Reason why bounty manager are not paying Bitcoin and other trade able coins - page 2.

armarsterling7

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Quote from: fortunecrypto on June 11, 2019, 08:32:39 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.

Yes, they are not confident in the development of the business. But one more thing that makes me very uncomfortable is their lack of responsibility. When the value of the token is higher than expected and the volume is quite high, they don't care about the bounty hunters, who have helped the project to be widely promoted. they delay and continue the delay until its price drops sharply.
This is really an injustice for bounty hunters. We should condemn this.

princeyeboah

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Most projects do not pay in Bitcin or other tradeable coins because the the team intends to promote their own coins. Most of these projects have their own cryptocurrencies serving as the major facilitator within their ecosystem, hence do not encourage the distribution of other tradeable coins.

Aldrinx00

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Yes this is true and also i think other reason is that most projects are just fake and scam, so why would they pay bitcoin if there only agenda is to get bitcoin from others then run? It's hard to look for projects that are willing to pay with bitcoin nowadays compare to 2017.

TravelMug

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Quote from: fortunecrypto on June 11, 2019, 08:32:39 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.

This could be true. But do they have the funds initially?

Quote from: fortunecrypto on June 11, 2019, 08:32:39 AM

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.

Probably the best reason is that they don't have the money to begin with. I don't think that they believed that their token is worthless, I mean they put hundreds if not thousands of hours behind their project, unless they are pulling a scam out there. The problem is that after they release it, they should have unless done improvements so that investors are going to stick with them.

thesmallgod

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You just one cogent reason. Another reason is also because dev are always looking for the cheap and easiest way of promoting their business and bounty campaign seems the best for them. You can have more than 10,000 bounty hunters participating in a campaign which at the end of the day may not even pay them or even change the agreement and locked their token for a very long period of time. E.g Asobicoin.Paying hunters with BTC and ETH will require them to only afford limited participants and also the fund to be spent need to be readily available.

Caladonian

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Quote from: fortunecrypto on June 11, 2019, 09:31:06 PM

I'll still maintain my opinion that these developers don't want to pay with tradeable coins because they don't believe that their coins will have a competitive price in the market, commensurate to the rate they will give to their bounty hunters, I have been into ICO as bounty hunter and have seen it so many times, their coins 60 to 90% down in their ICO price or worse no value in the market.

The impression that even the team behind do not believe that support will be there for the project, after being done doing the ico and already got a chance to be listed inside exchange, if the team have that attitude they won't bothered paying the hunters tokens and will not be intimidated in any case whether
the project will succeed or fall continuously.

Developers who don't believe with their own work always aiming to earned quickly.

Ridwan Fauzi

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Merit: 147

It means they don't believe to the function of their token in the future. It's actually easy to make most investors believe that the token that will be created can potentially be used in the future. They are just looking for someone who is truly experienced in the crypto world and then gives a whitepaper that at least does not have by other coins or can just perfect the coin function that is already in the market. That way there will be many bounty hunters who are ready to be paid with anything to promote the project to completion.

taguig

copper member

Activity: 479

Merit: 11

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.

Augustyusuf

jr. member

Activity: 546

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first think, bounty payment not made by bounty manager, BM just running the bounty program from the start until success finished, then report the final sheet to the dev team, and the one who make a payment is the team itself, not BM buddy.

billyhaleym

copper member

Activity: 128

Merit: 3

Once you support a project I think you should be confident of that project doing well and opting for payment in BTC or Ether is likely to say you don't have confident in the project and most projects won't adhere to that, For me I believe every project had its terms and conditions hence should be followed

tsaroz

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Bounty managers would pay bounty participants according to the terms stated by the project team.
There are a few reasons why the project likes to reward bounty participants with tokens rather than coins.
1. The project needs money now and can reward the investors and bounty participants later. (profit in future)
2. They want bounty participants to get involved in their project community and spread informations about the project even after the bouty ends. (free advertisement for life)

john_nautica

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Quote from: Red-Apple on June 11, 2019, 09:18:20 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!

I also think so if they prefer to pay with tokens because without any fees. so now, payments with bitcoin or ethereum are starting to be rarely done by bounty hounter participants, maybe the team still wants to hope that if their tokens can be released in the public they don't think about the price.

jazmuzika217

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Quote from: michellee on June 11, 2019, 09:25:05 PM

I think the bounty managers are not responsible for sending the payment and that will be a job for the developer to give the rewards to the bounty hunters. Many projects prefer to give their tokens to the bounty hunters and not giving them bitcoin or ethereum as the rewards. So far, bounty hunters still are on the wrong side because they will sell all of the tokens when it's launch at the market and that will dump the price into the lowest price.

Yes this is right because bounty manager doing their job to find a participant to promote the project and only the organization or the project owner os the right way to make a decision if their want yo send tradable altcoin or their own token, if you want to earn bitcoin just find a good signature campaign on the services that manage by trusted campaign manager like sir Yahoo.

fortunecrypto

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thecryptocurrency.directory

I'll still maintain my opinion that these developers don't want to pay with tradeable coins because they don't believe that their coins will have a competitive price in the market, commensurate to the rate they will give to their bounty hunters, I have been into ICO as bounty hunter and have seen it so many times, their coins 60 to 90% down in their ICO price or worse no value in the market.

michellee

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I think the bounty managers are not responsible for sending the payment and that will be a job for the developer to give the rewards to the bounty hunters. Many projects prefer to give their tokens to the bounty hunters and not giving them bitcoin or ethereum as the rewards. So far, bounty hunters still are on the wrong side because they will sell all of the tokens when it's launch at the market and that will dump the price into the lowest price.

Shova

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Quote from: fortunecrypto on June 11, 2019, 08:32:39 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 indeed correct. If the project were so sure about itself and its token, it would have been safer for them to pay bounty participants in bitcoins or ethereum than risking the token's price. But as they are so sure that their's project is just a give stupid tokens and earn money scheme, they opt for providing the tokens. The tokens actually have no value unless users give them or the market demands it.

auntyjmary

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Activity: 368

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It is just mere assumption that bounty hunters wants to be paid in bitcoin or Ethereum which are popular coins. Either ways, there is still some hunters who wants to be paid with the official token of the project they are promoting. You need to believe in a project you are promoting. I don't see the reason why you should have less hope in the token/coin of a project that you are promoting.

714

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Bonus managers cannot decide on the bounty hunter's remuneration. They are simply being managers instead of development teams and receiving their salaries.
And the development team loves to be paid by their token because they won't lose anything.

spydee1522

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Activity: 378

Merit: 10

That is the ultimate truth, project managers always consider whether their tokens will hit the exchanges or market outside there and in a way protect the value of their tokens. To me, since bounty hunter are always blamed for dumping, it would have been a nice decision and idea if these project managers choose to pay bounty hunters in btc, eth and the rest top five cryptocurrencies.

TimeTeller

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Quote from: cryptofirm on June 11, 2019, 09:22:10 AM

Quote from: fortunecrypto on June 11, 2019, 08:32:39 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.

sometimes bounty manager is outside from the team member from the project,
so, this bounty manager didn't have enough power to decided what kind of payment for hunters my friend

Quote from: Xalata on June 11, 2019, 06:06:46 PM

The bounty managers are not responsible for paying bounty hunters. Most project managers like to pay in their own native tokens because that is what they have in abundance. And at times too, because the coin has not been on exchange yet, they can't really tell the actual price of the coin so as a bounty hunter, if you believe in that project, then you should be ready to accept those tokens.

The major reason has been said already, it is not the decision of the bounty manager what kind of payment a particular project should give to its hunters.
The decision comes from the team themselves. The bounty mgr can give his suggestions but it is the team's decision what is the final form of payment they want to give.
If the team can afford to pay btc or eth, then, it shows they have funds to spend with.
But most projects allot their own tokens because they don't have to shell out their actual money.
As everybody knows, that token has no value yet, until it hits the exchanges and be actually traded.
You can tell if the project has sustainable future if they can maintain their price for long periods of trading.

Topic: Reason why bounty manager are not paying Bitcoin and other trade able coins - page 2. (Read 633 times)