Reason why bounty manager are not paying Bitcoin and other trade able coins

Inu.Guren

full member

Activity: 379

Merit: 100

homt.net

Quote from: hdclover on June 14, 2019, 01:40:23 PM

Paying either in Bitcoin or ethereum is very costly for the project owners. They might in short of the funds at beginning and the project might not even raise the given amount required for bounty. If they pay via tokens, users who wants to buy these will set the value so literally the project owners won't be losing any money.

yeah because developer must allocated Ethereum or BTC for hunter and take some proceeds from sales to allocate and pay for hunters.
it's efficient for developer and that's why usually developer paying hunter using token

bitgolden

legendary

Activity: 2996

Merit: 1132

Leading Crypto Sports Betting & Casino Platform

Quote from: taguig on June 11, 2019, 10:31:02 PM

I'm finished doing bounty for a campaign that only promised their token that has no guaranty of value in the market, glad that the one I'm in right now is already in the market, after this campaign I have no choice but to transfer to gambling campaign or stop doing ICO bounty.

I understand how you feel, especially for the experience we have all had with most of the tokens we have gotten in the past that is still very dormant in the market, or tokens that are has gone so low in the market, but I think projects with direct tokens are still more profitable for now, especially the one that has very big hype.

Look at how harmony of Binance increased like 800 percent in profit, if they had paid them the Bitcoin equivalent, would the investors had seen such an increase this soon, with this increase, they can then share the profit into two and invest in BTC and ETH, we just have to continue to look for very good projects, it is really more worth it when we get their tokens.

guoyu78

hero member

Activity: 1190

Merit: 541

Quote from: Red-Apple on June 11, 2019, 08:18:20 AM

i don't think it has anything with believing in the future of their token because the creators of these tokens know better than you and i that their token is useless and worthless.

the only reason why they pay in their own token is because it doesn't cost them anything! if they wanted to pay in bitcoin for example they would have to spend money and buy bitcoin and then pay people. but when they pay in their own token, all they have to do is just create them out of thin air with no effort or cost!

It is still part of the believe they do not have in their project, because if they do, they should have factored all these payment in when they were doing their feasibility study before going to raise fund through ICO.

Imagine that it is a physical project and they need to any contractors for their work, would they offer the contractor token? NO, they will pay the contractor with fiat, same things is applicable to hunters too, they work for the money and I think they deserve to be paid with token that will make them have access to their salary immediately.

How can a company that is genuine want to get everything free, free fund donation, they also want to get free awareness from hunters.

hdclover

hero member

Activity: 1120

Merit: 501

www.bitcoin.org

Paying either in Bitcoin or ethereum is very costly for the project owners. They might in short of the funds at beginning and the project might not even raise the given amount required for bounty. If they pay via tokens, users who wants to buy these will set the value so literally the project owners won't be losing any money.

Helpme_please

member

Activity: 633

Merit: 10

Quote from: KlepZ on June 14, 2019, 01:16:17 PM

Maybe only part of the Bounty is paid with BTC, the purpose of the Bounty manager is to help a Project succeed so it is impossible for us as Bounty Hunter to only be able to pay with what Project Bounty we follow. and not all Bounty tokens have a price like Bitcoin and Ethereum whose prices are always stable

paying method depend on developers team.usually only qualified projects that have much fund courage to pay bounty hunter using bitcoin or ethereum.for them its important to keep their coins price in market.

CryptoAlphaStar

full member

Activity: 574

Merit: 101

The reason is very simple. Bounty managers don't pay anyone. ICO teams do. And they don't have money - fiat or crypto. All they have is the tokens they are creating.
So, this is the only budget they have.

KlepZ

member

Activity: 330

Merit: 10

Maybe only part of the Bounty is paid with BTC, the purpose of the Bounty manager is to help a Project succeed so it is impossible for us as Bounty Hunter to only be able to pay with what Project Bounty we follow. and not all Bounty tokens have a price like Bitcoin and Ethereum whose prices are always stable

Inu.Guren

full member

Activity: 379

Merit: 100

homt.net

developer are controlled about the payment, and of course developer want to bounty hunter trade their token/coin for increase volume trade in market even the price maybe dumped by hunter.

they are want people be a part of the community in the project and support them

BryanK

sr. member

Activity: 812

Merit: 250

Such projects already existed. But it ended in the same way as most ICO projects - Scam. The developers promise a huge amount and after a large number of investments freeze the project.

Docbee

full member

Activity: 822

Merit: 100

I don't think that is the only reason, they see it as norms to pay with their tokens, it is rare to see a team that will pay with ethereum and bitcoin the second reason is greediness, the team droskt want to use out of the raised fund.

ricardobs

hero member

Activity: 1204

Merit: 505

I think paying with other coins would lose the whole purpose of creating a new coin. If you are getting paid in ethereum and than giving people your new coin that's an offer you make that people will either accept or not and afterwards you will use that ethereum to pay the coders the designers the marketers and everything else but if you pay the bounty people to work for your coin yet pay them in etheruem than it will be "they are not even paid in the coin they are promoting" which wouldn't work.

danielchris

jr. member

Activity: 574

Merit: 1

It is depend on the bounty or project manager. If the project's manager & not owner ,then he/she can't decide to pay bitcoin or other tokens to the investors. Even the owner of project does not pay bitcoin & other payable coins.owner will also wants to hold these coins for good earnings in future. So that's a main reason behind it.

BitFinnese

copper member

Activity: 1050

Merit: 500

Quote from: rez303 on June 12, 2019, 12:36:57 PM

Quote from: fortunecrypto on June 11, 2019, 07:32:39 AM

Bounty hunters are requesting to get paid through Bitcoin and Ethereum or other tradeable coins so bounty hunters will not dump their token when it hit the market, thereby protecting its price.

But they don't want that because they do not believe that their own token will have value or demand when it hit the market Cheesy

and that's actually what's happening
That's one of the reasons I can think of if you have more post it here.

This is really a big problem for us. For successful development projects, they forget the bounty hunters and wait for their prices to be extremely low and then distribute them tokens.
I really hate this feeling and I feel like I'm useless at that project. no voice, no rights and only the right to wait.

Well if you do not like that stuff, the power of deciding is yours. Participate or not is your call though not all bounty campaign is like that, some bounty campaign are true to their words. If they promise to distribute the token on that day, they will distribute it but the problem is there is only a few of them here.

rez303

member

Activity: 338

Merit: 10

StartFi

Quote from: fortunecrypto on June 11, 2019, 07:32:39 AM

Bounty hunters are requesting to get paid through Bitcoin and Ethereum or other tradeable coins so bounty hunters will not dump their token when it hit the market, thereby protecting its price.

But they don't want that because they do not believe that their own token will have value or demand when it hit the market Cheesy

and that's actually what's happening
That's one of the reasons I can think of if you have more post it here.

This is really a big problem for us. For successful development projects, they forget the bounty hunters and wait for their prices to be extremely low and then distribute them tokens.
I really hate this feeling and I feel like I'm useless at that project. no voice, no rights and only the right to wait.

StatesManG

copper member

Activity: 462

Merit: 10

Quote from: fortunecrypto on June 11, 2019, 07:32:39 AM

Bounty hunters are requesting to get paid through Bitcoin and Ethereum or other tradeable coins so bounty hunters will not dump their token when it hit the market, thereby protecting its price.

But they don't want that because they do not believe that their own token will have value or demand when it hit the market Cheesy

and that's actually what's happening
That's one of the reasons I can think of if you have more post it here.

you shouldn't blame the bounty managers for that but should blame the project for not paying with other currencies apart from their own currencies. One problem I have figured out is that most of this projects takes bounty hunters for nothing and don't care how we feel about anything

zhengqi

member

Activity: 632

Merit: 60

I believe that this is the greatest myth and misconception that bounty hunters are able to bring down the course of the coin. If you look at the percentage of coins that is allocated for the bounty campaign, you will see that it does not exceed 5%. This is a very small amount of coins in order to be able to affect the value of the coin, especially considering that the coins are divided among hundreds of holders. If the developers say so, then their coin - Scam!

nreal

full member

Activity: 932

Merit: 100

arcs-chain.com

Sadly, most projects will not care about the price of tokens when they are listed, they are interested in the amount of money they get through selling tokens, which is why they pay for bounty hunters with tokens

cabron

hero member

Activity: 2800

Merit: 595

https://www.betcoin.ag

Most of the campaigns that pays their own token are scam, the team can just abandoned the project and you're holding worthless coins. So much for promoting it for months.

If you don't wanna do the bounty campaign because they pay their own token, nothing will make these projects go live. This will stop scam as well so you just get to join a campaign that pay BTC or ETH. However there is not much campaigns that pays BTC except those gambling/casino sites, they are very limited and most of them are full already. Unless you join some that pays very little.

SistaFista

sr. member

Activity: 1638

Merit: 251

Hexhash.xyz

Quote from: fortunecrypto on June 11, 2019, 07:32:39 AM

Bounty hunters are requesting to get paid through Bitcoin and Ethereum or other tradeable coins so bounty hunters will not dump their token when it hit the market, thereby protecting its price.

But they don't want that because they do not believe that their own token will have value or demand when it hit the market Cheesy

and that's actually what's happening
That's one of the reasons I can think of if you have more post it here.

That might be true, but it is actually not the bounty manager decision.
Usually the team themselves are willing to pay bounty participants with their token, not with top coins.
Some bounty managers agree with that, but requiring to pay bounty manager in btc or eth.

DainSLane

full member

Activity: 784

Merit: 112

I do not think that the bounty manager is paying bitcoin or coins tradeable as far as i know bounty manager is also paying from the project team for his work as bounty manager, bounty manager is not part of the project or a team he also like bounty hunter.

Topic: Reason why bounty manager are not paying Bitcoin and other trade able coins (Read 704 times)