My official statement about the issue of Bitpaction Exchange.
The whole time I ran their campaign, we (me and the bitpaction team) have an agreement about how many tokens should be allocated to the bounty pool.
Since the bounties will be directly paid to the participant's accounts on their respective exchange, no escrow is needed since it can't be done.
The campaign runs smoothly over a couple of weeks.
I get paid every week with gives me confidence on them, thinking they would fulfill their promise about the bounty pool.
But when Week 7 is almost ending, the Bitpaction team suddenly decided to end the bounty campaign and asked my to finalized the spreadsheet and get it ready for the proposed distribution.
I finalized the spreadsheet, used the agreed bounty pool which is 1,000,000 BPS. Then, I submitted the finalized spreadsheet to the team.
But, when they viewed the rewards per participants, they thought these calculations isn't really viable since they think each participant is getting a lot by doing just small tasks.
That's when the team decided to reduce the bounty pool.
The way I see it, the team is just afraid that the bounty hunters would dump all their BPS tokens especially that the token itself already has a value and it would dilute the value of it when the dumps starts.
As the Bounty Campaign Manager; I am deeply saddened by this changes and unfortunately, there's nothing I can do about it.
The entire bounty pool is in the hands of the Bitpaction Team, it's their tokens, it's their exchange, the final decision about the entire bounty campaign is up to them.
I'm only paid to manage their bounty campaign, post updates on their ann, which I think I fairly did with all my might.
Sorry guys, but there's nothing I can do about this.
thank you first.
Second, about Bitpaction. They have too many options for be fair with us and don't kill own exchange. They can divide tokens for parts, or release tokens for bountyhunters with delay of some weeks, like FB one week, next week TW, third week Signatures...
Hope they find some solution for us
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