BUBBLETONE -- Blockchain in Telecom
It eliminates hundreds of intermediators, dramatically reduces costs of mobile services (up to 10 times while going abroad), and saves years and millions of $$ on implementation of the oldfashioned and ineffective roaming technology.
How it works: any mobile carrier could publish its own prepaid tariff plans (“Offers”) as smart contracts. These Offers are visible to all other operators and their subscribers. By selecting an Offer, a new “Request” smart contract is created, with the Digital Identity of a subscriber and Payment transaction.
The same business process is available for any non-telecom service provider (like music, TV or cloud services) who is interested in distributing its own Offers among multimillion customer bases of mobile operators.
The Blockchain ecosystem consists of a limited number of high performance servers (“Nodes”), which belong to the crypto community. It means that any crypto holder could buy a license to manage the Node, and start earning by processing the smart contracts.
The more operators and service providers are connected to the “Blockchain in Telecom” ecosystem, the more “smart contracts” are to be processed, the more is the revenue and value of each Node. Our approximated projection is 10x annual growth of Smart Contracts in the ecosystem.
This is combined with Low Risks, because we’re a proven team with 20 years’ experience in telecom industry. During this period, multiple telecom and software development businesses have been created:
- Mobile Virtual Network Operator under brand “Allo Incognito” (250K Premium Subscribers)
- “Bubbletone” messenger with 100+ useful features. It’s customized for the needs of mobile operators to provide additional revenue streams on voice calls and SMS from the app and other telecom services. Beta version is already available at App Store and Google Play.
- Global Mobile Data Exchange developed for mobile operators who are interested in global coverage services for their subscribers. Currently local prices on mobile services are already available in 80+ countries. We are running an ICO to gather funds mainly for development marketing, expanding and sustainability of the ecosystem. of the blockchain platform,
Regional telecom carrier (hereinafter "Carrier") - a company with the corresponding license, which is providing telecom services to its subscribers, and possess a non-dominant share of a local market.
SDR (Special Drawing Rights) - a unit of accounting of the International Monetary Fund (“IMF”) for International Settlements, which is actively used by the mobile carriers for settlement. The cost of SDR is calculated as a basket of market rates of five world currencies: 41.7% of the US dollar, 30.9% of the Euro, 10.9% of the Chinese yuan, 8.3% of the Japanese yen and 8.1% of the pound sterling.
SDR token – a stable token pegged to SDR (Special Drawing Rights). This token is used for payment for services of mobile carriers and service-providers.
UMT token (Universal Mobile Token) - a token with market exchange rate and a limited amount specified on the ICO. A small number of UMT should be put into each Smart Contract when it is created to perform transactions under the Smart Contract.
UMT tokens can be used to pay for telecommunications services on the Bubbletone platform. Specifically, UMT tokens can be used on a user's balance in the Bubbletone messenger app as payment for sending messages and making voice calls in public switched telephone networks.
To replenish the balance in the Bubbletone app, a user can buy UMT tokens making payment with fiat currencies, crypto currencies or SDR tokens through the payment gateway inside the Bubbletone platform. Crypto currencies, fiat currencies or SDR tokens will be exchanged into UMT tokens and will be deposited as UMT tokens on the balance of the Bubbletone app user.
Proof of Importance (POI) - a further development of Proof - of - Stake consensus in the field of Telecom. It is a consensus based on the net transfers: how much has been ‘spent’ in the past 30 days.
SLA (Service Level Agreement) - Agreement on the level of service which represents a formal agreement between the customer and its supplier, containing a description of services, rights and obligations of the parties and, most importantly, a consistent level of quality of the service.
Global market for messaging, mobile traffic and roaming
The volume of global mobile traffic
The expected growth in mobile traffic will be, among other things, the result of the continued increase in mobile Internet connections of personal devices and machine-to-machine connections (M2M), whose number will exceed 10 billion in 2018 (Cisco: in the period from 2012 to 2017 the volume of mobile traffic will grow 13 times).
The development of these trends is facilitated by the popularity of instant messengers (IM). Internet traffic of messengers surpassed voice communications and the volume of SMS traffic in 2016 for the first time. By the number of text messages, IMs will surpass SMS by 10+ times by 2020.
Tourists consume less or no traffic because of expensive roaming
There are more than 1.2 billion travels per year globally, growing by 4% annually.
According to Starhome Silent Roaming, 70% of subscribers disable data roaming, and just 1% of subscribers consume 80% of all traffic in roaming
Our experts consider this to be a consequence of high prices. This means that there is substantial hidden demand for cheaper traffic from tourists
There are more than 900 potential partners for Bubbletone
Blockchain
Creation of the Bubbletone Ecosystem is happening with assistance and in partnership with mobile carriers and service-providers around the world
Mobile device manufacturers have been increasingly producing equipment that only works with embedded SIM. Latest examples are Apple Watch Series 3, Gear S2 Classic 3G and others. Growing is the number of smartphones that have embedded SIM as the main connectivity component or are equipped with it along with the traditional SIM-cards. Smart Insights forecasts the sales of eSIM- enabled handsets would total 346 million to 864 million units by 2020. In the near future 100% of devices will be eSIMenabled. In the IoT segment the pace of eSIM adoption is even higher.
For embedded SIM users, the Bubbletone blockchain offers an ecosystem where new economic relationships can be made by connecting mobile devices to a specific network. Each user will have the opportunity to choose a network operator and to switch to another operator including the MNP procedure without the involvement of operators and retailers. This approach reduces the costs of subscriber acquisition, starter kits production and logistics. As a result of this change, the operators can use new mechanisms to reduce the price of services for local rates, as compared to selling physical SIM-cards in retail stores. In the coming 3 to 5 years, the Bubbletone blockchain will be able to process over 30% of all connections to mobile networks worldwide. To implement this process, vendors of mobile devices will just have to connect to Bubbletone blockchain.
We are creating a non-geographic mobile profile (GMP),which is not dependent on the legal requirements of any specific countrywhere mobile service is rendered. This will allow for the creation of a universal product operational throughout the world according to uniform rules. GMP allows registrationof mobile devices and loading ofthe mobile profile ofthe local operator via SMS or https channel in accordance with eSIM standards (SGP-21), Security Mechanism for the SIM (3GPP TS 23.048), and other solutions ensuring secure loading of profiles to mobile devices. This gives the user the option to select the necessary network operator and use mobile services at local rates worldwide.
Terms of tokens distribution
Pre-ICO and ICO
All tokens unsold during crowdsale will be burned.
In case Ether crypto currency rate falls more than 20% of the current rate, the company reserves the right to increase hard cap accordingly.
We are planning to withdraw from circulation the tokens from the Network Development Fund (NDF) for depositing on accounts of service-providers for generating transactions. All income generated from them should go back to the NDF
The Founders fund is subject to vesting at 7% per month.
We are planning to spend tokens from the Team & Community Development Fund (TCDF) for several purposes:
- For ICO promotion
- For distributing tokens within 24 months of platform start to pay off the node ownership costs while there are not enough private Super nodes on the platform
- For providing bonuses, but no more than 7-10% per month, to node-owners to ensure the nodes productivity.
- To motivate new team members, business and legal advisors, developers and subcontractors.
- To organize community growth in all means possible.
- To prevent a deadlock situation, when there may not be enough UMT to perform the transactions.
The platform we have chosen for our crowdsale is Ethereum. Smart contracts for tokens and crowdsale will be written in the Solidity language. The provisions outlined in this document will be guaranteed in smart contracts with cryptographic reliability. The collected Ether will be stored in a separate contract 1 that provides an automatic return of funds to contributors in case of the ICO failure.
Smart contract management and withdrawal of funds will both be protected by multiple signature.
In crowdsale contracts, there will be a fallback mode (pause), which will automatically turn on if a leak of funds is detected, and can be activated by the owners in any unforeseen circumstances. This regime is designed to protect the collected funds and prevent the receipt of new funds in case of threats.
Before the deploy to the Ethereum main network, the smart contracts code will be fully covered by unit tests and tested in the test network. The contract code will be published on Github, and the bytecode will be verified in the Etherscan.io service.
Our Github address is https://github.com/Clementvale-LTD
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