IS IT A SIGN OF FAILURE OR Scam? | Bitcointalksearch.org

rdewilde

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Quote from: upyem2k on September 12, 2019, 10:39:31 PM

I have seen series of signature bounty campaigns that make their payments in bitcoin and ethereum for people of high ranks in the forum to wear their signature code, avatar and personal text.
These people of high ranks are sometimes seen by the newbies as the experts who can only or mostly campaign for projects with great potentials. The project teams seems to also believe this to the point that they pay them in bitcoin or ethereum in believe that those high rank members wearing their signature codes will attract investors for them.
Some of these projects end up being a waste of investors' funds and times.
Now my point is, if the high rank signature hunters really believe a cryptocurrency project will be success, why don't they accept it as payment? Does it mean they already foresee that the token will end up being a shit in the end?

KONOIS (KON) token is an example of such projects

Every team decides the type of bounty they want, while some will go for signature, some will go for various campaigns while some might stick to only YouTube, it all depends on the type of result they want. Also, just like the team decides the type of bounty they want, they also decide the mode of payment. Thus from all these, it can be seen that the participants in each case only conform to what the team wants. And lastly, no bounty participant can really forsee the success of any project as they only spread the word while the team either continues to develop the project or exist scam.

cryptoperkele

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Quote from: upyem2k on September 12, 2019, 10:39:31 PM

...
Now my point is, if the high rank signature hunters really believe a cryptocurrency project will be success, why don't they accept it as payment? Does it mean they already foresee that the token will end up being a shit in the end?
...

Some of them believe what they advertise, but i haven't seen anyone advertising pure scams either. So i guess they have more standards to hold.

ralle14

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I looked for Konois' bounty and nothing came up. I was one of the high ranked users who participated on Konios' bounty campaign before and didn't received anything when it finished. The problem is mostly on the project or terms of the bounty rather than the people who advertise the project. Higher ranks do get more but if it's not effective, the managers could simply reduce the pay rate and allocate the budget somewhere else. The same results can also be seen with other campaigns which is why most of them only lasts in less than a month.

Mysteryla

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Forum account holders running signature campaign do not have the power at least for now, I cannot say of the future, to determine in what form they should be paid. The decision is left with the team. So bounty hunters, whether high ranked or low ranked only have the choice off opting for such project or not. Of course, the team also know that bounty hunters will prefer to be paid in an already established coin.

serjent05

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Quote from: Metall303 on September 15, 2019, 01:30:35 PM

Quote from: ?? on ??

Konois was a shit project from its beginning. But they offered the highest paying bounty in bitcoin, so some high-rank people wore their signature code. But KON was totally disappointing, they play with us by mentioning the highest paying bounty when they had no fund at all. Therefore It's not about rank, it's about money. If someone offers you a high payment with their average project (not a scam), you will do that gladly, as people did in Yobit signature campaign!

I think everyone would do it. 99 percent of bounty hunters participate in campaigns because they want to make money, and not in order to promote the project

Well they are paid to promote the project by wearing signature and payment comes after the work. Signature participants are people who participate in forum discussions, they will be posting stuff even without the signature in their sig space and projects that wanted to spread awareness about them in a forum invites these people to participate in their campaign by renting their signature space. Whether they wanted to promote the project or not once they accepted the job, they have to promote them else they will be unpaid or worst disqualified.

Metall303

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Quote from: ?? on ??

Konois was a shit project from its beginning. But they offered the highest paying bounty in bitcoin, so some high-rank people wore their signature code. But KON was totally disappointing, they play with us by mentioning the highest paying bounty when they had no fund at all. Therefore It's not about rank, it's about money. If someone offers you a high payment with their average project (not a scam), you will do that gladly, as people did in Yobit signature campaign!

I think everyone would do it. 99 percent of bounty hunters participate in campaigns because they want to make money, and not in order to promote the project

RealMalatesta

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You are the one seeing it this way, is it not what they offer them that they will accept and moreover, they are like workers, and it is just like the project developer hire them, and if they hire them, they have to pay them in currency that the worker is okay with, it is just the bounty hunters that does not have policy and there is no coordination among us.

If we always insist that we should be paid too in Ethereum or bitcoin, because we are working for them and have no business with the token, we cannot be doing familiarity when it comes to business and work, if we had stand on our ground and not participate until they pay with bitcoin, they would have shifted their ground, but the issue is lack of coordination.

If I failed to participate now, you will see another person accept, but for high ranked officers, they already have their policy and you see as if they speak with one vice when it comes to payment, they are not desperate about the project which they would reject any that fails to Pay them in the currency that they want.

Mahanton

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Quote from: upyem2k on September 12, 2019, 10:39:31 PM

I have seen series of signature bounty campaigns that make their payments in bitcoin and ethereum for people of high ranks in the forum to wear their signature code, avatar and personal text.
These people of high ranks are sometimes seen by the newbies as the experts who can only or mostly campaign for projects with great potentials. The project teams seems to also believe this to the point that they pay them in bitcoin or ethereum in believe that those high rank members wearing their signature codes will attract investors for them.
Some of these projects end up being a waste of investors' funds and times.
Now my point is, if the high rank signature hunters really believe a cryptocurrency project will be success, why don't they accept it as payment? Does it mean they already foresee that the token will end up being a shit in the end?

KONOIS (KON) token is an example of such projects

You just only side advertising that KONOIS token you been talking on. Grin

Its not like just advertisers doesnt like their token but we all know that people will always prefer on receiving a coin that do have a value or somehow dependable not like on receiving
their tokens which doesnt have any value even if they do tend to advertise it.No one will work for a task that hasnt any clear signs on getting paid or do get up some money afterwards and thats the fact or the reality.If you do show up some concern on the project then its your choice but dont be surprised if you do end up on recieving shit tokens and hoard them on your wallet and ending up on wasting your precious time and effort.

joybella

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Well the reason behind the mode of signature campaign payment in liquid tokens is as a result of lack of uncertainty of the price or value of the new project. I would suggest every bounty pays with liquid tokens if they really want some marketing.

gunhell16

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This is not new, Before there are so many bounties being paid in BTC and ETH.
This is not about the success or the trust. Being paid with BTC or ETH is a good thing to have as you dont need to wait for exchanges.
This will also boost the morale of the project, This means that the team are so sure and trust in their future and market that is why they don't want to pay wit their tokens.
The community of bounty now also not in good shape as there is so many scam project. this is good insurance of being paid for your work.

poornamelessme

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Although it's already been mentioned by others, I also want to point out that participants don't have a choice as to what coin they are paid out in. If a campaign pays in ETH/BTC, that's it, there is no choice, participants have to get paid in those coins. Of course folks could choose what campaigns to take part in, say choose a different campaign that pays out in tokens instead, but it's typically way more risky.

And the whole bear market thing plays a big role too. So many new coins nowadays don't even really get off the ground. At least when being paid in btc/eth, there is much less risk of wasting your time.

serjent05

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Quote from: Red-Apple on September 14, 2019, 07:15:23 AM

actually it is because the high rank members have been around longer so they have more experience. these users know that the shitcoin these developers want to pay them in is worthless and a lot of hassle to dump for something valuable like bitcoin or fiat. so they will never join these shitcoin campaigns unless they are paid in bitcoin which is why they have to pay them in bitcoin otherwise they can only get newbies to advertise for them.
and no THIS is not t he sign of failure or scam. the project itself being shitty and useless is the sign of it being a failure and scam.

Aside from that higher rank member can display the needed information more than those who are at the lower rank. Heroes and Legendary can wear signature with more appeal on the eye since more option for signature design is enabled in this rank.

Quote from: upyem2k on September 12, 2019, 10:39:31 PM

Now my point is, if the high rank signature hunters really believe a cryptocurrency project will be success, why don't they accept it as payment? Does it mean they already foresee that the token will end up being a shit in the end?

KONOIS (KON) token is an example of such projects

It is not the bounty hunters call on what payment they will receive. It is the project owner who offers these participants that kind of payment and participant just decide whether they apply or not. There are lots of signature bounty hunters that accept token as payment, you can look at the altcoin bounty boards for the proof.

LogitechMouse

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Quote from: upyem2k on September 12, 2019, 10:39:31 PM

Now my point is, if the high rank signature hunters really believe a cryptocurrency project will be success, why don't they accept it as payment? Does it mean they already foresee that the token will end up being a shit in the end?

KONOIS (KON) token is an example of such projects

They don't foresee it but they are just predicting and making what happened in the past as a basis of it. Most of the bounty hunters right now doesn't care about the project but they only care about the money they can get from it and that is the truth

that is why most of the bounty hunters choose to sell their reward immediately after listing on an exchange. They don't accept it as a payment because what they want is the token has a value immediately. This is why most of the high ranked hunters choose signature campaign that pays Bitcoin or any altcoin that has a value already.

aemma

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Signature participants are just there to help promote the project to a wider audience, thus setting the project on the path to success; while on the other hand, the overall success of that said project depends on the team and their readiness to develop the project. Also, signature participants do not decide the token or coin they are paid with, that's for the team to decide. Therefore, in all sense, signature participants do not determine the overall success of any project also, paying them with major cryptocurrencies do not mean they are aware the project will scam but still going ahead wearing the signature just to attract investors whom will be scammed thereafter.

target

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Its all because everyone has their own belief of what could happen and most high ranked users see BTC to be the best of all coins. Tokens like KONOIS will be received by hunters who will dumped just after receiving it and move on to trade in BTC/USD and not on KONOIS/BTC, in short KONOIS will just be dumped for BTC.

Not a sign of failure but if the project like KONOIS will be developed further, it can have good price i usd which all will be using. IT may be dumped but its not the end. The team has all the time in the world to prove they are not scam.

Ucy

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Quote from: upyem2k on September 12, 2019, 10:39:31 PM

I have seen series of signature bounty campaigns that make their payments in bitcoin and ethereum for people of high ranks in the forum to wear their signature code, avatar and personal text.
These people of high ranks are sometimes seen by the newbies as the experts who can only or mostly campaign for projects with great potentials. The project teams seems to also believe this to the point that they pay them in bitcoin or ethereum in believe that those high rank members wearing their signature codes will attract investors for them.
Some of these projects end up being a waste of investors' funds and times.
Now my point is, if the high rank signature hunters really believe a cryptocurrency project will be success, why don't they accept it as payment? Does it mean they already foresee that the token will end up being a shit in the end?

KONOIS (KON) token is an example of such projects

Well, this is ethics based question which many will fail in reality due to greed. Greed blinds people from truth or from doing what is truely right.
To be honest, if most people knew that what they promoted in the past were unserious or substandard projects, they mostly likely would not have promoted them. The problem is that it's quite difficult to thoroughly research through lots of projects before settling for one or few quality ones.

They probably preferred to be paid in Bitcoin or top altcoins due to how long it takes to list new projects on exchanges and they also fear the new coins could get dumped. Ofcourse being dumped doesn't really mean a project is bad.

fortunecrypto

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There's no guaranty that if developers are paying Bitcoin or other tradeable coins that they are a legit project but it's a good strategy for Konios, they want as many high-rank members to join their campaign because this means that they are trusted by hig rank members, many high rank members are now on gambling sites, which Bitcoin and Ethereum.

mcnocon2

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Quote from: upyem2k on September 12, 2019, 10:39:31 PM

I have seen series of signature bounty campaigns that make their payments in bitcoin and ethereum for people of high ranks in the forum to wear their signature code, avatar and personal text.
These people of high ranks are sometimes seen by the newbies as the experts who can only or mostly campaign for projects with great potentials. The project teams seems to also believe this to the point that they pay them in bitcoin or ethereum in believe that those high rank members wearing their signature codes will attract investors for them.
Some of these projects end up being a waste of investors' funds and times.
Now my point is, if the high rank signature hunters really believe a cryptocurrency project will be success, why don't they accept it as payment? Does it mean they already foresee that the token will end up being a shit in the end?

KONOIS (KON) token is an example of such projects

We are in a bear market, almost 80% of projects dont succeed and some of their token became shitcoins when they get listed. Mostly high ranks accept bitcoin and ethereum as a payment to assured that they will get profit in doing signature. However, there are still high ranks who choose projects token for payment for their signature campaigns.

Red-Apple

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actually it is because the high rank members have been around longer so they have more experience. these users know that the shitcoin these developers want to pay them in is worthless and a lot of hassle to dump for something valuable like bitcoin or fiat. so they will never join these shitcoin campaigns unless they are paid in bitcoin which is why they have to pay them in bitcoin otherwise they can only get newbies to advertise for them.
and no THIS is not t he sign of failure or scam. the project itself being shitty and useless is the sign of it being a failure and scam.

adzino

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Quote from: upyem2k on September 12, 2019, 10:39:31 PM

I have seen series of signature bounty campaigns that make their payments in bitcoin and ethereum for people of high ranks in the forum to wear their signature code, avatar and personal text.
These people of high ranks are sometimes seen by the newbies as the experts who can only or mostly campaign for projects with great potentials. The project teams seems to also believe this to the point that they pay them in bitcoin or ethereum in believe that those high rank members wearing their signature codes will attract investors for them.
Some of these projects end up being a waste of investors' funds and times.
Now my point is, if the high rank signature hunters really believe a cryptocurrency project will be success, why don't they accept it as payment? Does it mean they already foresee that the token will end up being a shit in the end?

KONOIS (KON) token is an example of such projects

Compare the signature worn by a newbiew or junior member, with the one worn by higher rank people. They are totally different. Hence they get paid more. Higher rank signatures tend to attract more user attention, while lower rank signature easily gets ignored or missed with the posts. The would be totally stupid to pay all the rank the same payment.
Everyone prefers to get paid in BTC or ETH rather than getting paid in tokens. The advertise for the project. The project being successful or not is none of their business unfortunately.

#Darren

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Bounties that are paying in ETH, BTC or in stable coin have a huge advantage in front of those that are paying with their own tokens. When this token goes live, nobody would be able to dump the price, so in my opinion it is a very smart decision.

libert19

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Quote from: upyem2k on September 12, 2019, 10:39:31 PM

if the high rank signature hunters really believe a cryptocurrency project will be success, why don't they accept it as payment? Does it mean they already foresee that the token will end up being a shit in the end?

They promote for the sake of promotion. Wearing signature does not mean they themselves believe in it.

Celebrities endorse plethora of brands, that doesn't mean they personally use it.

It's end user who need to do due diligence.

Regarding payment in BTC/ETH vs token, established currencies usually get more attention since they are bound to have value, and which way to pay is decided by project not the hunters/promoters.

coinswebid

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Quote from: tanjiran on September 13, 2019, 07:36:15 PM

Quote from: glendall on September 13, 2019, 07:29:03 PM

what you mentioned are only estimates and assumptions, one example is not enough to be saple in conducting research and making conclusions,
payment with BTC or ETH will have many enthusiasts because it is rare, and also no need to wait to enter the market to sell it because it is already registered in many places.
so in my opinion it's natural and there's nothing wrong.

Yes, you are right. Bounty that gives a BTC or ETH reward is not a sign that the token of the project is worthless. It could be that as one strategy to attract the interest of bounty hunters to join them. It can also be a strategy to collect quality bounty hunters on binding conditions.

a bounty project that gives bitcoin or ethereum as the reward is a big sign if the project has enough fund from the beginning
and not all new project has enough money from the beginning my friend,

ethereumhunter

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Quote from: tanjiran on September 13, 2019, 07:36:15 PM

Quote from: glendall on September 13, 2019, 07:29:03 PM

what you mentioned are only estimates and assumptions, one example is not enough to be saple in conducting research and making conclusions,
payment with BTC or ETH will have many enthusiasts because it is rare, and also no need to wait to enter the market to sell it because it is already registered in many places.
so in my opinion it's natural and there's nothing wrong.

Yes, you are right. Bounty that gives a BTC or ETH reward is not a sign that the token of the project is worthless. It could be that as one strategy to attract the interest of bounty hunters to join them. It can also be a strategy to collect quality bounty hunters on binding conditions.

And the strategy is working good to the participants, and many of us already join in the campaign. It will help the project to reach their goals in the future because they want to get as many people as they can from the campaign. Besides that, I think that will not be the sign if the project will be a scam because the scam will only happen if the project doesn't pay the participants or there is something wrong inside the project.

tanjiran

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Quote from: glendall on September 13, 2019, 07:29:03 PM

what you mentioned are only estimates and assumptions, one example is not enough to be saple in conducting research and making conclusions,
payment with BTC or ETH will have many enthusiasts because it is rare, and also no need to wait to enter the market to sell it because it is already registered in many places.
so in my opinion it's natural and there's nothing wrong.

Yes, you are right. Bounty that gives a BTC or ETH reward is not a sign that the token of the project is worthless. It could be that as one strategy to attract the interest of bounty hunters to join them. It can also be a strategy to collect quality bounty hunters on binding conditions.

glendall

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what you mentioned are only estimates and assumptions, one example is not enough to be saple in conducting research and making conclusions,
payment with BTC or ETH will have many enthusiasts because it is rare, and also no need to wait to enter the market to sell it because it is already registered in many places.
so in my opinion it's natural and there's nothing wrong.

kawetsriyanto

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Not at all, most projects that pay the members of signature bounty participants are commonly successful. and they are commonly the coins that have been already used for the real use case. Basically, it is not about the coin of them to be paid for the participants. It is about the appreciation for the selected participants to get the rewards on BTC or ETH because they will be more interested, but it doesn't mean that the coins are scams. I have joined this kind of signature campaign and mostly they are successful. And to be one of the selected participants of those signature campaigns with ETH and BTC payment, we must compete highly, the rule and regulations are more strict, and only the qualified members are chosen.

samcrypto

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Signature hunters wanted to received bitcoin as payment because that’s already a profit for them and they want to be sure that they get the right payment but it doesn’t mean that the project is a failure or a scam. Many signature campaign succeed even if they paid using bitcoin so I believe if the team is making a good coin they will succeed.

poornamelessme

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It's not a sign of either. If anything, it means the campaign team at least has some money to start with, as otherwise they couldn't pay out in btc or eth.

But it's not a sign of being a failure or scam regardless. Folks who do campaigns for btc or eth simply want a guaranteed payout. And devs figure they can get better participants that way.

Whether the project is good or not isn't really related. I have done token bounties in the past ... ages ago they could be very profitable, some paid out more than 1BTC each. Nowadays most are just be happy to get anything at all. I've also done some previous bounties where the campaigns closed up shop early and didn't give participants any coins. So from a participant standpoint, getting coins with a set value and guaranteed is a much safer way to go.

retnoanjani

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Quote from: upyem2k on September 12, 2019, 10:39:31 PM

snip~
Now my point is, if the high rank signature hunters really believe a cryptocurrency project will be success, why don't they accept it as payment? Does it mean they already foresee that the token will end up being a shit in the end?

It can't be concluded that way either. BTC and ETH already have power in the market, bounty hunters tend to choose it because of the guarantee that the reward they will get is more valuable. Whereas rewards in the form of tokens from a project have two possibilities: if the project is good and is accepted by the market, the price will increase, on the contrary, the reward obtained is not worth the work if the market acceptance is not optimal. Remember friends, cryptocurrency is full of unpredictable things, it could be a token that is considered worthless instead of a pump.

Teawhalee

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It’s not about having high rank that make them to be paid on bitcoin or ETH ! Even low ranked individuals are also paid in bitcoin . It all depends on what the project team wants to offer as reward ! Either it’s their nature token or bitcoin and ETH payment !

sandra_x

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It takes some level of significant contribution and time to achieve higher ranks in the forum.The choice of payments in bitcoin or ethereum is a matter of preference as they are readily tradable to other tokens, instead of waiting endlessly for tokens to he listed. Also, not all failed projects are scams,some simply were launched when the market was not ready for it and as such failed

tippytoes

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Quote from: Chuky92 on September 13, 2019, 05:16:21 PM

With these reasons stated by you, I don't think it's tangible enough to grade a project either failure or scam. Ever since inception, it is the team or developers that always decides what to pay participants not the other way round. I have seen a project thats paid in USDT because they are yet to mint their own coin thus also using that avenue to maintain their platform, I think that project is Probit exchange, if am not mistaken. In addition, the success of any project greatly depends on the team because bounty hunters only helps to spread the word about the project while it's left for the team to fulfill what they promised.

What more can I say? It is the bounty hunter's prerogative if he will join in a btc or eth-paying campaign or token paying campaigns. Bounty hunters are not the major contributor in the fate of a project. They actually have minimal impact as it entirely depends on the team handling the project. Hunters are just trying to expand the horizon of the platform by promoting them in various forms like the sig campaign and social media promotions.

baeva2

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When choosing a project to participate, any bounty hunter would prefer a project that pays with Ethereum or Bitcoin, rather than with unknown tokens. But payment in eth and btc cannot guarantee that the project will not be fraudulent. The participation of senior ranks of bounty hunters also cannot guarantee the success of the project.

Tahdayi

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Quote from: lolak2 on September 13, 2019, 04:33:32 PM

i think they do not want to take this risk and need to get paid in stable coin , this is fair, no one can guarantee the coin success.

There are bounty types , but the truth behind them have a very small amount of 2-3 dollars 3-4 weeks , if you rank legendary then of course you will pay about 80-100 $ a week.

Chuky92

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With these reasons stated by you, I don't think it's tangible enough to grade a project either failure or scam. Ever since inception, it is the team or developers that always decides what to pay participants not the other way round. I have seen a project thats paid in USDT because they are yet to mint their own coin thus also using that avenue to maintain their platform, I think that project is Probit exchange, if am not mistaken. In addition, the success of any project greatly depends on the team because bounty hunters only helps to spread the word about the project while it's left for the team to fulfill what they promised.

lolak2

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i think they do not want to take this risk and need to get paid in stable coin , this is fair, no one can guarantee the coin success.

joseyphil82

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Quote from: upyem2k on September 12, 2019, 10:39:31 PM

I have seen series of signature bounty campaigns that make their payments in bitcoin and ethereum for people of high ranks in the forum to wear their signature code, avatar and personal text.
These people of high ranks are sometimes seen by the newbies as the experts who can only or mostly campaign for projects with great potentials. The project teams seems to also believe this to the point that they pay them in bitcoin or ethereum in believe that those high rank members wearing their signature codes will attract investors for them.
Some of these projects end up being a waste of investors' funds and times.
Now my point is, if the high rank signature hunters really believe a cryptocurrency project will be success, why don't they accept it as payment? Does it mean they already foresee that the token will end up being a shit in the end?

KONOIS (KON) token is an example of such projects

Getting paid in btc after bounty ends has nothing to do with the failure or success of any project and infact it safe very few projects from dumping value on exchanges, this is another way of controlling or avoiding dumps after the buying back technique, in fact i prefer getting paid in btc because surely i will sell after payment receive to buy other altcoin

timphan coklat

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Bounty participants are workers who always expect compensation after their work is completed.
What happened with the cryptocurrency market is now very understood by bounty participants, therefore they prefer a bounty campaign that offers Bitcoin or Eth. Because the results they get directly can be used without having to wait a long process.

Ss4sukE

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The first is like this, friend, sometimes I also like to follow the signatures that are used in high ranks but I double-check and if it is feasible then I follow, secondly I always see the number of participants for example in the signatures that I use today are limited participants and there is a ranking Also, I believe that if the project is successful, the prize I receive will be great even though my device is JR. but overall it doesn't depend on anyone, and this is my choice to join this project. advice for you to do your own research

michellee

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I think that is because they want to get a payment in bitcoin or ethereum because bitcoin or ethereum will be worth to them. Although I already saw some signature campaign that pays the participants using the tokens, it doesn't mean that the project can succeed. All things will depend on the developer and the team to manage their project so it could succeed in the future. So it is up to them to pay with bitcoin, ethereum or their token.

Strongkored

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The reason why they don't want to receive payments with tokens is because they have to wait longer to be able to get money not because they don't believe that the project will be successful.
Also considered is because the bounty system with token payment often changes at the end of the bounty, the change is often in the number of tokens as well as the time of payment.
Not because they believe that it will be a scam but rather the timeliness also amount that will be received.

Decksperiment

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Having the payment option of top crypto for bounty participants isn't a sign of failure or neither a scam. Most of these bounty
campaigns are designed to attract high ranking members of the forum but often its a fair reward they will get either in BTC or
ETH so its nothing to worry about. But at the same time, it also doesn't guarantee that the project will not go flop, so the key
trick here is to do diligent research first on any project we like to support.

CryptoBry

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In many cases, signature bounty participants accept the form of payment that is usually offered by the project team whether it can be Bitcoin, Eth or the tokens of the project itself. Now, this has nothing to do whether the project can be a scam or going to be a failure as nobody knows what can really be. There had been good projects that started so well but then they ended up bad. In other words, even if we might be suspecting a project to be a scam, there are cases that we are proven false and of course, on the other hand, there are those we assumed will be successful in the marketplace but they eventually fail even big time.

VOUC Token

newbie

Activity: 7

Merit: 0

Quote from: jagaban on September 13, 2019, 04:01:08 AM

It has more to do with the pre-agreed payment fee more than anything else. I have been part of campaigns where they paid in eth or btc without me being a hero or legendary btt member. Payment type doesn't really determine how authentic a project will be. Some devs just feel they need to preserve the value of their token by paying in btc or eth. Others don't mind and would be happy to pay using their tokens to boost more liquidity

You are right

jagaban

copper member

Activity: 322

Merit: 8

It has more to do with the pre-agreed payment fee more than anything else. I have been part of campaigns where they paid in eth or btc without me being a hero or legendary btt member. Payment type doesn't really determine how authentic a project will be. Some devs just feel they need to preserve the value of their token by paying in btc or eth. Others don't mind and would be happy to pay using their tokens to boost more liquidity

VOUC Token

newbie

Activity: 7

Merit: 0

Quote from: upyem2k on September 12, 2019, 10:39:31 PM

I have seen series of signature bounty campaigns that make their payments in bitcoin and ethereum for people of high ranks in the forum to wear their signature code, avatar and personal text.
These people of high ranks are sometimes seen by the newbies as the experts who can only or mostly campaign for projects with great potentials. The project teams seems to also believe this to the point that they pay them in bitcoin or ethereum in believe that those high rank members wearing their signature codes will attract investors for them.
Some of these projects end up being a waste of investors' funds and times.
Now my point is, if the high rank signature hunters really believe a cryptocurrency project will be success, why don't they accept it as payment? Does it mean they already foresee that the token will end up being a shit in the end?

KONOIS (KON) token is an example of such projects

One main reason is that establish coin and token such as bitcoin and ethereum have value for them. They dont want to waste effort for such coin/token which seems no guaranteed success. Take a look at VOUC token for starter token like VOUC token, who would you think will accept a payment via VOUC token even if you can avail ETH discount voucher as much as 50% off.

One example is our limited 3voucher issued worth 0.017 ETH each which you can avail for only 1 VOUC

1 VOUC = 0.0011 ETH

So higher ranks have their own judgement when it comes about acceptance of payment

Iykejunior

jr. member

Activity: 77

Merit: 1

Quote from: upyem2k on September 12, 2019, 10:39:31 PM

I have seen series of signature bounty campaigns that make their payments in bitcoin and ethereum for people of high ranks in the forum to wear their signature code, avatar and personal text.
These people of high ranks are sometimes seen by the newbies as the experts who can only or mostly campaign for projects with great potentials. The project teams seems to also believe this to the point that they pay them in bitcoin or ethereum in believe that those high rank members wearing their signature codes will attract investors for them.
Some of these projects end up being a waste of investors' funds and times.
Now my point is, if the high rank signature hunters really believe a cryptocurrency project will be success, why don't they accept it as payment? Does it mean they already foresee that the token will end up being a shit in the end?

KONOIS (KON) token is an example of such projects

some projects are very desperate to attract investors that they go all the way knowing the still do not have a good project in their hands, While the good ones do not want for their token to dump in the market, hence paying with btc or eth with excess liquidity in their market.

Saisher

full member

Activity: 2324

Merit: 175

Quote from: upyem2k on September 12, 2019, 10:39:31 PM

I have seen series of signature bounty campaigns that make their payments in bitcoin and ethereum for people of high ranks in the forum to wear their signature code, avatar and personal text.
These people of high ranks are sometimes seen by the newbies as the experts who can only or mostly campaign for projects with great potentials. The project teams seems to also believe this to the point that they pay them in bitcoin or ethereum in believe that those high rank members wearing their signature codes will attract investors for them.
Some of these projects end up being a waste of investors' funds and times.
Now my point is, if the high rank signature hunters really believe a cryptocurrency project will be success, why don't they accept it as payment? Does it mean they already foresee that the token will end up being a shit in the end?

KONOIS (KON) token is an example of such projects

Not all high-rank members are experts, they got their rank because in the past you do not need merits to rank all are activity-based, we are all the same here if you look at the spreadsheets of a scam project, there are seniors, heroes and legendary there, everyone got scam one time or another.

mersal

member

Activity: 1204

Merit: 38

Quote from: upyem2k on September 12, 2019, 10:39:31 PM

I have seen series of signature bounty campaigns that make their payments in bitcoin and ethereum for people of high ranks in the forum to wear their signature code, avatar and personal text.
These people of high ranks are sometimes seen by the newbies as the experts who can only or mostly campaign for projects with great potentials. The project teams seems to also believe this to the point that they pay them in bitcoin or ethereum in believe that those high rank members wearing their signature codes will attract investors for them.
Some of these projects end up being a waste of investors' funds and times.
Now my point is, if the high rank signature hunters really believe a cryptocurrency project will be success, why don't they accept it as payment? Does it mean they already foresee that the token will end up being a shit in the end?

KONOIS (KON) token is an example of such projects

Signature campaign is just an advertisement so if you want your project to be successful through advertising alone then you will end up failed.And also members don't want to waste their time to promote an useless project that is why they join with the projects paying in bitcoin.

If the project have high hope on their success then they should go with paying in bitcoin rather than their tokens which could be dumped by hunters.

shinratensei_

legendary

Activity: 3276

Merit: 1029

Leading Crypto Sports Betting & Casino Platform

You can create such a comparison between how much altcoin hunters who have received the payment in the token with native coin hunters who have been receiving only in the native crypto payment like bitcoin or ethereum.
Signature is already divided into the two sides for those who are interesting to earn native coin can go with the campaign that allocated native coin too.
Remember it's very rare to see a campaign that used native crypto. I have participated in so many campaigns and i have received more than 90% of my payments in the token form and it's not a native token. That depends on the people's opinion about that.
it's not a sign of a scam but they are looking for the stability.

freedomgo

legendary

Activity: 3248

Merit: 1160

Playbet.io - Crypto Casino and Sportsbook

Bounty participants understands what is happening with the market now, of course since altcoins are dropping they would choose BTC or stable altcoins over a project tokens they will receive after the bounty. They are like people working that wants to receive their expected salary after the job and you can't blame them, and in fact I believe it will change from time to time depending on the market situation as what I have observed last 2017, signature campaigners leave a BTC paying campaign for altcoins as they will receive bigger, even x10 of what they will earn in btc signature campaign.

Kvalentine

member

Activity: 504

Merit: 25

Quote from: upyem2k on September 12, 2019, 10:39:31 PM

I have seen series of signature bounty campaigns that make their payments in bitcoin and ethereum for people of high ranks in the forum to wear their signature code, avatar and personal text.
These people of high ranks are sometimes seen by the newbies as the experts who can only or mostly campaign for projects with great potentials. The project teams seems to also believe this to the point that they pay them in bitcoin or ethereum in believe that those high rank members wearing their signature codes will attract investors for them.
Some of these projects end up being a waste of investors' funds and times.
Now my point is, if the high rank signature hunters really believe a cryptocurrency project will be success, why don't they accept it as payment? Does it mean they already foresee that the token will end up being a shit in the end?

KONOIS (KON) token is an example of such projects

Some projects decide to pay bounty hunters in bitcoin or stable coins like usdc to avoid dumps from bounty hunters and i have seen few project that did this and they are doing fine, they are just trying to avoid token value from getting shrinked, if any project paid hunters in bitcoin and still end up not doing well then its a really uselss project

ivaf

full member

Activity: 980

Merit: 109

Quote from: upyem2k on September 12, 2019, 10:39:31 PM

... Does it mean they already foresee that the token will end up being a shit in the end?
...

No, this does not mean that the token will not succeed. Just experienced forum users prefer to get paid for working in cryptocurrency, which already has a price. Thus, they exclude for themselves the risk of the situation that they will not receive a payment if the project token does not have value.

yazher

hero member

Activity: 2268

Merit: 588

You own the pen

The answer to that question is most signature participants knows the outcome of the project that 80% of them will never reach the market.
so when there is a signature campaign that pays on btc or eth they will prefare to join it than joining some project that paying on some unknown altcoins.

rz20

legendary

Activity: 1330

Merit: 1001

As @coin-investor said it's up to project owners to decides whether they want to pay the hunters with their own cryptocurrency or pay the hunters with BTC/ETH so deciding whether a project is scam/failure based on this would be unfair IMO.

Samayuki

member

Activity: 574

Merit: 24

Quote from: upyem2k on September 12, 2019, 10:39:31 PM

I have seen series of signature bounty campaigns that make their payments in bitcoin and ethereum for people of high ranks in the forum to wear their signature code, avatar and personal text.
These people of high ranks are sometimes seen by the newbies as the experts who can only or mostly campaign for projects with great potentials. The project teams seems to also believe this to the point that they pay them in bitcoin or ethereum in believe that those high rank members wearing their signature codes will attract investors for them.
Some of these projects end up being a waste of investors' funds and times.
Now my point is, if the high rank signature hunters really believe a cryptocurrency project will be success, why don't they accept it as payment? Does it mean they already foresee that the token will end up being a shit in the end?

KONOIS (KON) token is an example of such projects

Do not make decisions based on members rank either legendary or sir members, whatever signature they are wearing its a risk been taken just like any jr member or full member did, Ranks doesn't give a genuine outcome of projects,whether scam or not its all about risk taking even after strict researches

coin-investor

hero member

Activity: 2996

Merit: 598

Leading Crypto Sports Betting & Casino Platform

Quote from: upyem2k on September 12, 2019, 10:39:31 PM

I have seen series of signature bounty campaigns that make their payments in bitcoin and ethereum for people of high ranks in the forum to wear their signature code, avatar and personal text.
These people of high ranks are sometimes seen by the newbies as the experts who can only or mostly campaign for projects with great potentials. The project teams seems to also believe this to the point that they pay them in bitcoin or ethereum in believe that those high rank members wearing their signature codes will attract investors for them.
Some of these projects end up being a waste of investors' funds and times.
Now my point is, if the high rank signature hunters really believe a cryptocurrency project will be success, why don't they accept it as payment? Does it mean they already foresee that the token will end up being a shit in the end?

KONOIS (KON) token is an example of such projects

I have seen both the signature campaign the one that pays with Bitcoin and Ethereum and the one that pays with their token, it's not the high-rank members that offer that they open a campaign that pays Bitcoin and Ethereum it's the developers, the bounty hunters has the option to accept and decline that, I would have picked a stable and top coins than wait for months to see the value of the token.

High ranks and newbies or any rank is not a guaranty that you will not get scammed or short-changed I also suffer and experienced not getting paid, locked my token and get disqualified from these ICO campaigns.

upyem2k

jr. member

Activity: 448

Merit: 1

I have seen series of signature bounty campaigns that make their payments in bitcoin and ethereum for people of high ranks in the forum to wear their signature code, avatar and personal text.
These people of high ranks are sometimes seen by the newbies as the experts who can only or mostly campaign for projects with great potentials. The project teams seems to also believe this to the point that they pay them in bitcoin or ethereum in believe that those high rank members wearing their signature codes will attract investors for them.
Some of these projects end up being a waste of investors' funds and times.
Now my point is, if the high rank signature hunters really believe a cryptocurrency project will be success, why don't they accept it as payment? Does it mean they already foresee that the token will end up being a shit in the end?

KONOIS (KON) token is an example of such projects

Topic: IS IT A SIGN OF FAILURE OR Scam? (Read 3698 times)