ICO of the week: Bounty0x
Project name: Bounty0x
What’s it about: it’s a decentralized marketplace for bounty programs
Token time line sale: 15/12/2017 unlimited, till the hard cap target is reached
Project target: hard capitalization 1.5 mln $
About the project:
The platform has been developed for publishing and managing bounty programs. Bounty0x unites all bounty programs in one place in order to make it easy and simple for bounty hunters to seek projects and earn tokens. Bounty0x is aimed at bringing together the founders of the project, who will publish certain requirements for activities on their ICO platforms and the hunters, who are ready to participate in the ICO’s and perform tasks to earn tokens. Third parties, which are called the Bounty Sheriffs will play the role of bounty reviewers: they will verify campaigns and entrust token transactions.
Payments of the Bounty0x platform will be made with the use of smart contracts. The transactions will be made in the BNTY native tokens.
The platform will suggest users three types of bounties: the regular ones, the sheriff bounties with the reviewers involved in the process and the super bounties for specialized tasks.
Features of this ICO:
The alpha version of the project has already been launched and the users started testing it one month ago, at the time of the White paper creation is had over 750 K $ worth bounties on it.
By the beginning of 2018 the platform should start operating. It is expected that in one year the Bounty0x project will be working fully with all the options implemented in the platform.
There are low risks of investing in the ICO, there are a few competitors of the Bounty0x project on the market to date.
The platform has a strong target audience and that is all the startups that set up bounty campaigns and pay bounty managers up to 4 thousand $. Bounty0x founders promise to reduce the costs of bounties for almost 80%.
The team of the project is solid, even though it doesn’t super stars. Most of the members have previously been involved in District0x. The CEO of the project is Angelo Adam, he used to be Distrix0x community manager and is still working on a freelance basis in WeTrust. Pascal Thellmann is the CMO of the project, with strong experience is PR, he has been one of the most acclaimed contributors of Cointelegraph to date. CTO of Bounty0x is Deniz Dalkilic he worked in Thomson Reuters as a software engineer before getting the blokchain business. The advisory board includes Uwe Thellmann, Shahaf Bar-Geffen and Cathy Tao.