The cost of running a bounty? | Bitcointalksearch.org

shoreno

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Quote from: Bezobraznike on November 09, 2019, 05:58:34 PM

Quote from: DGulari on November 08, 2019, 08:44:46 PM

Quote from: pamsugas on September 15, 2019, 06:08:34 PM

they only pay with tokens, they don't cost a lot, just make smartcotract from eth. for sending tokens are also small. it's just that if their project is successful the token that they make will have great value.

Dude, it's not about what coin/token they paying, but rather about fees while sending the token to all bounty hunters which required few hunderd - thousand dollars.
There was a bounty which successfully collected 100M of dollars but they decided to scam by run away with their project and abandon their bounty hunter. So even a successfull ICO/IEO can't be guarantee you will get paid

DGulari I agree with you, there are no guarantees with any new project. It's the risk
we agree to take when we join some bounty/airdrop.
To add something about the topic, new projects have marketing, bounties should
be just one part of entire marketing. Bounty participants are paid in their token, they
just pay for the sending fees. But some big projects had widely spread marketing,
they couldn't pay that with their token, so they need to spend money on that too.

yes you need to take risk here because that is your only capital when joining a bounty . your lucky that you dont need to invest a crypto or a money not unlike to investor were they are facing double risk . sending fees is not a problem and fees becomes cheap once they send tokens in a bulk . big ico proects wants more exposure so your right that they are going to need some cash or cryptos as a capital for other promotions on other sites not just on this forum but smaller one's were already contented on this forum and they can only use their token to pay the bounty hunters s

Bezobraznike

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Quote from: DGulari on November 08, 2019, 08:44:46 PM

Quote from: pamsugas on September 15, 2019, 06:08:34 PM

they only pay with tokens, they don't cost a lot, just make smartcotract from eth. for sending tokens are also small. it's just that if their project is successful the token that they make will have great value.

Dude, it's not about what coin/token they paying, but rather about fees while sending the token to all bounty hunters which required few hunderd - thousand dollars.
There was a bounty which successfully collected 100M of dollars but they decided to scam by run away with their project and abandon their bounty hunter. So even a successfull ICO/IEO can't be guarantee you will get paid

DGulari I agree with you, there are no guarantees with any new project. It's the risk
we agree to take when we join some bounty/airdrop.
To add something about the topic, new projects have marketing, bounties should
be just one part of entire marketing. Bounty participants are paid in their token, they
just pay for the sending fees. But some big projects had widely spread marketing,
they couldn't pay that with their token, so they need to spend money on that too.

DGulari

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Quote from: pamsugas on September 15, 2019, 06:08:34 PM

they only pay with tokens, they don't cost a lot, just make smartcotract from eth. for sending tokens are also small. it's just that if their project is successful the token that they make will have great value.

Dude, it's not about what coin/token they paying, but rather about fees while sending the token to all bounty hunters which required few hunderd - thousand dollars.
There was a bounty which successfully collected 100M of dollars but they decided to scam by run away with their project and abandon their bounty hunter. So even a successfull ICO/IEO can't be guarantee you will get paid

jrrsparkles

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Quote from: VanDeinsberg12 on November 08, 2019, 07:41:26 AM

But i guess that guy above you is talking about the airdrop creator is not worth to send the token which need a lot of money to pay the gas.
Smartcontract is really complex algorithm. some airdrops even creating a smart request system which the airdrop participants can claim their airdrop when they are paying the gas as a tx fees with their own ethereum.

I did mentioned why they were spending from their own pocket!

They will get huge benefits from what they are spending so it maybe worth in their view to spend such amount and as you said many projects ask the claimer to pay the gas fee to get rewards in this case they even want to save that small amount from their total profits. Cheesy

VanDeinsberg12

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Quote from: jrrsparkles on November 08, 2019, 06:43:39 AM

Quote from: Lauren Smith on November 08, 2019, 05:06:57 AM

Many people here do not read and listen and are just posting to be paid. Some of you are telling me if its their own token it will cost nothing. -_- *facepalm* Im talking about the gas fee. Gas fee can be $0.20 so how expensive will an airdrop be?

Quote from: DarkDays on September 09, 2019, 01:10:34 PM

Quote from: Lauren Smith on September 08, 2019, 03:07:08 PM

Running a bounty can't be cheap. For every person participating you have to pay a fee. For telegram and airdrops, how do the devs afford it?

10k airdrops at 1 cent is $100 just for one round. That sounds costly to me. I also doubt a transfer would be so little as 1 cent.

What makes me wonder even more is how do devs that give up on their projects or let them die still pay out their bounty? Some scams even payout their scam coin which must cost them 100s of $$

Is there something I am missing? is mass sending eth tokens cheaper then I think? Maybe someone with some experience in send to multiple eth addresses knows. You also need to use a special service or have the know-how to send to multi addresses as well.

Since when is sending 10,000 transactions for $100 expensive? That's incredibly cheap, can you imagine trying to send 10,000 individual payments with only $100 in network fees using any other payment platform?

For most people living in a developed country, $100 or even $1,000 is basically negligible. For companies looking to raise upwards of $1 million, they need to expect to spend a decent chunk of change initially marketing their project.

Yes but im not talking about projects looking to raise that much. Im talking about airdrops to create awareness before you recieve funding. Unless you do it after the ICO then i can see it happening. I pay $0.20 to send eth very often i think the lowest is $0.04 now it sounds like very little but for 10000 transactions it can cost a few hundred. Plus all the time it takes which costs you money as well. Not everyone wanting to run an ico is from a first world country and the gas fee might be a lot for them.

IF the projects aims to raise much then they have to spend some right? So yes they are going to pay the transaction fee which may cost few hundred or thousand bucks but they will get in few hundred or million bucks so totally they are going to be in profits. Wink

But see how many projects have airdrops,most run with bounty alone for that they no need any money if they can create their own token,they no need to hire bounty managers since most projects coming up with copper membership.They have to send their tokens only after ICO completes.

The cost is needed when there was a project that hired the bounty manager to take a part on its bounty management, as far as i know about that so many bounties don't use even single money to start its campaign.
The cost to issue an asset is not too much and just spent a few ethereum and we are able to issue a new asset through ethereum smartcontract.

But i guess that guy above you is talking about the airdrop creator is not worth to send the token which need a lot of money to pay the gas.
Smartcontract is really complex algorithm. some airdrops even creating a smart request system which the airdrop participants can claim their airdrop when they are paying the gas as a tx fees with their own ethereum.

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Quote from: jrrsparkles on November 08, 2019, 06:43:39 AM

IF the projects aims to raise much then they have to spend some right? So yes they are going to pay the transaction fee which may cost few hundred or thousand bucks but they will get in few hundred or million bucks so totally they are going to be in profits. Wink

I would agree and considering how much they got in ico, it's just peanuts to them. While the fact remains that's the least thing they can do, I mean for sure participants can't sell their token in decent value.

Anyway, I'm sure they're using mass sending software, don't know what specifically but they'll definitely don't want to over spend for just a transaction fee.

Quote from: Lauren Smith on November 08, 2019, 05:06:57 AM

Gas fee can be $0.20 so how expensive will an airdrop be?

Guess that's too much, typically it cost them roughly $0.03.

jrrsparkles

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Quote from: Lauren Smith on November 08, 2019, 05:06:57 AM

Many people here do not read and listen and are just posting to be paid. Some of you are telling me if its their own token it will cost nothing. -_- *facepalm* Im talking about the gas fee. Gas fee can be $0.20 so how expensive will an airdrop be?

Quote from: DarkDays on September 09, 2019, 01:10:34 PM

Quote from: Lauren Smith on September 08, 2019, 03:07:08 PM

Running a bounty can't be cheap. For every person participating you have to pay a fee. For telegram and airdrops, how do the devs afford it?

10k airdrops at 1 cent is $100 just for one round. That sounds costly to me. I also doubt a transfer would be so little as 1 cent.

What makes me wonder even more is how do devs that give up on their projects or let them die still pay out their bounty? Some scams even payout their scam coin which must cost them 100s of $$

Is there something I am missing? is mass sending eth tokens cheaper then I think? Maybe someone with some experience in send to multiple eth addresses knows. You also need to use a special service or have the know-how to send to multi addresses as well.

Since when is sending 10,000 transactions for $100 expensive? That's incredibly cheap, can you imagine trying to send 10,000 individual payments with only $100 in network fees using any other payment platform?

For most people living in a developed country, $100 or even $1,000 is basically negligible. For companies looking to raise upwards of $1 million, they need to expect to spend a decent chunk of change initially marketing their project.

Yes but im not talking about projects looking to raise that much. Im talking about airdrops to create awareness before you recieve funding. Unless you do it after the ICO then i can see it happening. I pay $0.20 to send eth very often i think the lowest is $0.04 now it sounds like very little but for 10000 transactions it can cost a few hundred. Plus all the time it takes which costs you money as well. Not everyone wanting to run an ico is from a first world country and the gas fee might be a lot for them.

IF the projects aims to raise much then they have to spend some right? So yes they are going to pay the transaction fee which may cost few hundred or thousand bucks but they will get in few hundred or million bucks so totally they are going to be in profits. Wink

But see how many projects have airdrops,most run with bounty alone for that they no need any money if they can create their own token,they no need to hire bounty managers since most projects coming up with copper membership.They have to send their tokens only after ICO completes.

Lauren Smith

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Many people here do not read and listen and are just posting to be paid. Some of you are telling me if its their own token it will cost nothing. -_- *facepalm* Im talking about the gas fee. Gas fee can be $0.20 so how expensive will an airdrop be?

Quote from: DarkDays on September 09, 2019, 01:10:34 PM

Quote from: Lauren Smith on September 08, 2019, 03:07:08 PM

Running a bounty can't be cheap. For every person participating you have to pay a fee. For telegram and airdrops, how do the devs afford it?

10k airdrops at 1 cent is $100 just for one round. That sounds costly to me. I also doubt a transfer would be so little as 1 cent.

What makes me wonder even more is how do devs that give up on their projects or let them die still pay out their bounty? Some scams even payout their scam coin which must cost them 100s of $$

Is there something I am missing? is mass sending eth tokens cheaper then I think? Maybe someone with some experience in send to multiple eth addresses knows. You also need to use a special service or have the know-how to send to multi addresses as well.

Since when is sending 10,000 transactions for $100 expensive? That's incredibly cheap, can you imagine trying to send 10,000 individual payments with only $100 in network fees using any other payment platform?

For most people living in a developed country, $100 or even $1,000 is basically negligible. For companies looking to raise upwards of $1 million, they need to expect to spend a decent chunk of change initially marketing their project.

Yes but im not talking about projects looking to raise that much. Im talking about airdrops to create awareness before you recieve funding. Unless you do it after the ICO then i can see it happening. I pay $0.20 to send eth very often i think the lowest is $0.04 now it sounds like very little but for 10000 transactions it can cost a few hundred. Plus all the time it takes which costs you money as well. Not everyone wanting to run an ico is from a first world country and the gas fee might be a lot for them.

attech21

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Some tactics that they made is paying their own cost from what they get to there project being wise is like talking about on how does your bounty going good near in the future but their was a case that they have to pay using btc so that they gonna have a promo to their investors.

pamsugas

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they only pay with tokens, they don't cost a lot, just make smartcotract from eth. for sending tokens are also small. it's just that if their project is successful the token that they make will have great value.

Bonwin

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This should not be a point if debate and not a course for worry. As a project owner, you can decide to either pay in your token if you cannot afford to pay in other already listed coins and if you think you have the fund to back that up by paying in bitcoin, ethereum or other already listed coin, it might be preferable by bounty hunters and it will help to protect and maintain the value of your coin, which is if you do not have a solid product to back it up.

samcrypto

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Quote from: Semosuchi Tesongrato on September 15, 2019, 02:36:38 PM

Since you are paid in coins that do not yet exist, it does not seem to me that there is any cost.
It is a bet on the fact that what you receive.
My altcoins have disappeared, including scams and loss of value.
But in the meantime I managed to convert some into fiat, so I can't complain.

There’s still a cost if you are being managed by the good manager and of course a cost to create your product so many investors will come. The cost of making a new project is huge, and it requires a lot of works with the team and a lot of money to pay for your advertising program. The bounty might not pay you at first but you still need to spend some money on that to succeed.

nanaimogold

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Quote from: airdropdude on September 15, 2019, 04:23:23 PM

I think there is a cheaper way to send once to multiple eth address. I saw a developer posted this months ago and Ethereum founder Vatalik retweeted the post.
I also retweet the post but its been long. Searching for the tweet might take much of my time. I would have love to drop the link here.

Use multisend.Co and you will be fine. All you have to do is to input all recipient addresses and send collectively making it far easier and cheaper for you. There are other technical methods too but multisend tops it for me

airdropdude

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I think there is a cheaper way to send once to multiple eth address. I saw a developer posted this months ago and Ethereum founder Vatalik retweeted the post.
I also retweet the post but its been long. Searching for the tweet might take much of my time. I would have love to drop the link here.

randa2000

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Running bounty very cheap, the team pay in coin or token that cost nothing, why running bounty costly, we can say costly if the team pay in btc, or any other altcoin only.

Semosuchi Tesongrato

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Since you are paid in coins that do not yet exist, it does not seem to me that there is any cost.
It is a bet on the fact that what you receive.
My altcoins have disappeared, including scams and loss of value.
But in the meantime I managed to convert some into fiat, so I can't complain.

Weng simok

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Quote from: dcomomal on September 15, 2019, 12:08:09 PM

It is not definitely not cheap, you have also forgotten about running costs, like paying bounty manager, doing promotions and all that stuff. But the most projects are shutting down because of the one reason, the lack of money.

I think the funds used to cover all costs for bounty, managers, etc. naturally come from funds that can be obtained when ico or ieo are finished, so, it is natural for a project to be terminated if the funds obtained while doing ieo or ico are not reach the minimum sales / softcap target, even if forced to continue a project, usually the team will resale ico / ieo by making some changes to the sale of their project, such as giving a large enough bonus to the investor or maybe they will look for a large investor / angel investor as founders of their project.

omone1

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Projects usually send airdrop/bounty after they might have raised enough money that is good enough to cover the cost of gas of transferring as such the cost will just be negligible as regards to what has been realized through ICO/IEO funding. One thing I am yet to understand is how to mass send token on the ethereum platform.

DarkIT

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Quote from: freedomgo on September 12, 2019, 01:06:36 AM

It's cheap because we are seeing more people are running a bounty, and they are only paying their tokens, so it's not costly for them.
They maybe have to pay for the transaction fee but it's not expensive if they will send it by batch.

This is the logic, it's okay for them to spend for fees even if you think it's high but they will make sure they will raise a good amount.
Most projects raise at least $100 thousand for their ICO, that's a big money already compared to what they will pay for the bounty hunters.
In the earlier times, they could even raise millions in ICO.

as far as I understand, in ICO, the token will be sent to the person concerned when a project has completed the sale. that means, they have enough funds to pay a cheap fee. even more so for bounty hunters. I guess that really makes sense. of all the work done by bounty hunters, inviting enough investors to invest, I think if the total fee incurred is not more than $ 100, or even a range of $ 100, that is normal and can be said to be cheap.

capcaypro

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Quote from: J1mb0 on September 13, 2019, 01:51:37 PM

The project's coin-paying bonus programs don't cost too much. Because they can create it for free, and most of them are junk coins. There are very few payment projects in BTC or ETH

Indeed, that is what is received by the hunters of junk coins that are not valuable, for payments using BTC or ETH only in the gambling signature that I often see.

Topic: The cost of running a bounty? (Read 516 times)