Bolt UBI White Paper

Bolt: Empowering Economic Stability & Community Unity via UBI

Overview

Universal Basic Income (UBI) refers to the regular provision of a certain amount of money to every citizen or member without the need for conditions or eligibility checks. This income is distributed by the government or organizational entities to all members, aiming to meet people's basic living needs, including food, housing, education, healthcare, and essential public services.UBI has the following characteristics:

  1. Regular Payments: UBI involves periodic payments, such as monthly disbursements of a fixed amount as basic income.

  2. Cash Payments: UBI is provided in the form of cash, allowing individuals to decide how to use this income.

  3. Individual Payments: UBI is distributed on an individual basis rather than to households or organizations.

  4. Universality: UBI is universally granted to everyone without the need for eligibility checks.

  5. Unconditional Payments: UBI is paid unconditionally, without requiring employment or a demonstration of willingness to work.

UBI is not merely a simple distribution of money but a declaration of basic economic security, a banner to alleviate poverty and dissolve inequality. It not only provides greater freedom and opportunities for individuals but also challenges the entire societal system. However, in this labyrinth of money, UBI does not reveal the source of this coin, which institution will implement it, or the true nature of this money. In this handbook, we focus on a grassroots democratic perspective on money, viewing UBI as people-driven currency, with Bolt as the pulsating heart of money, inspiring humanity's exploration of collaborative wealth creation.

About Bolt UBI

Introduction

At Bolt, we are not just a UBI product; we represent an innovative empowerment of the economy. Our Proof of Performance (POP) mechanism is not only technical ingenuity but also an impregnable strategy against the Sybil attack problem, allowing individual tokens to manifest tangible value in reality. Introducing a performance pool ingeniously, we transform incentivized tasks into efficient and transparent transactions, such as promoting DeFi protocol tasks, providing participants with real and substantial profit settlements, converting their behavioral performance on-chain into valuable "credit records."Our engineering design reflects profound consideration for large-scale users. Our token system supports interoperability with the DeFi system on Ethereum. Bolt is more than just a protocol; it is a practical interpretation of the UBI philosophy, enabling its flourishing development in the digital economy. It serves as the foundation for a UBI bot based on Telegram, supporting the following functions:

  1. AI Dialogue and Chat Mining: At Bolt, we combine AI with mining, engaging in daily conversations with our AI bots to mine valuable points through AI intelligence. In the future, we will support chat mining in various scenarios, introducing AI models to generate personal AI agents for a richer user experience.

  2. Exploding Red Packets and User Registration: Bolt not only supports sending regular red packets but also features innovative exploding red packets. Users can send exploding red packets to friends, and upon receiving the packet, friends can register, providing not only an interactive way but also an opportunity for deeper user engagement.

  3. FHE Mechanism for Protecting Friendships and On-chain Identities: In Bolt, we introduce the Fully Homomorphic Encryption (FHE) mechanism to safeguard user friendships and on-chain identities. This mechanism ensures user privacy, simultaneously guaranteeing the security of Local Little Models (LLM), creating a secure and reliable interactive environment for users.

Bolt is more than just a protocol; it is a practical interpretation of the UBI philosophy, enabling its flourishing development in the digital economy. We acknowledge the role of inflation in value redistribution, and the inflation rate embedded in the Bolt system is not merely a numerical value; it is a proactive response to wealth redistribution. In the Bolt system, we focus not only on digital interactions but also on the social forms between individuals. Recognizing the contradictions in existing methods, we challenge them in practice, collaboratively creating alternative solutions and establishing a more solid infrastructure for value distribution. Bolt's UBI product is not just a technological achievement but a steadfast commitment to societal transformation.

Mechanism

BOLT: BOLT presents an unprecedented monetary system based on the concept of personalized cryptocurrency and a trust social graph. Our goal is to realize wealth equalization through this monetary system, turning the dream of achieving universal basic income worldwide into reality. Let's delve into how BOLT realizes this vision in its UBI product.

  1. Currency Minting Mechanism: BOLT employs a currency minting mechanism. Whenever a new user joins the system, a unique personal cryptocurrency is created on the blockchain through smart contracts. This personal currency is minted at a rate of 1 per minute, forming the basis of the user's UBI property. The minting volume of new currency inflates each year, ensuring a constant injection of new currency into the system.

A joins the system, creating ACoin
PersonalCoins are all minted at a rate of, for example, 1 per minute
Five minutes later A has 5 ACoin and B joins the system, creating BCoin
Five minutes later A has 10 ACoin and B has 5 BCoin

  1. Inflation Plan: To prevent hoarding behavior and incentivize economic activity, BOLT introduces an annual inflation plan. Each year, all personal currencies issue more tokens, prompting users to actively participate in transactions through payments once per second. This is our robust response to wealth redistribution, where inflation in BOLT is a process that promotes relative wealth balance compared to traditional debt systems.

A joins the system, creating ACoin
PersonalCoins are all minted at a rate of 1 per minute, and inflates 100% every five minutes
Five minutes later A has 5 ACoin and B joins the system, creating BCoin
A transfers her 5 ACoin to B
A has 0 PersonalCoins and B has 5 ACoin
Five minutes later A has 5 ACoin while B has 5 ACoin and 5 BCoin
A has 5 coins total, and B has 10 coins total. The difference between their holdings is 5 and Alice has .5 (half) the amount of coins that Bob has.
The issuance rate inflates 100% and is now 2 coins per minute.
Five minutes later A has 15 ACoin while B has 5 ACoin and 15 BCoin.
A has 15 coins total and B has 20 coins total. The difference between their holdings is still 5, but now
A has .75 (three quarters) the amount of coins that B has. The relative difference between their holdings is decreasing.

  1. Trust Currency and Transfer Exchange: In BOLT, trust relationships between users take the form of valuable currency. Users can choose to trust the currency of other users and, through smart contracts, equate their currency to any other BOLT currency they hold. This trust mechanism enables the transmission of currency in a social network and facilitates effective global trading through a chain of transfer exchanges. This is a clever application of social network transitivity, making the exchange of BOLT currency easier.

B trusts ACoin
A trusts CCoin
A has 10 ACoin
C has 10 CCoin
C wants to pay B 5 PersonalCoins
C gives 5 CCoin to A and takes 5 ACoin from her
C gives 5 ACoin to B

  1. Trust Limits: To ensure the healthy operation of the system, BOLT introduces a trust limit mechanism. Users can set trust limits, meaning that when trusting other currencies, users can include the maximum amount of currency in their trust network. This allows new users to integrate into the system in a more controlled manner, gradually building more trust relationships and increasing the interchangeability of their currency. The trust limit mechanism helps prevent excessive concentration of trust by old users, avoiding situations where new users can not integrate into the system.

25 people trust ACoin
B is new, so only A trusts BCoin
A puts a limit of 10 BCoin per month on her trust
B has 100 BCoin
A has 100 ACoin
B gives 10 BCoin to A and takes 10 ACoin from her
B can now spend one tenth of his money with 25 people (and their friends, and friends of friends, etc)
A sets aside her 10 BCoins to spend once B has made more trust relationships
B gets 10 people to trust BCoin
A raises her trust limit on BCoin to 100 per month

  1. Defense Against Fake Accounts: BOLT combats fake accounts using a similar mechanism, restricting user behavior through direct peer-to-peer contacts in the trust network. Even if users create multiple fake accounts and trust each other, the use of their tokens is still limited by the trust placed by actual users. This mechanism ensures the security of the system, preventing potential abuse.

B trusts ACoin
A makes a fake account and trusts FakeCoin
A has 10 ACoin
FakeA has 10 FakeCoin
A wants to buy something worth 10 PersonalCoins from B using FakeCoin
FakeA gives 10 FakeCoin to A and takes 5 ACoin from her
FakeA gives 10 ACoin to Bob

BOLT is not just a UBI product but a deep exploration and interpretation of the Circles concept. Our mechanisms prioritize the robustness of the system while emphasizing trust relationships and transaction efficiency among users, providing an innovative approach to realizing the dream of global basic income. BOLT is not just a monetary system but a steadfast commitment to economic justice.

Bolt UBI Account

BOLT UBI Account: Expand Your Wealth JourneyBOLT UBI Account is not just a Telegram-based UBI bot; it is also your powerful assistant for wealth growth. Let's explore the outstanding features of the BOLT Account together:

  1. Wallet Binding and NFT Mining: In the world of BOLT, users can easily register and enhance security by binding an ERC20 wallet. To qualify for airdrops, users need to engage in NFT mining on Blast.io, providing a comprehensive and secure digital asset interaction experience.

  2. Daily Check-ins and Token Rewards: Users can effortlessly check in on the Telegram Bot daily, receiving real-time token rewards. This simple yet efficient feature provides users with continuous UBI income, incentivizing participation in community activities.

  3. Exploding Red Packets and Registration Drives: Users can send exploding red packets to friends via BOLT, and when friends claim the red packets, they enter the user interface to complete registration. This unique feature serves as both a social interaction and a potent promotion strategy for BOLT.

  4. AI Conversations and Chat Mining (Coming Soon): BOLT introduces AI conversation functionality, allowing users to chat mine with their AI bots daily. In the future, support for chat mining in various scenarios will be added, making mining more entertaining. Additionally, the introduction of AI models to generate personal AI agents will enhance the user experience.

In BOLT's UBI product, these features intertwine, forming a comprehensive and highly interactive ecosystem. BOLT not only offers users diverse ways to earn tokens but also provides a wealth journey full of fun and social interactions. In the world of BOLT, UBI is no longer just a simple digital token; it represents an entirely new way of life. Begin your BOLT UBI journey and reach new heights of wealth.

Bolt UBI AI agent

BOLT AI Agent: Pioneering the Future of AIWelcome to the realm of BOLT's AI Agent, a novel and innovative platform that combines AI technology modules with the UBI economic system, providing users with a unique experience. BOLT AI Agent, with MyShell as its cornerstone, utilizes state-of-the-art generative AI technology to offer users opportunities to easily create personalized AI applications and discover cutting-edge AI products.In the world of BOLT's AI Agent, creators are no longer exclusive to developers. Through technologies such as large language models, stable diffusion, and voice cloning, anyone can become a super creator. We integrate AI technology modules into BOLT's UBI ecosystem, offering users an all-in-one solution without the need for in-depth learning and coding.The development roadmap of BOLT AI Agent includes three main stages:

  1. Phase One: Flourishing Development of the AI Application Service Ecosystem：In this stage, BOLT will establish a thriving AI-native application ecosystem serving over 100 million users. We incentivize creators and AI model developers, making them integral parts of the community. Users can earn tokens by supporting the work of these creators, fostering a win-win community experience.

  2. Phase Two: Implementation of Decentralized Storage：BOLT decentralizes the storage of AI-native applications, AI models, and user data, storing user data on the blockchain. Users have absolute control over their data, deciding whether to grant model access and earning token rewards during the process, creating a genuine user data autonomy.

  3. Phase Three: Integration of Decentralized Computing Resources：To achieve decentralized AI model inference and training, BOLT integrates decentralized computing resources. This strategy ensures the democratic distribution of computing resources, drives innovation, and provides more opportunities for every community member.

BOLT AI Agent is not just a culmination of AI technology; it is a pioneering platform that empowers users and fosters mutual prosperity. Join us and embark on the future journey of AI and UBI.

Privacy

FHE

BOLT's FHE: A Future Encryption Solution for Protecting Friendships and On-Chain Identities：Fully Homomorphic Encryption (FHE), an ancient yet powerful encryption technology, has played a crucial role in the conceptualization of internet technologies. Recently, FHE has gained widespread attention, particularly in the field of encryption, thanks to Fhenix Network's clever integration of its capabilities into Ethereum, introducing the fhEVM solution. BOLT proudly incorporates the FHE mechanism, aiming to provide developers with a more secure and privacy-protecting on-chain interaction experience through pre-compile binaries.Unleashing Infinite Imagination:The FHE mechanism is not just a technological achievement; it opens up boundless imaginative possibilities for the future. In gaming scenarios, players' privacy receives comprehensive protection, allowing card computations without revealing real data, thus promoting fairness in games. In DAO voting scenarios, whales' governance votes no longer need to expose the vote count, ensuring the fairness of the protocol's voting results. In private transaction scenarios, users can submit fully encrypted transactions to the mempool, eliminating the exposure of transaction privacy information. In regulatory compliance scenarios, governments can monitor transactions' overseas flow of funds without viewing the details of legal transactions, deducting assets related to blacklisted addresses. This innovative thinking expands the application boundaries of FHE in practical scenarios, making it more versatile than Zero-Knowledge Proofs (ZKPs).Distinguishing FHE from ZKP:ZKPs address the consistency transmission issue under encrypted data states, ensuring data integrity. It is a point-to-point encryption solution and has achieved significant results, especially in lightweight zk-SNARKS, widely applied in layer2 Rollup and other scenarios. On the other hand, FHE focuses on solving the recomputation issue under encrypted data transmission states, representing a more extensive encryption solution for many-to-many scenarios. Despite consuming substantial computational power and having relatively lower efficiency, BOLT believes that through continuous technological innovation and optimization, FHE will become an indispensable part of future on-chain privacy protection, even more extensive than ZKP.BOLT's FHE is not just a technology; it is a robust guardian of user privacy, providing a more secure and reliable guarantee for on-chain interactions. Let us eagerly anticipate the splendid performance of BOLT FHE, injecting more innovation and security into the blockchain world.

LLM encrypted by FHE

BOLT's FHE Encrypted LLM: Reshaping the Boundaries of Privacy and Computation:BOLT takes pride in integrating Fully Homomorphic Encryption (FHE) technology, dedicated to preserving the intellectual property and user privacy of large language models (LLMs) during inference. This is a significant technological innovation that brings new possibilities to the field of artificial intelligence.Protecting Intellectual Property and Privacy Inference with Fully Homomorphic Encryption:Fully Homomorphic Encryption, renowned for its ability to perform calculations on encrypted data without decryption, provides comprehensive protection for the privacy inference of language models. BOLT's FHE mechanism ensures complete confidentiality of prompt words by computing encrypted data, effectively safeguarding the intellectual property of large language models. This dual protection of data privacy and intellectual property security establishes a higher level of trust for both users and enterprises.Challenges and Breakthroughs:Achieving real-time inference for large-scale language models under Full Homomorphic Encryption remains a formidable challenge. Considering complex models like GPT2, the processing time for a single token can be as high as 52,000 seconds, making it impractical for real-time communication or practical applications. However, the BOLT team has demonstrated breakthroughs and innovations in technology, committed to addressing performance limitations. Through continuous algorithm optimization, they herald a future of real-time inference.The Importance of Algorithms:In the current landscape of Fully Homomorphic Encryption technology, algorithms become a crucial factor in bridging performance gaps for large-scale language models. The BOLT team firmly believes that algorithmic innovation is a key component in addressing this disparity. Therefore, we focus on the research and development of relevant algorithms, paving the way for the efficiency of Fully Homomorphic Encryption in practical applications.Redefining AI Interaction: BOLT's FHE Encrypted LLM combines the security of Fully Homomorphic Encryption with the computational capabilities of large language models, setting a new benchmark for artificial intelligence interaction. Despite facing some challenges, through continuous research and innovation, we aspire to achieve real-time privacy interaction with AI models like ChatGPT, providing users with a more efficient and secure experience. This technological breakthrough will drive the widespread application of artificial intelligence technology in various fields, opening up broader prospects for the future of AI interaction.

Economics

Token distribution

BOLT is the native token of UBI.Bolt, with a total supply of 100 million. The distribution plan is as follows:

  1. POP Mining Incentives (55%): This portion, totaling 55 million BOLT, will be gradually unlocked based on the algorithm within the POP mining mechanism. Rewards will be distributed every 3,600 ETH blocks (approximately 12 hours) as a cycle. Initially, each cycle rewards 137,500 BOLT, with a 50% reduction every 720,000 ETH block cycle (approximately 100 days).

  2. Airdrop Rewards and Community Governance (20%): This section, totaling 20 million BOLT, includes:

  • Community Building (2%): 2 million BOLT for public rewards to early community contributors.

  • Airdrop (5%): 5 million BOLT to reward early BoltUBI users globally. Airdrops will be distributed to all successfully activated BoltUBI accounts based on a snapshot deployed on ETH1.0.

  • Liquidity Incentives (5%): 5 million BOLT to incentivize supporters injecting liquidity into the Bolt/ETH trading pair.

  • Community Governance (8%): 8 million BOLT through UBI.Bolt's community governance, transparently used to incentivize developers and community contributions. Linear unlocking will occur over 4 years starting three months after the UBI.Bolt contract is deployed.

  1. Founding Developers and Early Supporters (25%): This section, totaling 25 million BOLT, includes:

  • Founding Developers (8%): 8 million BOLT, linearly unlocked over 18 months from the UBI.Bolt contract deployment.

  • Early Supporters (17%): 17 million BOLT.

POP mining mechanism

UBI.Bolt is distributed through the Proof of Performance (PoP) mechanism, where users obtain Bolt tokens based on their individual comprehensive performance.The system's root node is denoted as "O." Upon joining UBI.Bolt, users become "Node Users X." Node Users X can, based on their performance, redeem a corresponding quantity of Bolt by using their own address in the UBI.Bolt performance pool.The algorithm for calculating Bolt rewards is as follows: The total quantity of Bolt available for redemption within the UBI.Bolt performance pool during a specific period, referred to as poolBolt, is determined. Firstly, the ranking i of Node X within parallel nodes is calculated based on its composite performance J(X). Subsequently, the Bolt quantity Bolt(X) that Node X can receive from the performance pool is computed based on the trust ratio value T(X).The issuance and formation of the Bolt, through block rewards, result in the creation of a performance pool. External organizations can inject Bolt rewards into this pool to incentivize desired user behavior. The performance pool initially accumulates at the root node O and is then distributed downwards to node users.

  1. In the Bolt issuance process, the calculation of the quantity of Bolt rewarded per block changes gradually over time. Prioritizing UBI.Bolt involvement increases the likelihood of obtaining more Bolt. The number of Bolt rewards per block is denoted as oneblockBolt, with the starting block height as start block, the current block height as now block, and a block reward span defined as limit.

  2. The total quantity of Bolt in the performance pool (poolBolt) is constituted by the combination of each block's reward (oneblockBolt) and additional incentive Bolt (bonusBolt). bonusBolt represents extra incentive Bolt provided by any organization. Organizations can purchase or exchange Bolt from the circulating market to place in the performance pool, thereby stimulating the desired user behavior. The condition is bonusBolt ≥ 0.

  1. The distribution of rewards from the performance pool is initiated from the root node O and distributed downward to node X. As such, the quantity of Bolt at the root node O equals the quantity of Bolt in the performance pool.

The subsequent steps involve calculating the rules and methods for distributing Bolt from the root node O downward to node X.

Calculating the exchangeable quantity of Bolt for Node X: In the UBI.Bolt performance pool, Node X can receive Bolt rewards based on performance, and Node X can claim them using their own address. Due to variations in user behavior leading to different performances, the Bolt quantity that each user can obtain, denoted as Bolt(X), will be sequentially calculated through the following steps.

  1. Calculating the composite performance J(X) of Node X and re-determining the ranking i: Different organizations can publish N types of tasks in UBI.Bolt, forming N performance schemes. Node User X can choose to complete all or some of these tasks. The quantity and behavior of trusted users linked to Node User X will influence Node User X's composite performance. The set of lower-level nodes trusted by X is denoted as H(X), with a space of N and a set {M(X1), M(X2), M(X3), ..., M(Xn)}. When N = 0, H(X) is expressed as an empty set. The performance value JXj(X) for a single task completed by Node User X equals the sum of their own completion (JXLj(X)) and the completion by lower-level users (JXj(M(Xi))).

    2. The corresponding Bolt reward quantity for a single task completed by Node User X, denoted as Bolt(JXj), is within the performance pool CITY quantity (poolBolt). The performance completion result for each task is denoted as J(Xj), and the result set array is represented as H(JX). To avoid the unfair impact of high performance on total performance due to low-weight task indicators, the method for calculating Node User X's composite performance is J(X).

    4. Recomputing the ranking i within the branch for Node X: After calculating the composite performances J(X) of the nodes, parallel nodes are reordered based on this value. The variable i represents the sequence ranking between parallel nodes. Nodes with higher composite performance values have higher rankings, satisfying the condition i≥1.

Calculating the trust ratio value T(X): In UBI.Bolt, the trust ratio value is transmitted downward from the root node O along trust relationships. The trust ratio value will have default system settings, but User X can also adjust the settings for self-retention trust ratio (TL(X)) and the trust ratio of lower-level nodes (T(M(Xi))) to maximize User X's interests. The default values are: the root node's self-retention trust ratio (TL(O)) is 0%, and Node X's self-retention trust ratio (TL(X)) is 50%.

  1. Under default circumstances, the relationship between T(M(Xi)) and i is i≥1.

  1. If User X wishes to independently mediate the trust ratio values of lower-level nodes, the trust ratio allocated by any lower-level node Xi is constrained by two formulas involving the ranking i (Xi relationship).

Calculating the quantity of Bolt redeemable by Node X: The trust value between Node User X and the root node O is denoted as T(X,O). The set of trusted nodes from X to O is denoted as AT(X,O), with a space of N. The internal order of the set, arranged from X to O, is {M(X,O)0, M(X,O)1, M(X,O)2, ..., M(X,O)N-1}, where M(X,O)0 is Node X, and M(X,O)N-1 is the root node O. The trust ratio value between Node User X and the root node O is represented as:

  1. The single-time quantity of Bolt tokens that Node User X can claim is calculated as:

  1. Through this calculation, it is determined that the node ranking first in UBI.Bolt will receive a 50% Bolt reward during the cycle for distribution to itself and the node users below it. The ranking will continuously change with the evolving composite performance values of node users.

Bolt Governance: UBI.City will initiate a governance contract three months after the contract's deployment and concurrently commence a 4-year governance incentive. Governance schemes will be released synchronously with the governance contract based on actual operational conditions.

FAQ

Q1: What is BOLT UBI?A: BOLT is a digital complementary currency designed to support a more democratic and equitable economy. As a Universal Basic Income (UBI) system, BOLT allows users to establish their economic systems, enabling unconditional people-driven currency issuance through the Circles system.Q2: What are the benefits of using BOLT UBI?A: BOLT tokens move through the system via trusted connections, fostering local economic interactions and providing opportunities not offered by traditional capital. Circles offers communities a chance to focus more on aspects overlooked in the current system, such as caregiving, achieving economic fairness.Q3: Isn't all of this a bit radical?A: Current society is facing complex crises that demand radical actions to avoid complete collapse. BOLT believes that achieving basic income and valuing care and mutual assistance is not radical but necessary to address today's crises.Q4: Does BOLT issue genuine basic income?A: Yes, BOLT provides basic income issued regularly and equally by trusted community members through smart contracts. Unlike most basic income plans, BOLT is decentralized, not controlled by a single currency issuer, relying on Distributed Ledger Technology (DLT).Q5: How does the delay fee work in the BOLT UBI system?A: BOLT's delay fee mechanism addresses the continuous increase in currency supply. One token is issued per hour or 24 tokens per day, but as the number of users increases, the currency supply also increases. Through the delay fee, BOLT ensures convergence between relatively fewer and more users, promoting economic flow and vitality. This mechanism results in a decrease in net balances relative to UBI after around 14 years, ensuring liquidity and encouraging users to exchange BOLT for valuable items.Q6: Why is having a complementary local economy beneficial?A: Imagine the euro and the big bank-dominated hegemonic currency system as a racing car, suitable for certain scenarios but not all. Driving on muddy or slippery roads might require another tool, like a complementary bicycle. BOLT is a complementary currency not meant for wealth accumulation but for local community building and expenditure.Q7: Why is BOLT valuable?A: Consider money as a language. The value of BOLT depends on services and goods provided by community members, different from physically embodied currencies. BOLT makes value tangible by supporting the "promise" of funds, ensuring that people get value for what they promise. This differs from the way banks and monetary policies determine currency value.Q8: Can using BOLT make you wealthy, like early investors in Bitcoin?A: Uncertain. BOLT's design differs from Bitcoin as it is not based on scarcity. BOLT's creation is infinite, depending on the number of people joining the network. Unlike Bitcoin, BOLT encourages consumption and circulation rather than hoarding.Q9: What does BOLT have in common with feminism?A: BOLT empowers small communities, balancing historically assigned work to women. By acknowledging traditionally devalued gender work like caregiving, BOLT provides an opportunity to promote social awareness and balance.Q10: What are the benefits of users having personal tokens?A: By issuing personal basic income, each user's tokens have a unique path and origin. This helps protect the system from fake accounts and encourages users to use their BOLT tokens.Q11: What are the benefits of a bottom-up monetary mechanism?A: Using BOLT as a payment tool can reduce the central bank's vacuum effect, keeping money and value closer, thereby feeding back to the community. This helps create an ecological, decentralized, sustainable, and equal economic system.Q12: Is there a need to pay taxes after using BOLT?A: Tax obligations depend on your specific situation. If you are a business or provide goods or services with BOLT, you may need to pay taxes in euros or the local official currency. Tax obligations depend on your jurisdiction; consult professionals for relevant advice.

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