Topic: Bounty Projects Paying Out in Bitcoin or Ethereum Instead of Bounty Native Token - page 2. (Read 1117 times)
August 23, 2019, 09:42:22 AM
Good idea but this is not possible. Advertisement is on token not on bitcoin or ethereum for this point. Bad sides of this that in 99% of cases token dont worth what the should be. It could benefit more to many but think that they need to consider to offer some compensation in ETH and for that to maybe 25% and rest in token. This option could be good for all who participate in bounty programs.
August 23, 2019, 07:34:01 AM
Most of the time 2m $ worth of native token bounty is not worth as 20k $ eth bounty.
They can have a better bounty with just a small amount and no dump, no unhappy investors.
They can have a better bounty with just a small amount and no dump, no unhappy investors.
August 23, 2019, 07:09:35 AM
You can participate in these campaigns, but these campaigns are for reputable and skilled users. Like DT members, moderators and people that are respected in the community, they deceive to be paid in real cryptocurrencies.
No, such bounty are not for deceiving or mainly for reputable members of the forum. The last time I checked anyone who's a good posted can participate in the bounty that pay in Ethereum or bitcoin and I think the reason behind this switch of payment was because some project owner believe bounty hunters are behind the down in price of most new project.Paying bounty in ethereum or bitcoin will reduce dumping of those new projects that cannot withstand the pressure from dumpers.
I don't know about ENK but as for the 4th pillar, I think there is no way hunters would have dumped as the price was too low to begin with coupled with the fact that the buy order on exchange is poor. I hold over 45k FOUR tokens and I have been monitoring the price since the first day it was listed. I can tell you for a fact that the price has always been piss poor and it had nothing to do with bounty hunters.
August 23, 2019, 07:01:15 AM
Nothing can help, BM should get red trust when he changes the rules.
One effort to fight is to spread fud to their projects. giving a kind of protest so that the bounty hunter gets his rights.
One effort to fight is to spread fud to their projects. giving a kind of protest so that the bounty hunter gets his rights.
Most times it may not be the fault of the bounty manager. I think a lot of times, it is the project team that tries to cheat the hunters. When they see that the project becomes an instant success with lots of profits, they start devising means of reducing pre-agreed allocation. This leaves the bounty manager in a ridiculous situation even though he/she gets paid directly in btc or eth
August 23, 2019, 06:08:26 AM
You can participate in these campaigns, but these campaigns are for reputable and skilled users. Like DT members, moderators and people that are respected in the community, they deceive to be paid in real cryptocurrencies.
No, such bounty are not for deceiving or mainly for reputable members of the forum. The last time I checked anyone who's a good posted can participate in the bounty that pay in Ethereum or bitcoin and I think the reason behind this switch of payment was because some project owner believe bounty hunters are behind the down in price of most new project.Paying bounty in ethereum or bitcoin will reduce dumping of those new projects that cannot withstand the pressure from dumpers.
August 23, 2019, 12:45:36 AM
tokens are born from blokchain and while the actual project goal is to improve their products on the market or like tokens they have created. if instead of a bounty campaign paying participants with (btc / eth), then what's the point of them creating a new token? considering blokchain is a sophisticated technology of course they will increase the stability of their own products.
August 23, 2019, 12:23:33 AM
For the fact that many projects in the cryptocurrency ecosystem doing bounties pay bounty hunters in their native tokens thereby blaming hunters for the dump in price most at times. I think it will be more preferable to have rewards paid in bitcoin or ethereum in order to save bounty hunters from receiving blames unnecessarily. I took part recently in a bounty (ANYONE project) and the payment is in btc though still awaiting payment but we're saved from unnecessary bickerings relating to price.
If on this bounty space we can get rewards in these currencies (btc or ethereum) it will do more good because after payout everybody faces their business and it will be left for the project team to see to how value could be added to their token or project as I can term it.
It's quite glaring and painful at the same time, bounty hunters are at the receiving end. In some cases, bounty managers change the rules with utmost disregard to hunters. I partook in a bounty just recently, where the BM was looking for a different excuse to cut down the rewards in their own native token seeing that price of the token skyrocket after their IEO and not allocating the agreed percentage to those tagged successful thereby denying hunters of what should have accrued them.
Any suggestion on the way forward that could be of help to bounty hunters having fair treatment and not be treated as a piece of rag after successful project campaign(s)? I want to learn from others experiences on the forum.
If on this bounty space we can get rewards in these currencies (btc or ethereum) it will do more good because after payout everybody faces their business and it will be left for the project team to see to how value could be added to their token or project as I can term it.
It's quite glaring and painful at the same time, bounty hunters are at the receiving end. In some cases, bounty managers change the rules with utmost disregard to hunters. I partook in a bounty just recently, where the BM was looking for a different excuse to cut down the rewards in their own native token seeing that price of the token skyrocket after their IEO and not allocating the agreed percentage to those tagged successful thereby denying hunters of what should have accrued them.
Any suggestion on the way forward that could be of help to bounty hunters having fair treatment and not be treated as a piece of rag after successful project campaign(s)? I want to learn from others experiences on the forum.
It is not profitable for them to pay bitcoin and ethereum. Since these are additional risks for them due to the high price (the rate is not stable). As stated above, it is easier to issue tokens and distribute them, after which you can blame users for their low rate. And the Bitcoin and Ethereum coins that you invested, they will keep for themselves and will not raise the course due to them, unless of course there are investors in the project who will not let the rate fall low. So far, only casinos and game projects are paying bitcoins for a signatures company.
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August 22, 2019, 11:32:05 PM
You can participate in these campaigns, but these campaigns are for reputable and skilled users. Like DT members, moderators and people that are respected in the community, they deceive to be paid in real cryptocurrencies.
No, such bounty are not for deceiving or mainly for reputable members of the forum. The last time I checked anyone who's a good posted can participate in the bounty that pay in Ethereum or bitcoin and I think the reason behind this switch of payment was because some project owner believe bounty hunters are behind the down in price of most new project. 
August 22, 2019, 08:54:32 PM
sure? I think that most reserve part of TOTAL SUPPLY not of the total sold. If it's limited to a percentage of the total sold the value becomes much smaller.
I have seen both the cases. In some of the ICOs, they reserve a certain percentage of the tokens sold as the bounty pool. For some others, it is going to be the total supply. Anyway, in most cases anywhere from 60% to 80% of the tokens will be sold in the ICOs, with most of the remaining (apart from the 1-2% bounty reward) going to the promoters. And bounty hunters never ask for full payments to be made in ETH/BTC. They demand a part of their reward to be paid in ETH, which can be 10% or 20%. That would mean just 0.1% or 0.2% of the total supply and may be 0.3% of the ICO revenues. This is something that can be conceded by the ICO promoters and it will make the bounty hunters more confident about their work.
August 22, 2019, 11:58:28 AM
For me it is still unknown why a lot of projects are not doing so. It would solve dumping, make investors and hunters happy. But the problem is that who wants to share 9000 ETH, if you can share 3 million of your own tokens, which costs you nothing at the moment.
August 22, 2019, 10:11:08 AM
Lol! how can they pay in eth or btc when they don't believe in the project they manage? most project are use as bait to collect money from investors, then you expect such team to pay in eth or btc! they won't because they are only after money and not project development so they could afford to reward you with worthless tokens and it won't matter much because they too are going to dump 
August 22, 2019, 08:56:11 AM
I am very concerned about what you have written, I often follow a campaign program (ANYONE project) like you and I have experienced the same thing. but not all BM treats bounty hunters arbitrarily. it all depends on who BM holds a gift project. and I will never again take part in a program organized by BM,who has ever cut for bounty hunter allocation.
August 22, 2019, 08:32:15 AM
I have participated in so many bounty project. But the payment it is not worth it.
We do some efforts to promote their project but the payment very less. When the price getting down, they will blame bounty hunter as a dumper. So sad..
I thought it will be good if the dev pay with the major crypto currency..
We do some efforts to promote their project but the payment very less. When the price getting down, they will blame bounty hunter as a dumper. So sad..
I thought it will be good if the dev pay with the major crypto currency..
August 22, 2019, 08:21:32 AM
I participated in such bounty companies and I did not receive tokens or the project was closed or groups were not available
now I try not to participate in companies with such an award
now I try not to participate in companies with such an award
If project groups are not available anymore its a scam project sorry to say,how effective your research is matters alot on bounty projects you will be willing to promote, many bounty hunters are promoting projects just for the sake of luck trying thats why they always end up been disappointed
August 22, 2019, 08:01:53 AM
1. For anyone who just want to earn profits quickly its always a good choice to promote bounties that pays in Ethereum or Bitcoin since you will end up selling them anyway.
2. For those who dont have money to invest in altcoins and hold for long time its a huge chance promoting bounties and once you get paid you can decide to dump or hold for long term,some bounty projects are so good that i belief if anyone holds them till altcoin season returns the profit will be unbelievable
2. For those who dont have money to invest in altcoins and hold for long time its a huge chance promoting bounties and once you get paid you can decide to dump or hold for long term,some bounty projects are so good that i belief if anyone holds them till altcoin season returns the profit will be unbelievable
August 22, 2019, 04:33:28 AM
paying participants with BTC or ethereum can't be done because they don't have a lot of money and they need a lot of money for development, actually bounty hunter has no effect on the occurrence of dumps because tokens for bounties are only 1-2%. See how they are dumped before distribution to hunter. do they still blame bounty hunter? they will silently blame bounty hunter, this is all just game from big investors who blame bounty hunter
August 22, 2019, 03:43:31 AM
It is a great idea. As a hunter I am favor in that when they pay as in bitcoin or eth form of token. Because it is more safe rather their own or local token that most if the time will became priceless. But I don't think if the campaign will afford that kind of system specially for those who are new build campaign or project. I hope we can have some study about this.
August 22, 2019, 03:37:32 AM
Projects are doing ICOs because they don't have BTC or ETH, they are trying to fund the project and don't have much budget, all they have are tokens to distribute. If you are a bounty hunter you should first understand well why an ICO exists... and yes, I know a lot of managers that are dishonest, disrespectful, so try to choose well what you join.
1. During the course of the ICO, the project will get funding either in BTC or in ETH. A few of the projects have more options as well. The payment for bounty hunters is distributed after the ICO is over. Sometimes they need to wait for as much as 2-3 months after the ICO. So there is no excuse for not paying the reward in ETH.
2. Most of the ICOs reserve just 1% or 2% of the total pool for the bounty hunters. This amount is so insignificant and it will not affect the ICO budget even if paid out in ETH or BTC. Bounty hunters need a guaranteed reward for all their hard work, and that can only be realized if the payments are done in ETH.
sure? I think that most reserve part of TOTAL SUPPLY not of the total sold. If it's limited to a percentage of the total sold the value becomes much smaller.
From what I am seeing, more than 80% of the ICOs turn out to be scams and another 15% fail to reach the soft-cap. The bounty hunters get reward only from the remaining 5%. This needs to change.
I agree that people should be paid, but there's always a risk, as you said, sometimes the project fail to reach the soft cap, it's not a scam, they just don't have the money.
3. Bounty campaign managers are not the biggest troublemakers. Most of the time, it is the ICO promoters that engage in scams. The manager may be helpless, as all he has is a wallet full of tokens, which are good for nothing. The ICO promoters may collect the money and vanish, leaving the bounty manager high and dry.
I expressed myself badly here, sorry, I meant the ICO promoters, not the campaign managers (middleman).
August 22, 2019, 03:11:06 AM
Most times projects have no initial start up funds and they don't know if they will meet soft cap or not, so they just base their payment on native tokens, more so paying out in native tokens can help a good distribution of the token and expand their community. I personally will prefer 50/50 payout. 50% stable coin and 50% their native token.
August 22, 2019, 02:18:09 AM
You can participate in these campaigns, but these campaigns are for reputable and skilled users. Like DT members, moderators and people that are respected in the community, they deceive to be paid in real cryptocurrencies.
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