Topic: Question on Bounties when unsold tokens gets burned (Read 130 times)
Some burn bounty tokens as well, I saw some examples. I think this is okay because when supply decreases, its price increase so in fact by getting lower tokens you don't lose money.
Hi,
Some ICOs burn the unsold tokens. Usually they also burn the team's tokens in the same proportion. What about bounty pool? Do they also burn the same proportion of the bounty pool tokens? If so, how can they even allocate a certain number of tokens for bounty tasks (if the final number of tokens is not known till the end of ICO due to possible burning) ??
Some ICOs burn the unsold tokens. Usually they also burn the team's tokens in the same proportion. What about bounty pool? Do they also burn the same proportion of the bounty pool tokens? If so, how can they even allocate a certain number of tokens for bounty tasks (if the final number of tokens is not known till the end of ICO due to possible burning) ??
Basically they say there will be X number of tokens. After their token sale if they haven't sold all of these imaginary tokens, yes these do not exist yet! So at the end of their sale they make a decision to create those tokens and distribute them to investors. As most bounties will pay you based on percentage of tokens sold, then you can see that it is tied up to how much tokens are sold. But you should not limit yourself here, as it really have much more parameters to it such as how many participants are there and how much stakes each of those fulfill.
But in practice, they easy scam bounty participants and don't care about any hype around this if they already got investors money.
Why are you taking part in bounty campaign if you say they scam??!
Most bounties offer % on sold tokens so who cares how much unsold tokens was burnt. If they offer fixed tokens amount per week/task then you should receive what was stated from the beginning. But in practice, they easy scam bounty participants and don't care about any hype around this if they already got investors money. Here is fresh example https://bitcointalksearch.org/topic/m.30896703 and no one care, investors are happy to bring more money.
Usually after the bounty is finished the amount will not be affected even tho if there's a change in some shits, if they burned token still bounty budget will not be affected because they will receive a negative feedback that may ruin their reputation.
Hi,
Some ICOs burn the unsold tokens. Usually they also burn the team's tokens in the same proportion. What about bounty pool? Do they also burn the same proportion of the bounty pool tokens? If so, how can they even allocate a certain number of tokens for bounty tasks (if the final number of tokens is not known till the end of ICO due to possible burning) ??
Some ICOs burn the unsold tokens. Usually they also burn the team's tokens in the same proportion. What about bounty pool? Do they also burn the same proportion of the bounty pool tokens? If so, how can they even allocate a certain number of tokens for bounty tasks (if the final number of tokens is not known till the end of ICO due to possible burning) ??
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