Does bounty really make money?/Who are participating in the bounty?

[kxwhalexk]

You shouldn't. That's how you get negatively tagged or banned if one of your alt gets banned for any reason.

Sorry, I forgot to add the quotation mark "", I actually wanted to be a bit ironic，They waste a lot of time doing something meaningless. Many of them are accounts 2017 ago. If they could hodl any coin, they would have become rich.

I will never use a large number of alt accounts to participate in bounty.

[Porfirii]

As stated in previous comments, back in 2017 (that I remember) there still were some good projects that launched successful ICOs that paid a lot to bounty hunters. I remember one of the very first campaigns I participated in, Populous: the idea was quite good, joining factoring and blockchain technology, and I got like $8K for participating. Others didn't pay or were worthless, but Populous wasn't the only one that paid a lot. I guess that before 2017 the rewards were even better, imagine earning some IOTAs, TRON or even ETHEREUM at ICO price from a campaign and hodling! (I'm not sure whether these projects made campaigns here, but you get the idea).

At the end of 2017/early 2018 everybody wanted to launch their own token, which made much more difficult the task of sorting them. The outcome was new airdrops every day that just wanted to get your data, real shitcoins with no projection at all, and participants who would post in several social media regardless of the quality (when the projects themselves didn't care about their own quality, why would they care about bounty hunters'?)

Since the start of the bear market in 2018 I haven't almost followed the altcoins section of the forum: when I click in "Bounties" I get overwhelmed by hundreds of new threads that tell me nothing. I guess that one can still make good money after all, but it is much more difficult as competition has gone nuts, many bad actors with multi-accounts etc. get out with impunity, and most projects are just make money quick schemes for the organisers.

[Saidasun]

My observations of bounties has been that they generate a lot of spam, pay their participants next to nothing and promise them the world and NEVER deliver that. Most projects behind the bounties turn out to be scams and the participants do not even hold the team responsible and go onto the next bounty offering stakes worth nothing and they continue to spam the forum and social medias.

Its the bounties that give cryptocurrencies a bad name and I would like to see stricter regulation on bounties and holding the team behind them responsible. If you go to the bounty board for a few moments and take a look at the topics they all look the same and they all offer similar pay structure which is usually peanuts. I am convinced that the majority of the bounty board is by the same people and they just continue opening new projects every day just to profit off the people who will work for literally nothing.

[Pmalek]

Most projects behind the bounties turn out to be scams and the participants do not even hold the team responsible and go onto the next bounty offering stakes worth nothing and they continue to spam the forum and social medias.

It's very little that the bounty hunters can do. They can ask, beg, or threaten the projects to pay them but they will most likely just be ignored. I doubt that a lawsuit can be filed since no contracts were signed and many projects are run by anonymous or fake teams. And which jurisdiction would that lawsuit be filed in!? 

Its the bounties that give cryptocurrencies a bad name and I would like to see stricter regulation on bounties and holding the team behind them responsible.

I proposed a long time ago that bounty organizers should be made to pay a certain amount as collateral that would be held by a forum escrow before they be allowed to create a bounty campaign. That money would be returned to them if they did what they promised or shared with the bounty participants if they don't deliver. However, such a proposal wasn't well received because many people thought that would seem like the forum was whitelisting, promoting, and supporting certain campaigns over others. Bounty hunters would have a fake sense of security. But I am still convinced that is something that could work and is better than the scamming freak show we have now.

[aysg76]

But according to my observation, most of the people participating in the bounty program are bountyhunter, and their twitter/facebook/telegram etc. friends are also their account. I don’t think the bounty task can have a promotional effect.

They generally have a lot of activity, but almost no merit

The main aim for bounty hunters is not posting and contributing to this forum and they have just setup their account for the bounty allocation programme and making many alt account for the same purpose.They will get stakes weekly based on their social media engagement like followers and youtube views and will get paid at the end of bounty campaign which can be low, medium or high based on the token price listed on exchange.

You will not see any merits on these accounts and most of them will be newbies and junior member and the main reason for activity is they spend time on forum looking for any such bounty all the time and make new accounts for the same purpose.You will see 10-15 pages filled within few time after the official thread has been made by manager.

 

See not any effective posting and all about proof of submission related threads and the whole damn purpose is to join these campaign.But we don't need to care about them much and continue our work in the same way we are doing to give healthy discussion to the forum and let bounty hunters do what they are doing.For them this forum is some sort of income source but for us it serve some other much important purpose as we have learned a lot from here and same is going to happen.

[Gcrypto786]

well, its all depends on the bounty and its value. Also, the person who posted the bounty like the bounty managers put some impact on the campaign, like bounty detective have good reputation and same goes for others.

[Saidasun]

well, its all depends on the bounty and its value. Also, the person who posted the bounty like the bounty managers put some impact on the campaign, like bounty detective have good reputation and same goes for others.

I think its less of the name of the bounty manager than what they pay. If a bounty is paying in Bitcoin or any of the more popular altcoins (ETH) then you will see a lot more buzz around the project. Otherwise most of the bounty campaigns pay the same worthless stakes and the bounty manager has a minimal impact.

[Eureka_07]

I think those companies that held bounties will be able to have the the greater chance to success is when their campaign is properly managed and their use cases are good as it is. Those tokens that has use to the community will most likely thrive if their existence is very well advertised.
Now, in case of those who participates on these bounty campaigns, I do believe that bounties are still profitable, few. Depends on the token's availability and value.

[defi-Dany]

The project party did not expect the participants of the bounty program to bring new people to participate in the project. What the project team wants is these people who participated in the forwarding.

[Marvelman]

The vast majority of bounty hunters on the forum are basically just bots set up to post proofs of participation anyway. Considering the sheer number of campaigns and rewards they receive, it is unlikely that anyone would do that manually. But it's just my subjective impression because there's no way to prove it.

[Issa56]

I think most bounty hunters always do follow for follow to get there followerz which is bad but I don't really think there should be any penalty for that the only the team need is awareness and new people investing in the coin if people you are following can invest I don't think there is anything bad there. Just do your best by making decent post.

[killerman2]

Its depend upon bounty project. Somtime project success and price goes 10-100x and allocated coin give you decent profit. Bounty like Dego,Vulcan has given 1000$+ to single user.

[ccFOUND]

There are some instances that we have come across.

• When a project turns out to be scam.
  When bounty hunters work too much but project turns out scam, then the bounty hunters lose.
• When project does not pay out intentionally for specific reasons.
  If a project is scared about bounty hunters dumping their tokens, they don't pay bounty hunters for specific time. We have seen some bounties giving this reason for not paying their hunters for a long time while some projects do not pay at all.
• When bounty hunters do nothing and expect too much.
  Sometimes, it is not the fault of a project but bounty hunters. They do not present what is expected, make nonsense posts without adding any value to the discussion or not making any discussion at all but again, making irrelevant comments and even copy-pasting other member's comments only to get their stakes.

We think bounty hunters should take care while joining a bounty to save themselves from getting their time wasted (while we also don't doubt that some bounties have also provided more than $3000 in tokens that the hunters received after its listing).

On another note, we would also like to add that bounty hunters should work hard to promote the projects if they expect them to receive better rewards because if the hunters will not work hard and will not promote in a better way, then they should not blame the project if it does not succeed well. Projects advertise to create hype, if there is no hype created by the members, the hunters may not get what they expect in terms of USD once their earned tokens list.

Gain wisdom at ccFOUND

[TelolettOm]

If you ask that question, the answer :
Maybe yes
Maybe No.
Yeah, these two answers are always what we are getting in the crypto. Let's see that we joined in 5 bounties and only 3 that paid well. This is what the bounty hunters take the risks.
If the percentage is higher for the worthy reward until exchangeable, it means that the bounty for us is still worthy and also giving income.
But, if we always do bounty and now rewards get in, or the rewards are not even exchangeable, and the projects are dead, as it always every time we are joining the bounty, it means that we are fool enough by choosing the scam or shit bounty projects.

[Mr.Scott]

Its depend upon bounty project. Somtime project success and price goes 10-100x and allocated coin give you decent profit. Bounty like Dego,Vulcan has given 1000$+ to single user.

I agree with you. Sometime bounties really worthy and pay hunters some decent amount. I want to add more examples of such bounties and they are, United Crowd, Omni, Citizen finance, Birb etc. So I would say it's not fair to underestimate Bounty and Bounty Hunters.

I didn't take part any bounties that mentioned above but learnt that those bounty hunters got decent rewards. Few months back i took part Youc bounty and received around $2K which I never ever expected. It's confirmed that bounty hunters really can make money and it depends on projects.

[Raflesia]

If you ask that question, the answer :
Maybe yes
Maybe No.
Yeah, these two answers are always what we are getting in the crypto. Let's see that we joined in 5 bounties and only 3 that paid well. This is what the bounty hunters take the risks.
If the percentage is higher for the worthy reward until exchangeable, it means that the bounty for us is still worthy and also giving income.
But, if we always do bounty and now rewards get in, or the rewards are not even exchangeable, and the projects are dead, as it always every time we are joining the bounty, it means that we are fool enough by choosing the scam or shit bounty projects.

Actually, it's still worth doing the bounty and that's how we choose the project, sometimes what is said is very easy but the fact is that even a promising project will not necessarily pay off the hunters in the end, there is no value. This is still happening today.

Some of the bounties are now listed on the exchange even though the selling price is not as expected or below the selling price, therefore as long as you are still ready to work on the bounty task then do it, I see there are still many potential projects that provide quite a lot for hunters.

[anu1908]

it's more or less a lottery with a higher chance of rewards (compared to traditional lotteries), but you still need to trade off a lot of things, including your time, if you want to dedicate finding rewards on it. i just treat it as a side-job (or a hobby even) so there's no need to get so disheartened if a project screw me up, but will tag and ask them if they really scam me.