Bountie is the blockchain network which is in its way of creating a gaming ecosystem resolving the gamers, partners, and Bountie. The hardware companies have associated with this platform to so that they also can make a business of the system utilization. The gamers can purchase their goods online and offline using the gamers’ platform. Bountie is going to operate the system as sweepstakes to the tournaments enabling the gamers to win.
Thos works closely with the partners for gathering feedback to the products or games and generates in0house content throughout the system and the partners work closely to gather feedback for the products or games and build an in-house content across them to emphasizing the publicizing the targeted group of gamers. Having a highly effective platform, Bountie also faces risks with some potential factors relating to the purchase, sale and Bountie tokens.
Uninsured Losses
There are some risks which will incur through Bountie tokens by some uninsured or useless sources to obtain specific private insurance for a measurement protection. Such events may incur losses from the utility values without acting as a public insurer like Federal Deposit Insurance Corporation. This also privatizes the insurance arrangement by Bountie Technologies offering resources.
Uncertain Regulation
Some risks are associated with some uncertain regulation for the regulatory status at the current date of these documents. This will be in the distributed ledger technology for unclear or unsettled in view of some jurisdictions. It is difficult to predict the regulatory agencies regarding with an application to existing regulations in respect of technologies and its applications.
Such technology and application include the platform and tokens. It is difficult to predict if the legislatures or regulatory agencies can implement the changes of law and regulations with the effect to the distributed ledger technology with the application.
The regulatory actions may have some negative impacts on the platform and the tokens in purpose of illustration by the determination of purchase, sale, and delivery of tokens with a constituent of unlawful activity to the tokens with the regulated instrument by the requirement of registration or license to some instruments or some other parties with the involvement of purchasing, selling or in delivery process. The laws will be changed through the jurisdiction with some illegal operation to the jurisdiction company to cease the operation with respect to the regulatory actions.
Taxation
Some risks may arise through taxation process. It characterizes the tokens in a subject of debate. This makes the future status uncertain. The Bountie authority implores the tax advice by purchasing the tokens. Adverse of taxation has some consequences which may result in failure for unlimited withhold of income taxes for the requirements of reporting tax.
The proceeding will include the token sale for the money purchased and paid for the tokens making it taxable to the company. This may adversely affect the financial resources available to the company and the ability to achieve the business objective.
Competitive Platform
Risks also lie in the competing platforms within the realm of possibilities towards the alternative platforms for being established. This utilizes the open source of code and protocol underlying the platform with an attempt facilitating the services similar to the service.
The platform can also compete with some other alternatives. This may have some negative impacts on the platform and tokens include the utility of tokens obtaining the service.
Bountie platform is making difference from other blockchains by utilizing gaming sector in it with an aim to create future by enabling the gamers efficiency.
Website : http://bountie.io/
Whitepaper : http://bountie.io/docs/whitepaper.pdf
Twiiter : https://twitter.com/BountieGaming
Facebook : https://www.facebook.com/BountieGaming/
Telegram : https://t.me/bountietoken