FIAT rewards for bounty hunters. - page 11.

Sithara007

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Quote from: husanlarisa on June 27, 2018, 01:23:40 PM

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.

The argument that bounty hunters dump all of their coins and thereby crash the exchange rates doesn't corroborate with the available market information. Most of the ICOs devote just 1% or 2% of the tokens for the bounty programs. If the prices can be manipulated with just 1% of the tokens, then I'd say that there is something wrong with the ICO.

bitcoinm3ster

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Quote from: husanlarisa on June 27, 2018, 01:23:40 PM

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.

yep, I also think this thing like you! Some of bounties are locking tokens when ICO ended, but be very little. Because this thing will be not attracted participants on their program, so they accept the difficulty when their tokens is dumped by bounty hunters

royalcrypt

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Every time any ICO finishes and get listed on an exchange, we hear a lot of complaints that bounty hunters are dumping and the price is dropping because of that. I agree with the suggestion that to resolve this problem they should pay bounty hunters in ETH.

twobits

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Quote from: verita1 on July 28, 2018, 09:20:58 PM

Quote from: boyshx on June 27, 2018, 02:51:31 PM

Thats because they dont have money! Well, that is the reason they have the ICO fund raiser. So that they can raise the money for various purposes including the marketing stages. Where as bounty is considered as part of marketing and they always allocate X % of that fund to be given to them. This way they secure rest of the money and dont get into loss even if the bounty hunters dump their token. If they were suppose to pay you in fiat then they will have to give that money from their pockets. This is because they can not exchange their raised ETH or BTC to fiat as it will break the chain of funds as soon as they convert it to fiat. They will be questioned by the banks, regulatory bodies and it would eventually will become very complicated. May be thats why they wont go that way.

Your thinking makes a lot of sense but the bounty hunters always have the worry about the future of the tokens that acquire and many times, ideas come up like this: Receive the reward for FIAT. Volatility is always in the crypto market and is a state that we do not want to be affected for a long time.

And then you need to comply with a lot of restriction and regulation by use the fiat service for your payment. you need to see that from the legal view too. It's so easy to said those projects must created a fiat rewards to the bounty participants but it needs a lot of legal requirement to the project to do that.

gabbie2010

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Honestly the success or failure of a post ICO is not determined on whether bounty hunters dumped their coins it is actually determined by how good the project is, although massive dumping might lead to a drop in the price initially however a prosperous coin will surely pump later, so payment of hunters in fiat not really help in promoting the token.

verita1

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Quote from: boyshx on June 27, 2018, 02:51:31 PM

Thats because they dont have money! Well, that is the reason they have the ICO fund raiser. So that they can raise the money for various purposes including the marketing stages. Where as bounty is considered as part of marketing and they always allocate X % of that fund to be given to them. This way they secure rest of the money and dont get into loss even if the bounty hunters dump their token. If they were suppose to pay you in fiat then they will have to give that money from their pockets. This is because they can not exchange their raised ETH or BTC to fiat as it will break the chain of funds as soon as they convert it to fiat. They will be questioned by the banks, regulatory bodies and it would eventually will become very complicated. May be thats why they wont go that way.

Your thinking makes a lot of sense but the bounty hunters always have the worry about the future of the tokens that acquire and many times, ideas come up like this: Receive the reward for FIAT. Volatility is always in the crypto market and is a state that we do not want to be affected for a long time.

jeromix

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Quote from: husanlarisa on June 27, 2018, 01:23:40 PM

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 is impossible for a team that will reward fiat money on the bounty hunters. As we all know that bounty hunters are coming around the world and we have different kinds of fiat currency. Thus, tokens will be able for the bounty hunters to exchange it for eth and bitcoin so as to exchange with fiat money in their local exchange. This is how bounty reward works best. And aside from that the team need the fiat not the token so probably token is the best reward to make for the bounty hunters.

rohn

member

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Merit: 10

Good question but have you ever thought where to send that? It takes time and more fees if rewards would be sent through fiat. And also it could be dangerous. But if we use digital wallet, it will take a short time to transfer and you can plan on what you are about to do with that, if you were to invest some part of it or withdraw. Also, if they sent you with the current price, you won't be able to hold it for you to gain more profit.

Mr Batman

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Quote from: husanlarisa on June 27, 2018, 01:23:40 PM

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.

the answer is very easy, because we are working on cryptocurrency then we will be paid with cryptocurrency and if bounty make the ICO price down it is wrong, because the allocation for bounty is only 0.5-5% and that is not possible with such a small allocation could make ICO price down .

sussan

newbie

Activity: 55

Merit: 0

The idea of receiving instant payments is a good one, but if the projects had money to pay bounty hunters then they might as well skip Ico.
Besides I dont think bounty hunters are responsible for price drop. It is the early buyers who are already in profit with Ico price and huge discounts that are responsible

geraldozack

newbie

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na minha opiniao se o projeto for forte ele vai valoriza nao vai ser os caçadores de recompensa que vai derruba o projeto

Reid

hero member

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No can do.
Where do you think they will get that money from?
They are doing ICO to raise funds and they cannot just take it out once some investor came in and buy tokens from them.

They pay their own tokens for the purpose of spreading it also. Not all bounty hunters will sell, some of them will buy more. Why? They fell in love with the project by knowing more about it thru bounty. That is one good purpose of having a bounty also.
It aint just about the money.

Roklepj

newbie

Activity: 35

Merit: 0

I think its an awesome thought. That dumping by abundance seekers had been an issue to this Airdrop/abundance framework and furthermore to the ICO speculators so if the abundance seekers can be remunerated with Fiat then every one of these issues can be unraveled while continue benefiting the administrations of Bounty seekers for advancements and advertising stuff.

Apiapik

newbie

Activity: 210

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I think it would be a very complicated process for the team to send fiat money to reward the participants. Much easier to send their coins as gifts, or maybe they can send Ethereum or Bitcoin to those who want it.

Nakedbitcoin

newbie

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Merit: 0

Quote from: husanlarisa on June 27, 2018, 01:23:40 PM

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.

Your Idea is great, but I don't think so the developer of the ICO will agree with this proposal, because the developer has promoted their own product tokens and also the they support the digital money currency.

ACTrend

full member

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I think that projects are not profitable to pay for generosity in cash. In addition, it is impossible within the framework of the ICO. A good project will not be at a loss from sales of generosity. And those projects that are not going to develop, it is even better for them to pay for their generosity with empty tokens.

Rengga Jati

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I will really agree with this. But, I don't think that the ICO developer will do this. For, they will not take the risks and they want to grow their tokens through the bounty hunter. Some ICOs sometimes offer the Ethereum as the rewards for the bounty hunters to reduce the dump price.

batang_bitcoin

hero member

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There's so much ideas that are coming to your mind.
These bounties will never pay you with fiat because they will pay you with their own created tokens that doesn't have value in the first place. It only gets value if its listed to an exchange.

Ciucas

member

Activity: 266

Merit: 10

ICO's ussually collect Bitcoin or Ethereum through their token sale, not fiat money. I think that it would be a very complicated proceduce for the team to send fiat money to bounty participants. It's much easier to send their coins as a reward, or maybe they could send Ethereum or Bitcoin for those who want so.

huanglui

sr. member

Activity: 529

Merit: 250

Your FIAT reward will be much less than ordinary bounty reward. It is ine of the reason why team decide to pay their tokens

Topic: FIAT rewards for bounty hunters. - page 11. (Read 1576 times)