Solution for bounty payments

[pawanjain]

Bounty hunters have been facing bounty related payment issues since day 1. Bounty hunters have been scammed so many times that this board have been filled with threads asking for a solution to this problem. I was just thinking about what could be the solution for the payments of bounty hunters that would be feasible for both the project team as well as the bounty hunters and an idea struck my mind. It goes like

We all know that every project has a % of amount that is allocated to bounty programs and campaigns.
What most projects do is raise the funds and then distribute the tokens at the end and this is where the scammers take advantage of this method.
A possible solution could be that the project team raise funds and distribute the % of money raised on weekly basis for that particular week and that too in BTC/ETH/ProjectTokens.

For example:
My project has 5% of money raised allocated towards bounties and campaigns. Assuming the bounties and fund raising starts on the same date,
after a week is completed the project team can distribute 5% of the funds raised in that week to the bounty participants in bitcoin or ethereum or dual (tokens+ BTC/ETH).
Similarly they can proceed with the same process the consecutive weeks until the fund raising is complete. Hence only 5% will be distributed every week for that week alone.

This way the project will still be distributing only 5% of the total fund raised but would have distributed it on weekly basis.
Since the project team will be collecting BTC/ETH from the investors they shouldn't have any problem in distributing what they promised to the bounty participants and the bounty hunters will be more than happy to receive BTC/ETH as a payment and that too on a weekly basis rather than have to wait until the end of fund raising.

Let the comments drop below!

[cytpoway121]

This is a very good method or pattern as you may term it, but trust me there will still be projects that will refuse to pay.
Non payment of bounty reward is not related to token dump, it is pure scamming attitude that no matter what method employed by bounty managers.

The best solution for me is 50% btc/eth/stable coin, then 50% project tokens, all escrowed by the escrows available in the forum.

Truth remains that some projects will be void, but the best shall prevail.

[DabsPoorVersion]

I think it is good, but not good enough,

Why not require them to allocate funds that is excluded with the amount of investments they can collect. For example, they can run a bounty that they wi pay bounty hunters base on their work (pay per posts, etc.)

Though, we can expect for the payment to be lower than before but isn't it better than receiving nothing?

Also, AFAIK, there are already some projects that implement this kind of rule in the bounty section,

[khiholangkang]

The solution you provided is good, but I think it only applies to projects that raise money using the ICO method. Now the method that is often used to raise money is IEO. The money that is collected is saved in the exchange before the IEO is finished.

So in my opinion the method you suggest is difficult to use for now.

[cryptoaddictchie]

This is a good suggestion mate. However, not all projects that conduct ICO/IEO are willing to pay on major coins such as BTC. In addition to that, what if the process has been done like that. You must consider too the chance that on the first week or following there's a chance that they cant get any funds from potential investors. This isnt the first post that suggest to have hunters compensated by major coins so I think even mostly of the participants give their opinion it is always ignored.

I think hunters should live up their standard and pick only btc/eth payment campaign which we have like my signature campaign and OP's signature. You can also do some altcoin campaign but the abovementioned request isnt gonna happened maybe for some in the past like (Metahash, Xxcoin which have btc sig paid campaign).

Risk is always there but being cautious in picking would give you relief. The process of distribution has been like that since then for altcoins and only we must endure is the pain of seeing the token dump in due time as we arent paid on what was supposedly equivalent of that token as per campaign specified. Anyway, at least your in BTC paid campaign OP.

[Ailmand]

Good idea, but how many projects are willing to pay their participants with BTC/ETH or any other tradeable crypto, only a few. Most projects opt to pay using their altcoin to save them from spending money from advertisements. The only reason I see is when they pay with their alts they won't be spending any money since the payment they are sending has no value yet.

[btcltcdigger]

Bounty hunters have been facing bounty related payment issues since day 1. Bounty hunters have been scammed so many times that this board have been filled with threads asking for a solution to this problem. I was just thinking about what could be the solution for the payments of bounty hunters that would be feasible for both the project team as well as the bounty hunters and an idea struck my mind. It goes like

We all know that every project has a % of amount that is allocated to bounty programs and campaigns.
What most projects do is raise the funds and then distribute the tokens at the end and this is where the scammers take advantage of this method.
A possible solution could be that the project team raise funds and distribute the % of money raised on weekly basis for that particular week and that too in BTC/ETH/ProjectTokens.

For example:
My project has 5% of money raised allocated towards bounties and campaigns. Assuming the bounties and fund raising starts on the same date,
after a week is completed the project team can distribute 5% of the funds raised in that week to the bounty participants in bitcoin or ethereum or dual (tokens+ BTC/ETH).
Similarly they can proceed with the same process the consecutive weeks until the fund raising is complete. Hence only 5% will be distributed every week for that week alone.

This way the project will still be distributing only 5% of the total fund raised but would have distributed it on weekly basis.
Since the project team will be collecting BTC/ETH from the investors they shouldn't have any problem in distributing what they promised to the bounty participants and the bounty hunters will be more than happy to receive BTC/ETH as a payment and that too on a weekly basis rather than have to wait until the end of fund raising.

Let the comments drop below!

You need to take into consideration that each distribution takes time, effort and gas in order to be distributed.
And it still doesn't protect you from projects that end up dead without any exchanges. You'd be getting worthless tokens which you can't sell

[Zeke_23]

It will be hard to implement, we all know that ICO/IEO's are having difficulties to raise enough funds for the project. If they will allocate 5% of their raised funds every week for the bounty project, there are chances that your payout in a certain week will not be enough for the work you provided, or maybe you don't get any since as I have said, they are having a hard time to raise enough funds because investors are not confident enough to risk their money.

[yazher]

Base on my personal experience, bounties that are paying their participants with ETH can get the max potential participants out there. if they limit it to the member of the high ranks here, they can get some nice and suitable participants for their campaign. they also need to have some capable managers to handle that like Hhampuz and Julierz where they can have a satisfactory result they can get with their managing service. Anyway, if they also used some escrow, they can maximize the number of participants according to their limit.

[Pecunia non olet]

It would be nice for bounty hunters but not for project creators. Imagine, in 99% they are here just to earn quick mojey, so they will not give you any part of their raised amount. The rest 1% will not manage bounty campaign because they rather invest into real marleting.

[Rodeo02]

You are making it more complicated. Its better for them to start a campaign that pay in ETH instead of token's give allocated eth fund for that campaign and do not  use a tokens for payment. The only question right now is if the campaign having that will be successfull and get enough investors ?
Project do not want to use any money to use as capital, because they dont know if that campaign they  want to start will be successful.

There should one project start this kind of campaign then if this one success to raised enough funds then other project will also follow.

[adzino]

Bounty hunters have been facing bounty related payment issues since day 1. Bounty hunters have been scammed so many times that this board have been filled with threads asking for a solution to this problem. I was just thinking about what could be the solution for the payments of bounty hunters that would be feasible for both the project team as well as the bounty hunters and an idea struck my mind. It goes like

We all know that every project has a % of amount that is allocated to bounty programs and campaigns.
What most projects do is raise the funds and then distribute the tokens at the end and this is where the scammers take advantage of this method.
A possible solution could be that the project team raise funds and distribute the % of money raised on weekly basis for that particular week and that too in BTC/ETH/ProjectTokens.

For example:
My project has 5% of money raised allocated towards bounties and campaigns. Assuming the bounties and fund raising starts on the same date,
after a week is completed the project team can distribute 5% of the funds raised in that week to the bounty participants in bitcoin or ethereum or dual (tokens+ BTC/ETH).
Similarly they can proceed with the same process the consecutive weeks until the fund raising is complete. Hence only 5% will be distributed every week for that week alone.

This way the project will still be distributing only 5% of the total fund raised but would have distributed it on weekly basis.
Since the project team will be collecting BTC/ETH from the investors they shouldn't have any problem in distributing what they promised to the bounty participants and the bounty hunters will be more than happy to receive BTC/ETH as a payment and that too on a weekly basis rather than have to wait until the end of fund raising.

Let the comments drop below!

Doubt they would do that. People would be really disappointed with the payment they will be receiving weekly. What if the project raised  only few dollars at the first week. That 5% of the few dollars would be split among hundreds of bounty hunter as a payment. That is, everyone will receive just dust payments that won't even cover any transaction fee and we will be seeing more people crying more in this forum. Again, I doubt the developer team would like to make payments using BTC/ETH. They will want to be using their own tokens.

[angrybirdy]

It is impossible to happen.
I don't think that bounty projects will distribute their payment every week. Aside from that, you also said that they will get 5% of allocated funds for bounty campaign from the money they collected. What if they don't have enough money collected, how are they suppose to divide 5% to a different bounty psrticipants. It will just give a commotion in the end.

[Balladtony77]

You will have to become a bounty manager with this rules to work, or either create a bounty platform separately but I doubt if many new projects would love to follow this rules of yours, the best solution to this will remain escrow

[Rodeo02]

You will have to become a bounty manager with this rules to work, or either create a bounty platform separately but I doubt if many new projects would love to follow this rules of yours, the best solution to this will remain escrow

they will prefer to still use the tokens as payments this habbit will only change if bounty hunters stop promoting any project and decided to accept only payment in btc.
Then they will learn to addopt that things and no other choice than to accept that they need to pay in btc or eth instead.

As long as there are many people continue to accept token as payment it will continue.

[bttmember]

Your suggestion is too good to be true, i know it is favorable for bounty hunters and also a good solution to current problems but i do not think any project will follow it, i think even if full campaign payment is made in btc/eth or usdt even after the end of campaign it will still be great because weekly payment can put severe workload on team and bounty manager which will make it difficult for them to handle again and again.

[GideonGono]

This is good because those project will be gain trust but I think this is very hard to happen since the project don't have enough fund to run that campaign. That's why they will still use thier shitcoins to pay us, because they don't need to pay bounty hunters in weekly basis.  And they don't need to allocate huge fund in Bounty which is not good for us because when we recieve the bounty this will be shitocoins or become a good coins.

[Thomas-s]

teams will not do this, because all projects want to delay payment for bounty hunters as far as possible. they use every opportunity to pay less money or not pay it at all. They delay the payment of bounty rewards for half a year and then make a Google form that needs to be completed in 2-3 days(or KYC) to receive the reward. if you do not have time then they said "sorry we warned in the chat". "you do not follow the updates of the project." you need to participate only where projects already have a reputation or they paid with bitcoin or ethereum

[mersal]

Most of the bounties started months before their ICO period starts to get exposure for their project so the best solution will be pay from their pocket.Why they have to hesitate if the project is worth to get invested and if it is not then no bounty hunter should join and waste their time by doing shit tasks.

[Divinespark]

To be honest, no project is interested in bounty at the moment, the market is too boring and their projects will never succeed at this stage. So bounty will die just like those projects, joining bounty is a waste of our time because it won't bring any profit.