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Author Topic: The cost of running a bounty?  (Read 326 times)
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September 13, 2019, 07:40:10 AM
 #41

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.

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September 13, 2019, 09:33:59 AM
 #42

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.
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September 13, 2019, 06:42:37 PM
 #43

Most developers that gave up on a project must have made the payment before they realized they cannot continue with the project, I don’t believe that there is any developer that would bring out a penny after project has failed, some other project that stopped along the line before they even concluded their ICO never pays anything, they give the money back to the investors, and since they could not meet up, we never expect anything.

The ones that won’t return money to developers will turn to a scam even if they didn’t have the intention of scamming initially. For airdrops, these guys do quote amounts that would have covered all these contingencies like the airdrop, so they have all that covered already on their quoted amount.


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September 13, 2019, 06:51:37 PM
 #44

The project's coin-paying bonus programs don't cost too much. Because they can create it for free, and most of them are junk coins. There are very few payment projects in BTC or ETH

 
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September 13, 2019, 06:54:49 PM
 #45

It becomes more and more hard to organize bounty. You need to pay Bounty Manager and now you need to promote your bounty badly. People realize that bounty tokens does not cost a shit most probably. Personally, I tend to see more BTC payout bounties, than oldschool ones.
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September 15, 2019, 05:08:09 PM
 #46

It is not definitely not cheap, you have also forgotten about running costs, like paying bounty manager, doing promotions and all that stuff. But the most projects are shutting down because of the one reason, the lack of money.

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September 15, 2019, 05:17:31 PM
 #47

The project's coin-paying bonus programs don't cost too much. Because they can create it for free, and most of them are junk coins. There are very few payment projects in BTC or ETH

Indeed, that is what is received by the hunters of junk coins that are not valuable, for payments using BTC or ETH only in the gambling signature that I often see.

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DarkIT
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September 15, 2019, 05:23:18 PM
 #48

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.
as far as I understand, in ICO, the token will be sent to the person concerned when a project has completed the sale. that means, they have enough funds to pay a cheap fee. even more so for bounty hunters. I guess that really makes sense. of all the work done by bounty hunters, inviting enough investors to invest, I think if the total fee incurred is not more than $ 100, or even a range of $ 100, that is normal and can be said to be cheap.


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omone1
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September 15, 2019, 05:25:09 PM
 #49

Projects usually send airdrop/bounty after they might have raised enough money that is good enough to cover the cost of gas of transferring as such the cost will just be negligible as regards to what has been realized through ICO/IEO funding. One thing I am yet to understand is how to mass send token on the ethereum platform.

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September 15, 2019, 05:42:03 PM
 #50

~

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.

Sometimes devs would just leave no note which is a really quite a cruel one for those who had worked for them to promote their project throughout the Internet. Probably devs would still compensate the failure of their project to those who worked for them either through ETH or BTC although it might not be as exact as what could the "cost" of the project would be if it succeed in the first place.



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September 15, 2019, 05:49:41 PM
 #51

It is not definitely not cheap, you have also forgotten about running costs, like paying bounty manager, doing promotions and all that stuff. But the most projects are shutting down because of the one reason, the lack of money.

I think the funds used to cover all costs for bounty, managers, etc. naturally come from funds that can be obtained when ico or ieo are finished, so, it is natural for a project to be terminated if the funds obtained while doing ieo or ico are not reach the minimum sales / softcap target, even if forced to continue a project, usually the team will resale ico / ieo by making some changes to the sale of their project, such as giving a large enough bonus to the investor or maybe they will look for a large investor / angel investor as founders of their project.

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September 15, 2019, 07:36:38 PM
 #52

Since you are paid in coins that do not yet exist, it does not seem to me that there is any cost.
It is a bet on the fact that what you receive.
My altcoins have disappeared, including scams and loss of value.
But in the meantime I managed to convert some into fiat, so I can't complain.

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September 15, 2019, 09:16:31 PM
 #53

Running bounty very cheap, the team pay in coin or token that cost nothing, why running bounty costly, we can say costly if the team pay in btc, or any other altcoin only.
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September 15, 2019, 09:23:23 PM
 #54

I think there is a cheaper way to send once to multiple eth address. I saw a developer posted this months ago and Ethereum founder Vatalik retweeted the post.
I also retweet the post but its been long. Searching for the tweet might take much of my time. I would have love to drop the link here.
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September 15, 2019, 09:29:32 PM
 #55

I think there is a cheaper way to send once to multiple eth address. I saw a developer posted this months ago and Ethereum founder Vatalik retweeted the post.
I also retweet the post but its been long. Searching for the tweet might take much of my time. I would have love to drop the link here.

Use multisend.Co and you will be fine. All you have to do is to input all recipient addresses and send collectively making it far easier and cheaper for you. There are other technical methods too but multisend tops it for me

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September 15, 2019, 09:32:54 PM
 #56

Since you are paid in coins that do not yet exist, it does not seem to me that there is any cost.
It is a bet on the fact that what you receive.
My altcoins have disappeared, including scams and loss of value.
But in the meantime I managed to convert some into fiat, so I can't complain.
There’s still a cost if you are being managed by the good manager and of course a cost to create your product so many investors will come. The cost of making a new project is huge, and it requires a lot of works with the team and a lot of money to pay for your advertising program. The bounty might not pay you at first but you still need to spend some money on that to succeed.

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September 15, 2019, 10:00:41 PM
 #57

This should not be a point if debate and not a course for worry. As a project owner, you can decide to either pay in your token if you cannot afford to pay in other already listed coins and if you think you have the fund to back that up by paying in bitcoin, ethereum or other already listed coin, it might be preferable by bounty hunters and it will help to protect and maintain the value of your coin, which is if you do not have a solid product to back it up.

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September 15, 2019, 11:08:34 PM
 #58

they only pay with tokens,  they don't cost a lot, just make smartcotract from eth. for sending tokens are also small. it's just that if their project is successful the token that they make will have great value.

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September 18, 2019, 04:31:15 AM
 #59

Some tactics that they made is paying their own cost from what they get to there project being wise is like talking about on how does your bounty going good near in the future but their was a case that they have to pay using btc so that they gonna have a promo to their investors.

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