Actually that percent isn't huge at all lol.
Some projects have $0 of their own so bounty & marketing through crypto communities is the best solution for them (win-win situation).
YES, many bounty hunter grab the tokens & sell them the first day they can, but if the project is solid enough they would be eating their fingers couple months later.
Bounty campaigns is great & you can check BitCoinTalk history about some great project that are worth 5+ dollars now after couple months / years.
Topic: Confused, Your thoughts is needed - page 7. (Read 932 times)
I was never interested in Tokoin. But if the price is able to protect itself, it means there is demand for it. The problem of other token prices to dump is the lack of a product to create demand. The fellas relate the decrease with the exchange, but the exchange is just a place to trade, if anybody is willing to get it, what is the difference. Anyway, always check whether the project is a demand generating.
There is a part in bounties i still don't get, bounty allocations are 1% to 10% of total max supply of the project token i wonder how dumping this can drag down its value? or most new projects have ways of dumping behind our back? For example Tokoin bounty leaves me speechless, many hunters sold their tokens but token value don't even move an inch from 0.08, what makes it withstand the dump while others would have crumbled back to 0.001 or more ..
The main facto why the project can be dumped caused by there was no a lot of demand in the market to create a support level to prevent the dump. Tokoin is an example of how the project with a lot of demand can keep its value. As you can see almost all of the icos were getting dumped caused by there is no a lot of demand to buy the coin from the hunters in the market. Remember tokoin is also putting a very small allocation to the bounty campaign and that doesn't give a significant impact to the price of the token.
Don't get surprised if the market price of that said token will turn down cause it happens already to the others.
1%-10% of the total supply isn't big enough to affect its price but the question is how could investors will affect this. They are the bag holder and they hold more tokens than of bounty hunters which we could think that bounty hunters did this downfall trend but are just because nobody could manage to buy this thing. People aren't comfortable enough to take the risk nowadays, they only have an interest in a certain project that has already been supported by well-known exchanges just like it happens to BNB and Binance.
1%-10% of the total supply isn't big enough to affect its price but the question is how could investors will affect this. They are the bag holder and they hold more tokens than of bounty hunters which we could think that bounty hunters did this downfall trend but are just because nobody could manage to buy this thing. People aren't comfortable enough to take the risk nowadays, they only have an interest in a certain project that has already been supported by well-known exchanges just like it happens to BNB and Binance.
I think what makes the price last is the quality of the project. if the project has great quality, I think the price will last. 1% to 10% is a small amount, but if sold together it can also make the price dump, especially if there is no potential for the project concerned.
however, it all depends on the strategy of the team. if the price of the token does persist at a certain price even though the token for the bounty has been distributed, it means that the project is very promising and has good quality. that is what I think.
however, it all depends on the strategy of the team. if the price of the token does persist at a certain price even though the token for the bounty has been distributed, it means that the project is very promising and has good quality. that is what I think.
Actually I am not familiar with Tokoin Bounty since I have also not been joining on bounty hunting for almost a year.
But I can answer your question, because it doesn't really affect Tokoin's price as there is also a buy order that prevents the coin prices from being dropped even though many bounty hunter sells.
So bounty hunters and investors sacrifices and effort are worth it because they receive their reward correctly and the price doesn't fall.
But I can answer your question, because it doesn't really affect Tokoin's price as there is also a buy order that prevents the coin prices from being dropped even though many bounty hunter sells.
So bounty hunters and investors sacrifices and effort are worth it because they receive their reward correctly and the price doesn't fall.
You cited as an example a very good project that long before the distribution to the participants of the bounty was already listed on the exchange. Not all projects can behave this way after distribution, I observed such that the price after distribution to bounty participants fell several times since this coin was listed on exchanges with low liquidity.
1% to 10% allocation is not really harmful to any token, but when that entire volume is dumped in the open market within a very short period of time, that starts hurting! Because if a coin price needs to be stable in such short dumping, the demand has to be higher than supply! Probably similar thing happen for the coin you've mentioned!
That's the reason why an ICO should never pay the entire bounty reward in one go. They need to bifurcate the schedule of reward payment so that not everyone goes to the market at the same time!
That's the reason why an ICO should never pay the entire bounty reward in one go. They need to bifurcate the schedule of reward payment so that not everyone goes to the market at the same time!
I agree with you that it is wise to pay hunters in a schedule payments system however, it won't be of much use if a project has poor volume or very low buy orders in the exchange because at the end of each payment, the price will keep getting worse. What makes Tokoin successful is because the project itself has a large volume and its listing on binance helped it achieve this as well. On many occasions, investors are largely responsible for dumping on exchanges. I can name several projects that delayed hunters payments - Harmony, Zeux and so on. They all fell in price months before hunters were paid.
Investors dump more because they have their money to lose
There's no exact value for which it can start the volume to drag down. As long as the demand keeps lowering, there will be an impact on its price as much as we can see on any coin. Most of the coins can't flee from dumping because of the investor's idea that most of these new projects will usually be dumped. So, before that happens, they are already doing it to save themselves.
as developer works on customs of manage as preparing plan on design with the release of message on anchoring the returns help as expecting with limit of numbers as funds to collects to begins with terms of work on projects plan.
There is a part in bounties i still don't get, bounty allocations are 1% to 10% of total max supply of the project token i wonder how dumping this can drag down its value? or most new projects have ways of dumping behind our back? For example Tokoin bounty leaves me speechless, many hunters sold their tokens but token value don't even move an inch from 0.08, what makes it withstand the dump while others would have crumbled back to 0.001 or more ..
Bounty dumping is the excuse every poorly planned and childish ICO projects put on to save their faces. The real dumping comes from the bonus investors and in cases of a scam project, the team itself. If the project is so concerned about the dumping, they could provide the bounty in other cryptos like bitcoin and Ethereum.
People still have the hang of ICO boom of 2017 and they thing their 10 minutes set up website is going to make them millionaires.
There is a part in bounties i still don't get, bounty allocations are 1% to 10% of total max supply of the project token i wonder how dumping this can drag down its value? or most new projects have ways of dumping behind our back? For example Tokoin bounty leaves me speechless, many hunters sold their tokens but token value don't even move an inch from 0.08, what makes it withstand the dump while others would have crumbled back to 0.001 or more ..
the project like tokoin know that it will possoble to happen , so instead of creating a panic sell they decided to set a buy order and use some funds so market price will not be affected from bounty hunters selling. Other project dont want this to do because they dont want to waste any money and becuase of that even investors selling thier token because thier are affraid that the price get more lower . There were campaigns that pays just about 1/3 of the bounty for each month, it didn't work still. It happens all the time even before the bear market, it must be due to the investors taking their profit after collecting bonuses about 30% for being early in buying the tokens. Everybody dumps and come to think of it the team needs funds, why wouldn't they dump what they have as well?
1% to 5% is fine but giving 10% of the total max supply as a pool for bounty hunter will harm the project, is there any project offer that much of coin or token?
we need to consider the domino effect caused by the dump from bounty hunters. when the market is flooded by the sell orders and there is no demand supporting it, the investor will be shaken and it might cause an unending sell pressure that comes not only from bounty hunters but also comes from the investors.
we need to consider the domino effect caused by the dump from bounty hunters. when the market is flooded by the sell orders and there is no demand supporting it, the investor will be shaken and it might cause an unending sell pressure that comes not only from bounty hunters but also comes from the investors.
1% to 10% allocation is not really harmful to any token, but when that entire volume is dumped in the open market within a very short period of time, that starts hurting! Because if a coin price needs to be stable in such short dumping, the demand has to be higher than supply! Probably similar thing happen for the coin you've mentioned!
That's the reason why an ICO should never pay the entire bounty reward in one go. They need to bifurcate the schedule of reward payment so that not everyone goes to the market at the same time!
That's the reason why an ICO should never pay the entire bounty reward in one go. They need to bifurcate the schedule of reward payment so that not everyone goes to the market at the same time!
There is a part in bounties i still don't get, bounty allocations are 1% to 10% of total max supply of the project token i wonder how dumping this can drag down its value? or most new projects have ways of dumping behind our back? For example Tokoin bounty leaves me speechless, many hunters sold their tokens but token value don't even move an inch from 0.08, what makes it withstand the dump while others would have crumbled back to 0.001 or more ..
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