Stable coins for bounty hunters

[javainn]

This is not possible. Bounty projects pays bounty hunter with their own token because they don't have the money to pay for hunters. They don't do anything like spending money coming from their pockets, or what.
Also, their reasoning of bounty hunter are killing the projects? It is just pure nonsense, it is just their way to avoid questions of why the price of their coin suddenl drop wherein, most of the time, they are the sole reason.

yes that's a bad strategy from the project team. they just want to earn money by giving jobs to the bounty participants but in the end they don't pay. it's a scam project and a con if they say it. because nowadays there are so many projects that don't have money but are forced to create projects, the goal is clear they just want money money and money. So paying with stable coins is impossible, I agree with your opinion

[1715478998]

1715478998

[1715478998]

1715478998

[1715478998]

1715478998

[1715478998]

1715478998

[Zeke_23]

This topic already discussed a lot and there is nothing to change no matter how many times we talk about it. Sure, everyone would love to have USDT stablecoin in their hand for bounty works but let not forget only a few prestige projects could afford that kind of payment in their bounty.

Yes, bounty hunters would have loved it if this will ever happen, but seems to be impossible since the bounty rewards are coming from the money they have collected. They don't have the capability to spend a lot of money just to pay bounty hunters, what they want is to get all the invested money all by themselves.

[Sebas.tian]

This will close the gap between bounty hunters getting paid for their jobs than what we have seen recently. Paying bounty hunters with this stablecoins won't change the mood from you, have used some good stable keys. As for me, I won't bow to getting paid through stablecoins because they save no good purpose. Rewarding bounty hunters will always tips from the experience.

[flagpara]

2018 was the best year for cryptocurrency. Every single coin ( including scam coins) did a huge pump at this time. I saw all the situations at this time without only dumping. Funds raised by ICO were very easy and the team can make Ethereum bounty payment this time. Now project success chances are very low, it's not possible to distribute stable coins to bounty hunters.

[shollyen]

2018 was the best year for cryptocurrency. Every single coin ( including scam coins) did a huge pump at this time. I saw all the situations at this time without only dumping. Funds raised by ICO were very easy and the team can make Ethereum bounty payment this time. Now project success chances are very low, it's not possible to distribute stable coins to bounty hunters.

If a project has the capacity to pay in an already established cryptocurrency, such as BTC, ETh, TRC and others, then it is capable of paying in ,stablecoin. There are so many of such campaign at the moment.
The fact is that that is the best method of running point and that is why those that recognise it and know the importance.

[awwal1206]

This will also be an advantage for bounty hunters and also for the project any bounty hunter that really believes in the project will go and buy the coin

[minersday]

The new projects that are not listed at exchanges and without their own market place will always pay in their own token (as long as there will be bounty hunters accepting that) because in this case they don't pay anything from their pockets. If the project has success and gets listed, you'll sell for other investors' money. If it doesn't have success, tough luck, you've worked for free. It's a risk the bounty hunter have to think of when he jumps for enlisting under their banner. One has to check first if it has a good enough chance for success and listing.

I agree with you on this perfectly but what he is trying to suggest is that, Bounty hunters provide services to these projects and it will be better for bounty hunters if they are paid in a stable coin. Most of these projects sometimes complain of Bounty hunters dumping their coins when listed.  In some cases, these projects don't list their coins and bounty hunters end up gaining nothing for the services they provided.  Most new projects make a fool out of a lot Bounty hunters via payment in their tokens.

[cryptovigi]

Sorry folks, but paying bounty hunters in stable coins can at best be limited to a tiny percentage of projects.
Why? It's simple, most starts only with an idea and without cash, so the only solution is to pay bounty hunters' salaries from your own tokens because they are not real costs. And you, being a bounty hunter, have a choice - trust the project (if you've done research) and take a risk for the potential big profits or go to the side of a safer project that will pay you less but in btc ... your risk your choice ...

[ufaiz50]

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

In the past, there were also bounties that paid using ethereum because most developers used the platform's smart contract, but that cut excess funds from the project developer, and Ethereum has fluctuated rapidly. Your idea is good, but the problem is whether the current project developers dare to do this because payment using crypto apart from their tokens will cut a lot of funds, especially regarding crowdsale/investment that can be uncertain, I mean many projects are short of funds and fail in this era. Even so, this idea has the advantage that bounty hunters will not damage the market, so developers are more focused on increasing its value in the market.

[NeuroticFish]

but what he is trying to suggest is that, Bounty hunters provide services to these projects and it will be better for bounty hunters if they are paid in a stable coin.

And I am telling that as long as there are plenty of bounty hunters careless enough to accept current conditions, nobody will change anything, because it shifts the risk from bounty hunters to project owners.

[ancafe]

Indeed, bounty hunters should already know their risks by choosing the projects they take. and it is no longer a secret that many fraudulent projects intentionally do not list their tokens on the sales exchange. actually the developers could use the coin stable to pay the bounty hunters, but maybe the participants are limited because the coin stability also can't guarantee the price can soar and get them to get more results.

Well, some bounties make payments via stable coins and others. however, the participants were really limited. I think the developers also started their sales with not much money. So, it's better to pay using the tokens they make than paying with stable coins, but this can be a loss for bounty hunters when the project doesn't work or something else happens.

[shaheer001]

I don't think it will be implemented by the new project which offers bounty programs as the new project already invested in fiat currency for the project and they only pay in their existing token to the users and investors.

[Squezzi55]

If you wait around for projects that want to pay bounty hunters in USD you will be wasting your time, some projects still pays in their native tokens and they have better value after bounty ends, for example Oikos and Cartesi, these two projects paid hunters and the token have good value

[Vishnu.Reang]

I don't think it will be implemented by the new project which offers bounty programs as the new project already invested in fiat currency for the project and they only pay in their existing token to the users and investors.

Yes. The situation is not going to change anytime soon. As of now, bounty hunters are not being regarded as indispensable assets for a project. There is an over-supply of bounty hunters and the project team may find a lot of them who are willing to work with even the most exploitative terms and conditions. Investors don't need the stable coins, because they are investing in the token itself. 

[bastian466]

Agree with what you want, if hunters are paid with stable coins like that it will be very profitable and can measure the hunters income and will reduce losses for hunters because they will get paid in coins with existing value, Hopefully things like that are implemented by each project  new

[Anish02]

The new projects that are not listed at exchanges and without their own market place will always pay in their own token (as long as there will be bounty hunters accepting that) because in this case they don't pay anything from their pockets. If the project has success and gets listed, you'll sell for other investors' money. If it doesn't have success, tough luck, you've worked for free. It's a risk the bounty hunter has to think of when he jumps for enlisting under their banner. One has to check first if it has a good enough chance for success and listing.

I agree with you on this perfectly but what he is trying to suggest is that Bounty hunters provide services to these projects and it will be better for bounty hunters if they are paid in a stable coin. Most of these projects sometimes complain of Bounty hunters dumping their coins when listed.  In some cases, these projects don't list their coins and bounty hunters end up gaining nothing for the services they provided.  Most new projects make a fool out of a lot of Bounty hunters via payment in their tokens.

Yes, it is indeed true, many times bounty hunters get ended up by providing the only service because many coins don't get listed or many do fake promises. That's why it seems great advice to paying hunters through USDT. Because oftentimes hunters face rejection and hardly get a bounty where they make profit.

[nutriagrigia]

Agree with what you want, if hunters are paid with stable coins like that it will be very profitable and can measure the hunters income and will reduce losses for hunters because they will get paid in coins with existing value, Hopefully things like that are implemented by each project  new

the project team does not think about if it will be good or bad for the bounty hunters. they do only as it will be profitable for them and, as a rule, it is not profitable for them to pay with stable coins

[Erumo]

But bounty hunters are only interested in the short term, and they will sell everything when they receive it. That's why many projects crash because they don't have enough liquidity to help bounty hunters sell their tokens, paying with USDT or top altcoins would be the better option. It will help the project gain credibility and protect their token price

Again, bounty hunters do not crash projects. Crap management, project itself, team destroys everything. You can even pay hunters in gold or diamonds, but if a project is a crap and deserves to die, it will die anyway.

It is great that you think that "paying in USDT and top alts is the best option", but where would projects find that so many free funds to do that? If they can afford to pay in USDT, they would better run a real promotional campaign, than burn all budget for social media bot accounts and high ranked "recently woke up" accounts.

[Jackl87]

If you want to get a reliable income source by doing bounty hunting you need to pick bounties that pay in stable coins or BTC.
But if you want to get a few tokens or coins of a project that you find interesting but don't have the funds to invest or find it to risky to invest than it's nice if this project offers a bounty that is paid in their own token.
If this project does well in the future, than your rewards should be higher than a bounty that pays in stable coins or BTC.

[Pasutinmeur]

I don't think it will be implemented by the new project which offers bounty programs as the new project already invested in fiat currency for the project and they only pay in their existing token to the users and investors.

that depends on the developer. Some developers may have opened the chance for the hunters to get the stable coin as payment but it's all the risk to participate in the bounty campaign. that's a lot of people were suggesting never try to use bounty as your main job.