Unrealistic bounty allocations

[Lauren Smith]

I feel sometimes they actually have to do this to lure people in because people seem to be too stupid to figure this out on their own. So they have to offer more then the next time. They forget that, that is the value of the token when it first comes out. So better to invest in an ICO doing a bounty then to inbvest that amount of money. If you get $1000 worth of bounty tokens it would have still cost yu $1000 to buy that many.

[angrybirdy]

I feel sometimes they actually have to do this to lure people in because people seem to be too stupid to figure this out on their own. So they have to offer more then the next time. They forget that, that is the value of the token when it first comes out. So better to invest in an ICO doing a bounty then to inbvest that amount of money. If you get $1000 worth of bounty tokens it would have still cost yu $1000 to buy that many.

It's their way to collect people to support and promote the project. They know that if they show bounty hunters a huge allocated fund, there are some chances that they can gather people as many as they can. They focus on unnecessary things where it will be hard even for them to do, instead of focusing on realistic things.

[BlackFor3st]

What kind of a bounty hunter are you? the one who is always eager to promote new projects? or the one who select the projects that appeared to be worthy? or for example you like projects with million dollars allocation like...



Well here is the fact, any bounty that gives out huge bounty rewards are unrealistic, we all know that we are in a bad crypto season but still they think this is the best way to lure you, this doesn't mean the project is scam but forget the dollar price tag and don't bother to calculate based on $$$$ because you can get 10$ instead of your 500$ worth of token, i prefer already listed and trading projects, what about you? do you agree or disagree?

I difinitely agree with you in this market season, huge bounty rewards are very unrealistic so it is better to choose few projects that offers a reasonable bounty rewards than joining this kind of bounty.

Researching and doing some background check to any projects will surely help you to decide on what bounty campaign to join, so don't just join blindly or else you are only wasting your time and you will not get any good profit from your effort. Even if they are not listed or traded yet, as long as it has the potential to succeed then I have no problem with it.

[Sithara007]

i prefer already listed and trading projects, what about you? do you agree or disagree?

Everyone prefer such projects. But the reality is that such projects are too few and far between and too many people enroll for their campaigns. And in the end the average payout per user may go very low. Even with such projects, you may be getting $5 or $10 for months of hard work. So if you ask me, there are no good options with bounties right now.

I have seen a few bounty programs of coins that are already listed. Examples are MB8 Coin, Denarius, Veil.etc. And from what I can see from their campaign threads, too many people signed up for these campaigns and in the end the participants had to wait some time for the payment and even then the individual payouts were relatively low.

[dirgayeah]

This is not something new. Almost every day, kind of project like this always appear on this forum. And exactly as Smart bounty hunter, you must be consider before participating on it. Does  really rational if little project with poor concept can give your millions dollars? 😁. Come on guys, wake up. Small allocation but have a strong concept and product will be better than join with something which only give you a big dream.

[Ailmand]

I learned my lesson and stopped promoting bounties depending on the reward. A lot of bounties promise a huge amount of money and people must read carefully when joining. The amount of money allocated on the project is most of the time based on the token cost, so let's say the project declares an amount of bounty to $1****** as bounty that would be based on the ICO price to that total amount. Don't be fooled, there is no guarantee that a project will even reach the point where it will reach it's ICO price or even gets listed. Promote projects that is most likely to deliver their product or service and has an active and legitimate team and good white paper.

[awik p]

This is not something new. Almost every day, kind of project like this always appear on this forum. And exactly as Smart bounty hunter, you must be consider before participating on it. Does  really rational if little project with poor concept can give your millions dollars? 😁. Come on guys, wake up. Small allocation but have a strong concept and product will be better than join with something which only give you a big dream.

right, with a large allocation especially with a situation like this, I think it will just waste our time just to promote. in the end they are deceptive and the results we get are not in accordance with initial expectations. therefore choosing the right project even if the prize is not large, will be more beneficial for us

[barnes13]

I really agree with you, at this time the allocation of tokens given for bounties is indeed very much. But unfortunately when after listing on the market it ends up being very bad. Estimates that we should get $1000 in fact we only get less than $30. At this time, I have stopped participating in the Bounty Program, which pays with their tokens, unless their tokens have been listed in several markets. I hope you also have to follow as I did, because if we don't support the shit project, then they will never appear again. All need capital and those who are serious about building their projects must prepare all of these things.

[arimamib]

This is not something new. Almost every day, kind of project like this always appear on this forum. And exactly as Smart bounty hunter, you must be consider before participating on it. Does  really rational if little project with poor concept can give your millions dollars? 😁. Come on guys, wake up. Small allocation but have a strong concept and product will be better than join with something which only give you a big dream.

right, with a large allocation especially with a situation like this, I think it will just waste our time just to promote. in the end they are deceptive and the results we get are not in accordance with initial expectations. therefore choosing the right project even if the prize is not large, will be more beneficial for us

for projects that pay a lot of money to campaign participants at this time it does not make sense because market conditions can make the results of payments unsatisfactory. but if you believe the project has advantages in it, then you can join, but the risk of time loss can occur if the project does not get maximum results

[Stanlo]

I feel sometimes they actually have to do this to lure people in because people seem to be too stupid to figure this out on their own. So they have to offer more then the next time. They forget that, that is the value of the token when it first comes out. So better to invest in an ICO doing a bounty then to inbvest that amount of money. If you get $1000 worth of bounty tokens it would have still cost yu $1000 to buy that many.

It's their way to collect people to support and promote the project. They know that if they show bounty hunters a huge allocated fund, there are some chances that they can gather people as many as they can. They focus on unnecessary things where it will be hard even for them to do, instead of focusing on realistic things.

Which is plain stupidity to me, firstly the team are not been sincere they know that not until the token hit exchange they can't guarantee the reward as fixed USD worth, secondly any bounty hunter who fails to detect this means he is just same as them, fooling themselves

[Nadziratel]

It would be nice to understand and for someone to explain How the initial price of the coin is formed and how the team of the new project evaluates the value of the token.  For the most part, these figures are far from reality and the whole point is that developers pursue the chain to sell air to investors as expensive as possible.

Price is the easy part. However, the token price brings a huge loss of value after listing due to huge discounts to private investors at the time of sale. And many teams doesn't like to talk about this. I know some projects made an ICO and sold their tokens to $1. But earlier time, private investors buoght that token $0.10 - $0.20. So normally, they are okey if token price $0.25 - $0.30.

I think there shouldn't be any private sale for ICO's. Token prices should be stable all time during the sale. I'm sure good projects doesn't have any trouble with that strategy.

[Bitbtc8]

The concept of every new project is very important when doing research, if the project is good enough for me i won't mind if the bounty allocation is way too good to be real, there is a chance that the token will add value but most projects with high allocations have worse ideas and mostly repetitive projects

[Samboo]

Obviously I do like to promote such projects that have realistic use and are serious about implementing and delivering on their promises and road map. But sometimes I get lured by high volume of bounty pools, thus leading me to get nothing for my hard work. Generally, unrealistic projects allocate high volume of bounty pools. So I want to ask bounty hunters to research before joining and promoting any crypto project.

[senin]

Now I look more at what the project will do to understand its innovation and usefulness, and therefore the demand for its token. I do not participate in those projects and in their ICO bounty campaigns, if it will just be profitable to sell their tokens.
Regarding the proposed rewards for bounty hunters, the large amounts now more indicate the insincerity of the ICO team members and their ability to deceive bounty hunters. At the same time, I also do not join those bounty campaigns that offer too small amounts to pay for our work. This should be fundamental, otherwise this trend will become a reality and strengthened in practice. However, of course, the decision to join or not is made taking into account many other factors and, in fact, is individual in each case.

[Casdinyard]

Bitcointalk should no longer allow such unrealistic scam allocations.

In fact, Bitcointalk needs a special arrangement for bounties. Bounty prizes must be paid only with bitcoin and ethereum. If not, such crooks will continue to exploit people's time and labour.

That couldn't happen not unless those projects want a good success rate. Yes, some icos have funds but they allocate it on their development and not for bounty and allocating huge bounty is the only way they see to attract free advertisement.

Because these people give these bounties not just their time, but their dreams. And no one has the right to upset these people.

You're overstating. I know your point but that still depends on those people whether they'll be just stuck on doing bounty or move on. If you're tired of it then stop.

[yulionoo]

I am always selective in choosing bounty campaigns. I always choose a campaign project that has a dev and a development team that is trusted and honest and has experience in making projects. I am not interested in projects that offer large tokens or high prices because it is sometimes unrealistic with crypto market conditions like this. maybe it's just an article not in reality.

[crossabdd]

I have personally stopped hunting bounties since November 2018 and started again a few weeks ago. of course because of the certainty of reward, I started again. and what made me stop bounty hunting was the reason you mentioned. I mentioned that one is JINBI. with large allocations they have deceived bounty hunters. and don't distribute that token. after that I no longer believe in large allocations. because many tokens are only by promise, without proof of price. yes of course with the circumstances you mentioned, all of that is real ... nothing is as promised and not realistic in the price of the token.

[kayvie]

This huge amount of bounty nowadays is impossible to reach. Nowadays, it's really hard for every ico to raise huge money to fund their allocated expenses.
Unlike before, bounty campaigns we're able to provide these bounty allocations because it's possible to raise funds.

[MiguelCryptoss]

Although you are right but, having a good project to promote this days look very difficult but with a little effort one can still find a good one to be sure of getting good reward after promotion. Those projects that give huge amount of rewards to me is a no go area because, mist of their promises are actually unrealistic if calculated base on the dollar value. But having a project that's listed to promote will always give a small amount of rewards to promoters, I personally hate such projects.

[ice18]

Most newbie bounty hunters always fall from this huge allocations but in the end its worthless because of no liquidity on exchanges or the worst not listing on any exchanges its better to choose a bounty who is managed by a trusted bounty manager even the allocation is not too big as long as the project is real and have good reviews, big allocation like millions is just bs unless its already traded on exchanges and listed on cmc.