Bounty help needed !!! | Bitcointalksearch.org

magle

member

Activity: 280

Merit: 10

Quote from: A.Koosay on April 23, 2018, 07:09:19 AM

Thanks alot, that was truly helpful. I was reading their white paper, and given my finance background their project seems legit. I think they are solving an actual problem in the market. What do you think? any inputs about the project itself, not about the bounty?

In my personal opinion I think they are trying to do too much and I also think the amount of money try plan on spending on stuff is out of this world.
3,5 million USD in legal fees,
6 million USD to build an exchange and wallet
etc.
But 0 money set aside for marketing.

There are many other ICOs for exchange / bank that can do or already do the same as they want to at a fraction of the cost.

You need to also think about this project from an investor point of view, not just a bounty hunter. What advantages will an investor get from buying tokens worth 10.000 USD from them? They mention something with dividends in the whitepaper, but do not specify the % they plan on sharing. Just that they will payout when "Ecosystem is sustainable and profitable." This is no good from an investor point of view. I need to know when i can expect ROI and how much they will share with me.

Ps. I could be wrong. Did not read the WP all the way through, just skimmed and searched on important keywords. Like "dividend" , "profit" etc :-)

mithrim

sr. member

Activity: 434

Merit: 436

You basically get what the company/project is willing to give because there are no "rules" or "laws". If they decide that the bounty pool is too high for the participants, they very well could lower it. They could also totally forget about it because the ICO was a success. They also just could be honest and pay what they advertised. You never know until you get your tokens.

DON'T count on getting paid and DON'T use bounties as your only income you rely on.
Crypto is the Wild West, sometimes you get robbed, sometimes you find gold. Make the best of it Cheesy

bobo012

sr. member

Activity: 714

Merit: 257

Quote from: A.Koosay on April 23, 2018, 03:41:22 AM

If I participate in a bounty program in all the requested social media channels, which offers a total of like 6,000,000 USD, and the bounty ends with very few participants, does that mean the few participants get all of the tokens? For example this one

Sometimes they decrease the reward, but sometimes you get really paid well because there was not a lot of participants or they were rejected.
Those bounties with such high rewards are rare

A.Koosay

newbie

Activity: 30

Merit: 0

Quote from: magle on April 23, 2018, 03:50:36 AM

Quote from: A.Koosay on April 23, 2018, 03:41:22 AM

If I participate in a bounty program in all the requested social media channels, which offers a total of like 6,000,000 USD, and the bounty ends with very few participants, does that mean the few participants get all of the tokens? For example this one

It might look look like there will be a huge pay day, but digging deeper, you can see that their total bounty allocation is 5% and half of that goes to referrals. it is also a very long bounty campaign, it lasts until 11th of august.

Since the true bounty allocation is then 2.5% it means that the amount would only be 3M USD, if they reach hardcap, which is 90 million USD. If they manages to raise 45M USD, there would be 1.500.000 USD to share between all bounty hunters etc.

The pre-ICO has not even started, so right now, nothing has been raised and nobody knows how much they would actually raise and if they would even raise enough to hit softcap (if softcap is not hit, bounty hunters get nothing, since project does not start). Their soft-cap is quite high, 37 million dollars. So there is also in my opinion some risk that you would end up getting paid nothing.

As with all bounty campaigns it is also about you believing in the project and therefore taking a gamble on them and help them make their goals.

Thanks alot, that was truly helpful. I was reading their white paper, and given my finance background their project seems legit. I think they are solving an actual problem in the market. What do you think? any inputs about the project itself, not about the bounty?

magle

member

Activity: 280

Merit: 10

Quote from: A.Koosay on April 23, 2018, 03:41:22 AM

If I participate in a bounty program in all the requested social media channels, which offers a total of like 6,000,000 USD, and the bounty ends with very few participants, does that mean the few participants get all of the tokens? For example this one

It might look look like there will be a huge pay day, but digging deeper, you can see that their total bounty allocation is 5% and half of that goes to referrals. it is also a very long bounty campaign, it lasts until 11th of august.

Since the true bounty allocation is then 2.5% it means that the amount would only be 3M USD, if they reach hardcap, which is 90 million USD. If they manages to raise 45M USD, there would be 1.500.000 USD to share between all bounty hunters etc.

The pre-ICO has not even started, so right now, nothing has been raised and nobody knows how much they would actually raise and if they would even raise enough to hit softcap (if softcap is not hit, bounty hunters get nothing, since project does not start). Their soft-cap is quite high, 37 million dollars. So there is also in my opinion some risk that you would end up getting paid nothing.

As with all bounty campaigns it is also about you believing in the project and therefore taking a gamble on them and help them make their goals.

A.Koosay

newbie

Activity: 30

Merit: 0

If I participate in a bounty program in all the requested social media channels, which offers a total of like 6,000,000 USD, and the bounty ends with very few participants, does that mean the few participants get all of the tokens? For example this one

Topic: Bounty help needed !!! (Read 133 times)