Topic: Paying Bounty With TOKEN or ETH which will be better? - page 9. (Read 2470 times)
I think Paying Bounty With ITS TOKENS is better. Tokens are the coins which are used in their ecosystem. They fit their platform. When i invest into a project, i believe in the vision of it. Profit from that is not the main reason i invest.
Paying bounty with token is a more logical move as they are basically free advertising since the said tokens have no liquidity yet. Paying eth on the other hand has a lot of liquidity so it could be used for the development of the project anytime.
From a bounty hunter's perspective, I think it's the best way to get paid. BTC and ETH are more established coins and I would rather their value drop on me after payment, the tokens of an ICO. This is because there is hope for either coins (BTC or ETH) to rise faster than tokens from an ICO.
As it seems to me everything is banal and simple, people are afraid that the coin will fall much down and therefore sells at a price slightly higher than indicated on the ICO/ I understand investors, but I do not understand bounty hunters. Why sell coins all and lower the price to the floor.
In the bounty hunters' perspective, I'm pretty sure that the majority want a payment in terms of eth (or any much stable and popular coin in the market) simply because getting profits from tokens is very time consuming, you need to wait for its appearance in the exchange and also wait for its pump before dumping. Another one, eth could be much profitable for them since the price of ICO token may drastically fall down right after getting listed in the exchange. On the devs side, I think this kind of payment set up is very hard to attain because of lack of funds. What would you expect to an ICO program under development?
That's the reason why they offer their own coin as a payment. And besides, if they don't push bounty hunters to use their own coin then who will become responsible for creating the hype? No one or only few at least which will probably result to failure.
Both option are good, but will prefer to be paid in tokens if the project is a good one, you stand to get more profit from tokens, but great patience is really needed, because it might take some time before the the price moon.
You are right, once we a have a bullish market, we will start to see the advantage of holding tokens from bounties
In my own opinion, I think bear market has contributed to why many ICO's goes below the ICO prices, bounty is not really the main cause why ICO tokens goes below their ICO price, early this year many project distributes huge bounty reward and still the price still makes some good X return, So for me i prefer been paid in bounty tokens, only thing i want is for the market to normalize
You are right, once we a have a bullish market, we will start to see the advantage of holding tokens from bounties
I think ETH payment will be better. Investors who think bounty hunters are guilt for the token price dump they will realize the real thing. And bounty hunters will be happy to get direct Ethereum. Investors are happy, bounty hunters are happy. So, I think bounty payment should be in Ethereum. But every ICO doesn't make success, so if they pay in ETH and if they can't make ICO success, then that will be not good. Only a project, that can be success, they should pay bounty hunters in ETH.
I think if only the profit with that range can be done in short-term trading, I think it's only a small profit, I have gotten more than that with long-term trading, all that can be done if we know the coin price development chart
In my own opinion, I think bear market has contributed to why many ICO's goes below the ICO prices, bounty is not really the main cause why ICO tokens goes below their ICO price, early this year many project distributes huge bounty reward and still the price still makes some good X return, So for me i prefer been paid in bounty tokens, only thing i want is for the market to normalize
As it seems to me everything is banal and simple, people are afraid that the coin will fall much down and therefore sells at a price slightly higher than indicated on the ICO/ I understand investors, but I do not understand bounty hunters. Why sell coins all and lower the price to the floor.
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!
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!
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.
If bounty reward tokens will be paid in ETH, it would not be a problem anymore for the gas up during the trading of your coin. I am favorable to have that kind of suggestion. However, I think this may not be favorable for the ICO and fir enough for them since they do have their own tokens for the bounty hunters that would prefer to hold the ICO token for a longer time.
I really buy this suggestion of your because it is a good one especially from the perspective of bounty hunters but come to think of it do you think ICO team will buy this idea. Although it is also beneficial to them because it will reduce the rate which the coin will dump but will they be willing to buy eth,btc or any other top coin to pay bounty hunters out of the money the raise?
Your suggestion is a good idea but paying bounty hunters might be kind of hard for the bounty company because the money used raised during the ICO is project development, so i think a better idea is buying back some tokens when the price drop below ICO prices
Hello mate. you seems have a good idea of paying the bounty hunters with ethereum or bitcoin as most of them dumping as early as the token paid by a certain project got listed in an exchange. Pay them with eth or btc and let them decide weather they trade them in token of their project or exchange it into fiat. Great idea mate! Cheers!
I think it's better to use ETH if dev is afraid their ICO coin will fall due to a bounty, because I think payment using ETH is more feasible.
You have a good idea, and of course ETH will be more useful than token, as you can buy any token with ETH and you can understand how much you are going to be paid after completing exactly tasks
Hunter will be so glad if they will be paid by ETH. But I don't think it will happen. I have seen few campaigns that pays in ETH. But I'm not sure will they pay or not. Need to give a try.
I think most of the projects will reject this suggestion. They are selling their coins in exchange mostly for bitcoin or ether etc. They may not be ready to part with the mentioned coins collected from public.
Also bounty hunters are bound to receive whatever they are offered. It is up to them whether they want to work for the remuneration received in coins or not. But if it is possible to pay in btc etc it will be very nice decision favouring bounty hunters.
Also bounty hunters are bound to receive whatever they are offered. It is up to them whether they want to work for the remuneration received in coins or not. But if it is possible to pay in btc etc it will be very nice decision favouring bounty hunters.
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!
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!
ICO projects don't have enough capital to pay thousands of bounty hunters a realistic amount of ETH, hence why they opt to give away their own tokens instead. You might find a few ICOs that already do this, whilst the risk is a lot lower, the size of the potential reward is similarly low, so it's probably not even worth participating in.
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