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Author Topic: Paying Bounty With TOKEN or ETH which will be better?  (Read 2371 times)
DeKingCrypto
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August 15, 2018, 02:22:50 PM
Last edit: August 15, 2018, 02:59:09 PM by DeKingCrypto
Merited by TimeTeller (3)
 #1


Often time people ask why are token prices always go lower than ICO price on their first day of entering exchange? and the question seems to be difficult to answer.


I did some knowledge storm and I arrived at this;

1. Bounty hunters always want to dump and get out as soon as possible

2. The market in general might be far lower than the way it was during the ICO period

3. People sense something Fishy in the project and the want go out.

But among the three mentioned above, there are projects that are good and the market price is only have little difference from ICO period yet the token drop even 10X below ICO price.

Now the QUESTION is what could be the curse? and what is the Solution
There are two major reasons that may cause this; 1. Bounty/Airdrop hunters and 2. Newbies who only heard that crypto investment yield interest.

SOLUTION
My solution here might not be right but this is how I see it.
1. Pay Bounty/Airdrop hunters with ETH, BTC or any Popular Coin thats already trading in the market
2. Buy Back some initial dumpers, which will make almost everyone else not to dump any more

Anyone who knows a better way can tell us here!
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August 15, 2018, 02:37:45 PM
 #2


Often time people ask why are token prices always go lower than ICO price on their first day of entering exchange? and the question seems to be difficult to answer.


I did some knowledge storm and I arrived at this;

1. Bounty hunters always want to dump and get out as soon as possible

2. The market in general might be far lower than the way it was during the ICO period

3. People sense something Fishy in the project and the want go out.

But among the three mentioned above, there are projects that are good and the market price is only have little difference from ICO period yet the token drop even 10X below ICO price.

Now the QUESTION is what could be the curse? and what is the Solution
There are two major reasons that may cause this; 1. Bounty/Airdrop hunters and 2. Newbies who only heard that crypto investment yield interest.

SOLUTION
My solution here might not be right but this is how I see it.
1. Pay Bounty/Airdrop hunters with ETH, BTC or any Popular Coin thats already trading in the market
2. Buy Back some initial dumpers, which will make almost everyone else not to dump any more

Anyone who knows a better way can tell us here!


Thank you for your suggestions but there are issues you need to look into before you take such drastic decisions about paying bounty hunters with ETH or BTC, firstly you need to consider the fact that bounty hunters also need the project tokens to enjoy the project concept,so you need to consider the above fact. Thanks



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Iamdeadlyz
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August 15, 2018, 03:01:09 PM
 #3

I believe that if the project is really good and that tokens are needed for utility then it's better to be paid in tokens rather than eth. Also, the dumping of tokens from bounty hunters usually happens so if they don't believe in the project then it's good to get rid of them at an early stage and let the believers have the tokens to support/use the product.
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August 15, 2018, 03:02:37 PM
 #4


Often time people ask why are token prices always go lower than ICO price on their first day of entering exchange? and the question seems to be difficult to answer.


I did some knowledge storm and I arrived at this;

1. Bounty hunters always want to dump and get out as soon as possible

2. The market in general might be far lower than the way it was during the ICO period

3. People sense something Fishy in the project and the want go out.

But among the three mentioned above, there are projects that are good and the market price is only have little difference from ICO period yet the token drop even 10X below ICO price.

Now the QUESTION is what could be the curse? and what is the Solution
There are two major reasons that may cause this; 1. Bounty/Airdrop hunters and 2. Newbies who only heard that crypto investment yield interest.

SOLUTION
My solution here might not be right but this is how I see it.
1. Pay Bounty/Airdrop hunters with ETH, BTC or any Popular Coin thats already trading in the market
2. Buy Back some initial dumpers, which will make almost everyone else not to dump any more

Anyone who knows a better way can tell us here!


You are right but these projects also need people that will start the trades, as in initial traders what happened in your Idea is considered?

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August 15, 2018, 03:03:28 PM
 #5

in the bounty hunters point of view this is a great solution. But for ICOs projects. This will bring no initial circulation on their coins and less people to hold theirs(the fact that airdrop purpose is opposite).

And please consider when all bontier is paid in ETH or major coin. What will happen in the market?
I think it will worsen the market significantly.
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August 15, 2018, 03:05:21 PM
 #6

It is not impossible for bounty hunters to be paid in other currencies like BTC and ETH. There are sections on here you can get such jobs and they are open to select ranks. But I feel this not feasible for most ICOs to do considering the number of bounty participants they get and it will not encourage the circulation of their tokens
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August 15, 2018, 03:06:10 PM
 #7

I guess the bounty payment with the eth or token ico is just good, especially if the payment could be 50% and 50% of the eth token, token prices most likely will be expensive if it is like that. but to get the results definitely eth guarantees better.

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August 15, 2018, 03:08:53 PM
 #8

Personally I would prefer bounty rewards in ethereum or bitcoin. Some of this projects take too long to come into exchanges.
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August 15, 2018, 03:09:04 PM
 #9

Do you think that 2% of total token distributed in bounties can crash the whole token market and it cannot recover indefinitely?

They are just bad project with false promises, that`s why they never recover.

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August 15, 2018, 03:14:52 PM
 #10

I prefer to get paid with the same token i work for by sig campaign or twitter because the price is not fixed as in case of bitcoin or eth .
just chose good one , lot of crappy coins everyday .

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August 15, 2018, 03:16:17 PM
 #11

This suggestion has been brought up multiple times here. But I doubt it is doable as the projects would have to pay for this kind of marketing in their capital and not their tokens (paying in their tokens is basically free for them, paying in ETH or BTC is not).
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August 15, 2018, 03:27:07 PM
 #12

Your suggestion is good but most campaigns don't prefer to pay in eth or btc as bounties payments and there are some of bounties i have seen paying in btc but payments where very low compared to most of Bounty campaigns which i think doesn't acceptable by most people.
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August 15, 2018, 03:30:32 PM
 #13

Paying bounty hunters in ETH is more preferable and favourable than paying in tokens as this would compensate their efforts for campaigning for the project rather than token that will deprecate.
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August 15, 2018, 03:32:00 PM
Merited by TimeTeller (1)
 #14

There some campaign that paying in bitcoin or ethereum, but is not possible to pay all campaign participant with that way, sometimes pay half in another crypto and half with their token. anyway sometimes get paid in token much more profitable for me, do you ever get paid in ethereum or bitcoin in one campaign and receive around 5k USD? I receive that amount in a token, so I chose a good project and hold the token. How much you think bounty hunter share from all token supply? not more than 5% obviously

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August 15, 2018, 03:34:18 PM
 #15

The option to buy back with Ethereum seems more reasonable than paying for campaign participants with Ethereum.
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August 15, 2018, 03:34:28 PM
 #16

Your suggestion is good but most campaigns don't prefer to pay in eth or btc as bounties payments and there are some of bounties i have seen paying in btc but payments where very low compared to most of Bounty campaigns which i think doesn't acceptable by most people.
agreed, most bounties that using btc as a payment is tend to be low than using their own coins, but it's give us guaranteed that we will be paid and not worry about how many we will get since the paid amount already fixed.


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August 15, 2018, 03:39:06 PM
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There will not be much difference between bounty campaigns and signature campaigns when payment is made as mentioned. I do not want to be reminded of the fact that the signature campaigns are the first and most important point of payment method that makes the campaigns different from these campaigns. In addition, it is inevitable that if this situation occurs, the limit of participation for many campaigns will come and it will be extremely difficult to find the right campaign. For that reason, I do not want to end up complaining that it is wrong to object very much to the existing system and that this system works extremely well. Obstacles made are of course beautiful, and at first glance it makes sense to hug, but as I said, if this happens, things can go too far.

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August 15, 2018, 03:39:58 PM
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August 15, 2018, 03:42:56 PM
 #19

It will be much much better for bounty hunters if it was paid in ETH. Payouts won't be dependent on the exchange listing of the token. And the price it opens up. ETH is much more stable and predictable.
But it is not favorable to ICOs. They usually have their proceedings locked for a time in vesting or the budget is planned for post-ICO marketing.

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August 15, 2018, 03:48:40 PM
 #20

That's not how bounty works. If Bounty managers did as you say, they will have to pay cash from their own pockets or their investors'. Why would they do that if it is possible to create a marketing campaign (rather spammy) paying them free money they just created (their tokens)?

Even before bounties became a thing like it is now, the tokens prices used to take a dip on its first day of listing on an exchange. Not defending bounty hunters, but investors who want a quick buck will influence the market much greater than bounty hunters, in my opinion.

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