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Topic: Bounty projects need to change approach to bounty allocations (Read 647 times)

jr. member
Activity: 420
Merit: 1
Sometimes i just imagine how some ICOs do their calculations whenever i see the so much exorbitant target they put as their hardcap. Some hardcaps are just unimaginable. I just wonder if their intention is to take up almost everything in the market.
We have to be very realistic. Projects would come up with what they know and feel is possible.
Then if the hardcap of a project is not reached, that should not reduce bounty payment, inasmuch as the soft cap has been reached.
full member
Activity: 602
Merit: 100
I think that ico must use fixed payments for smaller task like some bounty0x campaigns where spam is strictly not allowed and quality of post is very important.
full member
Activity: 1498
Merit: 129
The problem is that many project have already allocated a certain sum for bounty and ones the project couldnt make the actual amount require to carry on with the project, the amount allocated for bounty become so big that it can influence the price of the token and this is exactly reason why most token trade below ico price because the price become dumped. Most importantly I think ICO need to make bounty campaign much tight that only people that their work have bring the project more sales are rewarded and not those hunters that steal other peoples work.
member
Activity: 170
Merit: 10
The large number of ICO scams and bad news about the ICO project made many investors very careful in choosing the ICO project, plus a high hardcaps target, so that the ICO was difficult to succeed in achieving. and we bounty hunters are saddened by our hard work that sometimes gets no reward.
hero member
Activity: 798
Merit: 503
This is a trend that happens a lot with bounty campaigns this days for blockchain projects, the truth is if a project doesn't meet its hardcap it is almost impossible to pay out the entirety of the bounty budget.

I think a change of approach should be adopted, projects should have a bounty budget that they will be capable of paying as long as the soft cap is reached.

This may mean a smaller budget but it also ensures hunters don't just join out of greed and spam repeatedly.

At the end everyone is happy

Your suggested approach is a workable one that needs to be considered really because the case of bounty hunters not getting paid as a result of the target not being is really alarming but again it won't solve the problem rather it would abate it a little because it would be like giving a free card to project that could not make the soft cap to just go free without paying. The lasting solution I see is the rejevenation of the crypto world where the trust would be returned but only given to those project that have proven themselves to be potent and everyone would be happy.
sr. member
Activity: 784
Merit: 250
DIA | Data infrastructure for DeFi
It is a great idea and I think this approach would help us to protect the bounty hunters and the forum members from scam projects. Thanks for your advice and I hope the BTT team will make something to go in this direction.
sr. member
Activity: 938
Merit: 256
This is a trend that happens a lot with bounty campaigns this days for blockchain projects, the truth is if a project doesn't meet its hardcap it is almost impossible to pay out the entirety of the bounty budget.

I think a change of approach should be adopted, projects should have a bounty budget that they will be capable of paying as long as the soft cap is reached.

This may mean a smaller budget but it also ensures hunters don't just join out of greed and spam repeatedly.

At the end everyone is happy

I think you could find the bounty like that.
Many projects served bounty allocation x% of their token supply no matter how much the token sold on ICO.
jr. member
Activity: 364
Merit: 2
The reward undertaking may should be changed with new and important plans to show the task. This relies upon the reward administrators who put the titles and extra stipends previously the extra begins so the venture pulls in a bigger number of financial specialists
full member
Activity: 686
Merit: 131
Posts like this really show why people hate bounty hunters.

I would say, 90% of bounty programs clearly state how they will pay the bounty hunters.
Yet, bounty hutners still whine anyway.
Always blaming the ICOs and bounty programs rather than adapting themselves.

The most common way of distributing rewards is a percentage of tokens sold.
Most ICOs will have it right there on the website in the form of a pie chart, can't be more clear than that.
So if you didn't know that, why did you promote the coin in the first place?
Bounty hutners constantly promote coins they know absolutely nothing about.

So if the hardcap isn't reached, then the unsold tokens typically get burned, and you get paid the same percentage, but a less number of coins.
full member
Activity: 490
Merit: 100
Well... as it is often said, innovation is the mother of necessity! The current market condition of cryptocurrency market require that project innovate or they become irrelevant! I have seen many project extending for a whole year wadting time and resources while they keep losing. I support the idea present by the op!
sr. member
Activity: 644
Merit: 250
I also think that the approach to bounty campaigns needs to be changed, because now it is difficult for projects to collect the maximum amount.
hero member
Activity: 2072
Merit: 542
DGbet.fun - Crypto Sportsbook
I think a change of approach should be adopted, projects should have a bounty budget that they will be capable of paying as long as the soft cap is reached.
I agree with your though bud since it is now a trend that when a project does not hit it's projected hardcap the team will trim the bounty allocation which will make bounty hunters unhappy thus accusing the project as a scam. Allocating a fix bounty reward once softcap is reach is good and add bonus by percentage once hardcap is reached could make bounty hunters motivated to promote the project more. Hope to see this scenario soon.
jr. member
Activity: 434
Merit: 9
This is a trend that happens a lot with bounty campaigns this days for blockchain projects, the truth is if a project doesn't meet its hardcap it is almost impossible to pay out the entirety of the bounty budget.

I think a change of approach should be adopted, projects should have a bounty budget that they will be capable of paying as long as the soft cap is reached.

This may mean a smaller budget but it also ensures hunters don't just join out of greed and spam repeatedly.

At the end everyone is happy

All projects I joined have a condition that if soft cap not reached then bounties will not be paid. Once soft cap reached then bounties will be paid. Also many have condition that only percentage of total token sold will be used for bounties and airdrops like for example even if Project X have 1billion token supply if they only sold 350million token and reached softcap then 10% of the 350million will be distribute for bounties not 10% of 1billion token supply.

I haven't encountered any project yet that have condition that they have to reach hardcap to distribute the bounties and airdrops.
jr. member
Activity: 182
Merit: 2
This is a trend that happens a lot with bounty campaigns this days for blockchain projects, the truth is if a project doesn't meet its hardcap it is almost impossible to pay out the entirety of the bounty budget.

I think a change of approach should be adopted, projects should have a bounty budget that they will be capable of paying as long as the soft cap is reached.

This may mean a smaller budget but it also ensures hunters don't just join out of greed and spam repeatedly.

At the end everyone is happy

This is somehow good and somehow unacceptable in some points. I think decreasing the budget for bounty campaign will lessen the number of bounty hunters that will join the campaign. If there are less hunters, the project will not be advertise effectively. On the other hand, the good side is that, they will pay the bounty hunters surely.
member
Activity: 434
Merit: 10
This is a trend that happens a lot with bounty campaigns this days for blockchain projects, the truth is if a project doesn't meet its hardcap it is almost impossible to pay out the entirety of the bounty budget.

I think a change of approach should be adopted, projects should have a bounty budget that they will be capable of paying as long as the soft cap is reached.

This may mean a smaller budget but it also ensures hunters don't just join out of greed and spam repeatedly.

At the end everyone is happy
I've experience a bounty where they are not following their own rules. In their bitcointalk thread, they've set a bounty allocation pool but in the counting of stakes, the bounty manager said that the percentage is already included in the stakes so everyone even with different campaign have the same equivalent stakes. I think it is a form of scam.
jr. member
Activity: 448
Merit: 1
Approach will change when projects will use escrow services for bounty payments and before that, the situation won't change
sr. member
Activity: 1092
Merit: 257
LuckyB.it is Back!
Bounty allocation is split from many segment so most of the bounty managers are follow the same way. Nowadays participants are are never mind in bounty project so they are all joining 10+ bounty campaign so blindly stay in the Bounty campaign it is not increase the reputation in any projects so finally it is not reach the softcap and owners are left the project. It is totally waste time in recent bounty campaign my suggestion is participants are concentrate in your work surely some changes are possible in every week.
hero member
Activity: 3024
Merit: 651
This is a trend that happens a lot with bounty campaigns this days for blockchain projects, the truth is if a project doesn't meet its hardcap it is almost impossible to pay out the entirety of the bounty budget.

I think a change of approach should be adopted, projects should have a bounty budget that they will be capable of paying as long as the soft cap is reached.

This may mean a smaller budget but it also ensures hunters don't just join out of greed and spam repeatedly.

At the end everyone is happy

Be on the same foot as them and you will understand.
You will pay something that failed. The money you gained from the contribution did not even meet the need to for the capital to start the project so what do you think will happen?

If all those money will be used for spending the marketing and advertising then what will be left out for the project? Payment for employees, advisors or the whole budget for ths team. Remember that they will run for 2 years before their own tokens are unlocked.
full member
Activity: 476
Merit: 100
This is a trend that happens a lot with bounty campaigns this days for blockchain projects, the truth is if a project doesn't meet its hardcap it is almost impossible to pay out the entirety of the bounty budget.

I think a change of approach should be adopted, projects should have a bounty budget that they will be capable of paying as long as the soft cap is reached.

This may mean a smaller budget but it also ensures hunters don't just join out of greed and spam repeatedly.

At the end everyone is happy
Reaching the softcap is the minimum for any project to continue its operation along with rewarding investors and bounty participants but at a lower amount compared to reaching the hardcap. So it's not entirely a waste of money and/or time. Most projects do reach their softcap which is good. The big question is, will their project be a success in the long run? If it does, then price and value will increase and will give the project a stable position in the crypto space even though it was only launched on a softcap.
sr. member
Activity: 784
Merit: 250
It is working well now because there is a softcap which is where the bounty will get paid, and it is only around 1 or 2 percent of the supply, not enough to dump the market. If it hits the hard cap, then hodl those coins for a long term gain

Yes there were project paying even soft cap reached, but not hard cap. But, the issue again here, why only some of ICOs doing this kind of payment procedure. This payment procedure should be at least implemented by 80% of the ICOs out there.
full member
Activity: 770
Merit: 102
Matrix Built On An Ethereum Smart Contract
This is a trend that happens a lot with bounty campaigns this days for blockchain projects, the truth is if a project doesn't meet its hardcap it is almost impossible to pay out the entirety of the bounty budget.

I think a change of approach should be adopted, projects should have a bounty budget that they will be capable of paying as long as the soft cap is reached.

This may mean a smaller budget but it also ensures hunters don't just join out of greed and spam repeatedly.

At the end everyone is happy
The most intelligent approach is to make the bounty a percentage of the money raised. That way you actually tie the interests of those doing the bounty with the goals of company. It used to be the most common approach to running a bounty campaign. Smaller budgets will only get you fewer participants. I know that I won't do small sum bounties unless the duration is really short (like 1 or 2 weeks) and the number of participants is small. The way to avoid spamming is to make it a fixed amount of stakes per week rather than allocating stakes for each post.
legendary
Activity: 2450
Merit: 1047
This is a trend that happens a lot with bounty campaigns this days for blockchain projects, the truth is if a project doesn't meet its hardcap it is almost impossible to pay out the entirety of the bounty budget.

I think a change of approach should be adopted, projects should have a bounty budget that they will be capable of paying as long as the soft cap is reached.

This may mean a smaller budget but it also ensures hunters don't just join out of greed and spam repeatedly.

At the end everyone is happy

The allocation is already small go check ICO's allocation for bounty hunters some are only giving 2% of the supply so you want to lower to something like 0.05% but guaranty to get paid even though it's a failed project, go join that kind of ICO I will stay or looking for a good ICO with fair allocation.
member
Activity: 572
Merit: 10
If the project is good and promising, he will not leave bounty hunters without remuneration. I think if the team would have such money, they would be able to order advertising from some well-known bloggers and perhaps it would bring more benefit to the project.
full member
Activity: 810
Merit: 101
On the one hand, it would be fair. But on the other hand, if the project will collect hard cap, bounty hunters could get more coins. It seems to me that nothing should be changed. What is now very familiar and good for us.
copper member
Activity: 266
Merit: 0
SYNCHROBIT
I think there should be an instance on Bitcointalk that will only allow the bounty to start, when at least 30-40 percent of the bounty budget by middle man are. It would guarantee that the hunters will get at least something.
member
Activity: 462
Merit: 13
This is a trend that happens a lot with bounty campaigns this days for blockchain projects, the truth is if a project doesn't meet its hardcap it is almost impossible to pay out the entirety of the bounty budget.

I think a change of approach should be adopted, projects should have a bounty budget that they will be capable of paying as long as the soft cap is reached.

This may mean a smaller budget but it also ensures hunters don't just join out of greed and spam repeatedly.

At the end everyone is happy
I have not noticed it though. So i do not if i am to say it is trending or not. Most project i have participated in their bounty paid , despite some not reaching their hardcap🙂
newbie
Activity: 298
Merit: 0
I think soft cap limit for gaining bounty rewards ir fair enough. In my opinion, launching bounty should be at the stage of project when figures already ar coming to gather and you feel some valid proof of campaign getting right way. Like smart contract with bounty manager for transferred tokens for bounty amount!
On other hand, I think bounty manager is also a key factor good result - checking jobs done, banning multiple accounts, updating spreadsheets and be good bridge to any questions relating hunters and project team.
member
Activity: 546
Merit: 11
I think this idea is already in existence, the project had a specific amount of money allocated to bounty even if they only reach soft cap.  Bounty hunters are not paid of soft cap is not reached.
member
Activity: 364
Merit: 19
www.codex.one
I think funds allocated for bounty campaign should be paid in btc , regardless of whether the project will collect software soft or not, because people are doing their job and it must be paid. Those who do not pay people a salary are fraudsters and they have to be punished for it.
full member
Activity: 602
Merit: 100
I believe that now, in principle, not bad at all except when the managers throw in the arrogant hunters,dynamite,all sorts of ways of coming up to throw hunters and so on,need more honor and more noticed in a falling market starts going on dunno what,everything is cheap,lame distribution,and delayed payment token is on the floor, and more
jr. member
Activity: 124
Merit: 1
The World’s First Blockchain Core
That is very good idea. Yes projects have to create some budget for that. Because if they will not reach their hardcap that is not our problem . We are doing our job and we are spending our time so that is our right. I agree with you . They have to give that money to bounty hunters even they will not reach their hardcap or other caps.
member
Activity: 62
Merit: 10
I think it's a good strategy. I would agree to make pools less but guaranted. Now bountyhunters are working for 'thanks' or five dollars. We need fix pools and escrow.
Escrow - is very good idea. It will guarantee that bounty hunters will get tokens for their work if project hit soft cap. I know several situation when projects didn't pay tokens to bounty hunters, even if this project hit hard cap
member
Activity: 588
Merit: 10
Bounty Detective
I think it's a good strategy. I would agree to make pools less but guaranted. Now bountyhunters are working for 'thanks' or five dollars. We need fix pools and escrow.
Escrow will help to avoid such a situation as recently occurred with the Yumerium project. But it does not guarantee us that the project tokens when listed on the exchange will not cost less than on ICO.
member
Activity: 616
Merit: 11
It is working well now because there is a softcap which is where the bounty will get paid, and it is only around 1 or 2 percent of the supply, not enough to dump the market. If it hits the hard cap, then hodl those coins for a long term gain
sr. member
Activity: 770
Merit: 250
I guess it doesn't really become a problem when not reaching hardcap. the most important target of the softcap project already achieved and can be used to continue the project. the allocation to the bounty and other already established and already taken into account even though it did not reach hardcap. does not match what the desirable indeed, but at least it was in accordance with the fair.
sr. member
Activity: 770
Merit: 254
What is reason for big hardcaps? Most projects doesn't really need millions of dollars, I've seen projects that average developer could build for probably couple of thousand dollars. Easiest for them is to have unrealistic hardcap, not to hit it and use it as excuse to lower bounty payments. It is very bad practice.
jr. member
Activity: 1708
Merit: 3
I dont think bounty project have to change their allocation.Most bounties allocation are okay the most commonly occuring issues affecting bounty allocation is the inability of most ico's to reach either softcap nor hardcap which due to the  current market condition some dont reach even soft and the rest of the issues most of the time comes from the bounty managers but wheather these two most  bounty allocation are fair and there is no need to change.
full member
Activity: 574
Merit: 100
https://ammut.network/
Most ICOs clearly specify that there will be a payment if the Softcap is reached, particularly today because most icos put stupidly high hard caps that are impossible to reach.

 Grin If you are rich, will you decline a next big profit? Greed is a nature of human. And the excessive hardcaps are seen commonly in current ICOs.
the ambition to pursue a hardcap target that is so high makes many ico fail to achieve it, the investors have lost confidence in the ico project which is rampant in failing hardcap, bounty hunters are always victims of futile work, because bounty allocation is always reduced from the original plan
full member
Activity: 574
Merit: 102
I see ICOs paying the bounty hunters in terms of percentage of money collected and some ICOs pay in bitcoin/eth/altcoins but it's only here on bitcointalk.
full member
Activity: 434
Merit: 100
I think it's a good strategy. I would agree to make pools less but guaranted. Now bountyhunters are working for 'thanks' or five dollars. We need fix pools and escrow.
jr. member
Activity: 266
Merit: 2
You have a point. Unfortunately, this may never happen. The only way to ensure this works is by bounty managers developing smart contract addresses to hold bounty allocations in a form of escrow contract address even before the bounty commences. By doing this, there is a guarantee that tokens allocated to the bounty will be completely distributed to qualified hunters accordingly. I know of some organised bounty platforms that are already doing this and its been working out effectively. Hunters should be paid their due for job done and it is completely irresponsible from project developers to try and shortchange Bounty hunters.
member
Activity: 420
Merit: 10
“Tackling Climate Change Using Blockchain”
Of course by nature man is greedy. Whether the concern are the bounty hunters or the ICO admins there is no exemption for both parties. Yet individually there are still good people who acts and thinks with justice. We all know how hard life is and this can always be expected. So I agree with your idea that even when the project is only a little above or equal to softcap a just compensation should be given to bounty hunters.
full member
Activity: 602
Merit: 100
This is a trend that happens a lot with bounty campaigns this days for blockchain projects, the truth is if a project doesn't meet its hardcap it is almost impossible to pay out the entirety of the bounty budget.

I think a change of approach should be adopted, projects should have a bounty budget that they will be capable of paying as long as the soft cap is reached.

This may mean a smaller budget but it also ensures hunters don't just join out of greed and spam repeatedly.

At the end everyone is happy
Of course, it would be much better for us if the project had an obligation to pay the reward to all participants of the campaign bounty in any case, but unfortunately there is always a risk to remain without any reward if the project fails. You should always carefully read the terms and conditions of the campaign so that there are no surprises for you at the end of the campaign.
legendary
Activity: 2114
Merit: 1149
https://bitcoincleanup.com/
I think a change of approach should be adopted, projects should have a bounty budget that they will be capable of paying as long as the soft cap is reached.
This has always been the case I believe. I have yet to see a campaign that does not pay its bounty participants even after reaching soft cap. So I do not really know what the OP is suggesting to change.
member
Activity: 420
Merit: 14
This is a trend that happens a lot with bounty campaigns this days for blockchain projects, the truth is if a project doesn't meet its hardcap it is almost impossible to pay out the entirety of the bounty budget.

I think a change of approach should be adopted, projects should have a bounty budget that they will be capable of paying as long as the soft cap is reached.

This may mean a smaller budget but it also ensures hunters don't just join out of greed and spam repeatedly.

At the end everyone is happy
You have not set forth your position in detail. What does it mean that ICO teams should have their own budget? In what currency and in what amount should it be? The ICO team pays for the participants in the ICO generosity campaign with their new tokens. Payment in anything else is unprofitable for them. We can still talk about payment at will in ethereum. In general, the existing payment system seems to me the most optimal.
sr. member
Activity: 980
Merit: 261
This is a trend that happens a lot with bounty campaigns this days for blockchain projects, the truth is if a project doesn't meet its hardcap it is almost impossible to pay out the entirety of the bounty budget.

I think a change of approach should be adopted, projects should have a bounty budget that they will be capable of paying as long as the soft cap is reached.

This may mean a smaller budget but it also ensures hunters don't just join out of greed and spam repeatedly.

At the end everyone is happy

The only thing that can make an assurance for the bounty campaign to pay people is the government to enter the legality of the project. The team should register their project to the government agency who will handle the requirements for the project and the team should put initial fund for the payment for the participants.
full member
Activity: 994
Merit: 100
they have already a specified allocation on the supply for the bounty hunters, so there is no need to change anything, it's just the bounty manager and the project team themselves that are not trustworthy to give the shares that their workers deserve.
yes, I see a lot of bounty managers and teams reducing bounty hunter allocations to get a lot of profits, they do it for a number of reasons that are very unreasonable
full member
Activity: 448
Merit: 100
I think we should set up a hosting platform. The bounty budget is placed on the platform's address for supervision. Whether the project reaches Softcap or hardcaps. The bounty hunter is paid by the platform.

sr. member
Activity: 882
Merit: 297
Bounty companies are dying. Bots and multi accounts everywhere. Due to the fact that 2,000 to 3,000 people participate in companies, for the entire period companies pay 20-50 dollars. I think this is the main reason why bounty programs are no longer profitable. Previously, there were no such number of participants (bot, multi-accounts).

What you are telling is also the one reason, that bounty hunters are not getting much profit due to this problem. Their should be some rules like signature campaign, so that we can keep spammers away from exploiting the bounty campaign.
full member
Activity: 518
Merit: 105
Bounty companies are dying. Bots and multi accounts everywhere. Due to the fact that 2,000 to 3,000 people participate in companies, for the entire period companies pay 20-50 dollars. I think this is the main reason why bounty programs are no longer profitable. Previously, there were no such number of participants (bot, multi-accounts).
member
Activity: 406
Merit: 11
Until the end of time
It depends on project, most projects pay out the allocations once they reach their soft-cap while other don't pay out the full allocation, normally it is always stated on the bounty rules. It is good to always read bounty rules and ask questions if possible before joining the bounty.
member
Activity: 420
Merit: 10
This is a trend that happens a lot with bounty campaigns this days for blockchain projects, the truth is if a project doesn't meet its hardcap it is almost impossible to pay out the entirety of the bounty budget.

I think a change of approach should be adopted, projects should have a bounty budget that they will be capable of paying as long as the soft cap is reached.

This may mean a smaller budget but it also ensures hunters don't just join out of greed and spam repeatedly.

At the end everyone is happy
I think you've got a little confused here. Projects that offer 30% more marketing dollars than softcap are definitely bad projects. because they can not anticipate market risks. When you encounter such projects, you should avoid them. At present there are many good softcap projects and they still have enough money to pay for bounty hunters.
full member
Activity: 602
Merit: 100
VANM - VIRAL ADVERTISING NETWORK MINING
Maybe the bounty project needs a change and there will be many ideas for the progress of the project, in my opinion, the project must be able to change the model and structure with various models in the introduction and in the implementation carried out. New innovations must be able to attract investors.
sr. member
Activity: 1988
Merit: 254
PredX - AI-Powered Prediction Market
This is a trend that happens a lot with bounty campaigns this days for blockchain projects, the truth is if a project doesn't meet its hardcap it is almost impossible to pay out the entirety of the bounty budget.

I think a change of approach should be adopted, projects should have a bounty budget that they will be capable of paying as long as the soft cap is reached.

This may mean a smaller budget but it also ensures hunters don't just join out of greed and spam repeatedly.

At the end everyone is happy
If they do that, the budget for the ICO will be very low. It could be under $ 100k and they will not be able to attract many bounty hunters to participate in their project. They need more bounty hunters so their projects can be more successful
member
Activity: 280
Merit: 10
Bcnex - The Ultimate Blockchain Trading Platform
they have already a specified allocation on the supply for the bounty hunters, so there is no need to change anything, it's just the bounty manager and the project team themselves that are not trustworthy to give the shares that their workers deserve.
I agree that changing bounty allocations will not make a campaign better, I think the thing to do is how they can manage a good campaign and be free of any cheating that we often encounter today.
sr. member
Activity: 1652
Merit: 262
SOL.BIOKRIPT.COM
but as long as the soft cap has been reached, the project is not necessarily able to pay the participants because of the lack of funds they get. what needs to be changed again is the model of the project. if previously there were a lot of them that were ico that supported technology, now it could be changed to support in other investment fields, such as automotive or most investment assets that could be mutually beneficial so that the hard cap could also be achieved with a lot of support.
member
Activity: 1540
Merit: 68
I think bounty projects are more straight forward. They use softcap as a springboard to bounty payments and this is because softcap highlights that the project has enough funds to create a good platform and be successful.

It also means that bounty hunters did their job beautifully and made the project successful on all grounds and its a good recognition too.
Just go for valuable projects with good products.
copper member
Activity: 101
Merit: 2
Most ICOs clearly specify that there will be a payment if the Softcap is reached, particularly today because most icos put stupidly high hard caps that are impossible to reach.

 Grin If you are rich, will you decline a next big profit? Greed is a nature of human. And the excessive hardcaps are seen commonly in current ICOs.
full member
Activity: 2324
Merit: 175
they have already a specified allocation on the supply for the bounty hunters, so there is no need to change anything, it's just the bounty manager and the project team themselves that are not trustworthy to give the shares that their workers deserve.
member
Activity: 336
Merit: 11
Victorieum Digital Wallet Revolution
This is a trend that happens a lot with bounty campaigns this days for blockchain projects, the truth is if a project doesn't meet its hardcap it is almost impossible to pay out the entirety of the bounty budget.

I think a change of approach should be adopted, projects should have a bounty budget that they will be capable of paying as long as the soft cap is reached.

This may mean a smaller budget but it also ensures hunters don't just join out of greed and spam repeatedly.

At the end everyone is happy

Most ICOs clearly specify that there will be a payment if the Softcap is reached, particularly today because most icos put stupidly high hard caps that are impossible to reach.
member
Activity: 854
Merit: 21
This is a trend that happens a lot with bounty campaigns this days for blockchain projects, the truth is if a project doesn't meet its hardcap it is almost impossible to pay out the entirety of the bounty budget.

I think a change of approach should be adopted, projects should have a bounty budget that they will be capable of paying as long as the soft cap is reached.

This may mean a smaller budget but it also ensures hunters don't just join out of greed and spam repeatedly.

At the end everyone is happy
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