I did A LOT of bounty hunting during 2016 and 2017, and my mindset was HODL. They will pump, and i'm gonna get rich.
Boy was i wrong. Altho some (like 5% of them) did pay out bigtime after about a year or so, most of them didn't.
I'm now stuck with 200+ different tokens in my wallet, which are worthless. And if there is some shady market for them, like FD, it costs more to sell them than they're actually worth.
Topic: My opinion on Airdrop or Bounty hunters who dump token after the campaign - page 2. (Read 424 times)
October 27, 2020, 05:22:26 AM
October 26, 2020, 03:34:25 PM
I've seen some projects who changed contract address and did a complicated token swap after thier airdrop or Bounty. So, anyone who is holding this coins will be left with a useless version of it. And most of them don't know because they are already following other projects as a bounty hunter.
An Example of these kind of projects is tratok who did token swap more than once. And left many holders hoping on useless tokens.
So many hunters who believed in these kinds of projects will always say some sort of bad words to people who sell their token.
But Wait Please.
Are they hunting bounty to hold or live with the payment?
As for me, I can only do a bounty to use some of my payments and not to hold all.
Although some might prefer to invest thier time instead of money to get some tokens to hold but no one need to blame the ones who dumped. Although, dumpers can make price fall more than expectation. But no ones knows anyone current condition or situation.
This is the way I understand this kind of situation.
Any dumper needs money.. Thats it.
Or what do you think?
Most hunters are actually unemployed or lack full time job so it is easy to understand that they do this job for some money which makes it clear that most of them will dump or cashout their rewards as soon as they will receive them but i am sure there is huge community of hunters that also hold and support the project for longterm so we cannot just blame the hunters. Also if the team is worried about dumps they can pay the equivalent reward in stablecoins. An Example of these kind of projects is tratok who did token swap more than once. And left many holders hoping on useless tokens.
So many hunters who believed in these kinds of projects will always say some sort of bad words to people who sell their token.
But Wait Please.
Are they hunting bounty to hold or live with the payment?
As for me, I can only do a bounty to use some of my payments and not to hold all.
Although some might prefer to invest thier time instead of money to get some tokens to hold but no one need to blame the ones who dumped. Although, dumpers can make price fall more than expectation. But no ones knows anyone current condition or situation.
This is the way I understand this kind of situation.
Any dumper needs money.. Thats it.
Or what do you think?
October 26, 2020, 03:10:25 PM
That is the trouble with almost all the drops after release and dump, the fact that some other projects did something bad, there are others who are getting punished for it but it makes sense as well and can't say anything bad to anyone for it. There are scam projects and bounty hunters work hard for them and get nothing, these are more common than you might think and there are thousands of them all lying around, so what happens is Bounty Hunters end up working tons for one thing and they end up not doing that well at all in the end, which is why they hate most of the bounties but they have to keep working to make more.
Eventually one good project comes up, and they do everything right but hunters still dump it as soon as they get it, why? Because they were scammed before, so the good project did nothing wrong but the hunter was hurt so commonly so far that we can't blame them neither.
Eventually one good project comes up, and they do everything right but hunters still dump it as soon as they get it, why? Because they were scammed before, so the good project did nothing wrong but the hunter was hurt so commonly so far that we can't blame them neither.
October 26, 2020, 01:25:23 PM
I've seen some projects who changed contract address and did a complicated token swap after thier airdrop or Bounty. So, anyone who is holding this coins will be left with a useless version of it. And most of them don't know because they are already following other projects as a bounty hunter.
An Example of these kind of projects is tratok who did token swap more than once. And left many holders hoping on useless tokens.
So many hunters who believed in these kinds of projects will always say some sort of bad words to people who sell their token.
But Wait Please.
Are they hunting bounty to hold or live with the payment?
As for me, I can only do a bounty to use some of my payments and not to hold all.
Although some might prefer to invest thier time instead of money to get some tokens to hold but no one need to blame the ones who dumped. Although, dumpers can make price fall more than expectation. But no ones knows anyone current condition or situation.
This is the way I understand this kind of situation.
Any dumper needs money.. Thats it.
Or what do you think?
Absolutely, reward tokens are earned by the hunters so these are there tokens and they are free to do whatever they want to do with their tokens.An Example of these kind of projects is tratok who did token swap more than once. And left many holders hoping on useless tokens.
So many hunters who believed in these kinds of projects will always say some sort of bad words to people who sell their token.
But Wait Please.
Are they hunting bounty to hold or live with the payment?
As for me, I can only do a bounty to use some of my payments and not to hold all.
Although some might prefer to invest thier time instead of money to get some tokens to hold but no one need to blame the ones who dumped. Although, dumpers can make price fall more than expectation. But no ones knows anyone current condition or situation.
This is the way I understand this kind of situation.
Any dumper needs money.. Thats it.
Or what do you think?
The key is that hunters should only promote high quality projects that they will be happy to hold and even if they want to sell the price does not dump because of high volume.
October 26, 2020, 01:05:31 PM
Most bounty hunters sell their coins as soon as they receive the payment, this causing a sudden change in the market price. They are not too worried about the future of the project. They don't check the project much, the most important thing for them is to get the bounty payment. Since they join the bounty campaign of a project, they get that token / coin as a reward for their work.
So they want to sell the coins as soon as they can and cash out their money. And they get airdrop without any work, so they think that selling these free coins is a profit.
So they want to sell the coins as soon as they can and cash out their money. And they get airdrop without any work, so they think that selling these free coins is a profit.
October 26, 2020, 12:52:42 PM
In the past I have a straight mind of holding many tokens I earned through bounties but I end up with shit tokens instead, no single tokens I hold keeps it's value or grow higher, they keep losing value every day, now they are worthless so it's a good move if you dump your tokens earned through bounty campaigns
October 26, 2020, 12:49:16 PM
I've seen some projects who changed contract address and did a complicated token swap after thier airdrop or Bounty. So, anyone who is holding this coins will be left with a useless version of it. And most of them don't know because they are already following other projects as a bounty hunter.
An Example of these kind of projects is tratok who did token swap more than once. And left many holders hoping on useless tokens.
So many hunters who believed in these kinds of projects will always say some sort of bad words to people who sell their token.
But Wait Please.
Are they hunting bounty to hold or live with the payment?
As for me, I can only do a bounty to use some of my payments and not to hold all.
Although some might prefer to invest thier time instead of money to get some tokens to hold but no one need to blame the ones who dumped. Although, dumpers can make price fall more than expectation. But no ones knows anyone current condition or situation.
This is the way I understand this kind of situation.
Any dumper needs money.. Thats it.
Or what do you think?
There is no way a project will change their smart contract without informing the public either investors or bounty hunters, this blame is on the public not the team, if you miss out it's simply because you aren't following the project update, it's true that some bounty hunters end up with outdated tokens but it's their fault An Example of these kind of projects is tratok who did token swap more than once. And left many holders hoping on useless tokens.
So many hunters who believed in these kinds of projects will always say some sort of bad words to people who sell their token.
But Wait Please.
Are they hunting bounty to hold or live with the payment?
As for me, I can only do a bounty to use some of my payments and not to hold all.
Although some might prefer to invest thier time instead of money to get some tokens to hold but no one need to blame the ones who dumped. Although, dumpers can make price fall more than expectation. But no ones knows anyone current condition or situation.
This is the way I understand this kind of situation.
Any dumper needs money.. Thats it.
Or what do you think?
October 26, 2020, 11:49:57 AM
Not a good way to reduce the supply of tokens and many will left thier old tokens if they don't always check updates of the project .thats a big problem of tokens they can easily make one without any valid reason why they need to change contract. They are just wanting to reduce the token holders. as if it will help the price increase if one of the investors failed to swap thier tokens .this means they lost already a investors.
October 26, 2020, 11:40:12 AM
it is our reward during the bounty, so it will not matter. If indeed the token is good and there is a lot of interest in the market, the liquidity of the coin is also high, the dump or pump that bounty hunters do to the rewards obtained will not have a big effect because it is only a small part of the total supply and circulation of supply. So, just selling it is okay, it's our right.
October 26, 2020, 10:44:37 AM
Just take a look at how some participants of DIA bounty are still holding their coins.
DIA is not the best example here. Bounty hunters saw how quick and easily price when up from 2 to 4-5 dollars and they notice how it goes down when distribution date is near. They hold tokens because they expect the price to get back to 3+ dollars and would dump them.
Those who had earned 10-20 tokens already dumped them. Those who have 100+ tokens wait for better price.
October 26, 2020, 10:38:33 AM
This is the way I understand this kind of situation.
Any dumper needs money.. Thats it.
Or what do you think?
A simple thing should be when they have already received what they deserved from their effort and that's their decision whether they wanna try to sell or hold their coins.
in fact, it's not all of hunters (in this case i meant it's not 100% true if all of participants will be dumping their coins coz there were some hunters who believing in the future of project)
This is also actually getting affected by the how good the project was.
Just take a look at how some participants of DIA bounty are still holding their coins.
Fundamental of the coin, urgent needs, or another reason that could affect the decision that will be taken by the hunters to hold or sell their coins.
October 26, 2020, 10:36:44 AM
I'm really indifferent about what bounty hunters do with the earned tokens because they worked hard for those tokens and if they consider the tokens worth selling, no qualms. But I'm certain that if they trust the project to deliver better reward in the future, they will be reluctant to sell their tokens.
October 26, 2020, 10:28:22 AM
That's the airdrop or bounty Hunter.90% of them will dump, only 10% will believe and hold.Why are they doing dumps? Because they believe that every time the airdrop event is over there will be a decrease in price and they don't want to miss selling these coins.
but for sure if the project look solid and promissing project, for sure about 50% of bounty hunters will not sell their rewards as soon as possible
thats why before we join any campaign we should do our research, just like if we want to invest our money
October 26, 2020, 10:23:44 AM
Bounties are reward for your work, so it may be a personal reason when they decide to hold. If I see a future in a project, I may decide to hold but I know the difficulties of holding altcoins in my portfolio that's why I make sure to always stick to their social channels especially Telegram and do what's best for the token at the necessary time.
About dumping of tokens by hunters, the team don't have control over market and they can't tell them not to sell when they need their money. If a project is built on solid foundation, dumping shouldn't be a problem, it will revive back in time as the project progress with frequent updates. Don't forget that whales contribute to this projects as well, they sell once they notice team is about to make distribution of token to hunters and after a while, they buy back at low price and sell high. You can't blame them, everyone is looking to book profits.
About dumping of tokens by hunters, the team don't have control over market and they can't tell them not to sell when they need their money. If a project is built on solid foundation, dumping shouldn't be a problem, it will revive back in time as the project progress with frequent updates. Don't forget that whales contribute to this projects as well, they sell once they notice team is about to make distribution of token to hunters and after a while, they buy back at low price and sell high. You can't blame them, everyone is looking to book profits.
October 26, 2020, 09:57:05 AM
It was stressful to think about bounty and about the airdrop. They are no good this time especially for airdrop and I don't know why people still participating in airdrops since they know what could be the possible ends, they are actually wasting their time on that. We can't blame others, that even the one who runs bounty and airdrop campaign but definitely just ourselves. Though we condone such activities, however, we can't hold innocent and no-how individuals to take the risk.
And my opinion of this, better to stay away from them. Any promotion that runs unquestionably should be ignored and much more for any airdrops.
And my opinion of this, better to stay away from them. Any promotion that runs unquestionably should be ignored and much more for any airdrops.
I like your opinion. But at times, you know, no matter how small the token or airdrop that will be distributed is, some people still prefer to participate. Most of the airdrop hunters believed that their might be a token or a good project in any the promotion they participate in.
And most of them mostly participate in shit projects promotion.
You have a good opinion but some guys still need a penny no matter how small it is.
October 26, 2020, 09:53:49 AM
It's there fruit of there labor. Its not a DUMP actually but cashing out there money out from the token. The team should know that before offering huge amount of tokens for bounty campaign. They should set a locked in period or a buy on all those token if they really want to control the price. What should people expect for bounty hunters token? Hodl and wait for price pump? You gotta be kidding, They are not investors nor trader of the token. They earned it so they deserve sell it whenever they want.
October 26, 2020, 09:47:20 AM
Airdrop are not created to attract directly investors, but just to spread the news and find some people (with free marketing).
I have received in the past some airdrops (like HYDRO). After a while they made a swap of their tokens, but it was distributed for free to the holders of the "old coin". Just it was launched a new smart contract for the project.
@OP Did you know some specific example of coins that has completely changed token holders?
I think there are other ways to scam people.
As reported the biggest is just to delay the payment to bounty hunter, or releasing in a small batch.
We have discussed a lot of times about it, each project has a personal history for promotion, I don't think there is a unique version that can fit with interest of all "actor" involved in this process (from admin to final user)
I have received in the past some airdrops (like HYDRO). After a while they made a swap of their tokens, but it was distributed for free to the holders of the "old coin". Just it was launched a new smart contract for the project.
@OP Did you know some specific example of coins that has completely changed token holders?
I think there are other ways to scam people.
As reported the biggest is just to delay the payment to bounty hunter, or releasing in a small batch.
We have discussed a lot of times about it, each project has a personal history for promotion, I don't think there is a unique version that can fit with interest of all "actor" involved in this process (from admin to final user)
October 26, 2020, 09:44:29 AM
Bounty hunters are generally not interested in the project. They just mind how much money they will earn and buy ether or btc directly with the tokens they gain. For this reason, bounty hunters may not always have a positive effect on projects.
October 26, 2020, 09:39:19 AM
Most people that does bounty hunting do it not because they want to hold token for long period but just to have money for their daily need. However, not all bounty hunter dump token especially when the project is still much in continuous development stage. I have also been a victim of dev that will lock token and rendered it useless. I could remember a token called ASOBI coin that announced that token will be released to hunters in batches and it will take more than a year to completely release all the token to the hunters. It is almost two years, I have not received my token
October 26, 2020, 08:53:21 AM
What was the intention for the work in the first place?..... to eat right?, so be it. Those who dump their tokens from the bounty are those who work for a living and not those who have financial strength for a keep. Personally, i get involved into series of bounty just to make some good payout from the process, so, myself dumping my tokens bores down to my wants. Some other hunters like to hold becasue they are strong financially compare to the weak. Also, the dumpers are more smarter than the holders when it come to shitcoins altcoins.
Jump to: