Topic: FIAT rewards for bounty hunters. - page 14. (Read 1603 times)
indeed the average bounty hunter sells all of his tokens, but not all of them. there is also a bounty hunter that keeps holding tokens until the product releases or until the roadmap has run successfully. but I think it's better for developers to pay rewards with btc, eth or neo (according to the platform they use) rather than fiat money. this is indeed able to avoid token dumped by bounty hunter, but what if ico achievement is not high or just reach soft cap?
Payments in fiat are not possible. Lots of factors influence on this - fiat is regulated by taxes, and as different participants are from different countries, so the taxes are regulated by different governmental institutions and lots of different rules. So it may cause the problem even for lots of participants to get such payments in fiat, even in case to imagine it happens. But the main idea of ICO and cryptocurrency just quite another. So fiat is better for another things.
For the ICO team, rewarding in token means that it is basically free, so they obtain bounty promotion at zero cost since the token has no value at that moment. Rewarding in FIAT or Btc means that the ICO team has to really pay for the bounty services and thus use reserves etc..
What is FIAT? I can always hear it in many places. Is this the meaning of cash? I feel that they are a kind of thing, new people, not very clear.
Your logic of dump is only applicable on the low profile ICOs, strong project are not affected by this shitty things
I think its a fantastic idea. That dumping by bounty hunters had been a problem to this Airdrop/bounty system and also to the ICO investors so if the bounty hunters can be rewarded with Fiat then all these issues can be solved while keep availing the services of Bounty hunters for promotions and marketing stuff.
Yes by the time of ICO ending the prices of token will fall, mainly due to bounty hunters will sell off their bounty rewards. If they give FIAT currency, it's a good Idea but they won't give. There might be some technical issues.
Companies pay rewards to bounty hunters in their coins because they have no other, and in fact for their work bounty hunters get nothing-only wrappers, which can be and will be something to cost if the project starts and will be successful. In order to get paid in fiat just get a job in an advertising agency)))
It's a good idea, but I don't think it's possible at the moment. I doubt that many companies will accept this because most of them just don't have fiat money. That's why they are doing ICO. In addition, this would be disadvantageous for them due to high fees and legal risks.
It will take a lot of resources in sending fiat to every bounty hunters. If they were supposed to pay you in fiat then they will have to give that money from their pockets. This is because they cannot exchange their raised ETH or BTC to fiat as it will break the chain of funds as soon as they convert it to fiat.
This is one of the marketing strategies in the ICO. they pay for crypto from the products they create with the goal of one is to marketing. If you don't like that way then the products they create will not be widely circulated and only investors who want to buy only one wants to have.
I'm sure that the team will have their considerations why They prefer to choose giving their tokens although it is very risky for dumping price after ICO. Well, I have also read about the rewards for bounty hunter that should be in Ethereum as well. I think these two ways are good to minimize the dump coins. Therefore, probably they will think about it. But, in my opinion, in fiat, it will be difficult. But, in ETH. it is much better.
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.
Actually dumped coin from bounty hunters is good for new investors who want to buy the tokens.
But if you want to find a bounty that paid by BTC (which can't you dump), you can go to service section.
Because the project party is very clear that his project is not necessarily successful, even if it will be successful but it will take a long time, so the value of his own token is not clear enough, but the financing of the ether is very certain, it is valuable and will appreciate So they are more willing to hold the ether.
Hello all members!
I am a bounty hunter, as well as many of you
[1]And I heard that bounty hunters dump the coin price at the ico end.
So I was wondering, [2]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.
[2] The tokens they issue literally has no value in the market (until it gets listed in exchanges that is). So they avoid spending bitcoin/fiat/eth/et cetera and essentially made their marketing free. This is used by them in case their project fails.
I think if paid using FIAT they can not take advantage of the price of their own token, so if using token there will be a difference of the price specified by the token sale price.
i still prefer payed with tokens and then send it to my wallet. also funds raise in ICOs will be used in developing their project. price goes down after coins hit exchange because of low in demand. many were selling and few were buying.
this is quite hard for the ICO team that they pay in FIAT. The reason they conduct ICOs is to raised enough funds for the project or concept they want to do, so definitely they dont have cash/fiat to fund those projects. so this is quite imposibble. They can pay the hunters with eth or bitcoin.
Bounty hunters are always accused of selling coins at exchange listing but it's not true for all. Some people keep their coins and wait for price to appreciate well before selling. It would be a good idea if Bounty hunters are paid in eth or btc.
No, most of hunters really sell as soon as they can. But it's not the real problem. The problem is not with hunters, but with coins and their small trading volume. Basically, the supply is higher then the demand, that's why these coins get dumped. It wouldn't happen to a coin with a good trading volume. For example, take a look at IOSt, a project in my signature. It's traded on Binance and many other exchanges, it pays participants every week, but it isn't dumped every week.
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.
from what I learned, the idea of bounty and airdrop is for mass adaption and distribution same like faucet where people can get their share of that crypto and be able to use when they want it.
Also, why would they like to pay in fiat when we are in cryptoworld. idea of cryptocurrency is to be free from using fiat so why would anyone pay or get paid with fiat?!
Also ico token is free on ico project dev so giving them away doesnt cost them at all.
Also, it may seems dumping but did you know that when people starting to trade (buy/sell) the token they actually started to give trading volume to that project making it easiser for the token to be listed to cmc which need 100k trading volume.
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