All about bounty payments and its effect to the project - page 7.

Netnox

legendary

Activity: 2044

Merit: 1008

Quote from: ziac on November 16, 2018, 12:59:43 PM

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"

This is a hardcore lie which is being repeatedly spread by the scammers. Note the following points carefully:

1. The bounty pool ranges from 0.5% to 2% of the total pool, for most of the projects
2. In the past, it have been noticed that 90% or more of the price crashes were caused as a result of the promoters dumping their coins
3. Many of the bounties do not pay the rewards immediately. There were cases when the participants had to wait for as long as 6 months.

Danslip

hero member

Activity: 2058

Merit: 538

Leading Crypto Sports Betting & Casino Platform

Quote from: UniversityCoin on April 23, 2019, 08:40:42 AM

Quote from: Starfranko on April 23, 2019, 03:24:16 AM

Most bounty Hunter are in bounty solely for the meagre revenue they make from participating . It is therefore expected that they would zoom off the moment the opportunity shows up. I think dumping on the part of hunters is distasteful reality the system might just have to learn to live with

That is why I advocate reducing the number of participants in bounty campaigns. This can be done as the introduction of additional professional criteria, and additional conditions for the ranks on the forum.

Dumping the bounty tokens is not ethic from my experience, so holding the bounty tokens can make more BTC for bounty hunter if he is patient. Some criterias are unnecessary for bounty hunters and bounty managers make troubles for the bounty campaigns participants.

UniversityCoin

full member

Activity: 714

Merit: 101

Quote from: Starfranko on April 23, 2019, 03:24:16 AM

Most bounty Hunter are in bounty solely for the meagre revenue they make from participating . It is therefore expected that they would zoom off the moment the opportunity shows up. I think dumping on the part of hunters is distasteful reality the system might just have to learn to live with

That is why I advocate reducing the number of participants in bounty campaigns. This can be done as the introduction of additional professional criteria, and additional conditions for the ranks on the forum.

jorenpo

sr. member

Activity: 630

Merit: 250

nope. paying with their own coin/token is good for the project. they payed it to support the project.
and also the dumping is not cause by the bounty hunters. not at all.

StephenJH

hero member

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No more Rekt and Bust

Making revenue from bounty tokens is not a bad idea for those who have enough experience in these campaigns. The effect is various from my experience because the bounty hunters sell or dump the bounty tokens on every exchange.

Fuhre

full member

Activity: 644

Merit: 107

Some bounty hunters follow a project not only because of the size of the prize, but because he believes in the project. The bounty hunter advertises a product from ICO, so he has the right to get what he promotes. if the bounty hunter gets another coin because the Team is afraid of a Dump, then how can the Team doubt the future of the project itself Huh

? if the project is good, then why should be afraid of a dump?

Leonardo7

member

Activity: 686

Merit: 15

Quote from: ziac on November 16, 2018, 12:59:43 PM

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

I disagree that bounty hunters are responsible for price dumping since the percentage they are given are usually a very few percentages. Price crashing and dump is a direct representation of team mismanagement and lack of innovative skills. Hunters do work for their money and they have the same right as anyone does. If the team feel hunters are bad blood to their project, to prove their own sincerity, they should pay hunters in stable coins.

silver23

member

Activity: 574

Merit: 10

changing payments for bounty hunters with BTC, ETH and Altcoin is a good idea.
You are right, we can handle this ICO token and not worry that the price will be dump from bounty hunter.
but maybe almost all ICOs will never add ETH to pay for these bounty hunters.
I just hope that bounty hunters can become investors and think a lot about investment and ICO will also increase again not only in scam and fraud projects.

anjho.ace

full member

Activity: 371

Merit: 100

Quote from: coin-investor on April 23, 2019, 03:39:10 AM

Quote from: ziac on November 16, 2018, 12:59:43 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"

I have this feeling that these ICO's don't have enough eth or btc to pay bounty hunters and even if they got funded they will still not pay for bounty hunters with a tradeable token, because they knew that the price that they are going to pay for bounty hunters are cheaper when they pay with their own token, because they did not know if the price will go up or down, because the market dictates the price and it is very uncertain.

Most ICO team are telling on their investors at telegram group that the drop of price is due to selling of tokens from bounty hunters.
If that is the case, then why they keep sending tokens for payment? they have the investors money with ETH/BTC! why can't they send that as a payroll?
If they believe that their token price will go to the moon! why would they allow bounty people to be the wall and slow their flight?
What true is, early investors with huge investments are selling early to get out of the project and take the profit.
They should be holding and setting locks on those tokens.

lovesmayfamilis

legendary

Activity: 2072

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✿♥‿♥✿

Quote from: coin-investor on April 23, 2019, 03:39:10 AM

Quote from: ziac on November 16, 2018, 12:59:43 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"

I have this feeling that these ICO's don't have enough eth or btc to pay bounty hunters and even if they got funded they will still not pay for bounty hunters with a tradeable token, because they knew that the price that they are going to pay for bounty hunters are cheaper when they pay with their own token, because they did not know if the price will go up or down, because the market dictates the price and it is very uncertain.

All ICOs that are not paid after three months of waiting will not be paid at the end. Do not entertain yourself with hope.
Most likely, they had an original plan — not to pay bounty hunters. They will have thousands of reasons for not doing this. For example, at least they will enter KYS. And for many, it is a minus in the project, and not all bounty hunters will pass it. Again, unpaid tokens will go to the profit of the project.

coin-investor

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Activity: 2996

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Leading Crypto Sports Betting & Casino Platform

Quote from: ziac on November 16, 2018, 12:59:43 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"

I have this feeling that these ICO's don't have enough eth or btc to pay bounty hunters and even if they got funded they will still not pay for bounty hunters with a tradeable token, because they knew that the price that they are going to pay for bounty hunters are cheaper when they pay with their own token, because they did not know if the price will go up or down, because the market dictates the price and it is very uncertain.

Starfranko

jr. member

Activity: 672

Merit: 1

Most bounty Hunter are in bounty solely for the meagre revenue they make from participating . It is therefore expected that they would zoom off the moment the opportunity shows up. I think dumping on the part of hunters is distasteful reality the system might just have to learn to live with

tins

hero member

Activity: 882

Merit: 500

Quote from: matej451 on April 23, 2019, 01:48:09 AM

When project hits the exchange decide if it is worth dumping. If a price is solid then sell as you will have a chance to get in at lower price for sure.

If price is 0 then you have no choice but hold and hope for the best. But i agree i don't understand dumper who selling tokens they got for few months work for $2.

I participated in a bounty that received its value only a few dozen dollars, but after evaluating the project. I feel that they are still working and very potential, so I think I should hold, in addition I am purchasing it at a very cheap price for hold long time

matej451

member

Activity: 203

Merit: 14

When project hits the exchange decide if it is worth dumping. If a price is solid then sell as you will have a chance to get in at lower price for sure.

If price is 0 then you have no choice but hold and hope for the best. But i agree i don't understand dumper who selling tokens they got for few months work for $2.

Wintersoldier

sr. member

Activity: 966

Merit: 274

Quote from: Ultimist on November 16, 2018, 04:33:36 PM

I believe that the project team should make sure that investors do not lose confidence in their coin. Yes, bounty hunters often sell their coins immediately after the listing, but it does not do everything and it is unlikely that it will significantly affect the growth of the coin. So I don't think that's a big problem.

I wonder about projects listing their coin to their exchange if the would need to buyback in order to satisfy their community when there are no buyers on their platform? I am just having a little lose on trust about some platforms as my buy order isn't bought up to now. And I think that would have an effect to the project.

odukoyaewatomi27

member

Activity: 536

Merit: 15

I really don't agree with you about this. Most people say bounty hunters are dumpers and it have effect on the tokens price on the exchange. But from my experience with bounties most projects don't offer bounty allocation of more than 5% of the total token sold. So how will 5% dump have a huge effect on the remaining 95% price. The bitter truth is that most tokens dump because of the ridiculous number of bonuses the team have offered during the tokensale and pre-sale period.

coinsycrip09

full member

Activity: 910

Merit: 100

yep! that's right, indeed one of the ico failures was that prices continued to fall while in the market. but paying bounty hunters with eth or other altcoins is not a good solution, i'm sure some investors won't approve it and this will cause other new problems.

i think a good way is to make them believe in the ico project and run the project according to the roadmap, i'm sure that will help make a lot of people stop dumping.

karagun125

member

Activity: 448

Merit: 10

I don't think so, although bounty hunters affects altcoin's price but in a small percentage only. The one who affects the decreasing price of the altcoin re the ones who invest because they have much volume unlike the bounty hunters.

Callanta787

member

Activity: 546

Merit: 21

I've seen many posts like this in the past saying its better for Devs to pay hunters in ETH or bitcoin to avoid dumping tokens but I'm yet to see any bounties that follow this idea,i think it's the best way to stop dumping

libert19

hero member

Activity: 2520

Merit: 952

Some mature ICOs lock their tokens until their products are launched so it prevents dumping to some extent.

Topic: All about bounty payments and its effect to the project - page 7. (Read 2133 times)