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Author Topic: Reason why bounty manager are not paying Bitcoin and other trade able coins  (Read 699 times)
BryanK
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June 14, 2019, 05:42:01 PM
 #61

Such projects already existed. But it ended in the same way as most ICO projects - Scam. The developers promise a huge amount and after a large number of investments freeze the project.
Inu.Guren
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June 14, 2019, 05:44:48 PM
 #62

developer are controlled about the payment, and of course developer want to bounty hunter trade their token/coin for increase volume trade in market even the price maybe dumped by hunter.

they are want people be a part of the community in the project and support them

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KlepZ
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June 14, 2019, 06:16:17 PM
 #63

Maybe only part of the Bounty is paid with BTC, the purpose of the Bounty manager is to help a Project succeed so it is impossible for us as Bounty Hunter to only be able to pay with what Project Bounty we follow.  and not all Bounty tokens have a price like Bitcoin and Ethereum whose prices are always stable
CryptoAlphaStar
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June 14, 2019, 06:23:20 PM
 #64

The reason is very simple. Bounty managers don't pay anyone. ICO teams do. And they don't have money - fiat or crypto. All they have is the tokens they are creating.
So, this is the only budget they have.
Helpme_please
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June 14, 2019, 06:33:04 PM
 #65

Maybe only part of the Bounty is paid with BTC, the purpose of the Bounty manager is to help a Project succeed so it is impossible for us as Bounty Hunter to only be able to pay with what Project Bounty we follow.  and not all Bounty tokens have a price like Bitcoin and Ethereum whose prices are always stable
paying method depend on developers team.usually only qualified projects that have much fund courage to pay bounty hunter using bitcoin or ethereum.for them its important to keep their coins price in market.
hdclover
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June 14, 2019, 06:40:23 PM
 #66

Paying either in Bitcoin or ethereum is very costly for the project owners. They might in short of the funds at beginning and the project might not even raise the given amount required for bounty. If they pay via tokens, users who wants to buy these will set the value so literally the project owners won't be losing any money.

Blah blah
guoyu78
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June 15, 2019, 06:45:44 AM
 #67

i don't think it has anything with believing in the future of their token because the creators of these tokens know better than you and i that their token is useless and worthless.

the only reason why they pay in their own token is because it doesn't cost them anything! if they wanted to pay in bitcoin for example they would have to spend money and buy bitcoin and then pay people. but when they pay in their own token, all they have to do is just create them out of thin air with no effort or cost!
It is still part of the believe they do not have in their project, because if they do, they should have factored all these payment in when they were doing their feasibility study before going to raise fund through ICO.

Imagine that it is a physical project and they need to any contractors for their work, would they offer the contractor token? NO, they will pay the contractor with fiat, same things is applicable to hunters too, they work for the money and I think they deserve to be paid with token that will make them have access to their salary immediately.

How can a company that is genuine want to get everything free, free fund donation, they also want to get free awareness from hunters.
bitgolden
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June 15, 2019, 08:28:06 AM
 #68

I'm finished doing bounty for a campaign that only promised their token that has no guaranty of value in the market, glad that the one I'm in right now is already in the market, after this campaign I have no choice but to transfer to gambling campaign or stop doing ICO bounty.
I understand how you feel, especially for the experience we have all had with most of the tokens we have gotten in the past that is still very dormant in the market, or tokens that are has gone so low in the market, but I think projects with direct tokens are still more profitable for now, especially the one that has very big hype.

Look at how harmony of Binance increased like 800 percent in profit, if they had paid them the Bitcoin equivalent, would the investors had seen such an increase this soon, with this increase, they can then share the profit into two and invest in BTC and ETH, we just have to continue to look for very good projects, it is really more worth it when we get their tokens.

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Inu.Guren
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June 17, 2019, 08:00:51 PM
 #69

Paying either in Bitcoin or ethereum is very costly for the project owners. They might in short of the funds at beginning and the project might not even raise the given amount required for bounty. If they pay via tokens, users who wants to buy these will set the value so literally the project owners won't be losing any money.
yeah because developer must allocated Ethereum or BTC for hunter and take some proceeds from sales to allocate and pay for hunters.
it's efficient for developer and that's why usually developer paying hunter using token

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