ICO/IEO projects are lying to airdrop and bounty participants for a long time! - page 6.

LordShanken

sr. member

Activity: 1112

Merit: 256

Quote from: Rodeo02 on December 08, 2019, 08:35:36 AM

Quote from: kaneki007 on December 08, 2019, 06:58:21 AM

Almost all airdrops/bounties are like that to invite many participants who want to join. But i feel sad for the participants who joined because they were lied by the project and when they received tokens from their work thats didn't match their expectations

Agree with this one. Ive been join many airdrop before and the thing really disappoin me is the value of the token after the crowdsale finish. If i know that the value is that small i will never invite many people to participate i wasted my time and effort.

Guys, but it's not that the developers are lying to you. The bounty campaign budget is calculated based on the price at which the token is sold during the ICO. What happens to its price after entering the exchange depends only on the free market.

Rodeo02

hero member

Activity: 1302

Merit: 577

avatar and signature space for rent !!!

Quote from: kaneki007 on December 08, 2019, 06:58:21 AM

Almost all airdrops/bounties are like that to invite many participants who want to join. But i feel sad for the participants who joined because they were lied by the project and when they received tokens from their work thats didn't match their expectations

Agree with this one. Ive been join many airdrop before and the thing really disappoin me is the value of the token after the crowdsale finish. If i know that the value is that small i will never invite many people to participate i wasted my time and effort.

shodik007

sr. member

Activity: 896

Merit: 305

www.thegeomadao.com

Quote from: cheezcarls on December 07, 2019, 02:44:34 PM

Does any of the airdroppers and bounty hunters agree or not with my statement? Feel free to comment here!

as you said it's better but for me personally it doesn't matter if they want to use benchmarks with the final sale price. so far I know that the price is uncertain so I don't feel cheated

Aabcde

sr. member

Activity: 1050

Merit: 256

Totally agree. Maybe it's part of marketing to attract airdropper or hunter hunters to be interested in promoting their project. But in fact the price of ico, ieo does not match the market price, causing disappointment. Yes indeed this is just a matter of word play between 'free $ 10' and free worth of blah blah blah coin. It is trivial indeed, but the impact is very effective on the thought of someone to join or not. Because the reference is the amount of money.

btcdie

sr. member

Activity: 784

Merit: 251

The name of the project is also being promoted, so I think it's appropriate sometimes to save funds, one of the easiest ways to lie against bounty hunters. I think for now being a bounty hunter is not promising and it is very different in 2017. The project is currently desperately managing, in the current bear trend. maybe if next year the bull run really happens, there will be many promising projects, so that investors and prize hunters alike feel the benefits. Roll Eyes

Gi01

full member

Activity: 342

Merit: 110

i agree with what you are saying @OP, most of these projects promise bounty hunters of huge gains and rewards yet as soon as they list on exchanges their coins dump like hell. What irks me most is when amidst all these dumps they decide to hold bounty tokens for quite sometime before listing. This is cruel and makes hunters end up with absolutely nothing.

kaneki007

sr. member

Activity: 1190

Merit: 257

Almost all airdrops/bounties are like that to invite many participants who want to join. But i feel sad for the participants who joined because they were lied by the project and when they received tokens from their work thats didn't match their expectations

LordShanken

sr. member

Activity: 1112

Merit: 256

Quote from: Ozero on December 08, 2019, 01:45:23 AM

Quote from: LordShanken on December 07, 2019, 05:50:29 PM

Quote from: cheezcarls on December 07, 2019, 02:44:34 PM

One thing that I really do not like about ICOs, IEOs, etc., is that they are misleading us for a very long time when it comes to the token price.

For example, there's one airdrop event in which you will receive an amount of tokens worth $10, $20, etc., and bounty rewards which you can get $50 worth of tokens for participating in a signature campaign.

But here's a harsh truth where ICOs and IEOs are lying to us for most of the time.

How can we say if the airdrop or bounty reward is exactly $50 where it can even get dumped in exchanges?

There is no guarantee that the airdrop and bounty tokens we receive are "fixed amounts" (unless if it's a stablecoin or popular one like BTC, ETH, XRP, etc.)

So here is my advice to all ICOs and IEOs when you are doing airdrop and bounty program to participants.

Don't say "$50 worth of tokens". But rather say "$50 worth of tokens in ICO/IEO price", so that people like me may be aware that the reward we get is not what we expect. There is 99.99% chance that the reward we get are going down to shit, and only 0.01% chance that it would actually go to the moon!

So to all ICOs and IEOs please, just stop lying to us about this!

I know most of you here can relate to this situation after so many months/years of participating in airdrops and bounty opportunities.

Does any of the airdroppers and bounty hunters agree or not with my statement? Feel free to comment here!

After all, if it is written that the reward is worth $50, it is obvious that the value is calculated on the basis of the ICO price.
Nobody lies, it's just obvious. Because where do you think this value comes from? From a crystal ball?
And as for the price that will be on the exchange, it sets the market. If the projet is good, then this value may increase. Unfortunately, the current market situation make that this value is usually lower.

And where does the token price come from during the ICO? It is actually arbitrarily set by the project team. And the general trend is just such that no one wants to indicate at least the approximate actual cost of their new token. Everyone looks at each other and continues to indicate an unrealistic price, that is, they lie. Although it is still very difficult to determine the price of a token in the face of tough price dominance of bitcoin and a fall in the price of the cryptocurrency market.

How the token is priced depends on the developer. Whether we agree with how he valued the token he created depends on the analysis of project, total supply, etc.
Of course, many projects takes tokens economics in a very unprofessional or even absurd way, but that is a completely different matter.

Kambal2000

sr. member

Activity: 686

Merit: 257

If you are the owner of the project for sure you want to keep your supporter at least alive as you are in difficult situation and you still want to market your project, so the least thing you will do is to extend your bounty campaign and seek help for hunters as there's no point to give their tokens on time if it has no value and your project was failed, so let's understand and it's up to us if we are going to continue supporting or not.

Winscosinally

member

Activity: 490

Merit: 16

They are not lying to anybody here, every coins have their ICO/IEO price so if teams gives a token value of 1$ and it later drops under 1$ its really not something to worry about, if the project have use case it will reach or even grow over its ICO price, just hold and stay away from shitcoins

Kvalentine

member

Activity: 504

Merit: 25

Its because the project you promoted is a shit project, stop fooling yourself some bounty projects are just garbage tokens, i have learnt my own lesson this year, now i only promote projects that makes sense, they can still fail but better than promoting repetitive project ideas or no real use case projects

Mighty_crypt

member

Activity: 784

Merit: 21

Quote from: cheezcarls on December 07, 2019, 02:44:34 PM

One thing that I really do not like about ICOs, IEOs, etc., is that they are misleading us for a very long time when it comes to the token price.

For example, there's one airdrop event in which you will receive an amount of tokens worth $10, $20, etc., and bounty rewards which you can get $50 worth of tokens for participating in a signature campaign.

But here's a harsh truth where ICOs and IEOs are lying to us for most of the time.

How can we say if the airdrop or bounty reward is exactly $50 where it can even get dumped in exchanges?

There is no guarantee that the airdrop and bounty tokens we receive are "fixed amounts" (unless if it's a stablecoin or popular one like BTC, ETH, XRP, etc.)

So here is my advice to all ICOs and IEOs when you are doing airdrop and bounty program to participants.

Don't say "$50 worth of tokens". But rather say "$50 worth of tokens in ICO/IEO price", so that people like me may be aware that the reward we get is not what we expect. There is 99.99% chance that the reward we get are going down to shit, and only 0.01% chance that it would actually go to the moon!

So to all ICOs and IEOs please, just stop lying to us about this!

I know most of you here can relate to this situation after so many months/years of participating in airdrops and bounty opportunities.

Does any of the airdroppers and bounty hunters agree or not with my statement? Feel free to comment here!

All you have to do is avoid bounties that aren't good enough or you can join bounties that are already listed and trading on exchange, at least you will know the exact amount the token or coin costs on exchange

Stanlo

full member

Activity: 952

Merit: 110

Every coins has their fixed ico price and there is nothing wrong here about this, project teams are humans like yourself and not all of them are pro, those who are pro knows how to avoid dumps when coins hit exchange and teams who aren't that good did nothing

Ozero

full member

Activity: 2142

Merit: 183

Quote from: LordShanken on December 07, 2019, 05:50:29 PM

Quote from: cheezcarls on December 07, 2019, 02:44:34 PM

One thing that I really do not like about ICOs, IEOs, etc., is that they are misleading us for a very long time when it comes to the token price.

For example, there's one airdrop event in which you will receive an amount of tokens worth $10, $20, etc., and bounty rewards which you can get $50 worth of tokens for participating in a signature campaign.

But here's a harsh truth where ICOs and IEOs are lying to us for most of the time.

How can we say if the airdrop or bounty reward is exactly $50 where it can even get dumped in exchanges?

There is no guarantee that the airdrop and bounty tokens we receive are "fixed amounts" (unless if it's a stablecoin or popular one like BTC, ETH, XRP, etc.)

So here is my advice to all ICOs and IEOs when you are doing airdrop and bounty program to participants.

Don't say "$50 worth of tokens". But rather say "$50 worth of tokens in ICO/IEO price", so that people like me may be aware that the reward we get is not what we expect. There is 99.99% chance that the reward we get are going down to shit, and only 0.01% chance that it would actually go to the moon!

So to all ICOs and IEOs please, just stop lying to us about this!

I know most of you here can relate to this situation after so many months/years of participating in airdrops and bounty opportunities.

Does any of the airdroppers and bounty hunters agree or not with my statement? Feel free to comment here!

After all, if it is written that the reward is worth $50, it is obvious that the value is calculated on the basis of the ICO price.
Nobody lies, it's just obvious. Because where do you think this value comes from? From a crystal ball?
And as for the price that will be on the exchange, it sets the market. If the projet is good, then this value may increase. Unfortunately, the current market situation make that this value is usually lower.

And where does the token price come from during the ICO? It is actually arbitrarily set by the project team. And the general trend is just such that no one wants to indicate at least the approximate actual cost of their new token. Everyone looks at each other and continues to indicate an unrealistic price, that is, they lie. Although it is still very difficult to determine the price of a token in the face of tough price dominance of bitcoin and a fall in the price of the cryptocurrency market.

joseyphil82

member

Activity: 742

Merit: 16

Quote from: cheezcarls on December 07, 2019, 02:44:34 PM

One thing that I really do not like about ICOs, IEOs, etc., is that they are misleading us for a very long time when it comes to the token price.

For example, there's one airdrop event in which you will receive an amount of tokens worth $10, $20, etc., and bounty rewards which you can get $50 worth of tokens for participating in a signature campaign.

But here's a harsh truth where ICOs and IEOs are lying to us for most of the time.

How can we say if the airdrop or bounty reward is exactly $50 where it can even get dumped in exchanges?

There is no guarantee that the airdrop and bounty tokens we receive are "fixed amounts" (unless if it's a stablecoin or popular one like BTC, ETH, XRP, etc.)

So here is my advice to all ICOs and IEOs when you are doing airdrop and bounty program to participants.

Don't say "$50 worth of tokens". But rather say "$50 worth of tokens in ICO/IEO price", so that people like me may be aware that the reward we get is not what we expect. There is 99.99% chance that the reward we get are going down to shit, and only 0.01% chance that it would actually go to the moon!

So to all ICOs and IEOs please, just stop lying to us about this!

I know most of you here can relate to this situation after so many months/years of participating in airdrops and bounty opportunities.

Does any of the airdroppers and bounty hunters agree or not with my statement? Feel free to comment here!

How about if you join a very good bounty project that 50$ of token in IEO price can turn 100$ when listed on exchange? the choice is yours to make, many new projects are failing because they end up listing on bad exchange, if they list on top exchange which always have good liquidity it will maintain its value or higher

knuckey

sr. member

Activity: 1260

Merit: 251

When tokens are listed on exchanges for the first time, there are many aridrop recipients, bounty hunters, and even investors to sell their tokens. So this is what triggers the fall in the price of the token and dump cannot be avoided, so the price of the token does not match the price at the time of the ICO or IEO.

Dynamic market conditions, demand and supply are one of the causes of falling token prices, but what is more decisive is the projects themselves, whether they are creating a viable product or not.

boris singer

sr. member

Activity: 882

Merit: 268

Quote from: cheezcarls on December 07, 2019, 02:44:34 PM

Don't say "$50 worth of tokens". But rather say "$50 worth of tokens in ICO/IEO price", so that people like me may be aware that the reward we get is not what we expect. There is 99.99% chance that the reward we get are going down to shit, and only 0.01% chance that it would actually go to the moon!

it is only a sweetener in a promotional sentence, and many investors have understood the meaning of "worth" without connecting it with others. Many are aware that if a coin already has value in the exchange market, there are no guarantees and it all depends only on market movements and the developer's policy in managing distributed allocations.

Nalbo

full member

Activity: 874

Merit: 125

That's a marketing strategy. It's users who should be cautious about what they are doing and should learn more about what they are saying.
A seller would want to sell as much and make as much people advertise for itself. Users should choose what suits than and research about individual project they are advertising for and make a decision.

luppecuppe

full member

Activity: 518

Merit: 102

Market conditions are very bad. I think a rising coin of 50% means you have risen well. In this case, it makes sense to make some sales. Reductions are already expected. It is very important to manage the portfolio correctly. These plans are getting better with times

batang_bitcoin

hero member

Activity: 3080

Merit: 603

I'm not into airdrop nor bounty but I agree with that point. They are pointing their rewards to be worth like that but after the token sale, what's next? dumping of tokens and that makes the price even lower. And if you are into that situation that you can't sell it at that time because of some circumstances you are facing or there's a condition that the bounty makers made and you have agreed, you have no choice.

Topic: ICO/IEO projects are lying to airdrop and bounty participants for a long time! - page 6. (Read 1068 times)