If I'm not mistaken there was a bounty program who have a rule that when the coin has been distributed for all bounty hunter they will get the reward in their wallet but they can sell all of the token in the allotted time. They can only sell a few percent of the amount of tokens he has.
In one side that is a good strategy from developer or bounty manager but in another side I just think that they are aware if the project didn't has a real function. I mean, if they thinking that the project has a real function to be used by most people they shouldn't be afraid for the price token dump. They will focus to develop their project and always find another chances to working with several parties to get a mass adoption.
Topic: Three phases bounty distribution - page 8. (Read 834 times)
There are disadvantages for bounty hunters if this will be implemented in every project.
-The value of it in the market will surely decrease over time.
-It is possible that the upcoming payments of bounty hunters to receive won't arrive.
-The money that they are expecting won't be received in full.
These are some of it, I have experienced this before and it is not good for bounty hunters. Also, bounty hunters are not the one who's at fault for the dump of coins in the market, they only hold a little amount of token from the total supply (around 1-5%). I don't think that it will highly affect the market price.
-The value of it in the market will surely decrease over time.
-It is possible that the upcoming payments of bounty hunters to receive won't arrive.
-The money that they are expecting won't be received in full.
These are some of it, I have experienced this before and it is not good for bounty hunters. Also, bounty hunters are not the one who's at fault for the dump of coins in the market, they only hold a little amount of token from the total supply (around 1-5%). I don't think that it will highly affect the market price.
This is not something bounty hunters can debate on because it's not in our reach, only project team can decide that, I'm sure that DIA project from bubbalex have 3 phase distribution because of the team, it's what the team wanted
I was also quite surprised when the bounty budget was only $ 10,000 but they still made 3-stage distribution. It's really unworthy, if bounty has a budget higher than $ 50k then a 3-stage distribution would be much more reasonable.full member
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There were many attempts to regulate the bounty sell-offs, but in most cases, it doesn´t work. Because you have to realize what makes a token valuable. It is the popularity of the product, partnerships, development, use case. So even the ICO doesn´t have a bounty campaign, it could fall to zero because they do not care about future growth.
This is not something bounty hunters can debate on because it's not in our reach, only project team can decide that, I'm sure that DIA project from bubbalex have 3 phase distribution because of the team, it's what the team wanted
I was also quite surprised when the bounty budget was only $ 10,000 but they still made 3-stage distribution. It's really unworthy, if bounty has a budget higher than $ 50k then a 3-stage distribution would be much more reasonable. 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 $$$ from projects we promoted right? Controlling dump this way works, what do you think? I've seen bubbalex doing this and even COVIR that plan to use bitforex to raise funds plan to distribute tokens in three phases
Do you mean the manager must give a suggestion to the team for dividing the distribution for the bounty reward into the some phases? I think that decision will be going back to the team and you must try to talk with the manager directly. I do believe mostly participants will not agree with it.
It's all about the utility of the project, if demand is high enough there won't be any damage to token value if bounty hunters dump their shares but mind you it also depends on how much tokens were given out to bounty hunters
It's a good thing that few bounty managers are now limiting participants for bounties but another problem I'm bounty projects are dumps, one way that bounty managers can help to avoid dump is three phase distribution, many would probably hate this but c'mon we all want good $$$ 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
whether 1 phase or 10 phase of bounty distribution.. a listed coin without good demand and market makers to drive volume will always go down to zero.. people who invest in crypto startup are those who likes to gamble with their hard earned moneyIt'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 $$$ from projects we promoted right? Controlling dump this way works, what do you think? I've seen bubbalex doing this and even COVIR that plan to use bitforex to raise funds plan to distribute tokens in three phases
whether 1 phase or 10 phase of bounty distribution.. a listed coin without good demand and market makers to drive volume will always go down to zero.. people who invest in crypto startup are those who likes to gamble with their hard earned money
This is not something bounty hunters can debate on because it's not in our reach, only project team can decide that, I'm sure that DIA project from bubbalex have 3 phase distribution because of the team, it's what the team wanted
It's a good thing that few bounty managers are now limiting participants for bounties but another problem I'm bounty projects are dumps, one way that bounty managers can help to avoid dump is three phase distribution, many would probably hate this but c'mon we all want good $$$ 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 have seen many project owners already implementing this. It's a good way to control the dump caused by bounty distribution but, I think it's not up to bounty managers to decide how they wanna distribute the token because it's usually project owners who send out the payments to participants.
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 $$$ from projects we promoted right? Controlling dump this way works, what do you think? I've seen bubbalex doing this and even COVIR that plan to use bitforex to raise funds plan to distribute tokens in three phases
whether 1 phase or 10 phase of bounty distribution.. a listed coin without good demand and market makers to drive volume will always go down to zero.. people who invest in crypto startup are those who likes to gamble with their hard earned money
What exactly do you mean?
Is it a staggered distribution of bounty rewards? If yes, then I think it's already been applied in some projects, but unfortunately that would not change anything as the value of the token/coin is still lower than its IEO/ICO price, the timing is not good now if we expect a short term profitable return, that's the reality.
Is it a staggered distribution of bounty rewards? If yes, then I think it's already been applied in some projects, but unfortunately that would not change anything as the value of the token/coin is still lower than its IEO/ICO price, the timing is not good now if we expect a short term profitable return, that's the reality.
It's a good thing that few bounty managers are now limiting participants for bounties but another problem I'm bounty projects are dumps, one way that bounty managers can help to avoid dump is three phase distribution, many would probably hate this but c'mon we all want good $$$ 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
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