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416.5 Karma

Review on Bounty0x by Danh Huỳnh Ngọc Công

Revainrating 4 out of 5

Bounty0x is a high-quality bounty platform

Bounty0x is a project that helps blockchain startups to introduce their product to the public. The exchange has a good reputation and is doing a very good jobs. It is beneficial to the companies, the bounty hunters, and the whole blockchain industry. However, the role for BNTY token is still very minor and does not affect the business of this platform at all. Participating on this platform is good but getting profits from the token is another story. I love it actually



Pros
  • - Bounty0x works efficiently as a marketing agency that help startups in the blockchain industry can reach the attention of the pubic by the means of social network platforms. There are many successful projects that were hosted on Bounty0x, bringing million dollars to allocate for the developments of the products. This also contributes to the reputation of a new industry like blockchain
  • - Bounty0x has given jobs to many workers around the world, letting them doing the simple marketing tasks and pay them over 5 million dollars up until now. This can be seen as one of the most trusted freelancer community website right now
  • - All hosts who conduct their bounties on the platform must be verified so there is a very slight chance that bounty hunters will be abused or scammed
  • - Information about the bounties are given very obviously and very easy to follow. They always try to improve the way they write the explanation for the bounties so the bounty hunters can understand the conditions and avoid mistakes
  • - Rewards are usually paid very punctual and with right amount. The amount is stated fairly according to the contribution of the hunters
  • - If there is any problems with the platform (mostly about the rewards), users can always appeal via email or Telegram group chat. The admins are helpful and friendly
  • - There website is very well-designed and very easy to find any important things
Cons
  • - The economics behind BNTY token is not effiecient enough so there is no strong incentivization for people to hold BNTY. Also, the price of BNTY is affected very significantly
  • - Its biggest competitor, Bitcointalk, is still the main source of cryptocurrency bounties. Besides, there are also some other projects who is similar to Bounty0x.
  • - The volume of BNTY on exchanges is very low so trading this token is likely to be not liquid