ICO Analysis: Bountie
Published on September 9, 2018
By Joshua Larson
Proof:
https://hacked.com/ico-analysis-bountie/TeamBased in Singapore, the team of 20 members and 7 advisors look solid.
Lex Na- Co-Founder and CEO. Was Managing Director for 5 years at The Optometry Practice, a discount contact lens store with 3 retail outlets in Johor Bahru Malaysia.
Darren Lee – Co-Founder and COO. Eight years ago, he founded Fixx Digital, an agency that works with companies like TBWA and SingTel to shape the future of digital.
Jose He – Co-Founder and CPO. Founder of a pet technology startup with more than 10 years experience as a senior business development strategist. Former executive chairman of Speaker & Trainer Association.
Daniel Rajesh- CMO. He was the marketing manager for Auto Desk and Procter & Gamble.
Rennie Sng – Crypto Fund Partner. Former Senior Manager with Citibank. 17+ years global work experience in banking and finance and high tech ndustries. He currently sits on the advisory boards of several VC seeded revenue generating companies.
Partnerships Twitch: Streaming and Esports Arena partner. over 15 million daily users
MSI: Their gaming hardware partners. a world leading gaming brand, MSI is the most trusted name in gaming and eSports
GoodGameBuzz- Brand Ambassador. Allows members to complete in-game objectives that offer rewards in our virtual currency called Buzz. GGB is coming in as a Brand Ambassador of Bountie’s platform first before a deeper level of partnership discussion continues
Kitamen- 20 person team with 10 esports dojos throughout Malaysia. Bountie will come in as a sponsor and try to get Bountie tokens used in their dojos
VerdictOverall revenue for eSports is expected to reach $700 million this year and then grow to $1.5 billion by 2020. Bountie will primarily target the Asia gaming market, which makes up almost half of the world market. China alone is responsible for a quarter of all revenues in 2017. These projections, however, mean little to token holders unless the Bountie platform gets adopted.
Risks This will be on the Ethereum blockchain, which means it could be a year or more before the platform is fully functioning. -1
The eSports industry is really new, and there are already lots of startups and current players to compete with. -1
The ease of adoption might not be there with this project. For example, you need referees in order to confirm who wins the tournaments. -1
The best part of this project is their stated partnership with Twitch. However, there is no official announcement on this partnership. When we asked the telegram channel for some sort of evidence, our question got passed along and then dodged. When we do get confirmation, this analysis will be updated. -0.5
According to their road map, there’s supposed to already be a demo out of their platform. Their Telegram spokesmen says its still in development and will be out in a couple weeks.– 1
Growth Potential The Twitch and MSI partnerships are huge. +4
According to their chief marketer, Daniel, the Bountie website received over 162,000 page views and 53,075 new visitors. Telegram has 17,000 members, and their explainer video received over 300,000 views. +2
In the future, they plan to build Bounties’s very own eSports Arena(s) through strategic government partnerships. +2
They have several ways of generating revenue. +2
DispositionThe advisors and claimed partnerships, along with the super low marketcap of $4.5 million, is enough to warrant giving this project a deeper look. 5.5/10
Investment Details Symbol: BNTE
Platform: Ethereum
Total Supply: 200 million
For Sale: 130 million
Hardcap: 20,000 ETH (currently $4.5 million)
Price: 6500 Bountie per 1 ETH
Presale: 23rd September – 27th October (5-15% bonus)
Public Sale: 27th October – 7th November