Solution for bounty payments

[retnoanjani]

That is indeed a fairly effective and profitable way for bounty hunters, but certainly quite troublesome for developers. I made a few notes regarding the strategy you submitted:
1. It will be effective if the reward is in BTC or ETH or another strong crypto, or coins/tokens from the project that have been listed on the exchange, this strategy is to overcome the concerns of a large dump by the bounty hunter because they can sell it separately for each week.
2. The development team and BM are ready to provide extra fees and efforts for the distribution process every week, for low budget projects that will definitely reject this.

[Bonwin]

Some suggestions could be very good. In fact, they could be the best, but the question we should ask first is how feasible it is.
Let's be sincere with ourselves, most projects in the crypto space would not want to agree to share the fundraised with anyone. Where we should have known this, is when it comes to maintaining the price of token listed on an exchange. This is usually done with the fundraised.
Meanwhile, a project that cannot do that, will naturally decline paying hunters in money raised.

[Twinkledoe]

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.

Aside from that, most of the projects are not really raising money from ICO. Very few of them will disclose the real truth of their fund raising activity so most of the time, you will see manipulated numbers. Up until now, very rare that a project will give their bounty payments outright, like 2-3 weeks after their ICO or IEO. It is usually months and months of waiting for the bounty hunters. What the OP suggesting is nice to hear, but the actual implementation is very difficult. But I remember one token before, Hubris, they paid their bounty hunters every week via their token. But the problem lies about the exchange listing. The price is way below from their ICO price upon listing. So I guess, joining bounty programs is really tough. Your choice to join or not.

[Utoy101]

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!

I doubt if any project will agree to this, the whole crypto market downtrend is affecting everyone not just bounty hunters but even the projects devs are complaining as it is getting more difficult by the day to raise money for startup projects. No matter what strategy got applied to bounty payment,  it wont stop scam projects from doing their usuals and sometimes,  these project developers do have intentions to pay but the general market downtrend do turn tokens to shiit worth of nothing, evens if such tokens got distributed,  it will rot in your wallet

[mdzahed134]

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.

Bounty projects interested to pay their native tokens but mostly garbage because end of the day they will go deceive with bounty hunters. Your all of points are good things if it will applicable in the single campaign. Why you can't expect profit or worthy payments at this time but you won't expect payments from all of those bounties.                

[boltz]

A good solution for bounty payments would be that the team of the project should have the bounty token funds before ending it and letting the hunters with a less supply than before or even not paying them at all as I saw a lot of this situations and the train not seems to stop anytime soon.

Also lets look at the project side now when the funds are not coming into ICO's like they did 2 or 3 years ago so they are struggle to raise the necessary funds but they should not make bounties if they cannot pay the participants.

[shinratensei_]

So many threads about to discuss the solution for bounty payments have already created but this will be going back again to the team's decision whether they wanna use a native coin to pay the hunters or not. This idea is too far to be a real thing as the developer is having all of the control over the funds. if that was using escrow and it's still possible to happen but when it will be paying by the team directly and just try to think about this will be useless. I really appreciate your idea but the result depends on the team. I don't even think if those guys on the team wanna use the native coin that has real value and liquidity to pay the hunters.
that will never happen. Escrow is the only solution but that has rarely used in the bounty campaign.

[princerepon]

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

That's exactly rolling in my minds when i was reading OP's post. Reward just worthless if you can't use it. I got hundreds of tokens/coins which are valueless, so i worked for them and i got literally nothing. In that case if some projects offer 50% eth (or btc or that based token which it created from) and 50% project token/coin then it'll be great. It's a win win situation for both side i guess. Cause bounty hunters got paid no matter project reach their goal or not and project also spread their coin through the bounty hunters.

[ice098]

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.

Sometimes it made me realize that I will be quitting crypto, but I never gave up until the entire forum will die. Still we're here alive and kicking so there's no reason for us to leave crypto, and maybe if that certain project comes to a non sense idea due to non profitability but we need to divert on other options like trading other crypto that which you think sustainable, because relying on bounty isn't an assurance.

[gundala]

So many threads about to discuss the solution for bounty payments have already created but this will be going back again to the team's decision whether they wanna use a native coin to pay the hunters or not. This idea is too far to be a real thing as the developer is having all of the control over the funds. if that was using escrow and it's still possible to happen but when it will be paying by the team directly and just try to think about this will be useless. I really appreciate your idea but the result depends on the team. I don't even think if those guys on the team wanna use the native coin that has real value and liquidity to pay the hunters.
that will never happen. Escrow is the only solution but that has rarely used in the bounty campaign.

You're right, so far escrow is the best choice by providing a guarantee that bounty hunters will be paid according to the initial agreement, this reduces the risk of allocation cuts. But do not expect too much if there is no guarantee for listing on the exchange, so expect only as needed so as not to be too disappointed. Being wrong is indeed a bounty hunter, we must always be prepared for whatever risks that will occur, so strengthen your mentality.

[pawanjain]

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.)

Most projects allocate rewards as project tokens because they don't really have enough capital to pay the bounty participants their rewards.
This is why I gave a solution to pay potential cryptocurrencies such as bitcoin and ether from the the funds they raise.
If any project is denying this, then it means they want to scam the bounty participants.
This can be one of the ways to identify scam projects because the genuine projects should not have a problem if they are raising enough funds.

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

That's exactly rolling in my minds when i was reading OP's post. Reward just worthless if you can't use it. I got hundreds of tokens/coins which are valueless, so i worked for them and i got literally nothing. In that case if some projects offer 50% eth (or btc or that based token which it created from) and 50% project token/coin then it'll be great. It's a win win situation for both side i guess. Cause bounty hunters got paid no matter project reach their goal or not and project also spread their coin through the bounty hunters.

I did mention that the project can allocate dual payment system which will be better for both the project team and the bounty participants.

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).

[ballerin and giroud]

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!

That should be a solution I guess, the developer should have a plan to use the fund. Let say the team need 70% from the fund to develop/build the project and the rest the fund can be allocated for bounty hunter as their promotion place. There is an advantage for the developer to build their token, such as when the token has been listed on the exchange they will never be afraid to see the token price is dumping because the investor will keep the token on their wallet. It will be different when the developer use their project as a payment methode, I believe when the token has been listed then there will be many bounty hunter who sell the project and make the price decrease.

[Lexurdania]

So many threads about to discuss the solution for bounty payments have already created but this will be going back again to the team's decision whether they wanna use a native coin to pay the hunters or not. This idea is too far to be a real thing as the developer is having all of the control over the funds. if that was using escrow and it's still possible to happen but when it will be paying by the team directly and just try to think about this will be useless. I really appreciate your idea but the result depends on the team. I don't even think if those guys on the team wanna use the native coin that has real value and liquidity to pay the hunters.
that will never happen. Escrow is the only solution but that has rarely used in the bounty campaign.

You're right, so far escrow is the best choice by providing a guarantee that bounty hunters will be paid according to the initial agreement, this reduces the risk of allocation cuts. But do not expect too much if there is no guarantee for listing on the exchange, so expect only as needed so as not to be too disappointed. Being wrong is indeed a bounty hunter, we must always be prepared for whatever risks that will occur, so strengthen your mentality.

Agree, escrow makes bounty hunters feel comfortable because the allocation is clear and may not change anymore. Campaigns that provide payment in the form of ethereum or bitcoin can be an alternative but usually budgeted allocations are not much

[kaneki007]

I agree with your suggestion to pay bounty hunters on a weekly basis like a campaign because it is more effective like this and there is clarity about distribution so bounty hunters don't hesitate or ask when they will start distribution. Or at least the funds for the allocation of the bounty are held by the bounty manager to avoid projects that don't pay.

[tsaroz]

This is surely the better way of rewarding the participants, whether be it weekly or at the end of the advertisement period, at least half of the reward should be in popular coins and just the rest of half or lesser on tokens. This would not only make the participants happier, it would also prevent the so called dumping of bounty rewards.

[minairia3]

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.

Its easy to say, but as you can see. Most developers needed funds in order to continue their progress and they arent rich like others who like to spend their own for giving some rewards for those who will help them get attention. The timeline for some marketing isnt matched with what OP's suggestion as not all are same in launching their ICO but mostly doing their ahead of time for some boost.

This is surely the better way of rewarding the participants, whether be it weekly or at the end of the advertisement period, at least half of the reward should be in popular coins and just the rest of half or lesser on tokens.

Monthly at least to give some space for their adjustments. Managers will check first and needed to finalize every payments. Plus its a huge set of participants, doing it weekly will be burden. Plus budget wise, Im not sure this is effective on their part.

[shaheer001]

I think this is also good solution but not possible in BTC/Eth payment only good for the project tokens, My proposal is when any project conducts the IEO/ICO then the bounty manager must collect the tokens from the project in term of pre-funded bounty, as then the Bounty manager will respond and I am sure he will deliver the bounty rewards to the bounty hunters well in time.

[Latines]

You came up with a very interesting idea. But there is one problem. Do you think someone will do this? Because it is superfluous work. It is much easier to pay once at the end than to pay every week, because some projects run the program for several months. They need to do a lot, but here is a new point, which, if applied, cannot be carried forward. In general, I believe that no one will do it.

[sisule]

I think best solution for bounty campaign hunter is distributed coin on time, after ICO or IEO ended is not the reason why have to delay distribution for bounty participants, its not care about how much coin price on the exchange market or coin not ready for listing.

[Lhaine]

You came up with a very interesting idea. But there is one problem. Do you think someone will do this? Because it is superfluous work. It is much easier to pay once at the end than to pay every week, because some projects run the program for several months. They need to do a lot, but here is a new point, which, if applied, cannot be carried forward. In general, I believe that no one will do it.

if that things work do you really think the campaign will open for all? Of course not ,they will only required a number of member to participate and besides counting everything is the manager jobs , so even its weekly ot monthly its still the same unless the manager is too lazy not to count all qualified participants in weekly basis.

I think best solution for bounty campaign hunter is distributed coin on time, after ICO or IEO ended is not the reason why have to delay distribution for bounty participants, its not care about how much coin price on the exchange market or coin not ready for listing.

the delay is ok if there are value we are expecting to the tokens we hold the problem if there is not , why delaying to distribute the tokens which is actually dont have value.

The problem we experience right now is the payment rate its too low for the job done.