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Author Topic: What is your opinion on the method of payment for bounty rewards?  (Read 535 times)
VanityWallets2015
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February 10, 2022, 11:05:35 AM
 #21

Joining in Bounty Campaign can be consider as an investment because the project that launching the campign is still in the initial phase.

Yes you have a point, it can be an investment for bounty hunters it has a risk and if they managed to participate on a good campaign they can earn good profit since not all projects can be successful in the future majority of the projects that runs bounty campaign are useless projects and just wanted investors and probably end up scamming their investors.

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February 10, 2022, 11:08:04 AM
 #22

Bounty is one of the medium used as a means of creating awareness about a project. As the name implies it is supposed to be a "paid to perform" task. If you're so new to bitcointalk forum I mean those task where you will be asked to perform some task to in order to get rewarded with some tokens. My main concern is the mode of payment. I've realised that upon all this task they are told to do which in one way or the other help boost the project in question, they end up being paid in cents. Some of them pay with tokens that are not listed which means you can't sell it anywhere. Seriously it's not funny. At least people should be treated fairly for their time, knowledge and energy. 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?


Not getting compensated is part of the risk involve upon joining on bounties and you cannot expect that everytime you join on various type of campaigns here you automatically get a profit from them, so I guess you should accept this fact earlier so that you will not expect anything and stressed out once you find out that the campaign you join is not really worth it. Although its really sad to encounter this but  for sure you will get used to it.

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February 10, 2022, 04:24:57 PM
 #23

If they can join in the right project, they will get paid and have a token that can work as their investment. But most projects can not perform well because many of those projects are just scamming their participant and leaving it like that. It is hard to choose the projects as many of them will say that they will be bigger and have the opportunity to have a better position in the market. We should be aware of a project that gives many tempting rewards because that will be too good to be true, especially for a new project.

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perfect999
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February 10, 2022, 05:33:52 PM
 #24

When you get paid in tokens and if project turns out to be good you will be paid out way more than dollar/btc/eth paying bounties.
We need to consider the ranks of the accounts apart of that. If your rank is low when you join a bounty or your social media accounts has a low follower/friend count, your pay is also gonna be small no matter if the bounty campaign you joined became successful and then you need to consider the time you spend in bounty versus the time they spend in a btc paying signature campaign.

BTC paying campaign are paid weekly and the payment is more guaranteed because its usually being handled by a trusted manager and usually with escrow but in bounty your working for how many weeks with no escrow most of the time. The risks is huge and it cant be worth it.
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February 11, 2022, 12:18:36 AM
 #25

When you get paid in tokens and if project turns out to be good you will be paid out way more than dollar/btc/eth paying bounties.
The risks is huge and it cant be worth it.

This is ethlend bounty (now aave), it was certainly worth it: https://bitcointalk.org/index.php?topic=2078686
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February 11, 2022, 09:29:36 AM
Last edit: February 11, 2022, 09:16:57 PM by Adbitco
 #26

These things you must note down about Bounty campaign; You know it's called "bounty" so is for everyone here to participate and enrolled if it turns out to have much crowded participants were the rewards are being slashed down wasn't the fault of the managers. most at time they limits participants to allow the already applied users get good payout from the campaign yet some users don't promote or being sincere while promoting the campaign, most of them all work for the first week and all they do is copy and paste from their previous works whereas its required to make task every week, due to these reasons most managers do not longer limits participants because most projects owners seek for the audience and higher spread out of their projects.

Keep note that there are some rules that governed the campaign, it is a thing of choice so is either you join or not join.

Now in terms of paying out rewards, most managers are sincerely enough post their escrow address where the bounty payments have been sent to distribute to participants. In most cases the project owners make payments to the hunters so managers don't have control over there.

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February 12, 2022, 09:11:48 PM
 #27


Now in terms of paying out rewards, most managers are sincerely enough post their escrow address where the bounty payments have been sent to distribute to participants. In most cases the project owners make payments to the hunters so managers don't have control over there.

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.

I must say this to you that doing or joining a bounty campaign is like a game of probability, you don't know the outcome of your income (payout) because it will be proportional divided by total participants then multiple by accumulated stakes.
 .
. . total stakes of all participants divided by total allocation of a pool then multiple by accumulated stakes to get your rewards, in this you don't always know the projects that will succeed when it comes of joining a bounty campaign. Though are some trusted that could do well but it will be flooded by participants at ends turns to be nothing in terms rewards. The escrow address is to show that bounty manager is with the funds so nothing much that.

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February 12, 2022, 10:25:30 PM
 #28


Now in terms of paying out rewards, most managers are sincerely enough post their escrow address where the bounty payments have been sent to distribute to participants. In most cases the project owners make payments to the hunters so managers don't have control over there.

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.

That's right since eventhough the fund are in escrow still there's no guarantee if we participants will get compensated still people will not sure about if it will get value or if this token will be listed on a exchange so I guess people should take also that risk since bounty now is pure luck. For now just joined on what reputable managers handle since maybe from this the chances to get paid is little much higher than any other handled by random guys.

R


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February 13, 2022, 08:14:50 AM
 #29

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.

There are lots but this totally depend on how many your skills. You can also become the creator for NFT and these days so many people are able to make money from there. Don't you see some popular case related with NFT. that gives ability for the ordinary person to be more creative and they will be able to sell their creation to the free market like opensea. If you can take this opportunity and this will be very good thing for you.
I must remind you that if there are bunch of jobs available in the crypto other than doing bounty. that depends on how good you are to take such opportunity from the market.
that's it.

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February 13, 2022, 03:32:22 PM
 #30


Now in terms of paying out rewards, most managers are sincerely enough post their escrow address where the bounty payments have been sent to distribute to participants. In most cases the project owners make payments to the hunters so managers don't have control over there.

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.
Participants in escrow project another modern scam unless the project owner unable to escrow stablecoins or different coins with esteem as guarantee. Native tokens could be never launched or could perform completely different behaviors. Most project ran away at middle stage or before finishing line. There only rare project owner aims to offer respectable prizes to their advertisers, we can't make any move in regards to this however acknowledge anything that we get.
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February 13, 2022, 09:34:07 PM
 #31


Now in terms of paying out rewards, most managers are sincerely enough post their escrow address where the bounty payments have been sent to distribute to participants. In most cases the project owners make payments to the hunters so managers don't have control over there.

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.
Participants in escrow project another modern scam unless the project owner unable to escrow stablecoins or different coins with esteem as guarantee. Native tokens could be never launched or could perform completely different behaviors. Most project ran away at middle stage or before finishing line. There only rare project owner aims to offer respectable prizes to their advertisers, we can't make any move in regards to this however acknowledge anything that we get.
Then who would be the one would act like an escrow? For sure even those funds would be escrowed it doesnt really give out assurance that those amounts would be totally in safe hands

thats why getting rid of the risks wouldnt be that possible and thats why we couldnt really see such service or situations on where project owners do really tend to have that kind of set up.
It might sounds sad but it is indeed the reality on most projects, they are the ones who do handle out those funds and thats why trust issues could really arise from anytime.
If you do believe on such project then the thing you could do is to trust up that everything would go well.

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February 14, 2022, 02:53:38 AM
Last edit: February 14, 2022, 03:05:14 AM by julerz12
 #32

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  Cheesy
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.  Cheesy
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.

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February 14, 2022, 09:05:02 AM
 #33

It is the truth.

Many of the projects out there are scams and they have no obligation for the bounty hunters to be at their pity because it's a bounty project.

A project that relies on the success of the sale so if they get success, the chance is high that they'll get paid but there are also successful projects that delays and sometimes don't even pay.
Scamming projects will always offer lucrative bounty hunters and invite them to participate in their projects. They also promise their investors that they will make a big profit.

They will not feel sorry for the people who are deceived and they will look for other new targets to be able to get their money by deceiving them. So, in this case, all investors, bounty hunters or traders need to do some research before getting into the project.

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February 15, 2022, 11:18:55 AM
 #34

I really appreciate the facts that people have different opinion on this. Just like there are rules governing the the do's and don't in this forum, I think it will be fairer if such rules are also implemented to govern task reward. In so doing, there will a uniform method of payment in the forum and anyone (individual or company) who embarks on setting up a project will know the number of participants expected to participate and how much they will be paid according to to the stakes given . But at least it should be worth each ones time and energy.
This totally depend on the total stakes. Remember that before you have joined in any bounty and you have seen how much allocation and the result of your reward will depend on how many participants in this section. I meant bounty has various sections.

Talking of improving skills to earn high, nobody wakes up to gain skills automatically without actually practicing what he learns to gain the skills. In as much as bounty should be viewed as workshop to improve skills and knowledge, people's time time should be rewarded because they help promote a project in seemingly unknowing ways.
yeah but the result will always unpredictable. Sometime it will worth with your effort and in another case it will not worth with how many times you have spent promoting the project.

And as for the bounty hunters, I suggest you do not become ignorant of rules governing a project. As our predecessors all said, bounty is at your risk. Please educate yourselves to understand the payment pattern of a project in question  before participating. It will be help keep fraud at minimum.
The only problem is the reward is not getting escrowed and this is it. People in here are prefer to use quantity over quality. The chance to reduce participated in the garbage bounty will be less.

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February 18, 2022, 06:02:13 AM
 #35

Scamming projects will always offer lucrative bounty hunters and invite them to participate in their projects. They also promise their investors that they will make a big profit.

They will not feel sorry for the people who are deceived and they will look for other new targets to be able to get their money by deceiving them. So, in this case, all investors, bounty hunters or traders need to do some research before getting into the project.
Asking to invest in the project is a choice not an obligation. The team may ask for that but whether to choose to do that is your own decision. Should not be the reason of raising a flag.

But considering the fact that there are scam projects in very large number than number of legit ones this above line may just be true.

I know one such campaign manager who is no longer active now, had been offered a large volume of tokens for the cost of 4eth. He took it and then the project turned scam. Therefore they lost the 4eth which could have been a better investment.

 
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February 19, 2022, 08:04:05 AM
 #36

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?

I think what they give is very fair, but if finally bounty participants only get cent it is not because the project is unfair but because the market does not see the potential of the token so the price becomes cheap. It would be unfair if they changed the amount of token allocation to be distributed or stalled the division time.
That is why you have to be careful in choosing bounties but unfortunately bounty participants mostly use multi accounts and will only cry and blame the project if it gets small without realizing that the mistakes in those who are not careful.

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February 19, 2022, 10:40:34 AM
 #37

As the name implies it is supposed to be a "paid to perform" task.
Bounty rewards are all calculated each rank and as a participants of the bounty you should read their rules first before joining to don't missed some of the information especially when it comes payment, So dont based on your performance mate.
and however if you noticed that you didn't receive an exact amount of payment then contact them because surely there significant reason for that, i mean unless if they're not scam.

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February 19, 2022, 01:53:50 PM
 #38

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?
that's fine. When you get a low reward and it means if you have joined in the bounty with low allocation with many participants. If you wanna get a decent reward for your effort and you can try to join in the bounty that puts a limitation on its participants. The main concern is if you are putting quantity above everything and then you can at least get a reward from some bounties at the same time. It may be decent reward for you but if you can't get it and just focus on the quality, allocation, and participants. You get a small reward by joining in the small bounty with large participants and you can't blame it. that's your fault. The method used to pay the bounty reward is good enough right now. there's no need to complaint but do your own research.

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February 19, 2022, 10:08:46 PM
 #39

It is the truth.

Many of the projects out there are scams and they have no obligation for the bounty hunters to be at their pity because it's a bounty project.

A project that relies on the success of the sale so if they get success, the chance is high that they'll get paid but there are also successful projects that delays and sometimes don't even pay.
Scamming projects will always offer lucrative bounty hunters and invite them to participate in their projects. They also promise their investors that they will make a big profit.

They will not feel sorry for the people who are deceived and they will look for other new targets to be able to get their money by deceiving them. So, in this case, all investors, bounty hunters or traders need to do some research before getting into the project.
Not all.

They also offer the same usual rates with the others. The rates won't determine a project whether it's a scam or not. It's not the actual basis but you can also be right with that.

But if they're the ones promising big returns, that should already be the sign and a flag that the bounty project that you're working with has some shady attitude.

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rahmad2nd
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February 19, 2022, 11:47:33 PM
 #40

I think payment for bounty reward better with stable coin, always have complaint from investor or bounty manager about coin price drop after distributing for bounty participant, take less drop price although sending reward for bounty participant less than 1% from coin supply I think payment using BUSD or USDT is best way how to avoid price keep up but need to pay based on how much coin earn and calculated based on price of coin promoting, but if coin still not listed on market better sending reward using coin than stable coin like USDT.

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