Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: masterrex on November 10, 2018, 11:19:56 AM
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What happen to many bounty campaigns nowadays? They are setting the "new norms" in paying bounty payments! "100th days after the ICO" or "even quarterly basis " their reason is to avoid dumping and stabilize the coin/token price, and after 100th days pass, another alibis and reasoning again others was blaming to "NETWORK CONGESTION" on erc20 tokens. Is this acceptable to everyone? I need your strong but definitive opinion.
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What happen to many bounty campaigns nowadays? They are setting the "new norms" in paying bounty payments! "100th days after the ICO" or "even quarterly basis " their reason is to avoid dumping and stabilize the coin/token price, and after 100th days pass, another alibis and reasoning again others was blaming to "NETWORK CONGESTION" on erc20 tokens. Is this acceptable to everyone? I need your strong but definitive opinion.
indeed it is appropriate for the teams from a project to enforce the regulation for bounty. I think the regulation was made because it was indeed massive dumping by bounty hunters and that made the investors' last loss possible because they wanted to stabilize prices on the market that we knew at that time a project if entering the market does not necessarily touch the ICO price
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I think many projects are becoming too fraudulent these days, you just have to choose wisely on the bounty you participate in.
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What happen to many bounty campaigns nowadays? They are setting the "new norms" in paying bounty payments! "100th days after the ICO" or "even quarterly basis " their reason is to avoid dumping and stabilize the coin/token price, and after 100th days pass, another alibis and reasoning again others was blaming to "NETWORK CONGESTION" on erc20 tokens. Is this acceptable to everyone? I need your strong but definitive opinion.
I think that delaying payments even for a hundred days is not the worst decision of the ICO teams right now. In this case, payments may be paid. However, now they have begun to apply a more sophisticated method of fraud - to announce the KYC audit under the ICO termination or even after its completion and for various reasons to declare that you have not passed such a KYC verification. Here you will not see payments at all, although you will work as before.
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Was the date of distribution clearly stated in the bounty rules at the beginning of the campaign? If it was, then hunters who joined knowing the date cannot really complain since it is the team's exclusive right to make the rules. In cases of delays in distribution, I would accept reasons like market conditions but NOT reasons like "to avoid dumping and stabilize the coin/token price". Even though I understand the logic but it is still not justifiable for the team to withhold bounty tokens just because they are afraid what hunter will do with it.
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each team dev and BM have their own strategy for distribution of tokens and also listing to the market, insofar as it is effective, I will accept it, but if it is only an excuse not to pay, I will do more to ask for the promised reward
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I think every coins/tokens have their trick to minimize dump market, that is like distribute their coins/tokens when the market better or even distribute their coins/tokens but they not have an exchange, so the coins/tokens holder will hold their tokens. And about the bounty campaign but not pay the coins/tokens for the bounty hunters for so long time, I think they have same think but I think this is really bad idea, because the project look like scam project, because the peoples will say if that project not pay.
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Come to think of it, delaying distribution can still be a good thing. I will have no problem if they kept my bounty reward for a few months when at the time it will be given to me, the value will be higher than the ICO price. That is better than getting the tokens immediately after ICO and the price drops way below ICO price
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This is true, many companies do this so that tokens do not depreciate in such a dead market, and many companies simply do not want to pay tokens and turn into scam.
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Its not new, many bounty campaign now like that, we need to wait for a couple of months before we receive our payments, just be patient and wait because if you are joining a good bounty program and you followed the rules you can receive your payment.
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before we joined the campaign we had to know the rules set by the project first
.usually there is explained that how long the bounty payment will be made after the campaign is finished and what if it does not comply with the rules even longer, usually the project fails or scams
Today many projects that have the potential to be offered do not take long just a few weeks and after the campaign ends waiting for a few days to be paid immediately
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Before joining any bounty program, it is advisable that you read the rules. Many bounties states the date if distribution in their rules. If you join in such a case, then you don't have any reason to complain. What I don't like is introducing kyc after the bounty. That is fraudulent.
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I have no problem if they delayed the payment for good reason like to avoid massive dumping of tokens, but one of the problem of the ICO project team side is that they will implement KYC later on and sometimes your are busy doing other things and you forget to submit your KYC.
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We know its stayed long before payment , but I believe that there were information pertaining this, that is why you need to read the rules that is behind it. Pls be patients.
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if the dev and the team are correct and not deceptive, the regulation is not a problem, but I have participated in a bounty, almost a year the prize has not been given.
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Well I have felt it too, there are some bounties that are too long to pay the bounty hunter, of course, which makes bounty hunters disappointed. This could be because the market conditions are bad, but as a bounty hunter, we certainly want it to go smoothly. So I just hope that in the future more gifts will be better.
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What happen to many bounty campaigns nowadays? They are setting the "new norms" in paying bounty payments! "100th days after the ICO" or "even quarterly basis " their reason is to avoid dumping and stabilize the coin/token price, and after 100th days pass, another alibis and reasoning again others was blaming to "NETWORK CONGESTION" on erc20 tokens. Is this acceptable to everyone? I need your strong but definitive opinion.
I think that delaying payments even for a hundred days is not the worst decision of the ICO teams right now. In this case, payments may be paid. However, now they have begun to apply a more sophisticated method of fraud - to announce the KYC audit under the ICO termination or even after its completion and for various reasons to declare that you have not passed such a KYC verification. Here you will not see payments at all, although you will work as before.
I agree. Now they no longer think of anything, just not to pay. I do not understand this at all. Thanks to bounty hunters, they get a lot of investors and why I don’t pay for a campaign bounty I can’t understand.
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The decision to delay gratification is for me unacceptable. They will usually give flimsy excuses like bounty hunters dumping their tokens at the exchange, so they're delaying payments to protect the price of the token. But they also forget that bounty tokens usually make 1% of the total supply and as such it's not enough to dump the price.
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The reason we are having this complaints on distribution delays is because this is not what we were used to. Market condition changes and the team have to make the necessary adjustments to protect the project as a whole and that also includes withholding bounty rewards. This is something that we also have to get used to. Non-distribution due to fraud is another thing of course.