At this stage in the game I think we have all at least heard of the concept of bounty hunting to earn Cryptocurrency. I have just began dipping my toes in the water, so to speak, when it comes to this passive means of earning Crypto.
The idea behind Bounty hunting is for users like yourself or I completing tasks that require varying amounts of effort from the user in exchange for a set amount of Cryptocurrency. One of the most popular sites to complete these tasks on is:
My Bounty0x Username:
Kaybaybay
The upside about using Bounty0x is that users can sign up to be a hunter (user accepts jobs and is awarded per quality of the job in the promised token) or a Sheriff (user looks over the work of the hunters and approves or disproves the work based off the guidelines provided. As long as the Sheriff is correct in their ruling they are awarded the same token that is promised to the Hunter on the job).
The difference between becoming a hunter and becoming a Sheriff has little to do with the process of signing up and everything to do with BNTY tokens. These tokens are used to insure the Sheriff is doing good work and actually reviewing the work of the hunters adequately. For each job that is accepted the Sheriff must stake BNTY that will be lost if it is proven that their determination was incorrect. In short the primary difference between a Sheriff and a hunter is that Sheriffs must purchase BNTY tokens to stake in order to accept assignments to review. A user must also sign up for each diffeent role with different email addresses.
So lets cut to the chase here, the point of this post (and me giving that long description of Bounty hunting) For tis because one of the Bounty hunts that I accepted was to write a post on a platform (Publish0x being an option!) regarding a site called:
For those that are not familiar with the "Chains" platform I am here to explain what amenities the platform offers and how it functions on the Blockchain for its users.
Everything there is to know about CHA:
Chains operates using its native utility token CHA, and is sold via the Chains Launchpad, at the most discounted rates, and can be purchased with BTC, ETH, and USDT/UDSC. The purchase of CHA is available to all US citizens that apply via the website and solidify that they are an accredited investor. At which point the user will be able to participate in the token sale as long as the user wishes to purchase at least $50 dollars worth of the token. After the transaction is complete the user can expect to see their newly purchased tokens on the launchpad, the completion of the transaction typically takes around two hours, the time it takes to complete the transaction contingent upon the method the user used to pay for the tokens.
Current value:
1 CHA=0.0178
Available CHA tokens:
16,092,267
Amount of CHA sold:
37,907,733
Upcoming CHA Prices:
1 CHA = $ 0.0205
1 CHA = $ 0.0229
1 CHA = $ 0.025
1 CHA = $ 0.027
1 CHA = $ 0.0288
1 CHA = $ 0.0305
Amount of CHA left at current price: CHA 16,041,719
Next Price point after the above number of CHA sells out is $0.0205
Will CHA be burned?:
The burning of Cryptocurrency tokens is an act that is widely practiced within the Crypt o-market via the creator of the token being burned and is a very efficient and renowned way of increasing the value of the token in question. The act of burning a token is merely removing a set amount of the token (in this case the token is CHA) which in turn increases the over all value of the token. It is very easy to understand: remove tokens from circulation, thus making the token more rare and increasing the value due to the fact that their is less of the Token available to purchase.
The process of burning tokens is a very simple and permanent process. When a token is set to be burned a fixated amount of the token are transferred to what is considered to be a dead wallet. The private key to the dead wallet is unknown therefore the token is removed from circulation permanently.
The answer to whether or not CHA tokens will be burned is yes! Tokens will be burned contingent upon the tokens current value and utility. Users can view the White paper for an official burn schedule. The official White Paper can be easily downloaded straight from the chains website.
Vesting Mechanism:
Chains utilizes a vesting mechanism to maximize utility and insure proper staking rights. Vesting is the act of a creator holding and then releasing a token from an Initial Coin Offering (ICO). Once the lockup period is completed stakeholders will receive the tokens that have been vested. The way the vesting mechanism works within the Chains platform is 12.5 percent of the vested tokens unlock each month and can then be traded in external wallets. Users will find that vesting may be accelerated via increased usage of the token. IE: For every CHA that is paid out another 2 CHA become fully accessible. Any tokens that are not utilized will be automatically unlocked after a span of eight months, in monthly lump sums.
Earned Income Credit Program:
Chains offers a unique Earned Income Credit Program (EIC) that offers relief to entrepreneurs and freelance workers that are experiencing financial hurdles. The program operates by pushing a portion of all money earned via fees into what is known as the "Salary Pool", offering short term financial stress relief from setbacks including loss of clients or fall backs that are financially supported via the Salary Pool.
CHA Price Structure:
Starting Price Point Per 1 CHA: 0.0104
CHA sales are split into tranches of 100, users can expect to see a price increase for every 18 million tokens that are sold.
Start Date: 7/27/2022
Whitelist Status: Not Whitelisted
-Definition: A list of allowed or trusted individuals, computer programs, or cryptocurrency addresses in relation to a service or event.
Token Sale Hard Cap: 120,000,000
Token Sale Soft Cap: 6,000,000
Presale start date: June 29,2022
Presale end date: July 26,2022
Token type: Utility token
Chains VIP status:
The more CHA a participant has on their Chains account determines where the user stands in the Chains VIP program. The more CHA tokens that the user has the higher tier they are in the program. The incentive to make it to higher tiers in the VIP program is the user earns higher commission and pays lower fees than those that have a lower status. The VIP program is explained on the website broken down into fifteen different tiers. See below for an example of how the tiers are organized and what is offered to the user:
The first tier of the VIP program:
CHA Locked: $100
Global Fee Discount: 0.1%
User Tier Referral Bonus: Wood 0%
The final (and highest tier) of the VIP program:
CHA Locked: $10,000,000
Global Fee Discount: 80%
User Tier Referral Bonus: Omega 80%
The Chains Launchpad:
Chains.com offers "The Launchpad" on their website, which is the star of the show, on the Chains website. The launchpad is a place for creators to have a platform to spread there creative wings and for early adopters to support new creations. The chains launchpad is considered a cross-chain or multi-chain based crowdfunded platforms geared specifically towards early Crypto ideas that amalgamate the use of at least two blockchains but generally aiming to inflate crowdfunding to contributors spanning various amounts of blockchains. Any creators that wish to use the Launchpad to outsource there new creations Chains will be accepting new formations from Creators soon so keep checking their website for a date that they will be accepting new creations.
What is Crowdfunding?
The act of raising money to fund a project by way of raising lesser amounts of money spanning a large scale of people that are found via the internet.
The Prism Platform:
The Prism Platform is an amenity available to users to do a queries search to stay up to date regarding the value of selected cryptocurrencies, fiat currencies and stocks. The best part is you control what you see by selecting your commodity of choice and then the value is then provided in your preferred asset. IE: Gold, Litecoin ect. Users are allowed three free queries a day under the general membership and an unlimited amount with the Premium plan. Users can upgrade their account by paying a fee or by reaching a certain amount of CHA holdings, at which time the users account will be automatically upgraded to Premium.
Chains seems to have really brought there A-game in the creation of not only their website and launchpad but also their utility token CHA. It seems as though the token is worth investing in and the vesting mechanism used to allocate the tokens to maximize utility was a great idea. I think the launchpad is a great possible plan for creators that wish to get an early following of believers and investors. Launchpads seem to be paving the way for the digital Crypto currency future, but who knows there seems to be something new launching every six months that attracts a ton of attention until the next hot thing launches and steals the limelight. Hopefully the launchpad concept and Chains alike is here to stay :)
This is a sponsored article written for a bounty reward.
