What happens to unshared bounty tokens? - page 5.

JeffBrad12

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Leading Crypto Sports Betting & Casino Platform

Quote from: OluwaTosin10 on January 18, 2019, 03:24:14 PM

There are different answers to this question
But since the bounty managers usually sends the spreadsheet to the project team for distribution(most cases)
We can assume that unshared bounty tokens are burned

The team will burn the token from the crowdsale only, i meant if there will be token remaining and it will be used for marketing purpose in the future, So many teams were not burning their bounty token if not all of the amounts are being distributed to the campaign.

Distinctin

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Quote from: Oceat on January 18, 2019, 06:28:41 PM

Quote from: jvper on January 18, 2019, 05:06:30 PM

Most crypto projects fail to bring light to the financial data so this kind of speculation arises.

And, what can you contribute to this kind of problem? Or what can you suggest to stop this phenomenon?

This is all about how greedy the dev team or lacking some knowledge to continue their project that's why it happens most of the time.

Financial support is probably the main reason for not continuing the project even they are legit( to see). As the market declines a lot of ICO's were failing cause they can't eventually raise enough money to support for their project and even can't pay for their promoters.
Not to say that they greedy but they are concern of the possibilities of what will happen in the future if there is no huge capital to run with. But it is disappointing that they don't speak to the community of their status and its transparency.

canaveralnonie

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Quote from: OluwaTosin10 on January 18, 2019, 03:24:14 PM

There are different answers to this question
But since the bounty managers usually sends the spreadsheet to the project team for distribution(most cases)
We can assume that unshared bounty tokens are burned

I don't think it will be burn, cause it's not usually counted on the rules. As long as the bounty manager provide txhash or transaction id allocation history ( stands as evidence ), he can manipulate the unallocated crypto tokens. And its up to him if he keep it or return it to the project it self. ( Sound like extra income and it possible to be greed of course. )

Oceat

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Quote from: jvper on January 18, 2019, 05:06:30 PM

Most crypto projects fail to bring light to the financial data so this kind of speculation arises.

And, what can you contribute to this kind of problem? Or what can you suggest to stop this phenomenon?

This is all about how greedy the dev team or lacking some knowledge to continue their project that's why it happens most of the time.

Bounty shouldn't cheat in the first place as what the rules mentioned but some of them are too greedy too and that's their fault.

They just throw away their hard work to nothing because of their greediness.

ifightformerkel

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I agree with you, as there are a lot of bounty managers and everyone can do as he wants. I think a General rule needs to be introduced.

MonaLeeTracy

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Quote from: Galantin on January 18, 2019, 09:46:25 AM

It seems to me that everything that is not distributed goes to the profit of managers. I don't think they return coins. Well, this is of course just my opinion.

I think so too. Indeed, with the coin not being shared, the manager will certainly get the advantage, so the benefits we should get will not be available to us.

jvper

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Most crypto projects fail to bring light to the financial data so this kind of speculation arises.

Adunni6758

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There is no evidence as to whether these tokens are burned by the team of the project or not.
Had it been the evidence of burning is given, then there would have been transparency, but most times, if you ask them, they tend not to give you a clear answer to it.
I am even assuming that, one might be told that if is already written, that the have the right to change rules.

Ultimist

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I also think that it would be better to distribute these tokens between the other bounty hunters, who worked well throughout the company. In any case, I think that they are distributed on a good cause. Either in reserve, or the developers will dispose of them as something else for the benefit of the project.

OluwaTosin10

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There are different answers to this question
But since the bounty managers usually sends the spreadsheet to the project team for distribution(most cases)
We can assume that unshared bounty tokens are burned

letyouearn

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What happens to unshared bounty tokens? That depends on the rules. Every bounty manager has his own rules and deals with ICO teams.
Usually token pool is distributed completely according to the number of stakes. There could be another rule - if we don't have stakes system, tokens can be paid directly, for completed tasks. In this case either this bounty lasts until the pool ends or undistributed tokens are taken by the manager or by the ICO team.

Galantin

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It seems to me that everything that is not distributed goes to the profit of managers. I don't think they return coins. Well, this is of course just my opinion.

kaito.

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unshared token reward for bounty naturally still in dev hand, i also wondering about this since at bounty thread they wrote that token to be shared to all participant and token allocation should be set already in their site, whether it for marketing, project development, token sale and bounty

Quote from: Bonwin on January 17, 2019, 04:40:43 AM

In my opinion, in order to reward the faithful and sincere hunters, I want to suggest that all the screening should first be completed, before stakes are calculated and prior to allocation of tokens to bounty participants.
So stakes should not be calculated for cheaters.

i agree with you, to prevent people from cheating in bounty program all rule should be set already and screening should take before people start doing their task and not after bounty period end. and stakes for those who cheat in bounty program should be voided so token allocation go to hunter who really sincere in promoting the project.

Mysteryla

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Back then, when bounty was still very much lucrative, tokens were shared completely among all the qualified participants, unlike these days.
We only have few trustable bounty managers, who would want to be transparent in their dealings.
I have also seen cases where the team wished they do not even pay the bounty participants, such as Envion.
If such do not have any choice, but to pay, they may want some to be left for them to hold back.

arkawa040

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Quote from: Bonwin on January 17, 2019, 04:40:43 AM

Have you ever asked yourself this question?
What happens to unallocated bounty tokens?
There have been several bounty campaigns where some participants do not qualify after being screened, such as those who fail to pass the kyc due to multiple accounts or other reasons, detected bots or cheaters who use other people's details.
Most times, stakes would have been calculated and tokens allocated on the spreadsheet to be submitted for distribution, before the screening process is completed. Which then means that some tokens will be left undistributed.
Where do these tokens then go to?

In my opinion, in order to reward the faithful and sincere hunters, I want to suggest that all the screening should first be completed, before stakes are calculated and prior to allocation of tokens to bounty participants.
So stakes should not be calculated for cheaters.

This is just my opinion, it is opened to discussion.
What do you think?

so in General, the idea should be, that is, there is a pool and there is a reward, all who do not pass the KYC do not get anything, but his tokens should get others. And the company first consider the table, and then spend KYC and not paying us they leave the coins themselves, it is very unfair, but the question is how to deal with it???

Rapidgator

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Quote from: Abal Abal on January 17, 2019, 05:10:32 AM

I think each team from each project has a different reason, but the reason that often arises when tokens are not shared is due to bad market conditions, and they wait for the right time to share them and enter a stock exchange.

Yeah, but he was asking about what happens after bounty campaign with undistributed bounty tokens. Most probably this exact amount will be burned but sometimes it is going into dev team funds for marketing and promotion future expenses.

vixcious

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Quote from: Bonwin on January 17, 2019, 04:40:43 AM

Have you ever asked yourself this question?
What happens to unallocated bounty tokens?
There have been several bounty campaigns where some participants do not qualify after being screened, such as those who fail to pass the kyc due to multiple accounts or other reasons, detected bots or cheaters who use other people's details.
Most times, stakes would have been calculated and tokens allocated on the spreadsheet to be submitted for distribution, before the screening process is completed. Which then means that some tokens will be left undistributed.
Where do these tokens then go to?

In my opinion, in order to reward the faithful and sincere hunters, I want to suggest that all the screening should first be completed, before stakes are calculated and prior to allocation of tokens to bounty participants.
So stakes should not be calculated for cheaters.

This is just my opinion, it is opened to discussion.
What do you think?

I think it's not important to cheat or not. because cheaters also work hard to get their stakes. they also help the project become more famous as others. The important thing here is that the project now seems to be disdainful of bounty hunters and investors. They do not have any respect for the bounty hunters after the project ends. They may not pay us and may delete our account from the chat channel. That is crazy. Angry

eagleman

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Quote from: Meryn on January 18, 2019, 01:27:42 AM

I have already asked the bounty manager or the official telegram, they did not answer it. even though they distribute it, but this is not fair. for those of us who pass KYC, we should get more tokens than those that do not pass KYC. it should be like that. but they ignore us.

I think it's a very confidential question to ask and in a professional career, you really don't have to ask that to your colleagues.

But it's good for them if they don't hide a thing from the people, they can freely answer that and tell the people where it really goes. If it goes back to the devs or they are keeping it or they are adding it to the distribution of stakes.

daly896

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BITWIN

It depends on rules. I faced 2 different approaches. In a first case bounty pool is being splitted between all participants and in 2nd case unclaimed tokens remain with founders.
Also unshared bounty tokens can be used for futher bounties

Bittalk12

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I already participated on multiple bounties and this thing never hits on my mind. You really have a point, they should pass the KYC first before calculating the stakes because there could be a chance that the allocated bounty were being cheated by the bounty manager or the team itself. This should also be clarifies on the OP bounty if they are asking for KYC after the campaign.

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