Bounty projects need to change approach to bounty allocations

[iconoclast]

This is a trend that happens a lot with bounty campaigns this days for blockchain projects, the truth is if a project doesn't meet its hardcap it is almost impossible to pay out the entirety of the bounty budget.

I think a change of approach should be adopted, projects should have a bounty budget that they will be capable of paying as long as the soft cap is reached.

This may mean a smaller budget but it also ensures hunters don't just join out of greed and spam repeatedly.

At the end everyone is happy

The most intelligent approach is to make the bounty a percentage of the money raised. That way you actually tie the interests of those doing the bounty with the goals of company. It used to be the most common approach to running a bounty campaign. Smaller budgets will only get you fewer participants. I know that I won't do small sum bounties unless the duration is really short (like 1 or 2 weeks) and the number of participants is small. The way to avoid spamming is to make it a fixed amount of stakes per week rather than allocating stakes for each post.

[blackhawkeye1912]

It is working well now because there is a softcap which is where the bounty will get paid, and it is only around 1 or 2 percent of the supply, not enough to dump the market. If it hits the hard cap, then hodl those coins for a long term gain

Yes there were project paying even soft cap reached, but not hard cap. But, the issue again here, why only some of ICOs doing this kind of payment procedure. This payment procedure should be at least implemented by 80% of the ICOs out there.

[kendra1107]

This is a trend that happens a lot with bounty campaigns this days for blockchain projects, the truth is if a project doesn't meet its hardcap it is almost impossible to pay out the entirety of the bounty budget.

I think a change of approach should be adopted, projects should have a bounty budget that they will be capable of paying as long as the soft cap is reached.

This may mean a smaller budget but it also ensures hunters don't just join out of greed and spam repeatedly.

At the end everyone is happy

Reaching the softcap is the minimum for any project to continue its operation along with rewarding investors and bounty participants but at a lower amount compared to reaching the hardcap. So it's not entirely a waste of money and/or time. Most projects do reach their softcap which is good. The big question is, will their project be a success in the long run? If it does, then price and value will increase and will give the project a stable position in the crypto space even though it was only launched on a softcap.

[Reid]

This is a trend that happens a lot with bounty campaigns this days for blockchain projects, the truth is if a project doesn't meet its hardcap it is almost impossible to pay out the entirety of the bounty budget.

I think a change of approach should be adopted, projects should have a bounty budget that they will be capable of paying as long as the soft cap is reached.

This may mean a smaller budget but it also ensures hunters don't just join out of greed and spam repeatedly.

At the end everyone is happy

Be on the same foot as them and you will understand.
You will pay something that failed. The money you gained from the contribution did not even meet the need to for the capital to start the project so what do you think will happen?

If all those money will be used for spending the marketing and advertising then what will be left out for the project? Payment for employees, advisors or the whole budget for ths team. Remember that they will run for 2 years before their own tokens are unlocked.

[liuqi]

Bounty allocation is split from many segment so most of the bounty managers are follow the same way. Nowadays participants are are never mind in bounty project so they are all joining 10+ bounty campaign so blindly stay in the Bounty campaign it is not increase the reputation in any projects so finally it is not reach the softcap and owners are left the project. It is totally waste time in recent bounty campaign my suggestion is participants are concentrate in your work surely some changes are possible in every week.

[olsyd]

Approach will change when projects will use escrow services for bounty payments and before that, the situation won't change

[missyqt29]

This is a trend that happens a lot with bounty campaigns this days for blockchain projects, the truth is if a project doesn't meet its hardcap it is almost impossible to pay out the entirety of the bounty budget.

I think a change of approach should be adopted, projects should have a bounty budget that they will be capable of paying as long as the soft cap is reached.

This may mean a smaller budget but it also ensures hunters don't just join out of greed and spam repeatedly.

At the end everyone is happy

I've experience a bounty where they are not following their own rules. In their bitcointalk thread, they've set a bounty allocation pool but in the counting of stakes, the bounty manager said that the percentage is already included in the stakes so everyone even with different campaign have the same equivalent stakes. I think it is a form of scam.

[rricksu]

This is a trend that happens a lot with bounty campaigns this days for blockchain projects, the truth is if a project doesn't meet its hardcap it is almost impossible to pay out the entirety of the bounty budget.

I think a change of approach should be adopted, projects should have a bounty budget that they will be capable of paying as long as the soft cap is reached.

This may mean a smaller budget but it also ensures hunters don't just join out of greed and spam repeatedly.

At the end everyone is happy

This is somehow good and somehow unacceptable in some points. I think decreasing the budget for bounty campaign will lessen the number of bounty hunters that will join the campaign. If there are less hunters, the project will not be advertise effectively. On the other hand, the good side is that, they will pay the bounty hunters surely.

[flying_bit]

This is a trend that happens a lot with bounty campaigns this days for blockchain projects, the truth is if a project doesn't meet its hardcap it is almost impossible to pay out the entirety of the bounty budget.

I think a change of approach should be adopted, projects should have a bounty budget that they will be capable of paying as long as the soft cap is reached.

This may mean a smaller budget but it also ensures hunters don't just join out of greed and spam repeatedly.

At the end everyone is happy

All projects I joined have a condition that if soft cap not reached then bounties will not be paid. Once soft cap reached then bounties will be paid. Also many have condition that only percentage of total token sold will be used for bounties and airdrops like for example even if Project X have 1billion token supply if they only sold 350million token and reached softcap then 10% of the 350million will be distribute for bounties not 10% of 1billion token supply.

I haven't encountered any project yet that have condition that they have to reach hardcap to distribute the bounties and airdrops.

[bisdak40]

I think a change of approach should be adopted, projects should have a bounty budget that they will be capable of paying as long as the soft cap is reached.

I agree with your though bud since it is now a trend that when a project does not hit it's projected hardcap the team will trim the bounty allocation which will make bounty hunters unhappy thus accusing the project as a scam. Allocating a fix bounty reward once softcap is reach is good and add bonus by percentage once hardcap is reached could make bounty hunters motivated to promote the project more. Hope to see this scenario soon.

[oneidentity]

I also think that the approach to bounty campaigns needs to be changed, because now it is difficult for projects to collect the maximum amount.

[babsjoe]

Well... as it is often said, innovation is the mother of necessity! The current market condition of cryptocurrency market require that project innovate or they become irrelevant! I have seen many project extending for a whole year wadting time and resources while they keep losing. I support the idea present by the op!

[chocopapaya]

Posts like this really show why people hate bounty hunters.

I would say, 90% of bounty programs clearly state how they will pay the bounty hunters.
Yet, bounty hutners still whine anyway.
Always blaming the ICOs and bounty programs rather than adapting themselves.

The most common way of distributing rewards is a percentage of tokens sold.
Most ICOs will have it right there on the website in the form of a pie chart, can't be more clear than that.
So if you didn't know that, why did you promote the coin in the first place?
Bounty hutners constantly promote coins they know absolutely nothing about.

So if the hardcap isn't reached, then the unsold tokens typically get burned, and you get paid the same percentage, but a less number of coins.

[BanaCrypto]

The reward undertaking may should be changed with new and important plans to show the task. This relies upon the reward administrators who put the titles and extra stipends previously the extra begins so the venture pulls in a bigger number of financial specialists

[zeze18]

This is a trend that happens a lot with bounty campaigns this days for blockchain projects, the truth is if a project doesn't meet its hardcap it is almost impossible to pay out the entirety of the bounty budget.

I think a change of approach should be adopted, projects should have a bounty budget that they will be capable of paying as long as the soft cap is reached.

This may mean a smaller budget but it also ensures hunters don't just join out of greed and spam repeatedly.

At the end everyone is happy

I think you could find the bounty like that.
Many projects served bounty allocation x% of their token supply no matter how much the token sold on ICO.

[#Darren]

It is a great idea and I think this approach would help us to protect the bounty hunters and the forum members from scam projects. Thanks for your advice and I hope the BTT team will make something to go in this direction.

[olubams]

This is a trend that happens a lot with bounty campaigns this days for blockchain projects, the truth is if a project doesn't meet its hardcap it is almost impossible to pay out the entirety of the bounty budget.

I think a change of approach should be adopted, projects should have a bounty budget that they will be capable of paying as long as the soft cap is reached.

This may mean a smaller budget but it also ensures hunters don't just join out of greed and spam repeatedly.

At the end everyone is happy

Your suggested approach is a workable one that needs to be considered really because the case of bounty hunters not getting paid as a result of the target not being is really alarming but again it won't solve the problem rather it would abate it a little because it would be like giving a free card to project that could not make the soft cap to just go free without paying. The lasting solution I see is the rejevenation of the crypto world where the trust would be returned but only given to those project that have proven themselves to be potent and everyone would be happy.

[antoarwadi]

The large number of ICO scams and bad news about the ICO project made many investors very careful in choosing the ICO project, plus a high hardcaps target, so that the ICO was difficult to succeed in achieving. and we bounty hunters are saddened by our hard work that sometimes gets no reward.

[thesmallgod]

The problem is that many project have already allocated a certain sum for bounty and ones the project couldnt make the actual amount require to carry on with the project, the amount allocated for bounty become so big that it can influence the price of the token and this is exactly reason why most token trade below ico price because the price become dumped. Most importantly I think ICO need to make bounty campaign much tight that only people that their work have bring the project more sales are rewarded and not those hunters that steal other peoples work.

[tamango]

I think that ico must use fixed payments for smaller task like some bounty0x campaigns where spam is strictly not allowed and quality of post is very important.