Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Forum related => Topic started by: notfairchild on June 10, 2021, 05:40:26 PM
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My question is regarding to Bounties. How much is 1 stake? is it 1 token or what?
I couldn't find an answer anywhere.
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1 stake is the amount (multiplied by X) of coins/tokens that will be received from a bounty. It is not an exact amount, so you cannot find a concrete answer. To find out how much 1 stake is, you must calculate the number of participants in the bounty, your rank in the forum or followers on social networks and the total amount of coins/tokens that will be distributed in the bounty. However, it is not something that you can easily calculate as there are variables that can change at the end of the bounty.
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Thanks for explaining. I was thinking about joining bounties but wasn't sure about how much is 1 stake. Usually how much 1 stake equals t o about, I have 500+ followers on social media but I'm still a noob here.
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I can't tell you exactly how much 1 stake of each bounty is, as I told you it depends on many variables, the amount of coins/tokens to distribute, the number of users, the duration of the campaign, the number of users who leave the campaign before it ends... If you have few followers on your social networks, try to increase them, and also try to improve your rank here in the forum, so that you can participate in the signature campaigns.
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Alright mate, I will join one and see how it goes ;D Thanks.
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Let's put it into numbers and assume the following as true:
Twitter (500 followers): 10 stakes per week
Total no. of weeks: 15
Your total stakes (Twitter): 150
Total no. of stakes (from all participants): 7000
Total allocation for Twitter campaign: 20000 token X
$ value per token at the time of distribution: $0.1
$ Value of 1 stake = $0.29 (rounded)
$ Value of your total tokens = $42.86 (rounded)
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Let's put it into numbers and assume the following as true:
Twitter (500 followers): 10 stakes per week
Total no. of weeks: 15
Your total stakes (Twitter): 150
Total no. of stakes (from all participants): 7000
Total allocation for Twitter campaign: 20000 token X
$ value per token at the time of distribution: $0.1
$ Value of 1 stake = $0.29 (rounded)
$ Value of your total tokens = $42.86 (rounded)
Thanks ;D I got it now.
Number of tokens in the pool divided by the number of stakes in total, so it varies.
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Stake is not a coin or it is not related to a specific coin. It is one kind of multiplier or X on which a bounty hunter's payment is determined. Firstly a bounty campaign segregates its total budget into different campaign. Then the allocation for every campaign is distributed among bounty hunters on the basis of stake. For example, a facebook campaign gives 4 stakes for legendary members, 3 stakes for hero members and 2 stakes for Sr. members. It shows that a legendary member will be paid double in comparison to a Sr. member. Here the budget is divided by total stakes and then the result is multiplied with the achieved stake. Suppose total budget is $200. Total stakes is counted 400. So $200/400=$0.05 is for every stake. If a hunter gets 40 stakes, he/she will be paid 40x0.05=$20. If budget is increased, the payment for every stake will also increase.
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My question is regarding to Bounties. How much is 1 stake? is it 1 token or what?
I couldn't find an answer anywhere.
It's not fixed although. It's just an amount, it is decided by the manager of the bounty. He thought about good better or best position, then he put the value for calculating. So it is not fixed any value, its variable.
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It's not fixed although. It's just an amount, it is decided by the manager of the bounty. He thought about good better or best position, then he put the value for calculating. So it is not fixed any value, its variable.
That's right bro, it can also be seen from the amount of token supply or the number of participants who take part in the project, the more people who follow, the smaller the total stake we get, and vice versa
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Bounties are awarded to determine the stake of the user. In the bonus, these stakes are given on the basis of the followers on the social media of the user. Whe Articles are given in the campaign with respect to the quality of the article. The wagering received by the user is then helpful in determining the amount of his payment.