FAQs
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BULLZ is a social app, focused on video recommendations for all things web3, crypto and blockchain.
The web3 space is full of misinformation with countless Telegram groups, tokens, projects, exchanges, and airdrops popping up every day. Finding the real projects can be tough and discouraging.
BULLZ cuts through the bull by providing trusted, authenticated community information and education about projects, tokens, exchanges, events, and everything else web3.
Additionally, creators earn WOM Tokens -the WOM Protocol native token- based on the engagement with their recommendations.
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BULLZ uses the WOM Protocol to peer-review and authenticate every recommendation video on BULLZ.
WOM Authenticators rate each recommendation based on the following criteria:
Authenticity: Is the recommendation honest, reliable, and trustworthy?
Creativity: Did the creator put effort and creativity into a unique recommendation?
Positivity: Does the recommendation show the product in a positive light and create desire?
Content that passes authentication is eligible to earn WOM Tokens. Check out this link to learn more about how WOM Protocol authentication works.
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You can record videos directly in the BULLZ app using the in-app video recording and editing tools. Simply tap on the camera icon and get started! Alternatively, you can upload pre-recorded videos from your phone to the BULLZ app as well.
After you record or upload your video you will be prompted to add the following:
The category of your video (select one)
The project your video is about (enter the brand)
The topic of your video (specific type of product)
A URL (that leads to the project)
The spoken language in the video
The final step is to stake WOM Tokens for your video to be authenticated and for the potential to earn WOM Tokens.
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It all begins with an idea. Maybe you want to launch a business. Maybe you want to turn a hobby into something more. Or maybe you have a creative project to share with the world. Whatever it is, the way you tell your story online can make all the difference.
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There is no minimum time requirement for your video. However, we recommend recording videos between 30-60 seconds in length to give yourself time to properly cover the topic.
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You can use whatever audio you record and own. Any videos with copyrighted music will be removed.
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In the last step before you submit your video you will be prompted to stake WOM. When you stake, your recommendation goes to the WOM Authenticator and if your video passes authentication, you can start earning WOM Tokens.
You earn WOM Tokens based on the daily engagement with your recommendation in relation to the other recommendations in the WOM Ecosystem. The better your recommendation performs compared to other recommendations each day, the more WOM you earn each day.
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After your video passes authentication it is immediately eligible to start earning. Rewards are emitted daily with a few days’ delay for accounting reasons.
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To receive and store WOM, you must create a wallet in the BULLZ app. Follow the steps in the app beginning on the Activity screen to create your wallet. Once you create your wallet, you can start receiving WOM Tokens and see your current balance.
In your wallet you can see your transactions including your daily WOM earnings. You can send and receive WOM to your wallet as well as exchange your WOM for gift cards.
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There is a set daily amount of WOM Tokens rewarded each day in the WOM Ecosystem. How much you earn depends on a variety of factors including the authentication rating on your video and the engagement with your videos (likes, comments, shares, etc.).
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You can do a number of different things with WOM Tokens:
-Redeem your WOM Tokens for gift cards in the BULLZ app. You can redeem your WOM Tokens for gift cards to more than 2,500 brands including iTunes and Starbucks. Which cards are available is determined by your location.
-Exchange your WOM Tokens on a crypto exchange for other cryptocurrencies. You can transfer your WOM Tokens to an external wallet and then exchange them on any crypto exchange that supports WOM Token trading. For a list of current exchanges, check out the WOM Protocol website.
-Use your WOM Tokens to stake more recommendations. Each recommendation you submit requires a stake. You can use your earned WOM Tokens to stake even more recommendations and earn even more WOM Tokens.
-HODL your WOM Tokens in the BULLZ app. Or transfer your WOM to your own external wallet and HODL!
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Your WOM balance in your wallet will change each time you earn, send, or spend WOM Tokens. Your transaction history is visible in your wallet.
Your actual account balance is always denominated in WOM. The USD amount shown in your wallet is simply a guide based on the current exchange rate. The USD amount will fluctuate as the WOM-USD exchange rate fluctuates on open market crypto exchanges.