Top exchange listed bounties is getting sucks

[itsv]

This is the most brutal bounty distribution I've ever experience. the moment you will receive your rewards, it'll be too late. the price will likely decrease up to -90% unless you have a very good project in your hands which is rare nowadays. the start of distribution will become a competition of who will sell their tokens first. you kate to sold it in an hour, you will lose some big amount. that's how it works when it comes to this kind of distribution.

I think it's a bit common nowadays, I remember last 2017 when I was still a bounty hunter, The dump after the distribution is not happening every time because most of the project devs before have a strong belief in their project and the devs are putting their best to avoid the sudden price dump after distribution. Then 2018 comes, it's the time that good projects are rarely to be seen and scamming are happening side by side, worthless tokens being distributed and the trust of investors was gone.

yes i agree back in the day bounty distribution was not that big of an issue. It has become very common to blame the bounty hunters for the dump. Majority of the bounty campaigns doesn't have large chunk of tokens allocated towards bounty distribution.

And out of thousands only few hundred bounty hunters who got good ranks get rewards that worth something. Most of the time whales are responsible for the dump.
Secondly if the bounty distribution was to be done in stages it should be clearly stated at the start of the campaign. So that there are no issues in the later stages.

[bitbollo]

Yes sure @forexandcryptoauditor a typical delay at libitum

price reduction  it's very reasonable for blockburn

Hi can you explain what is the difference between "collapsing" and "price reduction" when we are talking about the value of a token ?  

I mean when they advertised their bounty the price was 0.260958 USD (1 old token)
meanwhile price is 100 new token (1 old token)  $0.009057  
(Total market cap= $32,492)

https://bitcointalk.org/index.php?topic=5233059.0

100 new token (1 old token) 0.013421 USD 31 March 2020
100 new token (1 old token) 0.016828 USD 29 March 2020
100 new token (1 old token) 0.0347 USD 15 March 2020
[Start of bounty 0.260958 USD (1 old token).....]

[kingzpro]

You are right, whatever you do whichever kind of bounty campaigns you join, life has been made tough for bounty hunters, untill we get united and form a union or body or some group we will be kept on exploited by every project campaign, many people have even stopped doing bounties now because they are not satisfied with the results after working for months.

[kaneki007]

I think it's reasonable because it's one of the ways to avoid dumping prices because maybe the project team thinks that if the distribution bounty before IEO is complete, then when it is list, there will be many who sell tokens including investors who want to take profits. So, there have been many projects that pay bounty hunters to divide their payments into several phases and wait for about 1 month more after listing on the exchange.

[mynadira]

I think it's reasonable because it's one of the ways to avoid dumping prices because maybe the project team thinks that if the distribution bounty before IEO is complete, then when it is list, there will be many who sell tokens including investors who want to take profits. So, there have been many projects that pay bounty hunters to divide their payments into several phases and wait for about 1 month more after listing on the exchange.

distributing tokens to bounty campaign participants when the IEO process or fund collection has not been completed will indeed have a negative impact on the price at the exchange but you can apply locking for the token holders so that the bounty campaign tokens will not collapse at the exchange place.

[MCobian]

It is true that now is a difficult moment for bounty hunters, since 2019 until now only tachyon protocol projects are paying quite good.
The rest of the payment of hunter bounties is not feasible. Even some IEO projects have to wait for hardcap sales to be achieved to pay
bounty hunters. Knowing this reality made me upset, but I could not do anything. So from now on I am following a gambling signature
campaign for which payment is clear, although not so large.

[Youghoor]

No offence but I believe every bit of these terms were stated in the bounty rules yet you still participated. This is where campaign promoters need to really go by their words and stop promoting some of these projects. We complain that some rules are not fair to we the promoters yet when they launch a bounty with these draconian rules we still jump on board and support. If they feel a strong resistance on our part I am sure they would amend the general terms to favour bounty hunters.

[thisnewcoin]

Cartesi announced 50K USD worth giveaway only to participate in their game contest which is done within one week and I heard Binance is already prepared to send the tokens!  Where bounty hunters worked for several months without knowing the value of the tokens, but their tokens will be given in 3 batches! This is really unacceptable!  Therefore top exchange bounty has always low rewards! I am fed up too, but maybe it's our fault! Because whenever we see a good project brings a bounty campaign, we jump on that, even if they have the low allocation!

[Banadony]

it all depends on the project marketer. i participated in veracity bounty and i have been following that project till date. it is a wonderful project i must say with huge marketing strategies. they have listed in most top exchanges as a result of their aggressive marketing and campaign. this is a project that started from scratch. did a successful bounty and distributed their token accordingly.

[asriloni]

Cartesi announced 50K USD worth giveaway only to participate in their game contest which is done within one week and I heard Binance is already prepared to send the tokens!  Where bounty hunters worked for several months without knowing the value of the tokens, but their tokens will be given in 3 batches! This is really unacceptable!  Therefore top exchange bounty has always low rewards! I am fed up too, but maybe it's our fault! Because whenever we see a good project brings a bounty campaign, we jump on that, even if they have the low allocation!

That's why I will not even expect a good result even those people who promoted for the trusted bounty can be deceived by the team. You must see that how much the total allocation for the bounty participants compared with the contest and it's almost the same. I may think if the contest has a better allocation than the bounty campaign.

[Script3d]

Cartesi announced 50K USD worth giveaway only to participate in their game contest which is done within one week and I heard Binance is already prepared to send the tokens!  Where bounty hunters worked for several months without knowing the value of the tokens, but their tokens will be given in 3 batches! This is really unacceptable!  Therefore top exchange bounty has always low rewards! I am fed up too, but maybe it's our fault! Because whenever we see a good project brings a bounty campaign, we jump on that, even if they have the low allocation!

But atleast the token is already listed and the bounty hunters are getting paid but i think they are some bounty hunters out there that dump the coin i can understand why they split it into batches. I checked the coin you mentioned it seems it has 9 million volume, the devs shouldn't worry about the price dropping  with that volume, i do agree with you that it's unfair for bounty hunters.

[joshua123]

This is really alarming, even the most respected exchanges are dealing with investors. Imagine listing a project and it dumps badly within few days and when it's about to distribute to bounty hunters it will be as good as nothing. Few exchanges though assures more and some are not even top exchanges.

We cant really do anything about it, lucky those who joined cartesi that they can exchange their token hassle free because it was on Binance. Traders are the one doing the trades and as everybody knows the market is not controlled by anyone so there is no really problem here. If the bounty got distributed then theres no value at all then thats what you called bad luck.

Lucky those top winners who are joined the game cause they just win some tokens with just earning. Imagine, they can even get the tokens earlier than bounty participants.

[Novatech8]

Before the D-Day gets here Cartesi price would have dumped alot, I hate delays to be honest but what I don't like about Cartesi decisions is they paid those who joined their community gaming task on binance which costs 50k $$$$ and bounty allocation Worth is 45k$, this is totally unfair

[bussybuddy]

Yes sure @forexandcryptoauditor a typical delay at libitum

price reduction  it's very reasonable for blockburn

Hi can you explain what is the difference between "collapsing" and "price reduction" when we are talking about the value of a token ?  

I mean when they advertised their bounty the price was 0.260958 USD (1 old token)
meanwhile price is 100 new token (1 old token)  $0.009057  
(Total market cap= $32,492)

https://bitcointalk.org/index.php?topic=5233059.0

100 new token (1 old token) 0.013421 USD 31 March 2020
100 new token (1 old token) 0.016828 USD 29 March 2020
100 new token (1 old token) 0.0347 USD 15 March 2020
[Start of bounty 0.260958 USD (1 old token).....]

Obviously this is a scam project, and I've see your analysis before. But until now, this project has become a scam just like you said. The price has collapsed too many times and there is no chance of coming back. Stay away from this bullshit project, and they even scam bounty and don't distribute it

[bakasabo]

I can’t even imagine how the reward for the participants of the Bounty companies can affect the pricing of coins of specific companies.  

Are you familiar with Moozicore project? The project ran bounty during their ICO and it was uknows how many tokens were sold. Later, Moozicore had several rounds of IEO. It turned out, that bounty campaign budget was few times more than investors could buy during all the IEO rounds. When the tokens got listed, hunters dropped the price 10-20 times down then it was on ICO.

[jossiel]

They are not prioritizing their bounty hunters instead they focus on the investors and that's why if not delayed, they are sending the payment of bounty hunters in batches.

I think that's the strategy that they have come up with to avoid the continuous dumping whenever the hunters receive their reward. There were bounties that do have a lock-in period that bounty hunters who have received rewards can't even sell it right away.

in fact, the supply of tokens for bounty hunters does not exceed 5%, so even if all hunters carry out mass sales at the time of receiving the prize, this will affect only some time, and it is also impossible for all hunters to sell at the same time.

You may feel that it's just a small amount but it's still part of the whole supply and that's what they are trying to avoid. They don't want their holders to dump it so that it can retain the value.

Because, if the early times that their coin is already listed and it keeps dumping. The chance of getting more traders and buyers for that coin will be lessen because they will think that it's starting to be dumped by most holders.

[Dhoe]

I can’t even imagine how the reward for the participants of the Bounty companies can affect the pricing of coins of specific companies.  

Are you familiar with Moozicore project? The project ran bounty during their ICO and it was uknows how many tokens were sold. Later, Moozicore had several rounds of IEO. It turned out, that bounty campaign budget was few times more than investors could buy during all the IEO rounds. When the tokens got listed, hunters dropped the price 10-20 times down then it was on ICO.

It's a pity for investors, if a project provides more tokens for the Bounty campaign than tokens to be sold to investors, then the price drop is definitely happening. I think it was Moozicore's developer mistake. If they think about the fate of investors, they will not doing like that.

[Mighty_crypt]

They are not prioritizing their bounty hunters instead they focus on the investors and that's why if not delayed, they are sending the payment of bounty hunters in batches.

I think that's the strategy that they have come up with to avoid the continuous dumping whenever the hunters receive their reward. There were bounties that do have a lock-in period that bounty hunters who have received rewards can't even sell it right away.

in fact, the supply of tokens for bounty hunters does not exceed 5%, so even if all hunters carry out mass sales at the time of receiving the prize, this will affect only some time, and it is also impossible for all hunters to sell at the same time.

You may feel that it's just a small amount but it's still part of the whole supply and that's what they are trying to avoid. They don't want their holders to dump it so that it can retain the value.

Because, if the early times that their coin is already listed and it keeps dumping. The chance of getting more traders and buyers for that coin will be lessen because they will think that it's starting to be dumped by most holders.

You do have a point but the price should be stable then, why keep dumping when bounty hunters haven't been paid yet? If this move is to avoid the dump and dump is already happening I think the end result will be very unpleasant

[judeafante]

we cannot do anything about that... they want to avoid the dumping of coins.. specially those projects that have potential..

If a project has a potential they won't care about dumping, there will always new and old investors that are going to pick the coins, a good project don't care about dumping all they care is the platform, if the community see that the platform is good they will pick all the coins that were dumped, these projects should also have buy-back mechanism so to prevent dumping.

[$anounimus$]

If I am not mistake, The owner when make project has prepared a review study, Make  rules are deemed necessary. example for both allocation, distribution processes and the value of fit back for each who invests with different mechanisms.

It is also very likely that prize Bounthy hunters will experience a shift in value and time during the process of distributing gifts after  read further notice from stakeholders.