Stable coins for bounty hunters - page 15.

btcholder

full member

Activity: 686

Merit: 102

Quote from: NeuroticFish on June 04, 2020, 04:11:59 AM

Quote from: OasisDre on June 04, 2020, 03:29:11 AM

It will be a whole new story if new projects can start paying bounty hunters in USD or stablecoin

You've missed the whole point of paying in their coin/token.

The new projects that are not listed at exchanges and without their own market place will always pay in their own token (as long as there will be bounty hunters accepting that) because in this case they don't pay anything from their pockets. If the project has success and gets listed, you'll sell for other investors' money. If it doesn't have success, tough luck, you've worked for free. It's a risk the bounty hunter have to think of when he jumps for enlisting under their banner. One has to check first if it has a good enough chance for success and listing.

Absolutely right and there is no doubt about that many hunters worked for free in many projects. Cheesy

Now days it's really difficult to earn from bounty campaigns. It's also risky work cause it doesn't matter how much good quality projects you choose, if they didn't manage an exchange for their coin after fund collecting, your work will be worthless. That's why many people are leaving from bounty hunting.

inanilujimi

sr. member

Activity: 1876

Merit: 259

basically the quality will be prioritized for people who join the bounty program, which may be only certain people who follow it.
every serious project in crypto will be more selective in any case.

elyas772

hero member

Activity: 756

Merit: 502

It is a good idea but then the bounty program should limit the participants. This will ensure that the bounty hunter will receive a fair amount of money when participating in the campaign.

Cocoincos

member

Activity: 700

Merit: 12

Quote from: New_order on July 27, 2020, 03:52:05 AM

No im not that interested in bounties that pays on usdt, though its the best way to avoid volatility but some new projects are just too damn good that you'd wish you are paid in their tokens instead, for example that injective protocol and ludena protocol, they both pay participants in ETH but these two projects are very promising

before I thought that better to get salary in stablecoins, but your argument is very correct and now I think that it will be right if hunter will choose the currency in which he wants to receive his salary

bittick

hero member

Activity: 2296

Merit: 506

Cryptocasino.com

Quote from: ohyeahhaha122 on July 27, 2020, 12:13:02 AM

very few projects use Stable coins for bounty hunters because it is not conducive to the project compared to using project tokens as a rewards, because the project token can be valuable in the future, if the project If they fail, they will not lose much, which is also a bad thing for bounty hunters

That's the main point why so many hunters are in demand to see the dev to replace it with the native coin. Stable coin is not the only choice but the dev has also another choice to use the native coin like ethereum or bitcoin too. It's too make the hunters can get their reward.

New_order

member

Activity: 238

Merit: 15

No im not that interested in bounties that pays on usdt, though its the best way to avoid volatility but some new projects are just too damn good that you'd wish you are paid in their tokens instead, for example that injective protocol and ludena protocol, they both pay participants in ETH but these two projects are very promising

Vishnu.Reang

sr. member

Activity: 1988

Merit: 453

Quote from: Claudio99 on July 24, 2020, 01:24:29 AM

Bounties that still pays in other coins like eth BTC, usdt, etc still exist till this day, you just have to find them yourself by doing research, Ludena protocol pays in ETH, injective protocol pays in ETH, IOI bounty pays in Tron etc

Apart from these projects, there are bounty campaigns from those projects which are already listed in the exchanges. I am not sure how many of them are active right now, but previously there were such campaigns from coins such as Denarius, Deep Onion and Bitsend. They can be hard to find though, and they may be listed in only two or three minor exchanges.

Aaroenz0r

full member

Activity: 504

Merit: 100

Option Blitz

Quote from: xOdiumNostrumx on July 27, 2020, 03:09:49 AM

As some people pointed out already, being paid by the project's tokens is part of the gamble in the bounty hunting sphere. Only projects that have had some early funding and are strong believers in their project and its success will take a risk and pay bounty rewards in stable coins or ETH. Its a take it or leave it game and I like it, because it forces people into doing their own due diligence if they want to avoid shady projects/scams.

This is so true! Bounty hunters are more than happy if most projets offers paying by ETH or stablecoins. Getting paid by stable coins or ETH will create a safe feeling for bounty hunters while doing their jobs.In the other hand, getting paid by the projects' token contains a great risk of receiving nothing because we don't even know how much will the token be. However, the riskier, the more profits you can get! Right now, I prefer getting paid by stablecoins and ETH because I need some instant money.

coolon

jr. member

Activity: 448

Merit: 4

Quote from: OasisDre on June 04, 2020, 03:29:11 AM

I know this have been discussed several times on this forum but yet I will like to drop this again, I'm sure few new developers are among us here, so here we go

It will be a whole new story if new projects can start paying bounty hunters in USD or stablecoin, this have few advantages over paying with your own tokens, if new projects find it as a most for people to try out their new Blockchain they should use airdrops instead, airdrops has the lowest rewards, hardly to get 2$ in airdrops today

As for bounties please start paying in USDT, DAI or USDC, this will erase your sense of 'bounty hunters are killing new projects' idea

I agree with you, if the projects were paid in stable coins it would be great. But unfortunately there were some projects that paid a reward in ETH and so on and this in dollars came out very little. Because there are a lot of people crammed in there.

xOdiumNostrumx

full member

Activity: 1064

Merit: 101

As some people pointed out already, being paid by the project's tokens is part of the gamble in the bounty hunting sphere. Only projects that have had some early funding and are strong believers in their project and its success will take a risk and pay bounty rewards in stable coins or ETH. Its a take it or leave it game and I like it, because it forces people into doing their own due diligence if they want to avoid shady projects/scams.

iTradeChips

hero member

Activity: 1792

Merit: 536

Leading Crypto Sports Betting & Casino Platform

Quote from: ?? on ??

There are many bounty that have made payment in USDT or ETH, but honestly, it is not too good because the budget of those bounty is very low. You can only earn a few cents for many weeks of work when participating in campaigns

Right, compared to the great bounties 3-4 years ago where many participants actually get some real good value out of their tokens and coins, most of the bounties right now only give pennies to 2 dollars payment for a weeks campaign. But of course it really depends on how many times the participant actually made their side of the deal. You cannot expect a user to get good money if he only made like 10 posts for a week. That is why those who do this full time (not many are into full time in bounties) are the ones who will get more of the bounty payments.

ohyeahhaha122

jr. member

Activity: 267

Merit: 7

very few projects use Stable coins for bounty hunters because it is not conducive to the project compared to using project tokens as a rewards, because the project token can be valuable in the future, if the project If they fail, they will not lose much, which is also a bad thing for bounty hunters

ancafe

hero member

Activity: 1778

Merit: 746

Quote from: H1N1 on July 26, 2020, 10:32:45 AM

That is not a bad idea, the price of the token won't be dumped if the project pay bounty hunters with stable coin.
But when there is a bounty campaign that pay in stable coin, then many participants will join and the reward will become smaller unless the bounty payment based on fixed rate.

the risk of stable coin payments, or existing coins, is the number of participants who will participate in it, and the rewards will be small, but this can be overcome by setting limits on participants. it's just that the promotion carried out as in vain because it only gathers investors, not users. because sometimes the bounty hunter uses tokens according to their function.

iTradeChips

hero member

Activity: 1792

Merit: 536

Leading Crypto Sports Betting & Casino Platform

The reason why most bounties will not pay using stable coin is because many of them do not have the financial backing or funds to spend on developing their platform. They will resort in paying using their own tokens or coins. And the mentality of many bounty hunters is somewhat fatalistic, resorting to working on a project even if they know that the project will fail or having "at least I will get paid" mentality and will not take into account factors that would see if the project is good or bad. It will be more beneficial to the projects if they pay using their own coins or tokens and will give them the confidence that they need because they are not spending real money but their own coins.

Akoldi_ibk

jr. member

Activity: 1050

Merit: 1

I understand that most project's tokens received from bounty often become useless. Some don't at all hit the exchange. Now, there is need for alternative to protect the interest of hunters. However, we shouldn't miss the point why projects pay with their tokens which is to decentralized their circulating supply as much as possible. Also, don't expect projects who have not raised enough funds or have little money for development to allocate stablecoins to bounty. I think hunters should be more selective in picking bounties and go for the best.

bitkanu

hero member

Activity: 2184

Merit: 513

Moonbet.io | Web3 Casino

Quote from: Apostlekin$$$ on July 24, 2020, 01:31:07 AM

Just have it in mind that your reward will be extremely lower than getting paid in tokens because USDT bounty allocation will be very low and once over hundreds of bounty hunters join such bounty then be expecting penny for weeks of promoting a project

It looks like wrong for me, In fact, so many bounties that have been putting a lot of allocation worth nothing caused by the token has zero value. The stable coin is the best choice to be used to pay the hunters based on how much allocation has already made by the developers. This is will give us more guarantee.

TopT3ns

hero member

Activity: 2548

Merit: 572

#SWGT CERTIK Audited

Quote from: judaspriest on July 26, 2020, 10:39:06 AM

Quote from: H1N1 on July 26, 2020, 10:32:45 AM

That is not a bad idea, the price of the token won't be dumped if the project pay bounty hunters with stable coin.
But when there is a bounty campaign that pay in stable coin, then many participants will join and the reward will become smaller unless the bounty payment based on fixed rate.

only large and good projects have such a program, but usually the allocations given are small,
unlike the allocation of tokens which has an estimated $ 300,000, if you use stable coins then that is a lot of money

well, that's not all because when payments use stable coins, the price of a project being developed will not have trading volume or price movements, so many bounty campaigns that pay to bounty campaign participants prefer to use tokens that are developed.

judaspriest

full member

Activity: 1330

Merit: 100

C O M B O

Quote from: H1N1 on July 26, 2020, 10:32:45 AM

That is not a bad idea, the price of the token won't be dumped if the project pay bounty hunters with stable coin.
But when there is a bounty campaign that pay in stable coin, then many participants will join and the reward will become smaller unless the bounty payment based on fixed rate.

only large and good projects have such a program, but usually the allocations given are small,
unlike the allocation of tokens which has an estimated $ 300,000, if you use stable coins then that is a lot of money

H1N1

full member

Activity: 812

Merit: 100

That is not a bad idea, the price of the token won't be dumped if the project pay bounty hunters with stable coin.
But when there is a bounty campaign that pay in stable coin, then many participants will join and the reward will become smaller unless the bounty payment based on fixed rate.

wmaurik

hero member

Activity: 2058

Merit: 710

Quote from: nicedreams on July 25, 2020, 11:38:54 AM

If I want to earn my bounty in stable coin like USDT then have to accept the pay will be very low. I think as a bounty hunter, everyone can I agree that payment in bounty project crypto is the most realistic for both bounty hunters and the project team.

Actually, the issue of payment is very low or not it depends on the allocation and limit, current bounty that violates bounty with a stable coin is also quite a good allocation, for example bounty ibidtowin, the problem is why the reward is low because they do not limit participants, and if they restrict the participants it also matters losses due to engagement they get from social media and this forum is also very much reduced.

Topic: Stable coins for bounty hunters - page 15. (Read 32418 times)