You are making it more complicated. Its better for them to start a campaign that pay in ETH instead of token's give allocated eth fund for that campaign and do not use a tokens for payment. The only question right now is if the campaign having that will be successfull and get enough investors ?
Project do not want to use any money to use as capital, because they dont know if that campaign they want to start will be successful.
There should one project start this kind of campaign then if this one success to raised enough funds then other project will also follow.
Topic: Solution for bounty payments - page 3. (Read 414 times)
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It would be nice for bounty hunters but not for project creators. Imagine, in 99% they are here just to earn quick mojey, so they will not give you any part of their raised amount. The rest 1% will not manage bounty campaign because they rather invest into real marleting.
Base on my personal experience, bounties that are paying their participants with ETH can get the max potential participants out there. if they limit it to the member of the high ranks here, they can get some nice and suitable participants for their campaign. they also need to have some capable managers to handle that like Hhampuz and Julierz where they can have a satisfactory result they can get with their managing service. Anyway, if they also used some escrow, they can maximize the number of participants according to their limit.
It will be hard to implement, we all know that ICO/IEO's are having difficulties to raise enough funds for the project. If they will allocate 5% of their raised funds every week for the bounty project, there are chances that your payout in a certain week will not be enough for the work you provided, or maybe you don't get any since as I have said, they are having a hard time to raise enough funds because investors are not confident enough to risk their money.
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!
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!
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
Good idea, but how many projects are willing to pay their participants with BTC/ETH or any other tradeable crypto, only a few. Most projects opt to pay using their altcoin to save them from spending money from advertisements. The only reason I see is when they pay with their alts they won't be spending any money since the payment they are sending has no value yet.
This is a good suggestion mate. However, not all projects that conduct ICO/IEO are willing to pay on major coins such as BTC. In addition to that, what if the process has been done like that. You must consider too the chance that on the first week or following there's a chance that they cant get any funds from potential investors. This isnt the first post that suggest to have hunters compensated by major coins so I think even mostly of the participants give their opinion it is always ignored.
I think hunters should live up their standard and pick only btc/eth payment campaign which we have like my signature campaign and OP's signature. You can also do some altcoin campaign but the abovementioned request isnt gonna happened maybe for some in the past like (Metahash, Xxcoin which have btc sig paid campaign).
Risk is always there but being cautious in picking would give you relief. The process of distribution has been like that since then for altcoins and only we must endure is the pain of seeing the token dump in due time as we arent paid on what was supposedly equivalent of that token as per campaign specified. Anyway, at least your in BTC paid campaign OP.
I think hunters should live up their standard and pick only btc/eth payment campaign which we have like my signature campaign and OP's signature. You can also do some altcoin campaign but the abovementioned request isnt gonna happened maybe for some in the past like (Metahash, Xxcoin which have btc sig paid campaign).
Risk is always there but being cautious in picking would give you relief. The process of distribution has been like that since then for altcoins and only we must endure is the pain of seeing the token dump in due time as we arent paid on what was supposedly equivalent of that token as per campaign specified. Anyway, at least your in BTC paid campaign OP.
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.
So in my opinion the method you suggest is difficult to use for now.
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.)
Though, we can expect for the payment to be lower than before but isn't it better than receiving nothing?
Also, AFAIK, there are already some projects that implement this kind of rule in the bounty section,
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.)
Though, we can expect for the payment to be lower than before but isn't it better than receiving nothing?
Also, AFAIK, there are already some projects that implement this kind of rule in the bounty section,
This is a very good method or pattern as you may term it, but trust me there will still be projects that will refuse to pay.
Non payment of bounty reward is not related to token dump, it is pure scamming attitude that no matter what method employed by bounty managers.
The best solution for me is 50% btc/eth/stable coin, then 50% project tokens, all escrowed by the escrows available in the forum.
Truth remains that some projects will be void, but the best shall prevail.
Non payment of bounty reward is not related to token dump, it is pure scamming attitude that no matter what method employed by bounty managers.
The best solution for me is 50% btc/eth/stable coin, then 50% project tokens, all escrowed by the escrows available in the forum.
Truth remains that some projects will be void, but the best shall prevail.
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!
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!
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