Bitcoin Forum

Lately I've been wondering why Bounty Payments are delayed by almost 6 months and i think this is the new norms of today's "Bounty Payment" time frame Unlike previous year's that after the ICO has finish it takes almost a Maximum of 2-3 weeks and then Bounty Hunters was paid already but today its getting more complicated! Drop your opinion pleased?

Maybe that's because the team is afraid of dumping by "Weak Hands" Bounty Hunters but is it rightfully acceptable?? just remember that not all Bounty Participants are dumpers and the number of tokens paid to the bounty people is just a small fraction of the circulating supply and how could that be affecting as a whole. lets say it will affect in short term but it wont last long because the Bounty people is just limited token supply while the Investors and the team has lots of them.????

Compared with last year, the number of participants in the bounty campaigns has significantly increased.
In addition, the overall cryptomarket growth has stopped. And those projects that looked promising at the time of their inception in November-December 2017, at the moment are experiencing serious difficulties due to the fall in the rate.

Therefore, developers and project marketers try to stretch their payments to somehow make a profit. We can only accept this fact.

That depends on the ico team itself. you have no right to do anything. as far as i know you have agreed with all of disclaimer before try to join in the bounty campaign and then the team has the right to do anything but they must follow their rules. It will better to create an alternative payment system through use major crypto like bitcoin and ethereum.

They might too want to release their coin on an increasing market.
Releasing bounty coin now would lead to trade of below the ICO price and overall price of the coin would diminish.
With dex everywhere, bounty tokens are traded even before an official listing. So, they might be holding to officially list and trade before releasing.

True, it is very irritating, first we get bounties very quickly within 1-2 months if we get any, but now these days, waiting for 6 months, irritated of long campaigning duration for ICOs.

Often faced with the fact that payments were delayed due to the overload of the etherium network. Therefore, instead of 2-3 weeks, payments were made in a month or a month and a half. Recently, since the market is at the bottom, many campaigns do not reach the soft cap and close. And of course no one is immune from the scam. So a lot of work goes to waste ..

The thing is that these days it is getting harder to even reach softcap for any ICO as most of the investors are being very careful now because of many recent big scams and also due to current uncertain market conditions. That's why they have to extend the token sale upto 2-4  months and bounty payments follow after that.

While it is true that some of the bounties are being paid 6 months or longer, it is not applicable to all. There are some bounty platforms like Bountyhive that pay their hunters almost right after the campaign has ended. For some ICOs, i think they intentionally delayed the distribution of bounty to prevent dumping of the tokens.

Yep. There are more projects which have extended their ICO's or delayed the bounty distribution almost 6 months as you said. The reason behind is that the market condition is still not stabilized and when the coins released in exchanges then their price will be less than their ICO price is the main reason I believe. Apart from that there is no specific reason I think.

This can be the real reason why ICO projects deliberately delay paying bounty hunters of their share of tokens or coins...they are afraid that once the tokens are paid then bounty hunters will immediately sell them in exchanges thereby influencing the value of the asset downward -- and in fact this is the scenario with many ICO projects. However, in my view, even if all bounty hunters will be dumping their share if the project has a good demand and is really good then ultimately the market will be recognizing its worth. In my view, though the concern can be legitimate, we should also recognize the fact that hunters have the right to do whatever they want with their owned assets. Otherwise, if this can be the case, the best thing to do is to announced it right from the start that the release will be done months way from the end of the ICO so there will be no surprises and no complaints. I am suggesting a schedule slow way of release then...

I think that the main reason for this is the current market conditions. There have been big scams in the coming days and there has been uncertainty in the market for quite a long time, due to which most investors are scared and they are very careful. For this reason, tokens sale is taking a lot of time now and they are unable to distribute the rewards on time.

First and foremost I will like to point out the fact that bounty team or manager set rules for bounties in which participants must accept hence you're binding by the rules and they retain the power to change the rules at any time so the choice is for bounty hunters to join or not, most bounty has stated clearly they'll be paying bounty a month or more after ICO

Let's consider some of the reasons why bounty payments are delayed,  firstly bounty payments is delayed because of the belief that they dump their tokens immediately even before official listing of the project hence selling below ICO price which is not good for the improvement of the project.
Secondly some ICOs are afraid of the current market situation which is bearish and they are not willing to risk listing and when they are not ready to list they will not release tokens or possibly lock it , a good example is savedroid which keep giving the market situation as excuse before they finally got listed this month August 10th.
And lastly I suspect some bounty team have the intention of scamming bounty participants so it takes forever for bounty hunters to get their rewards.

Well, different managers and projects result to different dates of reward payments. Also, the projects are scared of bounty hunters dumping their coins and losing the project's initial price value.

What a difference in a month or 6 months will come reparations. It's just that the bounty hunters are pouring out and the rate is dropping heavily and this is not paid quickly. In general, it would be correct to distribute the first 100 participants in 3 weeks, after 5 weeks 100-200 and so on. And the bounty hunters would not ruin the course.

The risks are all alone, either a gain or a loss, we always need to take this into account. If you study Altcoin, you can raise money on it, but also lose it. ;D My opinion: It will increase, only time is needed. Time is always above all, especially in any business, not immediately will be a huge profit, you need to wait, then wait.  :(

Yeah i think intentionally delaying the reward for the work that bounty promoters have performed in not understandable, i highly regard it as unethical and criminal negligence as it is global law to send the earned reward for work as soon as possible after receiving the work or completion of task, so delaying that for months is highly condemnable.

You are right, at the moment, projects are significantly delaying the distribution of tokens to bounty campaign participants. I believe that this is due to the poor market situation and they are afraid that their tokens will be significantly lower than the price of ICO if they distribute the tokens and they will go to the stock exchange.

I believe that this is due to the fall of the market and projects are reinsured without paying immediately remuneration.

Most projects is already aware on such possible dump of bounty tokens once it was being distributed to the participants.This is why they do adjust it but without even knowing that investors are the main dumpers but as a bounty hunter you cant do anything but to wait up on when they would give out those tokens and I agree that its entirely different wayback before in previous years when it comes to distribution.

I think the current situation of the market can be identified as a possible reason and the fear of bounty and Airdroppers dumping the project to nothing

The number of bounty hunters in 2018 has more than tripled as compared to the number in 2017. Now it takes time to to compile, filter and calculate the stakes for work done for the duration of the bounty program. This is the reason some serious ICOs employ the services of competent bounty management company to make the work easier for them.

Yes, I have seen this new form of distributing bounty tokens as well. As far as I am concerned, I am ok with it as long as the price doesn't dump heavily before hunters get their tokens. That can happen if projects turns out to be scam and team quickly dumps their tokens or if presale investors get their tokens unlocked before hunters and dump them.

Maybe they are regulating the price of their ICO because they know if they unlock it or give it too soon the price will dump, usually, the bounty will end when their sale ends or their ICO is expired and after that, you will wait for some like one or two months for you to have the reward tokens well its pretty good though that they are doing that because otherwise their token will be shit and will be -100% down their ICO price.

I would just have to be used to it (longer waiting time for bounty payment) because of the market uncertainty and the quite low and slow growth of cryptomarket capitalization  compared to last year, definitely the new norms of bounty payment  would be a regular scenario in bounty campaigns. Especially if the ICO does not reached its hardcap.

Most projects still apply the common ways in distribution, they pay around 30 days after bounty ended. I never experienced a bounty that delayed for 6 months, it is too long for me. I may have forgotten if the payment distributed after 6 months.  :D

Please note that now bounty campaigns often end earlier than the ICO, because in such a bear market projects have to extend the ICO terms many times in order to raise the money necessary for the project. Therefore, the bounty hunters are forced to wait till ICO ends to get their reward, I think this is the main reason for delays in payments.

I think this is due to the market situation. ICO projects can extend the bounty of the campaign and the token sale. I think now the crisis ICO projects, maybe everything will change with the new bullrun.

Obviously, the market conditions are the major factor in this.
As ICOs end and struggle to scrap things together, it takes more time if they didn't make as much as they'd hoped.

that is the reasonable explanation.
But the more realistic explanation is that ICOs just straight up suck and are terrible.
So of course, the bounty program would be also.
Even with the greatest bounty manager in the world, nothing can be done if the company doesn't release funds.
Sometimes they literally hodl on to it longer, whereas sometimes, it is a problem with the smart contract.

If you ever want to come ahead with bounty hunting, you need to vet each one as carefully as your would if you put your own money in it.
It takes more time, but in the end, it is better to be paid something worth something instead of having a bag full of shitcoins or not getting paid at all.

Just live with it or go and get some real job.

Because we can't do anything when it comes to make rules in the bounty campaigns it depends on the team and campaign managers if we don't agree them then we should avoid participating on it.

I think these bounties are just doing the same thing on what they see from other bounties that conducted their campaigns before.

And that's how they are seeing things as normal which is too long and basically not appropriate anymore. Just go with those bounties that doesn't have terms like that, be sure that you read their rules and when's the exact distribution. Let the manager clear all things as he's the one that's accountable for that promise but if the devs are the cause of those delays, he can't do anything with it.

Why bounty hunters are the one who are always to blame? When the fact that it's just 1%-2% of the total supply of the token and it won't entirely affect the price. While the truth is some investors are the dumpers since they lose trust on the project nor they just want to cut lose.

The bounty era is already gone and what we have now are just the shit of the previous one.

Currently it is probably due to the bad crypto market that many projects delay the release of their tokens. Luckily there are bounties that still pay fast, but it's really hard to find them and there aren't many. The rule seems to be that you have to wait several months before you get paid. You have to be prepared for that in any case, otherwise you will be disappointed.  ;)

Because of dropping of price in the market and every project wants to maintaine a good value if their coins when its listed that's why they paid some bounty hunter after 2 to 3 months. We know that some of bounty hunter is selling immediately their token to have a money. But if we know the importants of every project we know how to hodl our tokens and wait a great price.

I think projects can't even collect even a softcap investment, people have to leave their work without compensation. In addition, the KYC charter and legal problems arise

The main reason is the market situation in my view , if the market is bullish and people are buying cryptos then they give bounty tokens sooner because they know market stomach is big enough to digestion that , but if the market is weak like it is now , they don't release them because they know weak hands would dump their coins.

you're right, many developers delay delays because they don't want the projects they build to be destroyed and worthless, delaying is one of the things that is quite right for the current market conditions.

Yes, I understand you, but you also understand the project is not profitable to distribute remuneration for the bounty company right away, otherwise the token rate will go down and is unlikely to come out of it, therefore, the distribution of tokens is postponed for a certain period so that the token becomes up