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Author Topic: BOUNTY PAYMENT MATTERS  (Read 1934 times)
mersal
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February 29, 2020, 04:44:12 PM
 #21

Scams are not moderated here so it will be not possible to make such rule from the forum administration but why bounty hunters join on such projects,let the bounty team look for hunters,make demand for yourself first then only your voice will get attention here.
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February 29, 2020, 05:10:03 PM
Merited by Rodeo02 (1), Zeke_23 (1)
 #22

Will it be wise if this forum put up a request that ALL NEW PROJECTS EXPECTING TO RUN BOUNTIES SHOULD PAY A CERTAIN AMOUNT OF FUNDS BEFORE CONDUCTING ANY BOUNTY OR run an ESCROW.
The fund will be use to settle hunters should incase project owners Refuse to pay hunters Or decides to play tricks with hunters payment after a successful bounty campaign.

First and foremost, the forum doesn't regulate (moderate) signature or bounty campaign therefore they're not responsible for making promoters of such projects get paid after a successful promotion. It's your duty as a promoter to do your personal research and also set sine guidelines to prevent you from falling victims if these scammers.

Don't promote project that don't have escrow funds or unrealistic goals or ideas like those setting imaginary price for their token that isn't even listed on exchanges or done with their crowdfunding. You can even take it a step further by only promoting project willing to pay you in well established cryptocurrency like bitcoin.

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ansi
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February 29, 2020, 05:32:42 PM
 #23

ICO business is almost dead man, now it's time for the IEO which killed the bounty business.
A crypto project do not need so much marketing now, all it has to do is listing it's IEO into one decent exchange & that's it, the user base of that exchange if the best marketing it can get.

It so hard that you'll find an ICO that puts his tokens in a escrow wallet, that's why people aren't willing to invest in ICO anymore, they prefer buying it when it hit the exchanges instead.
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February 29, 2020, 05:32:58 PM
 #24

It would be wise if this is how bounty campaign works in the very beginning.
But sad to say that it is impossible since this forum or the admins/moderators is not responsible to filter each and every project for the sake of bounty hunters. It is bounty hunters' responsibility to find a better campaign and avoid the scams.

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February 29, 2020, 05:41:35 PM
 #25

I think it will be difficult, because their project may not be successful and get a softcap.
coupled with prices that might come down by bounty hunters after receiving their payment.
so this idea will be a little detrimental to the dev I think regardless of the goodness of the project.
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February 29, 2020, 05:49:40 PM
 #26

I think it will be difficult, because their project may not be successful and get a softcap.
coupled with prices that might come down by bounty hunters after receiving their payment.
so this idea will be a little detrimental to the dev I think regardless of the goodness of the project.
Aside from that reason,
Most of the bounty projects started with having no funds, for this reason, how are they able to pay a certain amount of funds. They are getting their allocation for the bounty payment from the funds they collected. It will be hard to initiate this kind of plan.



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Rainbot
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February 29, 2020, 05:55:44 PM
 #27

Your idea is good, but if we look at it from the perspective of the project owner, of course, it is very detrimental because they have to pay the campaign manager too. The use of escrow for bounty payments, in my opinion, is appropriate to prevent garbage campaigns. The price issue is another matter.
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February 29, 2020, 06:55:09 PM
 #28

It's so sad when bounty hunters didn't get paid for their work. I can understand that pain as a bounty hunter. Now days it's so rare to see a good quality project, if there is found some one they offer so little amount (like penny) to bounty hunter for their work. In my opinion Escrow is the best option for bounty payment. And hunters should join that project which are hire by escrow for payment otherwise it's good idea to leave that project.

In that case project team will thought if BM scam there coin then (if BM escrow in that case)..? Well then good, trustworthy and reputed BM hiring is the best choice for that. If they are really care about their project then it's not a big thing for them i guess. If project team thought that bounty payment will dump there coin then they can arrange some step, like monthly payment (of course under four months).

Actually there is always a solution for every problem. But it's depend on people that they want it or not. Last past two years was really unexpected for bounty hunters. Hope this year will be profitable year for bounty hunters.
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February 29, 2020, 07:40:30 PM
 #29

This idea is unnecessary,

Bounty hunters are participating in bounty campaigns at their own risk, bounty hunters are responsible to investigate the project they become part. If this idea was implemented it will be the same as how signature campaign on services section works, everything will change including the number of participants they can accept due to their financial ability.

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February 29, 2020, 07:46:32 PM
 #30

Yes, someone from the forum administration or a senior member can be an escrow the second option that has been a demand by hunters for long is that bounty payments should be in usdt or btc or eth as it will be win-win for all parties and will also eliminate the bounty dumping allegations also it will make hunters happy and more will join this industry as it will become truly rewarding with such policies.

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March 03, 2020, 12:48:35 AM
 #31

I think it is difficult to carry out this idea because all the projects on average they are looking for funds to develop the project, how can they pay bounty hunters if they themselves are looking for funds for the project, actually bounty hunters can find payments with bitcoin but the rules are very difficult
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March 03, 2020, 01:06:57 AM
Merited by Rodeo02 (2), AicecreaME (1)
 #32

It's a good suggestion, however, take note that the forum is not created mainly for bounty hunting. The purpose of this forum is for users to share fresh ideas and new projects related to crypto. Bounties are just additional for those projects who would like to promote their project and those who will join are given free-will to do so aware of the risk of not getting paid or not getting anything from what they are promoting.

I also have been into a lot of projects and have stayed in bounties for several months before, and forum moderators have no total control over developers not paying bounty participants since anyone is free to promote to project without requirements from the forum. It is all up to participants to make their own research to weigh the legitimacy of a project before joining.

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March 03, 2020, 01:15:11 AM
 #33

Your idea is good, but if we look at it from the perspective of the project owner, of course, it is very detrimental because they have to pay the campaign manager too. The use of escrow for bounty payments, in my opinion, is appropriate to prevent garbage campaigns. The price issue is another matter.
When they were running the bounty campaign and they must pay the bounty manager too but in this case, they are paying the campaign manager use their token.


This idea is unnecessary,

Bounty hunters are participating in bounty campaigns at their own risk, bounty hunters are responsible to investigate the project they become part. If this idea was implemented it will be the same as how signature campaign on services section works, everything will change including the number of participants they can accept due to their financial ability.
It's not caused by this is an unnecessary idea but this idea is almost impossible to be implemented into the bounty campaign (altcoin) as the majority of those new projects have no financial ability to pay the hunters at first or at least deposit some percentage of the total allocation to the escrow.

A very important suggestion that might benefit all those who like to join such
  Programs and I wish hunters find solutions for the payments issues as soon as possible.
If the developer will always stand with their decision and the solution will never be reached as there was no deal between the developer and hunters.

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March 03, 2020, 01:22:27 AM
 #34

It's a good suggestion, however, take note that the forum is not created mainly for bounty hunting. The purpose of this forum is for users to share fresh ideas and new projects related to crypto. Bounties are just additional for those projects who would like to promote their project and those who will join are given free-will to do so aware of the risk of not getting paid or not getting anything from what they are promoting.

I also have been into a lot of projects and have stayed in bounties for several months before, and forum moderators have no total control over developers not paying bounty participants since anyone is free to promote to project without requirements from the forum. It is all up to participants to make their own research to weigh the legitimacy of a project before joining.

its a forum but bounties are still main part of this forum   . bounties help the forum grow and bounties have an impact on the overall crypto economy  and also on the forum reputation  . about the payment matters i agree on what the op have suggested and i think its suggested been here before all the time but i think the owner didnt approve this idea because bounties are still paying with thier own coins  .  the only one that escrows thier payment are sig campaigns that arent totally related to ico   . that is why most users prefer these type of campaign  .
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March 03, 2020, 02:21:18 AM
 #35

I think it is difficult to carry out this idea because all the projects on average they are looking for funds to develop the project, how can they pay bounty hunters if they themselves are looking for funds for the project, actually bounty hunters can find payments with bitcoin but the rules are very difficult
I think if handled well, and maintain investor confidence, the prize for bounty hunters is not much. Doesn't every new product need a promotion to introduce to its customers ... so if done professionally, all parties will benefit


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March 03, 2020, 02:21:38 AM
 #36

Only a very few projects accept escrow for bounty campaigns, and most of them are token escrow. Projects are mostly running a bounty campaign before their tokens are created, which in practice is difficult to ensure whether the project will be successful or not, so the majority of the project team will not impersonate. You spend a lot of money to promote.

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March 03, 2020, 02:30:45 AM
 #37

You have a good point but at the same time if every projects start paying before bounty it still doesn't stop the fact that those coins can be worthless or scam, you can get paid of a token or coin that won't be useful for anyone,
Thats true even the team pay the hunters upfront nothing will change if these tokens are just shitcoins in the end. Its another display in our wallet right? Otherwise this is not the case however we know its not easy to determine a legit projects, it would be better if they pay the half of rewards in btc or eth and the rest in their own tokens, thats better but not possible for alts bounties to happen.

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Kotone
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March 03, 2020, 02:42:39 AM
 #38

Will it be wise if this forum put up a request that ALL NEW PROJECTS EXPECTING TO RUN BOUNTIES SHOULD PAY A CERTAIN AMOUNT OF FUNDS BEFORE CONDUCTING ANY BOUNTY OR run an ESCROW.

Thats the case for btc signature campaign but you cant put that up for altcoin campaign which still just launched their project since their goal is to raise fund. How come they can put up funds for certain campaign which I think is the least priority of every project. Very impossible, but some doing this but dont expect all to follow the same format for it.

RDNX
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March 03, 2020, 02:52:40 AM
 #39

Well, this is the real truth about bounties in ICO. Sometimes Dev delays the bounty payment for a lot of reasons.
So, using Escrow is a good idea to solve this problem.
ballerin and giroud
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March 03, 2020, 02:56:18 AM
 #40

Maybe that is a good idea and I there is some manager who have done it by the why. But for me, I hope the bounty campaign will be paid in existing coins especially ethereum. Or they (developer) can pay ethereum if the project is not listed on some exchange and they can pay with their own token which is being promoted by the bounty hunter if the project has been listed on the exchange and can be traded at least on some good exchange like binance or bittrex. With do that, most likely the scam project will never appear, because they must have a fund first before they have intention to promote their project on this forum.
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