Topic: FIAT rewards for bounty hunters. (Read 1603 times)
This will never happen. The team itself has no reason to pay hunters in fiat. It's one thing to give tokens that are unknown how much they will cost, and quite another to give real money. The maximum that you can expect is to receive the award in ETH or BTC. No one will give you normal money.
THis is a smart thought yet I figure the activities would prefer not to hazard their own particular Ethereum and would rather give out their own crisp stamped coins with no incentive at the time. Here and there I think the undertakings get a kick out of the chance to cry when individuals trade out their work which appears awful business. On the off chance that the undertaking knows it will dump they should BUY BACK. Giving abundance seekers the choice to be paid in fiat money is a decent perfect yet I don't figure engineers will need to do that.
I do not know how it might look. By and large, this is not profitable for projects, because they pay compensation-their own tokens, which for them have no value. But payments for generosity in ETH or BTC will not be bad.
The part that is distributed for the bounty of the companies is insignificant, but those who participate in the presale stage receive a bonus of 40-50%. It is precisely these participants that are ruining the price.
well, first of all how do you propose to transfer the fiat around the world? second of all, every ico/ito had budget percentage for bounty hunter from tokensale. so how'd you can count if they didn't on the market yet?
i think that it's better for the ICO-s to give out their tokens/coin. I don't think that it will ever happen that bounty hunters get FIAT for reward.
While it may sound like a good idea and all of that, and what majority of us bounty hunters might want, I don't think that there is a possibility for that to happen to be more realistic. The thing is that tokens are usually distributed instead of these fiats so as to promote the tokens themselves and giving out fiat will not be fulfilling this purpose.
Yes you suggest a good idea to avoid the dumping of ICOs coins and that way investor will also get benefited they will not fear of loss of value of their coins those who really interested in their projects they can buy coins from the fiat money they received as a bounty reward. I think If all this implemented ICOs demand will increase again. But in my opinion practically its not possible to distribute fiat money that will cost much so they avoid to pay in fiat.
It would be nice if the projects gave a fixed percentage in Ethereum or Bitcoin to bounty hunters.But I do not think that this will ever happen, we play not such an important role for them.
Rewarding bounty hunters with Fiat will be a good idea to me, this is because sometimes we receive a reward that is meant to be $10 worth of the token, but by the time we are ready to sell it must have dumped to $2 or less. If the reward was paid in fiat it would have been the $10.
if the team pays bounty with fiat I have never heard of it but with bitcoin I often see bounty programs that pay with bitcoin.
how can the developer pay you with FIAT because obviously your personal data will be requested to send FIAT.
and this is clearly contrary to the purpose in creating crypto.
how can the developer pay you with FIAT because obviously your personal data will be requested to send FIAT.
and this is clearly contrary to the purpose in creating crypto.
This is a good idea but not all people who take part in the bounty can receive FIAT because they are different countries maybe and it is very rare that FIAT is given because the funds from ICO might be to build a future project, but there is a project that gives ETH as a reward but I prefer receive tokens, who knows the tokens will fly high?
Hello all members!
I am a bounty hunter, as well as many of you
And I heard that bounty hunters dump the coin price at the ico end.
So I was wondering, if the team doesn't want its coins to be sold on exchange date and thus be dumped, why they reward bounty hunters with their token, not FIAT.
Because they anyway accept fiat for selling the tokens, so the coin won't be dumped by bounty hunters, and bounty hunters are satisfied too.
Because those who need money, they have it, those who want tokens, can buy it at exchange etc.
it can be a good idea. Currently there are many projects paid by ETH in BTC, as bookiepro, ... But public money will pay less
Hello all members!
I am a bounty hunter, as well as many of you
And I heard that bounty hunters dump the coin price at the ico end.
So I was wondering, if the team doesn't want its coins to be sold on exchange date and thus be dumped, why they reward bounty hunters with their token, not FIAT.
Because they anyway accept fiat for selling the tokens, so the coin won't be dumped by bounty hunters, and bounty hunters are satisfied too.
Because those who need money, they have it, those who want tokens, can buy it at exchange etc.
What's the point of being in a crypto if you only want Fiat. Bounty campaign is not a guarantee that their project will be successful so having their coins as a reward for bounty is a better option than giving Fiat directly to bounty hunters.
Hello all members!
I am a bounty hunter, as well as many of you
And I heard that bounty hunters dump the coin price at the ico end.
So I was wondering, if the team doesn't want its coins to be sold on exchange date and thus be dumped, why they reward bounty hunters with their token, not FIAT.
Because they anyway accept fiat for selling the tokens, so the coin won't be dumped by bounty hunters, and bounty hunters are satisfied too.
Because those who need money, they have it, those who want tokens, can buy it at exchange etc.
Because when they are paying for the work of bounty hunters with tokens, they do not need to put information to the accounts department, as they would have had to do if they had paid with usual money.(IMO) In addition, the more people trade tokens, the greater the volume of trades and, accordingly, the interest in the coin. The trouble is not in the bounty hunters, but in the state of the market. In the bull market, dump of tokens by bounty hunters would not even be noticeable.
If bounties will be paid by Fiat money, then the true essence of crypto is useless. That is why we are promoting crypto because we want to use crypto in all aspect. If we accept payment other than crypto, then it's useless to advertise crypto. I know it is convenient, but I don't want to get paid in fiat.
Its not really a welcome idea if you ask me.
Fiat rewards should be made in order to distribute the rewards without dependency to the volatility of the market, bounty campaigns need to be looked as a side job from now on with workers that need to be paid on time.
Hello all members!
I am a bounty hunter, as well as many of you
And I heard that bounty hunters dump the coin price at the ico end.
So I was wondering, if the team doesn't want its coins to be sold on exchange date and thus be dumped, why they reward bounty hunters with their token, not FIAT.
Because they anyway accept fiat for selling the tokens, so the coin won't be dumped by bounty hunters, and bounty hunters are satisfied too.
Because those who need money, they have it, those who want tokens, can buy it at exchange etc.
I think the main reason for each ICO team to pay bounty with their coins is not with Fiat because we work in the cryptocurrency world so the payment must use crypto currency too, because if the payment use FIAT then I'm sure the cryptocurrency can't survive very long.
On the one hand, it would be nice for me to receive payment in Fiat, do not have to follow the listing of the received coin, get nervous, giving it to the stock exchange. On the other hand, payment in Fiat will be at a fixed price, if the coin is promising it can significantly increase in price and then I would be upset if I get a minimum payment.
Jump to: