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Author Topic: What happens to unshared bounty tokens?  (Read 6439 times)
OluwaTosin10
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January 18, 2019, 08:24:14 PM
 #81

There are different answers to this question
But since the bounty managers usually sends the spreadsheet to the project team for distribution(most cases)
We can assume that unshared bounty tokens are burned
Ultimist
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January 18, 2019, 08:47:45 PM
 #82

I also think that it would be better to distribute these tokens between the other bounty hunters, who worked well throughout the company. In any case, I think that they are distributed on a good cause. Either in reserve, or the developers will dispose of them as something else for the benefit of the project.

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January 18, 2019, 09:59:36 PM
 #83

There is no evidence as to whether these tokens are burned by the team of the project or not.
Had it been the evidence of burning is given, then there would have been transparency, but most times, if you ask them, they tend not to give you a clear answer to it.
I am even assuming that, one might be told that if is already written, that the have the right to change rules.
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January 18, 2019, 10:06:30 PM
 #84

Most crypto projects fail to bring light to the financial data so this kind of speculation arises.
MonaLeeTracy
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January 18, 2019, 11:11:09 PM
 #85

It seems to me that everything that is not distributed goes to the profit of managers. I don't think they return coins. Well, this is of course just my opinion.

I think so too. Indeed, with the coin not being shared, the manager will certainly get the advantage, so the benefits we should get will not be available to us.
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January 18, 2019, 11:19:43 PM
 #86

I agree with you, as there are a lot of bounty managers and everyone can do as he wants. I think a General rule needs to be introduced.
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January 18, 2019, 11:28:41 PM
 #87

Most crypto projects fail to bring light to the financial data so this kind of speculation arises.
And, what can you contribute to this kind of problem? Or what can you suggest to stop this phenomenon?

This is all about how greedy the dev team or lacking some knowledge to continue their project that's why it happens most of the time.

Bounty shouldn't cheat in the first place as what the rules mentioned but some of them are too greedy too and that's their fault.

They just throw away their hard work to nothing because of their greediness.

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January 18, 2019, 11:31:58 PM
 #88

There are different answers to this question
But since the bounty managers usually sends the spreadsheet to the project team for distribution(most cases)
We can assume that unshared bounty tokens are burned

I don't think it will be burn, cause it's not usually counted on the rules. As long as the bounty manager provide txhash or transaction id allocation history ( stands as evidence ), he can manipulate the unallocated crypto tokens. And its up to him if he keep it or return it to the project it self. ( Sound like extra income and it possible to be greed of course. )
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January 18, 2019, 11:37:07 PM
 #89

Most crypto projects fail to bring light to the financial data so this kind of speculation arises.
And, what can you contribute to this kind of problem? Or what can you suggest to stop this phenomenon?

This is all about how greedy the dev team or lacking some knowledge to continue their project that's why it happens most of the time.
Financial support is probably the main reason for not continuing the project even they are legit( to see). As the market declines a lot of ICO's were failing cause they  can't eventually raise enough money to support for their project and even can't pay for their promoters.
Not to say that they greedy but they are concern of the possibilities of what will happen in the future if there is no huge capital to run with. But it is disappointing that they don't speak to the community of their status and its transparency.

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January 18, 2019, 11:41:29 PM
 #90

There are different answers to this question
But since the bounty managers usually sends the spreadsheet to the project team for distribution(most cases)
We can assume that unshared bounty tokens are burned
The team will burn the token from the crowdsale only, i meant if there will be token remaining and it will be used for marketing purpose in the future, So many teams were not burning their bounty token if not all of the amounts are being distributed to the campaign.

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January 19, 2019, 12:36:23 AM
 #91

I am agree. Before distributing the stake, bounty manager should integrating between KYC and KYC approval. Right now, looks reward from unqualified hunters KYC, back to developers team and for development the project.
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January 19, 2019, 02:37:02 AM
 #92

I totally agree with your suggestion TS to do the screening first before computing the stakes. We are joining a Bounty hoping that we can have maximum compensation that we can have but because of these cheaters, the stakes sometimes divided and what you will get is just a little portion of it. Though some checkers work hard to disqualify proven cheaters before the distribution of stakes but not all checkers are like that.
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January 19, 2019, 02:52:13 AM
 #93

This is a bad scheme employs by bounty manager, they should first do the KYC screening before the bounty hunters start campaigning and not after so the bounty hunters will not waste his time, this bounty hunters should be tagged for implementing this .

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January 19, 2019, 11:19:49 AM
 #94

Have you ever asked yourself this question?
What happens to unallocated bounty tokens?
There have been several bounty campaigns where some participants do not qualify after being screened, such as those who fail to pass the kyc due to multiple accounts or other reasons, detected bots or cheaters who use other people's details.
Most times, stakes would have been calculated and tokens allocated on the spreadsheet to be submitted for distribution, before the screening process is completed. Which then means that some tokens will be left undistributed.
Where do these tokens then go to?

In my opinion, in order to reward the faithful and sincere hunters, I want to suggest that all the screening should first be completed, before stakes are calculated and prior to allocation of tokens to bounty participants.
So stakes should not be calculated for cheaters.

This is just my opinion, it is opened to discussion.
What do you think?
I also supported what you said about stakes not to be calculated before screening process are completed because the failed participant's token ought to be share among the genuine bounty hunters. This is why every bounty hunters must first put the bounty manager experience and reputation into consideration before joining any bounty. However, this why is choose to work iwantapony.

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January 19, 2019, 11:25:55 AM
 #95

I totally agree with your suggestion TS to do the screening first before computing the stakes. We are joining a Bounty hoping that we can have maximum compensation that we can have but because of these cheaters, the stakes sometimes divided and what you will get is just a little portion of it. Though some checkers work hard to disqualify proven cheaters before the distribution of stakes but not all checkers are like that.
The risk of following a bounty is that we don't get paid, it happens to lots of bounties. In the beginning, we certainly felt interested because there were so many good offers, but many bounties were running away because the developers did not run the projects they had. This is a risk that we can achieve, but if we choose the right project, we can get good results. Choose a bounty that does have the possibility to get success, when the project won the hardcap then we had a great opportunity to reach the bounty with tokens fairly and well.
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January 19, 2019, 11:54:05 AM
 #96

I think those tokens will be reserved for their team and they will sell it when it has the  high value. They have many reasons for this, we can't interfere with it and hope its price will go up
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January 19, 2019, 12:03:34 PM
 #97

Agree on this, there are so many tokens who were left undistributed.
Some Team do tell what will happen to those tokens or get another bounty plan.
But some are not and they dont lend time to participants.
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January 19, 2019, 12:19:40 PM
 #98

I am agree. Before distributing the stake, bounty manager should integrating between KYC and KYC approval. Right now, looks reward from unqualified hunters KYC, back to developers team and for development the project.

I hope to overcome that from the crypto market for the prices of altcoin that are very low, and that happens. That may be different if the previous fluctuations were not so heavy, and I am very sad for that problem  Cry

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January 19, 2019, 12:29:33 PM
 #99

From my experience, undistributed tokens from bounty campaigns were either considered as unsold tokens and burned or they were returned to reserves.

Those tokens should be redistributed to the legit bounty hunters.

That's right, it is possible that it is impossible to get rid of it from somewhere and I don't expect it to lose anyone's money, I hope someone can do anything to handle it. Chances are that it is good, but now I only see the bad side from it  Embarrassed

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January 19, 2019, 12:35:24 PM
 #100

Basicly team keep this amount for own purposes or sometimes burn as unclaimed tokens. In recent  times there are cuts of pools in case of small amount of participants. Bounty management don't respect community and always prolong bounties and cut rewards!

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