Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Stable Coins Forum => Topic started by: highnayem34 on July 11, 2020, 09:31:54 AM
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I know this have been discussed several times on this forum but yet I will like to drop this again, I'm sure few new developers are among us here, so here we go
It will be a whole new story if new projects can start paying bounty hunters in USD or stablecoin, this have few advantages over paying with your own tokens, if new projects find it as a most for people to try out their new Blockchain they should use airdrops instead, airdrops has the lowest rewards, hardly to get 2$ in airdrops today.
As for bounties please start paying in USDT, DAI or USDC, this will erase your sense of 'bounty hunters are killing new projects' idea.
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Paying bounty hunters with Stable Coins is lik paying them with real fiat, which i guess it will never happen no matter how strong & trustworthy the project is.
Some bounties make 100k & even more for their bounties & you don't expect to spend that money from their pocket lol, that's why they always tend to pay with their native token instead since it's generated for FREE.
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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.
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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.
Ludena protocol is doing the same kind of thing but too low rewards for hunters.
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of course, everyone wants to get paid with a coin that stable coin as if to make a payment to bounty hunter price will not be too fall if there is bounty manager who apply the payment to coinstable, of course, I would give very good ratings to them because it is very helpful to the bountyhunters.
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I know a few projects that pay bounty hunters with stable coins like USDT or PAX, but that doesn't mean it's the best solution for other projects & projects that need to do the same. Some projects don't have money available to do that & organizing bounty paid by tokens also increases the number of token holders :)
Also if too many projects are paid with stable coins, many members will find ways to abuse the forum to achieve high rankings in a short time.
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I guess stable coin like USDT is good for any goals. It can be used for paying salary :)
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I see many bounty campaigns paying hunters with both project token and stable coin or BTC/ETH. That helps motivate participants :)
However, the most important thing is whether the project is real or not, if the campaign is just a scam, then the bounty campaign is also a scam and the participants will not receive anything @@
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I guess stable coin like USDT is good for any goals. It can be used for paying salary :)
Hmm. So if our boss pay us usdt. It will be easy to withdrawal.
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I see many bounty campaigns paying hunters with both project token and stable coin or BTC/ETH. That helps motivate participants :)
However, the most important thing is whether the project is real or not, if the campaign is just a scam, then the bounty campaign is also a scam and the participants will not receive anything @@
You are right kryptobull. Ludena protocol bounty campaign is paying with ethereum. This is good bounty program.
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USD is the best coin to safe your money and we can easily buy the coins and also sell the coins in high price. Easily withdraw the USD from wallet to another.
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USD is the best coin to safe your money and we can easily buy the coins and also sell the coins in high price. Easily withdraw the USD from wallet to another.
Hmm. Obviously it is easy to withdrawal. That is good idea to pay bounty hunters with usd coin.
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USD is the best coin to safe your money and we can easily buy the coins and also sell the coins in high price. Easily withdraw the USD from wallet to another.
Hmm. Obviously it is easy to withdrawal. That is good idea to pay bounty hunters with usd coin.
Also, USDT can be exchanged on every exchange ;D ;D
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I agree that if a bounty hunter is paid for with stable coins, it will definitely make hunters who work properly paid rather than being paid with their coins which are likely to be worthless.
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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.
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I agree that if a bounty hunter is paid for with stable coins, it will definitely make hunters who work properly paid rather than being paid with their coins which are likely to be worthless.
You know, most of the companies cannot do it at the beginning so they pay with their coins
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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.
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That would be nice from a bounty hunter's point of view. However, paying bounty hunters in stablecoin is completely disadvantageous to ICO project teams. 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.
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If anyone wants to popular or stable their coin in the market the first step is the payment procedure. People work hard and complete all the requirement step for their payment if the authorities get full fill their project work and they don’t send their payment then the crypto treaders nothing to do against coin authority. For this reason that coin reputation goes slowly decline stage in the crypto market. 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.
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USD is the best coin to safe your money and we can easily buy the coins and also sell the coins in high price. Easily withdraw the USD from wallet to another.
Hmm. Obviously it is easy to withdrawal. That is good idea to pay bounty hunters with usd coin.
USD as a method of payment to bounty hunters is kinda cool.
The USD payment will eliminate dump and pump of token value.
But I think the disadvantage hereis that hunters does not have an opportunity to earn higher than once the particular token pump.
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I think that paying Hunter with stable coins is likely to have very little reward.
Because to support the altcoins that are created, it is the community itself, aka Hunter who has the token.
Sometimes Hunters also like HodL token bounties and that is something that is a long way from the Bounty Hunter trick, I think the payment for Stable coins benefits Hunter and hurts altcoins developers.
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I agree that if a bounty hunter is paid for with stable coins, it will definitely make hunters who work properly paid rather than being paid with their coins which are likely to be worthless.
Do you think projects would accept that? Of course bounty hunting is not a priority on crypto space. Yes there are many participants in bounty but take some time to think whether the projects would give any consideration on this. Maybe some but majority would not give a damn about it. Its not like crypto industry woudl fall without bounty hunters.
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This forum is currently running a signature campaign for an advertisement for 1Xbit, a company known for accepting bets on sports games. She does not conduct her ICO and does not issue her tokens. This company pays members of the subscription campaign in USDT stablecoin. True, only about two dozen people of the highest ranks participate in it. In such cases, and will pay bounty hunters in stablecoins. In other cases, it is not profitable for ICO teams.
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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.
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I thinks that paying hunter to with stable coin is likely to have little rewor. the most important thing is whether the project is real or not, if the campaign is just a scam, then the bounty campaign is also a scam
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I got several campaigns with stable coins paying. USDT only the payment method.
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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.
Of course, it would be very beneficial for bounty hunters if their services were paid for in stablecoins. However, during the ICO period, their team tries to sell their new tokens for stablecoins. That is, paying bounty hunters in stablecoins would be contrary to the interests of the ICO team. It is unlikely that they will ever take such a step.
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The tether currency is one of the best way to enter the world of cryptocurrencies, but because it is a stable currency it is as if you paid with dollars but with the advantage of the blockchain.
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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.
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Bounty hunters should be paid with stable coins because stable coins do not destroy the price of the tokens that are being marketed.
If the hunter bounty is paid in tokens, then when the token distribution can destroy the token price because 90% of the bounty hunters sell it for nothing.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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).
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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.
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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!
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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.
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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.
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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?
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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.
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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.
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An interesting solution and I fully support it, but the problem is that when you see a large pool of rewards, there will be many participants and we will receive a very small payout! I think the bounty is great in its current form and give a good income for those who choose what to participate in!
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I know a couple of activities that pay abundance trackers with stable coins like USDT or PAX, yet that doesn't mean it's the best answer for different tasks and ventures that need to do likewise. A few undertakings don't have cash accessible to do that and sorting out abundance paid by tokens additionally expands the quantity of token holders :)
Additionally if such a large number of tasks are paid with stable coins, numerous individuals will discover approaches to manhandle the gathering to accomplish high rankings in a brief timeframe.
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Topic locked as we got so many conversions. It's looking spamming over & over again same advice. Thanks all.
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It looks like too spamming.
Topic locked as we got so many conversions. It's looking spamming over & over again same advice. Thanks all.
Thanks for understand. Now this topic has been locked.