Bounty or Airdrop kill project? - page 23.

Erumo

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Quote from: Twinkledoe on July 23, 2020, 02:02:05 AM

I don't think bounty nor airdrop can kill a good project. As you said, the percentage allotted to these programs is very small as compared to the their total supply. Maybe you can see the immediate effect upon bounty distribution, but should go up once the dumping is over. Because it is normal to see that dip during that distribution but if the project has solid foundation, this bounty dumping should not really have the significant impact on their trading performance in the long run.

"What is dead can not die". If the project is a crap and only pisses in investors ears how cool they are, than it is no surprise that with bounty allocation of 1% or 0.001% from total supply, kills the project straight after distribution.

I just dont understand why everyone blames hunters, when early investors are the one to blame for dump. They have the biggest amount of alts "in hands". They always have this "30-50% buy bonus", so if they are just for the money, than they are the first to dump.

Simple math:

Early investors are the first who received altcoins. Invest 100$, receive 130$ in tokens. At the listing day (sometimes this happens before hunters even get their rewards), sell everything as quick as possible. Usually on the listing the price is same or higher that on early sale:

Spend 100$
Sell for 100$ plus get +/-30$ as an early investor
Profit +/- 30$ for doing nothing.
Price goes down as everyone tries to sell their early bonus as fast as possible.

And only then hunters enter trades with their miserable crumbs of tokens. So is to blame now ?

shoreno

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this does depend . majority of the airdrops and bounties have a coin that does not listed yet . how can you say that airdrop hunters and bounty hunters sell thier coin , where would they sell that coin ? if the other scenario happen like when the coin already listed . it depends on the situation too , theyl prolly sell when the value of the coin is way too much upon they got it but if not then why the fck they would sell . some users joined more than the reward but they also care about the project and wont do anything bad for thier supported project

Twinkledoe

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Quote from: Erumo on July 23, 2020, 01:51:16 AM

Quote from: CryptoTalk365 on July 22, 2020, 03:56:02 PM

I dont know what you think guys but i think airdrop and bounty kill the project let say after the project finish the ico all the bounty and airdrop hnter sell their coin/token , this make te price go low.Since all of bounty and airdrp hunter did not care about the project.

Count airdrops and bounty as a promotion. Each promotion program is an expense for any company. To be able to surpass expenses, company should make planning more wise. I.e. do not distribute hunters reward straight after listing. Do price protection program and not just watch price go down. Distribute hunters rewards in batches to decrease price drop. If the project is afraid of price drop by bounty hunter - do not run an airdrop or bounty, think of other kind of promotion.

And there is no proof that bounty hunters or airdrop participants drop altcoins price. How huge is bounty pull usually ? 3-5% from total token supply? With such amount is it even possible to drop the price? Dont be silly.

I don't think bounty nor airdrop can kill a good project. As you said, the percentage allotted to these programs is very small as compared to the their total supply. Maybe you can see the immediate effect upon bounty distribution, but should go up once the dumping is over. Because it is normal to see that dip during that distribution but if the project has solid foundation, this bounty dumping should not really have the significant impact on their trading performance in the long run.

Romeotom

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A project never dies by bounty hunters because at least lots of hunter store bounty token till price long rising. Even there want good support a project bad timing, so a project death/alive depends their roadmap development activity.

Erumo

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Quote from: CryptoTalk365 on July 22, 2020, 03:56:02 PM

I dont know what you think guys but i think airdrop and bounty kill the project let say after the project finish the ico all the bounty and airdrop hnter sell their coin/token , this make te price go low.Since all of bounty and airdrp hunter did not care about the project.

Count airdrops and bounty as a promotion. Each promotion program is an expense for any company. To be able to surpass expenses, company should make planning more wise. I.e. do not distribute hunters reward straight after listing. Do price protection program and not just watch price go down. Distribute hunters rewards in batches to decrease price drop. If the project is afraid of price drop by bounty hunter - do not run an airdrop or bounty, think of other kind of promotion.

And there is no proof that bounty hunters or airdrop participants drop altcoins price. How huge is bounty pull usually ? 3-5% from total token supply? With such amount is it even possible to drop the price? Dont be silly.

Apostlekin$$$

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The highest bounty allocations now are around 20,000$ to 50,000$, if the project have good demand then the token won't lose value but if the token isn't impressive enough there will be dump, bounty hunters aren't the team who put together the whole idea

Apostlekin$$$

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Quote from: CryptoTalk365 on July 22, 2020, 03:56:02 PM

I dont know what you think guys but i think airdrop and bounty kill the project let say after the project finish the ico all the bounty and airdrop hnter sell their coin/token , this make te price go low.Since all of bounty and airdrp hunter did not care about the project.

The project team are responsible if any thing happened to their project, some team dump tokens and put blame on bounty hunters while some gave high discounts to early investors and investors do the dumping, it's hard to see bounty allocations that worth 100k, the me how that will kill a project

Gayong88

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Quote from: CryptoTalk365 on July 22, 2020, 03:56:02 PM

I dont know what you think guys but i think airdrop and bounty kill the project let say after the project finish the ico all the bounty and airdrop hnter sell their coin/token , this make te price go low.Since all of bounty and airdrp hunter did not care about the project.

Related to low prices or not depends on the project management of the owner and market conditions. The owner must also find a way to attract the interests of his customers with a variety of patterns, the more people who want to have their coins, the better the value of a coin means there is demand and sales.

Gotumoot

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Quote from: CryptoTalk365 on July 22, 2020, 03:56:02 PM

I dont know what you think guys but i think airdrop and bounty kill the project let say after the project finish the ico all the bounty and airdrop hnter sell their coin/token , this make te price go low.Since all of bounty and airdrp hunter did not care about the project.

Nope they don't kill the project actually it is the other way around they help the project to gain attention.
But the problem is the project, If the project isn't serious about it then what's the point of all the promotion?

yhiaali3

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This is true, although the distribution of Airdrop and Bounty has a great importance and a large role in the spread of the project on a large scale, but as you say, it also has a significant negative in that most of those who obtain free coins from Airdrop or Bounty sell them immediately at any available price and this leads to Excess supply and lack of demand for this coin, which causes a decrease in the price of the coin for the project.

Claudio99

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Bounties promotions is what spreads words about a new project and bounty hunters got paid in the projects native token most times, the bounty allocations are always smaller, too small to drag the project down, what I've planned to always do is never promote a project that has bad use case

TheClownSong

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Quote from: CryptoTalk365 on July 22, 2020, 03:56:02 PM

I dont know what you think guys but i think airdrop and bounty kill the project let say after the project finish the ico all the bounty and airdrop hnter sell their coin/token , this make te price go low.Since all of bounty and airdrp hunter did not care about the project.

There are two different opinions and I think that depends on each other's perceptions. Bounty and airdrop can be profitable because there are many hunters who prefer to hold for the long term if the project is good and even buy directly in the market and this can make the sales volume in the market even greater. But bounty hunters also sometimes sell right away as soon as the exchanger starts listing the token which results in a price reduction

maxreish

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If they will remove it, the promotions of the project will be failed. Participants who are going to receive the token rewards usually sell it and that's normal. I don't think we have to point fingers and blame the airdops for the dumping reasons. Successful projects stay even participants sell their coins. I have seen one thread here about giving away token rewards in three parts to prevent huge dump of their tokens. Maybe, if all of the projects will do this, this will solve the issue of huge dump after launching

Phoenix_PROG

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OP you need to look around bounties section on this forum to see do yourself, check all bounties on there and you will see that out of 100% max supply of a project bounty hunters are only given 0.01% of max supply, only a bad project will drop in value because of that little supply

Phoenix_PROG

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You are wrong, developers need bounty hunters to promote their projects so that the project can attract many investors through forums and social media websites like medium, LinkedIn, Facebook, Twitter etc, in return bounty hunters are paid for their work, we aren't responsible for the death of projects.

Gorosden

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Quote from: CryptoTalk365 on July 22, 2020, 03:56:02 PM

I dont know what you think guys but i think airdrop and bounty kill the project let say after the project finish the ico all the bounty and airdrop hnter sell their coin/token , this make te price go low.Since all of bounty and airdrp hunter did not care about the project.

Let's pretend you are right, must new projects introduce bounties and airdrops? No! But they do anyway, meaning that they are getting something from bounties and airdrops and that's can awareness, you need to understand what bounties and airdrops do for projects

WiND33

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I think that the statement that bounty hunters are killing the project is not true. These guys publish in various news channels and features of the project, thanks to which more and more people will learn about it.

Since the topic of cryptocurrency is quite specific, every second man in it is a potential investor, so this is work directly with the target audience. It makes sense that every work should be paid, which is why the bounty hunters receive tokens.
Another thing is how the project's economy is built. Usually, the bounty pool is 1-2% of the number of tokens, which cannot significantly affect the cryptocurrency price rate. If the project is not a scam, then the team will provide for a possible drain of tokens by buying out its share on the exchange and restoring the rate.

I definitely believe that without the bounty there would not have been such a surge of interest in blockchain startups.

sfireman

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Quote from: funex on July 22, 2020, 04:30:14 PM

I don't totally agree with your point friend. i have seen some projects doing bounty and distributing rewards to hunters without it really affecting their price . And if developers think Airdrop and bounty will kill their projects then let them pay in stable coin like USDT that is what a few serious developers do .

Also there are situation where developers and investors dump prices of projects even before distributing bounty rewards. Dogdata for instance have not distributed bounty rewards yet the price of token is really dumped by team and early investors who bought with a lot of bonus.

This is so true! No bounty or airdrop has the ability to kill the project. Why do people keep thinking that because bounty hunters dump the tokens that lead to the failure of the project? To be fair, the project is failed because of its own plan. Don't blame bounty hunters when the project doesn't have the ability to develop as your expectation. You're right that if the developers are worry they totally can pay bounty hunters with stable coins!

Kupid002

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Quote from: CryptoTalk365 on July 22, 2020, 03:56:02 PM

I dont know what you think guys but i think airdrop and bounty kill the project let say after the project finish the ico all the bounty and airdrop hnter sell their coin/token , this make te price go low.Since all of bounty and airdrp hunter did not care about the project.

IF its really kill project then why they make it ? Why they always have a bounties and airdrop to give to users?

Hunters and airdropers is always looking for a money to grab from a project , in fact every project know what will going to happen if they give that free coins to any, if they are really care about the price movement then they will always find away to advertise their project without even using any single supply they have.

aioc

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Quote from: CryptoTalk365 on July 22, 2020, 03:56:02 PM

I dont know what you think guys but i think airdrop and bounty kill the project let say after the project finish the ico all the bounty and airdrop hnter sell their coin/token , this make te price go low.Since all of bounty and airdrp hunter did not care about the project.

I think you should educate yourself first before posting nonsense post, this has been addressed so many times and logic tells us that this is not correct if you hate bounty hunters or airdrops then do not participate at all but do not give wrong information, you should not use the word all if you do know the fact.

Topic: Bounty or Airdrop kill project? - page 23. (Read 2408 times)