In the best interest of investors, Bounties shouldn't be paid in Tokens - page 6.

Coyster

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Quote from: Woodie on March 02, 2023, 06:32:34 PM

Going forward in the best interest of investors and the project itself, hope to see "more" bounties being paid with established coins in this industry.

I'm afraid that isn't going to happen, you cannot even blame bounty participants for dumping tokens immediately they receive it, it is because most of these tokens are worthless and even the project owners know it, so to salvage a little profit, the best move is to sell as soon as you have it. Quite a lot of bounty participants don't get paid at all these days, so if you manage to get paid, you have to sell off and gain something at least, it would be quite little, but much better than not getting paid, or holding a token that is a worthless and pump and dump.

Having said that, it costs the project owners nothing to generate their shit tokens and distribute it to participants, most of them have already made their profits before distribution and there is no future for the project afterwards. If they are ever going to pay in established coins, then they must be sure they have created something unique that has an actual utility, and that is something you can't find with all these new altcoin projects.

Scripture

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There are many projects who pays the hunter with Bitcoin while some are still using their own tokens for some reason and the main reason is that, they don't have much budget for their marketing and that's why they are using their own token to reward the participants.

Bounty hunters will always have the choice either to participate or not because campaigns are not forcing anyone to join. I decided only to join a good project that pays using their own token as long as they are legit and they have a good plan for the future, then I believe its worth the risk.

lalabotax

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Many people cosndier that one of the reason why bounty particenpats ebcome the one who make the price of token listed dropped is ebcause theycommonly will sell the rpice however the price.This is sometimes dillema because soemtimes, it is also because of certain inevstors or tactic that are porbbay used, but blaming the bounty participants

seleme

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Quote from: passwordnow on March 04, 2023, 05:43:17 AM

You're right because what's on the mind of the majority of bounty hunters is to dump the rewards in the form of their project's token. Everyone wants to take out their share as soon as possible and as soon as they've received it.
But on the side of these project developers, it's like a surplus to them and that's why they're paying through their tokens. It's like they're paying everyone out of thin air if ever their project becomes successful and if ever it's a failure, they've got nothing to lose but just a part of their supply.

I agree, they just get rid of project tokens that have no value in the short term. Some investors buy from bounty hunters for dirty cheap prices in order to dump on the market when an altcoin rally happens. Unfortunately, not all bounty hunters are patient enough to wait for the right time and then sell the bounty rewards at the highest possible market price. As a final result, bounty tokens are used to decrease the market value of project coins so it is somewhat lose-lose situation for both parties, IMO.

passwordnow

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You're right because what's on the mind of the majority of bounty hunters is to dump the rewards in the form of their project's token. Everyone wants to take out their share as soon as possible and as soon as they've received it.
But on the side of these project developers, it's like a surplus to them and that's why they're paying through their tokens. It's like they're paying everyone out of thin air if ever their project becomes successful and if ever it's a failure, they've got nothing to lose but just a part of their supply.

Dave1

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Quote from: posi on March 04, 2023, 05:19:03 AM

Quote from: Piesel Alt on March 02, 2023, 06:43:07 PM

Thinks of it this way, since the project team can easily mints the coins in whatever amount the wish, it will cost them nothing against paying in dollars or other stable currencies.

-If the team is serious about growing their project, and at the same time paying a reasonable amount as a reward for their promotion via bounties to the hunter, their can as will pay in their token in other to protect the market and possibly dump, they could offer some form of buy back, in that way, the team will buy back bounty allocation from biunty hunters, that way it becomes a win-win for both the hunter and the project itself.

To be fair, the bounty projects themselves are not serious in their project development, their goal is also scam after a while. As far as I know, the amount of tokens for marketing only accounts for 1% of the total supply of the project, so when the hunters sell tokens will not be able to cause the project to collapse, this is absurd.

You are right, they can easily mint the coins in whatever amount they wish, they are just taking advantage of hunters to help them develop the project but don't want to spend money. Projects from bounty campaigns are mostly trash and not serious in project development, if they are really good, they have been noticed and invested by large investment funds.

I agree, but not all projects though are blatantly scamming investors or bounties of their hard earn money or tokens that have to be paid for them. But again, they should pay in their native tokens in the beginning and maybe exchange it later for let's say ETH if they got more investors and their project becomes successful. But the thing with this bounty is that it's like a gamble per se, you join and you are promised to be paid by this x amount that could be equivalent to Y numbers of dollars. But in the end you could lose everything or make a lot of money.

posi

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Quote from: Piesel Alt on March 02, 2023, 06:43:07 PM

Thinks of it this way, since the project team can easily mints the coins in whatever amount the wish, it will cost them nothing against paying in dollars or other stable currencies.

-If the team is serious about growing their project, and at the same time paying a reasonable amount as a reward for their promotion via bounties to the hunter, their can as will pay in their token in other to protect the market and possibly dump, they could offer some form of buy back, in that way, the team will buy back bounty allocation from biunty hunters, that way it becomes a win-win for both the hunter and the project itself.

To be fair, the bounty projects themselves are not serious in their project development, their goal is also scam after a while. As far as I know, the amount of tokens for marketing only accounts for 1% of the total supply of the project, so when the hunters sell tokens will not be able to cause the project to collapse, this is absurd.

You are right, they can easily mint the coins in whatever amount they wish, they are just taking advantage of hunters to help them develop the project but don't want to spend money. Projects from bounty campaigns are mostly trash and not serious in project development, if they are really good, they have been noticed and invested by large investment funds.

MiF

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Quote from: Woodie on March 02, 2023, 06:32:34 PM

I don't know who needs to hear this but after years of being a bounty hunter and keeping a close eye on how bounties are conducted, it's safe to say most projects make the biggest mistake of paying bounty hunters using their native tokens, why do I say so, well bounty hunters don't share the long term foresight as the project to the point of being a hodler to grow with the company but rather see their bounty payment as a service and will sell the tokens for less to get whatever money they can because they owe nobody anything.Of course, for the project to pay using the tokens is cost cutting but if the project is truly slated for the future, paying using non-tokens is a good signal for a strong project.

Going forward in the best interest of investors and the project itself, hope to see "more" bounties being paid with established coins in this industry.

What do you guys think?

You are right mate, i think it is more advantage for the investors if the project will pay stable coin, because most of the project that pays coin will experienced dumping of its coin during the time of distribution, it is because bounty hunter sell thier coin even in a very low price and that will cause a massive dump, and that was very disappointing on the investor side, but if the project is solid i think the price will rise in the few months after it dumps but if the team behind the project look at the investors side they will use stable coin as a payment for bounty to avoid dumping.

ethereumhunter

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Quote from: AakZaki on March 03, 2023, 01:24:42 PM

Quote from: ethereumhunter on March 03, 2023, 08:53:30 AM

It's a strategy of each project to pay participants with their original token so that if something happens to their project, developers still have support in other coins like BTC, ETH, or BNB. But I don't know, we can only guess why they pay their participants with real tokens instead of using BTC, ETH, BNB or even USDT.

This self-preservation is what the developers think about, especially if the project is not successful while they have to pay the participants. Many developers have paid participants with their original tokens but it turns out that the original tokens cannot enter exchanges and instead become fraudulent.

Paying using their original tokens is also a form of promotion so that their tokens are used and get enough volume when listing on exchanges. Another reason may also be that paying with coins like BTC and ETH will cost a lot of funds and it is quite certain to spend on payments. If you only pay using tokens, then when unwanted events such as projects not running, developers will not lose valuable coins like BTC or stablecoins, they will only leave tokens that are no longer valuable. new projects almost all implement payment by token. and the strategy so that there are no crash dumps when tokens are distributed is by scheduling the token bounty distribution when the main investor receives all of their tokens.

Developers have to think about the crash dump problem that almost certainly occurs after the token is released to the market because it has happened to many tokens or coins where after getting a place on the exchange, bounty hunters or investors will quickly sell their tokens or buy tokens while the price is still low.

So far, maybe that's a problem that developers have to deal with so that if something goes wrong, the developer and the team can continue their project using valuable coins such as BTC, ETH, BNB, or stablecoins.

Stable090

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Quote from: Woodie on March 02, 2023, 06:32:34 PM

I don't know who needs to hear this but after years of being a bounty hunter and keeping a close eye on how bounties are conducted, it's safe to say most projects make the biggest mistake of paying bounty hunters using their native tokens, why do I say so, well bounty hunters don't share the long term foresight as the project to the point of being a hodler to grow with the company but rather see their bounty payment as a service and will sell the tokens for less to get whatever money they can because they owe nobody anything.Of course, for the project to pay using the tokens is cost cutting but if the project is truly slated for the future, paying using non-tokens is a good signal for a strong project.

Going forward in the best interest of investors and the project itself, hope to see "more" bounties being paid with established coins in this industry.

What do you guys think?

We shouldn’t blame the bounty hunters for that, we should blame the project owners, bounty hunters are just working to make money, and I don’t think anybody can tell them what to do with there payment after receiving it, most bounty hunters are just working because of money, so the project team should look for alternative so that hunters won’t be dumping there coin, which the best alternative is by paying bounty hunters with stable coin or bitcoin, am very sure they will not be able to dump it. If the project is a very strong one they can distribute there coin atleast hunters won’t be able to dump it.

seleme

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It is best to pay bounty hunters in top coins like BTC, Usdt or Eth unlike just giving some useless tokens that can't be used on exchange unless it is listed on the big crypto exchange. Some exchanges have higher requirements to list so project owners can't make it happen earlier for obvious reasons. Bounty managers may offer project management to pay hunters in low risk altcoins so both parties will be happy without considering market fluctuations, IMHO.

Raflesia

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Actually in this condition I think the condition is still fifty-fifty because apart from thinking about the poachers, we also have to look at the project owners.
The reason they chose to choose token payments aside from making their tokens run, they also anticipate conditions where there is indeed high selling power.
We can't be naive because when we take part in a bounty it doesn't mean that we care about the bounty so indeed to anticipate conditions like this they send tokens because they also don't want to lose from the start.

Wiwo

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Quote from: Yamifoud on March 03, 2023, 04:17:11 PM

You also have that point there OP but project developers use to pay their native tokens because it was a sort of market exposure. They work to list their project tokens to any exchanges just to have them available in the market and make their project alive and tradable. Unfortunately, hunters are also a big factor why losing the value of their tokens after being listed usually, these hunters dump their tokens at cheaper prices without thinking about what would happen to the company that pays them. It is a very wrong practice by most bounty hunters which I see till now.

Bounty hunters have contributed largely to many projects down fall in the market, and at many projects have chosen not to risk the success so at that they never pay. Bounty Hunters and even if they do, they wi either hard the women locked for a long time or even pay a penny that will not be what is agreed by the Contract.

-I have chosen to avoid all the crises from altcoin projects and the incapacity in some cases to participate in them. Marketing bounty is a total waste of time and no serious teams that have plans to succeed will pay millions and thousands of dollars for bounty promotion talking more of talking of paying in stablecoins.

wheelz1200

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Quote from: Woodie on March 02, 2023, 06:32:34 PM

I don't know who needs to hear this but after years of being a bounty hunter and keeping a close eye on how bounties are conducted, it's safe to say most projects make the biggest mistake of paying bounty hunters using their native tokens, why do I say so, well bounty hunters don't share the long term foresight as the project to the point of being a hodler to grow with the company but rather see their bounty payment as a service and will sell the tokens for less to get whatever money they can because they owe nobody anything.Of course, for the project to pay using the tokens is cost cutting but if the project is truly slated for the future, paying using non-tokens is a good signal for a strong project.

Going forward in the best interest of investors and the project itself, hope to see "more" bounties being paid with established coins in this industry.

What do you guys think?

They do that because sending out their own "free" tokens doesn't cost them a cent and provides some possible interest in their project. Most everyone of them are not needed or just a straight up scam so why would the projects owners use "real" value in providing to bounties? They all just want to cash in. That's the trick they are useless. Steer clear amd you don't have to worry about any of that crap.

Yamifoud

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You also have that point there OP but project developers use to pay their native tokens because it was a sort of market exposure. They work to list their project tokens to any exchanges just to have them available in the market and make their project alive and tradable. Unfortunately, hunters are also a big factor why losing the value of their tokens after being listed usually, these hunters dump their tokens at cheaper prices without thinking about what would happen to the company that pays them. It is a very wrong practice by most bounty hunters which I see till now.

Cling18

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Quote from: el kaka22 on March 03, 2023, 03:20:23 PM

Simply put, just like everyone else said, they can't afford to. I mean it is not even about not trusting if their project will be big or not, even if they think that their project will be huge, they just can't afford to pay people in stablecoins for example. Most projects in the world start with very limited funds and that is why they end up paying people in tokens, which allows them to simply spend zero amounts on any of the marketing.

You could just create a token, promise people some free tokens that didn't cost you anything, and they will do your marketing, if you succeed then all of you win together, if you lose, none of you lost anything but time.

It is frustrating for bounty participants to get paid with unvalued coins that they couldn't even trade in the future. After doing all the tasks that they have asked to do, being paid with coins without any value but just volume is frustrating. It is like we are gambling our time and effort in exchange for a coin without an assured value. This has been happening for a long time already but we have no choice but to deal with it. That could be their strategy to save but I admire those projects that are exerting an effort to pay their participants with stable coins.

Bobrox

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I agreed with your ideas about bounties campaign not paid in token and should with stable coins, current bounties campaign I found reward in token allocation above $10,000 each campaign duration more than four weeks. After campaign ended, reward distribution trough bounties campaign token and worth under $10 until small few cent for social media campaign participants.

I think most crazy and Bounty Manager not care about their participants spent weekly report and reward few cent more than four until five weeks duration. Need decision from Bounty Manager not care about your commission only but have looking forward what earn reward from your participants, its realistic working one month with few cent reward only?

el kaka22

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Simply put, just like everyone else said, they can't afford to. I mean it is not even about not trusting if their project will be big or not, even if they think that their project will be huge, they just can't afford to pay people in stablecoins for example. Most projects in the world start with very limited funds and that is why they end up paying people in tokens, which allows them to simply spend zero amounts on any of the marketing.

You could just create a token, promise people some free tokens that didn't cost you anything, they will do your marketing, if you succeed then all of you win together, if you lose, none of you lost anything but time.

Huppercase

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Quote from: Woodie on March 02, 2023, 06:32:34 PM

I don't know who needs to hear this but after years of being a bounty hunter and keeping a close eye on how bounties are conducted, it's safe to say most projects make the biggest mistake of paying bounty hunters using their native tokens, why do I say so, well bounty hunters don't share the long term foresight as the project to the point of being a hodler to grow with the company but rather see their bounty payment as a service and will sell the tokens for less to get whatever money they can because they owe nobody anything.Of course, for the project to pay using the tokens is cost cutting but if the project is truly slated for the future, paying using non-tokens is a good signal for a strong project.

Going forward in the best interest of investors and the project itself, hope to see "more" bounties being paid with established coins in this industry.

What do you guys think?

Most new projects don't have money for marketing, so they have no alternative but to offer tokens as a reward for participants who help them advertise their project, which I don't see as a problem. The only issue I have with bounty programs is the mechanism they use to distribute these tokens. In the beginning, the teams promise a large number of tokens to attract hunters, but if the project does not have good investors, it becomes difficult to pay without the price crashing, leaving the teams with no choice but to distribute the agreed-upon tokens, and the price does crash or even die in the end.

so98nn

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I get your grudge but bounties are meant to market their own products and in fact they pay in tokens because they can safeguard their real money which was /is invested by investors. If they start paying in other tokens then they will have to buy them for real money which they raised from the investor token sales. It will turn around on them if project failed eventually. In addition to this, giving their own tokens will start publishing about it right away. Peeps keep talking about I have this coin that coin and thus it gets marketed that way as well. I hardly think there are any projects who experimented like this and got success at it.

Topic: In the best interest of investors, Bounties shouldn't be paid in Tokens - page 6. (Read 979 times)