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Author Topic: What happens to unshared bounty tokens?  (Read 6434 times)
Bonwin (OP)
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January 17, 2019, 09:40:43 AM
 #1

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?
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January 17, 2019, 09:56:22 AM
 #2

I totally agree with you on that to enhance rewarding the few ones that do their task diligently but I think the team and bounty manager would prefer the former in order for them to get some free tokens/coins for themselves which I think is unethical hence bounty managers should start having the unbiased interest of bounty hunters at heart
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January 17, 2019, 10:06:57 AM
 #3

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.
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January 17, 2019, 10:10:32 AM
 #4

I think each team from each project has a different reason, but the reason that often arises when tokens are not shared is due to bad market conditions, and they wait for the right time to share them and enter a stock exchange.

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January 17, 2019, 10:14:56 AM
 #5

It's better for you to ask the past manager of the campaign that you've been with.

It will be easier for you to find out on where are those undistributed tokens are. But I also doubt it that he will you an answer because its quite a very controversial question to ask if its about the compensation or budget of the project. Although, I believe also in transparency.



 

 

 

 

 

 


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Muzika
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January 17, 2019, 10:32:13 AM
 #6

sometimes the unshared token will be on the team still, the other team are dividing the tokens, for example for the 10 persons who joined and only 7 who passed the kyc the allocation of the 3 person will be added for the shared token of the 7 person. it is still depends on the team decision.
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January 17, 2019, 10:43:55 AM
 #7

The token that has already been calculated and then the participant is proven to be cheating, then the token will return to the dev itself, because they have the right to hold it, if for the advice you gave it is clearly good and has been applied to several projects, I agree with your suggestion.
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January 17, 2019, 10:55:24 AM
 #8

I think each team from each project has a different reason, but the reason that often arises when tokens are not shared is due to bad market conditions, and they wait for the right time to share them and enter a stock exchange.
It is not about the right time to share the tokens, but that the tokens should be given to those who have taken their time, effort and resources to promote the project.
Which is why some of these cheater cannot afford to comply with the kyc process, because they know that they will not be able to get tokens on all their cheated accounts.
So the advise given by the OP is a very good one and I believe this should work well in the interest of the diligent bounty participants.
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January 17, 2019, 12:01:02 PM
 #9

The token that has already been calculated and then the participant is proven to be cheating, then the token will return to the dev itself, because they have the right to hold it, if for the advice you gave it is clearly good and has been applied to several projects, I agree with your suggestion.
Really? Not sure if the developer had all of the tokens since there will be a dividend amount for the developer itself.
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January 17, 2019, 12:06:19 PM
 #10

you need not worry about these small amounts of possibly unallocated tokens that remain from the cases you mentioned here. because there are lots of shady stuff going on with all of these "bounty tokens" and majority of the coins distribution is unclear. it is so easy to own the largest amount of the tokens for the creators with fake accounts and then dumping them at best time to crash on you.

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wavug
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January 17, 2019, 12:35:04 PM
 #11

In my opinion, if someone is convicted of cheating or dishonest work, his tokens should be distributed among the other campaign participants, in the same way, if this person hadn't registered and participated in the bounty campaign at all.
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January 17, 2019, 12:55:55 PM
 #12

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.

Correct, mostly if ICO have allocated tokens for bounties and not distributed for some reason, they are usually burned by the projects.

As far as cheating though, those bounty hunters are just wasting their time. They're going to regret because I'm sure that it's difficult to swallow that at the end of all the hard work you've done, you will not received your tokens. Moral lesson, don't cheat and follow the rules.
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January 17, 2019, 12:59:54 PM
 #13

I think each team from each project has a different reason, but the reason that often arises when tokens are not shared is due to bad market conditions, and they wait for the right time to share them and enter a stock exchange.

I think it's all just their excuse not to share gifts and wait for all that to be good, if the tokens they have are of good quality on the market, they need not be afraid to share them with bounty hunters, because I think if there are no hunters, project awards they will never succeed.

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January 17, 2019, 01:11:44 PM
 #14

Had an experience, that after all what you mentioned, tokens were recalculated in accordance with new stakes.
But it was exceptional case.

Officially tokens must be burned. Unofficially they are spitted between bounty managers and devs (IMHO)  Roll Eyes
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January 17, 2019, 01:29:43 PM
 #15

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 think it happen in two different things! if the distribution is done with the team ofcourse the unallocated tokens will stay to them and if the distribution was done from any Bounty marketing company im sure it will stay to them thats why sometimes some unspent or balance token was used again for another round of Bounty. thats only my analogy about the situation.
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January 17, 2019, 01:47:14 PM
 #16

I think most of the unshared token will be burned but sometime I think it will be give to the bounty manager who manage the bounty campaign. I mostly encounter this kind of situation where there are many tokens left but there are time that the project team will take it and then they will locked it.



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January 17, 2019, 02:46:02 PM
 #17

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?
It is done intentionally to give out little tokens to bounty participants, they know what they are doing, a good bounty manager would have removed and disqualified undeserving participants before sharing stakes if otherwise then the manager and the team did it to reduce token to be given.

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January 17, 2019, 02:55:38 PM
 #18

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?

If there is a specific bounty campaign budget, some projects divide it to participants. Others, burn the remaining unclaimed tokens to increase the value of the coin in the market. Somehow I agree with you but again, this solely depends on the team running the project.
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January 17, 2019, 02:58:31 PM
 #19

They will burn unsold and not distributed tokens. So they will reduce the total circulating tokens and that means higher possible price for 1 token.


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carrigan
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January 17, 2019, 03:08:51 PM
 #20

I have every experienced it for several times. At this time, we have no choice to make it better. I have participated in some bounties and some of them were scam or even failed. Then, I didn't get the tokens or coins. This is one of the risks that we can face. Therefore, we must have better and more careful strategy in choosing the right bounty.
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