And yet another problem for promoters

bakasabo

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Quote from: Stanlo on February 20, 2021, 03:01:38 AM

There is going to be another problem for bounty hunters soon, now that ethereum is over 1900$ finally the gas fee keeps increasing and majority of bounties are smart contract, team can easily say the gas fee is too high so they can't send tokens to bounty hunters, I think it's the right time for bounties to start paying bounty hunters in USDT Tron or BTC, what do you say?

I would say that the team must be extraordinary rich to be able to pay in USDT Tron or BTC.

Imagine you have a pack of A4 sheets. You take scissors and cut these sheets into little squares - these are your tokens. Right now they cost you nothing. Or you might say its price is $1, or dream and convince people they will cost $5 in 1 year.

Also you have a wallet with lots of $100 bills.

What will you choose to pay for the work? Cut papers pieces or US dollars? If you rich, you can pay in real money. Or you would spend them more wisely and pay with papers, that might cost someday real money.

You are seeing the situation from bounty hunters point of view. But you dont image what will be promotional costs for the project if they pay in USDT o BTC. If they are not limited with funds, they would better run a more professional bounty campaign using google ads, press and etc. Then paying USDT for "click like, retweet button, copy/paste link to forum report post and scream I WORK HARD GIVE ME MY MONEY IT IS ALREADY 2 MIN PAST DUE DATE DISTRIBUTION TIME QUICK-QUICK-QUICK-WHEN-DISTRIBUTION?

heztida3

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there should be another answer for this and it appears as though if it's very better if the undertaking began to consider pay the trackers utilize the local coin that has an exceptionally low exchange.Fundamentally, the installment can be supplanted with a superior choice like USDT which is having minuscule charges when you are utilizing tron USDT.

ameliana

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Quote from: aioc on February 21, 2021, 09:58:26 AM

Quote from: Stanlo on February 20, 2021, 03:01:38 AM

There is going to be another problem for bounty hunters soon, now that ethereum is over 1900$ finally the gas fee keeps increasing and majority of bounties are smart contract, team can easily say the gas fee is too high so they can't send tokens to bounty hunters, I think it's the right time for bounties to start paying bounty hunters in USDT Tron or BTC, what do you say?

Even if they sent it, bounty hunters cannot sell or trade their token because of the very high fees, and there's a possibility that bounty hunters will stay away from Ethereum based token because the fee will eat up their profit, it's not a good time for a bounty hunter to promote projects based on Ethereum chain, you are right it's time and it's better to pay bounty hunters with other coins with cheap fees, or there will be few bounty hunters on their spreadsheet.

I agree with all of you, and one of them uses payment using other stable coins such as USDT (ERC20 / TRC20) in this case the Tron platform is very supportive. I have been doing transactions for a long time using Trx very fee cheaply and I am sure this will not hurt the project either.

aioc

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Quote from: Stanlo on February 20, 2021, 03:01:38 AM

There is going to be another problem for bounty hunters soon, now that ethereum is over 1900$ finally the gas fee keeps increasing and majority of bounties are smart contract, team can easily say the gas fee is too high so they can't send tokens to bounty hunters, I think it's the right time for bounties to start paying bounty hunters in USDT Tron or BTC, what do you say?

Even if they sent it, bounty hunters cannot sell or trade their token because of the very high fees, and there's a possibility that bounty hunters will stay away from Ethereum based token because the fee will eat up their profit, it's not a good time for a bounty hunter to promote projects based on Ethereum chain, you are right it's time and it's better to pay bounty hunters with other coins with cheap fees, or there will be few bounty hunters on their spreadsheet.

danherbias07

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That is possible.
They could use it to reason out that transaction fees are too high.
But payments using stablecoins is not just the answer.
They could use BSC mainnet instead and pay for BNB. I bet bounty hunters will be happy about it and so does the team behind the company.
It's cheap, its fast and trusted.

lousie9

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Quote from: Francis Freeman on February 21, 2021, 08:01:03 AM

Quote from: Stanlo on February 20, 2021, 03:01:38 AM

There is going to be another problem for bounty hunters soon, now that ethereum is over 1900$ finally the gas fee keeps increasing and majority of bounties are smart contract, team can easily say the gas fee is too high so they can't send tokens to bounty hunters, I think it's the right time for bounties to start paying bounty hunters in USDT Tron or BTC, what do you say?

Let's be realistic nobody is gonna pay bounty hunter with stable coins . The best they can explore is how they can pay using scaling protocols and likes of Matic to reduce the fees or use something like bulksender to reduce transaction costs .

yes, as we can see at this time there are still many projects that delay the distribution of their coins to bounty hunters because of the high cost. but I also agree with your point, if there is a network that is cheaper or even more efficient, why not use it? especially through bulksender this is great for now, there are a few projects that have done distribution in this kind of situation, but the project doesn't matter that, and the delivery continues.

Francis Freeman

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Quote from: Stanlo on February 20, 2021, 03:01:38 AM

There is going to be another problem for bounty hunters soon, now that ethereum is over 1900$ finally the gas fee keeps increasing and majority of bounties are smart contract, team can easily say the gas fee is too high so they can't send tokens to bounty hunters, I think it's the right time for bounties to start paying bounty hunters in USDT Tron or BTC, what do you say?

Let's be realistic nobody is gonna pay bounty hunter with stable coins . The best they can explore is how they can pay using scaling protocols and likes of Matic to reduce the fees or use something like bulksender to reduce transaction costs .

TanakabZX

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Pray you don't earn pennies in every bounties you promote because I believe that many projects won't want to pay in other coins except their own native tokens, if you earned better value worth of tokens selling the token won't be a problem, you will only have to sacrifice 12-25$ max for transaction

Nolimitz84

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Quote from: Stanlo on February 20, 2021, 03:01:38 AM

There is going to be another problem for bounty hunters soon, now that ethereum is over 1900$ finally the gas fee keeps increasing and majority of bounties are smart contract, team can easily say the gas fee is too high so they can't send tokens to bounty hunters, I think it's the right time for bounties to start paying bounty hunters in USDT Tron or BTC, what do you say?

Bounty programs have been around for a long time, and I personally see that there are a number of objective reasons to pay bounty participants with ERC-20 tokens. Accordingly, if projects are built on the BSC standard, then payments will be made through this blockchain.

LogitechMouse

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Quote from: Stanlo on February 20, 2021, 03:01:38 AM

There is going to be another problem for bounty hunters soon, now that ethereum is over 1900$ finally the gas fee keeps increasing and majority of bounties are smart contract, team can easily say the gas fee is too high so they can't send tokens to bounty hunters, I think it's the right time for bounties to start paying bounty hunters in USDT Tron or BTC, what do you say?

I doubt that they will do that.

If you are the developer, would you like to pay those bounty hunters into something that already has value but in your part the project will not be successful?? What I'm trying to say is that developers will not risk that much money just to pay those bounty hunters. They will pay them thru BTC but the project will be a bust so in the end, the developers will lose.

One solution that might help is to create a project under BSC instead of Ethereum Blockchain since BSC offers lower fees compare to ETH but paying the hunters into BTC or TRX (Shitcoin) or USDT?? Hell no.

Bitbtc8

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Quote from: so98nn on February 21, 2021, 01:47:53 AM

They don’t pay in USDT, Tron or BTC because they don’t want to risk their “real” money mate. If that would have been the case then everyone whose hunting bounties would have been richer by now.

Understand the logic here.

Paying with above currencies mean bounty projects will need to be funded with real money first.
However, paying in tokens means they are just “half assuring” you that we are paying and that someday the coins will have “X” price and stuff.

That’s just way of promoting the project so that real investors would put their fat wallet money into it.

Hope you get the difference between the two.

I get you but why did injective protocol decide to pay bounty hunters in Ethereum instead of their own native token? They believe their token will worth more and today INJ worths over 20x already, token is real money for real teams that know what they are doing

so98nn

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They don’t pay in USDT, Tron or BTC because they don’t want to risk their “real” money mate. If that would have been the case then everyone whose hunting bounties would have been richer by now.

Understand the logic here.

Paying with above currencies mean bounty projects will need to be funded with real money first.
However, paying in tokens means they are just “half assuring” you that we are paying and that someday the coins will have “X” price and stuff.

That’s just way of promoting the project so that real investors would put their fat wallet money into it.

Hope you get the difference between the two.

sniveel

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I think it is still better to pay bounty hunters with the tokens from their respective bounty programs, so that they can promote more after they have the tokens in the way of trading. I know it is not okay for me and my fellow bounty hunters to have higher gas fees but as long as we can still earn then it will be understandable.

ice18

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Quote from: Stanlo on February 20, 2021, 03:01:38 AM

There is going to be another problem for bounty hunters soon, now that ethereum is over 1900$ finally the gas fee keeps increasing and majority of bounties are smart contract, team can easily say the gas fee is too high so they can't send tokens to bounty hunters, I think it's the right time for bounties to start paying bounty hunters in USDT Tron or BTC, what do you say?

Perfect example of this is the AMEPAY signature and bounty due to high gas a participant posted a scam accusation against the BM for delaying the distribution of tokens , the best solution I can think for now is to migrate into alternative chains like BSC and Tron which has really cheap transaction fees compared to eth, but I think most projects today prefer BSC over Tron because of its compatibility.

FahriZah

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there will be no reasons, they will pay in significant coins or USDT so it won't be influenced by the value volatility.But, the advertisers ought not make the high expense as a pardon on the off chance that they are truly consistent with their words, they need to recollect that it's their standing is in question, when financial backers and potential financial backers gets baffled, the cost will at last kick the bucket.

nykka

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Unfortunately, I have already faced to such situations. I participated in some events in the Decentraland and team says "gas price is very high, we can`t send you your rewards now". I think the same situation is with the bounty hunters too. It`s a pity, because most workers want to sell their rewards, while market is bullish and many assets have very good prices.

There is a very interesting paradox. We need to sell our coins on high prices, but we need low prices for decreasing fees and getting tokens) Hope situation will be solved some way and everyone will get his reward

Sanitough

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It's not a big problem because when they send tokens, it should be bulk and I guess they understand the network very well before running the project, if they will say it's their problem, then believe me they are just making excuses to not pay the hard work of the bounty hunters because they are just here to collect money, use bounty hunters service for free and scam investors.

KimmyF

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Quote from: Stanlo on February 20, 2021, 03:01:38 AM

There is going to be another problem for bounty hunters soon, now that ethereum is over 1900$ finally the gas fee keeps increasing and majority of bounties are smart contract, team can easily say the gas fee is too high so they can't send tokens to bounty hunters, I think it's the right time for bounties to start paying bounty hunters in USDT Tron or BTC, what do you say?

Bitcoin transaction cost is higher than the regular Ethereum transaction cost. I'm using TRC-20 USDT to send or receive money with low cost but I'm not interested to receive USDT for bounty. I wish we could receive USDT from the last quarter of 2018. Market cap is on the fire, sorry USDT payment payment isn't worthy. Now we could receive rewards by exchange or change to another blockchain if transaction cost exist.

tsaroz

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With the availability of USDT on TRON network, everyone seems to be moving towards it as they have no fees even on inter exchange transfer. This shows how far the Ethereum's network is going from the need of an utility network. Some of the earlier bounties have already halted their distributions citing the network fees which would have several disadvantage for the bounty participants, prime of it not being able to sell the token when the price is high.

lienfaye

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The gas fee is really a problem now that eth keep on increasing and it might use as a reason of the dev to delayed the distribution. Its another pain for the hunters because they are really affected of this increase.

Quote from: Shasha80 on February 20, 2021, 04:28:24 PM

With the price of Ethereum being so high, it made gas fees continue to rise. Therefore, there are many projects that have not paid bounty hunters.
It is true that the desire of bounty hunters to pay should be made through other coins that have cheaper transaction fees. But the fact is that every
project owner only wants to pay bounty hunters with their tokens. It's time for the project owner if they want to make tokens using other smart
contracts, maybe using the Tron network could be the solution.

Thats true, I think they should consider paying using another smart contracts. But I think its not on their option and will just delayed the didtribution instead.

Topic: And yet another problem for promoters (Read 281 times)