Bounty distributors should also know that it takes resources(mobile, data subscription, electricity) to perform those tasks. There should be a fairer reward distribution and not meagre tokens that is not even worth a dollar.
What do y'all think about this?
The common problem I see is that most bounty hunters don't even evaluate the campaigns they're participating in, most would just join without even thinking and then rant by the end of the campaign 'cause they receive very little rewards.
Whatever bounty campaign is running now, only the project team has the final say as to what the rewards will be and they don't care about those things you mentioned; at all. All they care about is getting exposure for their project. Some of those project teams don't even care what the current value of their tokens/coins are and just gonna dish out billions of their native tokens for a bounty campaign. That should tell you how much you'd probably earn on that campaign. Basic economics supply and demand. If you think the rewards are too small, then don't join.
The key is to evaluate the project, the rewards and then decide if it is a good idea if you participate or not.
Thank you so much for replying. We Bourbon hunters still need to survive in the cyber world too. If there's any other nicer job you can recommend it will highly be appreciated. Thank you again for your kind gesture.
I guess it is safe to say not all bounty hunters are alcoholic
All kidding aside, you can try and learn more technical skills like coding to get a stable job so you won't have to rely on bounty campaigns.
Another method is to build up your own blog or website, do write-ups, or do video reviews about projects, build up your channel and monetize it.
[EDIT]This is escrow tokens is useless if the project will not gonna be successful. Its still same as not being paid from your work since those escrow tokens is still useless. But of the escrow method is successful because they are asking stablecoins or other coins with value as collateral if ever the project turns shit to pay participants. Only few projects are doing this and bounty hunters should look for that insurance terms before they join rather than wasting there effort on a guaranteed scam project just like what most bounty campaigns available on altcoin board right now.
100% Agree. Here's a prime example:
Space Runners. An NFT project that launched its bounty campaign and set the rewards with stablecoin (USDC).
When I negotiated with that team, they are the ones who suggested with such a reward, which is very rare 'cause most project teams I encounter are even hesitant to spend a few dollars.
Per my experience, no project team would offer to put in popular cryptos like BTC/ETH as an insurance policy, most would choose to spend their own token (if they have one). So not much choice there really.