Topic: Solution for bounty payments - page 2. (Read 433 times)

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.)

That's exactly rolling in my minds when i was reading OP's post. Reward just worthless if you can't use it. I got hundreds of tokens/coins which are valueless, so i worked for them and i got literally nothing. In that case if some projects offer 50% eth (or btc or that based token which it created from) and 50% project token/coin then it'll be great. It's a win win situation for both side i guess. Cause bounty hunters got paid no matter project reach their goal or not and project also spread their coin through the bounty hunters.

after a week is completed the project team can distribute 5% of the funds raised in that week to the bounty participants in bitcoin or ethereum or dual (tokens+ BTC/ETH).

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.

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.

You need to take into consideration that each distribution takes time, effort and gas in order to be distributed.
And it still doesn't protect you from projects that end up dead without any exchanges. You'd be getting worthless tokens which you can't sell

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.

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!

The solution you provided is good, but I think it only applies to projects that raise money using the ICO method. Now the method that is often used to raise money is IEO. The money that is collected is saved in the exchange before the IEO is finished.

So in my opinion the method you suggest is difficult to use for now.

You will have to become a bounty manager with this rules to work, or either create a bounty platform separately but I doubt if many new projects would love to follow this rules of yours, the best solution to this will remain escrow

Bounty hunters have been facing bounty related payment issues since day 1. Bounty hunters have been scammed so many times that this board have been filled with threads asking for a solution to this problem. I was just thinking about what could be the solution for the payments of bounty hunters that would be feasible for both the project team as well as the bounty hunters and an idea struck my mind. It goes like

We all know that every project has a % of amount that is allocated to bounty programs and campaigns.
What most projects do is raise the funds and then distribute the tokens at the end and this is where the scammers take advantage of this method.
A possible solution could be that the project team raise funds and distribute the % of money raised on weekly basis for that particular week and that too in BTC/ETH/ProjectTokens.

For example:
My project has 5% of money raised allocated towards bounties and campaigns. Assuming the bounties and fund raising starts on the same date,
after a week is completed the project team can distribute 5% of the funds raised in that week to the bounty participants in bitcoin or ethereum or dual (tokens+ BTC/ETH).
Similarly they can proceed with the same process the consecutive weeks until the fund raising is complete. Hence only 5% will be distributed every week for that week alone.

This way the project will still be distributing only 5% of the total fund raised but would have distributed it on weekly basis.
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!