Topic: The cost of running a bounty? - page 2. (Read 516 times)
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.
It becomes more and more hard to organize bounty. You need to pay Bounty Manager and now you need to promote your bounty badly. People realize that bounty tokens does not cost a shit most probably. Personally, I tend to see more BTC payout bounties, than oldschool ones.
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
Most developers that gave up on a project must have made the payment before they realized they cannot continue with the project, I don’t believe that there is any developer that would bring out a penny after project has failed, some other project that stopped along the line before they even concluded their ICO never pays anything, they give the money back to the investors, and since they could not meet up, we never expect anything.
The ones that won’t return money to developers will turn to a scam even if they didn’t have the intention of scamming initially. For airdrops, these guys do quote amounts that would have covered all these contingencies like the airdrop, so they have all that covered already on their quoted amount.
The ones that won’t return money to developers will turn to a scam even if they didn’t have the intention of scamming initially. For airdrops, these guys do quote amounts that would have covered all these contingencies like the airdrop, so they have all that covered already on their quoted amount.
Quite certain there is a method used to mass transfer tokens to many users at cheaper transaction charges . If it was as expensive as you think, payments of bounty tokens will kill some projects. You just have to find out the technique used in sending.
if the project turns out to be a scam even though the costs incurred for sending are very large but they have received a sum of money received from investors when selling tokens.
That's what I'm talking, there's always an operating expense, what matters is they will be net profit in the end, however if the project will turn our to be scam, this an additional destruction of crypto reputation, people will not anymore be attracted in crowd funding due to the high percentage of scam. Bounty hunters should be responsible at the same time, they should not only focus on the reward they will get, they need to study the reputation of the project they are promoting and only promote if the project has proof that it's legit or less likely become a scam project.
if the project turns out to be a scam even though the costs incurred for sending are very large but they have received a sum of money received from investors when selling tokens.
If the Ethereum blockchain is used, then the price of each transaction can still be minimal, but not free, for example, as in the TRON network. If we are talking about scammers, then for them a couple of hundred dollars is a penny, because they are focused on receiving several million dollars as a result of a scam ICO. Often, scammers have seed capital to organize the appearance of work, so do not be surprised at this.
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.
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.
Sending multiple transactions in a multisender app is cheap, the cost of sending those useless tokens are just a penny to what they will scam to the people who will fall to buy it on them without even thinking it's just a waste of money and time.
Yhup running bounty cant be cheap, but moslty scam project nowadays don't distribute any other crypto currency when it comes payment for all members .wherein it always their play money.
They accept other coin only such bitcoin and eth especially when there are some participants buying their coins. But when it comes paying for the team members, they don't want to waste few dollars from their pockets, just play money.. That's is my experience as a graphic artist on some projects. Working for one moth and what i got? Nothing just shitcoin. Lol
They accept other coin only such bitcoin and eth especially when there are some participants buying their coins. But when it comes paying for the team members, they don't want to waste few dollars from their pockets, just play money.. That's is my experience as a graphic artist on some projects. Working for one moth and what i got? Nothing just shitcoin. Lol
it cost nothing if your token has no value at all. dev just gave out token out of thin air we're just lucky that it gains any value.
So far this is the best option for developers and not only developers and bounty manager but the community as well to use when sending tokens to multiple addresses, it's time-consuming and saves you a lot of time and fund, kudos to developer of this application, this is one big help for the community in general.
To send token to multiple address, some Devs is using this address multisender.app. This is now clear to us that the cost of running bounty, when devs can't bear this cost they left project from doing development.
I saw I was paid a bounty a month ago and the dev used multisender.app thank you for bringing it up though. I had a look at it but don't seem to be able to find out how to work out how much the gas will cost.
If they hit the hardcap target in their token sale, the cost of bounty will be nothing compare with the amount of raised funds.
Usually the cost or allocation for bounty campaign is only 1-2% of token supply, so i think it won't cost too much.
Usually the cost or allocation for bounty campaign is only 1-2% of token supply, so i think it won't cost too much.
Indeed, most Developer teams allocate no more than 2% of the total sales of tokens for the budget bounty and I think this is not too large although there are some projects that allocate more than that but not more than 5%. Bounty budget, in my opinion, is like a marketing budget, but it is distributed to bounty hunters so that it is more effective to boost transaction value
I agree. It is the marketing budget. Promoters/bounty hunters help with that. Companies spend a lot of money on marketing. They spend more on marketing then anything else.
That is easy for people who know IT
I doubt its that bad. The airdrop tokens are free, they have cover only ETH transaction fees. And if they are indeed serious about their project, they have to have some starting capital, so 200$ or 300$ for gas is a steal when taking into account that they are getting "free" marketing from bounty hunters.
If they hit the hardcap target in their token sale, the cost of bounty will be nothing compare with the amount of raised funds.
Usually the cost or allocation for bounty campaign is only 1-2% of token supply, so i think it won't cost too much.
Usually the cost or allocation for bounty campaign is only 1-2% of token supply, so i think it won't cost too much.
Indeed, most Developer teams allocate no more than 2% of the total sales of tokens for the budget bounty and I think this is not too large although there are some projects that allocate more than that but not more than 5%. Bounty budget, in my opinion, is like a marketing budget, but it is distributed to bounty hunters so that it is more effective to boost transaction value
If they hit the hardcap target in their token sale, the cost of bounty will be nothing compare with the amount of raised funds.
Usually the cost or allocation for bounty campaign is only 1-2% of token supply, so i think it won't cost too much.
Usually the cost or allocation for bounty campaign is only 1-2% of token supply, so i think it won't cost too much.
Yes, it is not worth what they get from the sale, to send a token it only needs gas that doesn't reach 1ETH.
If they hit the hardcap target in their token sale, the cost of bounty will be nothing compare with the amount of raised funds.
Usually the cost or allocation for bounty campaign is only 1-2% of token supply, so i think it won't cost too much.
Usually the cost or allocation for bounty campaign is only 1-2% of token supply, so i think it won't cost too much.
There might be some GAS needed to send but that is not costly, if a project failed, it doesn't mean they don't raise anything, they just failed because they didn't manage to raise their minimum cap.
I don't know how the other manages their project during post ICO when they only reach a small amount of money, maybe some still continue to run the project despite the lower chance of success as they don't want to give refunds to investors, and they have plans to just scam the investors by fabricating reports about the development of the project where the funds were spent.
I don't know how the other manages their project during post ICO when they only reach a small amount of money, maybe some still continue to run the project despite the lower chance of success as they don't want to give refunds to investors, and they have plans to just scam the investors by fabricating reports about the development of the project where the funds were spent.
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