Are you looking for the best investments right now? There are ICOs going on all the time, so it’s necessary to be aware of the best opportunities for investment. Because of this, it is our mission here at the blog to review the best (and worst) ICOs for you.
Today, we are going to talk about Bounty0x, an interesting new ICO that will be happening pretty soon. Read on to learn more about the project.
What Is Bounty0x?
Bounty0x is a decentralized bounty hunting platform, but what does that mean? Basically, bounty hunting is like a freelance job board, if you describe it in the most simple way possible, although the contracts are even looser than normal freelance job.
In a bounty hunting platform, you will be rewarded for small tasks, generally in the context of development, online marketing or consulting. Those small tasks are made by the freelancers and then they receive their money when the company receives the service.
The bounties can be very varied. They can go from writing simple to harder articles, posts in social media, translations and creation of video content. Users will spend tokens to post bounties or to apply for them.
How Does Bounty0x Work?
The company works with 3 kinds of people on it: Bounty Hosts, Bounty Hunters, and Bounty Sheriffs. Each one of them has a specific function in the environment.
The Bounty Hosts are the companies that seek freelancers to do tasks for them. They register in the platform and hire freelancers to do the work.
The Bounty Hunters are the freelancers. They choose their tasks and complete them to get paid.
Finally, we have the Bounty Sheriffs. The sheriffs are like moderators. They pay with tokens for this task and then are allowed to review the work of the Bounty Hunters. After they review it, they receive a fraction of the Bounty.
All the work will be paid in a decentralized way by using smart contracts, so you can be sure that you will be paid.
How To Invest In Bounty0x?
To invest in Bounty0x, you have to buy their tokens, BNTY, at the ICO. The pre-ICO is going to start soon, on November 20 is it’s going until December 3. If you buy during the pre-ICO, you get 20% discount. BNTYs will be sold for $0.032 USD.
If you wait to buy during the main sale, there will be no discounts. The ICO will be happening from January 10 to February 10. During this sale, the price is $0.040 USD per token. All remaining token will be burned after the ICO.
Bounty0x may even seem like a freelance job board, but has the potential for fast transactions and the building of a solid economy with their tokens inside their own system. Because of this, it seems like Bounty0x can be a decent company to invest in.
Only time will tell if this company will be really successful, but it has everything that it needs to achieve a level of sustainability necessary to survive for enough time to generate profits.