FIAT rewards for bounty hunters.

[husanlarisa]

Hello all members!
I am a bounty hunter, as well as many of you 
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.

[lifesgood10]

Hello all members!
I am a bounty hunter, as well as many of you 
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 a good opinion, but projects would not want to do this considering the facts that they are trying to raise money from ICOS for their project, so if they pay with fiats, it affects their income.

and funy enough, most projects do not pay to list in exchange, they still beg for votes.
Lets all bounty hunters wait, work and see what will be decided about this kind of scenario.

[omfg.xekcep]

Let us be absolutely honest your supposition is wrong because participants of bounty campaigns cannot drop prices of really strong and perspective companies because there are tremendous demand on such companies and prices grow despite of anything.

[altcoinanalyst1]

Your logic is good enough but it can not be done simply because it is against the ICO rule. Also organizations are raising fund to complete their project they give payments to all the team who works for them with their coin.

[butka]

How are you going to accept fiat payments? Have you thought about that?

PayPal??  just kidding. Fiat is hardly an option.

But they could pay us in bitcoin. Most of the bounty hunters are dumping their coins for bitcoin anyways.

[cryptoking33]

Hello all members!
I am a bounty hunter, as well as many of you 
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.

Paying bounty hunters in fiat might be a welcome idea for those who can exchange their fiat very easily when they are paid. However some of the bounty hunters might want to own the tokens of the project especially if the project is a good one. Also the idea of paying in fiat will help solved the issue of dumping.

[Dart18]

No way that could happen.

They'd rather risk it by letting bounty hunters get a part of their coin. There is no guarantee they will hit a large equivalent of USD with their token that is why they just give it like that.
They want ETH and BTC. Why? There is guarantee with that. They will never try to exchange those just so they could pay their workers which they dont even know who. 

[BillCoin]

You should think as a company- it's like paying with stocks instead of fiat to people who provides you services.
If your whole company ends up to be a failure,you will lose money because the people who received payments for you received it as stocks so you don't really lose extra money.

To summarize, you minimize your risks by paying people with their tokens instead of real money, from the company's view.

In the people's aspect, if they do trust the company that offers them the bounty and beilieves in it, they won't really mind to get shares instead of getting real money.
Not a big deal for them I guess.

[Isaythebitcoinbitch]

a team will never pays you in Fiat money. because paying you in cryptos represent an advantage in terms of costs...
and don't worry, the price doesn't go down because of few bounty hunters dumps.
Price goes down because of other factors, you should worry when team members dump the coins of the project.
if they want to do so, you should dump the coin too... imho.

[Wildskull]

The idea is very good, but very not many creators of cryptocurrency will agree to such conditions. Though it would save the market of cryptocurrencies from a large number of swindlers. But also and not all hunters will be glad to receive FIAT. There are people who hold tokens for years before his growth.

[melamiras]

It not a bad idea. Anway it is funny how the teams take advantage of the heavy publicity by bounty hunting and then they complain that BH sell too early.

[AgentZero23]

I don't think it will be a good idea. Because it will take a lot of resources in sending fiat to every bounty hunters. That's why we have this digital currency to eliminate slow transactions. But i would definitely looking forward for an eth payment for a bounty program.

[onnz423]

One of the major issues would be you would need to provide your financial payment details to these ICOs, and would you really trust them with this? Also, the payment processing fees would be quite considerable, particularly when summing the IBAN fees or Paypal fees that would be necessary for this, and the time cost for manually sending all of these payments. Also, the major reason is they simply don't want to pay real money, hence why they offer their tokens.

[pey]

It is not possible, because most tokens worth nothing after ico and they are basically worthless this is why they pay with tokens instead of usd. USD is real money tokens are not.

[kindbtc]

I will somewhat agree with your suggestion, best case scenario would be that the bounty campaign should give the option while filling the form if the participant want to be rewarded with tokens or eth/btc. So that everyone can take the best option according to hos needs and strategy.

[Tambu]

Most of the ICO have no fiat reserved. ICO is made to make an initial amount to kick off the market. If Fiat for bounty hunter it will bankrupt the ICO. And the other issue is you need to reveal yourself to get the fiat. Requirements today to transfer a fiat is a lot.

[bawa_23]

Bounty team will never pay you with fiat money for providing services, because if the company pay you in fiat in case of failure they will loose fiat mone and in other case they will not loose anything, only coins. We are heading towards digitization and with techlonology upgrading crypto currency will be future currency, so it is better to have coins whether it is altcoins, ETH or BTC.

[boyshx]

Thats because they dont have money! Well, that is the reason they have the ICO fund raiser. So that they can raise the money for various purposes including the marketing stages. Where as bounty is considered as part of marketing and they always allocate X % of that fund to be given to them. This way they secure rest of the money and dont get into loss even if the bounty hunters dump their token. If they were suppose to pay you in fiat then they will have to give that money from their pockets. This is because they can not exchange their raised ETH or BTC to fiat as it will break the chain of funds as soon as they convert it to fiat. They will be questioned by the banks, regulatory bodies and it would eventually will become very complicated. May be thats why they wont go that way.

[tillerthekiller]

Yeah not a bad idea actually. I would imagine that funds are tight on smaller projects though.

[Granit0]

That's great idea. It would be good if the team had money for its implementation. The ICO is to be held in order to raise money. If the project team had cash, there would be no need to conduct an ICO.