Bounty Projects Paying Out in Bitcoin or Ethereum Instead of Bounty Native Token

[H1N1]

If the project wants to pay hunters with bitcoin or ethereum, the allocation pool usually small, but it is ok.
They should not cut the reward when their token price goes up because it won't be fair.
We should join bounty with the fixed reward, no rule about changing reward at any time.

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[CuriousGeorge]

I think paying ETH and BTC to bounty hunters Instead of their project token this will help their native tokens to not be dump when It hits to the exchange

Some platforms have already made a campaign to be paid use a valuable coin like bitcoin or ethereum but the rest still use its own crypto caused by the bitcoin and ethereum were valuable coin and it can be used to funding the development and that's why they are choosing to refuse to pay the hunters using it and they have been using its own coin.

[Msworld83]

Paying hunters with btc or ETH can't be possible as that has damage the image of that project from start you have to let those who promote the project have it as a means of commitment to the project , just that the bear and the bonus on private and public sales kills most project now.

[Turkish88]

Receiving major crypto for bounty is very good, this type of bounties available on 52 section services on this forum.
Other side you can take more profit if project very good and in the future your recieved tokens can give more funds x2 x3 x10

[simpelplan]

if there are projects that offer prizes like that to the participants it is certainly very good but I rarely find it or maybe it doesn't exist anymore and if there really is of course only a few can participate with them. Usually the bigger the prize, the harder the job is

[blackhawkeye1912]

For the fact that many projects in the cryptocurrency ecosystem doing bounties pay bounty hunters in their native tokens thereby blaming hunters for the dump in price most at times. I think it will be more preferable to have rewards paid in bitcoin or ethereum in order to save bounty hunters from receiving blames unnecessarily. I took part recently in a bounty (ANYONE project) and the payment is in btc though still awaiting payment but we're saved from unnecessary bickerings relating to price.
If on this bounty space we can get rewards in these currencies (btc or ethereum) it will do more good because after payout everybody faces their business and it will be left for the project team to see to how value could be added to their token or project as I can term it.

Somehow, we are part of that dumping issues. That is why most bounty campaigns pay a bit longer and after the investors gets their share because they knew that hunters will sell right away once they get their reward. But I prefer getting paid with their own token instead of BTC or ETH. Though being paid with BTC/ETH has certain value. It is more likely to gain higher profit when you are paid with their own token when it enters in crypto exchange.

It's quite glaring and painful at the same time, bounty hunters are at the receiving end. In some cases, bounty managers change the rules with utmost disregard to hunters. I partook in a bounty just recently, where the BM was looking for a different excuse to cut down the rewards in their own native token seeing that price of the token skyrocket after their IEO and not allocating the agreed percentage to those tagged successful thereby denying hunters of what should have accrued them.

Any suggestion on the way forward that could be of help to bounty hunters having fair treatment and not be treated as a piece of rag after successful project campaign(s)? I want to learn from others experiences on the forum.

You have to report that Bounty Manager to get him a red trust. BM like that should not have to handle projects on his own because his not true to his words.

[cytpoway121]

I am compelled to say that bounty rewards in etherum or bitcoin is good
I have participated in a few from basefex bounty to epic cash bounty and equally Xch4nge bounty that paid in ripples

But still; the same principles of bounty applies; dyor before joining any bounty
It’s key

[xiboothrezi]

All things have two sides, bounties paid using ETH or BTC are usually not much allocated but you have the advantage that the coins are already on the exchange and the price is not easy to dump if many bounty hunters sell them (based on OP's problem for new tokens or coins the dump). Bounties that are paid using tokens from a project have the opportunity to achieve high prices if the management is good, of course, it is very profitable for bounty hunters, the bad side is the price can be easily dumped if there is no proper backup strategy from the team. From all possibilities, we must be prepared and understand the risks as a bounty hunter.

[Jimitieu]

For the fact that many projects in the cryptocurrency ecosystem doing bounties pay bounty hunters in their native tokens thereby blaming hunters for the dump in price most at times. I think it will be more preferable to have rewards paid in bitcoin or ethereum in order to save bounty hunters from receiving blames unnecessarily. I took part recently in a bounty (ANYONE project) and the payment is in btc though still awaiting payment but we're saved from unnecessary bickerings relating to price.
If on this bounty space we can get rewards in these currencies (btc or ethereum) it will do more good because after payout everybody faces their business and it will be left for the project team to see to how value could be added to their token or project as I can term it.

It's quite glaring and painful at the same time, bounty hunters are at the receiving end. In some cases, bounty managers change the rules with utmost disregard to hunters. I partook in a bounty just recently, where the BM was looking for a different excuse to cut down the rewards in their own native token seeing that price of the token skyrocket after their IEO and not allocating the agreed percentage to those tagged successful thereby denying hunters of what should have accrued them.

Any suggestion on the way forward that could be of help to bounty hunters having fair treatment and not be treated as a piece of rag after successful project campaign(s)? I want to learn from others experiences on the forum.

I think bounty  campaigns all want paid with their token. Because that will help the token be more traded when their project succeeds. and that's exactly what they want to give altcoins more value. So very few projects will pay for hunters by btc or eth

[Kemarit]

Those projects offering bounty campaign in ICO/IEO doesn't really have any BTC/ETH funds you know why? that's why they conducting an ICO/IEO and in order to find an investor they need to run a bounty campaign to receive traffic and find niches that would invest to their project and for the investors they would give their native coin as a share to their company.

I may say that bounties that pays eth and btc is very rare.

As far as I can remember, there are bounties that pay in btc and their native token way back in 2017. But since the price of Bitcoin is really going up, I doubt that incoming projects are willing to shell out and pay their hunter BTC.

As much as a hunter hopes for a btc paying bounty campaign, it won't happen because (1) projects doesn't have the budget in the first place, (2) btc price is going up and projects doesn't want to take the risk and loss in the end specially if they can't even reach their soft cap.

[Maestro75]

Although possible, the majority of the projects are not going to do that, these bounty managers are greedy, not using funds coming from sales to pay their bounty hunters, they prefer to use their own token because they created it for free, it's very rare to see ICO bounty campaign paying tradeable coins.

There are some projects already listed paying in there own tokens but want expansion by going into IEO and ICO and their tokens are traded on exchange already. I think most projects pay with their tokens because it is cheaper for them and some do not want to waste money since they will end up scamming others.

[sjbi]

You have suggested a wise idea for the benefit of both project team and bounty hunters. Bounty hunters are often blamed for dumping price of coins upon hitting exchanges, which is not entirely true. Likewise, project team can also be rest assured that price of their coins will not be decreased upon hitting exchanges. So recommend this idea.

[J1mb0]

I also like the bounty paid by BTC or ETH, those bounty will give us a fixed amount and not afraid to be scammed. But honestly, those bounties have very low budgets and really are not worthy for participants

[mayukus4life]

My first signature campaign was great, they paid part BTC, part tokens of the project. And payments was every week in BTC and tokens at the end of the bounty. Still holding their tokens)

You are damn lucky, such projects with this awesome initiative are hard to come by and it clearly shows the are determined to success from the onset. Committing funds like that will make the team go extra mile to ensure the projects doesn't fail.

[mayukus4life]

I also like the bounty paid by BTC or ETH, those bounty will give us a fixed amount and not afraid to be scammed. But honestly, those bounties have very low budgets and really are not worthy for participants

it's a two way thing in the sense that paying out bounties in ETH or BTC should be a sign that the team will go extra mile to make the project go mainstream because they wouldn't just wake up to throw such funds into the dustbin. On the other hand I think such bounties whether low budget aren't meant to last for months, they should be about 4weeks or thereabout.

[K4C]

When I see bounty campaigns that offer bounty hunters millions in their tokens for promotion, I do not like participating in it at all because it is quite obvious that they are just out to scam people, if a project team is not wise enough to regulate the amount of tokens they give out to keep their prices stablez then the bounty hunters who just accepts what is given shouldn't be blamed at all, BTC and ETH paid bounties are good, but the fact remains that many of these projects cannot even afford to pay in those tokens.

[spydee1522]

I perfectly agree on this topic and dislike is most on hearing that bounty hunters are been blamed for dumping. Most bounty hunter are been cheated upon when project managers and bounty managers realizes their token has skyrocketed in price. To prevent this mind gaming issues from happening, I think its cool for project managers to pay bounty hunters in btc or eth and face the crypto market with their investors with their native tokens.

[Kvalentine]

The fact is i dont like receiving bounty payments in bitcoin or usd because  the reward is very low but only tradeable,getting paid in native token has better advantage than getting paid in btc,some projects has better product and once they pay you in btc you lose the chance of becoming a holder or just imagine if the native token is a POS token?

[Meysa_richa]

Indeed, bounty campaign participants often get accusations as the cause of falling tokens when they enter the market, because Bounty hunters sell tokens at low prices. If the Bounty Project is willing to pay participants with BTC or ETH, maybe that is a very good idea, so that the Bounty participants are not always blamed.
But unfortunately not many Bounty projects pay Bounty hunters with BTC or ETH.

[Mila52]

Most hunters participate in bounty programs as earning. For some, this is a way to get project coins without investment. It would be better if the payment for the work went at the participant’s choice either in the project tokens or in the BTC or ETH.