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Author Topic: Devs please have some respect  (Read 916 times)
Ken_terrance (OP)
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June 03, 2020, 06:32:27 AM
Last edit: June 03, 2020, 01:43:40 PM by Ken_terrance
Merited by serjent05 (1)
 #1

It seems developers don't know what they are doing, many of them that put blames on bounty hunters for price dump , they must be high on drugs or something, this is just simple arithmetic

A devs create a coin with 100 million supply

He decide to do IEO with 50 million coins of the supply

He decide to do IEO at the price of 0.1$

But to attract investors he introduce a discount of 0.05$

He was lucky to see many investors investing in the project even when he chooses not so good exchange

And price surge over 3.5$

Please tell me, how will investors hold the coins when they see gains that can take them years of holding to achieve???

Developers you are the main problem affecting your coins and tokens, bounty hunters only share up to 1% of your max supply, have some respect

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HodlerKing101
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June 03, 2020, 08:06:03 AM
 #2

This is true in some ways, OP. All these greedy CEO's, project starters are what's making the crypto industry look bad, and make people and corporations shy away from the technology.

Imagine if we have a good image and people don't think of scam when they hear altcoins/blockchain/crypto, etc. That is possible, there are major key players like Nestle for example that are lining up because the technology is massive. We need to get the right people, the higher ones, to start the movement and adoption will go from there.
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June 03, 2020, 08:57:27 AM
 #3

Developers aims is to attract millions of investors by all means, that's why they use attractive discounts, that's why I only trust projects that raised fund privately for their coins, it's hard seeing such projects lose value when trading starts, another one are projects that has NO ICO and No Premine, fundraising is now money making scheme for developers, nothing more.

joshua123
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June 03, 2020, 10:37:32 AM
 #4

Can you share what project is this? Im thinking its only script right for an example how developer works on IEO coins? Cause your pricing is very confusing, like you said the price is $0.10 per coin but the developer will give discount at $0.45 per coin how it become a huge discount? Maybe you are jumble it and the price is 0.45 and the discounted price is 0.1, I dont know if Im correct on my assumption but is it?

Whats the problem with the developer actually? I dont see the fuss here or issue. Next time make your statement clear when you start a topic thread.

Kong Hey Pakboy
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June 03, 2020, 10:46:18 AM
 #5

Developers shouldn't put all the blame to bounty hunters, even they immediately sell off their rewards because they only received a small percentage of their total circulation supply. Developers should be put all the blame because they didn't make a precise plan to attract more investors, instead of using attractive discounts.

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June 03, 2020, 10:59:13 AM
 #6

Most of the time the things about bounty and Prices are of concern of the marketing and Financial team than the developers. Anyway, the project team acts as one and should focus on creating a value for the token rather than making accusations against bounty participants for dumping the price as bounty token accounts for a small portion of the total supply.

Reid
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June 03, 2020, 11:10:51 AM
 #7

Isn't that a good thing too?
If they are blaming bounty hunters then, they just don't really understand how the market works.

It's a signal that should get away from that kind of project.
It won't do you any good at all.
You can save yourself a dollar for not buying their token.
Psynthax
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June 03, 2020, 11:49:33 AM
 #8

Hell yeah but even some developers were putting backdoor to make them able to unlock their pre-mined coin. I have seen some projects were using this kind of trick.

The dev will never hear you complain until you will talk with them all directly.

Davian144
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June 03, 2020, 11:52:11 AM
 #9

Developers aims is to attract millions of investors by all means, that's why they use attractive discounts, that's why I only trust projects that raised fund privately for their coins, it's hard seeing such projects lose value when trading starts, another one are projects that has NO ICO and No Premine, fundraising is now money making scheme for developers, nothing more.
It seems you are a little wrong in understanding about the project, because I have seen a number of successful projects and even the token project is listed on the top exchange by not making ICO, premine and fundraising.
litepool.ru
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June 03, 2020, 11:55:15 AM
 #10

Developers aims is to attract millions of investors by all means, that's why they use attractive discounts, that's why I only trust projects that raised fund privately for their coins, it's hard seeing such projects lose value when trading starts, another one are projects that has NO ICO and No Premine, fundraising is now money making scheme for developers, nothing more.
It seems you are a little wrong in understanding about the project, because I have seen a number of successful projects and even the token project is listed on the top exchange by not making ICO, premine and fundraising.
If they don't do an ICO, then they have enough money to develop the project. And that money comes from private investors and Per-sale. Those are really good projects and have potential for development in this market

tiang_tower
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June 03, 2020, 12:03:34 PM
 #11

If they don't do an ICO, then they have enough money to develop the project. And that money comes from private investors and Per-sale. Those are really good projects and have potential for development in this market
That's right, and usually projects like that are rarely found in this forum, because the average project in this forum is a project that makes ICO and IEO to get a supply of funds from investors, because they do not have enough funds to develop projects in a further direction.
layoutph
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June 03, 2020, 01:35:22 PM
 #12

The truth is bounty hunters discourages investors from keeping or holding their coins. The price flow or the coin price direction might be affected by bounty hunter's dumping. Now that we are close to a huge bull run, scenario might change. Remember this if Bitcoin is going up. Alts goes up too.
PerfectCircle
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June 03, 2020, 01:46:25 PM
 #13

The truth is bounty hunters discourages investors from keeping or holding their coins. The price flow or the coin price direction might be affected by bounty hunter's dumping. Now that we are close to a huge bull run, scenario might change. Remember this if Bitcoin is going up. Alts goes up too.
What? You really think that history will repeat itself? That a new bullrun will begin soon? That's very hard to believe, Bitcoin hit 10k and dropped back with hours, that's not a real sign of bullrun, remember how many times Bitcoin tried to surge over 9700$ before dropping? It seems Bitcoin is not fit for any bullrun for now, maybe coming year I'm not sure

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Akiko
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June 03, 2020, 01:53:32 PM
 #14


I don't think they need to always blame hunters for this  in the first place they know that hunters will sell their tokens once they get it.

And investors will sell also their tokens once they see that they are already in profit so they don't need to wait a little more longer while they can take the profit the time they see it. Its normal market reaction for traders every time they see opportunities  to take profit.

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June 03, 2020, 03:21:17 PM
 #15

How can bounty hunters affect the value of tokens having their meager component on hand? It seems that someone is trying to shift their blame for the unsuccessful development of projects because of their incompetence on our shoulders. Not too reasonable policy.
Skinny48
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June 03, 2020, 03:24:30 PM
 #16

We could hardly see new projects that have a fresh use case, I'm not surprised that new developers are trying to make bounty hunters look like the bad seed, new developers don't have anything new to offer, they create projects that are already available, same idea with different names, of course this type of projects will fail easily, whenever you see a project that get dumped it's because it's use case is bad

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June 03, 2020, 03:26:35 PM
 #17

It seems developers don't know what they are doing, many of them that put blames on bounty hunters for price dump , they must be high on drugs or something, this is just simple arithmetic

A devs create a coin with 100 million supply

He decide to do IEO with 50 million coins of the supply

He decide to do IEO at the price of 0.1$

But to attract investors he introduce a discount of 0.05$

He was lucky to see many investors investing in the project even when he chooses not so good exchange

And price surge over 3.5$

Please tell me, how will investors hold the coins when they see gains that can take them years of holding to achieve???

Developers you are the main problem affecting your coins and tokens, bounty hunters only share up to 1% of your max supply, have some respect
Unless they are awfully dumb the developers know very well what they are doing, it is obvious that they are to blame for the crash on the price of their coins when they offer such huge discounts, after all a whale that buys for half the price is basically doubling his money if he is able to sell at the initial ieo price, and who in his right mind is going to resist the chance of doubling their money almost immediately? So all the blame they put on bounty hunters is just to distract people from the real issue which is themselves.
Musekay
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June 03, 2020, 04:17:35 PM
 #18

Sad truth. It's high time they realise that investors dump tokens even more than bounty hunters. And also for a fact, the amount of token distributed to bounty hunters does not in any way have the power to affect the shift in token market value

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serjent05
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June 03, 2020, 04:30:45 PM
 #19

I highly agree with the argument of OP.  It is the poor decision on the part of the developers that made their coins worthless or being dumped.  Aside from that, who is in the right mind that don't sell if we see a profit?  Of course, we all sell which in return causes the price to go down.  Simple logic but because DEVS wants scapegoat, the blame the bounty hunters.

It is not the bounty hunters fault, if they just paid this hunters with BTC or ETH and not their token, the issue of bounty rewards being dump, if it is really the issue, won't happen.

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June 03, 2020, 04:38:52 PM
 #20

Developers you are the main problem affecting your coins and tokens, bounty hunters only share up to 1% of your max supply, have some respect

I know the project you are referring to, this is very sad but that is the reality of the bounty participants' stories. This will always be repeated, only a few legit and solid projects will respect the bounty participants.

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