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Author Topic: Locking Bounty Rewards To Avoid Dumping  (Read 1947 times)
Falgorn
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April 13, 2019, 07:31:16 PM
 #341

I nevertheless admit the possibility and necessity of blocking our tokens in wallets for some time by the ICO team in order to avoid dumping the prices of new tokens. Now we see that almost all new tokens, as soon as they hit the exchange, immediately fall in price, and not at times, as before, but hundreds and thousands of times. The point in this case is not a bad team work. The reason for this is low investor activity and still in a poor state of the cryptocurrency market. Therefore, I am ready to wait a little in order to be able to make a good profit in the future.
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April 13, 2019, 07:39:56 PM
 #342

Actually i dont like locked reward, this is bad option, Yes i agree team should think another ways to avoid dumping in market, The team earn so much money from investor, they can use that funds for buyback, or doing monthly airdrop for holders, so people will buy it and many more. And they should know, not bounty hunter make it dump

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igor.vanyutin.83
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April 14, 2019, 03:06:06 PM
 #343

This won't solve the problem my friend. In the best case this decision will only postpone the token dump. But in my opinion a much better solution would be to pay hunters with collected funds like ETH or BTC, to eliminate this problem completely.
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April 14, 2019, 03:47:17 PM
 #344

At first, I think the same too
Hunters make the project value dump, but after realize so many token get dump even without hunter get token first, I think so many reason why the project get dump
First, the investor dumped their token, sounds funny but in fact it happens
Second, the project isn't good enough to attract people or investor when launch on the market, so yeah the price is definitely dump
Third, project didn't get enough demand cause investor realize isn't good to put their money there and so many various reason

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April 14, 2019, 04:49:38 PM
 #345

Maybe not only you who experience events like you. I have tokens but until now they cannot be sold even though the token is already listed on the market. They have locked the tokens because they want to keep prices stable. But in my opinion this is not effective because of the growth of tokens because of the solid Team.

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April 18, 2019, 12:03:22 PM
 #346

There is no point locking the bounty rewards to avoiding dumping, If the project is top class enough the price of the token will always find it's way back up, but if they project behind the token has no value it will still get dumped eventually even though  bounty tokens are locked.

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April 18, 2019, 03:13:09 PM
 #347

To avoid dumping of tokens the developers or the team must give a separate payment to bounty hunters on their rewards on promoting the project.Because bounty hunters are always the reason why tokens dup but for me this is not accurate because investors are the first to have the tokens and they rush sell tokens if they saw no chances to grow its value.

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April 18, 2019, 03:20:00 PM
 #348

There is no point locking the bounty rewards to avoiding dumping, If the project is top class enough the price of the token will always find it's way back up, but if they project behind the token has no value it will still get dumped eventually even though  bounty tokens are locked.
but locking a token for a bounty hunter really means a lot to the price stability of a good project. where today I see a new project that has been registered in exchange for a fairly stable, but they have not distributed rewards for bounty hunters. after distribution for the part of the bounty, the price decline is very drastic. in fact it does happen that way, and we can now see the market of these assets.

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April 18, 2019, 03:23:01 PM
 #349

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  Grin

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.

Looking at it from a practical approach teams should be focused on providing their communities with value. An incentive to hold their coin - whatever that may be.

As soon as you try and game the market and restrict freedom of trade then you lose. Imo.

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April 18, 2019, 03:30:01 PM
 #350

Some projects have their own norms and rules. So they lock bounty rewards in a bid to prevent prices of their projects falling right after hitting exchanges. They do so just because they think that they are bounty hunters who promote fall in the price of their projects just after exchange listing. But I think it is not the matter. If one has a good project, it will grow over time no matter bounty hunters sell off their rewards right after exchange listing.

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April 18, 2019, 03:34:01 PM
 #351

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  Grin

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.
I also think so. The effort to promote is not underestimated and they deserve what they have after each campaign. We should have a certain balance and should not be too important to investors. that will bring positive effects to the project.

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April 18, 2019, 03:38:30 PM
 #352

Whenever I see bounty is been locked to protect coin price from dipping, I smile and laugh since its a total bluff. So far as you will lock the coin forever just forget it. Look for another way to stabilize coin rather than locking. Bonuses given and buy back could be looked at.
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April 18, 2019, 03:40:41 PM
 #353

It is not a bad idea to lock bounty rewards, if it helps avoiding dumping, but company should mention it in their bitcointalk thread and website, so that bounty hunters should know it before joining bounty.

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April 18, 2019, 03:43:40 PM
 #354

Whenever I see bounty is been locked to protect coin price from dipping, I smile and laugh since its a total bluff. So far as you will lock the coin forever just forget it. Look for another way to stabilize coin rather than locking. Bonuses given and buy back could be looked at.
such events are a form of unpreparedness from the market that is built on existing communities. the team had built a community of their token holders, but the development team forgot to build their market community too. there is no market purchasing power that keeps prices down. everything is not wrong from the bounty hunter. therefore the bounty hunter reward key is done, even though it's not a good solution.
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April 18, 2019, 04:05:00 PM
 #355

It is not a bad idea to lock bounty rewards, if it helps avoiding dumping, but company should mention it in their bitcointalk thread and website, so that bounty hunters should know it before joining bounty.
These days most of the bounties distribute the tokens after specific time period. Earlier participants weren't that aware about the price dumping, now everyone have known much about the delay in the distribution. These days Telegram channel from the respective project give regular updates on the distribution of tokens which is truly fair.

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April 18, 2019, 04:15:53 PM
 #356

I have always said this, it is not the hunters fault for dumping but even some hunters blame themselves for dump which is bad.
Bounty allocation is just a small part than what is from the investors so blaming the dump from the bounty hunters is really a damn stupidity.hunters are being paid so late these days and the investors has already dumped their tokens/coins before hunter does so what is this blaming?blame the investors and praise the hunters who work to be popularized those projects
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April 18, 2019, 04:55:26 PM
 #357

Bounty hunter get 2 to 5 % of the total coin allocated.  So they are not the real number behind dumping. The problema is that actual investor is in fear that if he hold for Long Then he loose all this money. So instead of waiting they are trying to recover whatever they can. If promoter are thinking that bounty hunter are behind this Then they must give Edward in some other form or ready to give 5 or 10% Edward for holding during particular time And Then give back to promoter

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April 18, 2019, 05:13:07 PM
 #358

I think each developer token has a strategy to maintain his tokens. but I think not all bounty hunters are the main cause of the token price being a dump
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April 21, 2019, 07:33:46 PM
Last edit: April 21, 2019, 09:07:19 PM by 0xmiau
 #359

I do not understand how locking a bounty thread  can even affect anything at all. Reports are sent to the bounty branch, even after the bounty has ended, what prevention of price fall can we talk about ...

LOOOOL, locking the rewards not the bounty thread, bro!  Cheesy Cheesy
You gave me a good laugh.  Cheesy

Price of the token won't be affected in any way if their bounty thread is locked, OP meant locking the bounty tokens sent to bounty hunters to prevent a dump because they can't sell for a fixed time after they received their rewards.

I think it was just a confusion, does it make more sense to you now after my explanation?

Oh yes, my mistake, I did not correctly read the name of the branch, haha. I apologize for this embarrassment.
Hey! Thanks for your response. The majority of the users don't read if anyone replies after they submitted their posts, so I'm pleasantly surprised by your answer. Smiley
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April 21, 2019, 08:12:29 PM
 #360

It's the nature of bounty campaigns that participants will dump tokens, especially of campaigns of questionable tokens. If an ICO raises a sufficient amount of money and its token has massive liquidity, the actions of bounty hunters on the project will be negligible. If bounty hunters are so detrimental to a project, then more than likely the issue is with the project itself.
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