Regulatory System of Bountie

in blockchain •  6 years ago 

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Bountie is the blockchain platform for the gamers across Asia. It gives the gamers the flexibility to earn tokens by playing their favorite games. Players can earn their living by participating in online tournaments using the rewards to purchase the gaming products. The latest technology of blockchain has increased transparency where Bountie can reduce the chances of any sort of fraudulent activity.

The decentralized platform generates an exclusive gamer profile by ranking, stats, and earnings. This avails the high data frequency for integrity and accuracy for viewing publicly. It hosts many tournaments which are the key features of the product and Bountie ensures bracketing and seeding of support for popular tournaments.

Lack of Governance Rights

Sometimes Bountie faces risks related to the lack of governance rights. The decisions are involved with the products of the company and services within the platform or the company itself. This has been made by the company with its sole discretion and the tokens confer no governance rights of every kind with the respect to the platform or the company. Such decisions included the reserving rights but have no limit to the decisions of discontinuation.

The products or services in the platform can sell or liquidate the company if needed. Few decisions may have some effect on the platform, utility obtaining services and the utility to the tokens owned by the users.

Regulatory Risks

The company works through the extension to the platform of the subject with a variety of federal state and international laws and regulations.

This includes the respect of privacy and data protection, consumer protection, data security and others. The laws and regulations are the interpretation of application and if necessary, it can be changed and new laws and regulation can be implemented so that the platform remains enacted by the effects.

It also has impacts on the utility of the tokens in the platform participating subjects to the industry with specific laws and regulations with the requirements of licensing.

If any of these steps backfires, then the platform will comply with the licensing requirements or other applicable laws or regulation to such license requirements. This will eventually become more stringent or expanded. This also impacts the platform and the tokens with the utility tokens to obtain the service.

Changes of Law

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Changes of law may incur the regulations for the governing the operations of the Company with its adverse effect to the business. The change in tax status of the company or taxation legislation in the United States may also affect the valuation of the financial holdings. The business and the company’s ability are achieving the business objective by the consultancy of prospective purchasers.

The prospective purchasers will feel the urge for consulting the tax advisers in respect of particular tax situation with some tax effects to the purchase of tokens from the company.

To make the system legit in every sphere, it has made a partnership with many hardware companies for gearing up the system. To be a leading gaming brand, it is becoming the most trusted name in gaming. The partner's companies and standing with their principles persuading the excellence and technical innovations.

The company is continuing the rise of technology and entertainment bar to accomplish a great deal of pioneering the work into the industry. Such partnerships will bring the light to some powerful gaming computers and laptops along with some exciting products that will encourage the gamers for being more into the platform.

Website : http://bountie.io/
Whitepaper : http://bountie.io/docs/whitepaper.pdf
Twiiter : https://twitter.com/BountieGaming
Facebook : https://www.facebook.com/BountieGaming/
Telegram : https://t.me/bountietoken

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