FIAT rewards for bounty hunters. - page 13.

Sarobeat

newbie

Activity: 98

Merit: 0

The idea is noble, but it does not make sense for companies - they are engaged in translating Fiat investments into crypto currency, according to the path that you proposed, it makes no sense. Still there are many reasons, for example, for exchanges - they need to increase turnover. So besides ideological, there are also technical reasons. Roll Eyes

BeNBeNfdnzm

full member

Activity: 238

Merit: 100

No ico will pay with fiat for bounty, because they have free tokens of their projects and no need to spend real money ,plus no one really knew how valuable tokens will be. I saw some paid in eth, its more realistic to prevent dumps doing this

RaspoBTC

sr. member

Activity: 1288

Merit: 319

Quote from: husanlarisa on June 27, 2018, 12:23:40 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.

In my opinion that's the wrong logic.
Projects creates an ICO, because they don't have money.
They have an idea and maybe a product and give you the token.
The key is, be careful in the selection of your bounties ;-).

zatteis

newbie

Activity: 81

Merit: 0

This could be great to have a fiat as a reward for your efforts in helping your chosen project to promote it. However, all projects will reject this proposal since they offer tokens because it's literally nothing, it's not even money and this is why there is a lot of different bounty campaigns

adolf512

full member

Activity: 532

Merit: 101

Quote from: husanlarisa on June 27, 2018, 12:23:40 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.

I have not heard that yet! How do you imagine that? There are cases that projects pay a reward in ETH, so as not to affect the price of their own token, but not all bounty campaign participants liked it.

andeonnut

jr. member

Activity: 238

Merit: 2

Quote from: ogabonny on June 30, 2018, 02:20:34 PM

Quote from: husanlarisa on June 27, 2018, 12:23:40 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.

A time will come when bounty hunter will not be in a hurry to dump tokens soon after launch because prices will grow rapidly after listing. That is usually the case in a bull market.

Ya true but that still kinda feels like a long way off. Hope I'm wrong...

castiloros

sr. member

Activity: 770

Merit: 250

the giving of the token in the bounty is also served as marketing. It also aims to market the product to existing ICO token on investors and also the wider community. Indeed for the results then the fiat will be preferred because it is more has a guarantee. but because the ins is also the marketing goals so naturally must be accepted however the result.

Jancuki

member

Activity: 789

Merit: 10

maybe if paying with fiat it requires a large amount of funds, especially if the participants have a very large amount. There is a risk of being paid with an ICO coin, which may be the price of the coin will fall, but I'm sure the team has other plans to deal with it.

Ceballos

sr. member

Activity: 621

Merit: 288

WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN

Its for hunting the bounty hunters:) and usually they hunt bounty hunters.
Manager will say the bounty pool is 1% so we have to re-calculate the pool etc etc. and same scenario will happen.

anilsaini.jaipur

newbie

Activity: 112

Merit: 0

Yes, paying by fiat could be a good option since most hunters dump their coins after the ICO and thus it reduces the price of that coin. But teams will be short on funds for development if they pay using fiat instead of coins/tokens.

Isaremj3

member

Activity: 294

Merit: 11

Hello, the reward a bounty hunter should except is not fiat but the token. However, what he get has a reward from the bounty can be change to fiat. Note and understand very well that their nobody that can reward you with fiat. Finally, given you token is more profitable can the idea of fiat to reward. Your token can be 2x in days.

yatogami

sr. member

Activity: 462

Merit: 250

bvo.trybravo.com

Quote from: husanlarisa on June 27, 2018, 12:23:40 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.

I've seen once that bounty rewards were paid in ETH.
They wanted to be honest with the people who steadily advertised their project for 4 weeks.
But that was because the project managers already knew that their token would lose 40% of its price due to the market drop which happened a month ago.
Now I just can't imagine who would pay extra money in this sharp decline.

ogabonny

newbie

Activity: 102

Merit: 0

Quote from: husanlarisa on June 27, 2018, 12:23:40 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.

A time will come when bounty hunter will not be in a hurry to dump tokens soon after launch because prices will grow rapidly after listing. That is usually the case in a bull market.

Ubrfeh

jr. member

Activity: 238

Merit: 1

Of course , if they paid this year in Fiat, there would be a lot of money from projects than if they paid with their tokens)

WaffleMaster

hero member

Activity: 966

Merit: 546

They use their shitty token to provide a bounty campaign reward because it costs them nothing and foreign spammers in third world countries can make the occasional large amount (for their country) by dumping the coin if it ever makes it to an exchange. Paying in fiat would require them to actually have to pay something instead of offering their irrelevant shitcoin they just made to scam people with.

silver23

member

Activity: 574

Merit: 10

FIAT, thats a bounty campain.
Whats that bounty is still live, i wanna join with that.
Now all my bounty all is nothink.
I wanna gwt a bounty and get a profit.
I need money to my life.

Swenna

full member

Activity: 364

Merit: 106

It is not a good idea to ay bounty hunters with fiat. Why? Because mainly, the reason bounty hunters are aid in coins is because this will help the team increase the demand for the coin, thus, generating a higher value which will benefit both the team and the ICO supporters. Bounty hunters are also the main traders so without the coins, they cannot trade, buy and sell which is important. Second, paying in fiat means that the team wil be giving real money, how will this happen if the coins doesn't have any piaring in fiat, yet. Will they bse the value on its ICO price? Certainly not. This will bankrupt the company.

annajewel100

newbie

Activity: 90

Merit: 0

I think paying bounty hunter with fiat is a good idea and very beneficial for bounty hunter, but it is very harmful for bounty exhibitors, because their goal of holding bounty is to prioritize ICO's success, and to pay bounty with their tokens, as well as promotional introduction

Lab_Rat

hero member

Activity: 599

Merit: 502

Token/ICO management

I think that this is impossible. First of all, this is not interesting for the organizers of the bounty campaigns themselves. After all, they collect money, but do not distribute it. Bounty is therefore organized, because for the ICO this in fact is free.

adrianto1995

full member

Activity: 714

Merit: 160

Hmm, I don't think sure some project want to pay their bounty hunters with FIAT. Because many projects not guarantee will success, and if they paid their bounty hunters with FIAT, If their project FAIL It can affect more loss from their finance...

But I see some of the projects that I found in this forum want to pay their bounty hunters with BTC, I think is a good deal for us. Maybe you can try to find it on bounties subforum in this Forum...

Topic: FIAT rewards for bounty hunters. - page 13. (Read 1603 times)