follow us on twitter . like us on facebook . follow us on instagram . subscribe to our youtube channel . announcements on telegram channel . ask urgent question ONLY . Subscribe to our reddit

Author Topic: token dump, the unwanted consequence of airdrops & bounties  (Read 10675 times)

claudio2

  • Legend
  • *
  • *
  • *
  • *
  • Activity: 1204
  • points:
    5015
  • Karma: 33
  • Trade Count: (0)
  • Referrals: 2
  • Last Active: Today at 01:19:11 am

  • Total Badges: 21
    Badges: (View All)
    too active, 25 Posts in one day One year Anniversary Karma Good
Re: token dump, the unwanted consequence of airdrops & bounties
« Reply #15 on: August 10, 2018, 09:53:40 pm »
Particularly I think that both the BOUNTY and AIRDROPS in no case help the situation of any ICO beyond the commercial, because in the beginning, the ICO made this kind of things to massify their consumption, nowadays, it has become in a parallel business for many, so much so, that there are people who intend to really make money with this.

I know I can be touching particular interests when I say it, but a new commercial and marketing methodology is necessary for the ICO, these forms not only affect the value, they affect the investor interested in a business proposal, because it puts them to play in against the mass that has received the token for free.
While it is true that individuals can be intelligent, we must recognize that the mass is dumb. and for that reason they are overcome by the fear of the descent and they sell in group producing irretrievable losses, even with the partial deliveries to work in recoveries of 30 days, it is a major and unnecessary effort.

On the other hand, the legislation on SECURITIES is running to regulate any type of currencies that rely on Bountys for their growth, leaving investors in losses and ghost products in cemeteries of ideas because the marketing strategy will break them, or they will be overwhelmed by growth.

In summary, there is no real benefit in the BOUNTY except for those who participate and leave first, the same with the AIRDROPS, so it is a commercial practice, destined to die, what you have to try is not to disappear with it, and devise new marketing techniques.

I fully agree with what you said. Bounties and airdrops have become a business for many people who have no interest in the blockchain technology itself and only want to earn some free money.
And now the thing is very big and started to be harmful to the projects.
Bounty campaigns have kind of lost their purpose.
                 ▄▄▄▄▄▄▄▄▄                
         ▄▄▄███████████████▄▄▄         
      ▄█████████████████████████▄      
   ▄███████████████████████████████▄   
  ▄████████████▀▀▀▀▀       ▀▀▀▀█████▄  
 ██████████▀ ▄▄▄▄▄▄▄▄▄       ▄████████ 
▐█████████████████████▀    ▄██████████▌
███████████████████▀▀    ▄█████████████
█████████████████▀    ▄████████████████
██████████████▀    ▄██████████████████▀
▐█████████▀▀   ▄▄██████████████████▀▀  
 ▀█████▀    ▄█████████████████▀▀▀   ▄  
  ▀██▀                         ▄████▀  
    ▀████████▄▄▄▄▄▄▄▄█████████████▀    
      ▀█████████████████████████▀   
         ▀▀▀███████████████▀▀▀
               ▀▀▀▀▀▀▀▀▀        
 
.zeosX.
            Borrow with or without collateral
                        ■ Luxurious and stunning quality cards
■ Superior crypto mobile wallet      ■ Investments, auction and lending
  ...WHITEPAPER....
                          ▄▄▄
                    ▄▄▄██████
              ▄▄▄█████▀▀████▌
        ▄▄▄████████▀ ▄██████
  ▄▄▄██████████▀▀  ▄███████▌
▀███████████▀   ▄██████████
   ▀▀▀███▀    ▄███████████▌
        █▌  ██████████████
        ▐█ ██████████████▌
         █████▀ ▀████████
          ██▀      ▀████▌
                      ▀▀
    ▄▄████████▄▄   
  ▄██████████████▄ 
 ███████████▀▀█████
█████▌ ▀██     ▄████
█████▌         █████
██████▄      ▄██████
 █████▀    ▄▄██████
  ▀██████████████▀ 
    ▀▀████████▀▀   
▄██████████████████▄
████████████▀▀▀▀▀███
██████████▀     ▄███
██████████   ███████
███████▌        ▐███
████████▄▄   ▄▄▄████
██████████   ███████
██████████   ███████
▀█████████   ██████▀
▄██████████████████▄
██▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀██
██ ███████████ ██ ██
██ ████▀▄▄▄▄▀████ ██
██ ███ █▌  ▐█ ███ ██
██ ████▄▀▀▀▀▄████ ██
██ ██████████████ ██
██▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄██
▀██████████████████▀
altcoinstalks

Altcoins Talks - Cryptocurrency Forum

Re: token dump, the unwanted consequence of airdrops & bounties
« Reply #15 on: August 10, 2018, 09:53:40 pm »


fritzbitcoin

  • Baby Steps
  • *
  • Activity: 40
  • points:
    112
  • Karma: 0
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: December 20, 2018, 09:41:31 am

  • Total Badges: 1
    Badges: (View All)
    Topic Starter
Re: token dump, the unwanted consequence of airdrops & bounties
« Reply #16 on: September 16, 2018, 10:25:22 am »
When I received my first airdrop, I did not sell it right away because  I believe the idea of holding and  reach the moon soon. However, after it was listed in exchange and CMC the price got hammered as a result I sold that token at a very lower price instead of  higher price. So, after that I realized I should keep the % sell and hodl but the market crash and I don't see any reason of selling also.

Altcoins Talks - Cryptocurrency Forum

Re: token dump, the unwanted consequence of airdrops & bounties
« Reply #16 on: September 16, 2018, 10:25:22 am »

EmoneyABC

  • Legend
  • *
  • *
  • *
  • *
  • *
  • Activity: 1208
  • points:
    1511
  • Karma: 57
  • SPAM - IGNORE
  • Trade Count: (0)
  • Referrals: 3
  • Last Active: October 12, 2019, 04:39:25 pm

  • Total Badges: 17
    Badges: (View All)
    too active, 25 Posts in one day One year Anniversary Karma Good
Re: token dump, the unwanted consequence of airdrops & bounties
« Reply #17 on: October 12, 2018, 01:58:15 am »
I already answered this in your other thread about bounties because airdrops are a similar story especially lately where we have bounties for doing nothing.

Of course this tokens will be dumped and influence the price in a bad way. Even worse a lot of this tokens will go to hackers in high amounts and together with good referral, bounty tactics they can have a significant amount of tokens and very big impact on the price. They can even manipulate the price for a long time to finally produce a huge bubble and fake demand of FOMO investors to dump on them.

Lately there are fully automated services where you have to click a few buttons to be registered in multiple airdrops, This is not a proper way of ICO advertising for sure is not effective and can be harmful or dangerous.
« Last Edit: October 12, 2018, 02:01:33 am by EmoneyABC »
Get 10$ on Coinbase just for sign up!!! https://www.coinbase.com/join/52a755b9355a44c96b000228

Get free 50$ in EOS on Coinbase!!! https://coinbase.com/earn/eos/invite/42nsgkyj

Get free 50$ in XLM on Coinbase!!! https://coinbase.com/earn/xlm/invite/v5t3148r

Zed30

  • Legend
  • *
  • Activity: 2061
  • points:
    4298
  • Karma: 125
  • HiveNet - Distributed Cloud Computing
  • Trade Count: (0)
  • Referrals: 34
  • Last Active: October 23, 2019, 01:03:35 pm

  • Total Badges: 19
    Badges: (View All)
    10 Poll Votes Quick Poster Poll Starter
Re: token dump, the unwanted consequence of airdrops & bounties
« Reply #18 on: October 14, 2018, 08:06:30 am »
Most ICOs and projects are not aware of this, but seasoned bounty managers and bounty hunters know this very well.
The ICO price will get hammered once the airdrop & bounty are distributed.

I think ICOs are very much aware of this but they do not really mind since they only share a small percentage of their tokens. What is more important to them is that they can spread the word at the very least cost possible .
           ▄███▄    ▄▄▄▄▄
          ███████  ███████
          ███████ █████████
           ▀███▀  ▀███████▀
  ▄███▄            ▀█████▀
 ███████  ▄███▄    ▄▄▄▄▄
 ███████ ███████  ▄█████▄     ▄▄▄▄▄▄
  ▀███▀  ███████ █████████  ▄████████▄
          ▀███▀  █████████ ▄██████████▄
 ▄███▄            ▀█████▀  ▀██████████▀
███████  ▄███▄     ▀▀▀▀▀    ▀████████▀
███████ ███████   █████       ▀▀▀▀▀▀
 ▀███▀  ███████ ▄███████▄   ▄▄▄▄▄▄
         ▀███▀  █████████  ████████▄
                ▀███████▀ ██████████▄
       ▄█████▄    █████   ███████████
      ▄███████▄  ▄▄▄▄▄     █████████
      ▀███████▀ ▄█████▄     ▀█████▀
       ▀█████▀ █████████
               ▀███████▀
                ▀█████▀

HiveNet


       ███████████████████
      █████████████████████
     ███████████████████████
    ██████         ▀█████████
   ███████  █████▄   ▀████████
  ████████  ███████▄   ████████
 █████████  █████████  █████████
██████████  █████████  ██████████
 █████████  █    ████  █████████
  ████████  █████████  ████████
   ███████  █       █  ███████
    ██████  █████████  ██████
     █████             █████
      █████████████████████
       ███████████████████
        █████████████████


       ███████████████████
      █████████████████████
     ███████████████████████
    ████████████████▀  ██████
   ██████████████▀       █████
  ███████████▀       ██▌ ██████
 ████▀  ▀█          ████▌ ██████
████                ████▌ ███████
 ███                ████▌ ██████
  ███▄  ▄█          ████▌ █████
   ████████   █      ██▌ █████
    ███████  ████▄      █████
     ██████  ███████▄  █████
      █████████████████████
       ███████████████████
        █████████████████
|
|

HBKMusiK

  • Sr. Member
  • *
  • *
  • Activity: 342
  • points:
    3028
  • Karma: 4
  • 🔥Romanian Moderator/Translator🔥
  • Trade Count: (0)
  • Referrals: 4
  • Last Active: August 23, 2019, 12:15:47 pm

  • Total Badges: 13
    Badges: (View All)
    Search Karma Good One year Anniversary
Re: token dump, the unwanted consequence of airdrops & bounties
« Reply #19 on: October 15, 2018, 11:32:26 pm »
However a lot of those ppl are making a living and are living in extreme poverty spending less than a dollar a day I do not blame them still the impact on the price after the ico may be significant and only depends on the strength of the token
Yeah. What I'm thinking, why not pay the bounty and airdrop hunters ethereum if the team want to avoid the dump that cause by this group?
Because many and many crypto teams only look for their profit and marketing, didn't even care to see a future on their token.

Collinberg

  • Full Member
  • *
  • Activity: 138
  • points:
    212
  • Karma: -3
  • 🔰 FERRUM NETWORK 🔰
  • Trade Count: (0)
  • Referrals: 5
  • Last Active: June 16, 2019, 07:51:57 pm

  • Total Badges: 9
    Badges: (View All)
    100 Posts Signature Avatar
Re: token dump, the unwanted consequence of airdrops & bounties
« Reply #20 on: November 01, 2018, 03:01:23 pm »
Many Bounty and airdrop hunters still hold their tokens, I hold good tokens when I get them, just dump the ones I don't believe in, but I don't think this has much effect on Token price because even projects that didn't conduct bounties are tanking in this market.
Ferrum Network •   ANN • Bounty • Website • Telegram
The First High-Speed Interoperability Network for Real-World Financial Applications

OptimusPrime

  • Sr. Member
  • *
  • Activity: 383
  • points:
    610
  • Karma: 1
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: October 13, 2019, 02:01:25 pm

  • Total Badges: 10
    Badges: (View All)
    One year Anniversary Karma 100 Posts
Re: token dump, the unwanted consequence of airdrops & bounties
« Reply #21 on: November 09, 2018, 04:10:54 am »
Most dumps are done by investors in most cases and it's being help on bounty hunters. The project owners knows this very well, even amount allocated to bounty and airdrop are small price still dump why? Because the whales or teams sell of its token and tanking price.

They make hunters look bad even though some or many hunters sell off tokens out of frustration some still wanted to see the price go up. The project intentionally list token below price this days

Stuart

  • Hero Member
  • *
  • Activity: 897
  • points:
    1194
  • Karma: 9
  • Trade Count: (0)
  • Referrals: 2
  • Last Active: October 20, 2019, 06:37:28 pm

  • Total Badges: 16
    Badges: (View All)
    One year Anniversary 500 Posts Linux User
Re: token dump, the unwanted consequence of airdrops & bounties
« Reply #22 on: November 23, 2018, 08:42:15 am »
Would like to know, if the bounty and airdrop hunters are the major factors of dumps, is the quantity obtained from the bounty/airdrop very much, that it will be able to drop the price of the token? I do have this thinking that those who bought during private sales and pre-ico stages are responsible for the deep, because they'll like to get back their capital.
Please if am wrong I will gladly accept my corrections. Thanks.

Ferki

  • Legend
  • *
  • Activity: 1323
  • points:
    3837
  • Karma: 54
  • Here to stay
  • Trade Count: (0)
  • Referrals: 1
  • Last Active: Today at 06:04:54 am

  • Total Badges: 21
    Badges: (View All)
    One year Anniversary 100 Poll Votes 1000 Posts
Re: token dump, the unwanted consequence of airdrops & bounties
« Reply #23 on: November 28, 2018, 06:32:00 pm »
Would like to know, if the bounty and airdrop hunters are the major factors of dumps, is the quantity obtained from the bounty/airdrop very much, that it will be able to drop the price of the token? I do have this thinking that those who bought during private sales and pre-ico stages are responsible for the deep, because they'll like to get back their capital.
Please if am wrong I will gladly accept my corrections. Thanks.

It is hard to imagine that only 1% of token holders can do such dump.But also just few hunderds of them can also make 500% pump in 2-3 hours.
Everything is possibile in cryptoworld,unfortunately.

Tonymillee

  • Sr. Member
  • *
  • Activity: 527
  • points:
    934
  • Karma: 3
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: October 22, 2019, 07:53:57 pm

  • Total Badges: 11
    Badges: (View All)
    500 Posts Search Poll Voter
Re: token dump, the unwanted consequence of airdrops & bounties
« Reply #24 on: February 04, 2019, 01:42:38 pm »
every project need to go to the market for an investor to have a little faith in what he/she invested on. no matter how they dump. every good project allways win back.

Abiodun

  • Plagiarism strike
  • Sr. Member
  • *
  • Activity: 365
  • points:
    727
  • Karma: -11
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: June 18, 2019, 08:34:39 pm

  • Total Badges: 14
    Badges: (View All)
    One year Anniversary Karma Karma Bad
Re: token dump, the unwanted consequence of airdrops & bounties
« Reply #25 on: March 23, 2019, 04:02:48 pm »
Most times its not really the bounty hunters or the airdrop participants that's dumps the coins, at times the investors too mostly dumps after the coin lunches on exchanges so as to take profit and buy back later... If a project has a real and we'll defined usecase it'll still pump even if it might have dump hard.
SR. MEMBER

       
        ██
       █████
      ███ ███
     ███   ███
    ███ ▄█▄ ███
  ▐███       ███▌
 ████▄█▀ ██████████▄
█████▀   ████████████
         ████   ████
         ███████████
         █████████▀
         ████
         ████
         ▀▀▀▀▀

Authpaper Coin
   ▬▬▬▬▬▬▬▬▬▬▬▬▬▬
        ▄███████████▄██████████████████
        ███████████████░░░░░░░░░░░░░░░░██
       ██████████████████████████████░░██
      ███████████████████░░░░░░░░░░░░░░██
      ███████████████████████████████░░██
       █████████████████░░░░░░░░░░░░░░░██
       ██████████████████████████████░░██
        ██████████████░░░░░░░░░▄▀███████████████▀▄
         ███████████████████████▄▀███████████▀▄██
         ████████████░░░░░░░░░░████▄▀███████▀▄████
       ███████████████████████████████▄▀███▀▄██████
 █████████████████████████████░░████████▄▄▄████████
███████████████████████████████░███████████████████
███████████████████████████████░▀█████████████████▀





.BLOCKCHAIN BASED SYSTEM.
.FOR DATA DELIVERY AND........
.CERTIFICATIONS......................
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██




..........WHITEPAPER..........
TWITTER
MEDIUM
GITHUB
REDDIT
SLACK
BTC TALK

sunny1356

  • Baby Steps
  • *
  • Activity: 32
  • points:
    52
  • Karma: 0
  • Trade Count: (0)
  • Referrals: 1
  • Last Active: August 03, 2019, 04:27:51 pm

  • Total Badges: 4
    Badges: (View All)
    Topic Starter One year Anniversary Linux User
Re: token dump, the unwanted consequence of airdrops & bounties
« Reply #26 on: May 17, 2019, 02:16:45 pm »
Sometimes the dump of tokens does not boil down to airdrop and bounty alone.
I have seen cases where bounty hunters were not paid or have not been paid, yet their tokens dumped on exchange.
That then made me to begin to wonder what other causes could have resulted into this?

bountyecrire

  • Full Member
  • *
  • Activity: 309
  • points:
    394
  • Karma: 6
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: September 01, 2019, 05:33:17 pm

  • Total Badges: 11
    Badges: (View All)
    Linux User Mobile User Topic Starter
Re: token dump, the unwanted consequence of airdrops & bounties
« Reply #27 on: July 13, 2019, 03:36:10 pm »
Projects can solve this situation by releasing bounty tokens a little bit later. But we should also think that bounties help them hit hardcap so they should actually honor bounty members (but they should be careful that no one is multiplying accounts/articles etc.) If every bounty application is fair and true, then these bounty articles-videos-signatures must have helped the project grow a community.

 

ETH & Token Donations: 0xc9CbFe089EBC2E27236F53D8cD2Afd3d337385fc