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Author Topic: Stable coins for bounty hunters  (Read 32363 times)
matchi2011
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July 09, 2020, 08:52:14 PM
 #241

It's a good idea, I wish it can be possible but I guess not because not all team are rich enough to pay bounty hunters in stable coins, it's just easier to pay with their tokens, it's on us to do our research before joining any bounty campaign, that's the risk of been a bounty hunter

Easier to pay their own token it won't lock them up in case the project failed, unlike paying stable coin they'll be obliged to
provide certained budget for the bounty hunters upfront from the collections that they can collect coming from their initial
sales. But if the team are serious with their works paying upfront is not a problem, it will bring them decent traffics as bounty
hunters will be more willing to work for them for the decent allocated amount of payment.

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July 10, 2020, 02:35:54 AM
 #242

It's impossible for 90% of new project team to pay hunters in Bitcoin, eth or usdt because they have no funds intact, not until they raise some money through IEO successfully, it's better and easier for new projects team to pay in native tokens than stable coin, to them it's no loss doing so
The native coin can be implemented as a payment for the hunters when the project has already raised a lot of money from its crowdsale and it can be a replacement for the token that already used as a payment for the hunters.
You should understand what situation that already faced by the team.

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July 10, 2020, 02:45:04 AM
 #243

It's impossible for 90% of new project team to pay hunters in Bitcoin, eth or usdt because they have no funds intact, not until they raise some money through IEO successfully, it's better and easier for new projects team to pay in native tokens than stable coin, to them it's no loss doing so
The native coin can be implemented as a payment for the hunters when the project has already raised a lot of money from its crowdsale and it can be a replacement for the token that already used as a payment for the hunters.
You should understand what situation that already faced by the team.
so far it will certainly be difficult if it is implemented by new projects that don't even have a market for their products. Such things can only be done by projects that are already running and have a market. but I have faith that if that happens then the allocation given will certainly be very small and not as big as when they allocate their product tokens to the bounty campaign.

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July 10, 2020, 02:57:52 AM
 #244

It's impossible for 90% of new project team to pay hunters in Bitcoin, eth or usdt because they have no funds intact, not until they raise some money through IEO successfully, it's better and easier for new projects team to pay in native tokens than stable coin, to them it's no loss doing so
that is a problem that they need to face, because if they aim to do an IEO, they also need to collect some costs, even to do an IEO on an exchange that is not very popular. but, I agree with you. maybe some developers think that to reduce advertising costs, paying for the tokens they have is the best way. it's just to increase trust, paying using a stable coin will be a very good thing.
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July 10, 2020, 03:06:57 AM
 #245

It's impossible for 90% of new project team to pay hunters in Bitcoin, eth or usdt because they have no funds intact, not until they raise some money through IEO successfully, it's better and easier for new projects team to pay in native tokens than stable coin, to them it's no loss doing so
that is a problem that they need to face, because if they aim to do an IEO, they also need to collect some costs, even to do an IEO on an exchange that is not very popular. but, I agree with you. maybe some developers think that to reduce advertising costs, paying for the tokens they have is the best way. it's just to increase trust, paying using a stable coin will be a very good thing.
it is not easy to be able to organize IEO because they will assess the IEO of the project developed and will see the team behind the project so that it must at least have a team that is convincing and has a concept that is really useful for many people so that when organizing IEO will make interested investors.

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July 10, 2020, 03:41:40 AM
 #246

it is not easy to be able to organize IEO because they will assess the IEO of the project developed and will see the team behind the project so that it must at least have a team that is convincing and has a concept that is really useful for many people so that when organizing IEO will make interested investors.
now it's really hard to find a project like that. for bounty hunter now, it might be difficult to find a project and finally join the original project. do not know the clarity will be paid or not. but if there is a real payment from a project that has been listed on the exchange. with stable coins or with their coins that already have value I think it's the same problem.

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July 10, 2020, 03:43:16 AM
 #247

I don't think it's right to pay with a Stable Coin that already exists. Because one of the goals of the developer holding a Bounty is to introduce and build a community for their tokens / coins. But many have made Bounty Hunter the culprit of the fall in the value of coins / tokens even though the bounty hunter only has a maximum of 2% of the total coins / tokens.
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July 10, 2020, 05:21:57 AM
 #248

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



Honestly on all the years and with so many projects I've participated in the ICO campaign  I only have one projects that pay bounty hunters with tradeable coin, why would others pay with tradeable coin when they themselves do not have money and they are asking investors funds to fund their project and campaign

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July 10, 2020, 05:26:53 AM
 #249

I understand the angle you are coming from, though it will be cheaper and profitable for a project to pay bounty hunters with their token,but the sake of the safe guarding their project, they should just pay hunters with stable coin,so that they won't have any reason to blame hunters if the project dips, moreover the bounty pool for hunter is insignificant compared to the total or circulating supply.

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July 10, 2020, 05:44:11 AM
 #250

yes it might be better if payment by usdt or stable coin for the bounty hanters. but it does not rule out the possibility of the project being promoted to be finally happy with the payment in the form of USDT
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July 10, 2020, 09:04:39 AM
 #251

Few bounty projects still pays in USD coins but that's possible because they have the money, this won't be same case with many developers because not all of them will have separate money to pay bounty hunters, how about trying to figure out which project will become successful? Not all bounties are bad when they paid in tokens right?
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July 10, 2020, 10:51:04 AM
 #252

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, I am agree with you because last few years I saw maximum Bounty reward pay with project related token or coin.
But after listing market price not so good according to ico and ieo price, that's why now many bounty hunters not interest others token.         
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July 10, 2020, 11:08:06 AM
 #253

yes it might be better if payment by usdt or stable coin for the bounty hanters. but it does not rule out the possibility of the project being promoted to be finally happy with the payment in the form of USDT
Yes, and generally for the better it is when the payment is made to the bounty participant, it will be equally beneficial, both the project and the bounty participant, and in this case the project team has two options for making payments, namely in the form of tokens stable as USDT and in the form of tokens from their own project, because sometimes paid in the form of tokens from the project are also better than stable tokens.

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July 10, 2020, 11:34:13 AM
 #254

yes it might be better if payment by usdt or stable coin for the bounty hanters. but it does not rule out the possibility of the project being promoted to be finally happy with the payment in the form of USDT
Payment by Stablecoin is only good if the bounty manager limits the participants. It will help the participants get a good amount of money from their work, if they are not limited to the participants then I believe there will be a lot of subscribers and eventually each will only get a few cents

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July 10, 2020, 11:44:15 AM
 #255

Payment by Stablecoin is only good if the bounty manager limits the participants. It will help the participants get a good amount of money from their work, if they are not limited to the participants then I believe there will be a lot of subscribers and eventually each will only get a few cents
some managers have already done that. with definite allocations which will not be too large, restrictions on participants will inevitably be imposed. not only by payment using a stable coin. those who pay with altcoins that are already on the market also limit their participants to keep the rewards they get.









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July 10, 2020, 11:57:04 AM
 #256

It's impossible for 90% of new project team to pay hunters in Bitcoin, eth or usdt because they have no funds intact, not until they raise some money through IEO successfully, it's better and easier for new projects team to pay in native tokens than stable coin, to them it's no loss doing so

They will not start at IEO if they don't have enough funds as they will pay when they want to get listed in an exchange AFAIK, so they will likely start at ICO where bounty hunters will be paid by tokens generated, and 2nd step is the IEO if they will be successful in ICO.

I didn't even see an active bounty campaign now that pays in stable coin or major altcoins.

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Eloncoin.org - Mars, here we come!


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July 10, 2020, 12:01:10 PM
 #257

Payment by Stablecoin is only good if the bounty manager limits the participants. It will help the participants get a good amount of money from their work, if they are not limited to the participants then I believe there will be a lot of subscribers and eventually each will only get a few cents
some managers have already done that. with definite allocations which will not be too large, restrictions on participants will inevitably be imposed. not only by payment using a stable coin. those who pay with altcoins that are already on the market also limit their participants to keep the rewards they get.
For bounty payments with altcoin or ETH, I believe they will always have a very low budget. Like the campaign I participated in, they had a budget of $ 30k but not limited to the participants









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Mars,           
here we come!
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ElonCoin.org.
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"I could either watch it
happen or be a part of it"

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terizla
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July 10, 2020, 12:02:34 PM
 #258

There's only great project who always make bounty with payment stablecoins.
Most of bounty is from new project, most of them don't have big money to spent for bounty hunters.
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Decentralized Ascending Auctions on Blockchain


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July 10, 2020, 01:33:39 PM
 #259

Actually the motivation of this project is to success as well as the most important is never getting smaller until the end because as a part of
bounty hunters just keep going to launch the legit activity .I think eventually you win and gain stable coin through this project, you believe it or not it is flexible to work.

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isaac_clarke22
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July 10, 2020, 01:36:31 PM
 #260

There were some of those bounties that paid in fixed rates through Bitcoin and ETH before, not fully sure how did all those disappear but I believe that they don't want to risk that amount of money just if the project fails in the end.
That's why they're paying you in tokens and that's why these shitcoins exist.
Unless that the bounty is from a seemingly long-running corporation for more than 50 years and managed to join crypto in here and maybe there's slight of a chance they'll pay in those but who would ever do that.
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