I have noticed that newbies have a lot of questions how to choose the right campaign. I want to note that blindly going behind a bounty manager from project to project is not a very correct approach, since he is not the guarantor of the success of the project - it depends entirely and completely from the developers. The manager can guarantee the quality of his duties and nothing more.
Therefore, everyone must learn to analyze bounty campaigns by themselves. What do you need to pay attention to during this analysis? Let's try to find out.
1. The idea of the project
If the project is called upon to solve some real problem and has no analogues yet, then it is worth attention.
If the problems solved by the project are secondary or even unprincipled, then the project will be already difficult.
If the problem is "imaginable", then boldly pass by.
2. Duration of the bounty campaign.
The longer the bounty lasts - the greater the chances that, at the end of it, you will lose a lot of time without receiving any profit, which could be insulting after 2-3 months of work. Also a bad sign when the end of campaign is constantly postpones.
3. Soft-cap
Why is this factor so important? If the project does not collect this soft-cap, which is nothing less than the minimum required amount for the implementation to the project - you will get hole from donuts . You can track of the official web-site how many company has already collected.
4. Command
Almost everything is important here: age of the team, experience, the size of the team (2-3 people can hardly realize it), well-known persons in IT sphere could be a good sign, the presence of well-known advisers. The presence of business angels is also important (big investors during start the ICO).
5. Presence of a prototype or finished product.
Collecting money on a bare idea is already quite difficult, therefore, such projects should be treated with extreme caution. If there is an application that could be already tested, it is much better.
6.Website quality
If the site is poorly made, many bugs in the interface, poor graphics, then either it is made for illusion, or team has not normal programmers. Both options, of course, are not a good sign.
Conclusion
This checklist was written for beginners, for slight analysis, because deep research could be a little bit challenging for them. And of course it is good the check the ICO rating and to read the white paper. But for beginners it will be enough to enter projects that will terminate in couple of weeks and that had already gotten at least the soft cap.
Thank you for reading to the end! Wish successful bounty for everyone!
This checklist has got the best of information concerning selecting a lucrative bounty. I think every newbie should check it out; I have learned a lot from it.