Market downturn is probably one of the main reasons why ICO projects can't last long and joining their bounty program is useless and a time waster. Due to the fact that the market goes into nosedive, ICOs are forced to cash out some funds in order to survive. However, it is not enough which is why some of them decide to cancel their ICOs and return the funds of the investors. It means if you have promoted their ICO way back then as a bounty hunter, your time and effort was put to waste. You might be given tokens, but dormant and unusable.
Been there, done that. I have experienced a lot as a bounty hunter in which all of my hardwork (even some stakes are average to high, sometimes low) was put to waste because of their sudden cancellations, closure of their ICOs, and the worst part is that when we fall of those programs with fake team or so, they would run away with the investors' funds and our reputation would be affected due to promoting them on social media or so.
On top of that, most of their tokens are going downhill the day they started integrating themselves in centralised or decentralised exchanges. Even if they choose to lock it on a certain period of time, it's definitely no use because they're still affected by the dump in which everything is unregulated and uncontrolled.
The future of ICOs and bounty programs are at stake due to the market downturn, and it goes even deeper than that. It looks like it'll take years for us to see the bull run, or maybe no chance at all.
If you are participating in any ICOs or joining as bounty hunters, what do you think about this? Let me hear your opinion on this guys! Thank you.
With all due respect, your words sound nearly like capitulation. Remember. The conversations are monitored. Algorithms measure the sentiment in our words for those who need to know.
Capitulation, by the way, is the money mens' desire. When they feel their campaigns to destroy sentiment and blackwash crypto in general are working very well, then the next bull market will commence - after they see signs the crypto space is gutted again.
Until the masses catch on to the con that is our current money system and start moving fiat into crypto, we will be here on BTT bemoaning the sagging of these markets when logic says they should be soaring.
Nearly all of us here on BTT know the fiat era is close to the mathematical end of it's usable lifespan. There will be changes one way or another. When those changes occur, the controllers would preferred to have snuffed out the spark to own crypto beforehand, so when the 'crisis' occurs (lifesavings and retirement funds going poof into thin air all over the place) they can roll our their versions of electronic monies as 'safe' alternatives to non-sanctioned products.
Stop measuring your bounty spoils and investments using a dying fiat fractional reserve currency as a measuring stick and you will start sleeping a lot better at night.
Spread the word about crypto. That is step number one to realizing all of our dreams. Step 2. Start visualizing (daydreaming) a future that incorporates cryptos and unlocks the power of human beings' imaginations. Awareness and vision. Good luck everyone.