Bounty hunters should be paid in ETH - page 33.

mammoniter

full member

Activity: 574

Merit: 100

Quote from: ahmadakbari on April 30, 2018, 09:07:58 AM

Many of ICOs allocate some of the tokens to participants in bounty campaigns. Don't you think it is better to give bounty participnats reward in ETH?
1-2% of the money raised is not so much and bounty participants deserve that. Also, it can cause more investors to attract. Because they are no longer worry about the price fall after bounties are paid.

I think it would be much easier for bounty hunters to receive ETH since majority of bounty hunters do trade their tokens it would save them of paying transaction fees in exchangers and time trading the said tokens. Or atleast make this an permanent option since not all bounties offer this like buy back option in some bounty campaign.

emoji00

member

Activity: 168

Merit: 14

I would be grateful enough if bounties were paid regularly and they had some relevance, as many times they are not paid, or just paid poorly so it does no make sense to do campaign.

Mr.grin

legendary

Activity: 1218

Merit: 1000

Quote from: Stavri on May 09, 2018, 01:10:34 PM

maybe yes. but ethereum is same as cash money for ico teams. they can use ethereum at the same time crowdsale ends and use them for the project or theirselves. so they dont prefer give to cash for bounties in advance.

well, if it fits the pay, i think it will be all right. I've been paid using ETH, and of course I accept it. in pay using a coin, or ETH, I will still receive it as long as it is still in accordance with what is promised. be professional Wink

MISS_nSTASSY

full member

Activity: 392

Merit: 105

Vena.Network

I don't understand why you guys want to be paid in ethereum.
Why are you participating in bounty campaigns? Is it you job or what?
As for me I am participating in project that I like to support and I understand pros and cons of the project, so I want to be a part of project, and receive a token.
Besides, when you receive tokens you can hold them till it rocket. Also why can't you just sell immediately if you are in crypto not for crypto but for money?? Undecided

Gain your ether or whatever you want
Crypto gives you freedom, but you decide to barter it for dollar Huh

Stavri

sr. member

Activity: 1050

Merit: 277

maybe yes. but ethereum is same as cash money for ico teams. they can use ethereum at the same time crowdsale ends and use them for the project or theirselves. so they dont prefer give to cash for bounties in advance.

K0korap

member

Activity: 182

Merit: 10

Quote from: ahmadakbari on April 30, 2018, 09:07:58 AM

Many of ICOs allocate some of the tokens to participants in bounty campaigns. Don't you think it is better to give bounty participnats reward in ETH?
1-2% of the money raised is not so much and bounty participants deserve that. Also, it can cause more investors to attract. Because they are no longer worry about the price fall after bounties are paid.

I don't think so. I think we should all understand that most of the bounties suport a certain coin that has been derived from either BTC or ETH. This is how crypto gains investors and what also creates the pump and decline in the values of ETh or BTC. I think having the rewards as unique coin encourages companies to invest to the platform.

lutcor

jr. member

Activity: 448

Merit: 1

It would be very cool if this really happened, but it does happen, although not often, it is probably better to say that this happens very rarely, when payments are made in the BTC so it happens I do not deny.

yohaneshs

member

Activity: 406

Merit: 11

You have a good idea but you know the ico have a projects and they use token to circulated their supply in market.

Milenyto

member

Activity: 120

Merit: 10

there were only couple ICO when bounty were paid in btc or ether. It is much more better for ICO project to pay in tokens because until the investors believe in project, tokens cost nothing.

suvo05

sr. member

Activity: 1162

Merit: 260

There are/were some projects which paid the bounty hunters in BTC but I have not seen any ICO is paying in ETH. I don't think that many ICO will agree to pay with ETH. They are collecting money from the market , they would not spend the money before their project gone successful. And it is better for them to give away token.

CyNotes

full member

Activity: 199

Merit: 100

The All-in-One Cryptocurrency Exchange

It couldn't implement in bounty. Web developee don't have enough money to pay bounty hunters in ETH. They also rely on the token sold and then distribute the token allocated in bounty campaign. So this unlikely to happen or possible but impossiblento happen.

Abiky

legendary

Activity: 3220

Merit: 1363

www.Crypto.Games: Multiple coins, multiple games

Quote from: hidden jutsu on May 05, 2018, 09:00:43 AM

that's right, the project will be dead at the very first day of its circulation in the market, bounty hunters are the one who has the big effect on the price of the newly created altcoin in the market.

Agree. Which is why most bounty managers pay in the project's own token instead of ETH. By paying in that specific token, the project could grow in demand and popularity. Bounty hunters would mostly hold that token to sell at a later point when prices go up. However, if they receive payment in ETH, then the project would be doomed as it cannot bring a useful product to its users (in this case a unique token). The token drives the value of the project and by sending payments in such token, it will promote its usage within the market.

Still, there could exist a bounty campaign where users would get paid in ETH if the bounty manager decides to do so. Since ETH is more liquid than most tokens available in the market today, it makes a great asset for trading and profiting over the long term.

Nevertheless, anything could happen in crypto land. Therefore, it's possible that bounty hunters could get paid in ETH sometime in the future. Just my opinion

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: fromnicetoevil on May 05, 2018, 11:17:59 AM

The whole purpose of bounties in the first place is to get as much people interested in the project and to get people to get their hands on the coins as much as they can so it is only normal that they pay out the people who are doing these bounties to be paid out in the tokens of the project, and paying in ethereum is like helping promote the coin of another instead of theirs.

Correct, paying in ethereum will be more convenient for the bounty hunters but you must remember the reason of why the bounty exist on the first place which is to promote a project and to try to get investors into it, so it is completely logical that the developers want people to use their coins even if at that time that coin does not have a very high value.

BraveSaw

newbie

Activity: 117

Merit: 0

It's not the best way of payments for bounty campain, since in case ICO will fail, they will loose more money..

fromnicetoevil

newbie

Activity: 89

Merit: 0

The whole purpose of bounties in the first place is to get as much people interested in the project and to get people to get their hands on the coins as much as they can so it is only normal that they pay out the people who are doing these bounties to be paid out in the tokens of the project, and paying in ethereum is like helping promote the coin of another instead of theirs.

seandiumx20

full member

Activity: 312

Merit: 109

arcs-chain.com

Quote from: ahmadakbari on April 30, 2018, 09:07:58 AM

Many of ICOs allocate some of the tokens to participants in bounty campaigns. Don't you think it is better to give bounty participnats reward in ETH?
1-2% of the money raised is not so much and bounty participants deserve that. Also, it can cause more investors to attract. Because they are no longer worry about the price fall after bounties are paid.

Yes it should be better to rewards us Ethereum than their project coin to avoid price fall because of dumpers. But the more token holders also affects the price value, holding the coin makes the price value grow. The more people uses the coin and used it in exchanges makes the coin more popular, that's why devs priority is to give you reward by their own coin.

vendy86

full member

Activity: 490

Merit: 106

i am agreed with you. the reason is same like you say.so many investors scare they will lose their initial after bounty reward paid.and like we know usually the token price down so much right after hit exchange.
But the problem is if bounties get paid by ETH,the bounty reward will be decreased so much,because I think dev will not pay more then 10% from what they got from ico.

AteenaD

newbie

Activity: 208

Merit: 0

Quote from: ahmadakbari on April 30, 2018, 09:07:58 AM

Many of ICOs allocate some of the tokens to participants in bounty campaigns. Don't you think it is better to give bounty participnats reward in ETH?
1-2% of the money raised is not so much and bounty participants deserve that. Also, it can cause more investors to attract. Because they are no longer worry about the price fall after bounties are paid.

That was certainly a good idea OP, rewards already in ETH. I am undeniably be one of those bounty participants that will be rejoicing in great pleasure if this idea of yours become actuality. But this kind of idea may not be feasible to the projects admins because it will cause them enormous capital to begin with. And that is not what they have. And i am sure that most investors will hesitate in investing due to high cost.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: ahmadakbari on April 30, 2018, 09:07:58 AM

Many of ICOs allocate some of the tokens to participants in bounty campaigns. Don't you think it is better to give bounty participnats reward in ETH?
1-2% of the money raised is not so much and bounty participants deserve that. Also, it can cause more investors to attract. Because they are no longer worry about the price fall after bounties are paid.

That will be definitely a good thing for the bounty hunters, but you need to understand that a significant portion of the icos do not have a lot the money when they start, and if they are unable to raise enough money they may be unable to pay their participants, another possibility is that there are bounty hunters that like to get tokens because they have a chance to multiply the value of their tokens many times over.

Babyfaceless

full member

Activity: 322

Merit: 101

I think that would be an issue to some project. Normally Bounty campaigns are created, aside from marketing, to hype the circulation of the token. when giving hunters token instead of eth, this allows the project to distribute to participants to trade in exchanges that increase the value of tokens. but of course, if the project can give stakes in eth, that would be great!

Topic: Bounty hunters should be paid in ETH - page 33. (Read 4570 times)