Stable coins for bounty hunters

[jonathancool220]

I think this is also good for bounty hunters because it has certainty.
With stable coins, we can take stable profits if we become bounty hunters.
I totally agree with this and this is indeed revolutionary for bounty hunters, maybe the side effect of the project is less marketing because it is paid in USDT, not tokens.

[Rafiq]

I think bounty hunters can be paid in stable currency. Since in some bounty projects the benefactors are still paid in some trusted currency including Bitcoin, Ethereum, BNB, TRX, there should be no problem in paying in any stable currency including USDT or USDC. Rather, the hunters will be more enthusiastic and will participate in the campaign; As a result, success in the project will come easily.

[Rafiq]

There are projects out there already paying hunters with stable coins but the rewards are way more less than if it was paid in host's tokens. As most projects do not have funds before token sale hence they are unable to afford stablecoin as a reward to hunters. It will be good if it can happen without reward being reduced drastically though but it's unlikely it will be a norm as most projects doesn't value the contributions of bounty hunters.

I think, in a stable currency, there is no chance of paying less to the bounty hunters. And there is no problem even if the token of the project is not paid before the sale. The project team usually sells their tokens in Bitcoin, Ether or USDT, so they can easily pay the reward money to the bounty hunters from their raised funds if the project is successful after selling the project tokens; This is not supposed to be a problem for their project.

[highnayem34]

It is not profitable for the ICO team to pay bounty hunters for their work, so they will not do it. The ICO team sells its new tokens for bitcoin, ethereum, another cryptocurrency and stable coins. If the minimum amount of funds was not collected during the ICO, the collected funds are returned to investors. If you pay with the collected funds to bounty hunters, the ICO's task of distributing new tokens is violated. This is sometimes done in ethereum or bitcoins, but very rarely.

Yeah i know it's not profitable at all. Normally always scam ico dont give back funds to the investors. Bcs scam project's dont run promotions to receive lots of funds. They simply scam the community.

[highnayem34]

There are projects out there already paying hunters with stable coins but the rewards are way more less than if it was paid in host's tokens. As most projects do not have funds before token sale hence they are unable to afford stablecoin as a reward to hunters. It will be good if it can happen without reward being reduced drastically though but it's unlikely it will be a norm as most projects doesn't value the contributions of bounty hunters.

I know that actually. But paying in ethereum is worth to receive bounty rewards. Now Eth is 600$ but when it will be 1000$ value. Than bounty rewards will be double.

[highnayem34]

This is totally a good idea. I can say in doing this both sides would profit because bounty hunters will get the right price for them while the developers can avoid the posible dump of their projects.

Hmm. But note that if they pay usdt they need to buy. They simply giveaway native coin or tokens that generated for free.

[The Legend]

I think this is not an good idea. Because project team give their tokens for airdrop and bounty to spread their project's awareness, and it will also help them to maximize their liquidity. If a project use USDT or other stables coins, investors will think that the project does not have any potential, even their own team does not have confidence about their project.
Although I saw some casino/gambling site are distributing btc or usdt for their bounty.

[Malam90]

I think this is not an good idea. Because project team give their tokens for airdrop and bounty to spread their project's awareness, and it will also help them to maximize their liquidity. If a project use USDT or other stables coins, investors will think that the project does not have any potential, even their own team does not have confidence about their project.
Although I saw some (casino)/gambling site are distributing btc or usdt for their bounty.

I personally believe your point from the view point of the team. To increase liquidity with spreading to mass investors, spending tokens for it is good for the team but this tokens aren't good for the bounty hunters. They can't get their expected amount from selling it. Sometimes, this payment is worthless that doesn't cover the transaction fees, withdraw fees etc. Hence payment in stablecoins is good for them. But we have to think both sides (team and promoters).

[The Legend]

I personally believe your point from the view point of the team. To increase liquidity with spreading to mass investors, spending tokens for it is good for the team but this tokens aren't good for the bounty hunters. They can't get their expected amount from selling it. Sometimes, this payment is worthless that doesn't cover the transaction fees, withdraw fees etc. Hence payment in stablecoins is good for them. But we have to think both sides (team and promoters).

True, we have to think it from both sides. But my advise for all the bounty hunters is do it as a part time job, because there are very less project which will provide you stable coins. But I can see that now a days 40% projects launched their bounty after listing it on some DEX, which is good sign for us although 20% of them are fake too.

[MOProgress]

This is a bad idea, then people will treat the bounty as a job,there will be more competition here, and there will not be the same big earnings from a cool bounty!Some projects pay BTC, but this is only a choice!

[Malam90]

This is a bad idea, then people will treat the bounty as a job,there will be more competition here, and there will not be the same big earnings from a cool bounty!Some projects pay BTC, but this is only a choice!

You have mentioned an important point. I have also thought the same point if only payment for bounties is in stablecoin, then it will be very competitive and will get less payment. Tokens payment have chance to receive much better payment than payment with stablecoins.

[Cristiano]

Currently the most advantage is if the bounties are paid in USD.  Everyone will benefit a lot if payment is made through this.  We all want to be paid through USDT.

[highnayem34]

During the ICO, they collect bitcoin, ethereum, other popular cryptocurrencies or stablecoins and pay with their new tokens. Therefore, it is not in their interests to distribute them again.

Hmm. As you are saying that project is collecting bitcoin & Ethereum and distributing their native token. So they don't have any interest on their tokens.

So if you stable your coin position market obviously net and clean or transferent payment procedure. Eather, bitcoin, tron etc are stable coins for bounty hunters.                 

Dude how can you say that BTC, Eth or Trx is stable coin! R u noob in cryptocurrency?

I think the payment for Stable coins benefits Hunter and hurts altcoins developers.

There is no hearting anyone or any project developers. It's possible that they don't have any funds left.

Do you think projects would accept that? Of course bounty hunting is not a priority on crypto space.

I know it's hard for crypto project to accept this.

This forum is currently running a signature campaign for an advertisement for 1Xbit, a company known for accepting bets on sports games. This company pays members of the subscription campaign in USDT stablecoin.

Yeah i know 1xbit is scam site. You should be stay away from scam gambling site.

There are projects out there already paying hunters with stable coins but the rewards are way more less than if it was paid in host's tokens. As most projects do not have funds before token sale hence they are unable to afford stablecoin as a reward to hunters. It will be good if it can happen without reward being reduced drastically though but it's unlikely it will be a norm as most projects doesn't value the contributions of bounty hunters.

I don't think the rewards are less than paying in their native token. The rewards are far better on USDT at any time. To enlighten you very clearly, since 2018 till this moment, there is hardly any bounty campaigns that  hunters and  being sold at native token/coins of the IEO/ICO prices. It is very clear that before hunters are paid prices must have crash or dump and hunter are left with worthless prices of coin/token. I think payment on stable coins are far better than bounty token no matter how small it may be.

Yeah i agree with u. +1

ICO teams have a task to distribute their new tokens and exchange them for stablecoins and top cryptocurrencies. Therefore, it is against their best interest to pay bounty hunters in hardcoins. Only in some special cases will this be possible only as an exception. Therefore, bounty hunters shouldn't expect to be paid in stablecoins.

So tell me why they take stablecoin coin & btc & eth as ico payment?

[sergeybobrov]

I participated in several bounty campaigns with USDT payments, but the bounty pool was much smaller than with tokens.  It would be nice if companies always paid in stablecoins and we didn't work for free.

[trauchot]

Bounty hunters have been dreaming about this for a long time, but unfortunately we will not see bounty companies that pay stable coins for participating in their bounty companies, because the main problem for companies that conduct bounties is the lack of money and therefore companies that conduct bounties pay bounty hunters with their own created cryptocurrencies.