Crypto currency of Olga Buzovy (BuzCoin) - a scam or break of the year?

It seemed like the world of blockchain technology and cryptocurrency had nothing new to surprise us, after all, we'd seen projects ranging from the brilliant to the absurd. But when search engines started combining the word " blockchain " and Olga Buzova in the same sentence, it became clear that the real chaos was just beginning. Why does the TV personality need cryptocurrency and who will profit from Buzcoins—that's what our article today will explore.

What is Buzar and BuzCoin and why are they to Olga Buzovoy?

Just when the public was slowly beginning to get used to Olga Buzova's omnipresent presence online, in film, television, music, and radio, these venues became insufficient for the megastar, who decided to challenge blockchains and the entire digital economy. Olga took a stab at something sacred and decided to become the first in Russian show business to create her own cryptocurrency. This is no joke: real conferences are being held where Buzova talks about how blockchain is essential for her community, a website has been created, a white paper has been written, and ICO fundraising is in full swing.

The first information that Olga Buzova went into crypto-currencies, appeared in February 2018. But then it was perceived as a harmless joke - even the thought of such an absurdity seemed so absurd to everyone. But already 4 April, Olga gathered a whole press conference and confirmed that the crypto currency, named after her, still be. And at this conference there were loud statements - "the era of Olga Buzova came," "Olga Buzova creates her empire," etc. As expected, she answered all the questions concerning her person directly, and the near-crypto-currency topics were redirected to the experts sitting next to her.

So, Olga Buzova launches the Buzar platform, which, according to an objective assessment, was mixed with everything that could be imagined. Olga offers us and solutions for any business, and the opportunity to communicate, and all the useful applications that only can be. In short, the popular singer decided to create a new Internet and serve all this charm will be an internal token BuzCoin. At the same time, for the crypt from Buzovaya, you can buy tickets for her concerts, food in her restaurants, Olga's books, her brand clothes and everything else that a multifunctional star will come up with.

If you designate Olga Buzova's new project in a nutshell, then this is a platform that will include a social component and component for business. On the one hand, offers a communication platform P2R, which will include messenger, social network, video hosting, service for buying tickets and even a music service that protects copyrights of performers. On the other hand, Buzova will develop a marketplace where you can rent real estate, find a job, change the crypto currency, buy and sell goods and create your own online store.

As you can see, Buzar's goals would be enough for a dozen separate projects, but Olga Buzova decided not to waste time on trivialities and combine all the achievements of mankind into a single whole. This is what the star designated as the "empire of Olga Buzovaya" and seems to genuinely believe that the team she has collected will easily embody all the Napoleonic plans.

Public response

As expected, the internet exploded with news of Buzova's cryptocurrency. Most users dismissed it as an April Fool's joke, but when the ICO fundraising campaign launched on April 18th , it became clear that the joke was beginning to take on a more realistic aspect. Many didn't hold back in their comments, openly suggesting that the end of the world was approaching. Even Herman Klimenko, the Russian president's advisor on internet development, couldn't resist commenting on the situation, advising people to "take care of themselves and their loved ones."

In general, some of the fans of the singer, who is far from the world of crypto currency, considers the new idea Buzovaya genial and sincerely admires her new "talents".

Buzcoin.io - official site ICO Buzar

Buzova's platform website is already up and running, actively raising investment. Olga intends to raise a significant amount, even by the standards of the largest ICOs – 210 million dollars. It's worth noting that, aside from the fact that the project's website features the creator's likeness on every page, it's essentially an average ICO website – the same links and sections, the same informational overload as the usual sites raising funds for blockchain projects. However, some nuances of both the website and the Buzar ICO were surprising and even amusing, as even a non-judgmental approach to the project and its developers raises numerous questions.

Features ICO Buzar

Since Olga as much as possible wanted to tell on the pages of Buzcoin.io about herself, there is almost no place to describe the project. Therefore, it is necessary to make guesses about its technical peculiarities in most cases, but in many respects it can be safely said that all the promised Buzovoi will not succeed.

• Inconsistency of amounts. So, Olga to create a new Internet "from scratch" will only need 210 $ million. By the standards ICO - this is a lot of money, but by the standards of what Buzova came up with, this is very little. We are promised to create a bunch of applications, a messenger, a marketplace, business solutions, some online stores, some kind of "applications in the application" and a lot more. Implementing all this requires unrealistic amounts - Durov for one messenger collects billions of dollars, and here all at once "budennenko" will make for 210 $ million.
• Unrealistic deadlines. The road map in each quarter of the year promises to fulfill several objectives, which other developers spend years. Olga Buzova also plans to transform the Internet and fully implement their buzkoiny in everything that moves, by the beginning of 2020. And this despite the fact that the team she has only two programmers, designated in White Paper.
• Strange development team. Most of all, the team of "professionals" who will work on Buzar is touching. So, from 16 a man in Olga Buzovaya's team does not have any specialists noticed at least one conference or at least something in this sphere - there are no profiles on bitcoin sense and there is no one in LinkedIn. And here in the composition of the project developers: Buzova and her concert director, two programmers, two authors of whitepaper (still in none ICO the copywriters who wrote the white paper were not included in the team), the whitepaper designer, two lawyers, and several other persons with incomprehensible functions. Learn Pavel Durov - why hundreds and thousands of programmers?

• Lack of information on technical nuances. How this mega-project will be realized is not known. One thing is known that the Buzovy token will work on the basis of the etherium, apparently, Olga will also create her own "empire" on it. Why come up with your blockade, if you can sell such things on someone else's?
• There is no logic in the allocation of funds. Not only that to implement plans Buzova and her team collect negligible amounts of money, so they also managed to distribute them incorrectly. For some research and design of the platform plan to spend 41% of the funds raised - apparently, the number of women's approach to the case of Olga Buzovaya played a role. And it's alright with it, with such a doroguschy design, but how can you spend on the development of such an unrealistic idea just 7% of the amount - a big question.

• Questions about the liquidity of the token. And then we came to the most interesting - direct information about whether there will be buzkoin on the stock exchange there. Even the issue in support of the project did not give a definite answer to this. This means that maybe, and then sell tokens Buzovaya will not be possible - just use it inside the platform, and what to do with them if the platform is not implemented?

What are the chances for success of the Buzovy?

The fact that the crypto currency enters the offline world and becomes close and understandable even to people far from this topic is a great success. It says that the block-space is moving in the right direction and crypto-currencies are really popular. But at the same time, it would be more useful if everyone were engaged in his own business, in which he understands and understands at the level of a professional. Unfortunately, the crypto currency of Buzovaya is no more than an attempt to hook up a hip on a popular topic, but at the same time, and earn good money.

The star will certainly be able to raise funds through her ICO , but it's difficult to pinpoint specific amounts. While the singer and TV personality has many fans and is popular in certain circles, it's a big question whether this audience is solvent enough and willing to delve into the intricacies of buying cryptocurrency. Furthermore, the initiative is primarily aimed at the Russian-speaking market, which isn't as generous with ICO investments.

If we talk about the reality of the project itself, even a person unfamiliar with the specifics of conducting token-seers will understand that amateurs are engaged in its development. The man whom Buzova deifies as the guru of blockade technologies and the main architect of the platform, Dmitry Borodin is the creator of the site for dating Topface. But, you see, dating and a global blockbuster platform are "a little" different things. In all respects, the project of Olga Buzova can be characterized as unrealizable and even utopian - to create such a platform we need simply enormous material and human resources. And if some developers and started a similar product, it is very doubtful that for its development they would be covered by the name of Olga Buzovoy.

To summarize this article, it's clear that the promotion of cryptocurrencies by a public figure like Olga Buzova will undoubtedly allow them to gain mainstream acceptance. However, it would be preferable for this to happen through the example of a successful project, rather than through Buzcoins, which are unlikely to bring any benefit, much less profit. Considering that the main investors in Buzova's ICO will be either those unfamiliar with cryptocurrencies or those looking to capitalize on the hype, it's likely that only those ignorant of investments will invest in Buzcoins, which could cast a shadow on the crypto industry as a whole.