Giving away too much quantities of tokens in bounties - page 4.

Kasabus

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Quote from: tycsols on June 04, 2020, 05:48:27 PM

Quote from: Mighty_crypt on June 04, 2020, 02:01:04 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???

It depends on a lot of factors and in the end what matters is the product, use cases and community support, if a project has all these it has high probability of success irrespective of how many tokens were given away by them during their bounty campaigns.

Yes. Even if the bounty project has a lot of tokens to be distributed at the end of the campaign, it might dump at the end of the day but if there is a good promotion done on the project, investors will always see good opportunties to invest in it. Bounty project who has made a good impact to the audience or to the investors are most likely to succeed in the end.

kingzpro

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Quote from: Mighty_crypt on June 04, 2020, 02:01:04 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???

It definitely puts some pressure on the price of the token but i think that the effect will be for short term only and if the ecosystem and use cases of the project are strong it will also has decent demand for their tokens in that case the negative effect of bounty tokens will not be felt that much. Also keep in mind promotions and bounty campaigns are the lifelines and the core of marketing plans of all these projects so forget the myth that these are free tokens it is the rightful reward of bounty hunters that they have earned by completing the tasks, following the rules, spread the word out and put their time, effort and energy so it is well justified.

tycsols

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Quote from: Mighty_crypt on June 04, 2020, 02:01:04 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???

It depends on a lot of factors and in the end what matters is the product, use cases and community support, if a project has all these it has high probability of success irrespective of how many tokens were given away by them during their bounty campaigns.

Kelvinid

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Don't get bothered with that coz it won't significantly affect the price for they are already at nothing. They are just throwing it anyway and probably because they find themselves keeping this shitcoin won't have any sense at all, so they will do this as it might give hopes to the participants. Think this one, you have millions of tokens but zero in market value, this is what it happens. It for sure you got surprised because of the amount but much more surprising how it value in the market which is more shameful to them.

JeffBrad12

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Quote from: Thomas-s on June 04, 2020, 02:56:15 PM

if the distribution of tokens is really very large, then I would not trust these campaigns. but if these are really honest projects and they give away a large amount of money, then most likely your coins will be frozen for a very long time and by the time they can be used you either forget about them or you don’t want to sell them

So what do you mean about large? if you mean about the total allocation and i don't think it will exceed more than 3% to be given to the hunters. Some trusted bounties were even giving less than 2% or it was around 1%. The locked period has already applied to make sure the distribution will not disrupt the condition of the market. That's the reason why the developers were locking the rewards.

XCANA

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Quote from: Mighty_crypt on June 04, 2020, 02:01:04 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???

The simple truth about these sect of bounty campaign those campaign that doesn't get to their final destinations. Some times ago, I participated on a bounty and they paid in their tokens and was in high quantities, at the very end of the tokens, everything was dumped and the tokens as at today is worthless than fiats. Although, MB8 campaign tokens was issued on the ground of high quantities of token but was backed with good project with prospect unlike these bounch of tokens everywhere from scammers.

Innocant

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Sometimes it take 2 or 3 rounds of bounties but the end was not totally be succeed, Most of them are smoothly gone. So feel it scam if thats the way they work and I encountered that kind of bounty always always do promise but in the end they making more reason and always the said a same word soon So we need to be careful if we want a better bounty campaign in these year.

forexandcryptoauditor

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Its the matter of how much token supply any project is having. This decides the capitalization and thus price. One million tokens can be worth $100 and also 100 tokens can be worth $100. I don't see any differences only because of the number of tokens. Its all part of the project's token metrics.

dentolas

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Well, I think it depends a lot on maximum supply (and this would affect the amount that is reasonable to give to bounty hunters for promoting the project)... and there is the innevitable law that high promises are often void... especially in crypto world... in my experience, when the value is high for bounties this means that hunters will never get it, or because the token price drops forever, or because they will not pay hunters, or even because it is a scam

semobo

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Quote from: Mighty_crypt on June 04, 2020, 02:01:04 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???

First impression about these projects are more like scammy because if they wanted to develop their project they will try to keep the token value as stable as possible but if a team is allocating more part just for the promotion means they want to raise money and that's it.

Kezacky

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can you say the project you mean? related to it depends on the token holder, if for the whole then not, because the initial investor has more tokens than the bounty hunter. prize hunters only get a few% of the total allocation of project tokens.

Thomas-s

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if the distribution of tokens is really very large, then I would not trust these campaigns. but if these are really honest projects and they give away a large amount of money, then most likely your coins will be frozen for a very long time and by the time they can be used you either forget about them or you don’t want to sell them

Vishnu.Reang

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Quote from: Mighty_crypt on June 04, 2020, 02:01:04 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???

I would say that bounty hunting is a disrespectful and low-paying job. I'd rather welcome any increase in bounty allocation. Most of the projects have 0.5% to 1% of the total pool allocated for bounties. I would say that at least 5% of the total pool must be allocated as bounty, given the long hours of tedious work the bounty hunters put in to popularize many of these projects.

Iyanu14

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Quote from: Mighty_crypt on June 04, 2020, 02:01:04 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???

Anyway, this might be true to some extent, especially when the project is not good. Much supply at times affect the price because of the dumpers, but the fault is not only that of the hunters. Some projects run airdrops, huge ICO or IEO bonus, huge allocation of tokens reserved for the team and so on. If the supply of a token is really much, that amount that you think is large for the hunters might be around 2-5% of the total supply.

TWW

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Quote from: Psynthax on June 04, 2020, 09:39:53 AM

Quote from: harapan on June 04, 2020, 08:55:39 AM

In my opinion, a large token allocation does not matter as long as it doesn't exceed 2% of the total supply, but in any case the allocation to the bounty is still somewhat less than the bonus received by investors

that means if that was a small allocation too. How big the allocation will also depend on total supply too. Investors are the main target for the project that's why they were putting more bonus allocation.
I think this is something that doesn't need to be discussed.

You are right, actually for a prize and airdrop campaigns only have a small part of the total token available. if counted, the bonus token will be given to investors from the bounty hunter. but sometimes what bounty hunters do by selling tokens together in the market makes investors panic and also sell their tokens, which makes their token market prices go down quickly.

Mianae

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No it wouldn't bring about dump. Compare the token supply with the bounty allocations you will be able to make a conclusion. For instance a token with a 100m supply gives away 1m to Bounty hunters, it is a very minute quantity of the token. Take Hex as an example despite the huge allocation to hunters, price has surged after the bounty distribution.

Psynthax

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Quote from: harapan on June 04, 2020, 08:55:39 AM

In my opinion, a large token allocation does not matter as long as it doesn't exceed 2% of the total supply, but in any case the allocation to the bounty is still somewhat less than the bonus received by investors

that means if that was a small allocation too. How big the allocation will also depend on total supply too. Investors are the main target for the project that's why they were putting more bonus allocation.
I think this is something that doesn't need to be discussed.

Davian144

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Quote from: Mighty_crypt on June 04, 2020, 02:01:04 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???

Very simple, usually a bounty campaign that provides a lot of allocation for bounty participants is a campaign that has a cheap token value, such as the "EZYSTAYZ" campaign with an allocation of 30,000,000 EZY REWARD POOLs, and I see that the price is very cheap in Probit exchange, so I don't think this is the case. a problem for the token value, you can see it here:

https://coinmarketcap.com/currencies/ezystayz/markets
https://bitcointalksearch.org/topic/bounty-detectiveezystayz-30000000-ezy-reward-pool-5242599 (EZYSTAYZ)

and if I may know what campaign you see with a large allocation for bounty participants?

Malam90

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Quote from: Mighty_crypt on June 04, 2020, 02:01:04 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???

You didn't mention the bounty name and their total supply. The ideal percentage of bounty allocation is 1%-3% of the total supply. At present, bounty allocation is not a vital fact as we have been watching bounty means almost free promotion for the project. Maximum project don't pay to hunters hence % is not fact now.

bobyhodob

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Quote from: harapan on June 04, 2020, 08:55:39 AM

In my opinion, a large token allocation does not matter as long as it doesn't exceed 2% of the total supply, but in any case the allocation to the bounty is still somewhat less than the bonus received by investors

I don't think you can underestimate something like that because something small will be a very big problem, without the support of the developers to keep the price of coins in place of exchange then the price will still collapse and make the price of coins fall despite the allocation given for small bounty campaigns.

Topic: Giving away too much quantities of tokens in bounties - page 4. (Read 1319 times)