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Topic: The cost of running a bounty? - page 4. (Read 516 times)

hero member
Activity: 2184
Merit: 531
September 08, 2019, 04:46:18 PM
#4
They are betting money on their bounties and airdrops being successful. They could go to a casino and bet there but they prefer to give money to you and hope for bigger returns. Many teams don't spend their own money but have early investors who are helping them finance the projects for a bigger share of tokens.

100 dollars is nothing. I know people who drive cars worth 50 thousand and they are just normal people who have families and jobs. What makes you think a coin dev doesn't have that kind of money?
hero member
Activity: 3024
Merit: 745
🌀 Cosmic Casino
September 08, 2019, 04:17:13 PM
#3
$100 isn't really costly for the devs if they actually gathered hundreds of thousands to millions of dollar during their sale. The portion of bounty budget allocation is just a small amount to the whole that they've collected.
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.
AFAIK you need to create contract like this website: https://multisend.co/
sr. member
Activity: 1270
Merit: 254
Oikos.cash | Decentralized Finance on Tron
September 08, 2019, 03:55:04 PM
#2
at the time of sending these tokens, they cost nothing for those people who create their own coin or their own project. they stop working on the project if they fail to develop. it happens in any business
sr. member
Activity: 1050
Merit: 277
September 08, 2019, 03:07:08 PM
#1
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.
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