Altcoins Talks - Cryptocurrency Forum
Archive => Sorting Box => Topic started by: husanchaika on July 17, 2018, 11:45:02 AM
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I found out that some of bounty campaigns use BBB and pay bounty hunters in btc or ehh if they wish. Why not all campaigns do this?
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Because many ICOs were created just to scam people. But to receive tokens from an ICO is better than receiving nothing after the campaign.
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Well most of ICO project dont have much money for advertising and creating a hype from their position on seeding phase. some of them focus in high-spending platform to supporting their project. but sure BBB is a convenient way for us bounty hunter. but pay using an existing coin, i think crypto has passed that phase 1-2 years ago
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Well most of ICO project dont have much money for advertising and creating a hype from their position on seeding phase. some of them focus in high-spending platform to supporting their project. but sure BBB is a convenient way for us bounty hunter. but pay using an existing coin, i think crypto has passed that phase 1-2 years ago
Most bounty hunters don't hold crypto tokens for years, they sell immediately after they got them and can exchange it. I think it's better for both team and hunters. Because price won't be dumped after ico, that's vital for many projects making it look better and strong.
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Well most of ICO project dont have much money for advertising and creating a hype from their position on seeding phase. some of them focus in high-spending platform to supporting their project. but sure BBB is a convenient way for us bounty hunter. but pay using an existing coin, i think crypto has passed that phase 1-2 years ago
Most bounty hunters don't hold crypto tokens for years, they sell immediately after they got them and can exchange it. I think it's better for both team and hunters. Because price won't be dumped after ico, that's vital for many projects making it look better and strong.
Thats a fair point, but if the token never really goes anywhere, or is like stated above, a scam.. then the bounty payers don't lose any revenue.. they just give you a coin that's worth nothing and you'll never be able to exchange it. I've seen some BTC and ETH bounties on the other forum, and likely this will have a couple of elite ones that high ranks can join likely in the future.. but spaces will likely be very limited and demand will be very high. I still like the gamble of finding something insanely valuable though, and the static btc/eth rewards although constantly profitable, may not be as fun for gambling souls :)
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I think that Bounties Buy Back cocnept is very interesting. Probably it will reduce the worriness of the bounty hunters after the token distibution. It will reduce them to sell away in very low price that will make the price low enough.
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I think that Bounties Buy Back cocnept is very interesting. Probably it will reduce the worriness of the bounty hunters after the token distibution. It will reduce them to sell away in very low price that will make the price low enough.
If the team buy back the coins then they wouldn't blame the bounty hunters for dumping their tokens upon listing their coins in the exchanges. However, some ICOs would just spend the coins they collected in listing in exchanges because its getting pretty expensive nowadays. I think they would be able to have BBB then if the listing fee is not ridiculously high nowadays.
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Because every ICO has different tactics to make their projects survive and succeed. I am sure that some ICOs are using this Bounty Buy Back system. However, they may have considerations why they don't. Precisely, it can help them to manage their coins after distribution.
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They are doing this because the team is very serious to their project, this is added in order to avoid the dump of price because majority of bounty hunters don't care the value.
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Well most of ICO project dont have much money for advertising and creating a hype from their position on seeding phase. some of them focus in high-spending platform to supporting their project. but sure BBB is a convenient way for us bounty hunter. but pay using an existing coin, i think crypto has passed that phase 1-2 years ago
The team consider their bounty hunter as investors as they are more knowledgeable in crypto than those weak hand investors whose after only for quick profits. The bounty hunters knows what kind of project they are promoting and not all bounty hunters will dumps their token in the early stage of listing in exchanges. Experienced bounty hunters will hold 6-12 months to wait for the best price.
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They don't pay in BTC or ETH because they are usually low on funds in the first place, so instead you get sort of a percentage of their company shares. It's similar to being paid with stocks instead of money. One isn't necessarily better than the other generally speaking, but being paid with tokens has the chances of paying off way more money in the long run. Sure, some ICOs will fail and your tokens will be worthless, but all it takes is one and suddenly you made ten times or even a hundred times what you did initially. I'd rather have the chance of a big payoff than making a steady paycheck. I'd just get a regular job if that's what I was aiming for here.
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i dont think is good to buy back token. most ico dont used this kind of scheme.
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I'm hoping that someday this will be the style of distributing the reward for the bounty hunters. This give both a win-win situation because bounty hunters will receive the exact amount and at the same time this is in favor for the ICO team because no one can dump the token in the msrket.
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yes! Bounties Buy back token is good to bounty participant because they can have the exact amount for the promise reward.
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This will not happen that all will use such kind of practice because every every ico has different way on their project.
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Many projects are truly interesting and unique. Creators do not always have enough funds for such investments.
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I strongly agree with @ anrian062's answer because some new ICO projects don't have enough money to make advertisements. They focus on the platform for their own projects.
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They won't use BBB. That's why they raise funds from selling their tokens to scam or to fund their bounty they created. As mention in here they are low in terms of funds.