havoc928
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Decentralized Ascending Auctions on Blockchain
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July 20, 2020, 03:20:38 AM |
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I'm not here to discourage you about bounty campaigns that are managed by the project team themselves, I'm here to tell you that you need to be extremely cautious, I've noticed that team managing campaigns themselves is not good ---snip I'm sure I'm not the only one who sees things this way, or am I?
However, we cannot generalize that the bounty campaign handled by the dev team itself always ends up being a scam or disappointing. From the important points discussed by the OP, the risk could be greater because they are free to change the rules and allocations arbitrarily without regard to justice for bounty hunters. But what else can we do? bounty campaigns handled by external managers also don't necessarily guarantee that we will get a fair reward, it's all back to the dev team's decision. Escrow is one solution to uphold justice, so this can be considered as well. You're right. Either way, there will be a risk when we join a campaign. Do not think that campaigns managed by external bounty managers will work based on bounty hunters' benefit. However, it's right to say that bounty campaigns managed by the project team themselves have more risks for bounty hunters to join than others. There'll be a greater risk of losing our benefits before and after joining the campaign!
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wozzek23
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July 20, 2020, 04:33:05 AM |
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1. They have all the freedom of doing any how with your rewards
2. They can change certain rules that aren't reasonable, just because it's their project and they are handling the distribution they are free to do some bad things
3. Bounty Managers are very very important, you can get them nailed for not facing the team to force them to do distribution but you can't fight the team yourself
All your points are leading to interpreted as possible misuse/misbehave than what they promise by the times of beginning of bounty program. It seems if we want to be staying under safer hands then it must be possible only when we choose bounties which are managed by highly reputed managers of this forum. Otherwise, getting big disappointment at the end of bounties may become inevitable. I guess we need to add another filter in our due diligence procedures in order to ensure highly secured environment for bounty hunting; that would be not preferring to work on the campaigns which are being managed by themselves. Thanks for enlightening us regarding this, definitely helpful to me and to this community as well.
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Iyeman
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July 20, 2020, 05:17:23 AM |
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Most of the bounty that is managed by its team itself have controlled distribution or most of the time the team will decide to buy your token at a lower price in an OTC manner before it will get listed, the advantages are it avoids dumping of bounty token and bounty hunters learn to hold for a better price in the future.
It's not all of projects were implementing the buy back method. i think that you must aware about this if even the bounty has managed by the bounty service and the team was still controlling the distribution. What you have been saying didn't implemented by a lot of bounties.
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takana212
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July 20, 2020, 05:17:32 AM |
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all depends on the project management team, if the project management team has behaved strangely, then the bounty manager also cannot do anything, because the job of a bounty manager is to manage and pay from the bounty hunter.
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Retainly_Collie
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Second Live
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July 20, 2020, 06:02:10 AM |
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all depends on the project management team, if the project management team has behaved strangely, then the bounty manager also cannot do anything, because the job of a bounty manager is to manage and pay from the bounty hunter.
Even they don't have the right to pay bounty hunters. The bounty manager job is to manage the campaign in the best way, and then the bounty manager will send the work results to the project and the project will make payment. It all depends on the project and the bounty manager is just a bounty hunter
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ancafe
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July 20, 2020, 07:12:38 AM |
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Well, I think there are some really successful projects whose bounty managers come from themselves. however, this returned to the confidence of his team. it's just that, the bounty manager can also be an important point to attract participants because there are some bounty managers who are quite proficient in doing their jobs. however, the team is still invaluable in terms of bounty management, so, I think if the choice is the bounty manager of the project team, or the experienced bounty manager, of course, the choice is the experienced one.
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Avirunes
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July 20, 2020, 08:30:49 AM |
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Well, I think there are some really successful projects whose bounty managers come from themselves. however, this returned to the confidence of his team. it's just that, the bounty manager can also be an important point to attract participants because there are some bounty managers who are quite proficient in doing their jobs. however, the team is still invaluable in terms of bounty management, so, I think if the choice is the bounty manager of the project team, or the experienced bounty manager, of course, the choice is the experienced one.
Question is that is it safe? Bounties managed by team member is risky since you don't know what are the actual intent of the project owners. They usually hold all the power to change the rules or the token allocation themselves to turn to their favour. There have been many cases in the past where they have put wierd conditions in order to get tokens. Many participants don't like such changes so it is recommended to join third party managers. Now they might have been successful but yeah since you don't know what they are gonna do it is recommended to stay away from them.
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minairia3
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Vave.com - Crypto Casino
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July 20, 2020, 08:40:53 AM |
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Question is that is it safe? Bounties managed by team member is risky since you don't know what are the actual intent of the project owners. They usually hold all the power to change the rules or the token allocation themselves to turn to their favour. There have been many cases in the past where they have put wierd conditions in order to get tokens.
Not safe actually. But the hunters dont have much choice if the campaign handled by the team. OP is right, some are unfair one when dealing with rewards like they can decrease it on their own. If only we can find a campaign manager like in btc paid that handle altcoins too. I think yahoo did, but he is not handling anymore altcoins.
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Crypto_lion
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NEW MEDICINE:Faster, Safer, Smarter
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July 20, 2020, 09:26:36 AM |
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There are some advantage as well as disadvantages to it. First you can be sure that the team will keep their word as breaking the promise means they lose the trust of the investors even if it is bounty.
On the flip side they might delay the release of token .
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miklesm
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July 20, 2020, 09:38:06 AM |
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I prefer participate in Bounty campaigns hold by known Bounty Managers. They have a huge experience in holding Bounties, so they will likely to host a campaign smoothly.
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Thomas-s
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July 20, 2020, 09:44:56 AM |
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There are some advantage as well as disadvantages to it. First you can be sure that the team will keep their word as breaking the promise means they lose the trust of the investors even if it is bounty.
On the flip side they might delay the release of token .
they can also delay payment through BTT managers. I think that when a project team uses their person bounty managers for a bounty campaign, it’s more convenient for bounty hunters. Because team members know more info.
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filterMX
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July 20, 2020, 09:52:59 AM |
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The bounty manager is indeed very instrumental in a project, because the manager does the calculation and pays the bounty hunter wages, but it all depends on the ICO management, if the ICO / IEO manager is not clear then the bounty manager cannot do anything, so look for a manager who is honest and firm in managing his bounty.
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Vishnu.Reang
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July 20, 2020, 10:13:24 AM |
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all depends on the project management team, if the project management team has behaved strangely, then the bounty manager also cannot do anything, because the job of a bounty manager is to manage and pay from the bounty hunter.
Normally I am quite supportive of the bounty managers. But at the same time, they can't just say that it is all the fault of the project team. The responsibility of the bounty manager is not just limited to allocating the stakes and then distributing the bounty. He also needs to make sure that the project team is keeping with their promise on the bounty payment and development.
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naikturun
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Undeads.com - P2E Runner Game
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July 20, 2020, 11:12:19 AM |
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not really, not all of them is bad how can you generalize them all. even some projects sometimes perform procedures quickly, I mean making payments, calculating weekly stake, and other things related to the distribution process. it's about the individual not about the project, about behavior.
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Viscore
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July 20, 2020, 11:23:02 AM |
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Even if the project got bounty manager still they can't force the bounty team to pay the rewards for participants if they are refusing to do.Bounty manager is also need to be an important factor that everyone should consider but don't take it for granted, do your own research on the team as well.
Even though bounty participants will do their search but it is not enough to give them a hint that this project is worthy or of nothing, it is probably because not all of them look so obvious a scam project. And even it looks legit that also never gives assurance either is, besides, many of them turn scam and project failure. In general, the bounty project doesn't really matter whos managing it but it matters most the quest of their project. Because if they are true with their goal/target, they will absolutely succeed.
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cryptoknightt
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July 20, 2020, 11:38:38 AM |
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your statement cannot be said to be exact, because there are some who don't, maybe you are unlucky and meet a bad manager. every project that handles its own bounty, must have a special person who handles that part. so it's a matter of someone's attitude.
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CHENIEN
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Decentralized Ascending Auctions on Blockchain
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July 20, 2020, 12:15:00 PM |
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Almost all bounties are looking for a team in a dream of somehow earning a little to meet daily needs, and bounty managers are looking for a way to get paid but in fact, they are often mistaken for cheaters because they are also isolated from the elevators, therefore if will always like this, I think this real application project falls down.
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WalkerIVIV
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July 20, 2020, 01:02:40 PM |
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your statement cannot be said to be exact, because there are some who don't, maybe you are unlucky and meet a bad manager. every project that handles its own bounty, must have a special person who handles that part. so it's a matter of someone's attitude.
Almost all of bounty hunters have experienced with the bad projects whatever it has already managed by the team itself or rent the managers. I think you may wrong in this case the team itself can have someone who can still active in the development progress while at the same time he was managing the bounty too.
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pragna
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July 20, 2020, 01:21:21 PM |
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I'm not here to discourage you about bounty campaigns that are managed by the project team themselves, I'm here to tell you that you need to be extremely cautious, I've noticed that team managing campaigns themselves is not good
1. They have all the freedom of doing any how with your rewards
2. They can change certain rules that aren't reasonable, just because it's their project and they are handling the distribution they are free to do some bad things
3. Bounty Managers are very very important, you can get them nailed for not facing the team to force them to do distribution but you can't fight the team yourself
I'm sure I'm not the only one who sees things this way, or am I?
I think bounty managing is one kind of job also that may be temporary so bounty manager must have to follow the direction of team its natural. Suppose you are CEO of a business and you appointed a manager so will he not hear you?? obviously have to. Yes he may very important person but he can give you his opinion but he can not bear supreme power. thanks.
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forexandcryptoauditor
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July 20, 2020, 01:36:43 PM |
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You are correct. Bounties managed by the project team themselves, we have to be extra cautious. One reason I see apart from the change of rules is too much delay in distribution. Having said so, there is no guarantee that we will get paid what was agreed, with bounties managed by bounty managers. " We are only managing Bounty Campaigns and are not responsible for any delay or project success. Please do your own research before joining the bounty." This statement we see in may bounties and represents no guarantee about our payment in many cases.
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