Locking Bounty Rewards To Avoid Dumping - page 6.

Bttzed03

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Quote from: MOProgress on April 09, 2019, 05:34:27 PM

Honestly speaking many projects are not dumping because of bounty hunters, some investors these days are fund of dumping the even a good project to the lowest you can ever imagine.

Funny thing is that I've seen some of these investors actually asking the team to lock up bounty rewards in some telegram groups.

Quote from: steveabrahams on April 10, 2019, 12:52:42 AM

Quote from: MOProgress on April 09, 2019, 05:34:27 PM

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Is this a joke? Why investors sell their tokens on low price below the ico price lol.

It's not a joke. Some ICO investors have openly admitted to dumping so they can buy back at a lower price, increasing their bags in the process. The strategy seems to be working for them.

Quote from: mammoniter on April 10, 2019, 02:19:17 AM

Its actually a good strategy. We can't deny the fact that majority of bounty hunters dumped the price of their tokens immediately after they get their rewards. They are just after for a quick cash. Locking the bounty rewards will not just prevent dumping but it will also increase the token's value over time and at the same time it will also make the bounty hunters realize the true potential of the project and they will get more value for their rewards.

You are speaking as if you have a crystal ball. We are not even sure that the value of the token will be worth it once the bounty rewards are unlocked. Perhaps you haven't seen a project yet that despite the effort to lock or delay, the dumping still happened. Go check Foresting's value right now, they just started distributing airdrop and bounty rewards.

SaRmY

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Quote from: zhelis74 on April 10, 2019, 02:28:04 AM

Quote from: mammoniter on April 10, 2019, 02:19:17 AM

Its actually a good strategy. We can't deny the fact that majority of bounty hunters dumped the price of their tokens immediately after they get their rewards. They are just after for a quick cash. Locking the bounty rewards will not just prevent dumping but it will also increase the token's value over time and at the same time it will also make the bounty hunters realize the true potential of the project and they will get more value for their rewards.

I think its not reasonable at all to lock bounty rewards to avoid dumping because bounty allocation is just a small portion of the whole token generated so how come it affect the dump if only 2 or 4% budget for the bounty reward. Doing bounty needs effort therefore we need a fair compensation.

Yes, because many hunters do not see themselves correctly after the coin is released. Although there is also a controversial issue. If the project is strong, it does not allow the price to fall. I have already seen many times that a strong project is just a growth every day.

zhelis74

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Quote from: mammoniter on April 10, 2019, 02:19:17 AM

Its actually a good strategy. We can't deny the fact that majority of bounty hunters dumped the price of their tokens immediately after they get their rewards. They are just after for a quick cash. Locking the bounty rewards will not just prevent dumping but it will also increase the token's value over time and at the same time it will also make the bounty hunters realize the true potential of the project and they will get more value for their rewards.

I think its not reasonable at all to lock bounty rewards to avoid dumping because bounty allocation is just a small portion of the whole token generated so how come it affect the dump if only 2 or 4% budget for the bounty reward. Doing bounty needs effort therefore we need a fair compensation.

mammoniter

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Its actually a good strategy. We can't deny the fact that majority of bounty hunters dumped the price of their tokens immediately after they get their rewards. They are just after for a quick cash. Locking the bounty rewards will not just prevent dumping but it will also increase the token's value over time and at the same time it will also make the bounty hunters realize the true potential of the project and they will get more value for their rewards.

Viscore

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Quote from: quality.crypto on April 10, 2019, 12:58:00 AM

I hope the majority of the bounty hunters are not dumping the coin because after listing the coin price is going down which will help to hold them instead of selling them for short term profits. So people should wait for the price recovery as long as possible until the market starts recovering.

They will dump Huh

They want to cash out so they will sell it to get their reward, if the timing of dump is good, it will not affect the value that much
but in bearish situation it will give a very bad effect, that's why locking bounty rewards now is the only option devs see.

quality.crypto

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I hope the majority of the bounty hunters are not dumping the coin because after listing the coin price is going down which will help to hold them instead of selling them for short term profits. So people should wait for the price recovery as long as possible until the market starts recovering.

steveabrahams

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Quote from: MOProgress on April 09, 2019, 05:34:27 PM

Honestly speaking many projects are not dumping because of bounty hunters, some investors these days are fund of dumping the even a good project to the lowest you can ever imagine.

Is this a joke? Why investors sell their tokens on low price below the ico price lol. It's because of bounty hunters sell the tokens after they received the tokens and it makes the price fall hard. Also if the product still not finished, usually the token price will keep low until the product finished.

gabbie2010

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Quote from: Catmurs on April 09, 2019, 05:35:17 PM

Quote from: maculeth on April 08, 2019, 09:45:51 PM

very difficult indeed to reverse the situation after listing the coin to the market exchange. the absence of repurchases and sales at the same time makes the tokens sink.

Most coins are weak , and almost a little of themselves represent something and because of this fall , I think because of the hunters are unlikely to fall to the bottom of the course

Most of these projects have a weak coin that wouldn't stand the test of time in cryptos market thus immediately listed it will experiences dump in its price which in most cases blamed on bounty hunters.
Although this is peculiar to almost every tokens or coin when listed however a very good project will bounce back and pumps after the initial setback of course there are countable numbers of such coins eg oyster token etc.
Locking the tokens is not a very good ideal of preventing dumping ICOs should just put in more efforts in sustaining on their project in the highly competitive crypto markets.

etherclassic

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Quote from: criket on March 29, 2019, 10:59:22 PM

Quote from: etherclassic on March 29, 2019, 10:56:46 PM

Usually the numbers of bounties reward is small amount it is around 1% up to 5% max of total token supply, it is not enough for bounties hunters to dumping their coins on the market. I don't think it will gives bad affect to the price of token, so there are no reason for locking bounties reward after the ICOs end.

all of it could have been. Indeed the numbers are just a little on hold by the bounty hunter, but when a small amount is sold all together will surely cause a decline in the market. Moreover, if the market has not yet formed a strong buy. This is common on the new token is listed on the Exchange.

I am not sure if all of bounties hunters they sell all of token on the same time, except they are one account Grin

and i am doubt about that. So i don't want blame the bounties hunters because of the price goes down and i don't have data about my claim, however they are part of cryptocurrencies community and i am sure they have knew the risk of bounties hunters.

Catmurs

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Quote from: maculeth on April 08, 2019, 09:45:51 PM

very difficult indeed to reverse the situation after listing the coin to the market exchange. the absence of repurchases and sales at the same time makes the tokens sink.

Most coins are weak , and almost a little of themselves represent something and because of this fall , I think because of the hunters are unlikely to fall to the bottom of the course

MOProgress

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Honestly speaking many projects are not dumping because of bounty hunters, some investors these days are fund of dumping the even a good project to the lowest you can ever imagine.

Cryptrx

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We have seen this countless times but at the end the coin still gets dumped. The thing most ICOs should be concerned about is creating an utility for their coin so that people will actually want to buy it. When there is demand the coin will not be dumped.

Ayobami99

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As opposed to what the OP said, i believe building a viable product is what the Cryptocurrency verse needs now. Team must be willing to look past prices changes and build a NECESSITY- a project that is needed by all

sabine80

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i am against the locking bounty rewards. if i have done my work, i would like to be paid for it and not months to wait. we usually have to wait for a long time for the payment and if the token then remain locked for months, the time is simply too long. if a bounty campaign announces a locking time in advance, it is a reason for me not to participate in this bounty.

Migranet

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Quote from: Bttzed03 on April 09, 2019, 12:35:14 PM

Quote from: Migranet on April 09, 2019, 12:26:07 PM

Quote from: makishart on April 09, 2019, 01:40:03 AM

Quote from: Migranet on April 08, 2019, 11:03:06 PM

Quote from: Bttzed03 on March 22, 2019, 04:38:23 AM

So there's this campaign that I've participated that locked bounty rewards in the hopes of avoiding token dumping. As what I expected, the dumping still happened. What's even funnier is that it is now the bounty hunters who complains unlike before where investors blame bounty hunters Grin

If there's any coins or tokens that should be locked, it should only be the team's share (or maybe add those given to advisors). Both parties (investors & hunters) have invested either money or time to get their share and they should not be subjected to such restriction.

Instead of locking, teams should just concentrate on other methods such as buy back and loyalty rewards to lessen the chances of price crash.

To link topics, IEOs also require locking of tokens post listing to mitigate the risk of dumping. Another benefit of the IEO, they are protecting investors and the company.

That sounds bullshit for me and why? have you seen veriblock IEO that has been hitting bottom price that makes a lot of investors are getting looses? I hope you can see that and you can change your mind about IEO. not all IEOs are good for me personally.

Your right, but you have to remember investing comes with inherent risks and while not all IEOs will provide results, I think the framework of an IEO is a step in the right direction.

How is it a step in the right direction? Is it more transparent than an ICO? How many can participate? I'm talking about IEOs on bigger exchanges here.

I'm using the assumption that exchanges are doing their due diligence and investigating the projects they accept on their exchanges for IEO's.

If this is not accurate then we have a problem for sure, I guess stick to reputable exchanges (obviously) and time will tell if they have a greater success rate.

Investing is always risky and there are NEVER guaranteed returns, adding another layer to the legitimacy of a project is, in my opinion, a step in the right direction.

hahahafr

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Locking of tokens is actually the last thing that i look at when it comes to dumping of tokens. I have seen projects that locked up tokens for a long period of time and as soon as the lock up period was over both investors and bounty hunters dumped their tokens on the listed exchanges.

I think what the team of projects should do is to carry out the development of the project in a very honest way and earn the trust of most of its community members. If the team is able to gain maximum support from their own community there would be no panic sales of tokens. In addition, they can also put in mechanisms such as incentives to reward token holders etc. I believe if all these are put in place the tokens would not suffer massive dump as they do when they are listed on exchanges.

Darkoth89

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Quote from: Bttzed03 on April 09, 2019, 12:35:14 PM

Quote from: Migranet on April 09, 2019, 12:26:07 PM

Your right, but you have to remember investing comes with inherent risks and while not all IEOs will provide results, I think the framework of an IEO is a step in the right direction.

How is it a step in the right direction? Is it more transparent than an ICO? How many can participate? I'm talking about IEOs on bigger exchanges here.

I'd say IEO are a step in the right direction when it comes to the credibility of the projects. (In theory) an exchange should have made an detailed background check on all the projects so that there won't be any scams on their launchpads because in the end that would also reflect negatively on the exchange itself.

But you also mentioned some negative aspects of IEOs: On the most hyped projects it's almost impossible to be fast enough to invest and a lot of users experienced technical difficulties.

Bttzed03

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Quote from: Migranet on April 09, 2019, 12:26:07 PM

Quote from: makishart on April 09, 2019, 01:40:03 AM

Quote from: Migranet on April 08, 2019, 11:03:06 PM

Quote from: Bttzed03 on March 22, 2019, 04:38:23 AM

So there's this campaign that I've participated that locked bounty rewards in the hopes of avoiding token dumping. As what I expected, the dumping still happened. What's even funnier is that it is now the bounty hunters who complains unlike before where investors blame bounty hunters Grin

If there's any coins or tokens that should be locked, it should only be the team's share (or maybe add those given to advisors). Both parties (investors & hunters) have invested either money or time to get their share and they should not be subjected to such restriction.

Instead of locking, teams should just concentrate on other methods such as buy back and loyalty rewards to lessen the chances of price crash.

To link topics, IEOs also require locking of tokens post listing to mitigate the risk of dumping. Another benefit of the IEO, they are protecting investors and the company.

That sounds bullshit for me and why? have you seen veriblock IEO that has been hitting bottom price that makes a lot of investors are getting looses? I hope you can see that and you can change your mind about IEO. not all IEOs are good for me personally.

Your right, but you have to remember investing comes with inherent risks and while not all IEOs will provide results, I think the framework of an IEO is a step in the right direction.

How is it a step in the right direction? Is it more transparent than an ICO? How many can participate? I'm talking about IEOs on bigger exchanges here.

Migranet

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Quote from: makishart on April 09, 2019, 01:40:03 AM

Quote from: Migranet on April 08, 2019, 11:03:06 PM

Quote from: Bttzed03 on March 22, 2019, 04:38:23 AM

So there's this campaign that I've participated that locked bounty rewards in the hopes of avoiding token dumping. As what I expected, the dumping still happened. What's even funnier is that it is now the bounty hunters who complains unlike before where investors blame bounty hunters Grin

If there's any coins or tokens that should be locked, it should only be the team's share (or maybe add those given to advisors). Both parties (investors & hunters) have invested either money or time to get their share and they should not be subjected to such restriction.

Instead of locking, teams should just concentrate on other methods such as buy back and loyalty rewards to lessen the chances of price crash.

To link topics, IEOs also require locking of tokens post listing to mitigate the risk of dumping. Another benefit of the IEO, they are protecting investors and the company.

That sounds bullshit for me and why? have you seen veriblock IEO that has been hitting bottom price that makes a lot of investors are getting looses? I hope you can see that and you can change your mind about IEO. not all IEOs are good for me personally.

Your right, but you have to remember investing comes with inherent risks and while not all IEOs will provide results, I think the framework of an IEO is a step in the right direction.

Sacramentus

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Quote from: Bttzed03 on March 22, 2019, 04:38:23 AM

So there's this campaign that I've participated that locked bounty rewards in the hopes of avoiding token dumping. As what I expected, the dumping still happened. What's even funnier is that it is now the bounty hunters who complains unlike before where investors blame bounty hunters Grin

If there's any coins or tokens that should be locked, it should only be the team's share (or maybe add those given to advisors). Both parties (investors & hunters) have invested either money or time to get their share and they should not be subjected to such restriction.

Instead of locking, teams should just concentrate on other methods such as buy back and loyalty rewards to lessen the chances of price crash.

you are right, many of this projects blames the hunters for dumping tokens where by most especially the advisors dump big time without hesitation and they putit all on hunters. Now the hunters tokens are locked and dumping happened, let's see who is to be blamed

Topic: Locking Bounty Rewards To Avoid Dumping - page 6. (Read 1979 times)