Topic: Why stake in bounty instead of token? (Read 89 times)
Identity is confused, I would like to know how much I gained in reality, not to watch the share in this company. It would be so much easier.
I m little confused can anyone tell me why bounty manager show stake in bounty as rewards instead of tokens?
If they start distributing the tokens directly then they may end up giving too much tokens. I mean there is formula to calculate the tokens distribution depending upon the stakes and raised funds during the pre-sale and ICO main sale. This balances the amount of token within the allocated funds.
For example if they have allocated 25% of total coin supply and pay in terms of tokens. But at the end they found that there were large number of participants with large number of tokens earnings and counting beyond 30% then that would be loss for the bounty or ICO. This will take up 5% extra funds out of the allocated funds. For this not to happen they pay in the stakes.
At the end everything is considered in the maths and 1 stakes = X tokens is calculated which always ends up equal to allocated funds.
Yes, the main reason to use stakes instead of real coin is "protection". I now explain what's wrong. In most bounty, the prize pool is formed as a percentage of the coins sold (usually from 0.5% to 5%). Nobody can predict how many coins will be sold, so bounty managers use stakes. It's much safer and more reliable for everyone. I personally prefer when stacks are used, and payments in fixed coins always puts on one's guard me.
I think getting the stake is more profitable than getting a token if getting the stake from total sales we can get more coins than if bounty provides a fixed token, the result if hard cap sales then the stake that we get more profitable. But if we get a token, it turns out the total sales of ico reach hardcap, it seems the coin earned is very small for us, and in my opinion it is very harmful.
These are extra numbers. Moreover, what's stopping you translate the bet in your own income. The same budget is divided between all participants, and their number changes every day, and then the Manager would have to edit the TOKENS every day.
Some bounties are paid immediately in tokens or bitcoin. But basically, they really charge stakes every week. When the bounty ends all stakes are summed. Then the total number of tokens that was allocated to this company will be divided by the total number of stakes.
Thus, it will be counted what is equal to one stake. Then for each participant, the number of stakes will be multiplied by tokens and you will get the total amount.
Thus, it will be counted what is equal to one stake. Then for each participant, the number of stakes will be multiplied by tokens and you will get the total amount.
I m little confused can anyone tell me why bounty manager show stake in bounty as rewards instead of tokens?
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