Bitcoin Forum

Many of the ICOs in the market are based on a well-developed "Bounty program", our project in MBYZ does not have one, even if it seems suicidal, the reason is very simple.


Having a Bounty program in an ICO, makes the evaluation of the currency according to the standards of the "Howey Test", results in what is called a Security, that is, breaks the rules of an ICO within the regular, standard standards This will very soon become the norm of the European Union and other regions as well.


Our decision not to have a Bounty Program is not casual, we want to remain within the legislation conducive to the development of our currency, in such a way that allows its commercialization without discrimination of regions or places. WE ARE NOT A SECURITY, it was our interest to disclose. therefore we can not enter a bounty program.


But, is it impossible to get support in communities towards the product? the truth is that no, but it can not be done with a Bounty Program, it must be done in 2 ways:



1.-The particular support of people who believe in the project spreading information about it
2.-the direct payment for advertising for its diffusion.


Now, how can the users of an ecosystem like this benefit from this modality, if it can not be a Bounty Program?


There are also solutions, in this case, we invite you to participate not in a Bounty Program, we invite you to be a direct service provider, as part of a promotion plan, where all your publications if they are to be paid with our TOKEN, must be identified with [ADD] thus allowing all readers and recipients of information to make their decisions freely.


There is no currency with BOUNTY Program, which is not a Security, so in definition, according to the "Howey Test" can not be marketed as ICO. so they are born in illegality. putting at risk its very existence and the investment of the people who believe in the project. While some ICOs are doing it, he talks a lot about the securities of the issuers and their interests.


For us, support is important, but the protection of the cryptocurrency ecosystem is more important. If you support this idea, and want to be part of our [ADD] network, do not hesitate to contact us.


MBYZ Team

Q: What if I found a vulnerability, but I don't know how to exploit it? ... The OLA Security Bug Bounty Program is designed to encourage security ... If you believe you have found a security vulnerability in Ola software, we encourage you to let ... We request you not to do any public disclosure of a bug before it has been fixed.