Topic: Giving away too much quantities of tokens in bounties - page 5. (Read 1319 times)
Well it depends on the value of such tokens(market and estimated). In most cases, for such projects, upon listing the actusl price is a far cry from what the team estimates. There's hardly any project willing to give out a substantial amount(fiat value) to bounty hunters.
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
Giving away large quantities of tokens would only become a success story if the project has huge volume on exchange, every team have their ways of dealing with this but most times the team don't care or have too low experience
Firstly, you need to convert this token you consider to be massive to the equivalent price in dollars. You can do this by multiplying the total token allocated for bounty by the price of a token. However, considering allocating huge amount for bounty, from my experience most projects that allocate huge rewards especially now that there a little investors always end up bad for hunters. It is either they do not pay the token fully, they may pay it but end up useless in your wallet without being listed or they change the bounty rules so as to reduce the number of people that will get the token. Most time, project dev use that as a bait for hunters because they know majority of hunters will always look out for bounty with huge reward. However, most time when the bounty get paid, they might lock it to prevent hunters dumping the token.
But I can see ARCS bounty having huge max supply and the token has huge value of 0.33$ per one, the bounty campaign is only giving out few thousands of tokens at around 30k in dollars, to me it's not always about max supply
What do you mean ? And in the end, their budget is only $ 30k, which is quite a low budget for bounty right now and it certainly will not be able to cause a collapse when the token is distributed.
The max I've seen most of the bounty campaign giving their participants is 5% of total supply. Sometimes they allocate the tokens upfront while sometimes they allocate depending on how much the token is being sold. The ones that allocates 5% of total supply beforehand sometimes provide much more tokens than they actually sell. There's an example of project that gave 5% of tokens as bounty while just 2% of the total tokens were sold on bounty while the 93% are left with the team.
But I can see ARCS bounty having huge max supply and the token has huge value of 0.33$ per one, the bounty campaign is only giving out few thousands of tokens at around 30k in dollars, to me it's not always about max supply
What do you mean ? And in the end, their budget is only $ 30k, which is quite a low budget for bounty right now and it certainly will not be able to cause a collapse when the token is distributed.
But I can see ARCS bounty having huge max supply and the token has huge value of 0.33$ per one, the bounty campaign is only giving out few thousands of tokens at around 30k in dollars, to me it's not always about max supply
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 only feel that way that the tokens are much but this is not the case.
All bounties release a cap of 1-5% of token total supply for airdrops and bounties; hence if a token has a supply of 10 bn and another has a supply of 600 million
Definitely, the quantities will be higher than the other.
You have a point, but first we have to look at the supply. If it is in billions be sure hunters to get tokens in thousands. Realistically, I think developers should be looking at how much in $ value they can pay hunters that is achievable. I don't like it when I see bounties with 1$m dollars worth of token to be paid out to hunters, when the project struggles to raise that amount during its IEO. They should come clear 20 - 50k dollars when be fine.
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 bounty allocation looks big because the total supply of tokens is indeed large and usually the bounty allocation is only a maximum of 5% of the total supply. A large total supply might affect the price, but if the project is able to produce a good product, I think the price of the token will continue to increase even though it takes a long time
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 bounty allocation looks big because the total supply of tokens is indeed large and usually the bounty allocation is only a maximum of 5% of the total supply. A large total supply might affect the price, but if the project is able to produce a good product, I think the price of the token will continue to increase even though it takes a long time
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 bounty allocation looks big because the total supply of tokens is indeed large and usually the bounty allocation is only a maximum of 5% of the total supply. A large total supply might affect the price, but if the project is able to produce a good product, I think the price of the token will continue to increase even though it takes a long time
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 they are not scam then they are just really generous. If you would compare the allocation to most campaigns I never seen more than 5% above to give to hunters. Of course it will not happened as the project are still raising funds. Who the hell will give more giveaway if they raised is much lower compared to the value of the money they gathered? It will always depend on the situation.I hate those too many rounds of bounty also if they are extending with such long period of time.
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???
Base on my experiences in the few years of doing a part-time bounty works, those too high bounty token allocation which is more than 5% was ended up nothing! (**It depends on the total supply) most of them are just a bunch of useless tokens after it was listed, and here now in the bounty section, there was a bounty campaign that was offering a 10% bounty allocation of the sold token during the entire ICO period sounds suspicious to me. But anyone can join with your own risk! copper member
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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 you consider the ratio of max supply to the bounty allocated token then maybe the team are focusing there marketing by using token only and not fiat from there pocket. Many project do this kind of method before since its ideal for the team that don't startup cash to cover marketing expenses but they have a really good project idea. There are some investors that still support this kind of project. I believe they usually released the bounty token in tranches and with a gap from the end of ICO to protect investors token price and avoid massive slippage in the price.
I can’t comment personally about the token you are pertaining since you didn't mention it. And my statement above is a case to case basis. Invest at your own risk.
I believe there will come a time where new projects won't have choice but to start paying promoters in USD or other top altcoins, honestly if I can control all bounty hunters in this forum many new projects won't see bounty hunters joining their campaigns
Surely it will never happen, they probably won't bounty implementation because it's not so important to the project. They should use that money to develop their project instead of using it to pay bounty I believe there will come a time where new projects won't have choice but to start paying promoters in USD or other top altcoins,
anyone loves that to happen but why not paying other standard cryptos instead of paying a usd ? we are here in crypto hello .
before many camapigns only pays in eth and sometimes on other top altcoins but right now i rarely see them or maybe the coins that time are still new and not consider as a top coin . so same thing can also happen on new coins that we see on the campaigns nowdays so lets not under estimate them shall we ?
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???
Giving a lot of allocation in the bounty is not only done by one or two projects, many projects do the same thing. This will certainly affect the price of the token when it is distributed, but each project developer has their own way of dealing with it.For example, by distributing in stages or distribution after entering into large exchanges and tokens already have high liquidity, so as not to greatly affect the price of the token.
I believe there will come a time where new projects won't have choice but to start paying promoters in USD or other top altcoins,
anyone loves that to happen but why not paying other standard cryptos instead of paying a usd ? we are here in crypto hello .
before many camapigns only pays in eth and sometimes on other top altcoins but right now i rarely see them or maybe the coins that time are still new and not consider as a top coin . so same thing can also happen on new coins that we see on the campaigns nowdays so lets not under estimate them shall we ?
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