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Author Topic: Consider these 12 things before joining a bounty program  (Read 287 times)
NeuroticFish
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February 20, 2020, 07:56:11 AM
 #21

now looks better IMO.

Yes, it does  Wink


Considering the current bounty status, I will go with who is the bounty manager.

You're right, some bounty managers (especially Yahoo62278) are quite a guarantee the bounty campaign will go well. Escrows are also important.
But most just don't do that. And campaigns are just not so many one can pick easily. And we should also not ask for centralization in the bounty management area.

For example I got to trust my current campaign although it doesn't have neither known manager, not escrowed funds, but it has trust (and in-forum) reviews from members I trust, reviews telling that they are honest and paying.
So there are quite more things to take into account.

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February 20, 2020, 12:40:57 PM
 #22

For example I got to trust my current campaign although it doesn't have neither known manager, not escrowed funds, but it has trust (and in-forum) reviews from members I trust, reviews telling that they are honest and paying.
So there are quite more things to take into account.

I guess knowing the bounty manager has an added point too. But of course, if we have a good relationship with our manager even though he iant famous like Yahoo then there will no problem. Escrow is a must but for the bounty like we have (BestChange and Gold) I think they already proven their authencity right? People's trust is important so I believe those project without escrow especially those altcoin payment should do aomething to guarantee trust of their participants at least.



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February 20, 2020, 06:01:03 PM
 #23

Let's not forget to mention that bounties are not really rewarding as before as funding models like ICO, STO and even IEO have lost their magic and fuel and at such, projects don't get the funding to make their startup up and running and at such can't pay bounty participants. There have been several cases where participants didn't get rewarded for their services/work/efforts. Aside from that, Its is a necessity to do due diligence on the team. Don't just believe because their CEO is smiling in the selfie pic on his DP.

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February 20, 2020, 07:44:23 PM
 #24

Considering the current bounty status, I will go with who is the bounty manager. It's very necessary to check if they have hired a professional bounty manager or with a new or less popular one.
For example, if we look back at Yahoo bounty campaign, mb8coin was the last one he managed and that one was huge successful for bounty hunters. Rewards were distributed correctly. People got some good amount from the bounty.
On the other hand, it's also important to escrow the bounty reward, there are some example of not distributing the reward. But if the reward was escrowed, that's not going to happen.

That's a very good point!

Once you know how a bounty manager works, then it is easier to know what you can spect, but sometimes even the most experienced managers can be fooled by scammers.

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February 20, 2020, 07:48:42 PM
 #25

What about the bounty that is calculated in stakes and is held during ico or rounds of ieo?
How can bounty manager escrow the bounty reward if no one knows if the project will raise softcap, nor anyone knows how much tokens must be distributed?

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February 20, 2020, 09:10:00 PM
 #26

If I find a bounty that already has a quality product, despite under development, I will go for it. Another plus is that, if the bounty funds are escrowed with evidence shown, I will quickly run towards it. The reason being that, there have been some very good projects that had a smooth bounty and yet paying bounty hunters became very difficult for them.
They would have achieved the success needed, but will not want bounty hunters to benefit from it.
There are very good examples of such, even if I start mentioning names, it might be endless.

Some of them divided funds to be paid into different periods, after paying the first, they stopped.
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February 23, 2020, 04:14:06 PM
 #27

1. A very basic and important thing to check first is that they have reliable staff willing to answer questions the same day or at least the next day.

Mostly the ones that are replying to us are the ones that are only bounty hunters that they hire so they can accommodate and entertain the answers of the bounty hunters in their telegram group. and the admins and the members rarely open telegram so always check if they are members or only telegram manager.

2. Check if the project will solve something not covered by other projects already.

That's also right because there so many bounties that has the same ideas and only few of them will get a decent price and a successful ieo
there are many real estate, adult sites, car loan, gaming industry and virtual reality so be careful and don't pick any of that.

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