Attention: AllForMiner Bounty Campaign has been extended!!
Bounty will end on 31.07.2018
Will they pay more to us for this extended period or awards stays the same, only we have to work longer for the same payout? Is there any reason provided?
I would like to know the answers.
It will be the same amount of tokens allocated in original bounty pool: 1.8% up to 180000 MIT Tokens
Lately this is common that ICO's are extended because of bad market conditions and investors sentiment. There is just not enough funds gathered and almost all ongoing ICO's are struggling. But still I think something should be added if you work more or longer.
Anyways, we all agreed to Terms and Conditions before joining and there is said that they can change the rules at any time.
I would have to say, this is the danger of participating in Alt Coin bounty. You are not protected by anything. In fact, there is a soft cap that needed to be raised before the ico will pay out to the bounty. What happens in the case when soft cap is not reached, the ico may choose to cancel the whole project as they dont have any sufficient funds to carry out the projects and refund all investors. In return, the bounty hunters will left with nothing even though you put in effort to help it promote. On the other possible route, the ico will extend the timeline and this will give them more chance to create more exposure and have more partnership coming in. On the other side, bounty hunters will still have the same amount of allocation for bounties, usually in term of percentage. If the team raise more, the payout will generally be more.
So, if you are ok with doing bounties for ico, this is the risk that you have to take. Otherwise, do those are that already in post ico phrase or non-ico promotion but the payout will be a fraction of what you get. Higher risk come with higher rewards.