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Author Topic: What I think about bounty payment?  (Read 11128 times)

Offline Istiak

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Re: What I think about bounty payment?
« Reply #105 on: January 19, 2022, 06:40:38 PM »
If currently, you do not have any job to do then bounty can be good for you. There is still some project that can give you a good amount of money because of their uniqueness in the crypto space. I saw some BM bringing valuable project recently that has good partnership news and are backed by big VC and exchange. So bounty is still a good way to earn crypto.
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Re: What I think about bounty payment?
« Reply #105 on: January 19, 2022, 06:40:38 PM »

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Re: What I think about bounty payment?
« Reply #106 on: January 21, 2022, 05:15:37 PM »
This issue has been discussed many times, but few people are willing to pay hunters in a stable currency.  Few people are confident in the excellent and rapid development of their project, so no one wants to risk their own funds.

No, that a team pays with stable currency does not mean that it is from the personal funds of the team members, it means that it is from the money from the sale of the ICO, IDO or whatever. It is true that there are few teams that do something like this, but those teams are the ones that investors and bounty hunters trust the most, and they are usually teams that offer very good products, those that have things clear from the beginning.
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Re: What I think about bounty payment?
« Reply #107 on: February 12, 2022, 11:43:25 AM »
projects owners should be paying bounty Hunter's with etherum, BNB or probably USDT  instead of them scamming us
I really agree that the bounty payment is better in top coins such as BTC, ETH, BNB, USDT. This can avoid the massive drop of their token values in the market. It also can minimize the chance of bounty hunters being scammed by the developers. But unfortunately, most developers don't want to do it because they must spend more money if they must pay bounty participants with top coins.
Top coin rewards sometimes happen, but this happens quite rarely. It is unprofitable for project teams to pay top or stable coins to bounty campaign participants, since it will be their own money, and no one can be sure of the success of a new project. Therefore, it is easier for them to pay with created tokens. If the project fails, then the paid tokens will also be worth nothing.

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Re: What I think about bounty payment?
« Reply #108 on: February 16, 2022, 11:27:09 AM »
Top coin rewards sometimes happen, but this happens quite rarely. It is unprofitable for project teams to pay top or stable coins to bounty campaign participants, since it will be their own money, and no one can be sure of the success of a new project. Therefore, it is easier for them to pay with created tokens. If the project fails, then the paid tokens will also be worth nothing.

No, it is the opposite, when a team pays with stable coins or BTC for example, it is cheaper for them. By paying bounty hunters in this way, the team prevents bounty hunters from doing a massive dump when the coin/token is available on exchanges, thus reducing the value of the project, and it also makes investors much more confident from the start of sales, thereby attracting more potential investors. It's about paying bounty hunters for their work while protecting the project.
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Offline gurunanakji777

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Re: What I think about bounty payment?
« Reply #109 on: February 16, 2022, 11:40:28 AM »
Now every manager add a disclaimer on the thread they are not responsible for the distribution so we can't do anything nowadays some bounty managers are doing escrow projects as well that is quite good for the hunters but if the Bounty managers asked the projects dev to pay in BNB, USDT and Ethereum that would be a better idea whether the rewards are not big but atleast hunters are assured to get some amount instead of getting scammed.

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Re: What I think about bounty payment?
« Reply #110 on: March 31, 2022, 07:55:00 PM »
Now every manager add a disclaimer on the thread they are not responsible for the distribution so we can't do anything nowadays some bounty managers are doing escrow projects as well that is quite good for the hunters but if the Bounty managers asked the projects dev to pay in BNB, USDT and Ethereum that would be a better idea whether the rewards are not big but atleast hunters are assured to get some amount instead of getting scammed.

I think it's good idea if bounty manager should ask escrow on top coins. As you said BNB, BTC, USDT etc.
Because there are many scam projects.
Although reputated bounty manager also being scammed.
It's very annoying.
So escrow is the best way to reduce scam projects and we  as bounty hunter being paid in top coins.
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Offline Noverteno

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Re: What I think about bounty payment?
« Reply #111 on: May 03, 2022, 10:03:00 PM »
Top coin rewards sometimes happen, but this happens quite rarely. It is unprofitable for project teams to pay top or stable coins to bounty campaign participants, since it will be their own money, and no one can be sure of the success of a new project. Therefore, it is easier for them to pay with created tokens. If the project fails, then the paid tokens will also be worth nothing.

No, it is the opposite, when a team pays with stable coins or BTC for example, it is cheaper for them. By paying bounty hunters in this way, the team prevents bounty hunters from doing a massive dump when the coin/token is available on exchanges, thus reducing the value of the project, and it also makes investors much more confident from the start of sales, thereby attracting more potential investors. It's about paying bounty hunters for their work while protecting the project.
Well, there is logic in your arguments. The team of the new project pays off the stablecoins collected during the ICO and eliminates the danger of a mass throw of their tokens after listing on the exchange. It will also be a good indication for investors and bounty campaigners that the project is not fraudulent and the team is confident in the success of their project. We just don't see it happening in practice. It's a pity. I would love to join projects that pay with stablecoins, even if it is half with their tokens.

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Re: What I think about bounty payment?
« Reply #111 on: May 03, 2022, 10:03:00 PM »


Offline gunhell16

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Re: What I think about bounty payment?
« Reply #112 on: May 03, 2022, 11:54:28 PM »
Joining in any of the bounty payment here in the cryptocurrency is very risky, that is why most of the time some of the bounty managers announced via their bounty threads that the distribution of payment was not in their hands, especially if there is no escrows. So the blame in the end is in the hand of the participants who will join in the campaign.
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Re: What I think about bounty payment?
« Reply #113 on: May 04, 2022, 01:20:49 AM »
The answer to all these is escrowing the funds. But not all the managers would demand that feature and definitely not all projects would do that. But then I think its still a feasible thought

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Re: What I think about bounty payment?
« Reply #114 on: May 04, 2022, 08:36:03 AM »
Yes, bounty payments has been a lingering issue since the days of ICOs, and till now, bounty payments remains unchanged. Many us has clamoured for an escrow fund to the bounty managers but not all projects team will ascept escrow options.
I think the only option to hunters is to join bounties that has escrowed fund to mangers if individuals can't participate on campaigns that has no escrowed payments.

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Offline gurunanakji777

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Re: What I think about bounty payment?
« Reply #115 on: May 04, 2022, 10:27:58 AM »
Getting bounty rewards in Eth, BNB, and USDT is a good option so that hunters know that they will get paid at the end of the campaign. On the other hand, Most of the new ICOs coins never launched on the exchange or you can say failed to collect the amount to run the project or some scammed and run away. Apart from this If all bounty Managers do Escrow the amount at the start of the campaign that would also be a good choice.

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Re: What I think about bounty payment?
« Reply #116 on: May 05, 2022, 02:59:18 PM »
some bounty manager applied escrow to several campaign they managed, its give us important protection about distribution atleast no matter how much it worth later. bounty hunter give positive responsw when they know bounty token reward escrowed,

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Re: What I think about bounty payment?
« Reply #117 on: May 06, 2022, 11:31:04 AM »
some bounty manager applied escrow to several campaign they managed, its give us important protection about distribution atleast no matter how much it worth later. bounty hunter give positive responsw when they know bounty token reward escrowed,

In part I agree with you, but what you say supposes another type of added problem. Having a bounty manager escrow to hold the bounty funds is a good idea, but it is no longer a good idea if the project team does an exit scam, the bounty coin/token would be worthless. That is why I have always thought that the best thing a team can do is pay in one of the stablecoins, that is beneficial for all parties, something as simple as that would give everyone peace of mind.
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Offline Astra

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Re: What I think about bounty payment?
« Reply #118 on: May 06, 2022, 03:59:13 PM »
If the team of the new project does not want to pay the participants of bounty campaigns for any reason, it has every opportunity to do so, because this activity is still not regulated in any way. That is, they can promise anything, including payments in BTC, ETH, USDT, and eventually run away with the collected funds without paying. Bounty hunters are constantly taking risks, because there is no way to be sure that we will be paid for our work. The risk increases especially if we are promised payouts a few months after the end of the bounty.

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Re: What I think about bounty payment?
« Reply #119 on: May 07, 2022, 06:03:27 AM »
In the old days when during 2017-2018 a lot of new projects started an ICO and bounty campaigns but that year the participants are not as many as this time. This time a lot of new projects only give a worthless token and many of them end up being scams since many new projects only want investor money. I agree when bounties are not dead but more like it's not that good anymore like the old days.
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