Topic: Stable coins for bounty hunters - page 17. (Read 32395 times)
Paying bounty hunters with a fixed amount of stable coin is usually receive a mixed feeling among bounty hunters. If a fixed amount of stable coin too little, they would jump and go for higher-paying bounty even it still doesn't hit the market and price only at estimate level. Bounty hunters split among groups that want stable earning, which stable coin is the goal for them. The other groups seem it as an investment so very picky about the amount of payment, a low fixed amount of stable coin is a no-no for them in this case.
Being a bounty hunter takes a lot of risk and those new projects would not pay for USDT or any stable coins unless they have a huge budget for it. And for me, would love to get paid on their own token coz we never know what if one day that token could give you a lot of $$$. We gamble our efforts here and there is nothing to lose!
As much as I would.like for this to happen being a bounty hunter it isn't really practical to expect the projects to pay stable currency to users participating. If they do this the spending on bounty would become considerably higher .
Spending on Bounty will be higher in what regard? Unless probably the team doesn't believe their coin will be valuable. Probit didn't share PROB tokens, they shared USDT just to mention. I believe if stable coins are distributed for bounties, firstly you get rewarded exactly for what you work for and secondly hunters don't get to dump tokens massively especially if there is no buyback program by the team after Bounty distribution. The bad aspect with this is that, some Bounty coins do well in the long run and hence favors those who decide to hold. This won't be the case if stable coins are distributed.
It's not possible because not all team can afford to get paid in stable coins and getting paid in native tokens will or can earn you more, people are trying to avoid token price dump that's why they prefer getting paid in stablecoin but not me.
You guys do realise, that if by some wild luck this was to ever happen (which it will not) and teams start paying in stablecoin, they will greatly limit participation from few hunred participants to maybe few dozen participants at max.
And this means, that 99% of you won't make the cut, and will still complain. 99% of bounty hunters, if analyzed properly, have no conversion for the project.
While paying with tokens is risky for hunters, it also alleviates the rules a bit making it less hard to enter the campaign.
It true, I also see some bounty paid by stablecoins, they have a very low budget and unlimited participants. In the end, each person received a few cents after months of work And this means, that 99% of you won't make the cut, and will still complain. 99% of bounty hunters, if analyzed properly, have no conversion for the project.
While paying with tokens is risky for hunters, it also alleviates the rules a bit making it less hard to enter the campaign.
You guys do realise, that if by some wild luck this was to ever happen (which it will not) and teams start paying in stablecoin, they will greatly limit participation from few hunred participants to maybe few dozen participants at max.
And this means, that 99% of you won't make the cut, and will still complain. 99% of bounty hunters, if analyzed properly, have no conversion for the project.
While paying with tokens is risky for hunters, it also alleviates the rules a bit making it less hard to enter the campaign.
And this means, that 99% of you won't make the cut, and will still complain. 99% of bounty hunters, if analyzed properly, have no conversion for the project.
While paying with tokens is risky for hunters, it also alleviates the rules a bit making it less hard to enter the campaign.
Majority of bounty hunters will prefer getting paid with stable coins because they can easily trade it, bounty hunters are spending electricity and paying internet connection they must find a way to make a quick profit and not wait for tokens to have value.
Yes, I agree with what you said, hopefully the project developer will consider this,but if this happens the participants should have a limit to ensure that the distribution is good.
paying bounty hunter with a stable coin is not a guarantee if the project will not experience a dump, actually the token for the bounty hunter is only a few percent. if indeed the project has good quality it will not experience a severe dump
I agree! As a bounty hunter, I've seen a lot of projects pay their participants with stable coins such as USDT, ETH, etc. However, we have to know that not all projects have the funds to pay rewards with stable coins. They instead will pay with their own tokens, though, this way contains a lot of problems. However, as a hunter, we don't have too much power to change those things. The only thing we can do is choosing carefully which project we will participate in!
I don't think the project developer will give a stable coin to pay bounty participants, because it will cost a lot of money. Paying with their own tokens is the right choice, because it's also includes promoting their tokens to us, of course their tokens must be entered into a large Exchange so we can feel the appropriate rewards during joining their campaign.
I agree! As a bounty hunter, I've seen a lot of projects pay their participants with stable coins such as USDT, ETH, etc. However, we have to know that not all projects have the funds to pay rewards with stable coins. They instead will pay with their own tokens, though, this way contains a lot of problems. However, as a hunter, we don't have too much power to change those things. The only thing we can do is choosing carefully which project we will participate in!
I don't think the project developer will give a stable coin to pay bounty participants, because it will cost a lot of money. Paying with their own tokens is the right choice, because it's also includes promoting their tokens to us, of course their tokens must be entered into a large Exchange so we can feel the appropriate rewards during joining their campaign. Majority of bounty hunters will prefer getting paid with stable coins because they can easily trade it, bounty hunters are spending electricity and paying internet connection they must find a way to make a quick profit and not wait for tokens to have value.
Yes, I agree with what you said, hopefully the project developer will consider this,but if this happens the participants should have a limit to ensure that the distribution is good.
As much as I would.like for this to happen being a bounty hunter it isn't really practical to expect the projects to pay stable currency to users participating. If they do this the spending on bounty would become considerably higher .
More people will be seeing this as an opportunity too but that's being too far from the reality that is happening right now when the hunters is rarely getting paid by the stable coins. It looks like so many developers will never try to see that as an option to paid the hunters.
They should also think about paying in crypto that already have a value like BTC,ETH or any other crypto that is already circulating in the market.
If they want to send their token to the bounty participants at least make sure that the bounty participants could also earn why not do it half way like pay the half in a crypto that is ready to be traded and half on their token.
They are promising us a certain amount of $ on their bounty thread title so why not make sure we receive even half of it by paying us something that already have a value?
If they want to send their token to the bounty participants at least make sure that the bounty participants could also earn why not do it half way like pay the half in a crypto that is ready to be traded and half on their token.
They are promising us a certain amount of $ on their bounty thread title so why not make sure we receive even half of it by paying us something that already have a value?
I'd prefer getting paid in stable coins, you won't have anything to be worry about, most times when bounty ends I used to have the thoughts about 'may be the token will lose value one trading starts or not ', stable coins can erase this but I'm sure not all team will agree to this
As much as I would.like for this to happen being a bounty hunter it isn't really practical to expect the projects to pay stable currency to users participating. If they do this the spending on bounty would become considerably higher .
Majority of bounty hunters will prefer getting paid with stable coins because they can easily trade it, bounty hunters are spending electricity and paying internet connection they must find a way to make a quick profit and not wait for tokens to have value.
Yes, I agree with what you said, hopefully the project developer will consider this,but if this happens the participants should have a limit to ensure that the distribution is good.
I don't think it's right to pay with a Stable Coin that already exists. Because one of the goals of the developer holding a Bounty is to introduce and build a community for their tokens / coins. But many have made Bounty Hunter the culprit of the fall in the value of coins / tokens even though the bounty hunter only has a maximum of 2% of the total coins / tokens.
Everything will be fine if they have liquidity and are listed at major exchanges. But if they are listed on small exchanges and have no liquidity, I believe the price will collapse many times even if the budget of bounty is very small.Yes, that's right, I agree with what you said, even though we know at the beginning of choosing a small exchange for sure because they want to pursue trading volume by setting aside its value, but always the culprit of falling prices is the bounty hunters
I don't think it's right to pay with a Stable Coin that already exists. Because one of the goals of the developer holding a Bounty is to introduce and build a community for their tokens / coins. But many have made Bounty Hunter the culprit of the fall in the value of coins / tokens even though the bounty hunter only has a maximum of 2% of the total coins / tokens.
Everything will be fine if they have liquidity and are listed at major exchanges. But if they are listed on small exchanges and have no liquidity, I believe the price will collapse many times even if the budget of bounty is very small.Yes, that's right, I agree with what you said, even though we know at the beginning of choosing a small exchange for sure because they want to pursue trading volume by setting aside its value, but always the culprit of falling prices is the bounty hunters
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
yeah It has been tackled for many times yet not gone to happen.Quote
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
Do you think that legit company will not do that?and if they are really concern and paying why need to use stable coin or USD when there is ethereum that has been used by the legit company over the years to assure their Hunters get payments?
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As for bounties please start paying in USDT, DAI or USDC, this will erase your sense of 'bounty hunters are killing new projects' idea
Majority of bounty hunters will prefer getting paid with stable coins because they can easily trade it, bounty hunters are spending electricity and paying internet connection they must find a way to make a quick profit and not wait for tokens to have value.
Yes, I agree with what you said, hopefully the project developer will consider this,but if this happens the participants should have a limit to ensure that the distribution is good.That depends on the manager whether they wanna give a limitation for the new entries or not as long as the funds is still enough to do that.
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