Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: admin on July 19, 2018, 03:31:57 PM
-
I want to talk about a subject seldom addressed, it is the token dump that follow the airdrops and bounties.
Most ICOs and projects are not aware of this, but seasoned bounty managers and bounty hunters know this very well.
The ICO price will get hammered once the airdrop & bounty are distributed.
Of course how much will depend on several factors:
- Quantity of tokens given to bounty hunters and through airdrops
- Demand price and capacity.
But it is not surprising that the people that got the token for "free" sell them for as low as 1/10th the ICO price.
token dump is the unwanted consequence of airdrops & bounties
-
yeah its unfortunately something I know all to well about as well.. it becomes doubly bad when they unlock the bounty tokens and seed/presale investor tokens at the same time and everything unlocked. Most ICO investors nowadays only have "when binance" on the brain and will dump at a loss within 10 days if the project doesn't move out of the IDEX graveyard.. pair that with a bear market and the dumping of free tokens and weak hands, its a recipe for disaster. Its really sad but its just the current state of the market right now, and its worse than its ever been in this way.
-
The lack of patient and self knowledge regarding the potential of tokens can result to massive dump and it damage the holding system of pros because they need to adjust as long as they can.
-
However a lot of those ppl are making a living and are living in extreme poverty spending less than a dollar a day I do not blame them still the impact on the price after the ico may be significant and only depends on the strength of the token
-
I want to talk about a subject seldom addressed, it is the token dump that follow the airdrops and bounties.
Most ICOs and projects are not aware of this, but seasoned bounty managers and bounty hunters know this very well.
The ICO price will get hammered once the airdrop & bounty are distributed.
Of course how much will depend on several factors:
- Quantity of tokens given to bounty hunters and through airdrops
- Demand price and capacity.
But it is not surprising that the people that got the token for "free" sell them for as low as 1/10th the ICO price.
token dump is the unwanted consequence of airdrops & bounties
I think all this dumpers are children and not experienced airdrop or bounty hunters. There is away to avoid dump. Atlant ICO will distribute tokens to bounty hunters in period of 18 months at monthly basis. Atlant price was going down like any other cryptocurrency in the last 6 months but there was no huge dump. Only in first month there was significant dump in the distribution day and the price goes down 30% but after that every next month was better. Finally now every month after distribution in the first week price goes down 10% and recovers after this.
This airdrops and bounties are paid to normal people which mostly have no experience in trading FIAT not mention crypto. A lot of them start this journey from airdrops. That is why they dump. If there is significant amount to get they sell because this is enough for them. If price is low they sell because they are afraid that tomorrow will be even lower so better to have something as nothing anyways they got it for free. No experience, that's the problem.
Another problem is with scams. From 10 airdrops 5 is scam and you have to sell fast to get something at all.
-
I think all this dumpers are children and not experienced airdrop or bounty hunters. There is away to avoid dump. Atlant ICO will distribute tokens to bounty hunters in period of 18 months at monthly basis. Atlant price was going down like any other cryptocurrency in the last 6 months but there was no huge dump. Only in first month there was significant dump in the distribution day and the price goes down 30% but after that every next month was better. Finally now every month after distribution in the first week price goes down 10% and recovers after this.
This is the way to avoid these dumps. I agree that bounty hunters payments should occur only some months after launching the project.
All bounty campaigns I participated and that acted this way (holding bounties for some months) resulted in good earnings for both, investors and hunters.
-
REASON FOR DUMP
Airdrops: There are 2 types
1: limited Ref: low dump
2: no restriction Ref: high dump
(many twitter telegram sites ... there are thousands of members, imagine)
Bounties: I often see campaign bonuses, translations and signatures rewarding a lot of tokens: 25% -30% -40% of the shares / total bonus.
- Many ICO signatures require too strict. To post on 10-15, each post 150 words ... so many bounty hunters did not reach the target: leading to shares will distribute a lot for a few people reached the target: ---> high dump
- Translation: 1 language ANN - bounties - white paper (only for one translator): high dump
Should break the ANN-bounties - white paper (for many members in that language)
The distribution rate for the entire bonus is 2-5% very low. but when they sell, also make the wave dump.
-
I think all this dumpers are children and not experienced airdrop or bounty hunters. There is away to avoid dump. Atlant ICO will distribute tokens to bounty hunters in period of 18 months at monthly basis. Atlant price was going down like any other cryptocurrency in the last 6 months but there was no huge dump. Only in first month there was significant dump in the distribution day and the price goes down 30% but after that every next month was better. Finally now every month after distribution in the first week price goes down 10% and recovers after this.
This is the way to avoid these dumps. I agree that bounty hunters payments should occur only some months after launching the project.
All bounty campaigns I participated and that acted this way (holding bounties for some months) resulted in good earnings for both, investors and hunters.
It sounds like a good idea, I just hate that we have to wait so long to get something, it makes me really pessimistic about receiving it but I guess if its a win-win and they actually pay out, it makes a lot of sense.
-
Yeah, I think that's the best generalized solution you could come up with. I would rather be able to sell the tokens right away just to buy more after the price tanks, but I'd prefer a more consistent investment overall if that were possible.
-
I think all this dumpers are children and not experienced airdrop or bounty hunters. There is away to avoid dump. Atlant ICO will distribute tokens to bounty hunters in period of 18 months at monthly basis. Atlant price was going down like any other cryptocurrency in the last 6 months but there was no huge dump. Only in first month there was significant dump in the distribution day and the price goes down 30% but after that every next month was better. Finally now every month after distribution in the first week price goes down 10% and recovers after this.
This is the way to avoid these dumps. I agree that bounty hunters payments should occur only some months after launching the project.
All bounty campaigns I participated and that acted this way (holding bounties for some months) resulted in good earnings for both, investors and hunters.
It sounds like a good idea, I just hate that we have to wait so long to get something, it makes me really pessimistic about receiving it but I guess if its a win-win and they actually pay out, it makes a lot of sense.
Exactly, there was a lot of angry members when Atlant introduced distribution schedule. I have to add that nobody choose such a form of distribution before Atlant. This bounty was huge and finally there was more tokens for bounty hunters as for investors. If they will distribute this tokens in the same time in one day the price will never recover from this dump, I think.
Now after few months passed and Atlant pays to bounty hunters with no delays. There is a lot of positive reactions from community and bounty hunters. Price crashed but in comparison to other tokens not so much or equally. From a week or two I see that Atlant price starts to recover and there was no big dump after first distribution.
-
I think all this dumpers are children and not experienced airdrop or bounty hunters. There is away to avoid dump. Atlant ICO will distribute tokens to bounty hunters in period of 18 months at monthly basis. Atlant price was going down like any other cryptocurrency in the last 6 months but there was no huge dump. Only in first month there was significant dump in the distribution day and the price goes down 30% but after that every next month was better. Finally now every month after distribution in the first week price goes down 10% and recovers after this.
This is the way to avoid these dumps. I agree that bounty hunters payments should occur only some months after launching the project.
All bounty campaigns I participated and that acted this way (holding bounties for some months) resulted in good earnings for both, investors and hunters.
It sounds like a good idea, I just hate that we have to wait so long to get something, it makes me really pessimistic about receiving it but I guess if its a win-win and they actually pay out, it makes a lot of sense.
Exactly, there was a lot of angry members when Atlant introduced distribution schedule. I have to add that nobody choose such a form of distribution before Atlant. This bounty was huge and finally there was more tokens for bounty hunters as for investors. If they will distribute this tokens in the same time in one day the price will never recover from this dump, I think.
Now after few months passed and Atlant pays to bounty hunters with no delays. There is a lot of positive reactions from community and bounty hunters. Price crashed but in comparison to other tokens not so much or equally. From a week or two I see that Atlant price starts to recover and there was no big dump after first distribution.
Yeah it makes a lot of sense.. is there a way to see that in 6 months for example on etherscan that you will have tokens deployed somehow displayed in your wallet as incoming smart contract unlock? I;m not an expert in this area but if I could see that the tokens are locked to arrive and on what certain date, I'd feel a lot better about the process.
-
An interesting topic often forgotten in most ICO (or they just don't care for the post-ICO)
We have been working on ideas to protect our future token holders, especially against dumps.
Our main solutions were:
- Limiting the initial number of Tokens an account can hold will avoid major post-ICO dump.
- Limiting large purchase to counter market manipulation from big traders.
- Maintaining a steady demand by burning Tokens used for our service.
- A limited bounty program favoring quality over quantity.
- A fair airdrop allowing anyone to use our service.
(https://www.will-testament.io/assets/images/TokenSupply.png)
I'll be happy to hear your feedback on those solutions so we can better protect our future token holders from foreseeable risks
All the best,
William.
-
I think the expectation of bounty dump also lowering the price.
People think when bounties distributing, the price will get a dump and they are also selling their tokens and price crashing of course.
-
Particularly I think that both the BOUNTY and AIRDROPS in no case help the situation of any ICO beyond the commercial, because in the beginning, the ICO made this kind of things to massify their consumption, nowadays, it has become in a parallel business for many, so much so, that there are people who intend to really make money with this.
I know I can be touching particular interests when I say it, but a new commercial and marketing methodology is necessary for the ICO, these forms not only affect the value, they affect the investor interested in a business proposal, because it puts them to play in against the mass that has received the token for free.
While it is true that individuals can be intelligent, we must recognize that the mass is dumb. and for that reason they are overcome by the fear of the descent and they sell in group producing irretrievable losses, even with the partial deliveries to work in recoveries of 30 days, it is a major and unnecessary effort.
On the other hand, the legislation on SECURITIES is running to regulate any type of currencies that rely on Bountys for their growth, leaving investors in losses and ghost products in cemeteries of ideas because the marketing strategy will break them, or they will be overwhelmed by growth.
In summary, there is no real benefit in the BOUNTY except for those who participate and leave first, the same with the AIRDROPS, so it is a commercial practice, destined to die, what you have to try is not to disappear with it, and devise new marketing techniques.
-
However a lot of those ppl are making a living and are living in extreme poverty spending less than a dollar a day I do not blame them still the impact on the price after the ico may be significant and only depends on the strength of the token
Yeah. What I'm thinking, why not pay the bounty and airdrop hunters ethereum if the team want to avoid the dump that cause by this group?
-
Particularly I think that both the BOUNTY and AIRDROPS in no case help the situation of any ICO beyond the commercial, because in the beginning, the ICO made this kind of things to massify their consumption, nowadays, it has become in a parallel business for many, so much so, that there are people who intend to really make money with this.
I know I can be touching particular interests when I say it, but a new commercial and marketing methodology is necessary for the ICO, these forms not only affect the value, they affect the investor interested in a business proposal, because it puts them to play in against the mass that has received the token for free.
While it is true that individuals can be intelligent, we must recognize that the mass is dumb. and for that reason they are overcome by the fear of the descent and they sell in group producing irretrievable losses, even with the partial deliveries to work in recoveries of 30 days, it is a major and unnecessary effort.
On the other hand, the legislation on SECURITIES is running to regulate any type of currencies that rely on Bountys for their growth, leaving investors in losses and ghost products in cemeteries of ideas because the marketing strategy will break them, or they will be overwhelmed by growth.
In summary, there is no real benefit in the BOUNTY except for those who participate and leave first, the same with the AIRDROPS, so it is a commercial practice, destined to die, what you have to try is not to disappear with it, and devise new marketing techniques.
I fully agree with what you said. Bounties and airdrops have become a business for many people who have no interest in the blockchain technology itself and only want to earn some free money.
And now the thing is very big and started to be harmful to the projects.
Bounty campaigns have kind of lost their purpose.
-
When I received my first airdrop, I did not sell it right away because I believe the idea of holding and reach the moon soon. However, after it was listed in exchange and CMC the price got hammered as a result I sold that token at a very lower price instead of higher price. So, after that I realized I should keep the % sell and hodl but the market crash and I don't see any reason of selling also.
-
I already answered this in your other thread about bounties because airdrops are a similar story especially lately where we have bounties for doing nothing.
Of course this tokens will be dumped and influence the price in a bad way. Even worse a lot of this tokens will go to hackers in high amounts and together with good referral, bounty tactics they can have a significant amount of tokens and very big impact on the price. They can even manipulate the price for a long time to finally produce a huge bubble and fake demand of FOMO investors to dump on them.
Lately there are fully automated services where you have to click a few buttons to be registered in multiple airdrops, This is not a proper way of ICO advertising for sure is not effective and can be harmful or dangerous.
-
Most ICOs and projects are not aware of this, but seasoned bounty managers and bounty hunters know this very well.
The ICO price will get hammered once the airdrop & bounty are distributed.
I think ICOs are very much aware of this but they do not really mind since they only share a small percentage of their tokens. What is more important to them is that they can spread the word at the very least cost possible .
-
However a lot of those ppl are making a living and are living in extreme poverty spending less than a dollar a day I do not blame them still the impact on the price after the ico may be significant and only depends on the strength of the token
Yeah. What I'm thinking, why not pay the bounty and airdrop hunters ethereum if the team want to avoid the dump that cause by this group?
Because many and many crypto teams only look for their profit and marketing, didn't even care to see a future on their token.
-
Many Bounty and airdrop hunters still hold their tokens, I hold good tokens when I get them, just dump the ones I don't believe in, but I don't think this has much effect on Token price because even projects that didn't conduct bounties are tanking in this market.
-
Most dumps are done by investors in most cases and it's being help on bounty hunters. The project owners knows this very well, even amount allocated to bounty and airdrop are small price still dump why? Because the whales or teams sell of its token and tanking price.
They make hunters look bad even though some or many hunters sell off tokens out of frustration some still wanted to see the price go up. The project intentionally list token below price this days
-
Would like to know, if the bounty and airdrop hunters are the major factors of dumps, is the quantity obtained from the bounty/airdrop very much, that it will be able to drop the price of the token? I do have this thinking that those who bought during private sales and pre-ico stages are responsible for the deep, because they'll like to get back their capital.
Please if am wrong I will gladly accept my corrections. Thanks.
-
Would like to know, if the bounty and airdrop hunters are the major factors of dumps, is the quantity obtained from the bounty/airdrop very much, that it will be able to drop the price of the token? I do have this thinking that those who bought during private sales and pre-ico stages are responsible for the deep, because they'll like to get back their capital.
Please if am wrong I will gladly accept my corrections. Thanks.
It is hard to imagine that only 1% of token holders can do such dump.But also just few hunderds of them can also make 500% pump in 2-3 hours.
Everything is possibile in cryptoworld,unfortunately.
-
every project need to go to the market for an investor to have a little faith in what he/she invested on. no matter how they dump. every good project allways win back.
-
Most times its not really the bounty hunters or the airdrop participants that's dumps the coins, at times the investors too mostly dumps after the coin lunches on exchanges so as to take profit and buy back later... If a project has a real and we'll defined usecase it'll still pump even if it might have dump hard.
-
Sometimes the dump of tokens does not boil down to airdrop and bounty alone.
I have seen cases where bounty hunters were not paid or have not been paid, yet their tokens dumped on exchange.
That then made me to begin to wonder what other causes could have resulted into this?
-
Projects can solve this situation by releasing bounty tokens a little bit later. But we should also think that bounties help them hit hardcap so they should actually honor bounty members (but they should be careful that no one is multiplying accounts/articles etc.) If every bounty application is fair and true, then these bounty articles-videos-signatures must have helped the project grow a community.
-
depending on the quality of the product to be launched for tokens distributed to the bounty program the decline only occurs for a moment, but when the project runs smoothly the price of the token will bounce back
-
Projects can solve this situation by releasing bounty tokens a little bit later. But we should also think that bounties help them hit hardcap so they should actually honor bounty members (but they should be careful that no one is multiplying accounts/articles etc.) If every bounty application is fair and true, then these bounty articles-videos-signatures must have helped the project grow a community.
-
I want to talk about a subject seldom addressed, it is the token dump that follow the airdrops and bounties.
Most ICOs and projects are not aware of this, but seasoned bounty managers and bounty hunters know this very well.
The ICO price will get hammered once the airdrop & bounty are distributed.
Of course how much will depend on several factors:
- Quantity of tokens given to bounty hunters and through airdrops
- Demand price and capacity.
But it is not surprising that the people that got the token for "free" sell them for as low as 1/10th the ICO price.
token dump is the unwanted consequence of airdrops & bounties
This is partly true though. Reason been that i have also seen situation when token price dumped as soon as investors got their tokens from distribution, while bounty/airdrop shares were yet to be distributed. Generally, i feel it all depends on the project team itself. How strong is their marketing as well as usability of their asset.
-
You have to factor in early dumping into your tokenomics. AIRDOPs do have strategic value if designed well. Its really hard to get critical mass as a new project unless you are well funded.
-
I want to talk about a subject seldom addressed, it is the token dump that follow the airdrops and bounties.
Most ICOs and projects are not aware of this, but seasoned bounty managers and bounty hunters know this very well.
The ICO price will get hammered once the airdrop & bounty are distributed.
Of course how much will depend on several factors:
- Quantity of tokens given to bounty hunters and through airdrops
- Demand price and capacity.
But it is not surprising that the people that got the token for "free" sell them for as low as 1/10th the ICO price.
token dump is the unwanted consequence of airdrops & bounties
Airdrops and Bounties paid so much before 2019 but now every one participating in the Airdrops and Bounties getting Peanuts, to Gain at least some money before they converted into Dust everyone selling as it causing a chain reaction panic will start and more Holders are Dumping, It is impacting very badly on the project itself, but before 2019 everyone getting a good amount of tokens some preferred to Hold tokens some preferred to sell.
-
The problem is not just bounty hunters, I think bounty managers should warn project teams of what could happen.
There are various mechanisms to solve this problem:
1/ Distribute the tokens/coins in several phases (with the consequent anger of the bounty hunters and their FUD).
2/ Pay the reward in popular tokens/coins (BTC, ETH...).
3/ Do a buyback program with some incentives.
I'm sure there are more ways to avoid a dump and thus avoid problems, as soon as I can I will expand this post.
-
All I want to say to people ( Airdrop hunters ) selling coins for few dollars won't change your life, but holding them for long, definitely can make an impact in your life.
-
honestly i do not think that proportionally the airdropped tokens/coins have as much impact as the seed round tokens dev tokens and all the rest but all the blame is directed on the airdrop and people that instead holding "this great coin" (shit) the are selling it