Topic: In the best interest of investors, Bounties shouldn't be paid in Tokens (Read 921 times)

I have 2 opinions :
1. paying using stablecoins (BUSD/USDT)
if the bounty project pays bounty hunters using stablecoins, then that's fine for bounty hunters, because bounty hunters will get paid as promised;
2. pay using the project coin
if bounty hunters get paid using coin from the bounty project, then bounty hunters cannot ensure that they get paid accordingly or sometimes don't even get paid (the coin does not have a price or the price dump from the ICO price), but for the project itself has an advantage, because by paying bounty hunters using coin from the project, then the coin has trading volume on the exchange, even though the price will definitely go down at first, but if the project is good then the price will definitely recover and increase again.

therefore I prefer if bounty hunters are paid using the 50:50 method (50% payment using coin from the bounty project and 50% using stablecoin).

Bounty managers don't usually change their rates unless you are payed on a dollar value of their native token. In short, the number of token would be lesser if the token value rises. Though it can't be guaranteed since not all bounty campaign are handled by reputable campaign managers, some campaigns are handled by the project team members that can change the rules if they want since most of those bounty project rules states that they can change their rules at any given time.

But yeah, it's rare to see a forum member who don't mind to be paid in a native token, most of us here want to have a stable coin or some other altcoin that has a value as a reward.

well i dont mind paid in any currency either native token or stable one, as long they dont cut the rates when native token rise up and they decided to pay with stable one
lol, best interest for them not for sake the rules already accepted in the first sign

Yeah. I understand why projects must pay bounty hunters with their token. It is normal for that, but the challenge these days is that some bounty hunters do not even waste any time dumping their rewards, that's why some are advocating for payment using stable coins.

Bounties would really be normally be paying up with their own native coins rather  than on giving those USDT or BTC or something that has value. Come to think that they are running an ICO on which they cant really be even so sure that they would really be getting funding support. They cant really just that afford on spending up tons on marketing even if they dont know on how this sale would be ending up.This is why as part of marketing and exposure then they would really be running some bounty and it would really be just that so normal that they would really be paying up their own coins as a reward. Its true that no one forces out for those bounty hunters on joining up the bounty because on the time that they had joined a specific program then its impossible that they werent aware that they would be paid up some coins. Its not really just that right that you would really be making out some money or assured thing on dealing up with bounties and its a hit or miss kind of thing most of the time considering on how many projects been launching then it would really be hard on
hitting the bullseye.

Its true that campaigns that paying up BTC or USDT is really hard to find nowadays or getting yourself get selected or in.Criteria is much more higher and selection would really be that more stricter.
If you dont have that good ranking and reputation and merit here on this forum then there's no chance for you to be able to get in one of those things.
This is why if you do thrive for something better then you should work hard for it.

For bounty hunters, getting tokens from a new project for their work has always been a big problem. No matter how much we research a new project, it is impossible to say with certainty not only whether it will be successful, which means bounty hunters will receive real money for their work, but also whether the project itself is fraudulent or simply useless for the market, and therefore its tokens will not be have no future value at all. The problem for headhunters is that the vast majority of these projects disappear from the market within a short time. Therefore, you shouldn’t blame bounty hunters for immediately selling the new tokens they receive. In this case, they at least somehow try to get real liquid money, and not a useless digital record in a wallet. Moreover, more than 90 percent of such tokens completely lose their value in a year or two.

When project pays in his own token, his only expenses are his network fees. Projects spends zero on creating tokens, for him they cost nothing. Payment in stable coins means increased expense on promotion. Not many can allow that from the start. Of course projects can pay in stable coins, but the budget of such bounties would be only few thousands, because nowadays, traditional social media bounties dont make a lot of response or get attention to project. Paying in stable coins will raise a lot of negative noise from hunters, that they will create when they get few USDT for few months of "work". I doubt that project needs that. Dont forget also, that investors can always buy token from hunters for a cheap price. So investors are highly interested that bounties should be in tokens.

In order to pay, they must first have money for it, but new projects do not have money. That's why new projects look for creative fundraising methods, and ICO is one of the first ones in the crypto industry. So projects without money can offer just their tokens, they pay everything with that... at least everything and anyone who is willing to work for that token.

So if you think that new projects should pay for everything with some established coins or stable coins I guess there would be 99% less projects around.

You are right. There's a choice before the bounty Hunter, they weren't forced into these campaigns and they could choose not to involve themselves in these campaigns.

Signature campaigns pay better, and are reliable, but it's very competitive and mostly have limited slots, I guess that's why most Hunter still go back to those campaigns though they know that they may not pay.

That's true. Paying using their native token means less expenses even their project didn't succeed. It's not wise for them to use established coins since it can cost them huge losses if everything didn't go as planned. However, as we know if a bounty is paying an established coins, it's one of an indication for hunters that this particular project is different to others since the team is confident to spend money just to promote their project.

Trust is necessary, therefore by doing this, the dev can gain this important factor for their project. That is the trust of the community here and of course it can attract the potential investors. Even their bounty hunters might gain interest also to support their tokens by investing aside from the reward given to them through established coins.

If the projects are serious and they want to optimize the development of their tokens, the project teams must prefer to pay the bounty hunters with established coins (ex: Bitcoin or USDT). But if you learned the projects deeply, there are many project teams that don't want to spend much money for their marketing/promotion. They pay the bounty hunters with the project tokens because they don't need to spend money. They think it is they best way to reduce expenses during the promotional period.

So, if the project fails to grow, the project teams don't lose too huge money. It is because they don't spend much money for marketing/promotion. That's what I guess, according to many project teams that prefer to pay bounty hunters with their own tokens.

You are right. Bounty hunters can receive their rewards in stablecoins. and they may feel disturbed when the project's tokens are listed on exchange platforms and succeed in establishing a good market value one day. In this case, they will barely miss out on an excellent opportunity that may surpass the gains they obtained from stablecoins. Despite many scam projects in the market, paying in stablecoins is a safe decision for bounty hunters. However, I do not think it will be suitable for the new token project team, who may likely not have sufficient liquidity in stablecoins to pay thousands of hunters. Even if they do so, you will find that the bounty campaign is limited and restricted to a small number of participants, and the marketing campaign may not succeed in the end. Just as bounty hunters look at taking the benefit, project owners also look at their marketing interests that benefit the project and its new tokens without incurring massive costs.

There are many aspects to it. Both ways, paying in stablecoins/established tokens or own project's tokens have pros and cons. If paid a fixed amount in stablecoins, and the project has performed really well, multiplying the coin's value, bounty hunters may feel pain seeing the gain. Having said so, seeing the percentage of projects succeeding, having payment in stable coins or established coins is the best option. This will also showcase more confidence and trustworthiness from the project to bounty hunters as well as the community.

But can you or anyone can force that to happen? Bitcointalk is not a moderated forum so anyone could post anything including in what form they want to pay those people who do certain task for them. This acceptance would really be depend on the user since if they don't like what the campaign pays then they should ignore it. Remember that there are signature campaigns that pays bitcoin and for some people they prefer to choose that since its more rewarding rather than joining on bounty campaigns.

But what's happening there even if they know that to many bounty campaigns doesn't pay well to their bounty hunters but there are still people willing to join and its like they are willing to help those scammers to make their plan succeed. So people should think about it and for me bounty campaign is not a good option to spend your time on.

Though I agree with you that bounties should be paid in stable coin to avoid dump by bounty Hunters who have no plans of holding these tokens. But then, sometimes, the idea of paying with the tokens besides cutting cost is also to increase holders of these token.
But, honestly, it would be better to pay in stable coins.

exactly , it is depending on their  decision and how to manage their expectations and desires.
but best  to have a many chances so better be it.
but how many of them comes to exchange?
actually small part of them are going to and mostly are denied .

This has always been talked about and paying bounties in USD or popular coins is not only beneficial to the bounty participants but also favourable for the team, the coin community and the future of coin overall. There would not be any need for worrying about the price drop due to bounty selling. But still projects are not confident about the future of their own coin and prefers to provide generated coins than sending collected funds.

Not all bounty hunters have the same opinion, and whatever they want is their choice even if they know there is a risk. Others may agree that it's okay for them to pay the project's native token, and for my opinion it's okay to pay me a native token, or one of the top altcoins, I don't want stablecoins or dollars.

Because for me, you can still play the native token once it's listed on an exchange, if you see that the trading volume is good, you can pay back if you have a deep idea in trading. This is in my opinion and I think it is better. And most of the bounty project they promote their own token and that is valid to make their investors see the usage of the token if it is useful.

Most likely getting paid in stablecoins for completing a bounty seems to be impossible. If yes, most likely they will only have a very few stables to allocate to the qualified hunters.

I still remember about a bounty campaign by BMY.Guide where we are paid in BTC, but I am a little too late in completing all of the weeks. Maybe I’ve joined somewhere in the middle of that period.

As for GOLD stablecoin as they have their own token, they have been consistent for a few years in paying bounty hunters that can be exchanged to either BTC to ETH until my signature campaign contract ended with them.

I also remember those golden days in 2017 where bounties are giving us insane amounts of money especially in signature campaigns. That was the turning point for me when I was still broke. It really changed my life and made me who I am today.

hope that there will be changes or implementation of regulations even though it is far from expectations with definite payments such as stable, BTC or others that have value. it will be better and increase the quality of the project. so many times there are many obscure bounty projects that have little big potential.