Topic: Stable coins for bounty hunters - page 26. (Read 32418 times)
anyone has the money to make a smart contract and start a token and is easy and cheap for them to pay all the users in that token with an imaginary value. But not all of them have the real money to pay the bounty hunters. This is why your idea is not that good. Do you think all the people who make a toke is millionaire? the answer is no, they make the token trying to go get money, they don't make it to lose money.
It makes sense paying bounty hunters in their native tokens, it's part of spreading awareness of their project, I get that I think, but it's a different story for some new projects, they prefer paying in old altcoins instead, IOI bounty campaign plans to pay in Tron tokens and injective bounty plans to pay in ethereum..
Injective protocol decide to pay bounty hunters in ethereum instead of their token which is still a new project, no funds are raised so far but I guess the 30,000$ Ethereum is coming from the team's pocket which is a good way to avoid dump, many new projects will go against this but injective protocol team knows better
It's not. I guess injective has already funded by the private investors and i remember if that was also a part of binance labs project too and i guess that has already supported by binance exchange site too. You must see the fact that already happened around it.
thats great if they are partnered with binance and they dont necesarily need to pay eth because all are going to be confident with knowing that binance repuation is at stake on here .
people more care about binance and not really on this project so they still invest if they are investor and they continue to work if they are a bounty hunter . the one that should pay eth are those projects that dont have any major partnerships so that investors and workers can gain trust with them .
I do not think it's possible. Every new project spends a lot of money on marketing already. If they start to pay bounty hunters with a stable currency like USDT then it will increase their cost when there is no guarantee that the promotion will be successful. Most of the projects do marketing because of they need funds for project future development and exchange listing. Adding more costs will be a good idea for a new project.
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
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
This is laughable. You are aware of the facts, right?
The project team doesn't want to pay a penny to the bounty hunters. If the project is successful, then they may throw some bread crumbs. If the project fails, then the bounty hunter gets nothing. In most cases, the project team doesn't spend any money at all on these projects. 100% of the funding comes from the investors. The project team develops the project, and for that they demand anything between 20% and 50% of the total pool. The bounty hunters are like beggars here. The pool for bounty can range from 0.5% to 2%. And even if the project is successful, the team places so many demands to deny the rightful reward for the bounty hunters, such as KYC.
The real reason why the payment is made in tokens, rather than ETH/BTC or USDT is that the bounty hunters doesn't hold any respect. They are like slaves who should dance to the tune of the project team.
Injective protocol decide to pay bounty hunters in ethereum instead of their token which is still a new project, no funds are raised so far but I guess the 30,000$ Ethereum is coming from the team's pocket which is a good way to avoid dump, many new projects will go against this but injective protocol team knows better
It's not. I guess injective has already funded by the private investors and i remember if that was also a part of binance labs project too and i guess that has already supported by binance exchange site too. You must see the fact that already happened around it.
The point of Bounty Platforms in paying in terms of their own currency is a way on how we can use their platform. It would really be pointless if we received the pay in terms of US dollars because their platform would not be used properly. Maybe after sometime, platforms will implement on how we can use it in terms of versatility of their currency.
Some platforms I personally recommend is the Electroneum platform which is still available but has low value.
Some platforms I personally recommend is the Electroneum platform which is still available but has low value.
It's not going to be possible for many new projects unless they've raised enough funds before throwing out a bounty campaign, this will be very easy for projects that have been trading for past years already
If the project team wants to do it in a different way, I think it is still possible to do it, even though it is not easy, but it can still be done in ways that are not as usual, the only problem now is that very few teams want to use new ways in order to help them with their new project.
Any bounty projects that is paying bounty participants in stable coins or other reputable coins like btc eth and others is worth investing in, it shows that such bounty has a good plans ahead for its token. Lots of bounties will not pay in stable coins because most of them are scam, some of such projects have not meet up to their softcap and they will prefer to give free token rather than giving stable coin that will cost them much
Injective protocol decide to pay bounty hunters in ethereum instead of their token which is still a new project, no funds are raised so far but I guess the 30,000$ Ethereum is coming from the team's pocket which is a good way to avoid dump, many new projects will go against this but injective protocol team knows better
Heard the idea discussed but bounty hunters in general want tokens that can moon, and they do not mind waiting for listing before they dump, although I suppose if you ask around some maybe might prefer to just get hard currency and then sell it immediately. Have any of you heard about 2key? It is some kind of bounty hunter token or super referrals anyway.
It's not going to be possible for many new projects unless they've raised enough funds before throwing out a bounty campaign, this will be very easy for projects that have been trading for past years already
If they have been raised million dollars of money and it's possible for the developer to replace the token as a payment into the stable coin but the only question whether the team wanna try to do that or not.So many times people have talked about this.
It's not going to be possible for many new projects unless they've raised enough funds before throwing out a bounty campaign, this will be very easy for projects that have been trading for past years already
I dont think they will pay by eth, btc or another stable coins for bounty hunters , If they have eth , btc or any other stable coins , they will definitely choose another way to advertise their project on social media , there are so many other ways to do it..
Can't do and won't work. There is a reason why projects paid their own crypto instead of stablecoin. The overpaying is a non-issue compared to problem like they have to pay money when they are trying to sell their crypto to gain it. See, the risk of their crypto underpaying will only on bounty hunters instead worry about overpaying and put the risk on the project.
True! That's why a lot of new projects only offer paying by their own tokens. However, there are some projects that offer paying by stable coins. I don't know why they do that. However, as a bounty hunter, I totally understand if a project doesn't do it that way. I'll be more than appreciate if they simply pay my works, it doesn't matter which way! As for bounties please start paying in USDT, DAI or USDC, this will erase your sense of 'bounty hunters are killing new projects' idea
As much as developers wanted to do that but they cannot spare funds over this. There are some good projects that paying fiat stable coin such as this new project of Injective Protocol, but clearly their project is still new and probably will launch an IEO on big exchanges. Normally projects that are below quality does not entertain this kind of thought and just paying their own token. Not all new projects CEO are rich, don't expect them to pay you with Bitcoin or usdt for promoting their tokens, thy are better off paying you with their tokens than Bitcoin, most of those new projects are still struggling to raise money for their project development, try to understand
Maybe you are right and supposedly they shouldn't do the bounty as they can't even give what they have promise. And look at what they have done, instead of giving a good example to the community, they just ruin it and their reputation. CEOs and their team has a huge role in running their project and before they ask market promotion they should have to think the consequences might they'll do to the participants and investors. But sadly, they are blinded enough to reconsider it as their main reason why they come into such an event is because of money and that greediness brings them to think differently than what the people think.
Not all new projects CEO are rich, don't expect them to pay you with Bitcoin or usdt for promoting their tokens, thy are better off paying you with their tokens than Bitcoin, most of those new projects are still struggling to raise money for their project development, try to understand
Can't do and won't work. There is a reason why projects paid their own crypto instead of stablecoin. The overpaying is a non-issue compared to problem like they have to pay money when they are trying to sell their crypto to gain it. See, the risk of their crypto underpaying will only on bounty hunters instead worry about overpaying and put the risk on the project.
if it was done by the project and realized for the bounty program, I would strongly support it, and of course it would be better,
I'm sure other participants would also be happy, but is the project capable?
Paying stable coins for bounty campaigns is not going to happen. They don't need to spend thousands of dollars for a campaigns. They don't have funds yet that's why they use bounty campaign to attract investor. I'm sure other participants would also be happy, but is the project capable?
There are few bounty campaign who pay ETH and Bitcoin but had limited participants. You can try joining them if you are not satisfied with token as payment.
Yes, some ICOS that held their bounties on the forum paid bounty hunters in Ethereum. I remember that one of these campaigns was IoTeX. But most often, the forum hosts Signature with payment in bitcoin, but they are usually promotions for already working projects that are not related to the ICO.
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