Topic: Solution for bounty payments (Read 433 times)

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.

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.

Correct, but many projects is owned huge capital to promote their projects by pay btc or eth or different a lot of stable coins. I think there are no team's are agree to make allocation for bounty hunters from their initial fund. Stable coins and escrow both of ensure before conducted any projects then there are no possibility to scam by team's in the bounty hunters.                    

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

It is indeed true that most of the bounty projects are paying their own tokens that they are selling to bounty hunters, that is not always becoming garbage, you have said that because maybe you have chosen or supporting a bounty project that doesn't have any solid platform that is why there are little amount of investors supporting that project if there are really lots of investors supported that particular project, there is a big possibility that the particular project you have supported will be gone successful in the future. But I think as of now, it is really hard to support any bounty projects because there are a small number of investors to deposit their funds into any project, they are choosing to hold that than to invest it. Maybe if the market really recovers just like what happened before, bounty projects will be alive again. Just continue to support and continue believing. As of now, the market is recovering from a big downfall, we are all hoping for that to continue.

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 .

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.

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.

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.

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.


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.

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.


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.

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

That should be a solution I guess, the developer should have a plan to use the fund. Let say the team need 70% from the fund to develop/build the project and the rest the fund can be allocated for bounty hunter as their promotion place. There is an advantage for the developer to build their token, such as when the token has been listed on the exchange they will never be afraid to see the token price is dumping because the investor will keep the token on their wallet. It will be different when the developer use their project as a payment methode, I believe when the token has been listed then there will be many bounty hunter who sell the project and make the price decrease.

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.

I did mention that the project can allocate dual payment system which will be better for both the project team and the bounty participants.

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.

Sometimes it made me realize that I will be quitting crypto, but I never gave up until the entire forum will die. Still we're here alive and kicking so there's no reason for us to leave crypto, and maybe if that certain project comes to a non sense idea due to non profitability but we need to divert on other options like trading other crypto that which you think sustainable, because relying on bounty isn't an assurance.

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.

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.

A good solution for bounty payments would be that the team of the project should have the bounty token funds before ending it and letting the hunters with a less supply than before or even not paying them at all as I saw a lot of this situations and the train not seems to stop anytime soon.

Also lets look at the project side now when the funds are not coming into ICO's like they did 2 or 3 years ago so they are struggle to raise the necessary funds but they should not make bounties if they cannot pay the participants.

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.                

I doubt if any project will agree to this, the whole crypto market downtrend is affecting everyone not just bounty hunters but even the projects devs are complaining as it is getting more difficult by the day to raise money for startup projects. No matter what strategy got applied to bounty payment,  it wont stop scam projects from doing their usuals and sometimes,  these project developers do have intentions to pay but the general market downtrend do turn tokens to shiit worth of nothing, evens if such tokens got distributed,  it will rot in your wallet

Aside from that, most of the projects are not really raising money from ICO. Very few of them will disclose the real truth of their fund raising activity so most of the time, you will see manipulated numbers. Up until now, very rare that a project will give their bounty payments outright, like 2-3 weeks after their ICO or IEO. It is usually months and months of waiting for the bounty hunters. What the OP suggesting is nice to hear, but the actual implementation is very difficult. But I remember one token before, Hubris, they paid their bounty hunters every week via their token. But the problem lies about the exchange listing. The price is way below from their ICO price upon listing. So I guess, joining bounty programs is really tough. Your choice to join or not.

Some suggestions could be very good. In fact, they could be the best, but the question we should ask first is how feasible it is.
Let's be sincere with ourselves, most projects in the crypto space would not want to agree to share the fundraised with anyone. Where we should have known this, is when it comes to maintaining the price of token listed on an exchange. This is usually done with the fundraised.
Meanwhile, a project that cannot do that, will naturally decline paying hunters in money raised.

That is indeed a fairly effective and profitable way for bounty hunters, but certainly quite troublesome for developers. I made a few notes regarding the strategy you submitted:
1. It will be effective if the reward is in BTC or ETH or another strong crypto, or coins/tokens from the project that have been listed on the exchange, this strategy is to overcome the concerns of a large dump by the bounty hunter because they can sell it separately for each week.
2. The development team and BM are ready to provide extra fees and efforts for the distribution process every week, for low budget projects that will definitely reject this.

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.

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.Why they have to hesitate if the project is worth to get invested and if it is not then no bounty hunter should join and waste their time by doing shit tasks.

teams will not do this, because all projects want to delay payment for bounty hunters as far as possible. they use every opportunity to pay less money or not pay it at all. They delay the payment of bounty rewards for half a year and then make a Google form that needs to be completed in 2-3 days(or KYC) to receive the reward. if you do not have time then they said "sorry we warned in the chat". "you do not follow the updates of the project." you need to participate only where projects already have a reputation or they paid with bitcoin or ethereum

This is good because those project will be gain trust but I think this is very hard to happen since the project don't have enough fund to run that campaign. That's why they will still use thier shitcoins to pay us, because they don't need to pay bounty hunters in weekly basis.  And they don't need to allocate huge fund in Bounty which is not good for us because when we recieve the bounty this will be shitocoins or become a good coins.

Your suggestion is too good to be true, i know it is favorable for bounty hunters and also a good solution to current problems but i do not think any project will follow it, i think even if full campaign payment is made in btc/eth or usdt even after the end of campaign it will still be great because weekly payment can put severe workload on team and bounty manager which will make it difficult for them to handle again and again.

they will prefer to still use the tokens as payments this habbit will only change if bounty hunters stop promoting any project and decided to accept only payment in btc.
Then they will learn to addopt that things and no other choice than to accept that they need to pay in btc or eth instead.

As long as there are many people continue to accept token as payment it will continue.

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

It is impossible to happen.
I don't think that bounty projects will distribute their payment every week. Aside from that, you also said that they will get 5% of allocated funds for bounty campaign from the money they collected. What if they don't have enough money collected, how are they suppose to divide 5% to a different bounty psrticipants. It will just give a commotion in the end.

Doubt they would do that. People would be really disappointed with the payment they will be receiving weekly. What if the project raised  only few dollars at the first week. That 5% of the few dollars would be split among hundreds of bounty hunter as a payment. That is, everyone will receive just dust payments that won't even cover any transaction fee and we will be seeing more people crying more in this forum. Again, I doubt the developer team would like to make payments using BTC/ETH. They will want to be using their own tokens.

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.

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.

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.

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.

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,

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.

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!