What are stakes in altcoin bounties?

X-ray

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Quote from: 3DBrushes on August 28, 2017, 06:10:43 AM

I've came across certain bounty threads which pays bounties as stakes. How do these bounties work? Is it something like % of profit?
Can anybody explain this?

That reflected the shares already got by the participant but it looks weird because you are full member and didn't know about the easy thing like this i can suggest you to visit on the beginner and help section which to be a better place for you to ask about this question.

Haesoo

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Quote from: doedz on August 28, 2017, 06:29:36 AM

I do not need to explain anything, there is already explained completely. The more stake you get the more you get paid.
I'm not too dizzy with this, you just need to trust bounty manager, he is a professional and will not make mistakes in calculating.

Just to add some to this, you will get stakes if you obey all their rules like their required posts and wearing their signature for the whole period of campaign. Your stakes depend on your rank and at the end of campaign the manager will compute it. And you will just wait for the announcement of removihg of signature and the distribution of stakes.

janggernaut

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Quote from: rudystyle on August 28, 2017, 06:19:07 AM

Yes at the end they will be converted to percentages
Suppose there are 4 participants in the bounty
Participant 1 : 10 stakes
Participant 2 : 25 stakes
Participant 3: 5 stakes
Participant 4 : 10 stakes

Total Stakes = 50

So each participant will be allotted the following percentages of the coins reserved for the bounty

Participant 1 : 10/50 * 100 = 20%
Participant 2 : 25/50 * 100 = 50%
Participant 3: 5/50 *100 = 10%
Participant 4 : 10/50 * 100 = 20%

I'll adding some of the example which already given by rudystyle.
Assume there are 10,000,000 token reserved for bounty, and it will counted by how much participant's stake.

Participant 1 will get : 20%*10,000,000 = 2,000,000 tokens
Participant 2 will get : 50%*10,000,000 = 5,000,000 tokens
Participant 3 will get : 10%*10,000,000 = 1,000,000 tokens
Participant 4 will get : 20%*10,000,000 = 2,000,000 tokens

Hope you can understand with this.

Quote from: doedz on August 28, 2017, 06:29:36 AM

I'm not too dizzy with this, you just need to trust bounty manager, he is a professional and will not make mistakes in calculating.

There were some manager who have made mistake while calculating participants stake.

doedz

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I do not need to explain anything, there is already explained completely. The more stake you get the more you get paid.
I'm not too dizzy with this, you just need to trust bounty manager, he is a professional and will not make mistakes in calculating.

batang_bitcoin

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Quote from: 3DBrushes on August 28, 2017, 06:10:43 AM

I've came across certain bounty threads which pays bounties as stakes. How do these bounties work? Is it something like % of profit?
Can anybody explain this?

It depends on how much the project will be collecting and you're right with it. Those stakes that you will be getting will be cut from the total profit and it's like a little share from your work from them. So the higher stakes you will be getting from their project, the higher percentage that you will be getting from it when their project succeed.

13abyknight

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When a bounty campaign is announced, the total number of tokens up for grabs would be mentioned. Stakes are assigned based different criterions for different types of campaigns like Facebook, Twitter, signature etc. At the end of the campaign, the total number of tokens will be divided by the number of stakes you would have gained and that is the amount of tokens you would be getting from the bounty.

rudystyle

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Yes at the end they will be converted to percentages
Suppose there are 4 participants in the bounty
Participant 1 : 10 stakes
Participant 2 : 25 stakes
Participant 3: 5 stakes
Participant 4 : 10 stakes

Total Stakes = 50

So each participant will be allotted the following percentages of the coins reserved for the bounty

Participant 1 : 10/50 * 100 = 20%
Participant 2 : 25/50 * 100 = 50%
Participant 3: 5/50 *100 = 10%
Participant 4 : 10/50 * 100 = 20%

3DBrushes

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I've came across certain bounty threads which pays bounties as stakes. How do these bounties work? Is it something like % of profit?
Can anybody explain this?

Topic: What are stakes in altcoin bounties? (Read 489 times)