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.
I myself have felt what you said and in fact, the fact that being a bounty hunter is currently less promising because a lot of the coins they give are worthless when registered on an exchange. I just hope that in 2019 there will be a good change to this condition so that in the future ICO can be useful.
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