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Author Topic: How to know a good bounty  (Read 10303 times)
Sunrise360 (OP)
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July 15, 2022, 09:48:54 PM
 #1

I heard that some bounties fail to pay participants at the end of work. Considering this senerio, how can one know which bounty is a good to participate in?
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July 15, 2022, 09:53:15 PM
 #2

I heard that some bounties fail to pay participants at the end of work. Considering this senerio, how can one know which bounty is a good to participate in?
Even a top manager have their own failed project, so technically we can’t tell aside from the manager being escrowed the total budget of the bounty. There’s a lot of campaign already that is being escrowed, you can participate on that and do the job. Again, better to have your own analysis as well so you can know if that project is worth your time, some bounties are still paying good money here just have more patience.
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July 16, 2022, 05:40:33 AM
 #3

first of all, I think this is not supposed to be on the trading discussion board but in beginner and help. and second one there is lot of good bounty manager out there Hhampuz icopress BountyDetective among them but usually not the manager who failed the bounty but the project did.

how to spot good bounty by looking the project itself is the dev really working on the project if the roadmap was good but usually manager already crosscheck everything but if project didn't give payment in front or escrow it first you need to be careful its trickier

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July 16, 2022, 06:35:38 AM
 #4

Can't really know for sure. The only thing that's honestly worth the time is signature campaigns, or you get a job instead. Bounties have mostly been a waste of time for a while now.

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July 16, 2022, 08:20:59 AM
 #5

I heard that some bounties fail to pay participants at the end of work.
Many of them are, if you observe with those hundreds of bounties running. You'll only see a few of them become successful to pay their participants. That's why they're giving a rule that's favorable to them and it's like if they become successful, you'll be paid.

But if the project fails and marketing, you don't get paid.

Considering this senerio, how can one know which bounty is a good to participate in?
There are too many factors that you can set but even having that, you'll still like floating in the air choosing what's good and bad.



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July 16, 2022, 08:56:04 AM
 #6

I heard that some bounties fail to pay participants at the end of work. Considering this senerio, how can one know which bounty is a good to participate in?
Many senior colleagues here have share their experience and have also catigorisr Bounty as a total waste of time, but it's still sure that there are good managers to bring good works, but Bounty didn't worth your time.
it's pretty advisable to take your time and learn, I promise you the forum is interesting and educative, you can learn and interact with people instead of wasting your Time on bounty campaigns that will mostly end up as scams.

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July 16, 2022, 09:29:57 AM
 #7

You're correct, even you're got paid from the bounty, how you can really sure the reward is same like their promise beginning of the bounties? Because many bounties promise the token will be listed on exchanges worth $1/token, while the truth the price is just $0.05/token or lower.

You can't know which bounty is good to participate, but you can only minimize the risk of getting scammed, but you only got a worthless token. It depends your luck.

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July 16, 2022, 09:40:03 AM
 #8

You'll know if it is a good bounty if its intent is realistic. A project is even more promising if it has a product or service that will be useful in the development and innovation of the industry or of this technology.

Don't believe in sweet and nice words because that is no different from offers that are too good to be true, because the truth is that it is very impossible for what they want to happen.

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July 16, 2022, 10:36:16 AM
 #9

Before, bounty allocations were like $1M in fund and then no one has that thought of which of them was real and fake. Well, it was the ICO craze and many have made a lot of money from there. Knowing today how legitimate a bounty is harder. Let's say that you've been legitimately paid by their token but the next challenge that you have to face is where that token is listed. If the devs are good, they'll have it listed on a good exchange otherwise, it's listed on ugly exchanges that has got low volume.



 

 

 

 

 

 


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July 16, 2022, 10:37:00 AM
 #10

Talking about bounties, nobody could assure that was a good bounty until it was proven.
A lot of bounties that I've joined before during those days when it was really profitable (2016-2018), yet the sudden change has come after that year as the majority of them are turn scammy and make me stop joining them.

 * transparency
 * known developers
 * liquidity

All we think is that it was fine and we can assure that it will succeed but somehow, it was very unfortunate that many of these like are doing an exit scam, some are just gone.

R


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July 16, 2022, 12:27:45 PM
 #11

I heard that some bounties fail to pay participants at the end of work. Considering this senerio, how can one know which bounty is a good to participate in?
Some criteria but no gold standard

  • Don't join bounty as your first priority
  • There are more things you can learn and find jobs in cryptocurrency industry that is growing with fastest rate ever in history
  • If you join bounty, let's consider
    • Manager is trusted and experienced so that there is enough pre-research before the bounty launch
    • Is bounty reward pool sent and Escrowed by the manager? If manager receive reward pool before a bounty launch, participants will be paid for sure -- we're talking about non-scam manager who won't run away with reward pool
    • Next, another risk. Reward you receive won't have any value or very low value.

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July 16, 2022, 12:40:19 PM
 #12

Imho a good bounty has to have at least two things:
* good reputation - either an older bounty, either it's held by a campaign manager with good history and good reputation [beware, some look good only at the surface]
* pay in something valuable - preferably bitcoin, but it also can be an altcoin or token already listed (for some time) at exchanges

Imho in most cases, even if the bounty was fair and successful, the users usually don't get the money they expect for the work, because the payment is held in coin that cannot be exchanged or it has lost a great deal of its value from the moment the bounty has started to the moment of receiving the coins.


However, all this doesn't matter much: bounties keep getting filled by people who don't read much, just hurry to jump in, no matter what, scared to not lose their spot.

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July 16, 2022, 01:04:36 PM
 #13

I don't their is anyway you can know if a bounty will pay or not, the only wey inwhich hunters can be assured of their payment is if the reward is been escrow by bounty manager. I know their are some reputable bounty managers in the forum which always make their research about about a project before they accept to run a bounty for them, but even those managers still fail to get hunters their payment. If you want to participate in bounty campaign always make sure you work with a reputable bounty managers I believe that will help you.

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July 16, 2022, 03:38:05 PM
 #14

... how can one know which bounty is a good to participate in?

If the manager uses escrow and the payment is made in bitcoins, then this will be a good bounty program with a guaranteed reward. If the payment for the work done is made in tokens that are not traded anywhere, there is a very high chance that you will waste your time in vain and, accordingly, you will not earn anything.


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July 16, 2022, 03:54:59 PM
 #15

I heard that some bounties fail to pay participants at the end of work. Considering this senerio, how can one know which bounty is a good to participate in?
Even a top manager have their own failed project, so technically we can’t tell aside from the manager being escrowed the total budget of the bounty. There’s a lot of campaign already that is being escrowed, you can participate on that and do the job. Again, better to have your own analysis as well so you can know if that project is worth your time, some bounties are still paying good money here just have more patience.

Bounty enrollment is a game of chance and that means it involves luck. About escrowing of the rewards this does not matter anymore because a coin in your wallet when distributed but it is not in exchange, then it is waste of effort when it is not listed. Also some team luck up the coins for a long time and you can't sell even you having the coin in your wallet. It is luck but better to participate with reputable manager and coins escrowed because you can be lucky as I said. A bounty that will scam partipants will eventually do scam.
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July 16, 2022, 04:04:13 PM
 #16

This is hard to answer since bounty hunting is all about luck based on my experience. A good manager handling a bounty doesn't mean the project is great, it could go around in the end. Even if they had a good whitepaper and great partnerships with some companies, they could still turn out to be a scam in the end or if not, their coin is garbage. It's all about trial and error.
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July 16, 2022, 05:08:00 PM
 #17

This is hard to answer since bounty hunting is all about luck based on my experience. A good manager handling a bounty doesn't mean the project is great, it could go around in the end. Even if they had a good whitepaper and great partnerships with some companies, they could still turn out to be a scam in the end or if not, their coin is garbage. It's all about trial and error.

You'll only know if a bounty is good paying once you receive a payment from it and if the payment would be in Bitcoin or other tradable altcoins with good value. We can't say at the beginning of the bounty if it's a successful one because even the developers aren't sure about it but if it's being handled by a trusted manager, there's still an advantage. It's just too important that you'll have a continuous connection with the bounty managers in the platforms that they use.
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July 16, 2022, 05:42:37 PM
 #18

It's hard to know for sure, but generally the bounty campaigns here in the forum pay participants except in some cases where some problems occur or the project fails, there are some bounty offering guarantees of payment and some not.
Another thing about bounty campaigns is that you can be paid with the project’s token, but in the end you discover that this token is not worth anything and its price is very low, so it will be a waste of time. It is better to participate in signature campaigns that pay with Bitcoin, but of course you need to upgrade your rank in the forum first.

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July 16, 2022, 06:10:27 PM
 #19

I heard that some bounties fail to pay participants at the end of work. Considering this senerio, how can one know which bounty is a good to participate in?
Now it is hard to says that which bounty project will good. Today more over all bounty campaigns were being scamed. Now the matter has become such that the work is more and the reward is less.  Although its work are almost entirely done by copy and paste.  As the quality of work has decreased, so has the quality of payment also decrease.
Even then you wanna work in bounties then go for those bounties who gives stable coin and also managed by a reputable manager. You can also go for these Managers bounties. https://bitcointalk.org/index.php?topic=5387456.msg59562820#msg59562820



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July 16, 2022, 06:25:54 PM
 #20

I heard that some bounties fail to pay participants at the end of work. Considering this senerio, how can one know which bounty is a good to participate in?
Gone are the days where bounty is relevant and worth for the time into those golden era of ICO's where someone could potentially earn thousands of dollars with it but after 2018 where that market crash happens
then this is the time where things turns out to be shit and not worth but surprisingly there are still people who are fan on joining up even up to now.

In the question on how to know a good bounty? In depth research would be the key but dont expect that you would always ending up on getting a good one despite of the
analysis you had made.

Just like on what others been saying above that even bounty managers doesnt really have that assurance for a project to succeed.There are lots of factors which could really affect
projects success whether total support from the community or just simply that project is scam since from the start?

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BETTING
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