PuertoLibre
Legendary
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Activity: 1890
Merit: 1003
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August 31, 2019, 09:32:14 PM |
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Is it normal that projects will not pay bounty rewards because their sales doesnt reached the target?
Is the bounty manager will be liable to here even its not in their control that ICO failed?
I want to joined Soc Med campaign but I read somewhere that some projects really dont pay at end because of ICO failure.
For me it is normal when the ICO fails because if the token is distributed it will not be valuable. Therefore, it is very necessary for bounty hunters not to be too quick in making decisions to participate in an ICO project, it is very necessary to observe and analyze the ICO project, what about the product, how about the team behind it, and what they will do to reach their target. You are right, the projects should be carefully studied, but how to understand the information about the projects is true or not. Some so can beautifully paint your project, and it is in fact just a Scam. The strongest always survives. A scenario is not possible where all projects win, if only because most of them are outright garbage incapable of life. By and large, such an abundant presence of weak projects is a side effect of the freedom that the blockchain gives. If the Yahoo search engine thought like them, they shouldn't start their first business due to the previous strong competitors. The same opinion can be applied to this case, there are a lot of same problem focused crypto projects. The bounty campaigns that running currently shows the real situation why so many projects fail. Without checking the legit projects, bounty hunters go to fill the required Google form as a project supporter. Flash crash doesn't have any affect on the bounty campaigns but the raised funds start to decrease and the bounty payments got delayed for this reason.
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fumblingperch
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August 31, 2019, 10:09:39 PM |
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In fact, the bounty manager has nothing to do with the project team. Only if he didn't make a deal with them to cheat. Therefore, in most cases, if the ICO turns out to be a failure, the bounty manager is the same victim as the bounty hunters.
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cryptonewbie
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August 31, 2019, 10:23:28 PM |
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Let us take the idea of cryptocurrency out of the picture now. If you own a store selling groceries and the store makes no sales. How do you expect to be paid? That is similar to what happens with projects who fail to hit their target during their token sales.
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EXtremeAEX
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September 01, 2019, 12:57:50 PM |
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Is it normal that projects will not pay bounty rewards because their sales doesnt reached the target?
Is the bounty manager will be liable to here even its not in their control that ICO failed?
I want to joined Soc Med campaign but I read somewhere that some projects really dont pay at end because of ICO failure.
If we evaluate mutual relationsthe like employee - employer, like in real world, then of course this is not normal. But let's not forget that we are in the cryptocurrency market. There are no clear rules, regulators, obligations and contracts. In fact, everything is here of our choice and each of us, based on all these features, assesses risks. The participants of the bounty campaigns, it’s like leaves in the wind, where the wind blows, it will carry us there and we can only hope that the wind will be favorable for us. But, each of us has a choice: to participate in the bounty campaign or not.
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Weng_saboh
Member
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Activity: 728
Merit: 12
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September 01, 2019, 01:16:25 PM |
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This has often happened to me when I failed the Bounty Hunter was not paid and the communication network for a project was quiet and the team ran away, if I knew the manager was not responsible for the gift program because the manager was only carrying out the task.
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cassavachips
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September 01, 2019, 03:55:21 PM |
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The project should still give rewards to bounty hunters by what they are supposed to get even if the project fails. Because bounty hunters will be very disappointed if the project fails plus does not give rewards according to what they have allocated
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herurist
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September 01, 2019, 04:05:49 PM |
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The project should still give rewards to bounty hunters by what they are supposed to get even if the project fails. Because bounty hunters will be very disappointed if the project fails plus does not give rewards according to what they have allocated
If the project fails and the tokens are distributed to the hunters then what about the tokens will not sell at all, so we all just work alone if the project fails, it's better to choose what you think is convincing.
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islafilipina
Copper Member
Newbie
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Activity: 518
Merit: 0
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September 01, 2019, 04:14:08 PM |
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This is really frustrating not getting paid on what you have worked for several months. This is the consequence that you will face if you will participate in a bounty campaign. My advice is just choose a good bounty manager that chooses bounty that has potential in the market at least your chances of getting paid is higher
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louisBSAS
Member
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Activity: 623
Merit: 11
Proof-of-Stake Blockchain Network
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September 01, 2019, 08:47:15 PM |
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People need to take their time when choosing what project to support. Just because they paying well does not mean that is the value of the tokens you will recieve. IF the project fails it is worth $0 If it never reaches an exchange it will be worth $0 and sometimes it just doesn't perform well so the value is very little and you get under paid. You should rather look at a bounty as earning an investment instead of buying tokens in the ICO. Rather take your time and choose better bounties with things to offer and that will greatly reduce the risk of ending up with nothing and the risk vs reward will be worth it.
You think very competently, and give good advice. I also think that there is no need to choose a bounty campaign for the promised remuneration, because these are just promises. You will not believe it if they promise to pay you a billion dollars per thousand people, so why believe that several hundred thousand dollars will be spent on a bounty campaign with a project that cannot collect even 500 thousand investments.
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upyem2k
Jr. Member
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Activity: 448
Merit: 1
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September 02, 2019, 05:41:24 PM |
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There is actually no point paying the bounty hunters for a failed project. You should know that most bounties are paid in the project token. So, what is the point in having the token of a failed project.
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H1N1
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September 09, 2019, 02:03:02 AM |
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Is it normal that projects will not pay bounty rewards because their sales doesnt reached the target?
Is the bounty manager will be liable to here even its not in their control that ICO failed?
I want to joined Soc Med campaign but I read somewhere that some projects really dont pay at end because of ICO failure.
In these days, it is normal for ICO if they are unable to pay bounty hunters because the target not reached. Usually, the fund raised will be sent back to investors who invested on them, so they don't have any funds to pay the hunters. bounty managers doesn't have any obligation if they stated the rule in the beginning of the campaign : 'no one will be paid if softcap not reached'.
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Ezio_Auditore
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September 09, 2019, 03:40:00 AM |
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Is it normal that projects will not pay bounty rewards because their sales doesnt reached the target?
Is the bounty manager will be liable to here even its not in their control that ICO failed?
I want to joined Soc Med campaign but I read somewhere that some projects really dont pay at end because of ICO failure.
I believe that bounty manager is not to blame. If from the beginning it was not stated that the project scammers, then blame that they did not pay bounty hunters manager is not worth it.
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Crypt0BHunter
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Activity: 462
Merit: 10
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September 14, 2019, 03:41:59 PM |
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It's not so bad if the project doesn't pay the more worst that it will be scam and you trust on the forum will be red because you were promoting scam project.
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hahay
Legendary
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Activity: 3640
Merit: 1056
Leading Crypto Sports Betting & Casino Platform
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September 14, 2019, 03:50:17 PM |
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I think it's normal as long as there are rules made in the thread regarding payment that will be done at least if the ICO is successful or reaches the target. It depends on how the manager will make an action, because to pay bounty participants from their own pockets is difficult because it requires large funds. So, those are risks that at least the bounty participants must be prepared to face such bad risks and the bounty participants should have done in-depth research so that the activities or work that you do not only waste time.
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DarkIT
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September 14, 2019, 04:07:09 PM |
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for the first, normal if a project does not pay bounty hunters when they do not reach the soft cap. they did it because they would return the funds they collected to their investors again, and they did not work on the project. it was called a failed project, and even when they paid the bounty hunter with the coins they had, it would have no value.
for the second, as far as I know, the bounty manager is only responsible for providing information about the progress of the project, even when it fails, and controlling every report from the participants to the team, and vice versa.
very difficult to find projects that will still pay bounty hunters even if the project they are working on fails.
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Weng simok
Member
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Activity: 434
Merit: 10
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September 14, 2019, 04:36:26 PM |
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Of course, it is a natural thing to do by the project team, and usually projects that do not achieve more sales than softcap then the payment for participants will be canceled because indeed their project sales results are not as expected, but now many projects have achieved satisfactory sales results / hardcap but does not make payments at all for bounty participants and of course this is a loss for us bounty participants.
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Pamadar
Legendary
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Activity: 2982
Merit: 1028
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September 14, 2019, 04:48:01 PM |
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Of course, it is a natural thing to do by the project team, and usually projects that do not achieve more sales than softcap then the payment for participants will be canceled because indeed their project sales results are not as expected, but now many projects have achieved satisfactory sales results / hardcap but does not make payments at all for bounty participants and of course this is a loss for us bounty participants.
And that sucks as the team was able to get the funds that they've needed but failed to provide the bounty rewards. In such events, bounty hunters are only wasting time and effort participating with campaigns that only ends up nothing. Maybe some are still holding the rewards and some who already provided the tokens but failed to list the project to any exchange and still invaluable. Participants needs to be more careful joining any bounties since there's no assurance even the project reached the target but nothing happens and runaway with the funds.
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Jackblack90909
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September 14, 2019, 04:52:51 PM |
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Yes, it is possible that bounty gets stopped if the ICO fails to reach at least the softcap. And in this case, if the project is legitimate they will refund their investors and bounty hunters will receive nothing because the token sale already stopped and obviously the tokens are worthless.
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Galley
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Activity: 1274
Merit: 14
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September 14, 2019, 05:25:57 PM |
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Well, this is completely normal when the project does not collect the planned funds, then it distributes to investors what was collected. Accordingly, no one will pay the participants of the bounty companies, since the payment is a percentage of the collected.
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Apaxy
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September 14, 2019, 06:38:14 PM |
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I think that for any, even a very promising project, the money received from investors during the ico company was very easy. Almost every project received tens of millions of dollars for words that were not confirmed. If these projects showed good results in their development and a specific product was provided, then investors would be more accommodating in terms of investment. But as for the Bounty companies, this is an advertising procedure to disseminate information about a new project. If the company is not clearly fraudulent, then in most cases the participants in the bounty of the company are not responsible for such projects. The bounty manager is not concerned.
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