Locking Bounty Rewards To Avoid Dumping

[ongkok87]

locking the prize is indeed important but there must be a number because if we lock too long then the token that gets from the prize is of no value anymore. so if you don't want to regret, don't lock it for too long, in my opinion

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[aemma]

Yes, they keep thinking bounty hunters are the reason for the dump in price whereas that's not the truth. Many projects are now doing this, and the funny thing is, the token still dump far below ICO price. The team focus should be on developing or improving their products not the other way round, as dumping will still happen, but once the project have a solid use case or the team working towards their aim, the price will start rising again.

[ajdaj]

Yes, they keep thinking bounty hunters are the reason for the dump in price whereas that's not the truth. Many projects are now doing this, and the funny thing is, the token still dump far below ICO price. The team focus should be on developing or improving their products not the other way round, as dumping will still happen, but once the project have a solid use case or the team working towards their aim, the price will start rising again.

in any case, if tokens are blocked, the team has its own plans for the development of the project. therefore, there is no point in worrying about your rewards, because Bounty Hunters will therefore be able to trade these funds without problems.

[spydee1522]

I wonder why mostly investors and project managers always blame bounty hunters for dumping, no bounty hunter after his or her hard work on a project for months will just dump for some penny whiles he or she knows holding is the key to soar higher. There are a lot of projects out there with bounty rewards locked yet there is still dumping. Who is dumping? Let the bounty hunters have their peace of mind.

[sertans]

Bounty hunting is a kind of part time job for most of the people. I believe if projects thinking that bounty hunters are always dumping their coins then they need to pay bounty any other liquid tokens this can be ETH, XLM, LTC whatever they want. This is the best way for both side.

[natka]

Bounty hunting is a kind of part time job for most of the people. I believe if projects thinking that bounty hunters are always dumping their coins then they need to pay bounty any other liquid tokens this can be ETH, XLM, LTC whatever they want. This is the best way for both side.

I certainly understand what you are saying. But it seems to me that the developers of many ico companies are trying to sit down with one ass on several chairs. Of course, from a theoretical point of view, they will be very much expelled to the participants of the Bounty company in Bitcoin or ethereum, but in practice this will not happen, because it is much more important for them to save the funds received from investors than worry about their project.

[Averim]

So there's this campaign that I've participated that locked bounty rewards in the hopes of avoiding token dumping. As what I expected, the dumping still happened. What's even funnier is that it is now the bounty hunters who complains unlike before where investors blame bounty hunters 

If there's any coins or tokens that should be locked, it should only be the team's share (or maybe add those given to advisors). Both parties (investors & hunters) have invested either money or time to get their share and they should not be subjected to such restriction.

Instead of locking, teams should just concentrate on other methods such as buy back and loyalty rewards to lessen the chances of price crash.

It has to be a strong connection between all parties: team, hunters, investors so they all action in the behalf of the project.

[Kelvinikke]

I don't think locking up bounty hunters alone is the solution to solving dumping of cryptocurrencies when listed on exchanges. I think it is good if project managers distribute tokens to both investors and bounty hunters in ratio with the ratio of investors being slightly higher than that of investors.

This might sound weird but trust me both investors and bounty hunters dump coins sometimes especially when they don't see the reality of the project.

[Thomas-s]

I wonder why mostly investors and project managers always blame bounty hunters for dumping, no bounty hunter after his or her hard work on a project for months will just dump for some penny whiles he or she knows holding is the key to soar higher. There are a lot of projects out there with bounty rewards locked yet there is still dumping. Who is dumping? Let the bounty hunters have their peace of mind.

I, too, during the years of work in the bounty campaigns, understand that bounty hunters are not the cause of the price dump of new coins

[CLywaTeLb]

So there's this campaign that I've participated that locked bounty rewards in the hopes of avoiding token dumping. As what I expected, the dumping still happened. What's even funnier is that it is now the bounty hunters who complains unlike before where investors blame bounty hunters 

If there's any coins or tokens that should be locked, it should only be the team's share (or maybe add those given to advisors). Both parties (investors & hunters) have invested either money or time to get their share and they should not be subjected to such restriction.

Instead of locking, teams should just concentrate on other methods such as buy back and loyalty rewards to lessen the chances of price crash.

It has to be a strong connection between all parties: team, hunters, investors so they all action in the behalf of the project.

That would be great. But often locking bounty rewards is just a ploy to make time to off into the shadows.

[Mila52]

Dumping coins and its subsequent dump  by hunters is a fallacy. As already mentioned above, hunters get 1-3% of the pool. Even locked bounty rewards does not stop the dump. If the project is promising, often early investors, acquiring coins at a significant discount, will specifically dump them when coins enter the exchange to buy them at an even lower price.

[restuibu]

There won't be any guarantee that locking token rewards for bounty will prevent dump in the market.
They think the investors invested on their project will never sell their coin, but they are wrong.
Some whales investors may want to sell some part of their token to invest in another better project they just found.

yes you are right and some investors don't care about prices on market. they will sell it without thinking of a loss because what they sell is only bonus they get when they are pre sale or ico

[IVEXO]

To begin with, locking bounty rewards does not stop a token from dumping

F you need an example; you need to look at the foresting token
It has dumped while bounty hunters have not been paid

So is Ichiba coin

[mrdeposit]

So there's this campaign that I've participated that locked bounty rewards in the hopes of avoiding token dumping. As what I expected, the dumping still happened. What's even funnier is that it is now the bounty hunters who complains unlike before where investors blame bounty hunters 

If there's any coins or tokens that should be locked, it should only be the team's share (or maybe add those given to advisors). Both parties (investors & hunters) have invested either money or time to get their share and they should not be subjected to such restriction.

Instead of locking, teams should just concentrate on other methods such as buy back and loyalty rewards to lessen the chances of price crash.

There won't be any guarantee that locking token rewards for bounty will prevent dump in the market.
They think the investors invested on their project will never sell their coin, but they are wrong.
Some whales investors may want to sell some part of their token to invest in another better project they just found.

Although hunters do not do it in every project, but they are the reason for most of dump. Yeah, investors sometimes sell their coins, but because they think they are gonna get it cheaper. I have done this a lot of times.

[fuer44]

if the level of concern has started to be extreme, it's better to pay a bounty hunter with only USD, and let the tokens have good value and avoid dumping after listing. so that investors and teams get profits.

[kakade]

This is a job that is not easy for the Team to do, but they must continue to work hard to keep the coin price stable. If the token has been locked, I hope they can work creatively so it doesn't take long for the token to be locked. And after the key is opened, the price must be able to soar.

[cryptoblue77]

If it helps to stabilize the token price then it wouldn't be a bad idea, but they have to inform the bounty hunters beforehand. It would be wrong if bounty hunters not informed before and bounty rewards locked after ICO.

[fosco333]

So there's this campaign that I've participated that locked bounty rewards in the hopes of avoiding token dumping. As what I expected, the dumping still happened. What's even funnier is that it is now the bounty hunters who complains unlike before where investors blame bounty hunters 

If there's any coins or tokens that should be locked, it should only be the team's share (or maybe add those given to advisors). Both parties (investors & hunters) have invested either money or time to get their share and they should not be subjected to such restriction.

Instead of locking, teams should just concentrate on other methods such as buy back and loyalty rewards to lessen the chances of price crash.

If the dump still occurred when the token for hunters locked, then the dump is not caused by hunters.
The team must do something about their token, so the damage of the price can be recovered later.
There are too many ICO ended with token price crashed to the ground.

[Mrcharles]

Dumping is inevitable when the supply of a coin is greater than the demand. In fact, most projects are dumped by the team because of their selfish desire to take profit. To reduce the issue of dumping, the project should have a buy back plan to take their coin away from weak hands and use trading competition to drive the value higher.

[fallensky7]

Yes, I often hear this in different groups on a telegram. Basically, investors complain to the team to block the bounty hunters' coins, as they can bring down the price with their "5" coins. But this is a mistaken opinion! Bounty hunter is also interested in the growth of the coins that you received, since the time spent is as priceless as an investment (only investments can be returned, but time spent is never), and even earn 40 instead of the original 20 which is more attractive. Locking bounty awards does not affect the price