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Author Topic: Why do developer find it difficult to pay bounty hunters  (Read 713 times)
AmoreJaz
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December 13, 2018, 11:40:34 PM
 #61

All depends on the development team because they are directly connected with the ICO Team. I think they don't pay bounty hunters because sales don't reach Soft Cap. And from my experience, I got a project that sales did not reach the minimum sales target. And the most difficult is if the team changes the rules for bounty hunters.

thats the struggle of every bounty hunter nowadays. since most projects are paying their own tokens, you can never be sure if you will really receive it or not. even if you research the project and seems that everything will fall into place. there's no guarantee that they can achieve their minimum targets. ive seen great projects but they haven't got their target funds ending up scrapping it. and whats more, once you received those tokens, the value already decline to as much as 5-10% of ico price, now where do you want to go in this kind of blunder? unlike those days, sig campaigns are mostly btc-paying campaigns. you will hardly see that now.

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Vilagra
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December 16, 2018, 12:02:52 PM
 #62

My opinion is that they should pay the bounty hunters, even if they didn't reach the soft cap.
The best would be at least two bounty campaigns during the ICO, so they could pay the first bounty and the tokens could start to be traded and possibly attract more investors.

"should pay" - What should they pay you, if the project didn't reach softcap and they closed project? They can send you their tokens which are worth of 0 and what will you do with those tokens?

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fortunecrypto
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December 16, 2018, 12:18:45 PM
 #63

You should name names or drop these people who scam bounty hunters and if they are bounty managers that is offering bounty management then they deserve to be red trusted, there are still a lot of campaigns like these now, they are afraid that bounty hunters will dump all their shares, they do not have confidence in their coins, that if it is dump, there will always takers.

Rambukwelle
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December 16, 2018, 12:40:02 PM
 #64

It has been really hard for the Teams to collect needed funds from the ICOs these days since lotf of Investors are not interested in Buying from ICOs. In this scenario it is highly natural that ICO Teams are never comfortable with Bounty Payments with the amount of funds they getting collected.

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nicster551
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December 16, 2018, 12:46:18 PM
 #65

Looking at the situation at hand now in cryptocurrency bounty hunting case, we could all see that bounty hunter has turn to a cage of war between dev and hunter these days and that really gives me concern.

Doing bounty does mean that bounty hunters are useless or something cause the way and manner developers are handling hunters now gives a very wrong signal and I see this technology as a way forward for all not a mix to scam people or get rich over night.

Though the technology is decentralized and more why we are having issue as the developer can't be sue or sue , so any bounty that hunters participate in is not a contract as we do have a clause in the terms which says " the team can change the rules any anytime " which make the whole contract useless and not legal as both party have right to decide what is good for the project after the first agreement is sign and if there must be a change them there must be an agreement between the two party not that one party will just decide on what he think will favour him alone and will now point out to the clause that say " they can change the rules anytime" 

Imagine a project who lock bounty reward for 90days base on agreement and even after that time they never release it and keep posting the hunters.

Imagine a project that assign 3% of the total supply to hunters and only used 1% and after the hard work of the hunters completing the task stipulated in the rules , the team change the rules and reduce the reward from 1% to 0.07% , like the real reward is 1M and was reduce to 70,000 for all bounty hunters .

Allowing this type of things happening and going Scott free is dmagi g the image of this great technology and making it look to newbies as a scam when many are still agitating and we that are in this space still give them chance to bad mouth our great community which I think need a very urgent attention to curb all scam project .

I think it is because when the project was a success and it raised so much than expect, then devs usually are getting greedy about it if they want to share it to the ones the helped them achieve it.
el_lobo
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December 16, 2018, 12:46:49 PM
 #66

I can understand that developers do not pay tokens if they have not reached softcap.
But i can not understand that some developers do not pay even though soft or hardcap has been achieved.
Currently bounty participants can not do anything about it and that is bad.
alberdina
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December 16, 2018, 01:05:17 PM
 #67

If the project has achieved Soft Cap sales, they must be able to pay the bounty hunter. But not all developers can pay for it, but there are developers who commit fraud. And things like that that sparked debate between developers and bounty hunters.

babykika2027
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December 16, 2018, 01:14:58 PM
 #68

before the market conditions are bullish, there have often been a number of bounties cutting allocations, pending payments, not even paying at all, etc. Even a successful ICO often happens like that, as a bounty hunter we must be prepared for such a reality
dabenko
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December 16, 2018, 01:21:26 PM
 #69

I have never seen a genuine project that does not fulfill it's promise as made concerning bounty hunters, expect for those that the team is fraudulent or that the bounty manager is a cheap. Then most times, the team of the project by themselves do the payment. Which is why i am always careful of the type of project to participate in.
hongus
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December 16, 2018, 01:27:16 PM
 #70

The problem is that normal developers follow the roadmap. The only thing that they can do is hold the project and not launch it on the exchange. All projects that lead debt payments cause no confidence. At the beginning they send tokens to the investor, they successfully sell them the price of a coin, and then the hunters get us the same 1%. Which is not worth nothing.

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December 16, 2018, 01:42:25 PM
 #71

I think because also of the market situation right now also some of the project didn't go that well. The developer also is following rhe roadmap and wanted to make it works but sometimes it affects also the financial status of the project.
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December 16, 2018, 01:43:06 PM
 #72

i hope it was not unintentional that they can't pay.. but thenm
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December 16, 2018, 01:50:54 PM
 #73

I as a participant of many bounty companies noticed that in this kind of earnings there are a lot of problems, and the most important of them is not the fulfillment of the conditions by the organizers of the bounty company. Very often there are cases when the participants of the bounty companies do not get anything for their work, or get very little. I think there is nothing we can do about it, it is on the conscience of the project team, and we should take it normally
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December 16, 2018, 02:10:54 PM
Last edit: December 16, 2018, 04:34:21 PM by Bennix
 #74

The developers find it difficult to pay hunters because of the inherent greed in them.Now,some developers are first class fraudsters to the extent that they will say there will be no kyc in the begining ,but at last they will introduce kyc,and this ugly trend going on has resulted in many hunters loosing their tokens.
Sometimes ,they reduced the percentage of tokens assigned to the hunters without reducing the percentage of their own allocated tokens.Sometimes, the say that hunters might dump the tokens once you  give them the real amount of tokens.The question is,are hunters percentage of tokens more than the developers percentage of tokens?The answer is no.I said no because hunters are given 2%,3% and 4% share of the tokens ,,while developers get like 20% share of the tokens.
So,it is high time people incharge take this issue very serious because some developers are subjecting hunters to inhuman degrading treatment ,and it is very bad.
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December 16, 2018, 02:40:33 PM
 #75

This year is very difficult for ico projects, if we talk only about good projects why they delay payments, then I have 2 reasons they are waiting for the market to turn around and begin a bullish trend , since the amount of fees in Ethereum was much higher than now , and the second they just do not want to pay the hunters

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December 16, 2018, 03:05:58 PM
 #76

I don't think it's too difficult to pay bounty hunters Smiley. Developer just need to pay enough amount of token that they promised right at the start of bounty campaign with a public final spreadsheet to let all bounty hunters know amount of token will they get. Bounty hunters don't really care too much about the price of token increase or decrease, they care about they'll get which they deserve.
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December 16, 2018, 03:31:36 PM
 #77

Even if the bounty is 1% or 3%, then the ICO is done. Depending on the success of each project, they find it appropriate to pay the token they originally promised. There are many projects after the ICO did not reach the desired amount. And they really do not want to pay the bounty hunter
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December 16, 2018, 04:22:26 PM
 #78

I think in the future the bounty rules will be changed. Bounty hunters should be protected from fraudulent projects and should receive their reward on time. Developers need bounty hunters to attract new investors to their project. I think that in the future it will be possible to create a similar model and then everyone will be comfortable to work.
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December 16, 2018, 04:46:12 PM
 #79

there's a bounty that i joined change their rule from paying after 1 month of end ICO become paying it 4 times in spans of 3 month and they only paying it twice and there's no explanation anymore from DEV.
we bounty hunter can't do nothing about it since there's no regulation regarding bounty.
they can change the rule whenever they see fit and that's really put a bad taste in bounty hunting.
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December 16, 2018, 04:55:00 PM
 #80

I would like to know too ... It is true that many ICOs and related bounties were conceived during the boom period, when whatever was done generated interest and money.
Now the ICOs no longer clarify anything, and as a result do not pay the collaborators.

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