republicrypto
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Keep it Simple guys :)
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November 11, 2020, 08:20:13 PM |
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How did bounty hunters kill projects? They are simply paid for their work and whatever bounty hunters do after payment is none of the team business if their project is good enough they don't have to worry because there will be unlimited trading volumes on listed exchanges, only bad or not too good project teams blame bounty hunters for selling their tokens
Unsuccessful projects only blames all of their failures to bounty hunters because they never come up a great solution or idea to keep their investors who holds a large amount of their tokens. It is obviously not the bounty hunters fault because they only received a small percentage of the total circulation of supply in a project, so even bounty hunters sell all of their rewards it will only create a small changes in the market. the reason why the price down is a lot of sellers than buyers, wich mean buyers still waiting for the right price to buy as much as they can in this case, when bounty hunters received their rewards, buyers think if they get a good entry price to buy YOUC, they think hunters will sell their rewards and push the price down, but thats doesn't mean if the project failed regards |
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Santri
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November 11, 2020, 08:41:02 PM |
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I don't know whether to laugh at you or not because I was already thinking if the bounty hunter caused the dump or that killed the project, before you saw the volume on the exchange. I just saw YOUC volume and it is very small and only listing on fake volume/exchange So it's natural that it's a dump  Look at this, if the volume is large there certainly won't be dump  For P2PB2B volumes don't need to be discussed because it's definitely a fake volume |
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dotcoin.info
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www.cd3d.app
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November 11, 2020, 08:45:12 PM |
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A completely standard situation in which bounty hunters are not to blame. The bounty allocation was huge, given that there are absolutely no required volumes on the exchange, it is not surprising that we see such a strong dump in the process of draining the received coins. The project first had to create liquidity and only then distribute tokens. The developers themselves are to blame for this situation.
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BayAngelo
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November 11, 2020, 08:48:29 PM |
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It is no surprise that dumping comes often when the project was just recently launched. And dump is being done by almost everyone who have bought the project, who made the project, who participated with the project. It's a combination of all those people who holds the token. But mostly, it's caused by the whales who are holding those tokens. This is becoming the norm for the newly launched projects, you become late to sell it then you'll miss the higher price that you should about to sell it. Also, check how much is the percentage of tokens from the total supply of the project is allocated to that bounty to think that the dump is caused by bounty hunters.
You are 100% right. major investors will always be the first to dump once their is a profit to move to the next project. that is the reason most project decided to lock up their token after sales. |
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BayAngelo
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November 11, 2020, 08:52:10 PM |
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i think you need to go back to the market chart of that token. from when it launched, sales at 0.1usd during the launching period. then it started falling. drops down to 0.01 till it fall to 0.002usd. all these happens before bounty distribution. Now tell me who was responsible for the dump before bounty distribution. do not blame hunters. they are not at fault.
Also notice how projects are paying bounty hunters because crypto currency is gaining postive traction.
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crazy-pilot
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November 12, 2020, 05:45:22 PM |
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I can guess why the current price is a dump, it's all because the total supply of YOUC is too large, the hunters panic and immediately sell the tokens they get while the volume of YOU is very small, so don't blame Hunter if a dump occurs
good projects will not suffer a severe dump if they have large volume
That's it. In good projects, the bounty allocation is 1-5% maximum, and can in no way harm with the right approach. In this case, we see that the project was not prepared for the dump, which means that the developers foresaw something like that. In the near future, a huge amount of bounty coins will be drained and redeemed for next to nothing. |
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Ozero
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Chainjoes.com
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November 12, 2020, 06:32:28 PM |
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A completely standard situation in which bounty hunters are not to blame. The bounty allocation was huge, given that there are absolutely no required volumes on the exchange, it is not surprising that we see such a strong dump in the process of draining the received coins. The project first had to create liquidity and only then distribute tokens. The developers themselves are to blame for this situation.
Bounty hunters receive only a few percent of the number of issued tokens and they receive them later than anyone else, when, as a rule, the price has already dropped long ago. Early investors who buy tokens with large discounts lower the price of a token when it appears on the exchange. It is very profitable for them to sell them at the ICO price. |
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Maestro75
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November 12, 2020, 07:08:30 PM |
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There was also one year of work with a yield of only $ 20, this is often the case with bounty hunters..
This is why most of this bounties do not like paying in bitcoin because the team know that their project might fail. It is sad that someone will promote a project for that long and end up getting paid that small amount, wasting time and energy. And then someone comes to blame a failed project on hunters is very funny. |
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skarais
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November 12, 2020, 07:39:37 PM |
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This is why most of this bounties do not like paying in bitcoin because the team know that their project might fail. It is sad that someone will promote a project for that long and end up getting paid that small amount, wasting time and energy. And then someone comes to blame a failed project on hunters is very funny.
I have joined several bounties in the past and got some ERC20 token in the wallet as a reward for the project's success in sale. But until now I still hodl token in my wallet which is priceless and it's like trash because it doesn't seem potential. It is always an unfortunate thing on the part of bounty hunter if they don't sell it immediately after the trade is open. Getting paid is the right of every bounty participant if it meet the predetermined criteria, it's only natural to have to sell it while the price is still profitable. The project should be able to take the initiative if they don't want bounty hunter to sell it as soon as the trade is open such as paying participant in stablecoin if they have great success in the sale. |
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SektorPiii
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November 12, 2020, 09:08:17 PM |
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Hey guys, I just want to share my thoughts today about this, I have always said "bounty hunters are not the ones killing projects", but now I'm having second thoughts about it, I participated in youengine bounty campaign for about a week, although it lasted for quite a while,the bounty had about 4 rounds, the bounty ended about a week ago i guess and distribution of "youcash" started, I received about 307 youcash tokens as shown below By 8am this morning the 307 tokens was worth $10+, i didn't sell, I held on to it, to my greatest surprise this evening I checked my wallet and I saw that the 307 tokens are now worth just 0.35$ Although it recovered later, but it's not looking good at all, I guess this dump is caused by the bounty hunters because they just keep dumping the token, what about you, what do you think is the cause of this massive dump? What happened was just normal since most tokens are expected to drop in value once users bought a lot of it. That also happened to past Airdrops like HAWALA. Even without Bounties, the token value was high but when their second wave of Airdrop commenced, the value suddenly dropped. Its just like that so its just safe to assume that most tokens can possibly lose its value in a small amount of time. I agree that bounty hunters can affect the price, but why, for example, not pay the rewards immediately and in parts? Many projects do this. Or buy tokens to keep the price down. I don't think bounty hunters are the main factor driving down the price. |
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Gotumoot
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November 13, 2020, 05:43:56 AM |
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I guess those who dump it at high price are now coming back to t since the price is recovering.
It is still early to say but would it hit back to the price before they release the bounty rewards?
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Debonaire217
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In Code We Trust
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November 13, 2020, 07:07:15 AM |
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Perhaps, yes it is, but projects should be responsible for this. Bounty hunters deserve their hard work and projects should understand that already. With that, they should've prepared some advance mechanism to buy back the dip that was caused by the bounty hunters after distribution. If not, good projects could actually push the value of their tokens by showing how valuable it could be. Meaning, even if the projects don't have a plan to buy back from bounty hunter's dump, at least they should promise something big to avoid hunters dumping their tokens.
In addition, if bounty hunters kill the project, this means that the allocation for the bounty hunters is really big compared to the total sales of the project. This is a bad initiation of token metrics. They should allot a strategically planned allocation for marketing and bounty campaigns.
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iTradeChips
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November 13, 2020, 08:12:34 AM |
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Well since I saw it, is it really true that the said bounty pay their participants in parts? Why don't they pay them one time in full? What is the logic behind it? Now many more questions are being created by such a method of paying bounty hunters. I never encountered such bizarre method of managing bounties. That would make participants dubious and not enthusiastic with the project.
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Botnake
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November 13, 2020, 08:23:09 AM |
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Well since I saw it, is it really true that the said bounty pay their participants in parts? Why don't they pay them one time in full? What is the logic behind it? Now many more questions are being created by such a method of paying bounty hunters. I never encountered such bizarre method of managing bounties. That would make participants dubious and not enthusiastic with the project.
The logic is very simple, they don't want bounty hunters to dump their reward, so they did he distribution in parts but to be honest, there's only a little effect on the price of the coin based on my observation. I think what the team has to improve is to find a good and a liquid exchange so even if bounty hunters will dump, it would not hurt the project. |
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Ludmilla_rose1995
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Eloncoin.org - Mars, here we come!
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November 13, 2020, 03:27:51 PM |
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the Youengine project is still relatively new. their trading volume is still low. If the project team and developer are willing to work hard to increase trading volume, chances are their prices will increase. After all, their product isn't ready to launch either. maybe in early 2021 YOUC token price will recover, because their concept is very good. I advise you to keep your token on hold
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Ken_terrance
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Making Smart Money Work
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November 13, 2020, 03:45:52 PM |
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I hope OP is still holding his YOUC Token, the price is now better than what it is days ago, I don't know if this project will recover to it's old ATH but it won't hurt to hold, I don't regret selling when the price was way down, i never invested on the project I only promote with my spare time so reward is reward, either small or big
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firmino10
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elysian.finance
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November 13, 2020, 04:01:35 PM |
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This sort of thing is generally experienced by bounty hunters, where they need to work 6 months or more with negligible pay, here and there additionally winding up with bounty scams without token payment.
There was likewise one year of work with a yield of just $ 20, this is regularly the situation with bounty hunters.
in any case, you can spare the Youcash tokens that you get from the bounty, which realizes that in the following 1-2 years the price could be higher than now, if their group and company truly care about the YouCash token infiltrating the market, That's what you can do.
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pilosopotasyo
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November 13, 2020, 04:15:21 PM |
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the Youengine project is still relatively new. their trading volume is still low. If the project team and developer are willing to work hard to increase trading volume, chances are their prices will increase. After all, their product isn't ready to launch either. maybe in early 2021 YOUC token price will recover, because their concept is very good. I advise you to keep your token on hold
2021 will be the year if YOUC will take they are still in the crowdfunding and marketing period, after they distributed their token and since they have a new site now, all ready for their second stage of their road map, let's see if there platform is going to get support from advertisers, investors and the whole community, we'll have to see that in 2021, the token is very cheap good for pump and dump for traders. |
BACK FROM A LONG VACATION |
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oprahwindfury
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November 13, 2020, 04:43:24 PM |
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Actually, this is happening from the beginning and newbie hunters are doing this. though with the time people are getting experience and learning about the crypto they are behaving like mature. So, if we take steps about the newbie to make them understand or help them a bit about the project and the process then it can be a very good thing.
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Nhor1011
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Daxetoken.net
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November 13, 2020, 05:28:34 PM |
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That's normal scenario that after bounty distribution the price of a token/coin suddenly drop down. But I believe that if the project has a good foundation and the team behind the project has a full support for it, then even the hunters or whales caused a huge dump, the value of token will still recover, you just need to hold and wait for it.
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