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Topic: Three phases bounty distribution - page 3. (Read 834 times)

sr. member
Activity: 2030
Merit: 269
July 20, 2020, 10:32:49 AM
It's a good thing that few bounty managers are now limiting participants for bounties but another problem I'm bounty projects are dumps, one way that bounty managers can help to avoid dump is three phase distribution, many would probably hate this but c'mon we all want good $$$ from projects we promoted right? Controlling dump this way works, what do you think? I've seen bubbalex doing this and even COVIR that plan to use bitforex to raise funds plan to distribute tokens in three phases
Yes it's ok to implement as long as they announce it at the beginning of the campaign or when the campaign is starting not after the campaign and when they are about to distribute it, there is deception if they are going to do this and bounty hunters do no like and they do not trust projects that does this, that is why they are posted in the scam section.
hero member
Activity: 2954
Merit: 796
July 20, 2020, 10:14:29 AM
Can you show me a project which price has been increased while the bounty was distributed within three weeks? I don't know if any of such project exist. I don't think it's a good solution to avoid price dump.
I also didn't see any projects like that, their prices collapsed in the first batch and I believe it was not the bounty hunter's fault. Distributing into 3 phases only makes things more complicated
It's been a very long story and a biased accusation that many companies blame bounty hunters whenever the price drop after they distributed it, but they didn't see or point out that it might be because of the early investors who took advantage on their bonuses, since many already experienced a declined in prices of new crypto listed in exchanged many smart early investors sells their share for their benefit.
Having 3 phases is still fine than not paying at all, as long the funds were escrow or they will provide guarantee that they will pay since it's their transaction fee that will be spend.
full member
Activity: 756
Merit: 100
July 20, 2020, 10:09:09 AM
Can you show me a project which price has been increased while the bounty was distributed within three weeks? I don't know if any of such project exist. I don't think it's a good solution to avoid price dump.
One protecting process can't push the price up. Bubbalex wants to protect the price from dumping. Only three weeks can't help in that case. Although Bubbalex is choosing a very good project about how price could be stable. In the future a more stable process will be added. But I don't think this is right that below 0.1 percent rewards allocation is good for bounty.
full member
Activity: 1750
Merit: 118
July 20, 2020, 09:36:12 AM
Can you show me a project which price has been increased while the bounty was distributed within three weeks? I don't know if any of such project exist. I don't think it's a good solution to avoid price dump.
I also didn't see any projects like that, their prices collapsed in the first batch and I believe it was not the bounty hunter's fault. Distributing into 3 phases only makes things more complicated

it doesnt complicate things as long as their rules arent complicated and you dont need to complicate your mind but you can just do your job because its the manager and the teams job to complicate things  . i hope this explanation does seem to complicated to understand lol . i dont know about you guys but i think i already saw a bounty that pay in advance as well as bounty that pays verry late but payments didnt hold thier outcome  . its about how thier main plan do well  .
full member
Activity: 924
Merit: 221
July 20, 2020, 09:25:17 AM
Well, I had been away into joining bounty projects that pays token. Before when I used to join bounty hunting, I always failed to get good rewards. I always failed and if I am able to get rewards it does only pay a little bit of $$. This is why I quit promoting. I only join bounty that pays btc though I am not after for the rewards because I am after for learning.

I am new to this kind of distribution. Anyway, for me it does not matter and this will help the project indeed because we all know that most bounty hunters dump their tokens after it will get listed. This will eventually kill the project if their were too much selling of their coin/token.

Is there any good projects that pays well? Most of it are being run by scammers though there are few coins are good.
sr. member
Activity: 882
Merit: 253
July 20, 2020, 09:16:43 AM
I think one of the purposes why bounty distributor wants to split the reward is to prevent the token for being dump and to allow users not to sell them quickly. I know project that implement these kind of distribution and it’s not even three phase. Its process is to send the reward via weekly payment and its split the reward about 10x before you can get all the reward you earn. After the middle of the distribution, they implement the KYC which is very new way. Most of the participants not agree with the rules and not participate in KYC and even me. I prefer to get my reward as quickly as possible and project team should not hold it especially if the allocation for bounty is not huge.
sr. member
Activity: 1568
Merit: 283
July 20, 2020, 09:15:06 AM
I have seen this kind of practices from devs to prevent heavy dumb to be happening on exchanges after listing and bounty reward distribution. I'm not sure how they are believing into this concept like when they are not paying all the rewards all at once, how bounty hunters will not be dumping like whenever they receive each round of rewards, again they will go simply dumping in exchanges. I mean nothing will be preventing bounty-hunters from dumping but the only good thing for devs might be getting some time before the final dumb happening.

The only benefit here possible is delayed dumping.

At the same time, if devs works on developing what they have promised in whitepape, then people will prefer holding their bounty rewards rather than dumping immediately. I mean if the project is promising one then devs will never need to worry about dumps to be happening because people are always looking for investing into good projects so continuous investors will keep your coins/tokens value higher always regardless of what bounty hunters are doing.
sr. member
Activity: 1708
Merit: 295
https://bitlist.co
July 20, 2020, 09:10:23 AM
Can you show me a project which price has been increased while the bounty was distributed within three weeks? I don't know if any of such project exist. I don't think it's a good solution to avoid price dump.
I also didn't see any projects like that, their prices collapsed in the first batch and I believe it was not the bounty hunter's fault. Distributing into 3 phases only makes things more complicated
Distribution in 3 stage is a good strategy if the project wants to protect token prices. But it's only good if they have a really big bounty budget. And if they only have a budget of $ 10-50k, I think they just need to make things simpler, that is a one-time distribution
full member
Activity: 1190
Merit: 105
PredX - AI-Powered Prediction Market
July 20, 2020, 08:35:22 AM
Can you show me a project which price has been increased while the bounty was distributed within three weeks? I don't know if any of such project exist. I don't think it's a good solution to avoid price dump.
I also didn't see any projects like that, their prices collapsed in the first batch and I believe it was not the bounty hunter's fault. Distributing into 3 phases only makes things more complicated
hero member
Activity: 1666
Merit: 629
July 20, 2020, 08:33:56 AM
Although I do not understand exactly what you mean, I would like to say that today many projects try to prevent rapid price decrease by using their own solutions for bounty payments. Of course, since each project distributes with a different method, there is no method that it knows constantly for its users, but campaign managers do not make any effort to produce their own methods. If campaign managers design methods specifically for them and use these methods for the campaign they will manage, they will both create a good obstacle to fast sales and reward distributions are completed with a fixed method that everyone will know.
full member
Activity: 588
Merit: 101
July 18, 2020, 06:34:21 PM
This is annoying and risky for bounty hunters at the same time before the three distribution phases come to past the token can lose its value and you will be left with few dollars, I'm not supporting this, it's better it team can only give up the exact amount of tokens they can release at once
But if it has been a decision and has been set since the beginning of the bounty, we cannot do much. If you don't agree with the system, then don't join.
IMO, it is a precautionary measure to deal with price reductions when investors and bounty hunters take massive selling at the same time, so it is anticipatory action taken by the dev team. We must appreciate this, at least if this decision is made from the beginning, then the bounty hunter can be more tolerant. However, in reality, many dev teams have made changes to these rules before distribution, especially when the project achieved good sales, of course, this makes the bounty hunter disappointed. It has been blamed because it is considered to be the cause of the dump, the reward is not shared in full, it is increasingly upsetting. Well, that's the risk.
jr. member
Activity: 840
Merit: 3
July 18, 2020, 04:49:12 PM
One thing you should also understand is that dumping of token prices is not always from bounty hunters alone . Good and strong projects like XXA and the likes distributed bounty rewards at once and their price didnt dump. Most times project team and investors who bought token  with huge bonus are usually the once dumping the price.

Take for instance , Dogdata the team and investors dumped the price  so bad even when bounty rewards have not been distributed.  so in as much as i support multiple phase distribution , i want also to let you know that dumping is not always about bounty hunters.
sr. member
Activity: 1372
Merit: 322
July 18, 2020, 04:23:26 PM
Can you show me a project which price has been increased while the bounty was distributed within three weeks? I don't know if any of such project exist. I don't think it's a good solution to avoid price dump.
full member
Activity: 398
Merit: 100
July 18, 2020, 03:55:16 PM
It shouldn't be like that, the team is responsible whatever the hunters did to their rewards.
But they could just give amount rewards that they're willing to be part, don't set the amount for bounty rewards too high then try to delay it. Literally bait and switch tactic akin to scam.
Most of the time it's only 2% or less for bounty rewards so it's not that big to make a certain dumped for the entire project,.
Yeah, if they don't feel confident about letting loose 2% of the total cap on the market from their project, I think they are okay for being small fish.
full member
Activity: 2184
Merit: 184
Hire Bitcointalk Camp. Manager @ r7promotions.com
July 18, 2020, 02:40:16 PM
It's all about the utility of the project, if demand is high enough there won't be any damage to token value if bounty hunters dump their shares but mind you it also depends on how much tokens were given out to bounty hunters
That's true mate, good projects won't feel the impact of the dumpers when their project has more case use in real world than just virtual case use. Those projects with the right team members will survive any attacks from bounty hunters anytime than mere scam projects. Also, the value of the tokens in distribution matter for any project to strive during the dump, the lesser the tokens the better the token price.
hero member
Activity: 2268
Merit: 579
Vave.com - Crypto Casino
July 18, 2020, 02:30:56 PM
#99
It's a good thing that few bounty managers are now limiting participants for bounties but another problem I'm bounty projects are dumps, one way that bounty managers can help to avoid dump is three phase distribution, many would probably hate this but c'mon we all want good $$$ from projects we promoted right? Controlling dump this way works, what do you think? I've seen bubbalex doing this and even COVIR that plan to use bitforex to raise funds plan to distribute tokens in three phases
This ideas is the strategy most new project used these days but despite that if you check the price of their token/coin in the market youll see the strategy as a footless effort which didnt save the project from downtrend and thats because theres no way a 7-10% out all maximum supply will affect the price of a project in market.
What new project owner needs to a strategy that will make investors and early miners keep their holding that selling it.
hero member
Activity: 1260
Merit: 510
July 18, 2020, 02:27:23 PM
#98
You know that many projects are already applied this method on their bounty distribution. But if we talk about the dump, in the end it's all about the demand and the quality of the project itself. The price won't be dumped if it has a good volume especially the buy order, in order to cover the huge selling activity from bounty participant.
sr. member
Activity: 2226
Merit: 259
Buzz App - Spin wheel, farm rewards
July 18, 2020, 02:18:21 PM
#97
I don’t think three phases distribution is working in single bounty project. I would to remember Tokoin it’s so potential project, provably they paid 30-40% tokens within first two months but they increased phases but can't protect the price. But now so many good projects applying these way, it’s better than 6 months or 1 year locked.                              
1 year locked is a very long time, bounty hunter also needs money, I'm sure if the project is good,
bounty will not make a bad impact on the price
That's true dude, but you don’t know Azbit project which was launched around 1.5 years before. These project participants are unlucky so they’re still nothing receive yet. CEO excusing several times to price will be crash after bounty distribution, such old project still worries for the hunter tokens lol. It’s seems deceived.               
member
Activity: 161
Merit: 12
July 18, 2020, 02:14:42 PM
#96
Another reason why nowadays it is too hard to actually get a decent profit from doing bounty work. Most of the bounty for bounty hunters to join put them at a huge disadvantage where every kind of risk is on bounty hunters. No such thing called fair and square anymore. A few months-long bounties with stages of distribution and locking before a set of time... Pure nightmare.
member
Activity: 210
Merit: 10
July 18, 2020, 02:06:52 PM
#95
It's a good thing that few bounty managers are now limiting participants for bounties but another problem I'm bounty projects are dumps, one way that bounty managers can help to avoid dump is three phase distribution, many would probably hate this but c'mon we all want good $$$ from projects we promoted right? Controlling dump this way works, what do you think? I've seen bubbalex doing this and even COVIR that plan to use bitforex to raise funds plan to distribute tokens in three phases
I doubt if that COVIR Project will have good value once trading begins on exchange, I know the project have real use case and of course a fully functioning company but they plan to use bitforex of all exchanges, there won't be much demand for this token
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