Manual about ICO. How to define a worthwhile project to earn bounty rewards.

If you are a keen fan of the cryptocurrency and have invested at least once in ICO projects, you probably have heard such a thing as a Bounty reward. In short - ICO (initial coin offering) in common crowdfunding to raise funds to launch a blockchain startup, in which those who donate loot (investors) receive a part of the stock from a start-up (in the form of branded coins or tokens). I focused on the word donate, because this investment sector is no guarantee return on investment in case of a crash a startup (kidka developers, failures or hacking blockchain network). Roughly speaking, funds are collected for development of the project that these same developers will spend within months or a few years. It just so happened that these same blockchain developers snickering bastards and bloodsuckers, which are often little 10-50-100 thousand dollars on various expenses. Give them 1-5-10-30 of millions of dollars. The team can be from 1-3 to 10-15 people or even more. On average, for many projects, 5-10 people. One way or another , but I remain unconvinced that the amount they wish to collect to start their projects immediately excessive even by the standards of Silicon Valley.

Assume all of the risks of investing

On ICO may present another govnokod (Scam - with the goal of easy money), and there may be serious high-tech platform. Nobody can know - "fly" start-up or fail after a week, a month, a year. To predict the success or failure of these start - UPS- a thankless task. In venture investing, like statistics of failed projects from 80% to 90%. About the same stats (or slightly worse) looms on the 2015-2016 years in cryptocurrency ICO. The concept of success is actually relative - in rare cases, a startup can bring a huge income multiple early investors and skilled traders, speculators, the first few months to be on everyone's lips and have great investment appeal. And after some time there will be something that will destroy financial sense to continue the development of the project developers, and investors to withdraw their money from the falling price of the asset. So lost The DAO from hacker theft lot of money this summer. It was the biggest crowdfunding campaign in the history of the planet, although Wikipedians have carefully removed this fact (the blockchain startups greatly hurting their eyes). In fact, the chances to invest successfully and profit on ICO is very small - need to carefully select projects to diversify (reallocate) the risks to understand when exactly you should get off the train and be prepared for the fact that the invested amount in $equivalent will never be able to return back.

As for Bounty awards?

Bounty - sometimes, it really can be a heavenly delight! Bounty is the ability to obtain notable bitcoins jackpot token or at the ICO, equivalent to a substantial amount of $ for certain advertising information without the need to invest their money. Popular types of bounty awards:

PR project - you are helping to promote the startup to it a known potential investors
Facebook.
Twitter.
The subscription campaign on the Bitcointalk forum.
Mail subscription by e-mail.
Translations of information about the ICO to other languages
Search bugs
Logo design, brochures and other information (sometimes competitively)
The development of mobile applications, wallets or other software add-ons
As you may have guessed, the great interest of riders with respect to the execution of those promotional tasks, which do not require great intellectual effort - to sign up for the social. network ICO project to make reposts and retweets, write comments on the forum. In most projects such a bounty of a penny (a few dollars for a routine task for many weeks or months), and in rare cases will be able to capitalize on only one of the subscription campaign in the presence of high grade user hundreds of dollars. It remains only to understand when and where efficient use of your time resource, to earn in this way. But if you read carefully the first part of the article, you will realize that guarantees no one here does not predict income is also difficult.

How to choose the right bounty campaign?

There are a number of aspects that you need to pay attention before you decide to spend your time doing bounty tasks. In other words - the proposed project must go through your "face control" on the assessment of financial attractiveness. In fact, you should understand how much money will ultimately be able to collect this or that project. Consider:

The reputation of the developers - if they are known on the forum Bitcointalk, previously taken for other blockchain startups and have a high-quality user response high grade, that is, all the chances of success. The presence of links to social. profiles of developers and enhance photos karma ICO. Video conferencing or webinars even better show contact developers and investors. An example of a successful startup VOICE (collected about 600 bitcoins).

Have already invested money into the project if the ICO started. Experience suggests that if the first 1-2 days of minor amounts (up to 50-100 thousand dollars), then there is nothing to catch. The total amount with high probability will be slightly higher, but the bounty hunter (want to catch a freebie) will receive a penny.

The number of participants in the bounty. If in a particular bounty on Twitter-Facebook-subscription involves more than 300-400 people, the situation will save only one thing - a very high amount of the total fees (over $ 1 million). The award will be divided in certain proportions according to the degree of reputation of the accounts, the count of subscribers or the size of the done routine. Or equally stupidly at the crowd, that's not cool.

The adequacy of the management of the promotional campaign. If you see that the forum people are unhappy with the campaign Manager (it ignores the request does not clarify important points bykuet, crooked maintains records of participants in the bounty), you might need to bypass the side project. Often this attitude is a signal to investors to skip this startup, as the same may be obtained with the "development" of the project. Adequate Manager 2016 is doing for each task, whether it's Twitter or subscribed to the Google form to fill out on a clear template provides a link to the results on participation, all quickly tracks and fills in the Google Docs table. Distribution of awards will execute any machine at the start of the network (as it was in Iconomi), or rather manually in the first 1-2 weeks with less technological knowledge.

The adequacy of the tasks. The easiest way to jump into projects where you need a subscription and a few random posts on FB-Twitter. A subscription - 20-30 reviews over the entire period. If you want to do a bunch of daily routine, and even in English to write comments, not the fact that you need such a headache.

Fixing the issue and finding out the current and final prices for each token. If you throw a bone in the form of a fixed amount in 1000 tokens (which sell for the ICO to 100 Satoshi) - do not take it from the master's table, pass by. The best crypto-ICO offer about 1-2% of the whole money issue on all the awards. This is a good indicator, it is worth to be leveled.

About all the nuances of this topic can not be so fast to say for one article, but the main message I gave to beginners. If you learn to "catch the wave" in this thread, then you'll die of hunger! About fraud cartoons (many accounts) I want to warn is successfully evaluated by the managers of the campaigns and most often by the users of the forum who don't want to lose his part of the award for quirky vasyanov. Multibody fall into the black list and they will sooner or later bring in other projects. Besides, if done efficiently and without makhlezhy, the results of your work and so happy.

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