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Bounty0x - Due diligence #20

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icochecker opened this Issue Dec 11, 2017 · 5 comments

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icochecker commented Dec 11, 2017

Bounty0x (STX)

Team

Advisors

Company

Bounty0x Ltd.

5th Floor Genesis Building
Genesis Close
Grand Cayman KY1-1106

Authorisation Code: B99855005245
Entity File Number: AD-327205

cert-validate

Github

Product

Smart contract

Vesting

  • 30% of tokens for founding team, vested over 18 month
  • 3% of tokens for advisors, vested over 6 month

vesting-chat

advisor-token

vesting-pie

@agentbutlr

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agentbutlr commented Dec 17, 2017

Why is there a warning label for this one. Just trying to understand the labelling system.

@icochecker

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icochecker commented Dec 18, 2017

Why is there a warning label for this one. Just trying to understand the labelling system.

@agentbutlr It does not meet icocheck.io requirements.

icocheck-checkmark
icocheck-fields

If one field has an "x mark", issue will have a "warning label".

icocheck-asterisk

Bounty0x team tokens vesting schedule is 18month. icocheck.io requires a min of 24 month.

@alexanderisora

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alexanderisora commented Jan 9, 2018

Hello.

What is "vesting" and "cliff" and what are the most common/best practices for making it?

Thanks.

@icochecker

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icochecker commented Jan 10, 2018

@alexanderisora
Vesting schedule = Token lock
Example team tokens locked for X years. Team can't sell all their tokens before X years.

  • This prevents Teams from dumping their tokens.
  • It's the incentive for them to work

1 year cliff. Means that tokens won't vest during the 1st year. If a team member leaves before the 1st year he gets nothing

If you have more questions you can also find us on Telegram https://t.me/checkico
🙂

@alexanderisora

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alexanderisora commented Jan 11, 2018

Thanks for the great explanation @icochecker 👍

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