Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Domithra on October 03, 2018, 02:31:34 AM
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Yeah it is very possible to use cash for paying bounty hunters but the question is, what then becomes of the tokens? Where lies its worth if not used as a medium of payment. The tokens are used in order to give it value on the market.
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I am not too sure if tokens become payment instruments, at least for now, because all are still focused on developing and looking for investors.
but for the next few years there will definitely be a token period that will become a payment instrument, and maximizing its function is the best way at that time.
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Giving tokens away rather than cash basically means that there is zero initial cost to the projects. If they paid in cash, they would need to use a portion of raised funds, which would then cut into funds available for other elements. It would suit some bounty hunters to get paid in cash, but I think the majority are satisfied with tokens as they have the potential to be worth more in the long run. I know some that sell them the instant they get them for market price, no matter what that may be, but plenty more hold on to them.
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Yeah it is very possible to use cash for paying bounty hunters but the question is, what then becomes of the tokens? Where lies its worth if not used as a medium of payment. The tokens are used in order to give it value on the market.
Hello agree to some point. But the other way around can also work for the project to pay cash or major coins such as eth or btc. Take a look on metahash campaign. Their strategy is quite amazing, they paying hunters eth rather than the tokens. So meaning there will be no dumpers that can dump this. They are betting the market can support this as many investors are invested plus great image people such as Balina support them. The fact that eth payment is working to give liquidity on the tokens as it enter the market. But that depends on the project.
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I don't know why the Bounty does not pay its members with cash. Make payments with tokens. Maybe their goal is that the members they pay can trade through the tokens they give well without having to exchange them from cash to tokens. Maybe that's the real goal.
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Bounty hunters are paid in tokens for 2 purposes in one action.
1. The project pays the rights of participants
2. The project can spread out the tokens to the community, including bounty hunters
Moreover, as you said above, bounty hunters enable to get more profits when the rates of the tokens rising. The token values have the potential to multiply.
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Bounty hunters are paid in tokens for 2 purposes in one action.
1. The project pays the rights of participants
2. The project can spread out the tokens to the community, including bounty hunters
Moreover, as you said above, bounty hunters enable to get more profits when the rates of the tokens rising. The token values have the potential to multiply.
I agree with you. I think if you're wiser enough you should pick tokens as reward as it has chance to mature rather than the major coins such as btc and eth overtime. Bounty hunters should be more clever when it comes to reward since the market is unstable. If the tokens are a bit appreciated they can sell it then wait for the bottom sink price then buyback. They can leverage earning plus the volume of their tokens increasing at the same time.
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The purpose of ICO is to raise the fund's for heir project for the development or improvement basically the project is not funded yet that is the reason that bounty hunter is paid by tokens
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So that users or prize hunters no longer exchange their money in the form of Tokens again if they want to trade. So maybe the manager of Bounty is that. If we scrutinize again, that when given a token, of course we will sell the token at a market price. If you want to sell the token and choose to wait for the token until the price is high, it can happen. But for money you can't. So that's the reason I think personally.