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Topic: Reason why bounty manager are not paying Bitcoin and other trade able coins - page 4. (Read 704 times)

full member
Activity: 1148
Merit: 116
Bounty managers are not the ones to pay bounty hunters in bitcoin or other trading coins its the developers call to make not bounty manager ,all what bounty manager have to do is coordinate a smooth bounty experience ,sometimes even a project teams are the ones responsible for bounty payments
jr. member
Activity: 113
Merit: 2
They don't have to buy Bitcoin or eth or any tradeable coins because they can get it in their sales and if they didn't reach their soft cap they will not pay their bounty hunters, all ICO is like that they will not pay bounty hunters if they did not reach the soft cap
The bounty rewards are usually pre-set. What if in the end the sales result isn't enough for bounty payment? You want your goodness but project developers want their goodness. It's kind of a game theory. Paying bounty in ICO token is the fairest way for both sides (if that ICO doesn't scam).
legendary
Activity: 3668
Merit: 6382
Looking for campaign manager? Contact icopress!
the only reason why they pay in their own token is because it doesn't cost them anything!

Exactly. And that's why people should learn and look around a little. Get the background of the project a little. See if the project has any future. See if it worth the hassle. See if the project has a good enough chance to reach one or more exchanges quickly and, why not, if the project's coins/tokens would worth more in a year.
If a minimal background check would be done, there would be less spam and less crying.
legendary
Activity: 2450
Merit: 1047
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!

They don't have to buy Bitcoin or eth or any tradeable coins because they can get it in their sales and if they didn't reach their soft cap they will not pay their bounty hunters, all ICO is like that they will not pay bounty hunters if they did not reach the soft cap

Bounty managers are only doing their work and they are not the one who make the decision on what to pay to the bounty hunters. All decisions came from project owners but there are few projects who are paying bitcoin or other coins that have a value already.

Bounty campaigns are marketing strategy to all the project owners and they are using it in order to hype or to spread their projects all over the world just to obtain the maximum investments that they can get. So if you are a project owner then there is a big chance that you will use your tokens instead of other tokens in paying the bounty hunters, that's how marketing works.

He can suggest this and besides some bounty managers are members of the team, majority of bounty hunters prefer tradeable coins and they will prioritize this project.
hero member
Activity: 1932
Merit: 506
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Bounty managers are only doing their work and they are not the one who make the decision on what to pay to the bounty hunters. All decisions came from project owners but there are few projects who are paying bitcoin or other coins that have a value already.

Bounty campaigns are marketing strategy to all the project owners and they are using it in order to hype or to spread their projects all over the world just to obtain the maximum investments that they can get. So if you are a project owner then there is a big chance that you will use your tokens instead of other tokens in paying the bounty hunters, that's how marketing works.
sr. member
Activity: 1039
Merit: 250
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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
hero member
Activity: 1470
Merit: 655
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!
member
Activity: 462
Merit: 11
It just me speculating, but I think the reason here is that it will be the project managers or developers that are the ones that are in control about what they want to reward the bounty hunters. That being said it is much easier for thee project managers to give the rewards as the tokens they promote as opposed to having cryptocurrencies with real value in the market as they will not pay a certain amount to the participants. Instead they let the market decide what the price will be.
legendary
Activity: 2450
Merit: 1047
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.
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