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Topic: FIAT rewards for bounty hunters. - page 16. (Read 1576 times)

member
Activity: 854
Merit: 21
June 29, 2018, 06:05:34 PM
#65
This topic can be looked at from different perspective, it's a good suggestion that bounty hunters be paid in fiat or ETH to prevent the most likely eventual dump of the tokens when distributed. Nevertheless it should be noted that some projects are highly hyped and bounty hunters actually feel lucky to be able to participate in the bounty as a way to get some tokens for themselves so it would be unfavorable for them to be paid in fiat.
The best way to do this is offer bounty hunters a chance to choose which currency they want to be paid in, with the price pegged at the tokens value during the ico
full member
Activity: 756
Merit: 100
June 29, 2018, 03:03:45 PM
#64
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
member
Activity: 448
Merit: 12
June 29, 2018, 02:30:15 PM
#63
I think you are one of those that believe bounty hunters are the main cause of tge dump of every token that lunches newly on exchange. Which also means you too dump every token you receive. Well, i would say that a project that is well planned and e executed will not dump, even if bounty hunters are involved. I have even seen instances of dumped tokens despite bounty hunters not being paid.
sr. member
Activity: 1316
Merit: 379
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June 29, 2018, 02:27:18 PM
#62
Maybe you should propose an option of fiat payment so that any bounty hunter who wants fiat can choose. 😍
newbie
Activity: 112
Merit: 0
June 29, 2018, 02:22:11 PM
#61
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.
full member
Activity: 308
Merit: 100
June 29, 2018, 02:11:35 PM
#60

Hello all members!
I am a bounty hunter, as well as many of you  Smiley Wink
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 it is a good opinion, but projects would not want to do this considering the facts that they are trying to raise money from ICOS for their project, so if they pay with fiats, it affects their income.

and funy enough, most projects do not pay to list in exchange, they still beg for votes.
Lets all bounty hunters wait, work and see what will be decided about this kind of scenario.
Not all ICO project only wanna be listed for free Smiley. You should know that there are so many good ICO project already get future exchange while their ICO is not ended yet. But there are some exchange that you can get listed by paying but you need to get vote from other member, for example Kucoin is an exchange that almost cryptocurrencies need to get vote to get listed on Smiley
sr. member
Activity: 910
Merit: 257
June 29, 2018, 02:10:37 PM
#59

Hello all members!
I am a bounty hunter, as well as many of you  Smiley Wink
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.
Most of the ICO accepts ETH rather than accepting USD. If they'll pay with USD, they have to convert their raised ETH to USD and then give it to the bounty hunters. It will affect ETH's price in the long run because there are hundreds to thousands of ICOs out there.
member
Activity: 420
Merit: 10
June 29, 2018, 02:06:48 PM
#58
This is the whole point of the bounty, so that projects do not need large budgets.

If you do not want to lose money, when the price of the token falls, then you need to participate in the bounty from stable tokens
legendary
Activity: 2982
Merit: 1028
June 29, 2018, 01:56:40 PM
#57
It makes sense but really I don't think it is going to happen!
There's some bounty who able to pay both ETH and bitcoin instead of paying tokens, but its really rear most of the project now are offering tokens, with how the hunters react really affect the growth of the project it can extend the development since developers need to adjust with those dumped coins from the market, I like the idea with such type of bounties giving the exact fiat amount that will b rewarded to its participants and don't need to wait for the token/coins to reach the exchange.
full member
Activity: 658
Merit: 100
June 29, 2018, 01:52:24 PM
#56
In my opinion, one of the biggest problems in the sector is the devaluation of tokens after the distribution of the bounty campaigns. It happens often and, in order not to damage the blockchain platforms, and those who believed in the project by investing or storing the tokens of the bounty campaign, to pay the bounty hunters with FIAT money in my opinion is an excellent idea
full member
Activity: 448
Merit: 110
June 29, 2018, 01:38:55 PM
#55
The bounty team wont give a singe penny with that kind of work. because it is not their fault when the ICO failed. Better to sell bounty token if the project dont even rich in encore.
full member
Activity: 490
Merit: 100
June 29, 2018, 01:37:51 PM
#54
I guess that's good enough to prevent dumps but will that make the bounty hunter interested? I myself was less interested in the bounty campaign that is paid by using fiat, because fiat prices tend to be more stable and less volatile
member
Activity: 434
Merit: 38
June 29, 2018, 01:33:21 PM
#53

Hello all members!
I am a bounty hunter, as well as many of you  Smiley Wink
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 paying bounty hunters with tokens means for them having people working for free. They don't pay the tokens, since they are the issuers (so basically bounties is free advertising for them). Instead, if they pay them with ETH/BTC or fiat, they have to pay them with real money and so is a cost.
sr. member
Activity: 770
Merit: 250
June 29, 2018, 11:56:09 AM
#52

Hello all members!
I am a bounty hunter, as well as many of you  Smiley Wink
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.
That is indeed a good idea to avoid dumping on the coins.
But not all bounty hunter dumping the coins after they get the reward from bounty.
Some of them keeping the coins for future need.
newbie
Activity: 196
Merit: 0
June 29, 2018, 11:42:08 AM
#51
An interesting thought, I agree that few bounty hunters hold coins, everyone starts selling them. However, I think that it will not be profitable for the developers
newbie
Activity: 67
Merit: 0
June 29, 2018, 11:29:12 AM
#50
One form of reward that gifts participants can receive is a firefighter or fiat currency. They can do much with the prize. And this is a form of concern for all bounty campaign participants.
newbie
Activity: 91
Merit: 0
June 29, 2018, 11:23:43 AM
#49
Bounty hunters do not greatly affect the price of the token. Much more price collapses of the early investors, which have bonuses of up to 50%. Even advisers can dump the price. Not everything is so simple.
full member
Activity: 532
Merit: 107
June 29, 2018, 11:19:58 AM
#48
Well i think it would be great idea, but you have to remember ICO is all about picking up fiat money, so i don't think any ICO will give bounty hunter fiat money, they give away coin because its their own coin, they don't have to pay any money Smiley
newbie
Activity: 94
Merit: 0
June 29, 2018, 11:18:45 AM
#47
I think it's good idea, but I think that FIAT reward will not implemented. I think that BTC or ETH reward which has been widely applied in many bounty campaign. But I prefer token reward, so it's feel like invest in ICO without spend money.
sr. member
Activity: 826
Merit: 263
June 29, 2018, 11:18:32 AM
#46
It makes sense but really I don't think it is going to happen!
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