Disclaimer: we did not get to own any Bluezelle tokens (BLZ) however we are friendly with Pavel (CEO of Bluezelle) and unfortunately our cheque size was not big enough to get into their PreICO round by the time we offered cash.
Bluzelle has an amazing list of investors and advisors. They are taking on the challenge of putting a database on the blockchain. This is going to be an important building block to future projects on the blockchain.
The developers are seemingly being conservative with their cash grab and have limited their fundraise to a sober $19.5 million hard cap. The 7,471 potential investors who got through their KYC process (which closed a week before the ICO) are limited to less than 1 ETH each (0.9397 ETH for the 421 investors in “Group 1,” 0.4698 ETH for the 7,051 in “Group 2,” according to Bluzelle’s Jan. 16 Telegram post).
The next phase around actually building the project will now start in earnest and we hope that some of our future projects can use this database service.