High rewards still possible in bounties?

[killerfrost]

Recently I saw the bounty of HOMT, their budget is over 1 million tokens, but its price is being traded at $ 0.25. This is really a crazy campaign this year and if they make the payment as promised then surely the bounty hunter will get a lot of money from it.

I did research on the HOMT bounty project, the use case is not good enough believe me, there won't be too many demand for that token so it won't withstand it's 0.25$ price on exchange, dumps is certain

Yes, I took a look at this project and went to exchange Probit. They are listed there and the current price is $ 0.27. But that's just a fake price, when looking at the wall buyer, there aren't any orders that are too big, and if have 1000-2000 tokens sold, the price will fall to 0.02$ or lower.

[PANK21]

Is high rewards like 350,000$ for bounty hunters still possible this days? I know it's all down to the success of the project but is this still achievable? How many successful projects with such reward paid hunters since 2018 that you know?

That high rewards like 350k$ for bounty hunting is not possible these days. Since 2018-2019 came many bounties has not been trusted due to the high scam rating. Most promising projects doesn't pay that much also. Im not generalizing but these days bounty campaign are for 90% advertising, rewards that are promised to the bounty hunters are not a priority. Some bounty coins are very likely to become shitcoins because of dumping. I dont know how many successful projects in 2018 but i hope they get paid fair and square.

[Dart18]

Recently I saw the bounty of HOMT, their budget is over 1 million tokens, but its price is being traded at $ 0.25. This is really a crazy campaign this year and if they make the payment as promised then surely the bounty hunter will get a lot of money from it.

It's a crazy number but there is no assurance it will stay that way.
So why are they doing bounties if the token is already valued at a good price.

Sorry, haven't visited their ANN page yet.
I just want to see some updates of bounty hunters here.

Okay,  so I read the bounty campaign and it will run until August. That means 3 months of working for them.
Will you really take that kind of risk for uncertain payment?

[umbara ardian]

Recently I saw the bounty of HOMT, their budget is over 1 million tokens, but its price is being traded at $ 0.25. This is really a crazy campaign this year and if they make the payment as promised then surely the bounty hunter will get a lot of money from it.

Certainly its price will be reduced many times in the future. Their topic bounty say budget is $ 320k. But in fact the current price is 10 times higher, this bounty lasts for 3 months and you will have to wait the next 1-3 months to receive their token. At that time, I expected the price would be at 0.01 or lower

[ScamViruS]

Is high rewards like 350,000$ for bounty hunters still possible this days? I know it's all down to the success of the project but is this still achievable? How many successful projects with such reward paid hunters since 2018 that you know?

Each project has its own promotional budget. Now the ico market is not like before. It is very difficult for an ico to succeed now. Because investors are not interested in investing in ico. Investors are now scared because a lot of scams are coming.  As a result, the project team has to think about the promotional budget, and the impact on the price of the token after making a bounty payment. So now the huge budget bounty doesn't come like before. If ico is not successful then Bounty Hunters will have no profit even if they have a budget of $1 million.

[b1k4ng]

Recently I saw the bounty of HOMT, their budget is over 1 million tokens, but its price is being traded at $ 0.25. This is really a crazy campaign this year and if they make the payment as promised then surely the bounty hunter will get a lot of money from it.

yes if it's paid, because I see some bounties always have many reasons when it is approaching the distribution phase and many of them reduce the allocation of more than 80% even there are also some that end up scam so the hunter does not get anything. let's see how HOMT after the bounty ends.

[CashbackLover]

If bounties aren't paying anymore why are people still joining? Every comments I've read on here says bounties don't pay anymore or they pay too little this days, I'm confused here, also there are bug bounties, why aren't people giving that a try? Heard payments are way better

[Dr.Osh]

Depending on allocation per bounty, even a small allocation could be profitable if it will attract more demand after its listed on exchange. Its very odd to find a gem project nowadays so we have to pick carefully the projects that we wanted to get involve into.

there are two that influence this, namely participants and allocation. if the allocation is rather large, surely the participants are not limited, especially if it is a promising project. to be honest, at this time it was quite difficult to find a bounty with a large allocation. although sometimes it's big, but sometimes the price doesn't match what we think. however, I can only support projects that I believe are worth and might be able to pay me worth.

[bobyhodob]

Depending on allocation per bounty, even a small allocation could be profitable if it will attract more demand after its listed on exchange. Its very odd to find a gem project nowadays so we have to pick carefully the projects that we wanted to get involve into.

there are two that influence this, namely participants and allocation. if the allocation is rather large, surely the participants are not limited, especially if it is a promising project. to be honest, at this time it was quite difficult to find a bounty with a large allocation. although sometimes it's big, but sometimes the price doesn't match what we think. however, I can only support projects that I believe are worth and might be able to pay me worth.

I think it is true because these two factors are very important to be able to get very high results, but sometimes the project providers usually always want to get a lot of profit by maximizing the promotion in the bounty campaign so that there are projects that do not think about limiting participants to increase the popularity of the project.

[Mianae]

It's possible for such high rewards. I have seen some campaigns giving much higher rewards than you have mentioned. What we should think of is what will be the cost of these tokens when they're distributed to the hunters. A high reward during bounty can be less when distributed.

[Kezacky]

it seems that in 2020 it is very impossible to get high prizes with the nominal you mentioned above. Yes, even though there are many good projects out there, the fact is that fraudulent projects are still around us and depend on luck if you rely on money from bounty projects.

[Jocuserious]

It's possible for such high rewards. I have seen some campaigns giving much higher rewards than you have mentioned. What we should think of is what will be the cost of these tokens when they're distributed to the hunters. A high reward during bounty can be less when distributed.

A good Project never expected high rewards bounty amount because there has target investors profits with avoid price drop. Since 2020 year its seems like very impossible for higher rewards bounty in a project. Although some project wanna giving higher bounty pool but after that their price with volume going to death.

[iTradeChips]

Here basically lies the confusion. Many participants spend like months to a bounty campaign and that limits the chance for the person to check on the other bounties. There are bounties that basically pay very small amount of money like a few dollars for a months work, and that should also be expected of bounties right now. If you planning to make bounties your main source of bread and butter then you need to think twice about it.

[Sanugarid]

it seems that in 2020 it is very impossible to get high prizes with the nominal you mentioned above.

Completely impossible, not just for 2020 but maybe for the more next 5 years. I'm very skeptical with the projects these days, the success rate of them is not as high as I used to see back then there are more scam projects than legit ones, legit ones getting low score on the market making them fail after being launched or listed in an exchange, easily dumped by the investors.

Yes, even though there are many good projects out there, the fact is that fraudulent projects are still around us and depend on luck if you rely on money from bounty projects.

I see a lot of good projects, but none of them are doing bounty hunting anymore. Obviously, this is not what they need for marketing they can possibly do it on their own.

[80jutaa]

$ 350,000 is a big amount. I think it's impossible for a prize hunter right now to make hundreds of thousands of dollars from the results of a bounty campaign.

[awwal1206]

Maybe, but it rarely happens because most of the bounties out there now are mostly scams unlike 2017/ 2018

[jajorforce]

Here basically lies the confusion. Many participants spend like months to a bounty campaign and that limits the chance for the person to check on the other bounties. There are bounties that basically pay very small amount of money like a few dollars for a months work, and that should also be expected of bounties right now. If you planning to make bounties your main source of bread and butter then you need to think twice about it.

From now on, any good amount bounty rewards are possible. We know that cryptocurrency bad situation will be over because halving time is over. Because now any legitimate project coin will be valuable if we can hold it for more than 2 years. Although now it is very easy to find a legit project.

[HunterUnchained]

There still is but unfortunately, very difficult to come by and this depends on several factors. Gone are the days where almost every bounty had the possibility of paying us huge big time. These days, we feed of crumbs and actually get to take what we are given or what we see. Bounties aren't paying hugely as they once were. You need to be extremely lucky this days to have any sort of earnings. It has become that difficult.

[Keras kojor]

In my opinion, looking at the current market situation, it is not possible to give a very large gift allocation, because it can be seen that usually new projects that enter the market have a volume price that tends to be low, and if they give a large allocation to the gift, then that is tantamount to destroy the price of their tokens.

[Jorge158]

To determine the rewards from bounty programs, the bounty participant must first check the allocation of tokens given to the bounty and the value of it based on the ICO price. Apparently, bounty programs have higher allocation than airdrops and depending on the number of participants that enroll for a particular campaign, decides the amount a participant may accumulate.