Bitcoin Forum

Always after the bounty campaign ends, the developers of the projects talking to hunters about storing the tokens and not going to sell it so that the price does not fall down

When I started to think with myself a little  ... I asked what would guarantee the survival of the tokens with who would participate in the bounty campaign???
I found that if they add a condition specified in the terms of the bounty campaign that the participant must have at least 20 different types of tokens got it Of the previous campaigns in the past period of not less than 6 months transactions and they must check that on address ( MEW ) so you will find that it will participate Holders only

This condition will stop too ... anyone who tries to register with
different accounts ( altact ) and end up with ways of confirming by KYC

So... am i wrong ???

If you do such requirement people will start to prepare special accounts for this and in 6 months you'll be back to square 1 again. Not great.
Also you forget something. How much is reserved for bounties? 5% of all the tokens? About half of the bounty hunters will sell right away. Is that a problem? I don't think so. A successful token will recover the price loss in maybe a month.

I think that you should better concentrate on advertising tokens that have a chance to have a future. Good ideas that may make money. If so, you'll earn something. But if you just join bounties because others did so, you'll waste your time for nothing, whether they add your proposed requirement or not.

No one is wrong in your case. You, as bounty hunter want to sell your token asap when you think the price is high enough to earn some money, but if you are in dev's position, who run their ICO, they obviously don't want their token price falling because of many people selling it (inc. Bounty hunters), so they make "some" condition/requirement to make bounty hunters hold their token after they received it.

5% is definitely good for bounty hunters, but i agree with you it does not cause the dump in price of any token whatsoever
Moreover, we have had over half of bounty hunters hodling their tokens and it still ends up dumping

projects devs need to pay bounty hunters better fee and charges and that way maybe dumping of bounty tokens will reduce

No you are not wrong but you are not totally right
Kyc can’t be implemented because in 2 months the same problem will persist
And you need to always remember bounty hunters does not ruin a coin

KYC is their prerogative. They just want to protect their project and its corresponding coin. If you have joined the bounty campaign of an ICO, it only means that you believe with thw project.

The team should lock hunters tokens for a short period of time or start paying bounty hunters with more stable crypto currencies like Bitcoin or Ethereum. At the end it would solve all the problems that the projects are facing with bounty participants.

I agree that most likely hunters will bypass these rules, and in the end nothing will change. I also think that just many hunters should not merge all their tokens at once, as it is not in their favor.

That seems like a terrible requirement to add. Many people don't hold 20+ coins and why should they? Even if they do the majority wouldn't have them all in one wallet for security reasons.s

I don't think so, because nowadays there are many bounties that end with Kyc, although not all of them. Kyc is just an attempt to 1 account 1 token. so for example multiple accounts have 1 token developed, it won't work.

I never thought there would be such a regulation, but if the regulations required KYC for each participant, I honestly strongly agreed, because it caused fraud for each participant.

Not only you, I always make wrong moment when have to sell or hold my altcoin asset from bounty campaign, when I hold make price dump but when I have to sell price is grow up.

in other words you are saying that the only way to help a useless token to survive a "little longer" is to force people to not sell their tokens at gunpoint or by programmatically making the tokens unspendable for a period of time.
well that is not going to work. and what would you do when the time is up or when the token bag holder satisfies all the conditions required for the tokens to become spendable?

you see you should never force people to bag hold shitcoins. the coin/token should not be shitty in first place so people WANT to hold it on their own not be forced to do so.

You are not wrong, but people have a different thought regarding the rewards, and I think the bounty hunters will sell all of the tokens to exchange into ethereum and then sell the ethereum to back into bitcoin or their local fiat. But I don't think that all bounty hunters will do this because I am sure that some of them will keep their token if they believe the project was a great and the project can grow in the future.

Maybe the KYC is one of the solutions that the project can do to anticipate the altacc, and if it's important, it can be done, and the bounty hunters need to obey the rule if they want to join.

Yes , you are wrong.

Without demand, the price of any token is going to zero.

If the token is useless, no working product, like most of the coins out there, nothing can give value to the coin.

Bounty campaign even increases the availability of the coins, reducing even further the price...

So, choose your bounties carefully. Look for tokens with good ideas , nice managers , ... They are rare, but they exist

KYC will not be able to help to make bounty campaigns free of scammers. they can always find all the documents in order to pass this procedure.

That is totally wrong, first multi-accounter will find a way to counter this and it is an easy thing to do, second and most importantly is no one has the right to force bounty-hunter to not sell or to hold, that is just not acceptable. And again bounty-hunters gets only 1% I highly doubt it can affect any token.

If you want to stop the multi-account thing then force KYC, I am all for that, in fact, I believe that forcing KYC in bounty-hunting is a must thing to avoid cheaters and make bounty campaigns more effective, it is a win-win situation for the project itself and honest bounty-hunters.