Topic: Reason why bounty manager are not paying Bitcoin and other trade able coins - page 3. (Read 704 times)
June 11, 2019, 05:11:57 PM
The point you gave is partly part of the reason bitcoin and other trad-able coins are not given. Most don't trust their project to perform well when it hits the exchange. But some sincerely want a wider audience to hold their token so as to get a high liquidity and a better community. Community should be responsible for building any project price growth and shouldn't be left for developers alone.
June 11, 2019, 05:06:46 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.
June 11, 2019, 03:38:34 PM
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!
the fee have cost if the token is from ethereum but it just small amount compare if they pay in coin that tradable in some exchange.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!
June 11, 2019, 03:17:15 PM
The project that pays in the tokens of it allows the coins to circulate among the bounty hunters and as a result they get into to participate in the success of it after it is listed on exchange. But if managers pay in Bitcoins or Ether, they won't get the hunters to purchase the project tokens.
June 11, 2019, 03:13:05 PM
Absolutely right, i think their mentality is that why pay bounty hunters with precious btc or eth which they have raised with months of promotions and fundsraising rather give them the tokens that have no value atleast uptill product development phase and there after the business phase where the demand comes, personally im still happy to receive project tokens and wait but last years many many campaigns have not even paid the tokens that were owed to the bounty hunters.
June 11, 2019, 02:06:39 PM
for teams, its easy to pay their own coin because there is nothing to lose. we could only speculate the price of their coin but the reality of it will come when its on the market. there are no guarantees as they say. its like a box of chocolate .
if they pay BTC, they would have to try harder to make up with their loss but with their tokens, they couldn't care whether it has value of not. take this as a fact as i have. June 11, 2019, 01:52:53 PM
The organizers of the project can not give bounty hunter awards in ETH and BTC. Since they themselves raise funds for the development of the project. Just imagine what a huge amount will need to pay bounty hunter... And you forgot about the fact that to go to the listing on the exchange you need to pay.
June 11, 2019, 01:32:44 PM
Some missed the more important point the OP is trying to make here.
I've been in some bounty campaigns that pays trade able coins but most of them are post ICO campaigns or privately funded campaigns. You can hardly see BTC/ETH paying ICO/IEO campaigns/
I've been in some bounty campaigns that pays trade able coins but most of them are post ICO campaigns or privately funded campaigns. You can hardly see BTC/ETH paying ICO/IEO campaigns/
June 11, 2019, 12:43:40 PM
Do you believe the bounty managers are paying tradable tokens or bitcoin? Both are incorrect information. Bounty managers are handling the bounties for the tokens of that ICO.
We are not sure that those tokens are listed on exchange or not. Maximum the tokens receiving by participants are not the worthy tokens or will not get listed on good exchanges. We need to check the good ICO while you are participating in the campaign.
We are not sure that those tokens are listed on exchange or not. Maximum the tokens receiving by participants are not the worthy tokens or will not get listed on good exchanges. We need to check the good ICO while you are participating in the campaign.
June 11, 2019, 12:37:36 PM
i think some project have low economy and all their money is run out to make new token and development their own project.
but how if before starting to lauch ICO why they don't try to stock first ETH for paid bounty hunter.
if bounty hunter is get paid they will never going to FUD or angry because late payment nad distribution.
but how if before starting to lauch ICO why they don't try to stock first ETH for paid bounty hunter.
if bounty hunter is get paid they will never going to FUD or angry because late payment nad distribution.
June 11, 2019, 12:30:02 PM
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
and that's actually what's happening
That's one of the reasons I can think of if you have more post it here.
dont think this will be easy to achieve. If ever a project would agree to this terms or would make payments with already existing coin means that the project has funding already and is sure project will launch. Many projects depends on the fund that they would raise to develop project. 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
and that's actually what's happeningThat's one of the reasons I can think of if you have more post it here.
June 11, 2019, 12:29:09 PM
the reason they chose to pay using own tokens, IMO because by paying using their own tokens as if they pay for free not spend a penny. and by paying using their own tokens they can set when tokens are distributed and when tokens can be withdrawn.
June 11, 2019, 12:18:55 PM
Let's start with the fact that the bounty manager is the same person as a member of the company's bounty, as he also receives payment in project tokens and doesn’t really depend on him and the project is of course more profitable to give his token as they can manipulate the course in the future.
We don't really know what the talked behind before the bounty managers accept the job, maybe aside from tokens from the developers also some decent btc or valuable coins that accompanied the paycheck, whatever the reason if the team will developed good project and usable product chances
to be supported will give the bounty hunters good rewards after.
June 11, 2019, 12:08:31 PM
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 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 have a good point but bounty managers are not in the position to send out payments or in the position to say what coin should be paid to the hunters. I have seen projects that pay out on tradeable coins or tokens like you have mentioned. 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
and that's actually what's happeningThat's one of the reasons I can think of if you have more post it here.
June 11, 2019, 12:01:30 PM
It's a very and a super duper old repetitive question like many people have questioned this time by time.
The reason is, the bounty manager is hired by the project, it really depends on the company of the project whether they are going to pay the bounty users in token or btc.
The reason is, the bounty manager is hired by the project, it really depends on the company of the project whether they are going to pay the bounty users in token or btc.
June 11, 2019, 11:57:11 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 and that's actually what's happening
That's one of the reasons I can think of if you have more post it here.
If they don't believe that the token's project that they are advertising and managing as a bounty or campaign will have value, then why they're keeping their task and staying to manage it? and that's actually what's happeningThat's one of the reasons I can think of if you have more post it here.
Let's start with the fact that the bounty manager is the same person as a member of the company's bounty, as he also receives payment in project tokens and doesn’t really depend on him and the project is of course more profitable to give his token as they can manipulate the course in the future.
Mostly they are receiving payment in tokens too but a reputable one would choose the best payment method and can demand his preferred crypto as means of payment. 
June 11, 2019, 10:44:10 AM
Let's start with the fact that the bounty manager is the same person as a member of the company's bounty, as he also receives payment in project tokens and doesn’t really depend on him and the project is of course more profitable to give his token as they can manipulate the course in the future.
June 11, 2019, 10:40:07 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 and that's actually what's happening
That's one of the reasons I can think of if you have more post it here.
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
and that's actually what's happeningThat's one of the reasons I can think of if you have more post it here.
In 99% of the bounties, bounty managers have no role in deciding the payment method! It's the owner of the ICO who decides what to pay and how to pay. So your statement is technically incorrect.
Secondly, ICO is a funding event. If bounties are paid in bitcoin or any other tradable coins, then they would requires a huge capital to start with. It is cost effective for the ICO owners to use their own tokens to pay the bounty hunters! But I believe the entire bounty system is flawed! ICO owners should think about new marketing strategies!
Maybe I have to correct myself on that bounty managers are also alter ego of ICO developers if we can create a trend that ICO's or any other crowdfunding platform will pay their bounty hunters with tradeable coins it could be a win-win situation, maybe I just missed the old times when bounty hunters are paid in Bitcoin, those were the times when there are a lot of great projects doing ICO.
June 11, 2019, 09:40:42 AM
Its good to really request the team to ask for BTC pay but that is if bounty hunters unite and ask for it, I think we can all be as powerful as becoming a huge market influencer if bounty hunters unite to ask and not promote the project if they don't pay upfront to an escrow. However if the project is good. Its not that they don't believe to their own project but when the price of their token drop due to hunters dumping it, they can easily buy them all back for their own profit.
June 11, 2019, 09:39:42 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 and that's actually what's happening
That's one of the reasons I can think of if you have more post it here.
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
and that's actually what's happeningThat's one of the reasons I can think of if you have more post it here.
In 99% of the bounties, bounty managers have no role in deciding the payment method! It's the owner of the ICO who decides what to pay and how to pay. So your statement is technically incorrect.
Secondly, ICO is a funding event. If bounties are paid in bitcoin or any other tradable coins, then they would requires a huge capital to start with. It is cost effective for the ICO owners to use their own tokens to pay the bounty hunters! But I believe the entire bounty system is flawed! ICO owners should think about new marketing strategies!
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