Topic: Bounty hunters hurting themselves? (Read 700 times)
Bounty hunters don't have much control as they have only 1 to 2% of the total bounty and not all hunter sell their coins immediately on listing. In my opinion, those who got a good bonus in pre-sale comes to sell their coins and it affects the price as they have a lot of coins.
As a rule, bounty hunters are paid not so many tokens so that they can destroy a particular project. And such part-time will be alive while there is ICO!
I believe it is not bounty hunters who dump token price, as after the bounty has finished, they hold only small amount of pool. Their people are investors who get tokens in pre-sale for a very cheap price.
Bounty hunters will always just remain the smaller part of the puzzle and the bigger investors will always have the part to play when it comes to driving the price lower. Actually, this is because they are mostly after the little percentage that is available with some of the gullible bounty hunters who are weak hands as they tend to dump at a very low price since a whole lot of them usually do not take their time out to even know the ICO price in the first place, and for the fact that this is a bear market, it makes it so easy for whales to achieve, so in a way, anyone who is selling lower than ICO price is actually dumb and hurting him or herself. 
I think the way out is for the project to pay bounty hunters with Ethererum or bitcoin to keep their coin from not being dumped. Some projects use the same method and their coin survive and it is doing well in the market as we speak now. I can see how paying with Ether will harm their projects but it will protect them and their investors. I agree with you that the hunters attitude is bad and highly inimical to themselves. How i wish it can be controlled but how can you even tell somebody not to sell his token.
Project pay out in tokens because they really do not want to spend much to achieve the promotion of their project and bounty is an easy way to go. So, paying in other digital currency defeats that objective. I would say the best thing to do in such scenarios is to either lock the bounty participant’s token for a long time until the market has developed to some certain extent.However, let us not forget that bounty participants always have just very little of the total amount at the end of it all, and I would not say bounty hunters are the major culprits of driving down the market value, but would rather state that, this is an act of whales to just drive out the weak hands out of the market at lower price.
I think I have to disagree with the idea. I think this is how it goes, as a bounty hunter we may assume the token payments as our salary for the projects so whenever there is a chance to sell in a more higher value, a bounty hunter then will grab the opportunity. It is given that if there is a high price offer in the market, dumping will occur and that is not just because of bounty hunters but the holders of token in bulk. Let us take note that the allocated tokens for the project is not that high so the dumping technically is not due to bounty hunters.
I think the way out is for the project to pay bounty hunters with Ethererum or bitcoin to keep their coin from not being dumped. Some projects use the same method and their coin survive and it is doing well in the market as we speak now. I can see how paying with Ether will harm their projects but it will protect them and their investors. I agree with you that the hunters attitude is bad and highly inimical to themselves. How i wish it can be controlled but how can you even tell somebody not to sell his token.
I believe it is not bounty hunters who dump token price, as after the bounty has finished, they hold only small amount of pool. Their people are investors who get tokens in pre-sale for a very cheap price.
I agree. And aside from that dump, there are also other ways a bounty hunter can ruin a project like making advertisements that is wrong information of the project, could be also dangerous.
Hunters dump but the team of the project can control this if truly they know what they want to achieve. I have participated in many project where bounty hunters token were locked for period of time to prevent massive dump of token and Also I have witness situations where dev do not list token on a centralized exchange except for idex and some other dumping ground and the bounty hunters were selling on this dex at very cheap price after a long period of time the team list token on good exchange and there were no dump because the hunters had already sold their token cheap on dex.
Without rigorous research, no rigorous selection or no compliance with campaign requirements, bounty hunters will hurt themselves when they do not get results.
It occurred to me today that with the market in this fragile state bounty hunters could end up ruining bounties and having this opportunity closed off to them in the future if the dumping continues as soon as the tokens are released and an exchange begins trading. The coins just cannot handle the dump at this time with the market so low and everyone so timid. The projects will find a different means of promotion as paying us in their tokens will no longer be an option as it would harm the project to much.
Thoughts?
you can not blame the bounty hunters for dumping token because there are many hunters that do hunting as the only means of surviving and by the way even though bounty hunters dump token so also the investors and their are hunters like me that do hold my reward especially when I see the project has alot of potentials. I have witness in the past where team and advisor of token deliberately dump token in order to bring down the price and the team denied it. Thoughts?
The honest truth is that bounty hunters are not to be b;lamed in any of the problems facing the crypto market as regards to dumping. because these people work alot to promote the project with just 5-10% of the project token allocated to them. Believe me the Developers are the problem here because most of them tend to become greedy.
I agree. And aside from that dump, there are also other ways a bounty hunter can ruin a project like making advertisements that is wrong information of the project, could be also dangerous.
Even though I do bounties myself as well, I prefer it if bounty hunters we get paid the coins say one month after investors, so that will give a chance a little bit for the new projects to start trading and as investors PAY money from their pockets, they should have first run on the exchanges. It is true that most bounty hunters dump. I saw this happen to money token, it killed the price as soon as it entered the exchanges, as all the bounty dumpers dumped everything. I think we should be paid for our work after the investors get their tokens, I think that would be a win-win situation for everyone, including the price as well.
the bounty hunter is indeed often once things get that bad. because often the bounty hunter get paid late. even often also extended project. until they have to much longer do improvements.
I think the most current allocation for bounty participants is around 5% of the coins created.
and that is very little to move coins into dumps.
all you have to know now is that the market is currently in a period of correction, so don't ever blame the bounty participants for falling coin values.
and that is very little to move coins into dumps.
all you have to know now is that the market is currently in a period of correction, so don't ever blame the bounty participants for falling coin values.
Bounty hunters are not the only ones who dump coins, the investors in the coins dump as much as bounty hunters. The fact is that everyone is trying to make profit and to do that you have to take advantage of the best times to sell the coins. Bounty hunters are selling because they do not want to miss the best prices to take make the most money.
Well, they should continue, because that will make them not to be satisfied with what they have. They will continue to dump whatever reward they receive and it will amount to nothing.
the bounty can not disappear, it's really cheap labor, some projects can not even pay what they promised, and then they blame the bounty hunters for destroying cops on the stock exchange, but that's not true, even if all the tokens to collect that have bounty hunters , this is a very small amount, but the project teams can ruin their tokens, so this will all live!
It's sadenning that bounties hunters usually and have been receiving the blame each time a token dumps after listing while the huge private investors who receive bogus bonuses and dump once they can are never blamed. Most of the time bounty hunters usually receive their tokens weeks to months after the investors have received their and started trading it but the hunters still end up being blamed for the investors actions.
there is a project that doesn't use a bounty. we don't know what the reason. but if the more and more ico is failed, then it doesn't rule out the possibility that if one day the bounty will disappear. therefore, before all is lost we must be able to use it well to make a profit.
Till there exists ICO, there will be bounty campaigns. Many projects will fail and many will succeed but the bounty culture will keep continue because it's the cheapest and easiest way of marketing. Also I don't think ICO could be stopped, it's crypto they will find their way to the market. Jump to: