Giving away too much quantities of tokens in bounties - page 2.

Fesatmas

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Quote from: aioc on June 06, 2020, 10:55:21 AM

Quote from: Mighty_crypt on June 04, 2020, 03:01:04 AM

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???

Thye should know what's going to happen if they allocate more than 5% of the supply, you cannot stop bounty hunters from selling if they want to, they are a marketing arm of the project once you paid them, it's up to them to sell or not, because they've worked for it, developers are giving high quantities of their token to attract more bounty hunters to promote their project.

With an allocation of 5% of the total supply, this can be said to be too big for hunters because if the team cannot maintain prices in the market then there will be no value after the hunters are paid, therefore marketing from the developer must be done as well as possible so that the hunters do not sell their coins simultaneously.

sayulita

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CyberTrade

Quote from: Mighty_crypt on June 04, 2020, 03:01:04 AM

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???

If that project is having a large amount of token supply than they can award huge quantities of tokens in bounty rewards as it won't affect the price of the token that much when it gets listed on an exchange. But for a token with small cap it is nightmare to distribute a large supply in bounties as it makes the market of that token bleed.
Can you please share the link of that project which you are talking about, I will check and give you my comments based on that.

aioc

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Quote from: Mighty_crypt on June 04, 2020, 03:01:04 AM

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???

Thye should know what's going to happen if they allocate more than 5% of the supply, you cannot stop bounty hunters from selling if they want to, they are a marketing arm of the project once you paid them, it's up to them to sell or not, because they've worked for it, developers are giving high quantities of their token to attract more bounty hunters to promote their project.

Jateng

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Well, I don't think the reward for bounty hunters will affect the project,because no matter how much the project team is willing to give as bounty reward just know it usually less than 1% of the total supply and more over they have ways of curtailing the effect of bounty hunters.

I think they always plan how much they will allocate for the bounty campaigns. The amount of token being allocated is already calculated base on the total amount of tokens they will issue. It all matters how much is the total and what is the value of each tokens. Some project issue some guidelines before they claim their tokens, some of it like they will give only 50% for the first round and the duration of the campaigns is really matters if they will not add their rewards for the participants.

Yamifoud

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A lot of them doing the same. Could we think that this can help to uplift their market reputation? Not really, and they give this huge number of tokens as an only exchange for their promotion but never it thinks that it has a huge market value coz it probably you can't appreciate that much.

For newcomers will certainly come into participating like these bounty campaigns because of simply thinking that they could get a lot. But for those who already have the ideas and some bad experience, they simply get ignored. People should think wisely and so there is no time to be wasted.

oli123

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As far as I remember, there are many such bounty programs where there are more rounds in the reward program. There are also a lot of ADs, where they also give out a lot of tokens or coins.
It all depends on the project as it will continue and comes constantly with new improvements. If the project is implemented and successful or will not be in a large market system of cryptocurrencies.

gabbie2010

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Quote from: Mighty_crypt on June 04, 2020, 03:01:04 AM

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???

Allocation of high quantity of tokens to bounty hunter might have been deliberately taken by the team they might have a reason for taking such action bearing in the mind that the percentage allocated to bounty hunters is usually less than 10% a good project will survive the dump even when all hunters dump their tokens.
There are some project who allocated bogus tokens but still survive the bearish market of cryptos having assembly a cracked team that are working round the clock for the success of that project.

BitcoinTurk

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Since the supply amount of the projects, which usually organize such campaigns, is quite high, they also over-distribute in their campaigns on the basis of their own tokens. On the other hand, some projects also prefer to distribute a very serious percentage of the total supply for bounty campaigns. Such projects usually come out either scam or do not reach much value in price. I especially recommend that you do not participate in such campaigns.

skeleto88

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Quote from: VDraci on June 04, 2020, 03:07:59 AM

Maybe the bounties have a massive max supply? A bounty project with 20 billion max supply can easily pay bounty hunters in 1 to 4 billion tokens for promoting their project, I think this is normal, it's certain that such coins will be at the range of 0.003 to 0.0005$, just a guess.

That is what I was thinking too. Those projects that allocate high amount of tokens have billions of total supplies and I bet the price is not as that high as well like any other normal project with only 10-50 millions limited of token supplies. I don't think it is not worth to participates because of massive supplies with no certainty of making it successful.

luckyflop

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Quote from: TastyChillySauce00 on June 06, 2020, 07:54:40 AM

Quote from: Furryball on June 06, 2020, 07:08:54 AM

I'm good with bounties that gives away high allocation to hunters, and if such project hit exchange with good value won't you feel sad for missing out? As a bounty hunter I only care about getting paid and exchanging my tokens for good amount of ethereum or bitcoin.

It's the same like cartesi that has already listed on binance. The amount for bounty allocation was quite good and the price of token is still very stable caused by it has been getting enough liquidity to eat the tokens that owned by the hunters too.
Exchange matters a lot and when it has low liquidity you cant even exchange your token to the native coin.

Luckily for Cartesi bounty participants because the manager used a way to limit the participants. And if they don't limit their participation, I believe that each person will only receive a few cents just like other campaigns right now.

TastyChillySauce00

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Quote from: Furryball on June 06, 2020, 07:08:54 AM

I'm good with bounties that gives away high allocation to hunters, and if such project hit exchange with good value won't you feel sad for missing out? As a bounty hunter I only care about getting paid and exchanging my tokens for good amount of ethereum or bitcoin.

It's the same like cartesi that has already listed on binance. The amount for bounty allocation was quite good and the price of token is still very stable caused by it has been getting enough liquidity to eat the tokens that owned by the hunters too.
Exchange matters a lot and when it has low liquidity you cant even exchange your token to the native coin.

Furryball

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I'm good with bounties that gives away high allocation to hunters, and if such project hit exchange with good value won't you feel sad for missing out? As a bounty hunter I only care about getting paid and exchanging my tokens for good amount of ethereum or bitcoin.

Tomohisa

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Quote from: Mighty_crypt on June 04, 2020, 03:01:04 AM

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???

A massive amount of allocations for bounty isn't an issue. If people see that bounty is good enough, there will plenty of participants to keep the stake of each participant fair and square. If not, people don't have much hope for project and bounty then there will have a low number of participants. Although each of them could get a bigger reward, the real value will be different (inflation, no attention, no interest,...)

istiak2277

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I do not think it matters if that project is really good. The only low-quality project will think like that. The more token you will contribute to the community the more it will get its value. Also, I do not think there are many projects that gave so much token. Sometimes its only 2.5% of total supply and you think that is too much bounty hunters get! I think bounty hunters get too little nowadays.

timmmers

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And now take a look what is the total supply, if you think about it then almost all ICO tokens are highly inflationary. For example they allocate 100 million tokens to the token sale for example with a price 0.1USD for a token, but the token supply is 10 billion dollars, now calculate the future market cap to remain the value 0.1USD per token.

Novatech8

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Quote from: Mighty_crypt on June 04, 2020, 03:01:04 AM

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???

Four rounds of bounty campaigns doesn't judge a thing about how valuable the token will be later on, all the four rounds of campaign will have a certain allocation, that's where you should look for answers, I bet the entire allocation doesn't exceed 1% of the project Max supply

Teraboy

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Quote from: someone703 on June 06, 2020, 01:27:13 AM

Quote from: studio1one on June 06, 2020, 01:02:42 AM

Quote from: Mighty_crypt on June 04, 2020, 03:01:04 AM

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???

Guess you are talking about YOUengine, right? Sometimes project owner runs high reward bounty to attract more participants which indirectly impact the price of the token especially if the token in question has a low supply.

Besides, I also see another campaign that is Koinpro. The budget for bounty is very large, it accounts for 10% of the project's total supply, and if they distribute the token then I believe this project will collapse quickly.

I think so but we will see that if there will be a dump for KOI or not. The dev has already stated if they will be doing buyback for all of the bounty tokens through use the profit that has been getting by the platform.
It can be an example as a project with huge allocation for the bounty.

someone703

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Quote from: studio1one on June 06, 2020, 01:02:42 AM

Quote from: Mighty_crypt on June 04, 2020, 03:01:04 AM

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???

Guess you are talking about YOUengine, right? Sometimes project owner runs high reward bounty to attract more participants which indirectly impact the price of the token especially if the token in question has a low supply.

Besides, I also see another campaign that is Koinpro. The budget for bounty is very large, it accounts for 10% of the project's total supply, and if they distribute the token then I believe this project will collapse quickly.

studio1one

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BintexFutures

Quote from: Mighty_crypt on June 04, 2020, 03:01:04 AM

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???

Guess you are talking about YOUengine, right? Sometimes project owner runs high reward bounty to attract more participants which indirectly impact the price of the token especially if the token in question has a low supply.

dhemasm

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Basically that was of course will affect the token price but as you know it's only around 1%-5% From total supply so i don't think it will affecting the price for a long time, If that token has value for the crypto community and ecosystem it will rising slowly over time due to the many demands, Of course there was some example for some tokens after the bounty distribution process a dump has occurred and cannot recover for a long time but I don't think it's entirely the fault of the bounty hunters or the bounty allocation is too large, it is the duty of the team and also the community to promote use cases so that demand will continue increase.

Topic: Giving away too much quantities of tokens in bounties - page 2. (Read 1302 times)