Stable coins for bounty hunters

[Helpme_please]

i am dreaming there is a coin which is be standard for bounty campaign. so if there are new project have bounty campaign , they must convert their token into bounty token which is already agreed by developers community. this bounty standard token must have value in market first so calculation will be very easy . bounty hunter get certainity for their work after several months.

[trauchot]

It would certainly be great, but this will not happen unfortunately, because companies that making bounties do not care about bounty hunters at all and they don’t care that we constantly write to them that the tokens received from their bounty companies are worth nothing, because to these companies are most important how to make money.

[poodle63]

I do not think it's possible. Every new project spends a lot of money on marketing already. If they start to pay bounty hunters with a stable currency like USDT then it will increase their cost when there is no guarantee that the promotion will be successful. Most of the projects do marketing because of they need funds for project future development and exchange listing. Adding more costs will be a good idea for a new project.

When the project raised a lot of money from its crowdsale and the hunters get no payment. That means your statement is not true at all consider that depends on the team.

Some projects didn't wanna waste their stable coin caused by they wanna pay the hunters with their free token.

[daniahya]

I do not think it's possible. Every new project spends a lot of money on marketing already. If they start to pay bounty hunters with a stable currency like USDT then it will increase their cost when there is no guarantee that the promotion will be successful. Most of the projects do marketing because of they need funds for project future development and exchange listing. Adding more costs will be a good idea for a new project.

When the project raised a lot of money from its crowdsale and the hunters get no payment. That means your statement is not true at all consider that depends on the team.

Some projects didn't wanna waste their stable coin caused by they wanna pay the hunters with their free token.

most of their projects only pay with their own coins, because they do not have enough funds to pay bounty hunters with coin stable, so they hold an IEO to raise funds and use these funds to develop their projects

[cryptogeek101]

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

Yes, paying in USDT,DAI,USDC or any other stablecoins to bounty hunters is a welcome development for the bounty crypto space, this will go a long way to make things easy for the bounty hunters,because they will not be selling the new tokens cheap so as to raise funds

[OrangeII]

anyone has the money to make a smart contract and start a token and is easy and cheap for them to pay all the users in that token with an imaginary value. But not all of them have the real money to pay the bounty hunters. This is why your idea is not that good. Do you think all the people who make a toke is millionaire? the answer is no, they make the token trying to go get money, they don't make it to lose money.

in fact, they do ICO or IEO to raise funds. Well, that makes sense. some people might think that the funds raised could be given a little to the bounty hunter. however, even such thoughts will also cross investors. only those projects that have been running for a long time can carry out ideas like this. for a new project, it looks like it looks quite difficult.

[so98nn]

They can't / they shouldn't. If there are people who hunting bounties truthfully and working for them genuinely then there are also people who are making unwanted breaches with multiple accounts. If you do the math then the later group is far larger and thus bounty managers might just end up giving their money to fraudsters and loose funds from their project for real.

Secondly, when they pay us in their tokens then it's actually advertising of their own project plus holding them causes hype and demand in the market. This is kinda life support for any project when it starts.

Thirdly, most of the projects (hard to digest) are scams and the number growing day by day. No scam project would give such stablecoins to their participants since they are scammers and giving out Stablecoin would require real money investment.

You see, if we start to list out then many pros and cons are there to this idea.

[Tervelatuk]

I do not think it's possible. Every new project spends a lot of money on marketing already. If they start to pay bounty hunters with a stable currency like USDT then it will increase their cost when there is no guarantee that the promotion will be successful. Most of the projects do marketing because of they need funds for project future development and exchange listing. Adding more costs will be a good idea for a new project.

When the project raised a lot of money from its crowdsale and the hunters get no payment. That means your statement is not true at all consider that depends on the team.

Some projects didn't wanna waste their stable coin caused by they wanna pay the hunters with their free token.

most of their projects only pay with their own coins, because they do not have enough funds to pay bounty hunters with coin stable, so they hold an IEO to raise funds and use these funds to develop their projects

only  rich developer that have initial fund when they start building project. we meet this kind project very rare in market , and usually only provide less money with short periode. most project prefer use their own token to pay bounty hunter, and money that collected from investors used for project developtment.

[mandor]

that will never happen because many new projects will to keep paying bounty hunters in the form of tokens. if there are rules like that maybe many prize hunters have become rich now because they are paid according to the specified amount or according to the price of the token. example: if your token price is $ 0.5 and you get a token as much 10K then of course you will choose in paid through USD according to the token you get. but I think not there are projects like that or maybe only a few make such rules.

[makishart]

anyone has the money to make a smart contract and start a token and is easy and cheap for them to pay all the users in that token with an imaginary value. But not all of them have the real money to pay the bounty hunters. This is why your idea is not that good. Do you think all the people who make a toke is millionaire? the answer is no, they make the token trying to go get money, they don't make it to lose money.

in fact, they do ICO or IEO to raise funds. Well, that makes sense. some people might think that the funds raised could be given a little to the bounty hunter. however, even such thoughts will also cross investors. only those projects that have been running for a long time can carry out ideas like this. for a new project, it looks like it looks quite difficult.

It's not so difficult if the team has a very good allocation. The fact that if the team will care to the funds that already raised rather than the price of its token that has already traded on the exchange site.
This is a common thing that so many people know about this

[joseyphil82]

Only few new projects will be able to pay bounty hunters in stable coins, where do you expect new projects to get money to pay hunters when they haven't raised a penny? It's far more easier to pay with their token

[masterrex]

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 some other bounty campaigns have already done that idea, Paid in liquid cryptocurrencies such as BTC, ETH, XRP But only those projects that have substantial funds because most of the projects nowadays are just run on very limited fundings thats why they choose to pay in their native tokens. In the crypto industry no other marketing promotion that accepting non-liquid cryptocurrency(not yet listed on any exchange) except the bounty campaigns, and bounty hunters were the cheapest project promoters in the industry, but in the end, we just abused and not being paid, I was experiencing it in DigitalBits Bounty Campaign after waiting for almost one year of delays after that long period we are mock by calling names, submitted our KYC 2 times but still, nothing happens and the team was ignoring us.

[Novatech8]

Injective protocol decide to pay bounty hunters in ethereum instead of their token which is still a new project, no funds are raised so far but I guess the 30,000$ Ethereum is coming from the team's pocket which is a good way to avoid dump, many new projects will go against this but injective protocol team knows better

Injective protocol team has the money, that's why it's convenient for them or they feel like bounty hunters can make their token lose value when trading starts but most have same thoughts, the only thing that's stopping them is money, not all new projects can afford to pay bounty hunters like injective team did

[Lantind]

Only few new projects will be able to pay bounty hunters in stable coins, where do you expect new projects to get money to pay hunters when they haven't raised a penny? It's far more easier to pay with their token

Yes, it is easy for new projects to pay bounty hunters directly with their tokens, but the quality of the tokens must also be good and demanded by everyone, so this is where the team and the developers work, don't just pay with garbage tokens, then they leave just like that.

[lienfaye]

Only few new projects will be able to pay bounty hunters in stable coins, where do you expect new projects to get money to pay hunters when they haven't raised a penny? It's far more easier to pay with their token

You're right, and paying through their tokens are beneficial on their side because it is somehow a way of promotion of their tokens. The problem is we're not certain if this will gain value and manage to become listed in good exchanges, otherwise it will turn to shitcoins. It would be better to receive the payment upfront using stable coins but most dev might not afford it.

[Mighty_crypt]

It's helpful for the project and team if they pay bounty hunters in their own tokens, nothing can be more easier than that, few projects that decided to pay in USDT or ETH fears for dump and they want to avoid that at all cost

[raidarksword]

If we could only back the hands of time, there are lots of BTC, ETH paying bounties i came across in this forum. I joined bounty campaigns that tokens/coins are being paid for promotional campaign to us hunters, that's why i get used to it. I don't mind tokens/coins as payments because it's part of the strategic decisions to promote their projects to the crypto communities and they can also save funds for future marketing and listing promotions of their projects.

[Dhoe]

You're right, and paying through their tokens are beneficial on their side because it is somehow a way of promotion of their tokens. The problem is we're not certain if this will gain value and manage to become listed in good exchanges, otherwise it will turn to shitcoins. It would be better to receive the payment upfront using stable coins but most dev might not afford it.

Paying with stable coins might make Bounty hunters more comfortable than paying with their own coins, we know now that Bounty hunters have lost their trust in coins from new projects, where we see a lot of worthless on the Exchange and become shitcoin, so by paying using stable coins I think, we will get high hopes for our rewards.

[miklesm]

It would be great if project decided to pay for Bounty campaign is stablecoins. Unfortunately, they prefer paying in their own tokens which usually cost nothing after distribution.

[Questat]

It would be great if project decided to pay for Bounty campaign is stablecoins.

Not all of them can afford that, most of the projects relies only from the investment of the people, they maybe have a capital but that's for sure a little amount only, that's why they fail because at this point, people are not into investing.

We need to witness a bullish market again so people will be attracted to invest again and I believe it will come if not this year then the following years.

Unfortunately, they prefer paying in their own tokens which usually cost nothing after distribution.

If they fail, then just don't expect you'll get nothing.
Sometimes bounty hunting may look like investing as well, sometimes we lose and sometimes we win, bounty hunting is just not risky compared to investing with real money which investors are doing.