Bitcoin Forum

What if bounty payments are not paid with the token or coins they are promoting, but are paid by ETH for example. Will it prevent or reduce the price of the token ico to dump?

Why do you think they are able to lower the price? Thousands of people are in these 2% of sold tokens, usually only shit coins are affected by this, they have practically no volume. So actually this is a good indicator.

The main reason for these airdrops is to attract people and to advertise about their project and give away these drops is the best advertisement and they need to built a community so that we can discuss about the project  and without these airdrops it is very difficult to find people to talk about it and if it is a good project these percentage of airdrops wont affect the price at all as there will be more investors as long as they have a legit project.

this is just my opinion. i think they do not give eth to the bounty hunter because of the limited funding supply. the project developers implement ico to collect the funds. they provide tokens with the name of their project so that their project can grow and can be known to many people.

It seems good, XUC was changing the payment method for the bounty participants by replace the token payment with ethereum payment and This is the result of that
https://coinmarketcap.com/currencies/exchange-union/
The price of XUC still above the ico price and that doesn't give a lot of reaction to the market.
This should become another alternative to the developer too, just my 2 cents.

I do not think that will happen. This means that the price of ethereum remains down even though the reward bounty is a token. I think the cause of the price of altcoin or Ethereum goes down not because of it, but this is the impact of bitcoin. Bitcoin prices start to fall, then everyone panics and fear the price of bitcoin plummeted. Then they switch to ethereum at a more stable price. They begin to see the ethereum chart starting to follow bitcoin as well. So they sell and do dump. This is what causes the price of ethereum to drop dramatically. thank you

will not, because I think it will remain stable because it is not bothered by the bounty of the bounty hunters. such as a good union exchange project when the project pays participants with eth

ICO is Initial Coin Offering and is a way of raising funds but also a way of distributing the "Coins" (better term is tokens). so what you are asking is impossible.
it would be like you going to buy potato but the store gives you apples instead! in other words you are buying or (as a bounty hunter) earning these tokens not earning something else.

I don't think ethereum as payment of an ICO Bounty will never reduce the price of the token. There are other IVO bounty campaign that paid the participants with ethereum and that is a good thing and will notm affect the price of a ICO token.

the price of an ICO token is not getting dumped because they paid their users in their token so it won't change anything if they paid them in anything else. even if they paid then in USD the price of their token would have still gotten dumped hard because they are useless, and people dump something that is useless and will hold on to what is useful or if they think it has a good future ahead. nobody sees that for any ICO token so they (the majority anyways) dump it.

I think I would basically prefer to be paid in ethereum to many other altcoins. Most altcoins hardly have good exchange to trade at first. Meanwhile ethereum is very legit, valid cryptocurrency that you can always use.

paying bounty hunters by their own tokens makes the projects more release part of their token so it can easily spread to market,and why will they pay to ethereum since payments by token is part of project disposals or distribution of their own tokens ..but theres no wrong about that if the ico project are legitimate well i see no reason if they will pay in eth instead of token.

Ofcourse for you as hunter youll prefer to be paid in ethereum,easy to convert into fiat or bitcoin without using gas and can do conveniently

it would be a beautiful idea. In the past I read some ico with bounty pgatai in eth but I do not remember the name.
however against the post-price price fluctuations. now it's coming https://dehedge.com/

Well giving their token as mode of payment is one way of promoting their project but yeah most of the bounty hunters are selling what they get from the bounty and that makes the price to dump. If the project is good enough, for sure it can bounce higher.

The allocation of tokens for bounty campaign are normally just small part of the total supply and I do not think it will affect the value of the token. If ever all bounty hunters dump the coin and it is affected, it just shows that the token is weak. Anyway, utility token is supposed to be a long term investment since most ICO needs to develop the product first before it shows any significant growth.

In my experience, bounties that promise to pay out win BTC/ETH rather than their own token either don't pay at all or end much earlier than they were supposed to :-\

So I guess I'd rather take my chances with getting a token and having the price drop rather than not getting paid at all.

The ico dump is not always because of bounty hunter but there is also because of early investor who get so much diacount and bonuses. It is also sometimes because private sales. I am a bounty hunter but i never dump my token at first day and i always support good project like gvt, cindicator etc.. so if bounty hunter getting paid by eth i think only bounty hunter will dissagree with payment.

yes, we know that, they want to raise funds to build their projects. There are some ICOs that reach their hardcap and I think why they do not sell all their coins and pay the bounty hunters with ETH. I only see from what is done 'Data wallet', they give the bounty hunters a choice to pay them with ETH or with DXT token. And I think that's good.

I agree with you, XUC is one example, hopefully some developers and bounty managers can find a good solution for the Bounty hunters ..

I saw some bounties reserving right to pay in ETH as well as those bounties who offer buy back. It means that certain amount of bounty tokens will be bought by company once bounty is finished in order to reduce price fluctuation.

I would like the campaign to be rewarded with bitcoin or ETH because ETH and bitcoin thing have very big legit exchanges. fast

I don't think it makes much of a difference , if all the user wants is to take some profit then he will dump tell ether or coin.I personally do bounty of the projects which I believe in .

Is not a good idea to pay bounty hunters with ethereum or bitcoin, there is no much different and it will also cause chaos to the particular ICO they do such

I think it should be made a choice as to what they prefer. Some would prefer to get the coin they are promoting while others prefer ethereum or bitcoin so they can immediately exchange it to cash or re-invest it. Also. it will avoid the millions of questions of when will it list on the exchanges