All about bounty payments and its effect to the project - page 18.

St4yInTh3D4rk

sr. member

Activity: 686

Merit: 264

"STAY IN THE DARK"

Quote from: ziac on November 16, 2018, 01:59:43 PM

I was once an investor had few gains to some ICO/crowdsale but made many losses so I decided to stop participating in ICO instead I do bounties and buy it thru exchanges from bounty hunters dumping it.

I know for a fact that most of you know this situation and are guilty of it, price tends to tank due to bounty hunters selling their share of tokens for cheap. I think its better to pay hunters in eth or other alts rather than risking the price of their token or coin in that way they could also help their investors and boost confidence to their future and their project. Well for me a falling price is a mark of a failing project "ICO's"

In my view the bounty hunters selling won't affect the prices much because their allocation is very small from the total creation so even if all the bounty rewards sold immediately on exchanges it could result upto 5% or less on the prices and the remaining were caused by the short term investors.

vintages

full member

Activity: 966

Merit: 153

Quote from: reza7777 on March 07, 2019, 07:39:35 PM

not all bounty hunters will sell at very cheap prices, if indeed the project has a very good concept, surely there will be many traders who try to maintain prices by buying orders, the tokens for bounty hunters are only 1-2% so they don't affect prices on market

"They don't affect the price of the coin"? Oh yes they do. Don't over estimate the power of that 1%-2% of those tokens allocated to bounty hunters.
This is the main reason why many developers lock the coins for a certain time to prevent it from going so down to a point of not recovering.
I'm not saying that bounty hunters are 100% the cause of dumping some ICO when listed but they some how contributed to it.

ronwewee

copper member

Activity: 112

Merit: 1

Quote from: ziac on November 16, 2018, 01:59:43 PM

I was once an investor had few gains to some ICO/crowdsale but made many losses so I decided to stop participating in ICO instead I do bounties and buy it thru exchanges from bounty hunters dumping it.

I know for a fact that most of you know this situation and are guilty of it, price tends to tank due to bounty hunters selling their share of tokens for cheap. I think its better to pay hunters in eth or other alts rather than risking the price of their token or coin in that way they could also help their investors and boost confidence to their future and their project. Well for me a falling price is a mark of a failing project "ICO's"

They say the market of a particular cryptocurrency is falling after the end of the ICO, they say that the bounty hunters are dumping the coins, but no doubt that is true, if we really want the price to increase, we should be patient and be mindful about long term thinking.

Gaggy185

full member

Activity: 437

Merit: 100

Adoption Blockchain e-Commerce to World

I also did the same like you

. I lost a lot of cryptocurrencies by investing in ICO projects so I stopped investing in ICO but turning into bounty campaign and buying with low price and the result is that I lost 0.5 BTC. LOL. Sometime it's still better if you buy token/coin directly from ICO crowdsale.

HatakeKakashi

hero member

Activity: 1274

Merit: 513

We cannot sure that you startegy is sure because for me the best startegy is to buy more coins or tokens to rise the value of it and not to decrease. Because maybe once you buy the token from the bounty hunters how about the hunter the altcoins or ethereum they got maybe they sell also so it is same also so it cause dumping price so better even the bounty hunters not sell their coins they have but sell in the right time.

crenfrosck

member

Activity: 470

Merit: 12

This really varies from project to project. I have experienced a team which have not granted an access to bounty hunter´s coins after half a year because "they would dump them" when the price was 99% down. Like: "would you sell an asset you have earned for a tiny profit from what you have expected?" That is just completely wrong. ICO gold rush is over, but I have noticed a rising trend of way more legitimate projects entering the market. The bloodbath flushed out weaker projects and they are not in a shade of "MAGICAL ROI 1000% MOON GUARANTEED" type of "companies." I do not consider myself as an optimist person, but I have to admit that the crypto space have an immense potential. And I would like to be a part of it- as an investor and bounty hunter as well

.

reza7777

sr. member

Activity: 1414

Merit: 255

not all bounty hunters will sell at very cheap prices, if indeed the project has a very good concept, surely there will be many traders who try to maintain prices by buying orders, the tokens for bounty hunters are only 1-2% so they don't affect prices on market

kawetsriyanto

legendary

Activity: 2226

Merit: 1086

Free Bitcoins Every Hour!

Quote from: ziac on November 16, 2018, 01:59:43 PM

I was once an investor had few gains to some ICO/crowdsale but made many losses so I decided to stop participating in ICO instead I do bounties and buy it thru exchanges from bounty hunters dumping it.
~snip~

Are you sure that the bounty hunters who dump the coins/tokens? Actually, I don't believe it since most of the hunters prefer to hold than selling it at very cheap prices. Or you ever contribute dumping it? Grin

By the way, your decision to stop buying tokens/coins on ICOs is what many people did currently. The cheaper prices on exchanges absolutely attract people to buy there. You just spend lower funds to get the coins/tokens. Actually, I am afraid with the future of ICOs with this condition.

kodtycoon

legendary

Activity: 1568

Merit: 1002

Quote from: XbladedThanos on March 07, 2019, 06:46:43 PM

I think paying in BTC or altcoin can make things difficult for icos since they might be using part of their funds to pay for the bounties so in case they decide to pay in their tokens instead even if they dont make it they return investors money and hunters are screwed atleast you have to expect that so tokens are much more easier payment and is cheap

well it is not difficult but indeed must to use bitcoin or eth and have to spend funds to increase investor confidence as well as the project that the product has funds to start the initial plan, not only that the initial funds must be there to pay dev and team and build a place. how people will believe if they don't have the initial funds I fully agree with the OP

Lumberjack1935

member

Activity: 105

Merit: 10

It doesn't take much experience in ICOs to understand that it is more interesting to wait for the launch of any market to get tokens at underrated prices! But sometimes, there are exceptions and if so, you can miss the train. Usually this happens with ICOs that have great appeal in the media, big players and some operational product.

Ranly123

full member

Activity: 952

Merit: 104

★777Coin.com★ Fun BTC Casino!

Quote from: ziac on November 16, 2018, 01:59:43 PM

I was once an investor had few gains to some ICO/crowdsale but made many losses so I decided to stop participating in ICO instead I do bounties and buy it thru exchanges from bounty hunters dumping it.

I know for a fact that most of you know this situation and are guilty of it, price tends to tank due to bounty hunters selling their share of tokens for cheap. I think its better to pay hunters in eth or other alts rather than risking the price of their token or coin in that way they could also help their investors and boost confidence to their future and their project. Well for me a falling price is a mark of a failing project "ICO's"

Well, if bounty hunters be paid by eth or BTC directly then it would be another liability for the project owner. This idea will do but it would be a healthy way to distribute the tokens from the crowdsale.

XbladedThanos

jr. member

Activity: 347

Merit: 1

Fun of WINBIX sales system winbix.io

I think paying in BTC or altcoin can make things difficult for icos since they might be using part of their funds to pay for the bounties so in case they decide to pay in their tokens instead even if they dont make it they return investors money and hunters are screwed atleast you have to expect that so tokens are much more easier payment and is cheap

entebah

full member

Activity: 1489

Merit: 150

I think most ICO projects currently have a bad price when they are in exchange, not because of Bounty participants, but because they are at the bear market, so prices cannot afford to rise, they hope that if Bitcoin rises, they will increase their Tokens price.

abojamal

member

Activity: 322

Merit: 17

Quote from: ziac on November 16, 2018, 01:59:43 PM

I was once an investor had few gains to some ICO/crowdsale but made many losses so I decided to stop participating in ICO instead I do bounties and buy it thru exchanges from bounty hunters dumping it.

I know for a fact that most of you know this situation and are guilty of it, price tends to tank due to bounty hunters selling their share of tokens for cheap. I think its better to pay hunters in eth or other alts rather than risking the price of their token or coin in that way they could also help their investors and boost confidence to their future and their project. Well for me a falling price is a mark of a failing project "ICO's"

Your speech needs a review
Bounty rate does not exceed 3% of sold tokens in the best projects
So it is difficult to affect this ratio to the rest of the sold
The lower prices of most ICOs refer to lower liquidity in the market
Note that BTC alone dominates 52% of the market.

cytpoway121

member

Activity: 1540

Merit: 68

I do not agree with you; projects conducting an ico crowdsale is in search of money in etherum or bitcoin
Asking them to pay bounty hunters in etherum would mean; paying out of their softcap or hardcap meant to develop the project

It is not entirely a smart move

Jackrodwell

copper member

Activity: 364

Merit: 0

Quote from: soramon on December 14, 2018, 07:12:05 PM

Usually the reward allocation for bounty hunter arouns 1-5% of total tokens. I think if the project is good its not a problem if bounty hunters dump the 1% of tokens. Maybe team may send the reward after already listes on exchange. Like 2-3 weeks after listing.

I agree with you, blame shouldn't go to bounty hunters for dumping a coin after listing, it's shouldn't affect the token/coin if it's a good project, either way Btc or eth can be use introduce in paying bounty hunters to avoid dumping.

Andruha1993

jr. member

Activity: 1008

Merit: 1

It would be very nice if each project gave the right to receive rewards by their token or eth. So a large number of participants would choose eth and thus would not lower prices on the exchange.

cleygaux

sr. member

Activity: 656

Merit: 250

Bounty payments has no any effect to the price of any project it has very small allocation if there are someone whos to blame its the ICO team for giving the early investor huge huge super sale discount I can see almost 70% on presale and on main ICO only 5% discount, horrible ico owners making to make huge amount of money from their shit projects.

globalcitizen

full member

Activity: 476

Merit: 104

Decentralized global citizen and crypto-preneur

I don't accept the position that it is the selling of tokens by bounty hunters that in most cases leads to the fall in price of ICO tokens. It encompasses more than just that because the bounty percent is usually very minor compare to the ICO total tokens.

iconoclast

full member

Activity: 770

Merit: 102

Matrix Built On An Ethereum Smart Contract

Quote from: ziac on November 16, 2018, 01:59:43 PM

I was once an investor had few gains to some ICO/crowdsale but made many losses so I decided to stop participating in ICO instead I do bounties and buy it thru exchanges from bounty hunters dumping it.

I know for a fact that most of you know this situation and are guilty of it, price tends to tank due to bounty hunters selling their share of tokens for cheap. I think its better to pay hunters in eth or other alts rather than risking the price of their token or coin in that way they could also help their investors and boost confidence to their future and their project. Well for me a falling price is a mark of a failing project "ICO's"

Complete nonsense, Bounties are rarely greater that 1 or 2% of the tokens issued. The primary source of selling when coins first list are by the people who got huge discounts in the Private or PreSale. 30% is the typical discount and sometimes it is even as high as 90%. There are hundreds of ICO's that were done in the later half of 2018 where the bounty has not been paid but the coin has sold off rather dramatically.

Topic: All about bounty payments and its effect to the project - page 18. (Read 2094 times)