Stable coins for bounty hunters - page 30.

smyslov

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Quote from: kapalmabur on June 04, 2020, 10:43:08 AM

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?

It will take an ambitious project to do that, in the past there are projects that pays with Bitcoin,Eth and other trade able coins in the market , but with the kind of market that we had there's no guaranty of getting even their softcap I doubt it will materialize, but I love to see that happens in the future.

andriyana

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I think this will be difficult for project developers to do because capital is allocated only for the progress of the project. if the developer has enough crypto money BTC / USDT to pay bounty participants maybe developers will not do ICO / IEO

kapalmabur

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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?

Mianae

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Yes you're right about the part of erasing the sayings that hunters are killing projects but new projects will not buy their as an option. If you've noticed, the projects that make payments in stable coins gives very little. Ludena has an allocation of 24 Eth for a campaign of 10 wks. At the cure rate of Eth $234, the allocation is worth a little above $5k. This is too poor a reward for a ten weeks work. Every project should work on stabilising and creating more liquidity for their tokens.

sayulita

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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

Do you even know how much money does it take to develop a project this big?? I guess not because that's why you are saying these kind of things.
The developers of the project have already invested their life long savings into the project so how can they pay you with the stable coins as then they would have to spend more in paying you guys in the stable coins instead what they do is they promise you to pay a part of the tokens in order to advertise for them and that's a win win situation for all the people, as bounty hunters are also get paid and also there is less financial burden on the hands of the team.

rajakulam

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for new projects it is not possible to pay bounty hunters with their own money because each token will be worth if listed on the exchange, if the token fails to register on the exchange then we work without pay.

Yamifoud

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

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

That is a good suggestion mate but as I observe to the bounties today and even before, they are using their token to pay with their participants. They usually say $ worth of tokens to be rewarded, USDT still their baseline for their rewards but somehow the value of their token doesn't stick to that price.

Isn't that only the bounty hunters to be blamed about the killing of their project but also their own team and project developers.
If they are honest with their participants and being transparent to the community, this will never happen to their project instead, it helps them to succeed.

layoutph

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Activity: 1372

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Why ask for a stable coin if you can just sell your bounty coin to BTC then convert BTC to USDT. In this way you can preserve the value of your bounty coin in USDT. I am also a bounty hunter. Follow this tips

1. Always note for the date of coin distribution.
2. Fund the distribution wallet. If it is an ERC20 coin, then put some ETH in your wallet, so you can easily transfer to exchange site.
3. If you transferred the coin in the exchange site.. Dump the half, watch if the price will go up. Convert the coin in USDT.
4. Once you dumped it all, and converted to stablecoin. Decide if you want to rebuy the coin on its lower price or simply buy other good known coins.

judeafante

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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 don't think developers will adopt it, they will have no one to blame in case their coins are crashing because of the dump, and besides they want to pay with their IOU token, they do not have the means to do it, because they are also relying on crowdfunding to get funded and they want to have all the funds before listing their own token in the market.

Davian144

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Quote from: BitKongy on June 04, 2020, 07:44:00 AM

This will be very hard for new projects team to do, I believe only old projects that have been trading on exchanges for some times can do this easily, what will happen if the project failed later? The team will be at loss because they've already pay bounty hunters in stable coin

Why can the team be confused if they make payments for bounty participants in the form of stable tokens? I think the project failure or not depends on how they run the project themselves, not depending on the bounty participants, because bounty participants only make promotions by following the bounty rules, and I've also seen several projects that make payments in the form of stable tokens and even in forms of tokens that have been very valuable such as ETH and BTC, but the project team did not feel confused because of this.

Malam90

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To protect dump of price, stable coins and top few coins can be used to pay the bounty hunters instead their token payment. Maximum time, investors and team blame hunters for the cause of dump. Hence, the project can pay with BTC, ETH, XLM, Ripple, BNB, USDT etc.

niisarearning

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By paying own coin or token bounty hunter also taking risk with project owner if we do proper research about project also if we find the team and other details about the project and its potentiality then there will be chance of getting better reward comparing to stable coins. Another point of supplying the native token or coin is marketing so that more peopel in crypto space aware about project and can spread word about also it will increase circulation of coin or token.

bobyhodob

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Quote from: poodle63 on June 04, 2020, 08:55:14 AM

Quote from: acdc on June 04, 2020, 07:26:43 AM

Most developers want to pay with the project's own coin because it's free. If a project succeeds they only lose a little more for the bounty hunter, in case the project fails they will not lose anything.

That's the correct reason why the developer didn't wanna pay use stable coin. They were trying to grab the money and give free tokens to the hunters.
In this case, there was nothing we can do caused by the developer was controlling everything.

banyak faktor kenapa para pengembang tidak ingin memberikan bayaran kepara peserta dari bounty campaign menggunakan stable coin karena mereka tidak ingin membuat platformnya rugi dan yang pasti mereka ingin memberikan volume coin di tempat pertukaran sehingga coin yang dibagikan akan memberikan volume trading yang bisa memicu para investor lain untuk masuk dan berpartisipasi di platform yang mereka kembangkan.

poodle63

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Quote from: acdc on June 04, 2020, 07:26:43 AM

Most developers want to pay with the project's own coin because it's free. If a project succeeds they only lose a little more for the bounty hunter, in case the project fails they will not lose anything.

That's the correct reason why the developer didn't wanna pay use stable coin. They were trying to grab the money and give free tokens to the hunters.
In this case, there was nothing we can do caused by the developer was controlling everything.

killerfrost

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Quote from: acdc on June 04, 2020, 07:26:43 AM

Most developers want to pay with the project's own coin because it's free. If a project succeeds they only lose a little more for the bounty hunter, in case the project fails they will not lose anything.

Quite right, if their project fails, then they will not lose anything. And if their project is successful and listed at the exchange, they will only take a small fraction of the token for bounty and the project will still work and grow.

minairia3

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If this will be implement then its good. But do you think projects will agree to it? Probably none, maybe some are willing to pay stablecoin but those lack sufficient fund even for their own development will bleed to death paying out promoters.

Im thinking the same thought before too just to preserve the value of work hunters doing but since we are on decentralized space. I can see this just only a dream for now. I am betting projects are still prefer their own token as payment to gain some value too when hunters tradw their tokens.

BitKongy

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This will be very hard for new projects team to do, I believe only old projects that have been trading on exchanges for some times can do this easily, what will happen if the project failed later? The team will be at loss because they've already pay bounty hunters in stable coin

acdc

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Most developers want to pay with the project's own coin because it's free. If a project succeeds they only lose a little more for the bounty hunter, in case the project fails they will not lose anything.

ethereumhunter

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I wonder if the dev and the teams will want to pay the bounty hunters with the stable coins. They will not spend any money for the bounty hunters except their tokens because they need that money to run their project. If they can collect much money from the investor, they will use it for another thing, including to pay the exchange to list their tokens. If the dev and the teams can pay the bounty hunters, that will be a great thing for the bounty hunters, and maybe the teams need to adjust the payment amount.

Twinkledoe

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Quote from: kceekcee on June 04, 2020, 04:05:09 AM

One funny thing about this scenario is that it is not only stable coins they Can pay Bounty hunters with.

There are stellar and trx token, i have seen an xrp paid Bounty campaign as well as an eth paid Bounty campaign.

Everyone just want an excuse to pass the blame around

Agree with you here. Projects that really want to pay their participants with real value will pay any coin that is already existing in the market, not only stable coin is the choice here. Whether XRP or TRX or ETH, as long as they are already in the market. But the problem actually is not about the payment, but do these developers have the funds to begin with? The reason why they are paying their own tokens is that because they don't have to spend any amount from their pocket because it is free to create their own token.

Topic: Stable coins for bounty hunters - page 30. (Read 32418 times)