What’s to come for Bounty0x

An analysis of the Bounty0x network, BNTY Token and our vision.

We want to thank again all community members for their early support. The feedback we received over the past weeks has helped us to become the leading bounty management platform in the blockchain space.

Bounty0x raised +3200 ETH from advisors, pre-sale contributors and crowdsale contributors. This is enough funding for Bounty0x to develop the BNTY staking mechanism, a fully functional bounty hunting network and countless external modules and integrations.

Bounty0x Network

The Bounty0x Alpha currently has +2,500 active Bounty Hunters that complete hundreds of tasks every week.

- External Bounties

As some may have noticed, Bounty0x recently started supporting “External Bounties”. These are bounties that are not hosted on our platform, but somewhere else.

External bounties help us to grow the platform at a faster pace than if we just supported “Internal Bounties”. Companies like Ethfinex have already posted their first “External Bounties”.

Posting an external bounty is currently free. As soon as the BNTY staking mechanism is active, Bounty Hosts will have to stake BNTY tokens before posting an external bounty. When an external bounty is marked as spam, staked tokens are lost.

- What’s coming next

We are currently completely redesigning the Alpha platform to match the look and feel of our homepage.

Along with massive UX improvements, Alpha 2.0 will also have:

Complete platform redesign to match look of homepage.

Integrated social media automation.

Enhanced Bounty Host dashboard with bounty campaign stats.

Automated reward distribution.

Bug fixes.

More

The Alpha 2.0 will be deployed on Feb 15, 2018. Some interesting partnerships should be confirmed before that.

BNTY Token

The Bounty0x network requires the BNTY Token to function. Bounty Hosts, Bounty Sheriffs and Bounty Hunters stake BNTY in order to interact with the platform. BNTY is lost everytime one of these users is not honest.

Staking mechanism v0.1 will go live in Q2 2018, together with the Beta platform.

In order to maximize network effects at Bounty0x, it is a high priority for us to generate as much liquidity as possible for the BNTY Token.

BNTY is currently tradable on Radar Relay, EtherDelta, KuCoin, IDEX, Bit-Z and Gate.io. More exchanges will be announced soon.

Our vision

Bounties are crucial for cryptocurrency adoption. Bounties help writing better software, creating more effective marketing and building stronger communities.

We recently crossed+$2mln worth of bounties on the Alpha platform and are working to continually increase this figure.

Everything we’re building is to accelerate cryptocurrency mass adoption and to educate the masses about Blockchain. We take our role very seriously and work on the Bounty0x network with great pride.

The whole Bounty0x team looks forward to a very exciting and busy 2018.

Thank you for your early support.

Learn more about Bounty0x

For more information about Bounty0x:

Join our Alpha by becoming a bounty hunter or a bounty host

Check out our white paper

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