Rewarding bounty hunters with EQUITY SHARES instead of tokens

asriloni

legendary

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Leading Crypto Sports Betting & Casino Platform

Quote from: okala on March 28, 2019, 10:43:11 AM

Equity share for bounty hunters it not a Fair deal because the process that is involved is not clearly stated if the share will be driven from the total found raised during the sale or the share it holds with an equity company. If this aspect is not clearly stated then it can not be guarantee that the bounty hunters will get a fair deal.

Not sure about if that will be different considering the equity shares still represented with the token. A lot of people are still feeling doubt with it, and we will know what will be the truth as soon as possible.
But it's still not yet proven

burky156

full member

Activity: 658

Merit: 112

Yes, we never have to send our KYC proccedure to any bounties for any rewards, there was not such a thing a year ago. But now we have to send our KYC nearly all bounty project.. I think i have send more than 50 times to collect my rewards and thats something not good.. But in the other hand this system could work for bounty hunters and the owners. Specially for the price dumping, with this way it can be avoid i think.

okala

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Equity share for bounty hunters it not a Fair deal because the process that is involved is not clearly stated if the share will be driven from the total found raised during the sale or the share it holds with an equity company. If this aspect is not clearly stated then it can not be guarantee that the bounty hunters will get a fair deal.

masterrex

full member

Activity: 1820

Merit: 107

Quote from: friends1980 on January 28, 2019, 04:48:02 AM

An interesting evolution:

Looks like the DataBlockChain/DBC.io project had some issues with their 2 bounty campaigns. It made them decide to change the initial campaign project, which was "the usual" token payment. They have decided now to reward bounty hunters with equity shares instead of tokens.

This means you have to fill out KYC, send a copy of your selfie with ID and even fill-out a tax form (!!).

I am not sure what to think of this evolution. Could this be a new step in bounty campaign rewards? What about user's privacy protection?

Also, these guys are really dancing on the limits of legality. If you're promising people to pay them tokens, you can't just go ahead and change the rules along the way. Even the most radical of libertarians or anarchists will agree that the principle of "pacta sunt servanda" is the basics of any system or society.

It look's promising idea but i dont think its an easy task to do since most of the time Bounty Hunters are just after the Tokens to sale when it was already listed on exchange thats why its very hard to impose it on particular people or group of bounty hunters as a whole its a difficult and complicated task to do I think? it must went through a more comprehensive study for its effectivenes.

stefany101

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Activity: 616

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I really do prefer of EQUITY SHARES or staking process of paying bounty hunters instead of tokens per week. In this way, bounty participants will encourage to work for their best so that they can have higher stakes than others, especially in video making or article bounties and social media bounties which commonly depends on the amount friends or followers the allocating stakes.

Indamuck

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Activity: 1120

Merit: 554

Quote from: bigcash2011 on March 14, 2019, 04:34:34 PM

The thing is that even if a campaign wants to reward the bounty hunters with equity shares or anything else this should be announced right at the start and not after the end of campaign because a large majority may not be interested to follow the kyc and other procedures so if they know at the start they can skip that campaign. Projects need to make things easier and to the point for bounty hunters and not abuse them.

This is a common tactic, they say nothing about KYC until the very end just to piss people off and not have to pay out as much. Even some of these shady casinos do similar tactics, they let you deposit as much as you want but if you win big they stall you with KYC and endless background checks.

nreal

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Activity: 932

Merit: 100

arcs-chain.com

I'm extremely confused, what bounty hunters will do with what they call "equity shares". If they do not pay for bounty hunters with tokens, they can pay with ETH, BTC.

GreatOrchid

legendary

Activity: 1092

Merit: 1001

Quote from: MasterCATZ on February 15, 2019, 06:16:53 PM

It is unfair to change the rules at the end of the campaign, especially in such important details as personal data and documents, such essential changes should be warned in advance, this shows respect for the work of the bounty hunters.

I experienced that change of rules that definitely unfair to the bounty hunters. Most of the bounty managers prefer to use the stakes system for bounty payments. As far as I am concern, that system cheats! Not everyone can calculate accurately how many tokens one will receive at the end of the bounty. I prefer by far the fixed amount system so we know that for a certain period of work, this is what we will receive.
If they have to change it in the end, maybe the best way to do is a fixed payment instead so it will be easy to calculate the unforeseen circumstances that may occur at the end of the campaign period.

bigcash2011

sr. member

Activity: 1442

Merit: 265

The thing is that even if a campaign wants to reward the bounty hunters with equity shares or anything else this should be announced right at the start and not after the end of campaign because a large majority may not be interested to follow the kyc and other procedures so if they know at the start they can skip that campaign. Projects need to make things easier and to the point for bounty hunters and not abuse them.

Huntler1993

member

Activity: 462

Merit: 13

Its quiet unfortunate when the rules change, it does affect many but i also think equity share is not bad and its a long term investment either than just the issuance of tokens.

Ultimist

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Activity: 812

Merit: 102

It would be good for bounty hunters, but then you need to do a more rigorous selection of participants. After all, not all bounty hunters will use the company's shares wisely. This already implies a certain responsibility.

Genrix

member

Activity: 630

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Yeah, I remember that scam. Don't rely on that, because they just want to collect your data and that's it.
Stay away from scammers, mate! Datablockchain is verified scam!

mrdeposit

hero member

Activity: 1358

Merit: 509

Quote from: bitcoin-shark on March 11, 2019, 03:55:20 PM

i do not think it's a good idea to change the rules in the running, while the bounty campaigns are already taking place and oblige the bounty hunters to the kyc procedure, just hope this does not become a habit and i also hope it will not be repeated with other ico, at the start of bounty clear pacts payment in token utilities that possibly should be left to an escrow...

Of course, the subsequent change of rules should be restricted. But this is expanding recently. If there have restricted countries, I do not know any other way about how to solve it. Also, it aslo creates difficulty against bounty hunters about cheating.

bitcoin-shark

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Activity: 3066

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i do not think it's a good idea to change the rules in the running, while the bounty campaigns are already taking place and oblige the bounty hunters to the kyc procedure, just hope this does not become a habit and i also hope it will not be repeated with other ico, at the start of bounty clear pacts payment in token utilities that possibly should be left to an escrow...

crzy

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Activity: 2128

Merit: 180

Quote from: beeelzebub on March 11, 2019, 03:48:04 PM

I wonder if this legit or they are trying to steal identities.

If legit, they are choosing a higher road, we never see any other bounties before.

This is too good to be true right now, since if they give equity shares instead of bounties then how they can liquidate that and who will be the on to buy that equities. I still see that giving some part of your coins are more ideal than to make bounties as part of the company, it will be hard for a hunter if they don’t understand a system like this.

beeelzebub

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I wonder if this legit or they are trying to steal identities.

If legit, they are choosing a higher road, we never see any other bounties before.

lornadane

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Activity: 529

Merit: 101

Actually, it wasn't their plan when they started the DBC token sale, I asked them in PM, one of the Datablockchain admins replied me that DBC ICO raised over 25 Million USD but they will not come in the exchange, the team changed their minds but still, they will be working based on blockchain technology. Many projects ignored bounty distribution when they launch new things like Tokenpay bounty. But datablockchain is very honest here, they are giving DBC shares as a bounty reward. I was feeling bad so I expressed that to an admin, he replied you should be happier because DBC share will be backed by the big partners.

D1jay

copper member

Activity: 294

Merit: 5

if the equity shares will worth something then i don't see anything wrong in getting paid through this means neither do i see the big deal for requesting kyc to claim your reward, besides it is a matter of choice, hunters can decide to go through kyc or not, it is up to them.
also i do feel this method will definitely curtail the usual dumping attitude of bounty hunters immediately they receive their payment, if you are not paid in tokens then there won't be any dumping Grin

friends1980

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nutildah-III / NFT2021-04-01

Quote from: PuertoLibre on March 11, 2019, 02:20:29 PM

I prefer the old way of earning with bounty projects too than accepting the offer of new projects that want to pay in equity shares to bounty hunters. There is no regulation in many ICOs and these unregulated conditions let the project management to pay however they prefer to bounty hunters.

I think in the end it will all depend on how seriously they are taking their bounty/equity policy and how and if bounty hunters will be paid correctly as promised. Which is exactly why I will try and keep following where this one is going and keep you posted.

Cheers guys.

PuertoLibre

legendary

Activity: 1890

Merit: 1003

I prefer the old way of earning with bounty projects too than accepting the offer of new projects that want to pay in equity shares to bounty hunters. There is no regulation in many ICOs and these unregulated conditions let the project management to pay however they prefer to bounty hunters.

Topic: Rewarding bounty hunters with EQUITY SHARES instead of tokens (Read 623 times)