Post
Topic
Board Bounties (Altcoins)
Re: [Bounty][ICO] ChronoLogic - Proof-of-Time token on Ethereum
by
justmint
on 04/09/2017, 20:27:49 UTC
Week 4 stakes have been updated and you may now remove your signatures.

Sorry sir can you change my rank to full member.
Thanks.

Hello Bounty Manager,

My BTT forum Position:   Full Member to> Sr. Member
i updated chronologic signature code. Thnks

As both of you only changed forum rank after Week 4 had already started I am not upgrading your ranks.

I have some questions:

In bounty Thread over bitcointalk ( https://bitcointalk.org/index.php?topic=2065455.0 ) it says The ChronoLogic bounty will run until September 3rd, 23h59 UTC. The total bounty pool will be 0.8% of the total DAY tokens sold during the ICO.
Signature bounty: Payment: 80% of the total bounty pool.

So, Total DAY tokens reserved for signature bounty is 80% of 0.8% of total Day raised during ICO.

which gives: 0.0064*486693 = 3114.83 DAY tokens

Assuming that total signature stakes will be around 3600 , so each stake equals to : 0.8652 DAY tokens.

so if a member earns 200 stakes , so he will receive *173 DAY* tokens.

which is insane..

equals to 7.2 ETH

So doesnot it seems Chrono will be driven by Bounty Hunters??


*I would like to hear some official comments on this...*

0.8% is quite low on the normal scale of ICO bounty programs, still we had hoped to get 50-100 members signature members relatively early on but that never happened. The end result is that those who believed in the project early on are going to end up benefiting a lot, and as others have mentioned in previous posts a big payout is not unheard of.