The cost of running a bounty?

[5thFear]

It don't cost much to run a bounty. compared to what they can achieve if the project becomes successful, its very very low. And whatever they have to pay, they pay in the same tokens so they actually do it for free. Almost free if not totally free.

[disconnectme]

Are you serious? the reward is much more worthy for the developers than the fees, if you are talking about paying fees on Ethereum you can pay low fees and it is just going to take time to get it confirm, but that is non of your problem the main thing is for your project to succeed and when it does, is a win-win situation for the both the team and the hunters.

[Jenkins33]

Running a bounty can't be cheap. For every person participating you have to pay a fee. For telegram and airdrops, how do the devs afford it?

10k airdrops at 1 cent is $100 just for one round. That sounds costly to me. I also doubt a transfer would be so little as 1 cent.

What makes me wonder even more is how do devs that give up on their projects or let them die still pay out their bounty? Some scams even payout their scam coin which must cost them 100s of $$

Is there something I am missing? is mass sending eth tokens cheaper then I think? Maybe someone with some experience in send to multiple eth addresses knows. You also need to use a special service or have the know-how to send to multi addresses as well.

Developers do everything original. They promise to send you an airdrop, they promise to pay you for participating in the bounty campaign. And many devs pay with tokens of their projects, which are of value only if the project has collected the necessary amount of investment, placed its tokens on the exchange and continues to implement its roadmap.

[danggoron]

From some other members' responses, there are indeed applications that can send tokens in bulk quantities and may cost less for contract holders. The developer has provided a budget for this, including bounty management. Sometimes, the bounty manager is also paid with a similar token for the bounty, if it's not valuable then the bounty manager does not get rewarded according to his work, but conversely, if successful then it is very profitable.

[stadus]

There might be some GAS needed to send but that is not costly, if a project failed, it doesn't mean they don't raise anything, they just failed because they didn't manage to raise their minimum cap.

I don't know how the other manages their project during post ICO when they only reach a small amount of money, maybe some still continue to run the project despite the lower chance of success as they don't want to give refunds to investors, and they have plans to just scam the investors by fabricating reports about the development of the project where the funds were spent.

[H1N1]

If they hit the hardcap target in their token sale, the cost of bounty will be nothing compare with the amount of raised funds.
Usually the cost or allocation for bounty campaign is only 1-2% of token supply, so i think it won't cost too much.

[herurist]

If they hit the hardcap target in their token sale, the cost of bounty will be nothing compare with the amount of raised funds.
Usually the cost or allocation for bounty campaign is only 1-2% of token supply, so i think it won't cost too much.

Yes, it is not worth what they get from the sale, to send a token it only needs gas that doesn't reach 1ETH.

[setialovers]

If they hit the hardcap target in their token sale, the cost of bounty will be nothing compare with the amount of raised funds.
Usually the cost or allocation for bounty campaign is only 1-2% of token supply, so i think it won't cost too much.

Indeed, most Developer teams allocate no more than 2% of the total sales of tokens for the budget bounty and I think this is not too large although there are some projects that allocate more than that but not more than 5%. Bounty budget, in my opinion, is like a marketing budget, but it is distributed to bounty hunters so that it is more effective to boost transaction value

[xOdiumNostrumx]

I doubt its that bad. The airdrop tokens are free, they have cover only ETH transaction fees. And if they are indeed serious about their project, they have to have some starting capital, so 200$ or 300$ for gas is a steal when taking into account that they are getting "free" marketing from bounty hunters.

[mika11]

That is easy for people who know IT

[Lauren Smith]

To send token to multiple address, some Devs is using this address multisender.app. This is now clear to us that the cost of running bounty, when devs can't bear this cost they left project from doing development.

I saw I was paid a bounty a month ago and the dev used multisender.app thank you for bringing it up though. I had a look at it but don't seem to be able to find out how to work out how much the gas will cost.

If they hit the hardcap target in their token sale, the cost of bounty will be nothing compare with the amount of raised funds.
Usually the cost or allocation for bounty campaign is only 1-2% of token supply, so i think it won't cost too much.

Indeed, most Developer teams allocate no more than 2% of the total sales of tokens for the budget bounty and I think this is not too large although there are some projects that allocate more than that but not more than 5%. Bounty budget, in my opinion, is like a marketing budget, but it is distributed to bounty hunters so that it is more effective to boost transaction value

I agree. It is the marketing budget. Promoters/bounty hunters help with that. Companies spend a lot of money on marketing. They spend more on marketing then anything else.

[fortunecrypto]

AFAIK you need to create contract like this website: https://multisend.co/

So far this is the best option for developers and not only developers and bounty manager but the community as well to use when sending tokens to multiple addresses, it's time-consuming and saves you a lot of time and fund, kudos to developer of this application, this is one big help for the community in general.

[jorenpo]

it cost nothing if your token has no value at all. dev just gave out token out of thin air we're just lucky that it gains any value.

[Ararbermas]

Yhup running bounty cant be cheap, but moslty scam project nowadays don't distribute any other crypto currency when it comes payment for all members .wherein it always their play money.  

They accept other coin only such bitcoin and eth especially when there are some participants buying their coins. But when it comes paying for the team members,  they don't want to waste few dollars from their pockets, just play money.. That's is my experience as a graphic artist on some projects. Working for one moth and what i got?  Nothing just shitcoin.  Lol

[Aldrinx00]

Sending multiple transactions in a multisender app is cheap, the cost of sending those useless tokens are just a penny to what they will scam to the people who will fall to buy it on them without even thinking it's just a waste of money and time.

[freedomgo]

It's cheap because we are seeing more people are running a bounty, and they are only paying their tokens, so it's not costly for them.
They maybe have to pay for the transaction fee but it's not expensive if they will send it by batch.

This is the logic, it's okay for them to spend for fees even if you think it's high but they will make sure they will raise a good amount.
Most projects raise at least $100 thousand for their ICO, that's a big money already compared to what they will pay for the bounty hunters.
In the earlier times, they could even raise millions in ICO.

[Rustamm]

If the Ethereum blockchain is used, then the price of each transaction can still be minimal, but not free, for example, as in the TRON network. If we are talking about scammers, then for them a couple of hundred dollars is a penny, because they are focused on receiving several million dollars as a result of a scam ICO. Often, scammers have seed capital to organize the appearance of work, so do not be surprised at this.

[Shadidalam1111]

if the project turns out to be a scam even though the costs incurred for sending are very large but they have received a sum of money received from investors when selling tokens.

[freedomgo]

if the project turns out to be a scam even though the costs incurred for sending are very large but they have received a sum of money received from investors when selling tokens.

That's what I'm talking, there's always an operating expense, what matters is they will be net profit in the end, however if the project will turn our to be scam, this an additional destruction of crypto reputation, people will not anymore be attracted in crowd funding due to the high percentage of scam.

Bounty hunters should be responsible at the same time, they should not only focus on the reward they will get, they need to study the reputation of the project they are promoting and only promote if the project has proof that it's legit or less likely become a scam project.

[Iykejunior]

Quite certain there is a method used to mass transfer tokens to many users at cheaper transaction charges . If it was as expensive as you think, payments of bounty tokens will kill some projects. You just have to find out the technique used in sending.