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Author Topic: Bounty Everywhere, How to choose a Feasible one?  (Read 65 times)
jelbert1351
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May 04, 2018, 04:40:46 AM
 #1

As a young Crypto Enthusiast and an avid reader of Economics and Entrepreneurship books and published articles, I would say that choosing the right bounty program over thousands of ICOs is really  indeed a though job for a neophyte in the crypto industry. There are lot of queries sprouting out of our minds that needs detailed mentoring from the more knowledgable others of this arena. Though I am just new to this kind of endeavor but I could relate it to my field of expertise. I would like to share some tips to have your journey in the crypto world a less vague. So that , everyone will master the art of scrutinizing bounty campaigns by themselves. Let us unravel by ourselves the key information we need to focus on during this analysis, Let's try to find them out together hand in hand.
First and foremost,  
1. The VISION ,  MISSION AND GOALS of the Project
If the project is made to solve some existing problems and has no answer on the market yet, then it is worth sparing attention.
If the problems solved by the project are mundane and even unprincipled, then the project will be less feasible.
If the problem is FICTIONAL, then it will surely would not pass the test of time.

Then ofcourse,
2. TIME FRAME /ROADMAP

The longer the bounty tasks,  the greater the chances that, at the end we will lose a lot of time without receiving profit, which could be devastating after 2-3 months of work. This is also a manifestation  bad bounty program and will probably end of constantly postponing the rescheduling the program. This would bring about bad reputation of the project since the road map and time frame is not carried out.
Moreover, consider also the
3. Soft-cap

Why is this factor must be given due  impact? If the project does not collect this soft-cap, which is nothing less than the minimum required amount for the implementation of the project - it is good for nothing, and some programs return the money raised through smart contracts  . Funds raised is usually tracked on the official web-site.

Furthermore,
4. The Towering brains behind the Project

Everything is important here: age of the team, experiences, the size of the team (2-3 people can hardly realize it), well-known persons in IT sphere is surely a feasible one good sign, the presence of well-known advisers. The presence of big investors is also important during start the ICO.
You see, putting up on ideas and working on the realization  is not that easy. So this ICOs' success should be a product of collaborative and creative mind.

In additional,
5. Existence of a tangible and non tangible product.

Amassing  money from a bare idea is already a quite difficult task, therefore, such projects should be treated with extreme caution. If there is an application that could be already tested, it is much better and sure will gain quite a percentage of feasibility.

and lastly,

6. Website Look and overall quality
If the site is mediocre  output with lots of bugs in the interface, boring graphics, then either it is sugar coated, or team does not have a well competitive and skillful programmers. They are manifestations of unfeasible bounty and likely will not succeed, if it so, it will likely be a scam. So stay out of it.
Let us know what is your idea, on this and lets help everyone for them to be guided all through out the way.
Ideas are very welcome. Please comment below.

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May 04, 2018, 05:23:14 AM
 #2

As a professor of Economics and Entrepreneurship , I would say that choosing the right bounty program over thousands of ICOs is really  indeed a though job for a neophyte in the crypto industry. There are lot of queries sprouting out of our minds that needs detailed mentoring from the more knowledgable others of this arena.

A professor? Nice!

I have a few questions for you:

  • How do we know if the problem is real or not? Often the utility of the token sounds great but the whitepaper may fail to offer great detail on the actual market opportunity or need
  • What are the biggest risk factors for us? What are the things (either in commentary from the developers or in the whitepaper) that should give us pause?
  • What do we do about the lack of liquidity of ICOs from the start...or do you feel there is a liquidity problem?
  • When should we cut our losses if the ICO tanks form the opening bid?

jelbert1351
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May 04, 2018, 05:42:44 AM
 #3

As a professor of Economics and Entrepreneurship , I would say that choosing the right bounty program over thousands of ICOs is really  indeed a though job for a neophyte in the crypto industry. There are lot of queries sprouting out of our minds that needs detailed mentoring from the more knowledgable others of this arena.

A professor? Nice!

I have a few questions for you:

  • How do we know if the problem is real or not? Often the utility of the token sounds great but the whitepaper may fail to offer great detail on the actual market opportunity or need
  • What are the biggest risk factors for us? What are the things (either in commentary from the developers or in the whitepaper) that should give us pause?
  • What do we do about the lack of liquidity of ICOs from the start...or do you feel there is a liquidity problem?
  • When should we cut our losses if the ICO tanks form the opening bid?
Wow, thanks for the interest of the post. Quite a few questions you have their and I will try to answer it as interesting as possible .
1. The popular addage says Necessity is the mother of all inventions that means we human has an innate chracteristic of being curios which tends us to unlock lot of things of higher possiblities to solve our intervening situations, adversities, and needs. We can tell the project is real and useful once it answers directly to the needs of the humanity.

2. The biggest factor is the volatility of the market, the demand of the products and available needs to be further observed.  so I would say that we should focus on the one that has very competitive human resource which are keeping on evaluating their products in relation to their Vission, MIssion and goals.

3. If the team is dedicated their still lot of rooms for improvement. Researching, tapping the right people and venturing on the right market are the keys.

4. Just by observing the market and the team direction towards their goals, abandoning their project manifested on their actions like getting out of downs first before the investors. A good team always try to care for the network, the persons involved, investors rather than the business itself. Your good to go once the market has decided, do not decide with yourself alone, you surely end up with great losses. Those were among others. Pretty much thankful if you could share some ideas too.

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May 04, 2018, 11:49:31 AM
 #4

WOW thanks, it really helps me to identify now a project with a high possibility of reaching their market cap and at the same time will lessen the chance of doing bounty and at the end they will not pay.

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May 04, 2018, 12:02:35 PM
 #5

I was absolutely convinced that your original post was plagiarized, but I just spent a good 15-minutes trying to track down anything similar and I came up empty. You spelt "Vision" wrong, unless "vission" is something new that I've never heard of. Your criteria are way too corporate and it sounds like you're missing the point of cryptocurrency entirely. Too many people and companies seem to think there is a correct formula to creating a profitable crypto, when in reality all you need is something helpful, useful and creative to catch on.

jelbert1351
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May 04, 2018, 02:54:28 PM
 #6

I was absolutely convinced that your original post was plagiarized, but I just spent a good 15-minutes trying to track down anything similar and I came up empty. You spelt "Vision" wrong, unless "vission" is something new that I've never heard of. Your criteria are way too corporate and it sounds like you're missing the point of cryptocurrency entirely. Too many people and companies seem to think there is a correct formula to creating a profitable crypto, when in reality all you need is something helpful, useful and creative to catch on.
Oh thanks very much for spending time finding articles like. But i assure you it would take years or even never before you could find exactly the saame article. VISION I stand corrected, a typographical and a room fpr improvent. Anyways thanks.

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jelbert1351
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May 04, 2018, 02:56:45 PM
 #7

I was absolutely convinced that your original post was plagiarized, but I just spent a good 15-minutes trying to track down anything similar and I came up empty. You spelt "Vision" wrong, unless "vission" is something new that I've never heard of. Your criteria are way too corporate and it sounds like you're missing the point of cryptocurrency entirely. Too many people and companies seem to think there is a correct formula to creating a profitable crypto, when in reality all you need is something helpful, useful and creative to catch on.
Thats why perpahs I was soliciting ideas from more knowledgable others like you to help us. So they say their might be things that you have nevwr heared of that I know. At the end of the article I sajd I welcome adsitional information. Thanks very much.

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jelbert1351
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May 04, 2018, 02:58:12 PM
 #8

WOW thanks, it really helps me to identify now a project with a high possibility of reaching their market cap and at the same time will lessen the chance of doing bounty and at the end they will not pay.
You are always welcome. You could add on so that we will share ideas.

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Sarzy15
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June 24, 2018, 04:01:30 PM
 #9

I normally use bountyhive platform. Their bounties there are worth it
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