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Author Topic: How to choose bounty?  (Read 22801 times)
NikoF (OP)
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November 06, 2018, 06:34:52 PM
 #1

Hey guys I have different criterias:
1) ICO rating site
2) Design of the site (if it is too primitive and not unique don’t even pay attention)
3) Social Networks and activity there.
4) Number of subscribers in telegram
5) Team must pass KYC test on ICO Bench
6) Huge partners. For example exchanges
7) Hype
What do you think is this enough, or you recommend to add something?

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MadGamer
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November 11, 2018, 07:31:48 PM
 #2

1. It's sponsored most of the time, doesn't mean anything.
2. Fair point but all ICOs out there are building modern sites right now. In other words, they're investing in creating the perfect scam.
3. It doesn't mean anything, they could use websites to buy likes, subscribers etc.
4. Same as above, and a simple airdrop where people are forced to join the telegram will highly increase the number of participants. See how active the channel is, not how many are there.
5. Savedroid team are known and yet they scammed everyone. Scammers no longer care about being known to the public anymore. If they make millions, they could simply vanish.
6. Agreed, exchanges usually do their homework, better than everyone else.
7. I wouldn't count on it. Once again, Savedroid is an example.

My point is, If you want to find a good bounty, just take a couple of hours to search about the team members, read the whitepaper etc. If you feel good about it and you found that what they are promising is achievable and you believe thoey could deliver, go for it otherwise just don't.

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November 11, 2018, 08:11:46 PM
 #3

The criteria I’m trying to preserve are mostly the project team and the fact that I’m trying to participate in projects that have already gathered soft caps
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November 11, 2018, 08:42:36 PM
 #4

Some of your options aren't reaaly needed. For example, in Telegram may be lots of bots. And KYC maybe fake. You need to open all social networks and learn about team.

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November 11, 2018, 11:20:50 PM
 #5

1. Most of them can be paid.
2. At least professional look.
3. Can't be sure with that but its a good criteria.
4. Most of the subs and followers there can be paid.
5. Yes for validation.
6. This is needed.
7. Hype has its ending.
8. Use case.

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Reatim
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November 11, 2018, 11:29:35 PM
 #6

Hey guys I have different criterias:
1) ICO rating site
2) Design of the site (if it is too primitive and not unique don’t even pay attention)
3) Social Networks and activity there.
4) Number of subscribers in telegram
5) Team must pass KYC test on ICO Bench
6) Huge partners. For example exchanges
7) Hype
What do you think is this enough, or you recommend to add something?

I guess the most important thing to factor in is that if they really bring something unique and its has real life usage. If any of those you mentioned has passed your criteria but the project is just a copy cat of a existing ICO then I'm sure that it will fail because it has nothing to offer whatsoever plus I'm sure that it has no real usage at all.

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sacskate
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November 11, 2018, 11:32:52 PM
 #7

Hey guys I have different criterias:
1) ICO rating site
2) Design of the site (if it is too primitive and not unique don’t even pay attention)
3) Social Networks and activity there.
4) Number of subscribers in telegram
5) Team must pass KYC test on ICO Bench
6) Huge partners. For example exchanges
7) Hype
What do you think is this enough, or you recommend to add something?
telegram not necessarily a good point as it may full of bots and airdrop seekers
partnerships is the greatest part
Karr98
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November 11, 2018, 11:45:32 PM
 #8

How about if we joined bounty when they get softcap reached and they have good whitepaper and the project is new idea at the blockchain and can be use at real life. And maybe we can have a look their bounty manager too and many higher ranked who join at the project
CoinCowgirl
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November 11, 2018, 11:55:18 PM
 #9

Who is behind it? Have they done it before? Do they have a good story?
Watch if there are legendary and hero members who go for it, if they are it could be a sign.
And if something looks to good to be true, it probably is!
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November 12, 2018, 06:44:25 AM
 #10

In the beginning, I look at the manager who he is, and his past. After I like the manager, I examine what the project wants to do in general. 'very profit,' 'will be rich', 'do not miss this opportunity' if they provide information in the style of the immediate away.

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cola-jere
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November 12, 2018, 06:48:24 AM
 #11

Hey guys I have different criterias:
1) ICO rating site
2) Design of the site (if it is too primitive and not unique don’t even pay attention)
3) Social Networks and activity there.
4) Number of subscribers in telegram
5) Team must pass KYC test on ICO Bench
6) Huge partners. For example exchanges
7) Hype
What do you think is this enough, or you recommend to add something?

Check also if the bounty manager is frequently managing the bounty sheet. That shows that the bounty manager is committed to the job.

I recall there's also a list of well known bounty managers that ensures that the bounty community will be paid and stops the bounty if he sees that the campaign will not pay bounty hunters.
fuer44
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November 12, 2018, 06:50:36 AM
 #12

Hey guys I have different criterias:
1) ICO rating site
2) Design of the site (if it is too primitive and not unique don’t even pay attention)
3) Social Networks and activity there.
4) Number of subscribers in telegram
5) Team must pass KYC test on ICO Bench
6) Huge partners. For example exchanges
7) Hype
What do you think is this enough, or you recommend to add something?
the number of participants participating in the bounty campaign is also included. and I don't agree with Kyc, because in some cases, the verification of Kyc is very difficult even though the documents are in accordance with what is required.

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Just John
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November 15, 2018, 05:53:31 PM
 #13

Hey guys I have different criterias:
1) ICO rating site
2) Design of the site (if it is too primitive and not unique don’t even pay attention)
3) Social Networks and activity there.
4) Number of subscribers in telegram
5) Team must pass KYC test on ICO Bench
6) Huge partners. For example exchanges
7) Hype
What do you think is this enough, or you recommend to add something?
All of these are perfect points to make sure that you choose the best ico. There is nothing better than having a list of things to look for when you are researching a new project because that is what tells you the kind of project that you are looking at. Also you want to look at the kind of applications that they are offering for the coin, that will tell you if the coin will last long or not

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November 15, 2018, 06:06:15 PM
 #14

Well, for this you need to analyze a lot of projects, and tokens and understand what they are, how much money the Fund offers for this, how much they collect, what team is behind the project and many other things,and analyzing all this, you can understand what will go
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November 15, 2018, 07:45:59 PM
 #15

I agree with the creator of the topic, now there are really a lot of fraudulent projects and it is very difficult to choose a good one. I have been investing in various projects for about a year and a half and I have formed requirements for them.
1. At preICO, the team must have a contract for automatic transfer of funds with prescribed conditions for early investors - not handles as many do, namely written in a smart contract - otherwise the funds raised may simply enrich the founders or conditions will change during the play - lots of cases.
2. A contract for preICO should be part of a large contract for ICO - not with different coins - it is not safe in terms of vulnerabilities and defrauding.
3. The contract for preICO and then ICO must have a lower and upper barrier - if the team does not have it, it does not know what it wants, just scam.
4. The contract for ICO must have escrow funds received as a result of the placement - this can be a frieze or multisig with the condition of voting. This will give you a guarantee against using up funds earlier than the team completed the previous stage.
5. The contract must be spelled out an unconditional refund in case of not reaching the lower limit of the pool. It is in the contract and not in the white paper if this is not the case - a scam.
6. All contracts must be posted on GithHub. This will allow third-party developers to check the contract for vulnerabilities if the team did not take care and before the ICO did not put a bounty on the vulnerabilities.
7. The contract must contain the conditions for the team and for the bounty.
8. The contract must specify the conditions for not sold tokens - with clearly defined terms.
9. The project must have partnership agreements with large corporations or foundations.
10. On the official website of the project should be specified contact information to team members. It is desirable accounts in social networks.
11. Someone of their team members should actively communicate in the official telegram channel of the project
Here are a few of my requirements. If you have something to add, then I will be very happy!
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November 15, 2018, 08:23:54 PM
 #16

I think you should stop checking quality of project behind bounty campaign on ICO listing site. If you wanna find out good bounty campaign, you should take a look at bounty pool, social media accounts of project behind it, dev team, roadmap,....check everything that you can or want to but don't waste your time with ICO listing sites.


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November 15, 2018, 08:36:03 PM
 #17

To check the legitimacy of the project you should take time to research the team behind the project. If they are real and not a fake team then it is legit.

To check for the probability of success i would take time to read the whitepaper to see if it is a unique project and it is feasible to achieve. If it is then i would participate in the bounty and invest as well.

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November 15, 2018, 08:40:31 PM
 #18

Hey guys I have different criterias:
1) ICO rating site
2) Design of the site (if it is too primitive and not unique don’t even pay attention)
3) Social Networks and activity there.
4) Number of subscribers in telegram
5) Team must pass KYC test on ICO Bench
6) Huge partners. For example exchanges
7) Hype
What do you think is this enough, or you recommend to add something?
i think tat ypu can try different things and listen to differnt peolel but you need a lot pf experience to do it successfully
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November 15, 2018, 08:41:14 PM
 #19

You have enough different criterias like social networks and activity there, ICO rating site and huge partners. You can add project activity or response Twitter and telegram.
you should he really attentige and really lucky not to mke nistakes so do not be afraid pf making them and you will ve fine
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November 15, 2018, 08:52:06 PM
 #20

I think that the choice of bounty company should be made on all the same parameters, how to choose the ICO in which you want to invest. The only difference is also the choice of the bounty Manager of the company, as proven managers are more preferable.

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