Bitcoin Forum

I think most of the people and also the ICO believe that bounty is main reason for the dump of the coin. It is true in either way but most of the participants are scammers. They make multiple accounts acquire most of the reward and when the coin is listed on exchange they dump it. Most of the content have only views (PAID) and no public interaction but then also then they are getting huge rewards and aquire the reward of true bounty hunter.
FOR ME THE ICO SHOULD HAVE THESE CONDITION :
1) KYC
2) content should be checked nicely.
3) Facebook and Twitter accounts should be checked if they have real people or not.

These things will reward only the one who should get rewarded. I think fraud will be very less by applying these things.



THOUGHT - Only scammer and fraud people dump their coins but True bounty hunters support the project by HODLING as they know how much it takes to give a good content.

You have a point But Sometime Its not only  Bounty  Hunter  who dump the token  investor are part of it . Most Project give out 50% bonus in Pre-sale lets  say you have bought $1000 wealth  of token  and your giving 50% bonus .. as soon the token get on exchange if you are panic investor you will dump it and go  .. Some time Bounty Hunter cheat but KYC can never solve the issue .. sometime the project manager should distribute the bounty  hunter token  on 2 or 3 quarter bases ..i think it can help . 

1.
KYC is a no here. There are a lot of people who will avoid giving their personal details to a company.
2 and 3
Content checking is the Bounty Managers task. Problem is there are bounty managers who don't care much about their responsibilities.

About your thought - Are you saying the true believers will not sell their coin in any circumstance? :-)

1) KYC should be avoided as much as possible. In addition KYC is no guarantee that the coin won't be dumped. 3) Even if facebook and twitter are checked for real people/followers, the bounty hunters will still dump their coins after they have been rewarded. Bounties are not the main reason why a coin is being dumped. The main reason is most of the coins have no real value and have no real use case other than to trick the investors into buying so that the devs and team members can make some money. If on the other hand the coin has some real value, you would think twice before dumping it lightly. Case in point: bitcoin. Look how many people are holding it regardless of the price.

I like bounties with an established MVP, hardworking and grafting team, and already paying out its token. And thats how Ternion bounty is. https://ternion.io/?utm_source=bitcointalk&utm_newbie=bounty

For me it should be something along those lines:

 1. No KYC - I won't sell myself for few cents if the bounty is in tokens.
 2. No tokens - previous experiences with erc20 discourages me greatly to sell my credentials for dust.
 3. No "all social-platforms in the world" - usually 2 should suffice.
 4. No word form the devs on bitcointalk ANN? - No participation! Me at least.
 5. No waiting - Either send the bounty weekly or go away. Especially frustrating when devs made people wait 3-4 months.
 6. No ICO's - public, private, hidden, milestone based, doesn't matter it's most likely a scam anyway.
 7. Not recognised on bitcointalk? - forget me participating.

Seven golden rules of mine. Call them stupid, unrealistic, deluded but I have had enough of all the money-grabbing nonsense.

Lol OP you think a stranger asking for your KYC is legit? Have you not head of the KYC market? Your personal info is worth money. Maybe you have a fallout with the ICO team and the want to get nasty and now know who you are what you look like and where you live?? You think about that?


KYC doesn't mean legit anyone can ask for it. Only a KYC offial regulator should ever see your info. It should be seen by only one person and it will never need to be seen again. Infact if an ICO is legit all they need to do is confirm your KYC with the Official KYC regulator. The ICO team should never see your actual documents. Any ICO asking for KYC should be very suspicious about.

I totally agree with every point you make. I really hate waiting months for pay or to work for months its absolute crap they can space it out and have more then 1 bounty so have 3 2 month ones instead of 1 6 month one.

I totally agree with your thought,I am also a bounty Hunter I have followed rules honestly and I am holding my rewarded coins but when the coin lunched in exchange the cause of the dump always the bounty Hunters,to make some bucks honest hunters forced with the low price to sell their coins.

My opinion is to give the reward in BTC/ETH for bounty hunters.

Very often, bounty hunters receive their rewards a few weeks after the end of the bounty campaign. And it happens that in a few months. While investors get the coins immediately and can trade them at good prices. By the time hunters have the opportunity to dump, the price of a coin may already be very low. Therefore, you are mistaken when you say that they get a lot of money.

Why do you think Bounty should have KYC? KYC refers indirectly that you are selling your identity for some bucks. Are they secured? How about security of compromising our data? I think it should not be a requirement for bounty.

It should indeed be a good idea in bounty, at least rules and also clarity. But will it work well and ensure that the project will be successful? Many participants have worked for weeks and at the end of the project they do not get tokens for various reasons and changes. Is that fair? The main thing that also needs to be considered is honesty in everything, for the appropriate results desired.

did you know that budget for bounty was mostly not more than 2% of total supply? so how did a mere 2% affect the whole price of a token?
it's a good way to minimize people spamming bounty program by using multiple account but many will say no to this because they choose to stay anonymous.
as for this it's hunter responsibility to choose a competent bounty manager. because bounty manager was the one who allocate the stake and manage hunter submision that join their bounty program.

Totally agree with you. Also can be added a limit of people who will take part in it. Because some don't do a thing but demand a lot of tokens. With a KYC also a lot of fake accounts don't take part, and Twitter and Facebook audit must be for sure!
I like like this do Huobi Russia. They have all that requerments. So more than sure that this bounty will be very good for me!

For the bounty problem, it is only a matter of BM because those who will check, KYC is also needed to avoid increasing scam, so they will receive the right compensation.

I partly disagree for the part of KYC procedure that needs to be done in some ways by just doing some bounties. Well, bounty hunters should have also their convenience and freedom in choosing a project

About the dumps you are wrong ,what about bounty projects with 2% pool allocation ? Even if all bounty hunters decides to dump the token how can just the 2% of the project tokens drag the price down? Its either the project is not a promising one or big investors joined the dumping rollercoaster

You right! In any case we must help to develop for projects if participating in their bounty! This is way of Saturn Black community! Also we invite users for participating in our bounty, link in my signature!

I agree that the bounty hunter is the cause of the dump. But the allocation of tokens given to bounty hunters is only small, even in some ICO projects only 0.5%. This proves that not only is the bounty hunter doing a dump but also an investor, even if the bounty hunter who does that won't have a big impact.

I strongly disagree with the statements that the cause of the crypto tokens dump after the ICO are bounty hunters. If the ICO project has a real concept of its development and is value to the community, no bounty hunters can ever bring down the price of its token. The developers of the ICO project are primarily to blame for the fall in the cost of tokens; this is solely their flaw.

Why not let’s discuss how a bounty is in general that way we face reality

Bounty today is a big risk; there are no rules there are no guarantees
If you get paid; good luck;

If payment is canceled; move on

That’s the basis I follow always, expect anything from bounty campaigns

You can never have a perfect bounty campaign as there'll always be greedy people who're trying to gain more rewards.. and cheating the system by the process.. and including kyc to a bounty campaign will only cause decline in participants

Bounty hunters also need to change their approach a bit and they should deeply research about each campaign before joining after satisfaction they should whole heartedly promote the project and after receiving reward they will hold it because they will know the worth of the project. Joining and promoting dozens of campaigns blindly is what is causing trouble to bounty hunters.

I'm not sure something will solve the problem, especially kyc which I am totally against going through and sending my data is not known to whom. Bounty managers must create an automatic blacklist to reset information on spammers, fraudsters, thereby creating a user base.

First of all, he must have a very good project and must have very good managers

I think bounty hunter should understand that the projects needs you and your social media accounts, when you share for them their selling chance raises. So we the hunters should work proper and we have try to give our best for them. But ofcourse the project should support their hunters too, they should keep their promises on time. Also i believe that the hunters shouldn't asked for KYC procedure. We are not investors and we don't need to send our ID's..

Well not all people like to do KYC for a ICO, and i also don't think is ok to invest money and also do KYC on same time, but the 3 condition should be respected and real people with real info do make ICOs only.

Many can buy fake documents and use them to pass the KYC procedure.

It will take a very long time, no Manager will want to spend it this way.

These will not help from scammers

Two things I object to concerning the posts.
1. I dislike kyc. It doesn't stop multiple account and scams. I still don't understand why I should give our my personal details to a project that's not sure of making it to the exchange. Some projects are so useless that you'll cry for the investors.
2. It is wrong that bounty Hunters dump token on exchange. When last did they get tokens before investors. With all this bounty tokens frozen for 3-6 months here and there??
Its better not to have bounty than to accuse bounty hunters.

1. They KYC is not for preventing the promotion abusers from my understanding. It is required by the regulators.
2. Bounty hunters are paid wit token and it is their right to sell the bounty tokens for a first available buy order.

1. Still KYC asking in 98% bounty campaign. If it’s huge risky and big threatening in every people identity who guys doing KYC. But i don’t support KYC to worried if unfortunately abusing.  
2. Every manager checking content in manually i know that.
2. Twitter follower real or fake it’s can be detect by twitteraudit.            

When you read the 3 topics you wrote again and again thought. Only 2. I can accept.

The other two issues are available to disrupt the decentralized structure for many projects. And we should not want this.

Though there are always cheaters in bounty campaign that do run it with multiple accounts and KYC could reduce it but I think dumping of token goes beyond the actions of bounty hunters because I have participated in many bounties before that delay bounty payments yet it still get dumped crazily.

I will not support the suggestion for kyc, which I feel is against the tenet of cryptocurrency and I know the dangers attached to it.
As much as I cherish the works of bounty hunters, most especially those who are faithful in what they do.
I so much disdain dumping of tokens at just any unfavourable price.

Early bird investors are  also selling their coins not only the bounty hunters.
To sell your coins or not depends on the project.
If it is not high potential it is better to sell on time  as the price will crash anyway.
The success of the project is depending on it`s quality and the demand for the product.
That will determine the price, all  the other complains about dumping  are excuses for bad management.

the thought of everyone is of course different opinions. so not everyone doesn't necessarily do what you say. because everyone has the right to choose the best for him.

You do not agree with KYC and I also do not agree with KYC because it does not guarantee success and our data is in danger. For hunters it is not easy and is often damaged by hackers, but if we can understand this rapid Crypto movement, we can certainly succeed, learning not to rush in making decisions.

I agreed with you, as you know ICO's bounty is good source of income and everyone wants to get good income so that way most of people wants to get more token for that purposes they are cheating with ICO's and real bounty hunter are affected by them.

If they have KYC then it should be informed earlier because lot of hunters don't want to do KYC so it can save their time.

Yes all the posts and the other bounty tasks need to be checked by the bounty manager.

Already many bounties will check for the bot accounts on social media bounty.

it is the job of bounty manager to find and get rid of scammers, spammers, and lastly those people who have multiple accounts, i don't understand why would you need KYC for bounty campaign, the bounty manager should declare that there will be KYC at the start of the campaign, most of bounty campaign tells it at the end of campaign, it's like scamming the bounty hunters, to solve the trust issue we need a escrow to hold the bounty tokens for us.

I disagree if you call the bounty hunter a dump ... I also know why you consider the bounty hunter to cause dum ... that's because you have never invested ico ... if you have invested a large amount of ico then you will know who cause a dump .. '
Remember, bounty allocation is only 1-2%, while you don't count bonuses for investors?

If you can say this, it then means you are one of those who dump their tokens as soon as they get paid.
I have seen several coins that dumped despite not paying bounty hunters. Some intentionally delayed paying bounty hunters, yet their tokens dumped.
Will you still say that bounty hunters are the cause.
There are several tokens I got from bounty, which I am still holding.

You are right partly. It maybe right that a single people have multiple accounts. But they are not the sole responsible for the dump of coins after hitting exchanges. What a project needs to grow is its team, technology and goals. If a project is good itself, it will grow no matter bounty hunters sell off their rewards or not. There are many coins that have increased irrespective of bounty hunters clearing their holdings.

Supporting the hodl token is included in the strategy, when the token rise I'm sure you will sell it right? You're a successful person when compared to those "crazy people" throw tokens when they are already on the exchange.

The majority of our community and team members of almost all projects still do not understand that the main reason for the dump are not bounty hunters, but the lack of marketing after the token sale and a bad starting exchange.

I certainly agree with you. There are bounty hunters who take advantage of every project. However, not every bounty hunters are doing the same thing. Some projects are actually locking the rewards to get rid of dumpers which is quite unfair for those bounty hunters who are honest and just doing their jobs right.

Many bounty hunters break the rules of using various social network accounts to participate in Facebook and Twitter campaigns. We should regularly review these accounts to verify and remove bot accounts. Create a good environment for the development of ICO project through dissemination on social networks.

You've got a point on some of your posts but I just wanna let you know that if you are going to see the bounty allocation on most ICO's the percentage of it is not so big. Additional to that investors are also part of those who dumped there is also abuser during token sale and dump it.

Yes, most project always blame the bounty hunters for dumping their token/coin that's why most of them required vesting/locked period to avoid dumping but your thoughts and mine are the same. I never dump a token/coin below ICO price when I really believe in the project that they can make it successful in the long run.

I dont agree for the first one.

KYC is not something that they can ask in crypto market. this ecosystem must be anonymous. It is ridiculous to demand kyc.

But i totally agree that content must be checked nicely and dupe accounts and bots must be controlled and banned from the campaigns.

KYC is one of the mandatory requirements when participating in bounty and this is helping things get better when removing cheaters from the bonus campaign. Help bounty participants get more rewards.

I agree if KYC is done to reduce their multiple accounts for fraudulent means. But I do not agree if only the bounty hunters do DUMP on the exchange. Most of those who do DUMP on the exchange are the initial investors who get a bonus when the pre-ICO starts.

At some point, I may agree but not only the participants of the bounties are the scammers. The ICO itself, too. And if I were to about give KYC info, there are possible unnecessary things that they will use your personal info in a  negative ways. We can still be sure that they will not use multiple accounts in any other ways.

Not all bounties will implement KYC as we now it, even the developers will be the ones to decide that and the rest is bounty managers job, the bounty I'm presently promoting has a very hardworking no nonsense bounty manager, and many who used double accounts are been fished out already and mind you this doesn't stop dumpers from dumping

That might be the best arrangement for the ICO organizers, but not for bounty hunters, maybe you have read various reasons from the other members above, especially for KYC. The bounty hunter does not want to sell his personal data to the ICO organizers, because of their privacy. The crypto world is created to maintain the privacy of each user, if there is a KYC system, there is no privacy again. Except for registration on exchanges, which has been running for a long time and many people know this exchange (big exchanges), maybe that is necessary

I personally think that the Bounties should be paid half in the token and half in ETH OR BTC on a weekly basis, that way people don't get discouraged by waiting months and months to receive a useless token that in the end isn't worth anything, or be totally scammed by the ICOS that run off with Investor's money.  Both TOKENS AND ETH/BTC should be escrowed as well that way there is more trust being built by both parties. Also, there should be minimum level at least KYC, like for example, you must put in the PROOF OF AUTHENTICATION post. Like recently there was a gang of Vietnamese Thieves, stealing all my Husband's videos and my blog reviews, pretending to be us, they even made telegram i.d using our photos, etc. So there has to be trust built from both sides of the fence.

Sometimes bounty manager is also used with tricky ways and they don't understand what is going on. ICOs can successfully reach the soft cap and get listed by the exchanges. The later team decides to stop the development of the project and they gave back the invested amounts.

Your better off if the service pays in a trustworthy crypto like bitcoin and ethereum.  Accepting new coins/tokens as payment is extremely risk and you will be unlikely to cash it out due to low liquidity.  Remember that it takes very little effort to create a new token.

creating token now very easy to do now since many platform that allowed it.even there are many people open services for this.and if we don't know the developers background we could  trapped in wrong projects that will not give us worthed reward.

I do not think KYC is needed for a bounty, but if the needs arises then it can be done.  But I think it should be the last resort. 

First we must know why we are making a bounty campaign, this is to advertise the project.  Unless multiple account is not permitted on the bounty, I do not see any wrong if someone exploit this hole on the campaign.  Beside those alt account will be doing the advertising too.  Morally I believe it is wrong but  technically it isn't.  Aside from that, the reward of the bounty hunters must be filtered by the manager in-charge.  And the manager must be strict in implementing rules.  If the participant does not meet the requirements, he can always reject the application and all the entries.

Well, in the project in which I participate, I saw that social networks are checking for reality. Maybe it's time for all other projects to enter this procedure. I can also say that the content should check more. So many scammers just steal articles.

I don't think bounty hunters are the only dumpers. Most of the bounty hunters hold their coin for the future to get a passive amount. However, the traditional way of bounty isn't profitable for the project because they engagement is too low.

Number 1 is a no for me. I will not give my personal information to some stupid scammers out there whom I don't know. They can do anything in my information like selling it online etc.

Contents and social media campaign checking are done by the bounty manager so this is the fault of the bounty manager. Sad to say, there are some lazy bounty managers out there who aren't checking if the accounts are real or not as long as they are being paid.

I don't think KYC is necessary unless it's a legal requirement of whatever jurisdiction  the bounty is being run in.

Like you have never encountered this result. Also sometimes there are bounty hunters who who create the order repeatedly below the last sale order. If a solution is found for them, everyone will get what they deserve.

We are almost at the end stage of bounty campaigns and I doubt there might be any bounty participants if all the bounty projects either turns out to be a scam or don't pay thier dues to bounty hunter and there needs to be a much organized way that the bounty programs should operate. While most of the bounty users just dump their coin once they receive it but there are some of them who holds it.

here are my opinions :

• KYC proccess is to prevent money laundering, therefore it's not really necessary for bounty hunters, unless they will buying tokens at tokensale.
• I agree that content campaign should be checked carefully or give a hard rules, but the amount of tokens they received is related to the portion of total stake of the campaigns. If someone has a minimum stake but no one is accepted on the campaigns then he/she deserves to get 100% of campaign allocation.
• There's a website which can automatically check real followers, it's not about real or fake but the most important is that their follower is related to crypto or not

I don't agree that only scammers are dumping their coins. Anyone have right to buy or sell any of their asset, it's their rights. They have been paid for doing their jobs, and not scamming anyone.

Now bounty is going down. But coming future bounty will be increase am steel believe. Some bounty need to kyc. So before join the bounty check the rules and regulations. Then easy to choose and invest. If price is down wait and check the price then exchange and sell it.

Check the below mentioned link. It help to get some information and ideas.
https://ih.advfn.com/cryptocurrency/icolist

honestly I really hate KYC and also the data that I have is not cheap and it's impossible I want to exchange my data with a few $.
I don't think it is possible for a bounty manager to check on each social media account of a bounty participant. it's a stupid thing that wastes a lot of time.

You are correct. But a lot of ICOs and bounties being total scam, it would be too risky to provide you KYC to anyone and everyone.
If requested for, KYC should be verified by a trusted third party agent rather than being asked by campaign managers and ICO teams.

Until now, there are many KYC issues that have problems regarding KYC which is required for bounty hunters. even though I think so far there is no problem with the bounty hunter in completing KYC several project bounties that have been followed. I myself do KYC for bounty if the project is good and really pays.

I agree that everyone is difficult to deal with the division of the money, but do you understand the feeling that our money is held by others, I am very inhibited about that feeling. But I also agree that dividing each installment to pay is the most stable  ::)

A bounty should be straightforward and direct; no hiccups
With no terms such as; you can be deleted without any explanation
Or terms like; payment allocation can be adjusted

Fair and honest is all that is required