your solution is good where they only spend a maximum of 5% of their total income for 1 week.
but here is the problem if the budget they receive is not stable this will certainly cause a little problem, and also depends on the project.
can you imagine if a good project generates a lot of funds for 1 week maybe they will hesitate to spend money to pay for hunters and better pay using their tokens.
Topic: Solution for bounty payments (Read 448 times)
Even if there are escrow for all new bounties or bounty projects start paying in BTC or stable coins there will always be some who will go scam or refuse to pay bounty hunters
How can they scam or refuse payment if they have escrow? It is the best and safest way in the market today, and new projects should require escrow to secure bounty hunter payments, in addition to new projects also need to try to list their tokens at exchanges after the IEO or ICO ends 
Mate, the solution to not being scammed are there & so simple & can be applied by any ICO out there, but they simply won't do it for a good reason.
There is also a good way for that is to escrow the bounty portion % to a trusted BTT admin or trusted member, but they won't do it & that's why people lost faith in ICOs in general.
There is also a good way for that is to escrow the bounty portion % to a trusted BTT admin or trusted member, but they won't do it & that's why people lost faith in ICOs in general.
I think it is good, but not good enough,
Why not require them to allocate funds that is excluded with the amount of investments they can collect. For example, they can run a bounty that they wi pay bounty hunters base on their work (pay per posts, etc.)
Most projects allocate rewards as project tokens because they don't really have enough capital to pay the bounty participants their rewards.Why not require them to allocate funds that is excluded with the amount of investments they can collect. For example, they can run a bounty that they wi pay bounty hunters base on their work (pay per posts, etc.)
This is why I gave a solution to pay potential cryptocurrencies such as bitcoin and ether from the the funds they raise.
If any project is denying this, then it means they want to scam the bounty participants.
This can be one of the ways to identify scam projects because the genuine projects should not have a problem if they are raising enough funds.
Even if there are escrow for all new bounties or bounty projects start paying in BTC or stable coins there will always be some who will go scam or refuse to pay bounty hunters
To be honest, no project is interested in bounty at the moment, the market is too boring and their projects will never succeed at this stage. So bounty will die just like those projects, joining bounty is a waste of our time because it won't bring any profit.
Bounty projects interested to pay their native tokens but mostly garbage because end of the day they will go deceive with bounty hunters. Your all of points are good things if it will applicable in the single campaign. Why you can't expect profit or worthy payments at this time but you won't expect payments from all of those bounties.
Your method is good but it also depend on trust. There is this project called asobi that has concluded token sales more than a year ago. They adopted the same method of sending token to the participants every week. Initial things were fine. Although nobody knows the campaign the distribution. Start from but people that were to receive smallest token received first but later things went sour and many people did not receive token especially those that participated in article campaign.
Even how hard you try to help the system to have a good shot still it is about scamming who will win,do you think these scammers don’t tend to victimized hunters?
Of course they knew it from the start thats why they dont care about our sentiments as bounty hunters because all they care is their profit and not our position.
They will take the money and will let hunters wait forever,the only answer here?stop supporting these scammers by not participating in their bounties .
Of course they knew it from the start thats why they dont care about our sentiments as bounty hunters because all they care is their profit and not our position.
They will take the money and will let hunters wait forever,the only answer here?stop supporting these scammers by not participating in their bounties .
Good idea but it will be very hard to implement, every developers want to have ethereum and Bitcoin and tradeable coins in the market, actually they do not want their coin they want to dispose it and keep these tradeable coins in their pocket, so if the project becomes obsolete they have coins with value.
Most projects allocate rewards as project tokens because they don't really have enough capital to pay the bounty participants their rewards.
This is why I gave a solution to pay potential cryptocurrencies such as bitcoin and ether from the the funds they raise.
If any project is denying this, then it means they want to scam the bounty participants.
This can be one of the ways to identify scam projects because the genuine projects should not have a problem if they are raising enough funds.
This is why I gave a solution to pay potential cryptocurrencies such as bitcoin and ether from the the funds they raise.
If any project is denying this, then it means they want to scam the bounty participants.
This can be one of the ways to identify scam projects because the genuine projects should not have a problem if they are raising enough funds.
So it will be necessary for the project to think about how they can have money to start the project, and don't depend on the money from the investor. Yes, that can solve the problem for the bounty hunters because they don't need to feel worried if the project doesn't pay them. If the capital to pay the bounty hunters can be handled with a recommended escrow, then that will give another benefit for the project.
The investor will look at the project as a good project because they can prepare some money for the bounty money, they can use an escrow to handle the payment, so they can focus with the project until it's finished.
I think best solution for bounty campaign hunter is distributed coin on time, after ICO or IEO ended is not the reason why have to delay distribution for bounty participants, its not care about how much coin price on the exchange market or coin not ready for listing.
true, why should we find a way to be able to postpone not the right commitment is that when ICO and IEO have been completed they must immediately distribute as agreed, without having to look for other alternatives to delay, and the way it is often seen today. obviously this is unfair and very detrimental. You came up with a very interesting idea. But there is one problem. Do you think someone will do this? Because it is superfluous work. It is much easier to pay once at the end than to pay every week, because some projects run the program for several months. They need to do a lot, but here is a new point, which, if applied, cannot be carried forward. In general, I believe that no one will do it.
if that things work do you really think the campaign will open for all? Of course not ,they will only required a number of member to participate and besides counting everything is the manager jobs , so even its weekly ot monthly its still the same unless the manager is too lazy not to count all qualified participants in weekly basis.I think best solution for bounty campaign hunter is distributed coin on time, after ICO or IEO ended is not the reason why have to delay distribution for bounty participants, its not care about how much coin price on the exchange market or coin not ready for listing.
the delay is ok if there are value we are expecting to the tokens we hold the problem if there is not , why delaying to distribute the tokens which is actually dont have value.The problem we experience right now is the payment rate its too low for the job done.
I think best solution for bounty campaign hunter is distributed coin on time, after ICO or IEO ended is not the reason why have to delay distribution for bounty participants, its not care about how much coin price on the exchange market or coin not ready for listing.
You came up with a very interesting idea. But there is one problem. Do you think someone will do this? Because it is superfluous work. It is much easier to pay once at the end than to pay every week, because some projects run the program for several months. They need to do a lot, but here is a new point, which, if applied, cannot be carried forward. In general, I believe that no one will do it.
I think this is also good solution but not possible in BTC/Eth payment only good for the project tokens, My proposal is when any project conducts the IEO/ICO then the bounty manager must collect the tokens from the project in term of pre-funded bounty, as then the Bounty manager will respond and I am sure he will deliver the bounty rewards to the bounty hunters well in time.
Most of the bounties started months before their ICO period starts to get exposure for their project so the best solution will be pay from their pocket.
Its easy to say, but as you can see. Most developers needed funds in order to continue their progress and they arent rich like others who like to spend their own for giving some rewards for those who will help them get attention. The timeline for some marketing isnt matched with what OP's suggestion as not all are same in launching their ICO but mostly doing their ahead of time for some boost.
This is surely the better way of rewarding the participants, whether be it weekly or at the end of the advertisement period, at least half of the reward should be in popular coins and just the rest of half or lesser on tokens.
Monthly at least to give some space for their adjustments. Managers will check first and needed to finalize every payments. Plus its a huge set of participants, doing it weekly will be burden. Plus budget wise, Im not sure this is effective on their part.
This is surely the better way of rewarding the participants, whether be it weekly or at the end of the advertisement period, at least half of the reward should be in popular coins and just the rest of half or lesser on tokens. This would not only make the participants happier, it would also prevent the so called dumping of bounty rewards.
I agree with your suggestion to pay bounty hunters on a weekly basis like a campaign because it is more effective like this and there is clarity about distribution so bounty hunters don't hesitate or ask when they will start distribution. Or at least the funds for the allocation of the bounty are held by the bounty manager to avoid projects that don't pay.
So many threads about to discuss the solution for bounty payments have already created but this will be going back again to the team's decision whether they wanna use a native coin to pay the hunters or not. This idea is too far to be a real thing as the developer is having all of the control over the funds. if that was using escrow and it's still possible to happen but when it will be paying by the team directly and just try to think about this will be useless. I really appreciate your idea but the result depends on the team. I don't even think if those guys on the team wanna use the native coin that has real value and liquidity to pay the hunters.
that will never happen. Escrow is the only solution but that has rarely used in the bounty campaign.
You're right, so far escrow is the best choice by providing a guarantee that bounty hunters will be paid according to the initial agreement, this reduces the risk of allocation cuts. But do not expect too much if there is no guarantee for listing on the exchange, so expect only as needed so as not to be too disappointed. Being wrong is indeed a bounty hunter, we must always be prepared for whatever risks that will occur, so strengthen your mentality.that will never happen. Escrow is the only solution but that has rarely used in the bounty campaign.
Agree, escrow makes bounty hunters feel comfortable because the allocation is clear and may not change anymore. Campaigns that provide payment in the form of ethereum or bitcoin can be an alternative but usually budgeted allocations are not much
Since the project team will be collecting BTC/ETH from the investors they shouldn't have any problem in distributing what they promised to the bounty participants and the bounty hunters will be more than happy to receive BTC/ETH as a payment and that too on a weekly basis rather than have to wait until the end of fund raising.
Let the comments drop below!
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