Topic: Bounty Projects Paying Out in Bitcoin or Ethereum Instead of Bounty Native Token - page 6. (Read 1148 times)
July 27, 2019, 06:09:23 PM
not being paid and deducting the allocation is a risk if we become bounty hunters. you should participate in a project held by a trusted BM like Hhampuz. maybe that will keep you from bad things
July 27, 2019, 05:48:11 PM
ALready finding this kind of bounty projects, with the ETH or BTC payment. However, they are still limited enough and we can only find them on the service board in this forum. So far, the bounties prefer to use their own token or coin to pay the bounty hunter. They may not lead to dumping their token, however, sometimes, not all team have enough money to pay the participants with the BTC or ETH first.
July 27, 2019, 05:16:41 PM
It will be good if the team takes this path, but most won't because they think they will be lossing much. Before they blame hunters of always crashing the price of their token and nowadays they lock hunters reward for weeks, months and yet the tokens dump without regards. I think a good project should bother about what they want to achieve and if they think hunters will crash their token price let them pay with BTC or ETH. Also, most times some projects will use the strategy of paying in BTC or ETH to lure hunters; so in all dealings let due diligence be the watchword.
July 27, 2019, 04:41:36 PM
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.
Just like most commenters must have pointed out, i aggree with the fact that projects may not have the amount of eth or BTC to pay hunters. Removing such amount from their collections may ruin their running costs especially in this age where the number of bonuses may be x2000 of the supposed ‘IEO or ICO’ priceIf 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.
Don’t you think the issue of these high bonuses to early investors as a means of wooing them to projects is a contributing factor to price dumps when such projects list on exchange and thereafter bounty hunters are meant to bear such blames?
July 27, 2019, 04:33:14 PM
There are projects which have already working products and therefore wants to pay in ETH or Bitcoin. When this happens what I normally is to make sure that they paid for the first week as promised before I join them. There are certain situations where they fail to pay and you are not paid. What I will tell you is to make thorough investigations before you join those campaigns.
You are right because there are some projects who reneges on their promises and it’s quite painful that almost nothing can be done when such happens and it saddens me a lot.
July 27, 2019, 12:29:40 PM
I think this is very difficult, because bounty was born for the purpose of self-help the projects, because they don't have to spend money to pay for bounty. For projects which raised fund, they have enough money to spend on a bounty campaign (because you know, to attract hunters, the bounty pool must be attractive too).
July 27, 2019, 12:24:22 PM
What i care is bounty paying with coin and its worthed/ not one of many shitcoin, i am join so many bounty and now collected more than hundred coin erc that i cant sell, its sad 
This is why many people are clamoring that hunters be paid with bitcoin or Ethereum for the work that they have done for developers, because they need to be exempted from these holding of coin for future, when they were raising funds, I believe that they never raised funds based on their tokens too, they received either Ethereum, or bitcoin.Why should they even pay hunters in their own token when they know that there is no way you can get money for your work out If they don’t enter exchange, and like you side, I have hundreds of tokens too that has never entered exchange, it has just been promises upon promises till they end up getting dead and cannot be revived again. I know that they need to keep their coin active, but hunters are just minor to help them do so, they should go for end users of their project.
July 26, 2019, 10:30:48 PM
I'm more likely to give ICO projects a high trust rating if they are going to pay bounty hunters with Bitcoin, Ethereum or other top coins in the market, this could only mean that they want to protect their token from getting dump and they are willing to use funds from their sales to bounty hunters, bounty hunters are first supporters of their project, if they can do this to do their bounty hunters, they'll get positive feedback from the community.
July 26, 2019, 04:58:07 PM
There are projects which have already working products and therefore wants to pay in ETH or Bitcoin. When this happens what I normally is to make sure that they paid for the first week as promised before I join them. There are certain situations where they fail to pay and you are not paid. What I will tell you is to make thorough investigations before you join those campaigns.
I also prefer this kind of strategy when joining both ETH and BTC campaign, paying once a month it's a little bit risky for me. imagine what if they don't pay us or delay the payment for another 1 month? man, that's annoying that's why when I see like a week payment I go apply for it and mostly get the payment in time.
July 26, 2019, 04:43:54 PM
It projects can be consistent with paying in etherum or bitcoin
Then they can have wonderful marketing because it will be reduced terms, reduced participants which will yield quality service all round.
Then they can have wonderful marketing because it will be reduced terms, reduced participants which will yield quality service all round.
July 26, 2019, 04:13:36 PM
Well I think it is a good idea to pay bounty hunters in either Bitcoin or Ethereum so they will not blame bounty hunters for dumping their tokens and making the price of their coin greatly affected.
Unfortunately just a few of bounty campaign that do it, with the reason a project can't pay with btc or eth instead, because they must have funds first, so they need to reach successful first at ICO/IEO. Most project is started from the zero, without any fund, so that's why very rarely that give payments through them. July 26, 2019, 03:29:57 PM
ICO teams as a whole do not pay bounty to bounty hunters for their participation in ICO bounty companies by bitcoins or ethereum, because during the ICO they themselves collect these coins, distributing their new tokens. Very rarely, they agree to pay Bitcoin bounty hunters or ethereum, more often they do campaigns that do not carry out their ICO, but simply advertise their project in this way. Most bounty hunters would like to receive bitcoins or ethereum for their work, but this is unrealistic.
July 26, 2019, 02:49:31 PM
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.
Paying hunters in either Ethereum or Bitcoin wouldn't be a bad idea at all. Have participated in projects that pays with BTC and it was really worth, hopefully more projects will follow them
July 26, 2019, 02:23:46 PM
Well I think it is a good idea to pay bounty hunters in either Bitcoin or Ethereum so they will not blame bounty hunters for dumping their tokens and making the price of their coin greatly affected.
July 26, 2019, 02:04:17 PM
It's somewhat difficult to ask a bounty to pay in ETH or BTC. As usual, an ICO is held to raise fund, which means its dev team are financially difficult. Paying in native tokens help them with this. Yes paying by ETH or BTC is the thing that every bounty hunter would want but this kind of bounty should be available in well known and listed coins, and hence, very rare.
Bounties paying in ETH or BTC is of a truth rare, some of these bounty managers changes rule towards the end of bounties sometimes if the token or coin is doing well on exchanges let’s say during IEO because that’s the latest trend. Imagine a project paying $6 after over a month’s work for article/blog bounty.
July 26, 2019, 01:59:56 PM
I too agree with this idea especially after being deceived by many bounty managers and campaigns who either reduce bounty reward drastically while some do not pay anything in the name of low funds raised or soft cap not reached, all these situations exploit bounty work that is being done regularly and takes a lot of time and edfort and hunters need security too so i would go one step and say that bounty campaigns should pay in btc or eth and send payment weekly for work done. Period.
I partook in SERO article bounty recently, to my greatest surprise and of course I haven’t seen or heard such since I started bounty that disqualified participants stakes will be deducted from the normal reward pool. It’s a total mess issuing 25 Sero coin per stake just because the coin did well in the market. Some bounty managers and developers are so exploitative and hunters are at their messy. Just a pathetic situation.
July 26, 2019, 10:09:33 AM
I'm used to that some bounty managers are corrupt, they don't care about the distribution, all they care is their rewards and their share of the coin, I am out of these scam bounty campaign, there are a lot of good projects but the problem is they are scamming their workers.
now it is not as popular as half a year ago when every second project did not pay to bounty hunters. Now everything is fairer, but the terms of payments are still very long July 26, 2019, 10:03:06 AM
I think its not that much easy and feasible for projects to pay in ETH or Bitcoin. Paying in this format, they will actually spend the budget. Paying in native tokens, projects know the real price of the token and can spend less actually. If the same amount of payout is made in ETH or Bitcoin, probably bounty hunters will not choose the project considering less rewards for the tasks they are doing.
July 26, 2019, 09:54:32 AM
I'm used to that some bounty managers are corrupt, they don't care about the distribution, all they care is their rewards and their share of the coin, I am out of these scam bounty campaign, there are a lot of good projects but the problem is they are scamming their workers.
July 26, 2019, 09:45:19 AM
You are right though, that is getting paid in BTC or ETH; this will encourage participants of course but most projects won't do such. Only few which promised to pay in BTC or ETH fulfilled their promises. Also, most times they are used as bait to lure participants. On the other hand getting paid with the project's token can be profitable too depending on the project and the team. I think there is hardly anything participants can do in cases where rules changes as the BM is always in charge.
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