ICO Analysis: Bounty Angels
Published on July 17, 2018
By Gerelyn TerzoVerdictThe Bounty Angels ICO has the potential to catch on like wildfire among ICO investors. It’s an engine to connect bounty hunters with the best blockchain projects that are looking for marketing. While the project displays tremendous promise, it doesn’t appear to have advanced enough from the concept stage, as evidenced by its dependence on the ICO funds to both develop the platform and hire developer talent. Once these pillars are in place, there could be no stopping Bounty Angels.
Risks The company is still hiring developer talent for the creation of “complex smart content that will
make it possible to automate distributions.” The fact that the developer talent is not yet in-house exacerbates the risk for investors as it could lead to delays in the building out of the ecosystem until the team is a well-oiled machine. Not to mention if the fundraising efforts fall short and prevent them from hiring top talent. (-3)
There doesn’t appear to be a mention of mobile anywhere in the white paper. While this doesn’t necessarily mean that an iOS and Android app isn’t on the horizon, it may be far down the roadmap if it didn’t warrant a mention. (-1)
Bounty Angels is not the only rodeo. They allude to a competing project, Bounty0x. (-1)
Growth Opportunity Research suggests that there’s a direct link between bounty programs and ICO tallies. The larger the bounty campaign, the higher the amount that the ICO ultimately raises, suggesting that the engagement of bounty hunters pays off. According to Element Group, which performed the research, “[A] $1 increase in bounty campaign volume predicts between an $8 and $15 increase in the final amount raised.” This should incentivize ICO founders to participate in bounty programs and potentially join the Bounty Angels platform. (+3)
Artificial intelligence is a key technology that could propel the platform beyond the competition, especially if said competition isn’t automating their process yet. While it’s unclear when AI would be implemented, it does appear to be on the roadmap. (+3)
According to the website, Bounty Angels has received a good amount of media attention, which may have something to do with the fact that its management team doubles as journalists. This is a plus for the project and its upcoming ICO. Also, if the adage ‘you get what you pay for is true,’ that’s a plus for Bounty Angels as it’s a paid platform. (+2.5)
What the company describes as “intensive work” on the project hasn’t even begun yet. While we could view this as a risk or reward, we decided to count it as a plus, as it explains why so much has yet to be done. It also reminds us that Bounty Angels has yet to reach its full potential of where the project can be when it is in full-throttle. The beta version is scheduled for January 2019. (+3)
DispositionWe come to a score of
6.5 for the Bounty Angels ICO. Keep in mind we will plan to revisit this project once it kicks into high gear.
Investment Details Token Type: ERC20
Platform: Ethereum
Symbol: BANG
Pre-ICO: Sept. 3, 2018 – Oct. 3, 2018
Public Crowdsale: November – December 2018
Token Supply: 20 million
Tokens Available for Sale: 14 million across the pre-ICO and ICO
Soft Cap: Pre-ICO = $100,000
Hard Cap: Pre-ICO = $500,000; ICO = $3.5 million
Token Price: to be announced
Payment Methods: to be announced
Proof: https://hacked.com/ico-analysis-bounty-angels/