Topic: The cost of running a bounty? - page 3. (Read 516 times)
From some other members' responses, there are indeed applications that can send tokens in bulk quantities and may cost less for contract holders. The developer has provided a budget for this, including bounty management. Sometimes, the bounty manager is also paid with a similar token for the bounty, if it's not valuable then the bounty manager does not get rewarded according to his work, but conversely, if successful then it is very profitable.
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 $$
Is there something I am missing? is mass sending eth tokens cheaper then I think? Maybe someone with some experience in send to multiple eth addresses knows. You also need to use a special service or have the know-how to send to multi addresses as well.
10k airdrops at 1 cent is $100 just for one round. That sounds costly to me. I also doubt a transfer would be so little as 1 cent.
What makes me wonder even more is how do devs that give up on their projects or let them die still pay out their bounty? Some scams even payout their scam coin which must cost them 100s of $$
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.
Developers do everything original. They promise to send you an airdrop, they promise to pay you for participating in the bounty campaign. And many devs pay with tokens of their projects, which are of value only if the project has collected the necessary amount of investment, placed its tokens on the exchange and continues to implement its roadmap.
Are you serious? the reward is much more worthy for the developers than the fees, if you are talking about paying fees on Ethereum you can pay low fees and it is just going to take time to get it confirm, but that is non of your problem the main thing is for your project to succeed and when it does, is a win-win situation for the both the team and the hunters.
It don't cost much to run a bounty. compared to what they can achieve if the project becomes successful, its very very low. And whatever they have to pay, they pay in the same tokens so they actually do it for free. Almost free if not totally free.
Well I have managed some of the campaigns and helped some of the managers so in my thinking and observation nothings costs the owner of the project for running a bounty only the cost is paying the manager and any other working person with the project all other enrolled users are paid with the tokens which are of no worth at that time sometimes it does not worth later also... Sometimes the owner also sign a contract to pay the manager or managers to pay them in tokens so it costs nothing...
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 $$
Is there something I am missing? is mass sending eth tokens cheaper then I think? Maybe someone with some experience in send to multiple eth addresses knows. You also need to use a special service or have the know-how to send to multi addresses as well.
10k airdrops at 1 cent is $100 just for one round. That sounds costly to me. I also doubt a transfer would be so little as 1 cent.
What makes me wonder even more is how do devs that give up on their projects or let them die still pay out their bounty? Some scams even payout their scam coin which must cost them 100s of $$
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.
Scam project does not intend to pay more than their profit, same goes to the legit projects. So I can say the cost of running a bounty campaign is almost negligible to the developers side. Most project that failed their ICO never distributed their token and declared ICO failure thus making an excuse to not distribute it. While scam projects that collected money from investors already in a profit so spending hundreds of dollars for token distribution is not an issue for them. But for those legit and strong project, they spend hundred thousands of dollars for this campaign sadly, this is a rare case now aday.
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 $$
Is there something I am missing? is mass sending eth tokens cheaper then I think? Maybe someone with some experience in send to multiple eth addresses knows. You also need to use a special service or have the know-how to send to multi addresses as well.
10k airdrops at 1 cent is $100 just for one round. That sounds costly to me. I also doubt a transfer would be so little as 1 cent.
What makes me wonder even more is how do devs that give up on their projects or let them die still pay out their bounty? Some scams even payout their scam coin which must cost them 100s of $$
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.
I think the cost of sending bulk tokens is not too expensive or they use special services to send mass tokens to thousands of bounty hunters, this is done to get a positive response to bounty hunters to avoid indications of a planned scam because bounty hunters have a big influence on Telegram group conversations.
If a project went well and collected some money, they can offer themselves to pay out the fees that is not even a problem. So they are looking great in front of their community by sending worthless tokens and are leaving with all the money after several months of acting.
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 $$
Is there something I am missing? is mass sending eth tokens cheaper then I think? Maybe someone with some experience in send to multiple eth addresses knows. You also need to use a special service or have the know-how to send to multi addresses as well.
I think what really cost them is ETH fees. And usually from what i see, developers use their money if not reach softcap. Because it means they must refund investor's money. Or sometime use money that already raised from ICO. So, actually they not use their own money to pay fees because it is already on their use of funds. About this one usually they already put in their whitepaper. 10k airdrops at 1 cent is $100 just for one round. That sounds costly to me. I also doubt a transfer would be so little as 1 cent.
What makes me wonder even more is how do devs that give up on their projects or let them die still pay out their bounty? Some scams even payout their scam coin which must cost them 100s of $$
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.
Once they pay bounty hunters it doesn't mean that it will cost a lot especially with the token that they just created and without any value so meaning to say, they just need to pay the gas and of course, using the funds that were collected during ICO or IEO or crowdsale. That actually depends because most bounty managers are being paid using the tokens as well.
Running a bounty wont cost much. Because nowadays even the bounty managers accept payment in the tokens and creating
tokens are not that costly.There are devs who do that for 20 dollars. For distribution of the tokens they need some eth in their wallet. Thats it.
tokens are not that costly.There are devs who do that for 20 dollars. For distribution of the tokens they need some eth in their wallet. Thats it.
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 $$
Is there something I am missing? is mass sending eth tokens cheaper then I think? Maybe someone with some experience in send to multiple eth addresses knows. You also need to use a special service or have the know-how to send to multi addresses as well.
10k airdrops at 1 cent is $100 just for one round. That sounds costly to me. I also doubt a transfer would be so little as 1 cent.
What makes me wonder even more is how do devs that give up on their projects or let them die still pay out their bounty? Some scams even payout their scam coin which must cost them 100s of $$
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.
When the developer team holds a bounty program and also an airdrop, they have a goal to introduce the project in the hope that an investor will enter. I think they have calculated how much they spend and what they will get. They pay with their own tokens and it is cheap because they make it themselves, while investors are disadvantaged because they buy with coins that are already on the market and have value
The days of ICO devs paying for bounties in hard coins like BTC or ETH are long gone, now they just create shitcoins out of thin air and use them to hire cheap labor, aka bounty hunters. There is a hidden cost to that, because bounty hunters will dump their coins asap, thus lowering the value of dev stash, but it's a very small cost, because most of the profit of ICO scammers comes from selling tokens during the ICO phase.
Bounty management fees are very little. Some bounty managers take only 100-200 USD weekly and some take even 50$ to manage a bounty thread and the sheet! So, it's very cheap. Project allocates 1-2% of total supply for the Bounty marketing If a project got success, those 1-2% token get worth, otherwise those allocated tokens are totally valueless!
I hope you got the answer!
I hope you got the answer!
Bounty creators are usually more concerned about the exposure and positive outcome that may result from conducting a bounty. The bounty fee itself is more of an investment. They'd have to pay Devs, managers and participants, but that is hoping that the bounty would be successful. It would definitely cost a few hundred dollars for management.
A developer who wants to send tokens to those who helped him in the promotion of his project should have known from the onset that he has the responsibility of using gas to send his token to the respective people who deserve it. Also, the way the smart contract is designed determines how much gas will be utilized.
It depends of which method and which coins devs will use to pay
If they pay with their own coins, there is just a little cost for them, but if they pay with BTC, they probably did some sale to get funds
Everyone have some different aproach to run their business
If they pay with their own coins, there is just a little cost for them, but if they pay with BTC, they probably did some sale to get funds
Everyone have some different aproach to run their business
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?
Since you are talking about alt coins, i can very well tell that the tokens the owners are providing are cheap because the valuation comes from the amount they say. I have not seen any airdrops or bounty payments in bitcoin which is the real value and if any team is doing that, then you can trust them as they are putting real money to conduct these bounties. I have seen some bounties paying in bitcoin but majority of the bounty campaigns are paid through their coins which has zero valuation.
Paying out of bounty tokens doesn't cost much it only requires the gas fee and the tokens which the dev already have and for scam projects they use out of the funds they scammed from people to pay the gas for the token transfer.
There are smart contracts capable of sending to multiple wallets at once making the transfer fee cheaper.
There are smart contracts capable of sending to multiple wallets at once making the transfer fee cheaper.
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