: 2018-05-29 00:00:00
ICO end: 2018-07-27 00:00:00
Price: 1 BX8 = 0.01 USD
Tokentype: Stellar
Hardcap: 19,000,000 USD
Platform: Stellar
Accepting: ETH, BTC, XLM

BloomX is connecting neighborhood moneychangers across Asia to the Stellar decentralized exchange, and teaching people to use cryptocurrencies safely. Their Teller app will be used by moneychangers and remittance agents to buy/sell crypto over the counter, and our Wallet app will be used by end-customers to store their crypto and access other BloomX services. The BX8 token will be used to pay for each business transaction on the network, and additionally acts as cashback for the end-customers.

We’ve signed up three big institutional partners in the Philippines to pilot the platform as early as Q3 2018, and aim to expand to neighboring countries by 2019.B



The BloomX app store is an initiative developed by Bloom Technologies Pte. Ltd., a crypto-remittance pioneer with operations in Singapore, the Philippines, and Australia. The app store is intended for licensed Money Services Businesses (MSBs) around the world to create new service offerings or upgrade existing services with turn-key cryptocurrency solutions. These MSBs include money transfer operators, foreign currency exchange companies, and other non-bank financial institutions.
The primary launch applications on BloomX will include the following.
  • Crypto Foreign Exchange (CFX) The CFX app will allow forex agents and their individual outlets to buy and sell major cryptocurrencies over the counter. CFX will provide an easy and secure interface into the Stellar decentralized exchange as the primary source of liquidity.

  • Multi-Cryptocurrency Wallet (MCW) The MCW app will give end-users safe and guided access to their cryptocurrency holdings and is expected to be branded by the respective MSB. The wallet app will employ a hybrid security model, wherein each new customer will receive a custodial wallet initially. Over time, the customer will be encouraged to move their cryptocurrency funds out of the custodial wallet and into a more decentralized, non-custodial environment.

  • Remittance Agent Dashboard (RAD) app The RAD app will allow money transfer operators to facilitate cryptocurrency-powered remittances to and from any supported country within the BloomX network. Currently, these countries include South Korea, Singapore, Hong Kong, Australia, the Philippines, Vietnam, and Indonesia. The RAD app has been commercially available since Q1 2016 and has facilitated over $125 ,000,000 in customer transactions.

  • The BloomX platform will launch with these three apps in Q4 2018. In Q3 2019, the BloomX app store will be opened to third-party developers who wish to create additional apps and services for MSBs, fostering a marketplace for enhanced financial services and compliant tools.
    All commercial transactions on the three flagship apps, and on the app store, will be paid for with BX8, which is a new token issued by Bloom Technologies specifically for use within the BloomX ecosystem.
    The token will be issued on the Stellar blockchain


    Q2 2018: Private token sale
    BloomRemit network begins using BX8 token
    Q3 2018: Token listed on Stellar DEX
    Internal alpha of Teller and Wallet applications
    Q4 2018: Commercial pilot of Teller and Wallet apps at partner outlets in the Philippines
    Cryptofinancial literacy seminar in Hong Kong
    Q1 2019: Teller and Wallet SDK for third-party developers
    Commercial pilot with partner outlets in Hong Kong
    Q2 2019: BloomX Network API for third-party developers
    Commercial launch in other major cities in the Philippines
    Q3 2019: BloomX Network launch
    Commercial pilot with partner outlets in Indonesia
    Q4 2019: KYC app launch on BloomX network
    Commercial launch in provincial cities in the Philippines[1]


    name: title: links: group: photo: iss:
    Israel Keys CEO & Founder Israel Keys photo 3.8
    Luis Buenaventura CSO & Founder Luis Buenaventura photo 3.8
    Ramon Tayag CTO Ramon Tayag photo 3.8
    Justin David COO Justin David photo 3.8
    Faisal Khan Advisors Faisal Khan photo 6.8
    Francisco Colayco Advisors Francisco Colayco photo 3.8
    Ken Mazzio Advisors Ken Mazzio photo 11.41
    Gus Poston Advisors Gus Poston photo 3.8
    Wincent Hung Advisors Wincent Hung photo 3.8
    Anson Uy Advisors Anson Uy photo 3.8

    External links

    BloomX on Twitter
    BloomX on Telegram
    BloomX on Facebook
    BloomX on Medium
    BloomX on Github
    BloomX Official Website
    BloomX Whitepaper



    See Also on BitcoinWiki