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Author Topic: Just a thought about bounties and bounty managers  (Read 444 times)
OasisDre
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December 02, 2019, 06:59:54 AM
Merited by FireBallex (1)
 #1

I heard that what most bounty managers do is to conduct the bounty project and later submit to projects teams for distribution, is this not why some projects never paid bounty hunters?

 +The job of a bounty manager should be the guide standing between bounty hunters and project teams
+ Bounty managers should be the ones to hold on to the project tokens and distribute after bounty ends

Avoid these and teams might decide not to pay or send out half payments to half of the hunters, it should be more like how IEO is where exchange stands between investors and team

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December 02, 2019, 07:12:35 AM
 #2

It actually depends on the arrangement between the bounty manager and the team. Some projects bounty are distributed by the manager and sometimes managers are only responsible on keeping track and submitting the spread sheet to the team for distribution.

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December 02, 2019, 07:43:10 AM
 #3

I heard that what most bounty managers do is to conduct the bounty project and later submit to projects teams for distribution, is this not why some projects never paid bounty hunters?
not really, indeed the work of the bounty manager is the selection of bounty participants and after that is paid if they submit their work, then the project team processes payments, if the project team does not pay means they are scam

+The job of a bounty manager should be the guide standing between bounty hunters and project teams
+ Bounty managers should be the ones to hold on to the project tokens and distribute after bounty ends
if your idea is like that maybe many project teams feel disadvantaged, because the bounty manager might be able to run off their money, so the project team and bounty manager invite trusted people in the forum to become third-party escrow who hold project funds for bounty hunters
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December 02, 2019, 08:00:16 AM
 #4

I heard that what most bounty managers do is to conduct the bounty project and later submit to projects teams for distribution, is this not why some projects never paid bounty hunters?
not really, indeed the work of the bounty manager is the selection of bounty participants and after that is paid if they submit their work, then the project team processes payments, if the project team does not pay means they are scam
Bounty manager's work is only to handle the campaign for the project, they do not serve as the third party to hold the funds for the bounty participants.
It is correct that if the project do not pay it is already a scam, but I also think that if the bounty manager will hold the fund then chances for bounty hunters to get paid is high.

+The job of a bounty manager should be the guide standing between bounty hunters and project teams
+ Bounty managers should be the ones to hold on to the project tokens and distribute after bounty ends
if your idea is like that maybe many project teams feel disadvantaged, because the bounty manager might be able to run off their money, so the project team and bounty manager invite trusted people in the forum to become third-party escrow who hold project funds for bounty hunters
That is another part where there is a risk of losing the bounty allocation. That's why, choosing the right bounty manager is necessary to avoid this kind of thing.
Escrow really take a big part in here, it is to avoid scam users to run the monry for their own.
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December 02, 2019, 08:15:39 AM
 #5

Your point makes sense but if the bounty manager himself or herself can't be trusted there will be issues as well, to me both bounty manager and project team can fail to pay hunters, so instead i suggest to always promote projects from reliable bounty managers

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December 02, 2019, 08:31:12 AM
 #6

Your point makes sense but if the bounty manager himself or herself can't be trusted there will be issues as well, to me both bounty manager and project team can fail to pay hunters, so instead i suggest to always promote projects from reliable bounty managers
But why would bounty hunters will participate in untrusted bounty managers in the first place. As for me, I don't want to have any unnecessary situations which makes my situation be hard.
Paticipating in bounty campaigns handled by popular bounty managers is indeed way better than to participate in some unpopular managers.

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December 02, 2019, 08:48:46 AM
 #7

It all depends on the opportunity between the developer and the bounty manager. But in general the token is still in the hands of the developer and will be distributed by the developer when the bounty manager has submitted the file of participants who have done the task to completion. If the bounty manager is given the authority to hold tokens and distribute tokens, then there will be more costs to be paid to the manager.
But this method won't overcome the junk project, even though the token in the junk project distribution will produce shitcoin which cannot be sold.

 
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December 02, 2019, 08:51:37 AM
 #8

rightfully so to avoid fraud from the project team, but in this case we also cannot 100% trust the bounty manager, you understand how much is allocated to a bounty and with that much money do you believe you will put it in the bounty manager? they can run away whenever they want, are you aware of this? it is true that there should be an intermediary for this so that bounty participants are no longer cheated

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December 02, 2019, 09:06:41 AM
 #9

I heard that what most bounty managers do is to conduct the bounty project and later submit to projects teams for distribution, is this not why some projects never paid bounty hunters?

 +The job of a bounty manager should be the guide standing between bounty hunters and project teams
+ Bounty managers should be the ones to hold on to the project tokens and distribute after bounty ends

Avoid these and teams might decide not to pay or send out half payments to half of the hunters, it should be more like how IEO is where exchange stands between investors and team

I think it's almost imposibble for a single bounty manager do those task because most of bounty manager are holding more than one bounty and if they have to send out the payment after the bounty ends, it will really cut their time. It can be happen if the salary of the bounty manager is so big so the bounty managers are just holding one bounty at the time but i think the project team itself won't pay bounty manager so high.

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December 02, 2019, 09:09:24 AM
 #10

I heard that what most bounty managers do is to conduct the bounty project and later submit to projects teams for distribution, is this not why some projects never paid bounty hunters?

 +The job of a bounty manager should be the guide standing between bounty hunters and project teams
+ Bounty managers should be the ones to hold on to the project tokens and distribute after bounty ends

Avoid these and teams might decide not to pay or send out half payments to half of the hunters, it should be more like how IEO is where exchange stands between investors and team
Even bounty manager have the allocated tokens there is no security that you will get paid.
Since more of the ICO project use token and many project also making a new token contract if they see that there are something wrong with the old contract then your payment will be worthless.
Even you have the tokens for your payment if there are no exchange tradeable that token then this also a worthless tokens until its listed.

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December 02, 2019, 09:11:36 AM
 #11


+ Bounty managers should be the ones to hold on to the project tokens and distribute after bounty ends


No, they won't let this happen.
Managers will just manage. They will submit the spreadsheet of how much every participant will be paid accordingly.
They wont give that tokens to the manager for security. They could just run with it and tell that it had all been submitted to each participant.

If you are the owner of the ICO or IEO, will you trust the manager to keep his word?

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December 02, 2019, 09:38:31 AM
 #12

I heard that what most bounty managers do is to conduct the bounty project and later submit to projects teams for distribution, is this not why some projects never paid bounty hunters?
not really, indeed the work of the bounty manager is the selection of bounty participants and after that is paid if they submit their work, then the project team processes payments, if the project team does not pay means they are scam
Bounty manager's work is only to handle the campaign for the project, they do not serve as the third party to hold the funds for the bounty participants.
It is correct that if the project do not pay it is already a scam, but I also think that if the bounty manager will hold the fund then chances for bounty hunters to get paid is high.

+The job of a bounty manager should be the guide standing between bounty hunters and project teams
+ Bounty managers should be the ones to hold on to the project tokens and distribute after bounty ends
if your idea is like that maybe many project teams feel disadvantaged, because the bounty manager might be able to run off their money, so the project team and bounty manager invite trusted people in the forum to become third-party escrow who hold project funds for bounty hunters
That is another part where there is a risk of losing the bounty allocation. That's why, choosing the right bounty manager is necessary to avoid this kind of thing.
Escrow really take a big part in here, it is to avoid scam users to run the monry for their own.
that's what is expected in the future, where the project team should put their funds in escrow so that no one runs away from payment and make sure the bounty manager is really honest, sometimes I still see some bounty manager teams that give large amounts of Stake to new users , so I suspect it is part of their team, I hate about games like this, I hope that many changes in the future
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December 02, 2019, 10:00:28 AM
 #13


+ Bounty managers should be the ones to hold on to the project tokens and distribute after bounty ends


No, they won't let this happen.
Managers will just manage. They will submit the spreadsheet of how much every participant will be paid accordingly.
They wont give that tokens to the manager for security. They could just run with it and tell that it had all been submitted to each participant.

Yes it is true, I also feel that it is not possible, where the developer will not hand over the token and hand over the task of distributing the token to the bounty manager. Because I think it could be misused or the bounty manager might not distribute according to what has been calculated and here the task of the bounty manager is to do the calculation and report the results that have been done and obtained by the bounty hunters.

 
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December 02, 2019, 11:08:19 AM
 #14

I used to participate in many different bounty campaigns a few years ago with a few decent payouts. Nevertheless, only one in 20 was a good payout while the others revealed unsatisfactory (too much time - little reward).
These days, it seems that the rate has further declined and I am not sure bounty hunters are still able to make a decent profit / hour.

Managers just do their job.
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December 02, 2019, 11:29:54 AM
 #15

I heard that what most bounty managers do is to conduct the bounty project and later submit to projects teams for distribution, is this not why some projects never paid bounty hunters?

 +The job of a bounty manager should be the guide standing between bounty hunters and project teams
+ Bounty managers should be the ones to hold on to the project tokens and distribute after bounty ends

Avoid these and teams might decide not to pay or send out half payments to half of the hunters, it should be more like how IEO is where exchange stands between investors and team
These are the disadvantages when the bounty rewards are not esrowed. Bounty hunters should know the terms of the campaign eg duration, allocation and the time distribution, however some campaigns don’t keep their promises due to unexpected events.



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December 02, 2019, 11:34:09 AM
 #16

In the past, the bounty managers themselves were personally involved in the distribution, and there were even projects that saw them as a member of the team. But now it is almost impossible to face such situations. Managers' work is limited to hunters' compliance with rules and the correct division of weekly stakes. Like us, they also expect when the reward will be given. Therefore, managers are not always guilty if the reward is not given on time or not at all.

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December 02, 2019, 11:36:10 AM
 #17

I heard that what most bounty managers do is to conduct the bounty project and later submit to projects teams for distribution, is this not why some projects never paid bounty hunters?
not really, indeed the work of the bounty manager is the selection of bounty participants and after that is paid if they submit their work, then the project team processes payments, if the project team does not pay means they are scam

+The job of a bounty manager should be the guide standing between bounty hunters and project teams
+ Bounty managers should be the ones to hold on to the project tokens and distribute after bounty ends
if your idea is like that maybe many project teams feel disadvantaged, because the bounty manager might be able to run off their money, so the project team and bounty manager invite trusted people in the forum to become third-party escrow who hold project funds for bounty hunters
If projects team are thinking that the bounty manager might run off with the bounty tokens then they should start using well known professional bounty managers

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December 02, 2019, 11:39:34 AM
 #18

There are bounty managers that are ensuring the payment for their participants because it's part of their responsibility to choose the legit and reliable bounty that they will manage. If the management of that project doesn't agree with his given term, it's up on him on how he will handle the rule.

They can follow up the distribution until it's all solved to give assurance for their participants which is part of their job. But if not, their part is limited and that's why you have to be picky in choosing although many of the bounties are not that good anymore.

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December 02, 2019, 12:32:02 PM
 #19

I heard that what most bounty managers do is to conduct the bounty project and later submit to projects teams for distribution, is this not why some projects never paid bounty hunters?
not really, indeed the work of the bounty manager is the selection of bounty participants and after that is paid if they submit their work, then the project team processes payments, if the project team does not pay means they are scam

+The job of a bounty manager should be the guide standing between bounty hunters and project teams
+ Bounty managers should be the ones to hold on to the project tokens and distribute after bounty ends
if your idea is like that maybe many project teams feel disadvantaged, because the bounty manager might be able to run off their money, so the project team and bounty manager invite trusted people in the forum to become third-party escrow who hold project funds for bounty hunters
If projects team are thinking that the bounty manager might run off with the bounty tokens then they should start using well known professional bounty managers

A good project will definitely choose a bounty manager who already has a good reputation in this forum and is well known in the cryptocurrency community. From what I understand, the bounty manager has the authority to manage the campaign, but for payment matters, it still depends on the developer team

DaMut
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December 02, 2019, 12:39:00 PM
 #20


If projects team are thinking that the bounty manager might run off with the bounty tokens then they should start using well known professional bounty managers

A good project will definitely choose a bounty manager who already has a good reputation in this forum and is well known in the cryptocurrency community. From what I understand, the bounty manager has the authority to manage the campaign, but for payment matters, it still depends on the developer team
a good project will have a decent amount of money to start the development and the campaign, that is why mostly they could afford to hire a good manager before running it. about distribution, it depends on their arrangement. some of them are distributed directly by the bounty manager and some of them are distributed by the team.

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