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ico bounty
Mary

The ICO Bounty Explained

The ICO Bounty program is becoming an essential element for blockchain start ups. This is especially true now that all crypto businesses must use alternative marketing techniques in the face of pervasive mainstream social media bans. Like everything else in the crypto industry, it pays to do your research before participating in a bounty. Whether you are an ICO preparing your launch and thinking about offering a bounty, or you’re an investor ready to dig in, here’s what you need to know.

What is an ICO Bounty?

In the simplest of terms, bounties create a way for ICO start-up projects to create buzz around their project. They do this by offering token rewards for the completion of social media or referral tasks. For example, an ICO’s bounty program might offer a certain amount of tokens, to be later airdropped. In return, participants must perform a number of tasks, such as tweets and retweets or joining and inviting friends to social media platforms. They may have to join an email list or comment on certain pages in a specific way.

A bounty helps ICO projects build up their social media following. Additionally, they are getting their tokens into the hands of many people pre-ico. It’s a good way to build excitement for the project because these token holders become engaged in the social media platforms of these ICOs. They are also now waiting for the token to go live on an exchange. So there is anticipation, which often translates into a greater buzz level.

ico bounty

Usually, a set schedule is made available, oftentimes on Reddit or Bitcointalk.org. You can also find the information on the ICO’s website. Many projects use Telegram to help manage the community that builds around the bounty and subsequent airdrop. First time bounty hunters often have a lot of questions about how to participate. Normally, Telegram is the standard place where they can go and get answers.

Should Investors Participate in a Bounty?

It’s similar to asking the question,  “Should I invest in this ICO?” Thus the answer is the same: do your research on the project. The ICO website makes the white paper readily available so you can read all about the project and make your own determinations. You can also find reporting and scoring on ICOs in places like Token Market and TruDex to help give you an idea of how industry experts view these projects.

One consideration to make is time. Some ICO Bounty programs require weekly tasks that may seem like a lot to handle. Look for ICOs whose bounty process is simple and easy to understand. You don’t need this turning out to be like a part time job. It may seem tedious, especially if you are involved with multiple bounties at once. If you involve yourself in high quality ICO projects, remember:  you are getting some free tokens for your engagement.

Helpful Hint:  Some bounties will offer a lot of tokens while other projects offer very few. This is relative to the quality of the project and the abilities of the team to follow through and make a success of it. So, closely study the prototypes, user case scenarios, as well as the team’s history of blockchain and tech project execution. Don’t be disappointed if one project offers only 10 tokens. It may well be that those 10 cryptocoins will be worth far more than the 1000 shitcoins you just shilled yourself for.

Can’t I Just Get Some Free Tokens?

Sometimes ICO companies will just do a quick airdrop to many wallets at once for those that signed up, without getting the social media tasks completed and without deep participant engagement. This is considered a straight airdrop and not a bounty program. Sunny Oseao, who is overseeing the Potentiam Bounty program which runs until April 23, 2018, had this to say:

I do not like airdrops, I think bounty programs are much better. People in cryptocurrency have literally become entitled and instead of companies trying to come up with a legitimate, genuine bounty program, they are looking for ways to make airdrops easier. That is why so many chats are filled with ‘when is my airdrop.’ I think it promotes ignorance for the most part. I would rather have 500 people who truly want to see something succeed than 10k waiting for free coins.

If you’re considering participating in a bounty, you can also check out this helpful video by Bitcoin for Beginners:

What Do I Do With My Bounty?

You will see in the Telegram chats for a project’s ICO Bounty and airdrop that many investors, usually the newest entrants to the cryptomarket, just want to cash in their tokens as soon as possible. But the best policy is to hodl. If you have been given free tokens, the value can only go up. If you’ve done your research and then fully participated in the bounty, you’ll have a much better idea of your token’s worth.

Some people are disappointed to learn they cannot trade their tokens as soon as they wished. An ICO that gradually allows tiered levels of token trades will have a better chance of lasting and growing. Other times, ICOs have promised tokens that cannot be exchanged for a seemingly endless amount of time (in crypto that’s a month). Still more will never make it to an exchange. So again, do your research and save your self some time. If you need helpful techniques for ICO research, we’ve got you covered. Simply download our free ebook over at Amazon.

ico research

Creative ICO Bounty Ideas for an Evolving Market

As our industry develops, ICO Bounty campaigns are also innovating and for the better. Rublix.io, for example, offers a multi-faceted ICO Bounty program including choices. In other words, you can choose from many options for what type of task you want to take on to receive your token rewards. Choices include posting a video, and creating content; even a bug bounty is available with an affiliate bounty under development. All this in addition to the traditional, social media follows, likes and shares.

Bounties allow ICOs to build up their social media followings and create buzz and excitement for their start-up projects.  They also give investors a chance to really get to know what they’re investing in. In the decentralized world, it’s a perfect match.

 

 

atomic swaps
Vyacheslav K

What are Atomic Swaps and How Do They Work?

The blockchain world does not cease to amaze us with its constant stream of technological innovations, which somehow simplify and improve the functionality of the entire industry. Today we get into the nitty gritty of one such innovation, called Atomic Swaps. (more…)

failed icos
Vyacheslav K

Researchers Say Failed ICOs Rate is 46% – Fact or Fiction?

At the end of February, Bitcoin.com published a report that triggered a violent reaction across the entire cryptocurrency world. The article stated that 46% of 902 blockchain projects that conducted tokensales in 2017 subsequently failed. Allegedly, 142 projects failed at the ICO stage. Another 276 projects suffered an unenviable fate; they either grabbed investors’ funds and did not produce the product, or simply disappeared. If this report is true, the rate of failed ICOs might scare off even the most dedicated crypto investors! (more…)

ico rating
Mary

TruDex: Not Your Typical ICO Rating Site

We are now seeing a multitude of ICO rating and listing sites enter the burgeoning ICO market. Some offer free listings and paid marketing services. Others create detailed reporting for investors or they might just list ICOs in an easy to navigate manner. Some even offer everything an ICO could ever dream of, for an arm and a leg of course!

Each one of these sites brings different things to the table. Here’s how TruDex sets itself apart.

Our Team

  • The research team at TruDex has been working together evaluating and analyzing ICOs for over seven months.
  • We are fully transparent entrepreneurs with visible social media accounts with authentic, verifiable profiles on our webpage and LinkedIn.
  • All of us at TruDex are here for the duration – not to make a quick buck and move to Puerto Rico. We want to make the absolute most of the opportunities made available by decentralization, for all involved.

We are a Selective ICO Rating Site

  • Every ICO we list must first pass a preselection process, which helps to weed out the scams and quickly thrown together projects.
  • Our team scours other listing sites like ICO Alert 🙂 to put them through our selection process and create a Select List of ICOs.

Our Pricing Structure is Lambo-Free

ico ratings and reviews

  • Fair market prices are offered to ICOs. No price gouging!
  • Flexible packaging and payments options. We strive to create a plan that works perfectly for your individual ICO.

Additionally, we are not JUST an ICO rating site. We offer a range of services to get ICOs off to a good start and to help them become a part of our collective, decentralized future. At TruDex, ICOs can choose from a number of offerings, including:

  • Complete Security Review – Includes code audits, website security and ERC20 protocol/smart contracts.
  • White Paper Consults – Our experienced researchers know what might be missing and can point out strengths and weaknesses.
  • Full ICO Review – This is where we look at every detail of your ICO and give actionable recommendations to help ensure a secure, successful ICO process.

ico rating system

When you put it all together, what you have is authentic people searching out and profiling the best ICOs out there. This is good for two reasons:

  1. ICOs can advertise that they made our preselection.
  2. Investors have a listing that eliminates the majority of the chaff.

We know the the ICO market is a bit on the wild side, to say the least. That’s why we feel it’s important to do our absolute best to highlight and empower the serious projects. For more information, please visit TruDex.io or sign up to get ICO news and notifications.

Vyacheslav K

Attention, Crypto Investors! The Most Prevalent Fraud Schemes with Cryptocurrencies and ICOs

Crypto-analysts and financiers may be waiting with trepidation for the crypto industry to stabilize. How will this stability be built and what will it mean for the world economy? As always, scammers have their fingers on the pulse. While mainstreet economics go head to head with decentralized global currencies, these crypto crooks find the time is ripe for scams on all ends. To protect ourselves from this ominous trap, let’s learn all about the most pervasive cryptocurrency fraud schemes of our times. (more…)

banks and cryptocurrency
Vyacheslav K
  • 12 Mar 18
  • Comments Off on Banks and Cryptocurrency: Is a Peaceful Coexistence Possible?

Banks and Cryptocurrency: Is a Peaceful Coexistence Possible?

We can see an acute confrontation brewing between traditional financial institutions and cryptocurrencies. The most influential world banks now emphasize the importance of blockchain technology. They remind of its capabilities but simultaneously criticize bitcoin for its volatility, anonymity, and high risks. A new battle called Bitcoin vs. Banks has already begun. (more…)

indahash ico
TruDex™
  • 9 Mar 18
  • Comments Off on What Happened to My ICO? Spotlight on IndaHash

What Happened to My ICO? Spotlight on IndaHash

Remember back in December, quite possibly the pinnacle of the ICO frenzy? The fourth quarter 2017 and a hyper-bullish Bitcoin created an exciting time to invest in ICOs and thousands of new enthusiasts joined the market. But how did they do with their ICO investments? Let’s take a look the indaHash ICO which ended in December and see how the start up and their token is holding up. (more…)

ico
TruDex™
  • 2 Mar 18
  • Comments Off on TruDex ICO of the Week – Giftcoin

TruDex ICO of the Week – Giftcoin

As our weekly featured ICO, Giftcoin is building the world’s first cryptocurrency for charitable giving and good causes. Their groundbreaking system is designed to revolutionize the way we make charitable contributions.

The Giftcoin ICO begins March 20th, 2018 and runs through April 19th.

Their vision is to create trust between donors and charitable organizations so that a confidence is built – when donating, you’ll know exactly where your funds are going. Donations can be followed as the charities reach their goals in helping others.

In this type of open charitable giving environment, donors may have increased confidence. This allows for more giving than ever before. Because now donors follow their money and see the progress being made in solving world problems through charity.

As the team at Giftcoin aptly put it:

“At a time in history of seemingly endless natural disasters, the refugee crises in the Middle East, and a greater divide between rich and poor than ever before, the need has never been greater for such a platform.”

Giftcoin ICO received high scores through a TruDex audit in the following areas:

  • Team Strength – Giftcoin has numerous experts in the field of charitable giving and non-profits, as well as ample experience in business start-ups.
  • Marketing – The project boasts a highly credentialed Head of Communications, Bridget Greenwood.  Plenty of good press and organic social media outreach is evident as well.
  • ICO Details – A one-year lock up for founders is in place to incentivize long-term team participation and increase investor confidence. Additionally, an escrow is set to help protect investors. The ICO itself is transparent and the desired funds are not bloated but in step with the project’s goals.

ico

Get the full Giftcoin scoring and report by TruDex here. To find out more about ICOs, what they are trying to accomplish and how well they are doing, visit us at TruDex.io.

ico
TruDex™
  • 2 Mar 18
  • Comments Off on Who’s Scamming Who? ICOs Face Rampant Price Gouging

Who’s Scamming Who? ICOs Face Rampant Price Gouging

Seasoned crypto heads may consider the current ICO marketplace to be a bit tame compared with a few months ago. As the rapid-fire line of bogus start ups begins to fade into the shitcoin cemeteries of the past, more established teams and projects are coming to the forefront. But now we are seeing a different kind of scam. The tables have turned and evolved scammers are migrating to ‘serve’ these new and improved ICO startups. (more…)