Some bounties have more than 5000 people participating in their Telegram campaign bounty (My case study) with total $20,000 in token to be shared.
Mathematically, when we placed everybody on a flat rate 20000 divided by 5000 will give us 4. This means each participants shall earn $4 for the duration of 4 weeks or more.
This type of overloaded bounty participants also cuts across all other bounties.
Should the bounty managers limits numbers of participants ? Or what do you think can be done to encourage bounty hunters ?
You can work on earning more merit. More merit means better opportunities here on this forum, or try your hand at trading, takes balls of steel though to sit and learn the whole thing from scratch.
I may be stuck at senior level, though I've been here for many years, I've learned that the merit system made it so you really have to grind to get good within the community and to reap the rewards on the solid campaigns. Many companies offer shitty bounty rewards on purpose for lower ranked members because of it's cheap labor, almost free in most case (ICO fails).
The second reason why hunters are getting bum deals is because of having little to no understanding of what it is exactly they're investing their time and energy into. They're fooled by the thread titles of the campaigns,
Example: "(
BOUNTY) $$$$$$$$$$$$$$$$$$ BIG PAYOUT$$$$$$$$$$$$$$$$$, JOIN SHITCOINS-R-US/ NO KYC, $100,000.00 CRAP DROP(AIRDROP)
!"
Most of the projects hunters join are clones or are a bad investment from the beginning. Due Diligence would help hunters sort lot of shit coins out from the real promising ones.
The projects team, their direct communication with their community, a solid white paper, an innovate spin on a blockchain concept (not a clone project), a believable roadmap and a working product are just a few of the necessities to look for when bounty hunting for a plausible campaign.