Topic: Do altcoin bounties crash the price? - page 3. (Read 648 times)
I think is not because the token allocation for a bounty campaign is only about 1% only, a very small value.
As long as the project has reserved enough tokens for during the token sale over the bounty campaigns, it should be just fine. Most of the projects these days give a lot of attention to token distribution making sure it goes perfectly even and not to give out too much through bounty campaigns which could cause a drastic crash if dumped. Any ICO giving out more than 5% to bounties could face the dump factor as most of the users who attain tokens from bounties tend to dump in instantly at any exchange for the highest possible price.
It seems most ICOs fall below their ICO price shortly after they're listed on an exchange. This seems to be mostly due to pre-sale bonus investors and bounty hunters selling off their tokens rather than panicked ICO investors. I think it is far more ethical for new project teams to pay bounties in BTC/ETH rather than their token, and to not allow huge pre-sale bonuses, as both these things in my eye corrupt the value of a token. I've decided I'll no longer join any ICOs that utilize either of the above two practices.
If you've invested in a few ICOs, then I'm interested in hearing your thoughts.
If you've invested in a few ICOs, then I'm interested in hearing your thoughts.
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