Three phases bounty distribution - page 4.

cytpoway121

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Quote from: Apostlekin$$$ on July 16, 2020, 05:45:27 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

Most times, 3 phases of bounty distribution is just to reassure investors, and team themselves the assurance that the project will survive on the long run. Also, it is employed to scare or reduce the amounts of bounty participants

JHORN

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This is annoying and risky for bounty hunters at the same time, before the three distribution phases comes 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

Golftech

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Quote from: popeye95 on July 18, 2020, 01:23:23 PM

I don't get it why they need to do this. Lock or freeze token in a set amount time and try to delay the distribution of bounty reward is always a lame excuse because "muh dump".

They should properly allocates that budget, advertising is part of the marketing and having the right allocation is a must for the team.

Quote from: popeye95 on July 18, 2020, 01:23:23 PM

Controlling dump for a project with a low fund for bounty or airdrop is a waste of time.

It shouldn't be like that, the team is responsible whatever the hunters did to their rewards.

Quote from: popeye95 on July 18, 2020, 01:23:23 PM

Unless they set like 10% of the total cap then maybe I can understand their point but for less than 1% or even 0. zone but you still need to control it?

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,.

KaratX

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It's the team choice if they plan to use this distribution strategy, it's not something that bounty managers can pull off themselves, the latest bounty from bubbalex also have this rule of distributing three times and bubbalex said it's not his idea but straight from the team, I'm fine with it anyways

popeye95

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I don't get it why they need to do this. Lock or freeze token in a set amount time and try to delay the distribution of bounty reward is always a lame excuse because "muh dump". Controlling dump for a project with a low fund for bounty or airdrop is a waste of time. Unless they set like 10% of the total cap then maybe I can understand their point but for less than 1% or even 0. zone but you still need to control it?

Greatdev

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I don't like the idea of distributing tokens thrice, this won't safe a project from getting dump if the project utility is utterly useless, if the project token has a very good utility there will be high volume on exchanges because of the demand and bounty max supply isn't always up to 0.5% of whole project max supply, this can't make the token lose value

Kopetunto

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Quote from: mdzahed134 on July 18, 2020, 01:05:09 PM

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

mdzahed134

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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.

saint_casanova

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A good project doesn't need to complicate its distribution by split into 3 or 5 or whatever. If they overestimate their bounty funds and worry about too much of it would cause dump then try something else but not this.

Axelseseclevz

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I don't think if that strategy will become effective to avoid dumping of price in crypto market. But i think the tiken price won't go down if there will be an effective marketing strategy from the project team with their support. Also i don't think that bounty hunters are the only reason why token lose it's value.

Maxstl007

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If a project lacks good use case or well developed utility it will surely loses value fast even if the team decide to do a ten batches token distribution after bounty ends, I choose bounty projects carefully depending on how good it's use case is so whatever the team decisions might be won't affect the price or myself, as far as I get my tokens

maxreish

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You mean the manager shall not distribute the reward token at one time?
It's a good idea to atleast to control the dump, distributing it in a three phase will make it more reasonable for the bounty participants not to dump the coin together after receiving it. Indeed a good idea.

But come to think of it, whether this idea will work or not. We are in crypto market and we can't avoid dump price, right? Not just the participants will be the cause of the price dump after selling it but also the team, devs and the owner who has huge coin can easily dump the coin whenever they want to.

Kez1817

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Quote from: Apostlekin$$$ on July 16, 2020, 05:45:27 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

That's not a good idea to prevent project to fail or token to down it's value. Even the distribution for bounty participant will be divided into many 3 or 12 phases there is no change in tokens value because it depends on the demand,marketing strategy and the support of the team to avoid their token become worthless after a few months. Marketing strategy is the very important for a project to gain higher demand. Don't always blame the hunters because not all hunters are selling at a lowest price and dump the token.

the_thing

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Quote from: ?? on ??

Quote from: Apostlekin$$$ on July 16, 2020, 05:45:27 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

Do you think limiting a distribution to 3 phases would help to prevent a project from dumping? I personally don't think so. A good project will always survive the dumps regardless of of 3 phase distribution or not

Some projects give a huge amount of tokens for their campaign and during the early stages of the project, they have low liquidity in the market during which if all tokens are released at once then it will cause huge dump on this case stage-wise distribution is the best.

harapan

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although distributing in stages does not mean it will avoid the dump because the dump occurs not because of the hunter but because of market demand and games from large investors. if the project is good even if the distribution is done at once it won't dump

joseyphil82

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Quote from: Apostlekin$$$ on July 16, 2020, 05:45:27 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

I wish COVIR bounty hunters all the best because they plan to use bitforex to raise fund, we know that bitforex is just like another Probit exchange, I'm sure they won't raise enough money using that exchange and again they plan to distribute tokens in three batches? You can't compare this with Cartesi that raised fund using Binance exchange

Google+

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Quote from: Bitbtc8 on July 17, 2020, 02:38:07 AM

Since 2018 the only bounties that I've seen and joined that used 3 batches distributions are Harmony and Cartesi and they are both listed on binance, makes me thinks that any project that landed on binance exchange will do the same thing? I might be wrong, well to me the higher the demand of a project token the better

I think there are only a number of projects that are truly trusted and have very useful project developments that can be registered at the Binance exchange place and of course the cost of a project to register the project at the Binance exchange place is also very expensive.

Tipstar

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Quote from: marks1976 on July 17, 2020, 02:43:19 AM

Quote from: ?? on ??

Quote from: Apostlekin$$$ on July 16, 2020, 05:45:27 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

Do you think limiting a distribution to 3 phases would help to prevent a project from dumping? I personally don't think so. A good project will always survive the dumps regardless of of 3 phase distribution or not

Definitely, but some project are more vulnerable to dumping because maybe their volume in exchange is relatively low. I think it's not a problem if the developers decide to make it three phase as long as its still giving the promised reward.
but as far as it goes that's the developer problem to solve the dumping and they might come up with their own solution.

It's not as painful for bounty participants to receive tokens in phases than to see the prices of the token they hold dump before they are able to sell it. I'm all good with phased issuance if the project believes giving all at once would dump the price. But what we should also not forget that it's not generally the bounty participants that dumps the price. If there were enough interest, investors would be easily buying the at most 5% of coins which they are getting at a price below the ICO price.

marks1976

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Quote from: ?? on ??

Quote from: Apostlekin$$$ on July 16, 2020, 05:45:27 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

Do you think limiting a distribution to 3 phases would help to prevent a project from dumping? I personally don't think so. A good project will always survive the dumps regardless of of 3 phase distribution or not

Definitely, but some project are more vulnerable to dumping because maybe their volume in exchange is relatively low. I think it's not a problem if the developers decide to make it three phase as long as its still giving the promised reward.
but as far as it goes that's the developer problem to solve the dumping and they might come up with their own solution.

Bitbtc8

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Since 2018 the only bounties that I've seen and joined that used 3 batches distributions are Harmony and Cartesi and they are both listed on binance, makes me thinks that any project that landed on binance exchange will do the same thing? I might be wrong, well to me the higher the demand of a project token the better

Topic: Three phases bounty distribution - page 4. (Read 872 times)