I guess bounty hunters really kill projects

[Willitivity]

The team should have make volumes and liquidity available for the project, why did they list on coinbene and p2pb2b exchange? What do you expect? If you think the project use case is good then hold, I can see that the team are planning to list on bigger exchange soon.

I was asking myself the same question, p2pb2b is a shady exchange and new projects listing on such exchange won't gain much attention from the market since alot of trader avoid going there to trade, and I also heard the team claimed to have enough money to list on bigger exchanges, but I'm still in shock on how they chose to list on p2pb2b, even if they don't have money to list on top exchanges like binance or kucoin, that shouldn't be the reason why they should list on p2pb2b,nevertheless the youc token use case is good, but I can't tell if they will survive for long in the market.

[militiariko]

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?

I usually do not interfere in claims as this; but claiming that bounty hunter truly kill projects is a bias, stingy review. I also participated in the youc bounty; and in fact before the spreadsheet was ready or bounty over; the token was trading around 0.06$ / 0.07$. The youc made a mistake regarding token distribution which i will highlight.

When the spreadsheet was done; the publicly announced youc bounty distribution date on their various channels; and that was when the token began to dump. slowly and slowly; the drop in price before bounty distribution led to a situation where the distribution was spread across, with lowest earners getting tokens before the highest earners, and the distribution was spanned around 3-10 days (if i am correct), with wallets distributed to in a day not more than 20-30.

It was after the price was very inconvenient that the team rushed and completed the token distribution.

So can you please advise how and why bounty hunters kill projects? As at Wednesday, (2days back), the token traded at 0.01$.
please clarify and dont portion blames at ease.

[aundroid]

I usually do not interfere in claims as this; but claiming that bounty hunter truly kill projects is a bias, stingy review.

Totally agree here.
I have participated in many bounty campaigns, where the token price crashed before the bounty distribution.
I think these dumps are often due to early investors receiving extreme bonuses and dumping before the bounty participants can do it

[Altcoinsintel]

You seem to not understand anything if you blame bounty hunters for this. If the project really wanted to have better marketing they would have paid the bounty hunters in Ethereum and not risk this happen.
But as every shitcoin out there they wanted to pay McAfee to have them promoted, sell as much possible in a presale and have a coin listed in the worst exchanges without any support for price.

Instead of blaming bounty hunters blame the project for incompetence, bad marketing and terrible business plan. Or blame them for scamming their investors as 99% of ICOs did so far.

[Shasha80]

It is true that most bounty hunters immediately sell the tokens they get after the campaign is over. But it is not true that what
led to killing projects was the bounty hunter. Because the allocation distributed to bounty hunters is usually relatively small from
the total supply of the projects. So in my opinion the cause is early investors who bought tokens when the private sale was opened,
in fact the cause is sometimes the project owner himself, those who immediately dump and leave their own projects because they
have gotten the desired profit target.

[cytpoway121]

I usually do not interfere in claims as this; but claiming that bounty hunter truly kill projects is a bias, stingy review.

Totally agree here.
I have participated in many bounty campaigns, where the token price crashed before the bounty distribution.
I think these dumps are often due to early investors receiving extreme bonuses and dumping before the bounty participants can do it

You have stated a very good point; investors hodl far more tokens that bounty hunters; and that aside; bounty rewards are usually meagre 1% of total supply.  I think there has been several debates about bounty hunters, projects and distribution; any project that has fear or doubts should pay their bounties in usdt or any other stable coin. Makes it all easy

[Eco_111]

I'm not going to deny that I don't know about Youengine bounty campaign, I was fully aware of the campaign and I refused to join because of the bounty allocation, it's way too much and I expected nothing but huge dump, it's the team choice to give out millions of the token, if the bounty allocation was smaller it would have maintain good value but it's good that the token still grows up after the dump, not all new projects do this today

[Apostlekin$$$]

How about those projects that paid bounty hunters and the tokens price never dumped? There are many examples like that right now, so where is the fault coming from? Bounty hunters or the project itself? I think Youengine project has too low adoption rate, lack of Liquidity and volume will result in dump when bounty hunters sell their shares

[Paulogo]

The initial success and progressive success of any project in the long run is in the hands of the developers. The market only react on how a project is being initiated and developed. Personally, if I see a project with good development and platform I will have a second thought on selling my portion. Why should I even do that when I am confident it could be worth more the current price in the future.

[Davian144]

How about those projects that paid bounty hunters and the tokens price never dumped? There are many examples like that right now, so where is the fault coming from? Bounty hunters or the project itself? I think Youengine project has too low adoption rate, lack of Liquidity and volume will result in dump when bounty hunters sell their shares

I think the fault remains from the project itself, because if the project team doesn't do anything for the development of the project, it's clear that their project will not progress and there is a lot of interest from people in crypto, and we can see how much money each hunter receives on a project, obviously not too many and there are not in accordance with the time they have spent on the project, so it is ridiculous to blame the hunters for this.

[Bitbtc8]

This project have more sellers than buyers( low volume on exchange) that's why massive dump in value occurs, still this doesn't mean the project is trash and today this token is recovering too, it shows that the team are for real and they have good plans ahead, if the project is a bad one it will never recover from the dump, from 0.15$ to 0.0008$ is massive, most new projects won't ever recover from that .

[gurunanakji777]

I have a different opinion from you. If the project has good potential we can see a rise as well. The important thing is volume when it was total 10.64$ worth. Usually, there would be less volume that's why you see huge drop there and in most of the coins launching/listing, we see such kind of movement so it's not surprising. We can not blame the hunters only who holds just 2% of the total supply of the coin.

[Jeger.Kiting]

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?

Hunters sell the tokens they get but the market demand is very little, which is what makes the token dump
but if the hunter sells tokens but the demand on the market is large, there will be no big dump, it can even increase the volume and will slowly push the token pump

It all depends on their individual needs, we know they need income from a bounty campaign, when they get a payment it is their right to throw it or hold it, as long as possible, we also can't force them to hold it, that's why there are a lot of dumps happening to them. at this time, we are also here as bounty hunters, who want to get income when the payment has been made, then we also have to enjoy the results of our work, that is why dumps are currently very difficult to avoid, only one can prevent the dump from happening , price stability is very decisive and the management of the development team must also be able to prevent this from happening, at least investors and bounty hunters can get a balanced income so as to prevent dumps, we also cannot just accuse bounty hunters, because it is not only bounty hunters who hold , investors are certainly involved with trans what a big dump this big ...

[Maxre]

Has the team left the project? if the team can add an exchange that has a good volume I think it's not too late to fix things when the current market is very excited.

[warg2017]

If just this amount that used for bounty could kill a new token，then this kind of token shouldn't be published，the rather that not all the bounty hunter dump their bounty token . The bounty dump thing is a good text of a token good or bad.

[rahmatullah9305]

Has the team left the project? if the team can add an exchange that has a good volume I think it's not too late to fix things when the current market is very excited.

Yes, but at the moment the project team is very difficult to add exchanges that have a good volume, so they are not able to improve the state of the project in the near future or in the long term.

[carlisle1]

Has the team left the project? if the team can add an exchange that has a good volume I think it's not too late to fix things when the current market is very excited.

Yes, but at the moment the project team is very difficult to add exchanges that have a good volume, so they are not able to improve the state of the project in the near future or in the long term.

So if that is the case this means it is really a scam because Bringing the Project to Exchange is one of the most important part of creating a project here.
And if this become the last option then what kind of team and project is this?

If just this amount that used for bounty could kill a new token，then this kind of token shouldn't be published，the rather that not all the bounty hunter dump their bounty token . The bounty dump thing is a good text of a token good or bad.

Always blaming the Hunter but How much of the sales are being promised to the works of hunters?5-10%?how does this amount can bring a project died?
this proves that the said project is a Trial and error and only putting the Blame in every hunter that the only obligation is to promote their scam projects.

[Menawi12]

Bounty hunters usually only get a maximum allocation of 2% of the total supply. If the token or project is attractive to investors and has a large volume of transactions, I think it will not be very influential if bounty hunters sell their tokens. Investors sometimes also play with prices in order to buy at a lower price and I think there are many factors why prices can go down, not just from bounty hunters

[ekeh]

Many projects are developed in different motive from the developer, which bounty hunter can't kill the project, because is already allocated accurate to them, hence the best thing to do, is to provide liquidity that we over the bounty and any other investors that want to sell at lower price, from the factory.

[totoy4741]

The team should have make volumes and liquidity available for the project, why did they list on coinbene and p2pb2b exchange? What do you expect? If you think the project use case is good then hold, I can see that the team are planning to list on bigger exchange soon.

The team wanted the community to put liquidity instead if I am not mistaken, why would the community do that, especially bounty hunters who sole rely on the project's success. If the team really wants to the project to be successful they should something that will make the project more attractive to the investors and community.