Paying Bounty With TOKEN or ETH which will be better? - page 8.

kunpeter

newbie

Activity: 57

Merit: 0

Quote from: Iamdeadlyz on August 15, 2018, 10:01:09 AM

I believe that if the project is really good and that tokens are needed for utility then it's better to be paid in tokens rather than eth. Also, the dumping of tokens from bounty hunters usually happens so if they don't believe in the project then it's good to get rid of them at an early stage and let the believers have the tokens to support/use the product.

Good example for a bounty Hunter that dumps tokens early? "If you don't believe the said project then it's good to get rid of them at an early stage and let the believers have the tokens to support/use the product...

furball64

member

Activity: 271

Merit: 10

Proof-of-Stake Blockchain Network

How to pay for the bounty campaign is decided primarily by the employer. As far as I know, a couple of years ago the Bitcoins paid for the bounty campaign, and even now there are rarely campaigns where payment is made in a stable currency.

Honourable11

newbie

Activity: 224

Merit: 0

I think paying bounty hunters with etheruem is far better than paying them the normal coin.
You have just hit the hammer on the nail and you are on point, because this will reduce dumping by bounty hunters. This is a good idea.

Emilyp

member

Activity: 546

Merit: 10

I wish bounties will be paid either with ETH or BTC, it will be better for bounty hunters. At least they won't end up receiving worthless coins after working themselves out promoting the ICO.

maldini

sr. member

Activity: 952

Merit: 308

thanks for this solution, hopefully your statement will be heard by every ICO dev and the wishes of all bounty hunters will be realized.
Hopefully the victory of Bounty Hunter returns like 2017 down, this solution is the right solution to maintain the price of ICO tokens

yrrehc16

full member

Activity: 532

Merit: 101

One good thing to talk about is this.
If an ICO believes on their TOKEN to rise in the market, why don't they let hunters get ETHEREUM?
This will prevent the dumping of token once listed. But as a bounty hunter i like to have tokens still.

FLHippy

full member

Activity: 784

Merit: 101

Quote from: DeKingCrypto on August 15, 2018, 09:22:50 AM

Often time people ask why are token prices always go lower than ICO price on their first day of entering exchange? and the question seems to be difficult to answer.

I did some knowledge storm and I arrived at this;

1. Bounty hunters always want to dump and get out as soon as possible

2. The market in general might be far lower than the way it was during the ICO period

3. People sense something Fishy in the project and the want go out.

But among the three mentioned above, there are projects that are good and the market price is only have little difference from ICO period yet the token drop even 10X below ICO price.

Now the QUESTION is what could be the curse? and what is the Solution
There are two major reasons that may cause this; 1. Bounty/Airdrop hunters and 2. Newbies who only heard that crypto investment yield interest.

SOLUTION
My solution here might not be right but this is how I see it.
1. Pay Bounty/Airdrop hunters with ETH, BTC or any Popular Coin thats already trading in the market
2. Buy Back some initial dumpers, which will make almost everyone else not to dump any more

Anyone who knows a better way can tell us here!

But for many ICOs is it better to pay bounty hunters in their useless tokens. Why they should spend their raised Ethereums? When can they send them some tokens with no value?
So that is why bounty campaigns are not paying bounty hunters in ethers Wink

.

gostop

member

Activity: 388

Merit: 10

I also think it is better to use Ethereum or Bitcoin to pay bounty hunters, because bounty hunters are not investors, they should not share the interests of ICO, and they should not bear the risk of ICO.
Bounty hunters are more like office workers. They pay the same amount of work per week, but it may be unfair because the inconsistencies in the bounty items may result in a large difference in final returns.
So in my opinion, using eth or bitcoin to pay is more in line with the status of the bounty hunter, and more fair.

mbally

newbie

Activity: 98

Merit: 0

I wish it will be really possible to start paying bounty hunter with eth or btc, it will really make sense so that you will be sure of what you will earn when the bounty ends, most times, you will calculate how much you will earn, when the token gets listed, the price will dip and it will worth nothing anymore making your hard work in vain.

Dean_Jue

full member

Activity: 202

Merit: 100

I carry a similar opinion too. But by giving tokens to bounty hunters, the ICO company people cover their losses.
What if people don't invest in that specific ico? That results in people not getting enough money and losing more from their pocket.
Hence, they stick to this bounty model where they pay in tokens.

Stella27

member

Activity: 294

Merit: 10

in my opinion id rather choose to be rewarded by tokens. because i like to collect more and more tokens from bounties. there are so possibilities that each token will have a great value one day rather than ethereum in which you can benefit if it will rise.

vallytech

newbie

Activity: 112

Merit: 0

Yes it is true that bounty hunters normally dump their tokens but it's not all tokens, bounty hunters knows strong projects and they hold strong project tokens, So i will prefer the bounty companies to give an option to collect reward in eth or their bounty tokens, there are some people that might want to collect their reward in bounty tokens.

jefcasidy

jr. member

Activity: 168

Merit: 2

The ProFish online marketplace & tournaments

For me I think I prefer receiving my reward with the bounty tokens, I believe holding these tokens for a long time will give more reward than the one been paid with eth or btc,

Jancuki

member

Activity: 789

Merit: 10

Quote from: youdacapt on August 17, 2018, 06:22:40 PM

Even though payment using ETH for bounty participants is very good because ETH coins already have a clear value and we can also see how much each week we get but there are weaknesses if we only get ETH because it will be very satisfied if I get paid from the project token because we can continue to monitor the progress of the project and do promotions we will continue to do so while holding tokens, it's different if we only get paid using ETH, of course after the ICO is finished then we leave the project regardless of whether it will develop or not because we don't hold the token.

That's right, by being rewarded using the tokens they promote so that we will continue to support the project until it is successful, at least until the tokens can have the price they set.

yazher

hero member

Activity: 2268

Merit: 588

You own the pen

If they implement this, I'd Rather choose this than those unsure coins that they paying us off. anyway i have more than a dozen of shit coins in my wallet that cannot be sold because there is no exchanges that will buy it even in ether and fork delta. even if they pay a little bit than usual. I'll really join campaigns that pays BTC or ETH because we can make it sure that way that we will getting a profit from our hard work.

Yeahnoh

jr. member

Activity: 127

Merit: 3

I think getting paid in ethereum or even fiat could be way better for the bounty hunters, it may help them secure their rewards, I mean, they won't be chained to the volatility of that particular token, at the same time, bounty campaigns could loose their utility, because they exist to make promotion to the project while distributing their tokens at the same time.

vallydelly

jr. member

Activity: 336

Merit: 2

Paying bounty hunters with eth or any other tokens would really be a good idea, but it will be possible for some ICO, so the suggestion I will go with, is buying back the tokens as it dumpers and selling it again when it highs.

becak mesin

jr. member

Activity: 163

Merit: 1

I personally think that ETH is better than token because when I want to convert it to my fiat, I can directly convert or selling it. ETH is simpler transaction than token. In addition, sometimes some tokes have no good price on the market, based on the ICO. While ETH is has strong value and price on the market, the percentages of ETH is the highest than other coin even BTC. Therefore, it would be betterpaying with ETH can be easier to develop anytime.

lang shao

newbie

Activity: 126

Merit: 0

Quote from: DeKingCrypto on August 15, 2018, 09:22:50 AM

https://i.imgur.com/R0aO6ez.png

Often time people ask why are token prices always go lower than ICO price on their first day of entering exchange? and the question seems to be difficult to answer.

I did some knowledge storm and I arrived at this;

1. Bounty hunters always want to dump and get out as soon as possible

2. The market in general might be far lower than the way it was during the ICO period

3. People sense something Fishy in the project and the want go out.

But among the three mentioned above, there are projects that are good and the market price is only have little difference from ICO period yet the token drop even 10X below ICO price.

Now the QUESTION is what could be the curse? and what is the Solution
There are two major reasons that may cause this; 1. Bounty/Airdrop hunters and 2. Newbies who only heard that crypto investment yield interest.

SOLUTION
My solution here might not be right but this is how I see it.
1. Pay Bounty/Airdrop hunters with ETH, BTC or any Popular Coin thats already trading in the market
2. Buy Back some initial dumpers, which will make almost everyone else not to dump any more

Anyone who knows a better way can tell us here!

Must prefer for ethereum payment compare to token. Ethereum already a stablish coin which you can trust, while token is theres a possibility that it will dump or will become zero value coin. So infavor of ethereum as now.

The_Dark_Knight

hero member

Activity: 840

Merit: 502

Quote from: DeKingCrypto on August 15, 2018, 09:22:50 AM

Often time people ask why are token prices always go lower than ICO price on their first day of entering exchange? and the question seems to be difficult to answer.

I did some knowledge storm and I arrived at this;

1. Bounty hunters always want to dump and get out as soon as possible

2. The market in general might be far lower than the way it was during the ICO period

3. People sense something Fishy in the project and the want go out.

But among the three mentioned above, there are projects that are good and the market price is only have little difference from ICO period yet the token drop even 10X below ICO price.

Now the QUESTION is what could be the curse? and what is the Solution
There are two major reasons that may cause this; 1. Bounty/Airdrop hunters and 2. Newbies who only heard that crypto investment yield interest.

SOLUTION
My solution here might not be right but this is how I see it.
1. Pay Bounty/Airdrop hunters with ETH, BTC or any Popular Coin thats already trading in the market
2. Buy Back some initial dumpers, which will make almost everyone else not to dump any more

Anyone who knows a better way can tell us here!

The first solution will not work at all since the bounty hunters receive a very low amount of tokens and many of them do not sell at the first opportunity they got, and for the second option you give I need a clarification, do you mean the developers are the ones that need to buy those tokens? Because if that is the case that is unethical, the money raised through the ico is for the development of the project not to speculate with the coins.

Topic: Paying Bounty With TOKEN or ETH which will be better? - page 8. (Read 2521 times)