XEM BM - XEM BOUNTY MANAGEMENT
Goals:
- To increase the everyday usage of NEM in cryptocurrency communities and beyond
- To introduce new people, mostly active social media users and influencers to the cryptocurrency world. Firstly they will be introduced to NEM
- To make bounty management process easier and more efficient
- To make it easier for people to earn with their creative work, social media activities.
Idea of Project:
Getting involved in cryptocurrency blockchain world is very interesting and easy. Bounty campaign give good opportunity for people all around the world to follow, interact with the projects they like and earn some tokens (cryptocurrencies) for their contribution. However still there is no ideal way to handle bounty campaign. Moreover when there are so many ICOs going on it’s easy to get lost. There is necessity for a New Bounty service, which can later be extended to the biggest marketplace of creative labor, social media, advertising, etc.
XEM.BM Project’s Idea:
To make 1-stop place for the ICOs and New Crypto-related Projects which need additional voice, additional advertisement, and 1-stop place for crypto-community (bounty hunters, and different people who have some extra time for social media engagement)
The Platform XEM.BM should include the list of major social media and blogging platforms, possibility to submit articles for reviews and other creative bounties, signature campaigns management tool, translation bounty and many other useful tools and options.
Competition:
Similar sites exist, for example https://theviralexchange.com/ which I took as example while speaking with developers.
But it is not popular now, it lacks promotion, it gives very small payment and has only 3 social media (Facebook, Twitter, Youtube)
Therefore I think it is right time to start this service.
NEM Economy inside XEM.BM
The users will earn XEM by performing social media and other tasks. The advertisers will deposit XEM and can setup prices for each task. The system will take 1% fee from the deposit from the advertisers’ side.
If the advertisers are ICO managers, they can have option to pay with their tokens.
Special appeal will be for ICO projects to move into NEM, then the fees can be lifted and they will be able to get Premium service (when the Premium option might be developed)
Development assumption:
NEM’s development bounty is up to $10,000
This is the amount which I would request for this project. The initial development cost might be lower than $5000, but it’s better to have bigger budget to be available to add more features and the remaining part will be spent for project marketing.
Also this project can fit into “Go To Market Bounty”, and if it wins into this category, this amount I will reinvest into further development, marketing.
I think this project will both promote NEM and will create the best marketplace for ICOs, bounty managers and crypto-enthusiasts, with appeal to new people to join blockchain world!