Locking Bounty Rewards To Avoid Dumping

[BitcoinHunt3r]

As we know some bounty reward is only a little percent from total supply, actually what developer think about bounty hunter is problem from a dumped price is wrong. They should look from Investor side that they join presale and get a lot of bonus. As long they can get profit, they will dump and change to new project.

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[gidaahmad]

All depends on the approval of the bounty manager and ICO developer. With locking bounty rewards, maybe they will more easily distribute the amount in clear rewards. And of course the bounty tokens will not make the ICO end dump, because the bounty allocation is only a little of the total sales and total supply coin.

[awazieik]

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.

Truth be told that bounty hunters do dump their coins to make profits which is not a bad thing. I believe that it's not easy to avoid price dumps but business should focus on developing and improving on product

[abstractednerve]

Yes, It has been widely proved already that bounty hunters are not the real dumpers, its investors! A lot of projects still haven't distributed bounty tokens yet and some of them has paid but locked for 3 months to six! But still, their coins price has tanked badly! I would mention Wemark's coin name and also Elysian, Envion and many more! Recently Bidooh coin's price was highly dumped before the bounty distribution and even after the bounty distribution, the situation is still the same, not worse! So, this needs to be spread that bounty hunters are not the real dumper!

[reality18]

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 is just a misconception when the dumping of a coin on the market is attributed to bounty hunters. It is clear that bounty hunters often hold the least percentage share of the total number of coins generated. Sometimes, bounty programs are awarded just 1% to 5% of the entire coin generated. How can such a small percentage dump about 95% to 99% of the total coin? This raises the concern that the dumping of a coin comes from the larger share holders who are the investors and team members.

[inanilujimi]

it is fitting that we do not blame each other between investors or bounty hunters because both have their respective roles in the ICO project.
sometimes the TIM which limits both of them is a project that is not confident about how the project is progressing.

[CryptoHunter24]

It is not even fair to blame bounty hunters when their coins dump, why always bounty hunter? Is it because it comes from free? Well, not all bounty hunters are dumper, actually, hunters care for every project as they work hard for it in months, but the matter is the bear market and the project itself. Even you lock the token the whole time, it will be dump still and I don't agree on locking of tokens.

[ricardobs]

I think it is actually a good idea to lucky bounty reward given to users so that they are not going to dump the coin on exchange because most bounty hunters don't know the value of the coin given to them so they dump the coin at any rate of their choice making the coin worthless for those who actually made purchase of the coin.

I believe it's a very good idea to lock down bounty reward for a while after coin as been listed, so that they can now sell their token based on the price they meet in the exchange.

[asriloni]

As we know some bounty reward is only a little percent from total supply, actually what developer think about bounty hunter is problem from a dumped price is wrong. They should look from Investor side that they join presale and get a lot of bonus. As long they can get profit, they will dump and change to new project.

Locking the bounty payment will not help a lot. So many times, new tokens need a lot of liquidity to protect it. Look at some new altcoins like BTT and fetch ai. Both have already gained a lot of liquidity from majos market and it can protect the price or made it even more.

[cryptowolfsu]

I also participated in a project where they locked/postponed bounty and bonus distribution and the dumping
still happened. I agree on that that they should find other ways to protect the price from dumping like holder
bonus or buyback or other motivation.

[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.

The main reason is that there are no buyers. The situation is very complicated, and it causes investors to be afraid and give less space to new projects. The investor investing in the ICO and thinks that he will get profit after listing. But, on the contrary, when he sees that there is not a buyer, he sells because of fear.

[949miner]

Locking up Bounty rewards is usually a dumb thinking on the side of crypto project managers and their team. Dumping is mostly caused by too much circulating of the amount of the coins or tokens. Generating huge number of tokens and distributing large portion of the tokens to both bounty hunters and investors usually are the cause of dumping. If this problem is not addressed, dumping will always exist. 

[Akoldi_ibk]

I do not care about this locked or unlocked bounty rewards issue. Most of these tokens are not even listed at all for months now. So, bounty hunters should not be blamed for any price dump.

[rjp55]

Bounty rewards is just a little part of the reasons why dumping happening. So that won't help i think.

They should not pay excessive amount of tokens to freelancers, advisors, partners and etc. also they should not give private parties %300-500-1000 bonuses, that would help stopping dumps better.

[electronicash]

you would have to bear in mind that investors invest not just because they believe to the project but also they want profit. it won't matter how much they like the project but its always about accumulating more of the tokens and then wait for the price to rise up. OP might just be referring to the EOSEX.com project which an individuals can now buy more than millions with just less than a hundred USD.

[beeelzebub]

That is a horrible way to avoid dumping.

Because all people who will think about buying will now there are bounties frozen and he will wait until they are unlocked. So there won't be any volume or anything. It is best to deal with it at start and everything can go better after that.

[betty11]

Locking bounty rewards for hunters in a bid to avoid dumping is an ill conceived idea that should be discontinued. Reason been that: bounty reward is a fund meant for marking purpose, and I think it's a wrong idea to delay payment of the people that ensure massive publicity of a project in other to attract investors. If the team feel bounty hunters are the problem of their project price growth, they should consider paying hunters with a stable coin.

[s4mp1nt0]

why they locked it in the first place. they promise to pay the bounty hunters to advertise their ico. its just a little of 1-5% of the total supply it will not cost anything in the market.

[pieppiep]

Locking bounty rewards for hunters in a bid to avoid dumping is an ill conceived idea that should be discontinued. Reason been that: bounty reward is a fund meant for marking purpose, and I think it's a wrong idea to delay payment of the people that ensure massive publicity of a project in other to attract investors. If the team feel bounty hunters are the problem of their project price growth, they should consider paying hunters with a stable coin.

What coin do you mean stable? USDT? I don't think it will be possible because if they use other coins to pay bounty campaign participants it will make the ico project become a loss, payments are usually different if they use their project tokens.

[bitcoin31]

Locking bounty reward in my opinion have good and bad effects to the hunters and the team.

It can cause trouble between the hunters and the team of the project but not all against of that. But it's right the hunters to gwt their reward to the exact date when they implenting rules in bounty. Make sure all the rules will implement in the first day of the bounty to not having a problems in the end.