Topic: Non successful projects find it hard to pay - page 6. (Read 1010 times)
If the projects pay the bounty hunters with their own token, it will not matter. They have their own token allocation for promotion, one of them is for the bounty program. So, this will not give an impact. The project will really need the funds when they want to continue and develop their projects, in which if they really have real use case prodicts. They will also need much money to list their token in good exchange.
It still depend on the developer, although they raise a lot of money and success to launch the project they still have a chance to postponed or even abandoned the bounty hunter. There are some cases about it and the coin's project now has a high price in the market, the developer project and bounty manager just accuse each other so as to confuse the bounty hunter who participated in the project. This has pointed out, a legit/good project does not guarantee you will get the reward that has become your right. That's why you have to spend more effort to analyze a project that you are going to promote, look from various angles, don't just look at the potential of the project itself.
In order to avoid problems like that, many bounty hunters choose bounty campaigns that make payments via escrow because with escrow we can feel calm about our payments at the end of the campaign and well-known managers are currently using such a system Are new projects supposed to be well successful today to pay bounty hunters their promised payment? If they raise huge amount of money paying bounty hunters won't be a big problem, am I right ?
It still depend on the developer, although they raise a lot of money and success to launch the project they still have a chance to postponed or even abandoned the bounty hunter. There are some cases about it and the coin's project now has a high price in the market, the developer project and bounty manager just accuse each other so as to confuse the bounty hunter who participated in the project. This has pointed out, a legit/good project does not guarantee you will get the reward that has become your right. That's why you have to spend more effort to analyze a project that you are going to promote, look from various angles, don't just look at the potential of the project itself.
There are many projects that fail to pay bounty hunters, because of the unsuccessfulness of their projects. However, most of these projects exploit bounty hunters by using their services to promote their scam projects. Projects that are real but not successful and don't pay off the bounty hunters don't hurt them so much, they are part of the failed project, but if behind the unsuccessfulness there is an element of scam then there should be a punishment for them.
Bounty hunters aren't just looking for gifts. very good if I join the project and succeed,, Because mission bounty hunters is to help the project to be successful. When the project was successful they rewarded bounty hunters with the promised allocation.
When the project failed do you still expect something from there?
Years back gowithmi failed to raise hardcap successfully and they lower the bounty allocation instead of not paying their promoters a penny, isn't this way better than not paying anything at all? Some projects have cruel team members, just pray you don't work for such people, another good project is Youengine (YOUC), the team kept their promise even when they failed to raise enough money, this project failed to raise softcap, imagine that, they have every reason to deny bounty hunters payment When the project failed do you still expect something from there?
Right unless they promised a shit tons of money for bounty campaign which usually happened to attract more participants to join then later on, they will delay the release of funds or reduce payment after there ICO was over. They have no written contract to guarantee that they will bounty hunters in the end. That is the danger of joining bounty campaign. The team can easily deny payment without any risk of facing legal charges from there side since they are using other people to manager it.
not only that, this year we can see many scam projects scattered, one of which is currently indicated here are many new things that were discovered https://bitcointalk.org/index.php?board=83.0https://bitcointalk. org / index. php? board = 83.0
Asked that worries continue to be felt, the bounty hunters consume time, energy and thought. if in the end the project that follows goes into a black abyss. Meanwhile, managers do not know the ins and outs, they only accept the mandate, but the risk to be borne is enormous.
Usually the project maker will limit the participants, so this will certainly minimize losses from the provision of funds that will be distributed to bounty hunters who have met the requirements according to the desired criteria.
that depends on the bounty manager, the bounty manager will become a party who will be always suggestion whether the campaign must be limited or not to the developers. If you are asking the developers about this and I'm sure if they will not try to put the limit as what they wanna get the massive exposure to promote their ico and then they can raise a lot of money.
It supposedly being paid. Bounty hunters are part of the marketing and the developing team needs to pay them as part of their expenses.
Even the project unsuccessfully raised the amount that they are trying to collect, if they are for real then paying the hunters should not be
a problem, allocated funds should be there for a much better long term relationship within the bounty hunters.
Even the project unsuccessfully raised the amount that they are trying to collect, if they are for real then paying the hunters should not be
a problem, allocated funds should be there for a much better long term relationship within the bounty hunters.
Bounty hunters aren't just looking for gifts. very good if I join the project and succeed,, Because mission bounty hunters is to help the project to be successful. When the project was successful they rewarded bounty hunters with the promised allocation.
When the project failed do you still expect something from there?
When the project failed do you still expect something from there?
I saw other projects such as Base protocol which is a DeFi project, they rushed to close the bounty and to pay the bounty hunters just because they were successful. Some projects scam and never pay their bounty hunters just because they have no funds. Others just want to sell and gather funds and get rid of the bounty hunters when they succeed. Different opinions but these projects ain't respecting the Bounty process and the hunters.
It's very hard for new projects to raise hardcap this days friend, 2017 was a good year for investors and bounty hunters because almost every new ICO projects became successful, even the scam projects too, this time it's very hard for new projects to raise money that's why most bounties ends in disparity
Are new projects supposed to be well successful today to pay bounty hunters their promised payment? If they raise huge amount of money paying bounty hunters won't be a big problem, am I right ?
You are right, but the question is - do these projects really raise such huge amounts? Funny to read how project plans to raise millions and allocated few thousands on bounty. I think most projects simply lie how much they raised to attract more investors. Imho, they barely raise hundred thousand dollars. Lets calculate how much they would spend on distribution fees. Usually bounty campaign consist of twitter, facebook, signature, video, article campaigns. Lets take average numbers of participants, 500 twitter, 500 facebook, 30 signature, 50 video, 100 articles. That is roughly 1100-1200 transactions to be made to distribute each campaigns reward. With current Ethereum fees, probably that is $1,500 for a whole distribution. When new projects rise $20-50k, spending $1,500 on hunters + paying the manager + giving tokens that might something...Well...no wander they try to cut these "bounty expenses".
Some bounty rewards are too unrealistic in today's crypto daze, if a bounty promised millions of dollars to bounty hunters do not bother to promote such project because they are spreading false promises that they will never be able to keep, it's why some promote only projects that are listed and trading
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Are new projects supposed to be well successful today to pay bounty hunters their promised payment? If they raise huge amount of money paying bounty hunters won't be a big problem, am I right ?
Right unless they promised a shit tons of money for bounty campaign which usually happened to attract more participants to join then later on, they will delay the release of funds or reduce payment after there ICO was over. They have no written contract to guarantee that they will bounty hunters in the end. That is the danger of joining bounty campaign. The team can easily deny payment without any risk of facing legal charges from there side since they are using other people to manager it. Are new projects supposed to be well successful today to pay bounty hunters their promised payment? If they raise huge amount of money paying bounty hunters won't be a big problem, am I right ?
There are few projects that failed to meet their fund target but still keep their promise to bounty hunters, the last one was youengine, I'm surprised how reliable this team are even when they failed to raise enough money for their project they still paid every penny owed, many new projects will avoid to pay once they failed to reach hardcap 
Are new projects supposed to be well successful today to pay bounty hunters their promised payment? If they raise huge amount of money paying bounty hunters won't be a big problem, am I right ?
Assuming you got paid tokens of an unsuccessful project which automatically turns worthless what will you do wit it? you can't trade it except keep it as souvenir
it is a waste of time to have junks in your wallet and even the team of such project already knows it is not worth given such tokens out, the reason why people support of campaign for project is to be able to sell at the end of it all not to keep as a souvenir.
Are new projects supposed to be well successful today to pay bounty hunters their promised payment? If they raise huge amount of money paying bounty hunters won't be a big problem, am I right ?
The amount that raised on their crowdsale will not be determined how successful they to pay the hunters. I can mention you some projects that raised small amount of money like hacked ai but this project is still paying the hunters with decent amount of tokens that worth a few hundred dollars for any participants. The problem is the team itself about how the team can maintain its token to get the value from the market and speculators.
Usually the project maker will limit the participants, so this will certainly minimize losses from the provision of funds that will be distributed to bounty hunters who have met the requirements according to the desired criteria.
Sometimes I think project should make bounty campaign strategic and reward it according, like you said, a moderate budget can deal with the outcome of ICO. More also is the form of distribution, staggered distribution in 3-6month can manage the price of the token. Requesting higher number of social media followers and higher rank member that can carry obvious signature
Of course they are unsuccessful what do you expect your effort will go into? Actually there are good project that become unsuccessful due to so many scam projects and that broke the investors trust not to give their money easily or others had already learn their lesson in investing. I myself had been scam too in a project after I was getting FOMO by the scammers in their telegram channel. After all it was a regret in my part for trusting them but I had already move and forget that happen.
Usually the project maker will limit the participants, so this will certainly minimize losses from the provision of funds that will be distributed to bounty hunters who have met the requirements according to the desired criteria.
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