Thanks for your feedback! If you don't mind, could you review my bounty campaign and provide your input, specifically about the three points you stated in your original comment? I'd be very curious to hear what you think of the rewards, the product, and if you foresee KYC being a huge impediment to the campaign.
PlanChain Bounty Thread Thanks in advance!
Well.. I didn't looked in to the project in detail, but it looks interesting. One thing that I have noticed is that the review about this particular ICO is not available in any of the major ICO review sites. This lowers the success rate of the project. Also, I have noticed that there is no upper threshold for the number of participants in the social media bounties (Reddit, Twitter.etc). This can prove to be costly later, if thousands of users join with bots.
One thing that concerns me is the vagueness in the timeline. For example take this:
This bounty campaign has fixed token rewards and will run until Saturday, November 24th (23:59 Midnight CST), or until all tokens have been assigned as rewards!
The Nov 24 date is not a fixed one. Also, this one:
All rewards will be distributed shortly after the Token Generation Event (TGE) comes to a conclusion.
IMO, you need to give fixed dates and not assumptions.
Also, I have noticed that there is a KYC requirement. This is going to discourage more than 90% of the users.
I just want to thank you in advance for even reviewing my bounty thread and providing feedback. I really do appreciate your input and your time doing that!
Just to provide some information to the points you brought up:
1) PlanChain is very early in the startup stages in terms of being listed on ICO sites and other crypto-related forums. They've been hard at work developing the MVP the past few months and have just recently began the process of getting listed on these sites and forums. I completely agree with you that it is hard to be a credible project if you can't even find any sites with information the project! We are on a few now so hopefully this won't be an issue anymore.
2) There isn't a max number of participants per bounty because I wanted to make it unlimited for now and possibly cap it if we ever get to the point where we are getting close to the total tokens allocated. I have a running count of the total tokens rewarded every week so I will know as soon as we get close.
3) The end date of November 24th is fixed. The statement of "or until all rewards have been assigned" was just for safety measures in case we did see a large participation rate and had to end early due to exceeding allocated amount.
4) There were a ton of people who mentioned the same thing about having a defined date for the distribution. Unfortunately, at this time it can't be defined as we have to wait until the pre-sale ends, which isn't defined either. But, as soon as it ends, I've already told the team that a date will need to be specified immediately due to everyone's concerns. So I will have to update the thread as soon as I receive this date so all participants can be reassured on when they will receive their tokens!
Again, thanks for your feedback!