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The crypto-world is becoming bigger and interesting as we speak. The industry experts are ever restless, launching new alt-coins almost every day. But this is not the only thing that is being done in this industry. Once you start following the news, you will see a lot of new terms and activities that quite frankly don’t make any sense to some people as well. One of these terms is ICO bounty program. You must be wondering, Wait, what is that?

If you had a chance to get familiar with some unorthodox marketing techniques in the past, then there is a good chance you can guess what ICO bounty is all about. And no, it doesn’t involve anyone becoming a pirate at any given point in time. Let’s see what ICO bounties are, and what role they play in an ICO campaign.

What is an ICO Bounty?

The Initial Coin Offering is an effort made by cryptocurrency startups to raise money for their project. Everything starts with the whitepaper, which translates into a business plan. The whitepaper usually contains:

• A detailed explanation of what the project is about.
• The reason why the project was started, and whether there’s a real need in the world for it.
• A financial plan, where the key point is how much money the startup needs to get things going.
• The precise number of newly created crypto tokens that the project creators will keep for themselves.
• Information on whether the startup will accept only cryptocurrencies or regular cash as well.
• The end date for the ICO campaign.

During the ICO campaign, a cryptocurrency startup’s main goal is to raise as much money as they can. On the other hand, investors are motivated to invest in it by the quality of the whitepaper, especially by the part where the real need for the cryptocurrency is explained, and the hope that the cryptocurrency’s price will spike after the plan launches.

The more people learn about the ICO, the better, simply because the number of potential investors rises. This is where the ICO bounty comes in. Some startups don’t have the money to hire PR and marketing firms to help them raise money. An ICO bounty is an efficient and cheap way to spread the word about the ICO by outsourcing marketing to regular people.

An ICO bounty can be something very simple, such as logo creation, a mention in the comments of a popular YouTube video, a full YouTube video, forum posts, content creation, and so on. Upon completing it, the startup rewards the bounty hunters with the brand new cryptocurrency.

What is an ICO Bounty Program?

The ICO bounty program is a specific marketing effort a startup decides to implement. The more detailed the ICO bounty program is, the greater the chances for the startup to reach success. ICO bounty programs help startups in two distinctive ways.

First, they help them spread the word of their ICO, and, secondly, bounty programs can help startups get the bugs out of their code by using high-end programmers which they cannot afford to have on their payroll.

An ICO bounty program may involve all sorts of activities ranging from signature and social media campaigns, to content creation and translation campaigns as well. Companies like ICO Bounty incorporates and offers multiple types of ICO bounty programs, both pre-ICO and post-ICO ones. All of this isn’t done in an erratic fashion. Over the years startups in the crypto world have learned a lot. Let’s see what types of ICO bounty programs there are.

The Framework and the Types

Before you decide which ICO bounty will work best for your startup, you have to get familiar with the ICO bounty framework as a whole.

The term pre-ICO bounty programs, as the name implies, refers to all the bounty efforts made before the ICO launch. Their primary purpose is to create the buzz and get your marketing ball rolling. The ultimate goal is to significantly increase awareness and get investors interested in your startup and upcoming ICO.

Pre-ICO bounty programs include the following activities:

• Social media campaigns – these bounties are designed to use the followers of the participants’ social media accounts to raise awareness of the ICO. It is important to distribute rewards depending on the engagement levels generated by the “bounty hunters”. The most popular social media platforms used in this instance are Twitter, Facebook, and YouTube.
• Content creation – many of the people interested in cryptocurrencies have blogs with large audiences. These bounties are designed to motivate them to write articles about your ICO on their popular blogs.
• Signature bounties – these are the most popular ones, as they are open to all the people at the Bitcointalk forum. Startups usually restrict these bounties only for people who have a Jr. Member rank or above on this forum.
• Post-ICO bounty programs are launched after the money for the ICO launch has been raised, to collect the feedback from the community so that improvements can be made. But, spreading the word to as many people as possible still remains the underlying goal of this effort. The most popular bounties for the post-ICO stage go as follows:
• Translation – documents like the whitepaper, the official cryptocurrency website, and the Bitcointalk ANN thread are translated into several world languages.
• Bug Hunting and Reporting – every cryptocurrency platform and software has bugs, especially when it is young. Bug reporting bounties are designed to motivate people to report the bugs as soon as they discover them.

Costs and Benefits

All the information so far clearly implies that the benefits of ICO bounty programs are huge. They offer unique opportunities for startups on a limited budget to spread the word about their ICO, get more people interested in investing in it, and make improvements to the platform after the ICO goes live.

When it comes to the costs, they are next to none. Some of the blockchain startups do hire bounty campaign managers, which significantly increases the costs of running a bounty campaign.

You can also consider getting listed on websites frequently visited by ICO bounty hunters to engage as many of them as possible. In any case, all the costs associated with these efforts are significantly lower than the costs of hiring a marketing or PR firm.

Famous ICO Bounty Programs

One of the most famous ICO bounty programs was launched by Rentberry. The idea was quite genius – they used Blockchain technology and smart contracts to enable people to enjoy an easier rental process, and their ICO bounty program is what made it possible for the project to start.

Another one is VRT World, a startup devoted to developing a decentralized global platform for all VR enthusiasts in the world.

People can take part in all sorts of VR activities and get exclusive access to the cutting-edge VR technologies on this platform. Their bounty fund is around 2% of all sold VR tokens. The majority of the bounty fund (30%) is reserved for the signature and avatar campaign bounty.

BitNautic also leveraged ICO bounty programs to incentivize the people to invest in their decentralized shipping and cargo platform. Around 5% of their total coin supply is reserved for bounty campaigns. More than half of their bounty budget is reserved for mainstream media, social media, and signature bounties.

Hopefully, the term ICO bounty is closer to you than before. As you can see the ICO bounties have a lot of marketing potential for startups on a limited budget. You can incorporate them into pre and post-ICO efforts to maximize their effectiveness.

Source: What is an ICO Bounty Program and How to Incorporate it into an ICO Campaign?

Our Aboriginal Law Group helps project developers navigate the regulatory process in securing approvals for major energy development projects, including consulting and negotiating with Aboriginal groups and other stakeholders. We draw on our top-tier, cross-departmental expertise in the energy, environmental, corporate commercial, regulatory, litigation and tax arenas in shepherding significant projects through to fruition. We structure and negotiate commercial agreements for projects involving aboriginal rights and interests, as well as debt and equity financing arrangements for projects on aboriginal lands or with aboriginal participation.

We understand the risks associated with Aboriginal issues in the context of significant energy development project approvals and work closely with our clients to devise an exposure management plan to identify and manage potential litigation and other issues both pre- and post-closing, including compensation, royalty, surface rights and land access issues. Our unparalleled experience with major development projects enables us to forecast outcomes with a high degree of accuracy.

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Mackenzie Valley Aboriginal Pipeline Group regarding the multi-billion dollar Mackenzie Valley Pipeline Project, in connection with the negotiation and structuring of commercial agreements including ownership agreements among various Aboriginal groups and various development, operating, shipping and financing agreements with Imperial Oil, ExxonMobil, ConocoPhillips, Shell and TransCanada Pipelines.

Melanie Aitken is the Managing Principal of Bennett Jones (US) LLP, which carries on the practice of Canadian law in Washington, DC, in association with Bennett Jones LLP. She is also co-chair of the competition and foreign investment practice of Bennett Jones. She specializes in global antitrust and competition law and litigation, based in Washington, DC, and working closely with colleagues in our Toronto and other offices.

Melanie most recently served as Canada’s Competition Commissioner, in charge of the Canadian Competition Bureau. She headed the Bureau from 2009 to 2012, having previously served in the Bureau as the Senior Deputy Commissioner leading merger review from 2006 to 2009.

While serving as Commissioner, Melanie led many high-profile civil and criminal matters and worked extensively with leaders of international antitrust authorities around the world on enforcement and policy cases, holding leadership roles in key international organizations, such as the Steering Committee of the International Competition Network. Melanie is credited with revitalizing the Bureau as an active enforcement agency. Most notably, she led the introduction of major amendments to Canada’s competition laws, introducing a US-style second request merger review process in Canada, and a new per se criminal cartel offence. While establishing an unprecedented successful litigation record for the Bureau, Melanie initiated a landmark case that liberalized the Canadian real estate industry by removing rules that prohibited unbundled services, brought cases forward in significant matters (including a challenge to Visa and MasterCard over card acceptance rules, and challenging a merger to monopoly on a major airline merger); during her tenure, the Bureau won the first court-ordered merger prohibition since the 1990s.

Melanie was a partner at Bennett Jones and another major Canadian firm before joining the Bureau in 2005. She has acted as counsel in the Supreme Court of Canada and, prior to the Bureau, had an active trial and appellate antitrust and commercial practice, representing major Canadian and US companies in significant matters, including as counsel for the merging parties in Superior Propane, Canada’s leading merger efficiencies case.

Melanie is a frequent speaker and commentator on competition issues, and has taught as an Adjunct Professor at Osgoode Hall and Queen's Law Schools. She is active in the ABA Antitrust Section leadership, and sits on the Advisory Boards of the Global Antitrust Institute (D.C.), the Board of the Canadian American Business Council (D.C.) and Schulich School of Business (Toronto, Canada). Melanie also serves as a non-governmental advisor to the International Competition Network, a network of the world's competition authorities fostering convergence to best practices in global antitrust enforcement.

Melanie has represented clients and has experience in a broad range of industries, including financial services, large retail, telecommunications, pharmaceutical, airlines, oil and gas, consumer products and organized sport.

Melanie's recent experience since returning to practice last year has included: counsel to Safeway Inc., in connection with the $5.8 billion sale of substantially all of its Canadian assets to Sobeys Inc.; counsel to Darling International Inc., in connection with its acquisition of the assets of Rothsay, a division of Maple Leaf Foods Inc., for approximately $645 million; and counsel to Energizer Holdings Inc., in connection with its US$185 million acquisition of Johnson & Johnson, Inc.'s Canadian feminine care products division.

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• Repsol S.A. in connection with the proposed $15.1 billion acquisition of Talisman Energy Inc.
• Competition advice to Norbord Inc. in connection with its merger with Ainsworth Lumber Co., Ltd., a transaction valued at $763 million.
• Competition advice to EnerCare Inc. in connection with its acquisition of Direct Energy's Ontario Home Services Business for $550 million.

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US Erwerbslosen Leistungsanträge sprang letzte Woche auf die höchste Stufe in sechs Monaten bietet die erste statistische Warnung, das der Schaden von der partiellen Eidgenössischen Shutdown zu kräuseln durch die Wirtschaft ab.

Während die Hälfte der Anstieg aus Kalifornien kamen, wie der Staat durchgearbeitet ein Rückstand, der nach einem Schalter in Computer systemen, eine weitere 15.000 reflektiert den Urlaub der nicht-Federal Arbeitnehmer gegen Arbeitgeber, die Regierungsgeschäfte zu verlieren, ein Arbeitsministerium-Sprecher erklärte, wie die Daten an die Presse veröffentlicht wurde. Anwendungen (INJCJC) für die Arbeitslosigkeit, die Versicherungsleistungen von 66.000 in der Woche Ende Okt. 5, 374.000, das beste seit Ende März stieg zeigte Figuren aus der Abteilung heute in Washington.

"Die wirtschaftlichen Kosten für ein Herunterfahren sind, desto mehr tritt das Herunterfahren, zu erhöhen", sagte Ryan Sweet, ein leitender Ökonom bei Moody's Analytics Inc. in West Chester (Pennsylvania) und die zweitbeste Ansprüche Forecaster in den letzten zwei Jahren, nach Daten von Bloomberg. "Wenn dies für die nächsten paar Wochen schleppt, der wirtschaftliche Schaden umso bedeutender werden."

Aktien-Sprung

Der Standard & Poor's 500 Index sprang um 2,2 Prozent auf 1,692.56 Ende in New York, die größte Rallye seit Januar. Die Obama-Administration unterstützt eine kurzfristige in an die Schulden-Grenze, die keine Versicherungsbedingungen angefügt, signalisieren Unterstützung für ein Haus republikanischen Plan hätte.

Sonstige Neuigkeiten zeigte heute der weltweit drittgrößte Volkswirtschaft Stärkung war. Befehle für die in Japan sprang im August auf den höchsten Stand seit 2008.

Letzte Woche Anstieg der Zahl der Arbeitslosen Forderungen war die größte seit der Zeit nach Superstorm Sandy im November. Die mittlere Prognose 47 Ökonomen Befragten projizierte, eine Steigerung um 311.000 aus der vorherigen Woche 308.000. Die Schätzungen reichten von Forderungen von 304.000 zu 340.000.

Unterschiedliche Auffassungen

Verbraucher runter denn jetzt den Stillstand in Washington lassen sind nicht sie, laut den Ergebnissen des pro Bloomberg Consumer Comfort Index. Die Maßnahme wurde etwas geändert, im Zeitraum Okt. 6 endete.

Während der Regierung Teilweise Herunterfahren Und die Aussicht Auf Einen Standard Kundgebung Weniger Optimistisch Über Wirtschaft Gemacht, Maßnahmen der Persönlichen Finanzen Und Das Kauf Klima Verbessert, der Heutige Bericht Zeigte.

"Upper-End Haushalte, die in der aktuellen Umgebung florieren, zuversichtlich, bleiben", sagte Joseph Brusuelas, ein leitender Ökonom bei Bloomberg LP in New York. Zur gleichen Zeit wenn der Regierung-Konflikt geht weiter, sagte es "wahrscheinlich eine Delle in Stimmung und Unternehmen Vertrauen der Verbraucher in den kommenden Wochen packt" er.

Daten verzögert

Während die Ansprüche-Daten weiterhin freigegeben werden, ist der Verfall des Mittel das Arbeitsministerium September Beschäftigungsbericht und andere Regierung Datenveröffentlichungen verzögert. Gehaltslisten wurden voraussichtlich um 180.000 im vergangenen Monat ansteigen, basierend auf den Median, die Prognose in einer Bloomberg-Umfrage von 169.000 im August. Erste Arbeitslose Forderungen spiegeln pro Entlassungen und normalerweise schwinden vor Jobwachstum beschleunigen kann.

"Ansprüche seit einiger Zeit verzerrt werden dürften", sagte Scott Brown, Chefökonom bei Raymond James & Associates Inc. in Saint Petersburg, Florida. "Private Firmen sind wieder verstärkt. Angesichts die Unsicherheit, dürften sie zu mieten."

Bundesrepublik Contractors

Lockheed Martin Corp. (LMT), der Oberen Bundes Auftragnehmer Hatte Geplant, 3.000 Menschen Urlaub, Obwohl es Reduziert Urlaubssperre von Über 20 Prozent Nach Das Pentagon Okt. 5 die Meisten Zivilen Mitarbeiter Geschickt, Sagte Startseite Beim Partiellen Eidgenössischen Herunterfahren Wird Gestellt Zurück Zur Arbeit. Der Lockheed-Mitarbeiter Noch Beurlaubt Wird Arbeiten Nur 300 Auf Militärische Programm.

Die Obama-Administration, Weltmarktführer und Ökonomen warnen, dass Verstöße gegen die Schuldenobergrenze katastrophale Folgen für die Wirtschaft hätte, die rund um den Globus welligkeit würde.

"Die Auswirkungen der Nichterfüllung die Rückzahlungsfähigkeit wären sofort spüren zu potenziell größeren Störungen an den Finanzmärkten, sowohl in den USA und im Ausland," International Monetary Fund-Chefökonom Olivier Blanchard, sagte bei einer Pressekonferenz erklärt diese Woche.