Topic: FIAT rewards for bounty hunters. - page 4. (Read 1603 times)
I still remember those times when they did not even pay tokens which they did not even have on the stock exchange, but by bitcoin. I think they are the most reliable campaigns. it seems to me that there are no more such campaigns.
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.
Both of these two option are good opportunity for the bounty hunter either paid by fiat or to be rewarded by tokens and both of these two can also be a negative impact to the ICO depending on how this will be manage by the bounty hunter, like for example if the tokens rewarded will be dump after ICO, so this will be causing a price diminishing and if they wants to pay in fiat, so they need more capital allocation for bounty hunters without an assurance the success of the project.
Paying bounty hunters by Fiat and crypto has both its pros and cons. If you pay by crypto then bounty hunters will dump and thus reduce the price of the coin and if they are paid by Fiat, it could burn a big hole in cash reserves of the company and thus affect development.
because ico teams do not have fiat. that is why they launch an ico. they need money to launch their project. so there is no way to distibute fiat to bounty participants. moreover i dont think they would like to spend fiat for bounties even if they have cash.
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 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.
very true and that will make the ico development team not happy with the route they took to raise capital
I think that would not be such a good idea to use the money from their pocket or money from hard cap. Because volume is increasing that way and they bring investors also by giving their coins. Better this way for sure.
I think no one would object if the projects were paid bitcoins for participating in bounty campaigns. Because here the adherents of cryptography gathered mainly.
In the one hand, it is a good idea, because bounty hunters always dump their coins immediately. But on the other hand, it isn`t a nice idea because FIAT rewards will decrease amount of money for implementation of the projects.
Of course, in general, it would not be bad to receive money in Fiat or, for example, in official crypto-currencies, but now it seems to me that crypto-currencies are of great value, will have value after the market starts moving up again.
Your offer is very good, but you did not take into account one thing - no one is absolutely don't care about the bounty hunters. We are a cheap labor force, which is often paid with tokens for two months of work, which cost almost nothing. The situation is critical, but there is nothing we can to do.
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.
This may be a good idea. The dump price of the tokens can make investors lose confidence. This way is to prevent that.
Another way that can be used by the dev to prevent dump is by buyback their tokens that sold with cheap price.
I do not think that the projects will go for this. They are collecting very little money. So the maximum that we can get is their coins.
Bounty hunters are really cause of dumping the token because once they get their bounty reward they sell it so the bounty dump. I don't think if the bounty reward is fiat it's not called bounty anymore. Depends to the bounty hunters if they want to sell their token to get fiat or still holding their token.
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.
they wont do it, because not all bounty hunters dump the coin after receiving there are still someone who holds them. They need to spread their coin to numerous people so that if they do exchange it there will be a volume in the coin's exchange.
The idea is very good, but very few cryptocurrency creators will agree with such conditions. Organizations also raise funds to complete their projects, they provide payments to all teams that work for them with their coins.
I also have problem with listing on stock exchanges. I have coins that have not appeared and are unlikely to get there already. And with every month there are more and more such tokens..
Fiat won't be paid for bounty hunters. Almost every bounty used to pay in terms of their own respective tokens. The tokens can be converted to fiat after it gets listed to the exchanges. This is a long process, for which the token need to be converted to bitcoin or ethereum and then needs to be cashed out.
After all the tradition of paying a bounty hunter with altcoins is something that has happened from the past and that can't be changed quickly. It would be good if bounty hunter get rewards in fiat, but then a project have additional point in do that. Like, increase the volume of trading activity.
FIAT rewards for bounty hunters is not suitable for this kind of industry. The ICO who conducted the project would not probably agree with this. Fiat has its fixed value unlike tokens which are unpredictable.
Fiat won't be paid for bounty hunters. Almost every bounty used to pay in terms of their own respective tokens. The tokens can be converted to fiat after it gets listed to the exchanges. This is a long process, for which the token need to be converted to bitcoin or ethereum and then needs to be cashed out.
You have a good and partly correct opinion, but not all so. If the bounties are paid for by real money, this is also unprofitable for the ISO team, because they are collecting money for the development and promotion of the project. None of the projects will want to do this
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