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Author Topic: FIAT rewards for bounty hunters.  (Read 1551 times)
dewidte
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July 29, 2018, 01:30:19 PM
 #181

Truly, in light of the fact that ICO is a pledge drive for venture usage. Numerous tasks don't have the cash to pay you. Since the venture isn't working yet. It requires investment for the undertaking to begin making a benefit.
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July 29, 2018, 01:33:41 PM
 #182

It's basically impossible for projects to pay in fiat. There's so much regulation and compliance issues that it would take forever. Paying in crypto is still an infinite times easier than paying fiat.

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olsyd
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July 29, 2018, 02:51:17 PM
 #183

why they reward bounty hunters with their token, not FIAT
The main feature of bounty companies in that bounty members get their payment in tokens, otherwise, it's not a bounty but just advertising
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July 29, 2018, 02:53:07 PM
 #184

THis is a very good idea but I think the projects don't want to risk their own Ethereum and would rather give out their own fresh minted coins (with no value at the time).  Sometimes I think the projects like to cry when people cash in their work which seems like bad business.  If the project knows its going to dump they should BUY BACK and put their money where their mouth is. 
UniversityCoin
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July 29, 2018, 02:55:14 PM
 #185


Hello all members!
I am a bounty hunter, as well as many of you  Smiley Wink
And I heard that bounty hunters dump the coin price at the ico end.
So I was wondering, if the team doesn't want its coins to be sold on exchange date and thus be dumped, why they reward bounty hunters with their token, not FIAT.
Because they anyway accept fiat for selling the tokens, so the coin won't be dumped by bounty hunters, and bounty hunters are satisfied too.
Because those who need money, they have it, those who want tokens, can buy it at exchange etc.

Yes, it's much more profitable for developers to give their tokens, which they pre-planned for delivery, than to share cash.
munareal
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July 29, 2018, 03:57:38 PM
 #186

Giving bounty hunters the option to be paid in fiat currency is a good ideal but I do not think developers will want to do that. Paying in their tokens even if it will be dropped is much cheaper and more convenient for them. Fiat transactions have high transaction fees.
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July 29, 2018, 04:10:04 PM
 #187

If you are interested in finding projects that pay rewards to participants of bounty campaigns with fiat money, then it seems to me that you will not find such. But you can take part in bounty campaigns of projects that pay remuneration in the top-level crypto currency - Ethereum - just look for those on the portal bounty0x, I'm currently participating in several such.
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July 29, 2018, 04:11:50 PM
 #188

This topic can be looked at from different perspective, it's a good suggestion that bounty hunters be paid in fiat or ETH to prevent the most likely eventual dump of the tokens when distributed. Nevertheless it should be noted that some projects are highly hyped and bounty hunters actually feel lucky to be able to participate in the bounty as a way to get some tokens for themselves so it would be unfavorable for them to be paid in fiat.
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July 29, 2018, 04:15:18 PM
 #189


Hello all members!
I am a bounty hunter, as well as many of you  Smiley Wink
And I heard that bounty hunters dump the coin price at the ico end.
So I was wondering, if the team doesn't want its coins to be sold on exchange date and thus be dumped, why they reward bounty hunters with their token, not FIAT.
Because they anyway accept fiat for selling the tokens, so the coin won't be dumped by bounty hunters, and bounty hunters are satisfied too.
Because those who need money, they have it, those who want tokens, can buy it at exchange etc.

 Think the point here is that, it would be more cost efficient for them if they pay with the tokens. Also, it would increase the value of the cryptocurrency.
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July 29, 2018, 04:15:42 PM
 #190

This is a great idea.  This would for sure elevate all the issues projects have with hunters dumping.  I have a sneaking suspicion though that the projects will not want to pay using cold hard cash.
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July 29, 2018, 05:04:58 PM
 #191

I think this is a great idea. Beneficial to both parties. The benefit is that it would be better for bounty hunter not dumping ICO

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patykuprova
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July 29, 2018, 05:09:23 PM
 #192

Hi, this is a good idea for the bounty hunters, the hunters will be rewarded and no need to care about token's price.

I have finished kyc but not get token yet. Telegram @BeansreaL
My Erc-20 address: 0xe3e21e290544471facac5b9fb51127b1a0725710
neli234
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July 29, 2018, 05:12:54 PM
 #193


Hello all members!
I am a bounty hunter, as well as many of you  Smiley Wink
And I heard that bounty hunters dump the coin price at the ico end.
So I was wondering, if the team doesn't want its coins to be sold on exchange date and thus be dumped, why they reward bounty hunters with their token, not FIAT.
Because they anyway accept fiat for selling the tokens, so the coin won't be dumped by bounty hunters, and bounty hunters are satisfied too.
Because those who need money, they have it, those who want tokens, can buy it at exchange etc.

I think it is difficult to pay by ICO, but they can only pay by ETH and BTC. But with a very small pool for a few people
patykuprova
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July 29, 2018, 05:13:57 PM
 #194

I think this is a great idea. Beneficial to both parties. The benefit is that it would be better for bounty hunter not dumping ICO
Hi, my friend, how you think if your reward token rises up the price, you have the opportunity to become rich? And if you only get the fiat, you safe, but don't have the opportunity to become rich!

I have finished kyc but not get token yet. Telegram @BeansreaL
My Erc-20 address: 0xe3e21e290544471facac5b9fb51127b1a0725710
Sier86
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July 29, 2018, 05:14:05 PM
 #195

Fiat rewards for bounty hunters will not happen, im quite sure about it. Main reason why this will not happen because ICOs can easily pay with free tokens they done themself and not investing fiat money into bounty campaings.

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patykuprova
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July 29, 2018, 05:17:48 PM
 #196

Quote
I think it is difficult to pay by ICO, but they can only pay by ETH and BTC. But with a very small pool for a few people
Hi guy, actually I found some bounties wit BTC payment. This option for high-level rank in bitcointalk, hero member above or you have so many followers in social media. If the new bounty have BTC and ETH payment, i fully agree with them.

I have finished kyc but not get token yet. Telegram @BeansreaL
My Erc-20 address: 0xe3e21e290544471facac5b9fb51127b1a0725710
patykuprova
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July 29, 2018, 05:20:51 PM
 #197

Fiat rewards for bounty hunters will not happen, im quite sure about it. Main reason why this will not happen because ICOs can easily pay with free tokens they done themself and not investing fiat money into bounty campaings.
Hi, I agree with you. bounty payment by fiat is a good idea but it is not feasible. I think payment in ETH or BTC is one of the best choices.

I have finished kyc but not get token yet. Telegram @BeansreaL
My Erc-20 address: 0xe3e21e290544471facac5b9fb51127b1a0725710
berkatmendrofa
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July 29, 2018, 05:24:02 PM
 #198

I am also a bounty hunter that makes sense too and I also agree with your opinion but where do they get the money while they also collect money from investors, or maybe by giving tokens later for bounty hunters so the price does not go down this is just my opinion
jouns
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July 29, 2018, 05:32:43 PM
 #199

A very good idea, they can pay for the work of bounty hunters in ethereum, there will be no problems with the course of the token at the initial stage.
yarelydiaz
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July 29, 2018, 06:50:12 PM
 #200

Some bounty managers regularly have bounty campaign with paying in BTC, usually these managers like Wapinter and others Legendary...

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