Giving Out A Lot Tokens For Campaigns Will surely Affect The Market Volatility Values. So Many Projects Failed To Understand This, But All Is Prior To Market Supply And Circulations. Gaimin Made Such Mistakes, Organised Campaigns On Bounty0x, BountyHive, And Bitcointalk Giving Out Million Dollars Worth Of The Tokens To Hunters. I think 🤔 Project Should Give Out Minimum Tokens To Hunters But Tangible And Worthful At End.
Just My Thought.
Topic: Giving away too much quantities of tokens in bounties (Read 1323 times)
Not a good plan of course, once they send out the tokens the supply will rise and when trading starts bounty hunters will dump for pennies which will eventually crippled the value alot, something valuable should be treated valuable
I've seen one or two bounty campaigns on here with massive token allocations for bounty participants, I'm wondering how this won't affect the value of the token, I believe giving away too many quantities of tokens can easily ruin the value of the token, most especially bounties that are doing 4 Rounds of campaigns, what's your take on this???
Dont believe that. Even they offered million tokens for payment, as long its value has nothing its good as no use. There are projects offering a small allocation but their value is more attractive than those offer huge tokens quantity. Its not about the quantity but the quality of the project. Price can change if the project has potential and worth to invest with.Dont pick a campaign with a very long duration period. Time spent on promotions should stick on shorter time than took so many months then resulting to a big joke project.
I've seen one or two bounty campaigns on here with massive token allocations for bounty participants, I'm wondering how this won't affect the value of the token, I believe giving away too many quantities of tokens can easily ruin the value of the token, most especially bounties that are doing 4 Rounds of campaigns, what's your take on this???
I think they are aware on what would happen if they distribute large portion of token for a bounty hunter anyway I think they have plan for it before doing large portion of token aside from that sometimes it was part of their marketing so that many user would join and promote their project so they are not going to pay some marketer. I've seen one or two bounty campaigns on here with massive token allocations for bounty participants, I'm wondering how this won't affect the value of the token, I believe giving away too many quantities of tokens can easily ruin the value of the token, most especially bounties that are doing 4 Rounds of campaigns, what's your take on this???
Bounty is a marketing thing and projects do receive value in terms of viral advertising and potentially investors back as a result of bounty campaign, how can you forget airdrops where millions and millions of tokens are given away just to follow social media and fill a form? I think giving away tokens is a strategy by teams to develop a support community for the project that goes a long way for the support of project and also helps to support and promote the project longterm.
it depends on their maximum supply.. that is why their giving a huge reward in the campaign.. if they have a a small quantity then they will give only a %
In my opinion, if that is the case it don't have a next phase I supposed. Also I think that project have a very trusting team and investors. And the team believe that giving big allocation for bounty hunters is their risk for a great success because lots of hunter will surely join their bounty to promote the project or the allocation for the bounty is not that big for them and they are very confident of the success in their project.
hmmm, though is most case you are right, but on the long run can help the project availability of token sometimes can increase the velocity which make it go viral on the long run increase demand since its well know i.e like token utility which means the more customers start using the tokenized product which can in turn increase real demand for the token, irrespective of market sentiment or investor manipulation. Consequently, utility token prices can often grow exponentially with customer adoption as with bitcoin during its infancy.
though not in all cases oooooo.
though not in all cases oooooo.
If a project that allocates a lot of tokens to bounty hunters, not only that token will drop in price like crazy, but also it would make you worked for nothing of value as well. Think about it, they claim that their coin will be 0.1 cent per coin and they make you work for 5 bucks and you do a retweet for it, not that one retweet should worth anything, you can remove that anytime you want which would be too late but at least you can take it back, and when it hits the exchange everyone including you will start selling it and suddenly the coin now worths 0.1 cents for 1000 of them instead of one of them.
So, why I think even for a bounty hunter it would be wiser if there was another payment method instead of token but even if it is token they should be hiring proper and good people instead of allowing everyone.
So, why I think even for a bounty hunter it would be wiser if there was another payment method instead of token but even if it is token they should be hiring proper and good people instead of allowing everyone.
If those projects you are talking is legit nothing to worry about the value of token they want huge exposure and giving much token means more participants to join and promote your project all over social platforms and crypto related websites the fall of a price is related to project status and usability if its really interesting and has real usecase then even if you spend millions for bounty it will not a problem for the price to fall.
Most of the projects dont have any value during bounties and to promise a lot is the only way to push people participate in it
What do you mean by too much tokens? Don't ever think a project will want to give too much tokens to bounty hunter, they all want to maximize profit,and as such will give what is proportionate to the effort put, sometimes these tokens are even given after investors receive or locked for sometime, in my opinion, I don't think hunters have huge effect on any project considering the amount of the bounty pool.
giving lots of tokens to prize hunters can cause a big dump after tokens are listed on the exchange. Prize hunters usually sell after getting tokens. isn't it like that?
It's not. mostly the hunters were still holding their tokens. So many times their tokens worth nothing and that makes them received nothing as their payment. The dump is not always caused by hunters and so many factors were also creating the dump too
Given huge quantities of tokens during an ICO or IEO promotion doesn't guarantee the tokens success as we have seen projects with such numbers of tokens but ended up with fraud. I think, we should look beyond the quantities and look at the value of the token during the bounties. There's a a bounty project in bounty section that not giving out huge quantities of tokens but the token is listed and there's a possibility of a pump with the token in the future.
This has never ended well for the projects involved. Once a Bounty allocation exceeds 2 to 5% of the total supply of the project tokens, it becomes a problem often times. More so when the tokens are completely distributed to the participants with no locking process initiated or the project lacking the capacity and volume required to handle such allocation in an exchange. Truth is, most bounty hunters will want to sell seeing how they put in great effort during promotions. It is only natural that they should cash out from time to time. Projects lacking in planning willl most certainly fail in the long run.
giving lots of tokens to prize hunters can cause a big dump after tokens are listed on the exchange. Prize hunters usually sell after getting tokens. isn't it like that?
I've seen one or two bounty campaigns on here with massive token allocations for bounty participants, I'm wondering how this won't affect the value of the token, I believe giving away too many quantities of tokens can easily ruin the value of the token, most especially bounties that are doing 4 Rounds of campaigns, what's your take on this???
How many of you are newbies in Bounty world here in crypto?because you seems to be posting a lot these days about the Bounty or Dev or even allocations of tokens a lot now.things that has been gone long time ago because crypto people already knew about their scam activities?
why instead of making this an issue is let your self learn about not joining any project of these scammers so you are not helping them fooling people?
and also instead of spending your time in Bounty why not start learning trading and joining signature campaigns that pays Bitcoin instead.
The thing about campaigns that pay in Bitcoin is that you need to be very careful in picking the right campaign to join. There are many bitcoin payers out there that does not have the right policies when paying the bounty participants. Most especially those who pay thousands - take note not hundreds of thousands, just tens of thousands of satoshi for a months worth of work. That really gives a disservice to the bounty participant. I mean for example with signature campaigns, you have to be well versed to the subject and you need to formulate your responses which really takes a lot of time. After a weeks work you will receive a dollars worth of bitcoin. Really unfair if you would ask me.
You can't judge with the amount of token allocated for bounty, most of all this audio $500k bounty may later turn to $20k worth when the token finally got listed on exchange. Though some project will definitely fufill their promise and buy back from hunters to protect the price of their coin after distribution.
I've seen one or two bounty campaigns on here with massive token allocations for bounty participants, I'm wondering how this won't affect the value of the token, I believe giving away too many quantities of tokens can easily ruin the value of the token, most especially bounties that are doing 4 Rounds of campaigns, what's your take on this???
That's not good, the team should be prepared for a massive dump, once trading starts many bounty hunters will dump those tokens on Exchange unless there are many buyers presently, it's all about the quality of the projects though but giving bounty hunters too many is not a good plan
You shouldn't worry about projects giving millions of tokens to bounty hunters, what matters is how much of the tokens you are able to acquire through the campaigns, the more you get, the more $ you're gonna make, volume and lack of interest are the enemies of new projects, sometimes you get those tokens and you won't be able to sell, make sure the bounty you want to promote will attract investors, that's all
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