Stable coins for bounty hunters

[MadeMen]

It would be a good idea if projects can pay hunters in stable coins or tradable tokens such as Ethereum or ripples. But the issue is that only few projects can afford to risk paying from their purse. Most of the projects that employ the service of bounty hunters are new projects which are yet to be listed and are in need of funds to execute the project.

[bassbity]

It would be a good idea if projects can pay hunters in stable coins or tradable tokens such as Ethereum or ripples. But the issue is that only few projects can afford to risk paying from their purse. Most of the projects that employ the service of bounty hunters are new projects which are yet to be listed and are in need of funds to execute the project.

Legitimate and capital projects to pay hunters with stable coins such as the injective protocol pay the hunters in the form of ETH and they are confident in the future with success and many partnerships are waiting for them so they are willing to allocate 30kUSD for hunters.

[OptimusPrime_3]

As much as this sounds exciting, it's a mission impossible.
What's the profit for the team? As much as we bounty hunters demand some more value let's not forget the real essence which is success of the project.
Most projects cannot afford this.

[Anonymous100]

I know this have been discussed several times on this forum but yet I will like to drop this again, I'm sure few new developers are among us here, so here we go

It will be a whole new story if new projects can start paying bounty hunters in USD or stablecoin, this have few advantages over paying with your own tokens, if new projects find it as a most for people to try out their new Blockchain they should use airdrops instead, airdrops has the lowest rewards, hardly to get 2$ in airdrops today

As for bounties please start paying in USDT, DAI or USDC, this will erase your sense of 'bounty hunters are killing new projects' idea

I don't think they would do that. They have to pay a large amount to pay the bounty, while the price of the token they have is not necessarily equivalent to the USD value they mentioned. They also know that the price of their tokens is much lower than the stated value. Moreover, tokens are not yet in Exchange. So the price value is still sky-high, so wait for it to come down to earth to see certainty. 

[pixie85]

As much as this sounds exciting, it's a mission impossible.
What's the profit for the team? As much as we bounty hunters demand some more value let's not forget the real essence which is success of the project.
Most projects cannot afford this.

This is not an argument.

If they can't afford it why are they trying to advertise for free?

In business if you can't afford something you don't. What would you say if your employer decided that he can't afford you so now you're going to work for free?

[slashz9]

still too risky or uncertain if paying the hunter using usdt or stable coins, because the aim of the project is to raise funds initially, unless the project is backed up or has collaboration with other projects and it is certain to be released.

[ife2020]

I know this have been discussed several times on this forum but yet I will like to drop this again, I'm sure few new developers are among us here, so here we go

It will be a whole new story if new projects can start paying bounty hunters in USD or stablecoin, this have few advantages over paying with your own tokens, if new projects find it as a most for people to try out their new Blockchain they should use airdrops instead, airdrops has the lowest rewards, hardly to get 2$ in airdrops today

As for bounties please start paying in USDT, DAI or USDC, this will erase your sense of 'bounty hunters are killing new projects' idea

I think stable coins for bounty rewards are good, but then it raises issues about Bounty caps and number of participants. Bounty Program this days rarely want quality, they seem fo prefer so many participants which makes rewards meagre and worthless. If Bounty managers cam strike a balance between a stable reward and a capped participants, then it would work perfectly firm.

[carlfebz2]

still too risky or uncertain if paying the hunter using usdt or stable coins, because the aim of the project is to raise funds initially, unless the project is backed up or has collaboration with other projects and it is certain to be released.

Its rare to see projects that are back up funded already thats why most of them will really tend to pay up shitcoins in exchange into the amount that you had invested.

There are signature campaigns that do pay up bitcoin and other known alts but those are for marketing purposes or does actually have the produc. ex. gambling sites, exchange etc..

but if a project is just starting up then they wont tend to give out btc or stable alts for them to pay up their hunters.

[xiboothrezi]

It happened in the past when most of the bounty campaigns used to pay in Ethereum or even in Bitcoins but most the projects paid in their own tokens because by doing so you will only get to paid after the coins are listed on exchange. But these days bounty campaigns are not so popular among people because of scams but I think by paying in USD, USDT and USDC, it would develop trust among bounty hunters.

This is also a good solution because in addition to increasing the trust of bounty hunters, the development team also does not need to worry anymore if there is a dump that often occurs when bounty hunters sell together. So that bounty hunters will no longer be blamed for wanting their rights.
We also know that the popularity of the bounty campaign is not like it used to be, many scammers, many dramas, it could be intentional or indeed due to unfavourable market conditions. In this way, if we want to be patient and be more selective, there are still many opportunities that we can get, for example by joining campaigns handled by BM with a good reputation, joining campaigns with weekly payments and BTC or ETH payments, in addition to choosing campaigns with limited participants also worth considering.

[Youghoor]

That will be a good idea! However, i wish team members can get rid of the perception that bounty participants are the sole reason why tokens and coin dump after listing. remember some investors also dump their share of the coins if they lose faith in the project and this can make the price of the coin crash very hard.

[semobo]

That will be a good idea! However, i wish team members can get rid of the perception that bounty participants are the sole reason why tokens and coin dump after listing. remember some investors also dump their share of the coins if they lose faith in the project and this can make the price of the coin crash very hard.

Not some, almost every investor dump their coins after the token sales because project offers great discounts who participate on pre sale and public sale so when they hit exchange every investor try to make more profits as soon as they can.Blaming hunters is just unfair because project distribute the bounty pool months after their token reaches low value but still claim that bounty hunters are the reason behind every project's dump.

[Ronaldcoin2017]

I think it is much better that the bounty hunter will gain a token from the project that they promote, i think that is pair because bounty hunters know how to choose a potential project, and the decision is still depend on them if they think the project is scam then stay away from the project, it is more exciting if we gain a token from the project that we promote because we dont know the value of that token in the future will rise up high or fall down so we need to choose a good project with an active team with experience in crypto.

[omnik]

As much as this sounds exciting, it's a mission impossible.
What's the profit for the team? As much as we bounty hunters demand some more value let's not forget the real essence which is success of the project.
Most projects cannot afford this.

Funny statement meanwhile some of the devs with failed project in the past often blame bounty hunter of dumping and expect to get free advertisement. using stablecoin could potentially solve many problems altogether and the investors also won't need to be afraid of dumping, it could allocate all the energy wasted for solving the endless problem to the betterment of a project instead.

[OptimusPrime_3]

As much as this sounds exciting, it's a mission impossible.
What's the profit for the team? As much as we bounty hunters demand some more value let's not forget the real essence which is success of the project.
Most projects cannot afford this.

This is not an argument.

If they can't afford it why are they trying to advertise for free?

In business if you can't afford something you don't. What would you say if your employer decided that he can't afford you so now you're going to work for free?

Not for free, you are being paid in their coin, the only problem now is value and period for which this value increases.
I know some projects have dealt with us badly that we try to adjust to safety, but let's not be selfish. That's why you are not supposed to jump on every bounty out there

[tvplus006]

That will be a good idea! However, i wish team members can get rid of the perception that bounty participants are the sole reason why tokens and coin dump after listing. remember some investors also dump their share of the coins if they lose faith in the project and this can make the price of the coin crash very hard.

For a company, bounty is usually allocated 1-3% of the total number of issued tokens. In addition, bounty hunters receive their tokens last, when the rate has already significantly decreased. Those who do drop their tokens after the start of trading are investors who purchased their tokens at a discount of up to 90% of the ICO price.

[iv4n]

That will be a good idea! However, i wish team members can get rid of the perception that bounty participants are the sole reason why tokens and coin dump after listing. remember some investors also dump their share of the coins if they lose faith in the project and this can make the price of the coin crash very hard.

For a company, bounty is usually allocated 1-3% of the total number of issued tokens. In addition, bounty hunters receive their tokens last, when the rate has already significantly decreased. Those who do drop their tokens after the start of trading are investors who purchased their tokens at a discount of up to 90% of the ICO price.

Early investors and team members are the most responsible for dumping, they do that with enormous amounts of tokens, there's no bounty hunter that can earn so many tokens to be able to affect the price if he dumps his entire earnings.
And stable coins for bounty hunters can be a good idea for strong project with some starting capital, and do you believe that maybe just 1% of all bounties have some capital, all others hopes for investments, so they can pay what they really need for the project!

[GreenStox]

Depending on the project, if they believe in the project, it will not be a problem paying with USD or other coins.
whereas if not they will continue to pay using their coins to reduce the expenses obtained after collecting funds.

[Jancuki]

Your advice indeed makes sense if payments are made with stable coins or even with coins that have been recorded in the exchange, however, it is possible that every new project that is always set aside for bounty allocation has its own marketing objectives so that the coin can be held by everyone. It will indeed have its own risks if the coin is held by the bounty hunter, one of which will be a massive dump. But as long as the team has a solution to it, all will be overcome. I gave an example of a Cartesi project, this coin is fairly good because when the allocation for the bounty is distributed the price of the coin is not very down.

[RabbiTANK]

If payments are made in usdt there won't be worries about price loss or dumps but not all bounties that pays on their tokens lose value even while trading is on, I think bounty hunters should start choosing quality projects only because not all projects will have usdt to pay

[memed97]

If payments are made in usdt there won't be worries about price loss or dumps but not all bounties that pays on their tokens lose value even while trading is on, I think bounty hunters should start choosing quality projects only because not all projects will have usdt to pay

When it comes to choosing a campaign project, all bounty participants have done it in advance, because basically they also don't want to waste their time on unclear projects or projects that don't have quality.