Bitcoin Forum

Bounty hunters are requesting to get paid through Bitcoin and Ethereum or other tradeable coins so bounty hunters will not dump their token when it hit the market, thereby protecting its price.

But they don't want that because they do not believe that their own token will have value or demand when it hit the market  :D and that's actually what's happening
That's one of the reasons I can think of if you have more post it here.

It just me speculating, but I think the reason here is that it will be the project managers or developers that are the ones that are in control about what they want to reward the bounty hunters. That being said it is much easier for thee project managers to give the rewards as the tokens they promote as opposed to having cryptocurrencies with real value in the market as they will not pay a certain amount to the participants. Instead they let the market decide what the price will be.

i don't think it has anything with believing in the future of their token because the creators of these tokens know better than you and i that their token is useless and worthless.

the only reason why they pay in their own token is because it doesn't cost them anything! if they wanted to pay in bitcoin for example they would have to spend money and buy bitcoin and then pay people. but when they pay in their own token, all they have to do is just create them out of thin air with no effort or cost!

sometimes bounty manager is outside from the team member from the project,
so, this bounty manager didn't have enough power to decided what kind of payment for hunters my friend

Bounty managers are only doing their work and they are not the one who make the decision on what to pay to the bounty hunters. All decisions came from project owners but there are few projects who are paying bitcoin or other coins that have a value already.

Bounty campaigns are marketing strategy to all the project owners and they are using it in order to hype or to spread their projects all over the world just to obtain the maximum investments that they can get. So if you are a project owner then there is a big chance that you will use your tokens instead of other tokens in paying the bounty hunters, that's how marketing works.

They don't have to buy Bitcoin or eth or any tradeable coins because they can get it in their sales and if they didn't reach their soft cap they will not pay their bounty hunters, all ICO is like that they will not pay bounty hunters if they did not reach the soft cap


He can suggest this and besides some bounty managers are members of the team, majority of bounty hunters prefer tradeable coins and they will prioritize this project.

Exactly. And that's why people should learn and look around a little. Get the background of the project a little. See if the project has any future. See if it worth the hassle. See if the project has a good enough chance to reach one or more exchanges quickly and, why not, if the project's coins/tokens would worth more in a year.
If a minimal background check would be done, there would be less spam and less crying.

The bounty rewards are usually pre-set. What if in the end the sales result isn't enough for bounty payment? You want your goodness but project developers want their goodness. It's kind of a game theory. Paying bounty in ICO token is the fairest way for both sides (if that ICO doesn't scam).

Bounty managers are not the ones to pay bounty hunters in bitcoin or other trading coins its the developers call to make not bounty manager ,all what bounty manager have to do is coordinate a smooth bounty experience ,sometimes even a project teams are the ones responsible for bounty payments

In 99% of the bounties, bounty managers have no role in deciding the payment method! It's the owner of the ICO who decides what to pay and how to pay. So your statement is technically incorrect.

Secondly, ICO is a funding event. If bounties are paid in bitcoin or any other tradable coins, then they would requires a huge capital to start with. It is cost effective for the ICO owners to use their own tokens to pay the bounty hunters! But I believe the entire bounty system is flawed! ICO owners should think about new marketing strategies!

Its good to really request the team to ask for BTC pay but that is if bounty hunters unite and ask for it, I think we can all be as powerful as becoming a huge market influencer if bounty hunters unite to ask and not promote the project if they don't pay upfront to an escrow. However if the project is good. Its not that they don't believe to their own project but when the price of their token drop due to hunters dumping it, they can easily buy them all back for their own profit.

Maybe I have to correct myself on that bounty managers are also alter ego of ICO developers if we can create a trend that ICO's or any other crowdfunding platform will pay their bounty hunters with tradeable coins it could be a win-win situation, maybe I just missed the old times when bounty hunters are paid in Bitcoin, those were the times when there are a lot of great projects doing ICO.

Let's start with the fact that the bounty manager is the same person as a member of the company's bounty, as he also receives payment in project tokens and doesn’t really depend on him and the project is of course more profitable to give his token as they can manipulate the course in the future.

If they don't believe that the token's project that they are advertising and managing as a bounty or campaign will have value, then why they're keeping their task and staying to manage it?

Mostly they are receiving payment in tokens too but a reputable one would choose the best payment method and can demand his preferred crypto as means of payment.

It's a very and a super duper old repetitive question like many people have questioned this time by time.
The reason is, the bounty manager is hired by the project, it really depends on the company of the project whether they are going to pay the bounty users in token or btc.

you have a good point but bounty managers are not in the position to send out payments or in the position to say what coin should be paid to the hunters. I have seen projects that pay out on tradeable coins or tokens like you have mentioned.

We don't really know what the talked behind before the bounty managers accept the job, maybe aside from tokens from the developers also some
decent btc or valuable coins that accompanied the paycheck, whatever the reason if the team will developed good project and usable product chances
to be supported will give the bounty hunters good rewards after.

the reason they chose to pay using own tokens, IMO because by paying using their own tokens as if they pay for free not spend a penny. and by paying using their own tokens they can set when tokens are distributed and when tokens can be withdrawn.

dont think this will be easy to achieve. If ever a project would agree to this terms or would make payments with already existing coin means that the project has funding already and is sure project will launch. Many projects depends on the fund that they would raise to develop project.

i think some project have low economy and all their money is run out to make new token and development their own project.
but how if before starting to lauch ICO why they don't try to stock first ETH for paid bounty hunter.
if bounty hunter is get paid they will never going to FUD or angry because late payment nad distribution.

Do you believe the bounty managers are paying tradable tokens or bitcoin? Both are incorrect information. Bounty managers are handling the bounties for the tokens of that ICO.
We are not sure that those tokens are listed on exchange or not. Maximum the tokens receiving by participants are not the worthy tokens or will not get listed on good exchanges. We need to check the good ICO while you are participating in the campaign.

Some missed the more important point the OP is trying to make here.

---

I've been in some bounty campaigns that pays trade able coins but most of them are post ICO campaigns or privately funded campaigns. You can hardly see BTC/ETH paying ICO/IEO campaigns/ 

The organizers of the project can not give bounty hunter awards in ETH and BTC. Since they themselves raise funds for the development of the project. Just imagine what a huge amount will need to pay bounty hunter... And you forgot about the fact that to go to the listing on the exchange you need to pay.

for teams, its easy to pay their own coin because there is nothing to lose. we could only speculate the price of their coin but the reality of it will come when its on the market. there are no guarantees as they say. its like a box of chocolate . :) if they pay BTC, they would have to try harder to make up with their loss but with their tokens, they couldn't care whether it has value of not.  take this as a fact as i have.

Absolutely right, i think their mentality is that why pay bounty hunters with precious btc or eth which they have raised with months of promotions and fundsraising rather give them the tokens that have no value atleast uptill product development phase and there after the business phase where the demand comes,  personally im still happy to receive project tokens and wait but last years many many campaigns have not even paid the tokens that were owed to the bounty hunters.

The project that pays in the tokens of it allows the coins to circulate among the bounty hunters and as a result they get into to participate in the success of it after it is listed on exchange. But if managers pay in Bitcoins or Ether, they won't get the hunters to purchase the project tokens.

the fee have cost if the token is from ethereum but it just small amount compare if they pay in coin that tradable in some exchange.

The bounty managers are not responsible for paying bounty hunters. Most project managers like to pay in their own native tokens because that is what they have in abundance. And at times too, because the coin has not been on exchange yet, they can't really tell the actual price of the coin so as a bounty hunter, if you believe in that project, then you should be ready to accept those tokens.

The point you gave is partly part of the reason bitcoin and other trad-able coins are not given. Most don't trust their project to perform well when it hits the exchange. But some sincerely want a wider audience to hold their token so as to get a high liquidity and a better community. Community should be responsible for building any project price growth and shouldn't be left for developers alone.  

The major reason has been said already, it is not the decision of the bounty manager what kind of payment a particular project should give to its hunters.
The decision comes from the team themselves. The bounty mgr can give his suggestions but it is the team's decision what is the final form of payment they want to give.
If the team can afford to pay btc or eth, then, it shows they have funds to spend with.
But most projects allot their own tokens because they don't have to shell out their actual money.
As everybody knows, that token has no value yet, until it hits the exchanges and be actually traded.
You can tell if the project has sustainable future if they can maintain their price for long periods of trading.

That is the ultimate truth, project managers always consider whether their tokens will hit the exchanges or market outside there and in a way protect the value of their tokens. To me, since bounty hunter are always blamed for dumping, it would have been a nice decision and idea if these project managers choose to pay bounty hunters in btc, eth and the rest top five cryptocurrencies.

Bonus managers cannot decide on the bounty hunter's remuneration. They are simply being managers instead of development teams and receiving their salaries.
And the development team loves to be paid by their token because they won't lose anything.

It is just mere assumption that bounty hunters wants to be paid in bitcoin or Ethereum which are popular coins. Either ways, there is still some hunters who wants  to be paid with the official token of the project they are promoting. You need to believe in a project you are promoting. I  don't see the reason why you should have less hope in the token/coin of a project that you are promoting.

This is indeed correct. If the project were so sure about itself and its token, it would have been safer for them to pay bounty participants in bitcoins or ethereum than risking the token's price. But as they are so sure that their's project is just a give stupid tokens and earn money scheme, they opt for providing the tokens. The tokens actually have no value unless users give them or the market demands it.

I think the bounty managers are not responsible for sending the payment and that will be a job for the developer to give the rewards to the bounty hunters. Many projects prefer to give their tokens to the bounty hunters and not giving them bitcoin or ethereum as the rewards. So far, bounty hunters still are on the wrong side because they will sell all of the tokens when it's launch at the market and that will dump the price into the lowest price.

I'll still maintain my opinion that these developers don't want to pay with tradeable coins because they don't believe that their coins will have a competitive price in the market, commensurate to the rate they will give to their bounty hunters, I have been into ICO as bounty hunter and have seen it so many times, their coins 60 to 90% down in their ICO price or worse no value in the market.

Yes this is right because bounty manager doing their job to find a participant to promote the project and only the organization or the project owner os the right way to make a decision if their want yo send tradable altcoin or their own token, if you want to earn bitcoin just find a good signature campaign on the services that manage by trusted campaign manager like sir Yahoo.

I also think so if they prefer to pay with tokens because without any fees. so now, payments with bitcoin or ethereum are starting to be rarely done by bounty hounter participants, maybe the team still wants to hope that if their tokens can be released in the public they don't think about the price.

Bounty managers would pay bounty participants according to the terms stated by the project team.
There are a few reasons why the project likes to reward bounty participants with tokens rather than coins.
1. The project needs money now and can reward the investors and bounty participants later. (profit in future)
2. They want bounty participants to get involved in their project community and spread informations about the project even after the bouty ends. (free advertisement for life)

Once you support a project I think you should be confident of that project doing well and opting for payment in BTC or Ether is likely to say you don't have confident in the project and most projects won't adhere to that,  For me I believe every project had its terms and conditions hence should be followed

first think, bounty payment not made by bounty manager, BM just running the bounty program from the start until success finished, then report the final sheet to the dev team, and the one who make a payment is the team itself, not BM buddy.

I'm finished doing bounty for a campaign that only promised their token that has no guaranty of value in the market, glad that the one I'm in right now is already in the market, after this campaign I have no choice but to transfer to gambling campaign or stop doing ICO bounty.

It means they don't believe to the function of their token in the future. It's actually easy to make most investors believe that the token that will be created can potentially be used in the future. They are just looking for someone who is truly experienced in the crypto world and then gives a whitepaper that at least does not have by other coins or can just perfect the coin function that is already in the market. That way there will be many bounty hunters who are ready to be paid with anything to promote the project to completion.

The impression that even the team behind do not believe that support will be there for the project, after being done doing the ico and already got a chance to be listed inside exchange, if the team have that attitude they won't bothered paying the hunters tokens and will not be intimidated in any case whether
the project will succeed or fall continuously.

Developers who don't believe with their own work always aiming to earned quickly.

You just one cogent reason. Another reason is also because dev are always looking for the cheap and easiest way of promoting their business and bounty campaign seems the best for them. You can have more than 10,000 bounty hunters participating in a campaign which at the end of the day may not even pay them or even change the agreement and locked their token for a very long period of time. E.g Asobicoin.Paying hunters with BTC and ETH will require them to only afford limited participants and also the fund to be spent need to be readily available.

This could be true. But do they have the funds initially?


Probably the best reason is that they don't have the money to begin with. I don't think that they believed that their token is worthless, I mean they put hundreds if not thousands of hours behind their project, unless they are pulling a scam out there. The problem is that after they release it, they should have unless done improvements so that investors are going to stick with them.

Yes this is true and also i think other reason is that most projects are just fake and scam, so why would they pay bitcoin if there only agenda is to get bitcoin from others then run? It's hard to look for projects that are willing to pay with bitcoin nowadays compare to 2017.

Most projects do not pay in Bitcin or other tradeable coins because the the team intends to promote their own coins. Most of these projects have their own cryptocurrencies serving as the major facilitator within their ecosystem, hence do not encourage the distribution of other tradeable coins.

Yes, they are not confident in the development of the business. But one more thing that makes me very uncomfortable is their lack of responsibility. When the value of the token is higher than expected and the volume is quite high, they don't care about the bounty hunters, who have helped the project to be widely promoted. they delay and continue the delay until its price drops sharply.
This is really an injustice for bounty hunters. We should condemn this.

I do not think that the bounty manager is paying bitcoin or coins tradeable as far as i know bounty manager is also paying from the project team for his work as bounty manager, bounty manager is not part of the project or a team he also like bounty hunter.

That might be true, but it is actually not the bounty manager decision.
Usually the team themselves are willing to pay bounty participants with their token, not with top coins.
Some bounty managers agree with that, but requiring to pay bounty manager in btc or eth.

Most of the campaigns that pays their own token are scam, the team can just abandoned the project and you're holding worthless coins. So much for promoting it for months.

If you don't wanna do the bounty campaign because they pay their own token, nothing will make these projects go live. This will stop scam as well so you just get to join a campaign that pay BTC or ETH. However there is not much campaigns that pays BTC except those gambling/casino sites, they are very limited and most of them are full already. Unless you join some that pays very little.

Sadly, most projects will not care about the price of tokens when they are listed, they are interested in the amount of money they get through selling tokens, which is why they pay for bounty hunters with tokens

I believe that this is the greatest myth and misconception that bounty hunters are able to bring down the course of the coin. If you look at the percentage of coins that is allocated for the bounty campaign, you will see that it does not exceed 5%. This is a very small amount of coins in order to be able to affect the value of the coin, especially considering that the coins are divided among hundreds of holders. If the developers say so, then their coin - Scam!

you shouldn't blame the bounty managers for that but should blame the project for not paying with other currencies apart from their own currencies. One problem I have figured out is that most of this projects takes bounty hunters for nothing and don't care how we feel about anything

This is really a big problem for us. For successful development projects, they forget the bounty hunters and wait for their prices to be extremely low and then distribute them tokens.
I really hate this feeling and I feel like I'm useless at that project. no voice, no rights and only the right to wait. :)

Well if you do not like that stuff, the power of deciding is yours.  Participate or not is your call though not all bounty campaign is like that, some bounty campaign are true to their words.  If they promise to distribute the token on that day, they will distribute it but the problem is there is only a few of them here.

It is depend on the bounty or project manager. If the project's manager & not owner ,then he/she can't decide to pay bitcoin or other tokens to the investors. Even the owner of project does not pay bitcoin & other payable coins.owner will also wants to hold these coins for good earnings in future. So that's a main reason behind it.

I think paying with other coins would lose the whole purpose of creating a new coin. If you are getting paid in ethereum and than giving people your new coin that's an offer you make that people will either accept or not and afterwards you will use that ethereum to pay the coders the designers the marketers and everything else but if you pay the bounty people to work for your coin yet pay them in etheruem than it will be "they are not even paid in the coin they are promoting" which wouldn't work.

I don't think that is the only reason, they see it as norms to pay with their tokens, it is rare to see a team that will pay with ethereum and bitcoin the second reason is greediness, the team droskt want to use out of the raised fund.

Such projects already existed. But it ended in the same way as most ICO projects - Scam. The developers promise a huge amount and after a large number of investments freeze the project.

developer are controlled about the payment, and of course developer want to bounty hunter trade their token/coin for increase volume trade in market even the price maybe dumped by hunter.

they are want people be a part of the community in the project and support them

Maybe only part of the Bounty is paid with BTC, the purpose of the Bounty manager is to help a Project succeed so it is impossible for us as Bounty Hunter to only be able to pay with what Project Bounty we follow.  and not all Bounty tokens have a price like Bitcoin and Ethereum whose prices are always stable

The reason is very simple. Bounty managers don't pay anyone. ICO teams do. And they don't have money - fiat or crypto. All they have is the tokens they are creating.
So, this is the only budget they have.

paying method depend on developers team.usually only qualified projects that have much fund courage to pay bounty hunter using bitcoin or ethereum.for them its important to keep their coins price in market.

Paying either in Bitcoin or ethereum is very costly for the project owners. They might in short of the funds at beginning and the project might not even raise the given amount required for bounty. If they pay via tokens, users who wants to buy these will set the value so literally the project owners won't be losing any money.

It is still part of the believe they do not have in their project, because if they do, they should have factored all these payment in when they were doing their feasibility study before going to raise fund through ICO.

Imagine that it is a physical project and they need to any contractors for their work, would they offer the contractor token? NO, they will pay the contractor with fiat, same things is applicable to hunters too, they work for the money and I think they deserve to be paid with token that will make them have access to their salary immediately.

How can a company that is genuine want to get everything free, free fund donation, they also want to get free awareness from hunters.

I understand how you feel, especially for the experience we have all had with most of the tokens we have gotten in the past that is still very dormant in the market, or tokens that are has gone so low in the market, but I think projects with direct tokens are still more profitable for now, especially the one that has very big hype.

Look at how harmony of Binance increased like 800 percent in profit, if they had paid them the Bitcoin equivalent, would the investors had seen such an increase this soon, with this increase, they can then share the profit into two and invest in BTC and ETH, we just have to continue to look for very good projects, it is really more worth it when we get their tokens.

yeah because developer must allocated Ethereum or BTC for hunter and take some proceeds from sales to allocate and pay for hunters.
it's efficient for developer and that's why usually developer paying hunter using token