What Is a Bounty of Cryptocurrency?

cryptocurrency bounty

If you are a cryptocurrency fan, but looking for easy ways to get rich on it, without investing in the development of startups and projects on blockchain, then you need to take part in the bounty campaign. You might already have many questions only after reading the first paragraph, but don’t be scared.

The Coin Shark will explain that bounty is not only a sweet coconut chocolate bar, but also a real way to win a jackpot.

Contents:
(please click the topic to scroll down to it)

  1. What is a bounty of cryptocurrency?
  2. What are tokens?
  3. How to make money on the bounty of a cryptocurrency?
  4. How much can I earn on bounty campaigns?
  5. How to choose a promising bounty of a cryptocurrency?
  6. Conclusion

1.What is a bounty of cryptocurrency?

Bounty campaign is the opportunity to earn a monetary reward for the performance of certain informational and advertising tasks aimed at promoting the ICO. Bounty participants do not need to invest anywhere and give their money to anyone. The tasks are trivial: they can be likes, reposts, comments on social networks, often on Facebook or Twitter, also subscribtion to email newsletters or activity on the forum Bitcointalk. The tasks include translations of texts into foreign languages, creating ideas for lending, software development and everything that concerns a particular project.

People who take part in bounty campaigns are called bountists. Participants are rewarded with cryptocurrency or tokens for completed tasks.

2. What are tokens?

If someone doesn’t know yet: tokens and cryptocurrencies are different concepts, so do not confuse them and remember how they differ from each other.

Cryptocurrency is only issued in a decentralized manner, but tokens can be decentralized or centralized. The value of the token depends on demand, supply and external asset. Moreover, tokens do not have their own blockchain. ICO projects often release their currency on the Ethereum blockchain. Now we can discuss what tokens are.

ICO projects and startups collect investments for the development of the idea by selling their own tokens, which are also used by users to purchase goods and services. The intra-platform currency, i.e., tokens, is divided into flows: these can be deductions for platform expansion, attraction of new users, for advisors and developers, and also for bounty programs.

3. How to make money on the bounty of a cryptocurrency?

The main purpose of the bounty is to maximize the spread of information about the ICO. To do this, all kinds of instruments are involved. The most common are the following:

  • creation of posts in social networks;
  • reposts;
  • comments in social networks and thematic forums;
  • subscriptions;
  • posting articles in blogs and news resources;
  • creation of video material;
  • distribution of video on Youtube and social networks;
  • development of applications on smartphones and PC software;
  • search and elimination of bugs;
  • newsletters;
  • development of corporate identity.

As a rule, the creators of ICO clearly describe the campaign requirements for bountists.

4. How much can I earn on bounty campaigns?

It’s impossible to answer exactly how much you can earn on bounty companies, because the amount of reward depends on a lot of things. The most important thing is not to make a mistake while choosing a bounty campaign, but we’ll talk about it later. The size of your reward depends on what budget was initially determined fot the bounty and the number of participants in the program.

There are two ways of rewarding for the completion of stages in the bounty campaign:

  • a percentage one – the program doesn’t have restrictions on the number of participants, which implies the dependence of the reward size on the number of participants. Naturally, the more bountists there are, the less the payment will be;
  • a fixed one – the program has a limited number of participants with a clear scope of work.

5. How to choose a promising bounty of a cryptocurrency?

Imagine, you found a project that conducts bounty programs. However, before you take action, make sure that the idea will bring you the amount of money corresponding to the work done. Undoubtedly, the huge plus of the ICO bounty is that you do not need to invest your money into anything. However, there is also a risk of not getting a reward.

This risk is justified by the fact that not every ICO is able to collect even the claimed minimum. Not to be left with an empty wallet and a lot of wasted time, we recommend that when choosing a bounty, you should pay attention to:

  • reputation and fame of the ICO;
  • working conditions with bountists;
  • formulation of tasks and the terms of payment;
  • amount of investment;
  • availability of MVP project;
  • road map;
  • guarantees.

Take your time and carefully check the information on the above points, so that after the work done, you won’t be left with nothing.

It is also recommended to look at the minimum and maximum declared amount of fees so that it is in reasonable measures. For example, you found an unknown project with a confusing idea, which is not very popular within the framework of modern realities. However, its creators have established a rabid range of fundraising. Do you think an unpromising product will be able to collect investments or not? And will you get paid for participating in the bounty? The answer is: no and once again no!

The question which bounties of 2018 are the most profitable is and will always stay open, as new blockchain projects with different conditions are launched almost on a daily basis.

6. Conclusion

Earnings on bounty can really become a paradise delight, if you responsibly approach the choice of ICO. You should definitely take your time to make sure the project is honest, rather than wasting time on free-of-charge promotion of scam.

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Binance Will Add Stablecoin USDC To Its Listing

Recently, one of the major crypto exchanges, Binance, has published a notice which says, Binance will open two new pairs for trading on November 17. Interestingly, those two pairs include a new-comer – USDC – stablecoin backed by Circle.

The trading pairs are USDC/BNB and USDC/BTC; the trading starts at 2018/11/17 03:00 AM (UTC). However, users are already able to deposit stablecoin in advance.

Moreover, Binance wrote there would be a “top-ranking auditing firm” to preserve the transparency of the stablecoin. Every month, the firm is bound to provide data of “the corresponding USDC and USD balances held/issued.

We want to remind you, such crypto exchanges as OKEx, Huobi, BitPay, Coinbase have already listed USDC stablecoin on their listings.

Dollar-Pegged Stablecoins Exceeded the Price Point of $1

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Cryptocurrency Prices Today, November 15: Cryptocurrencies Collapsed in Price

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency prices

According to the Coin360 online platform, Bitcoin (BTC) lost 10.76% over the past 24 hours. The price at the time of writing is $5643 per coin.

Almost all cryptocurrencies absolutely crashed in price:

Bitcoin Cash lost 13.28% over the past 24 hours and costs $447 per coin;

Ripple dropped by 8.94% and is $0.46 in price;

EOS fell by  11.7%, and its price is $4.66;

Litecoin lost 13.45%, and its cost is $42;

Cardano decreased by 14.13%, and its value is $0.061;

Stellar lost 8.24% and is worth $0.23;

IOTA became cheaper by 16.64%, and its cost is $0.48;

Dash dropped by 12.34%, and its price is $142;

Monero decreased by 13.95% and costs $90.

Over the past day, Ethereum lost 12.76%. The cost of the coin is $179.

The total market capitalization dropped significantly to $185 billion. Bitcoin accounts for 53% of the total. In monetary terms, the amount dropped to $98 billion.

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Bank of America Has Officially Patented A System for Saving Crypto Actives for Significant Corporations

One of the major USA banks has been approved the patent for a system of saving crypto assets. The application for the patent describes a method for safekeeping cryptocurrency assets of users of the system. It also stated that the bank will cooperate only with major corporations.

The popularity of using cryptocurrency has turned into a trend that many companies are aiming at. The biggest part of major corporations serves their clients with the help of cryptocurrency. Because of this, there is a need to convert the cryptocurrency into any currency deposit, which has to be placed in a storage.

It is possible to improve the security and safety of deposit funds with the help of single corporate accounts that maintain the cryptocurrency storage.

At the same time, the clients will receive credit funds, the amount of which is equal to the crypto deposit. This concept was introduced by Bank of America.

The patent spelled out a storage system specially designed for the banking system, which processes and stores the secret key. The system is demanding to high throughput of a channel and the amount of calculation capacities.

When required to complete a transaction, the system will provide customers with access to Member’s personal account.

It should be reminded, that previously Bank of America approved the patent for close system private keys, that supports remote management.  

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Crypto Master Minds That Made It Into Forbes’s 30 Under 30

One of the most famous editions in the world, Forbes, came out with its annual rating of the most influential people under the age of 30 in different spheres of activity, including healthcare, music, art, retails and many others. This time the section of “finance” was replenished with a couple of blockchain and crypto personalities, namely:

1. JB Rubinovitz (26) is a crypto entrepreneur whose goal is to incorporate crypto mining as a way to provide bails for arrested people.

2. Olaoluwa Osuntokun (25) is one of the founders and a Chief Technical Officer of the company Lightning Labs. He raised $2.5 million to develop Bitcoin as a fully usable means of payment.

3. Hunter Horsley (28) is a CEO of the company Bitwise Asset Management. His firm specializes in creating crypto indexes.

4. Nader Al-Naji (26) and his company Intangible Labs are currently working on a concept of a cryptocurrency that could easily replace the usual banks.

We remind you:

Forbes Launches Its Own Version of the CoinMarketCap

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Cryptocurrency Prices Today, November 14: Cryptocurrencies Continue to Decline in Price

crypto prices

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency prices

According to the Coin360 online platform, Bitcoin (BTC) lost 0.16% over the past 24 hours. The price at the time of writing is $6356 per coin.

Almost all cryptocurrencies are in the red zone:

Bitcoin Cash lost 0.66% over the past 24 hours and costs $502 per coin;

Ripple fell by 2.29% and is $0.51 in price;

EOS minus 2.40%, and its rate is $5.30;

Litecoin decreased by 0.95%, and its price is $49;

Cardano dropped by 3.02%, and its cost is $0.072;

Stellar lost 4.23% and costs $0.25;

IOTA added 0.37%, and its value is $0.48;

Dash plus 0.15%, and its price is $164;

Monero lost 0.99% and costs $106.

Ethereum lost 1.03% over the past day. The cost of the coin is $206.

The total market capitalization is $209 billion. Bitcoin accounts for 52.8% of the total. In monetary terms, this is $110 billion.

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The Real Estate Market Switches to Blockchain

The power of countries depends on the economy, which real estate market is a significant segment of. More than 50% of global finance belongs to it. An impressive share, isn’t it? This market segment is most adapted to reforms and crises.

However, this does not mean that it cannot be slightly improved by innovations, such as the blockchain. Technological upgrade will allow the real estate market, as well as the economy in particular, to move to a new stage of development.

While the real estate market is “collecting its belongings” and is preparing for a full-fledged move to the blockchain, a Japanese company has launched the sale of real estate for cryptocurrency. A couple of Bitcoins can buy you a paradise on an island somewhere in the Caribbean. The world of real estate is gradually becoming digital.

Definitely, the “relocation” of the housing market onto the blockchain will have a positive impact on its development. This promising combo will improve and facilitate the purchase of real estate as follows. It will allow to:

  • exclude intermediaries who charge a commission in the course of transactions;
  • reduce the time for the preparation of transactions and references;
  • reduce the risk of fraud;
  • simplify the process of checking property before selling:
  • customers can buy property at any time of the day;
  • opportunity to track the entire history of the transaction.

All this makes the purchase of real estate easier and safer, but not publicly available. The latter and the above mentioned benefits can be offered by Elements Estates.

The project provides an opportunity to buy housing not only to reserved players. Owing to blockchain technology the national boundaries are disappearing as assets can freely move from one country to another.

It is time to improve the global economy by reinforcing the real estate market with blockchain and cryptocurrency.

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