Post
Topic
Board Altcoin Discussion
Re: Bounty Projects Paying Out in Bitcoin or Ethereum Instead of Bounty Native Token
by
pishite
on 23/08/2019, 04:23:33 UTC
For the fact that many projects in the cryptocurrency ecosystem doing bounties pay bounty hunters in their native tokens thereby blaming hunters for the dump in price most at times. I think it will be more preferable to have rewards paid in bitcoin or ethereum in order to save bounty hunters from receiving blames unnecessarily. I took part recently in a bounty (ANYONE project) and the payment is in btc though still awaiting payment but we're saved from unnecessary bickerings relating to price.
If on this bounty space we can get rewards in these currencies (btc or ethereum) it will do more good because after payout everybody faces their business and it will be left for the project team to see to how value could be added to their token or project as I can term it.

It's quite glaring and painful at the same time, bounty hunters are at the receiving end. In some cases, bounty managers change the rules with utmost disregard to hunters. I partook in a bounty just recently, where the BM was looking for a different excuse to cut down the rewards in their own native token seeing that price of the token skyrocket after their IEO and not allocating the agreed percentage to those tagged successful thereby denying hunters of what should have accrued them.

Any suggestion on the way forward that could be of help to bounty hunters having fair treatment and not be treated as a piece of rag after successful project campaign(s)? I want to learn from others experiences on the forum.

It is not profitable for them to pay bitcoin and ethereum. Since these are additional risks for them due to the high price (the rate is not stable). As stated above, it is easier to issue tokens and distribute them, after which you can blame users for their low rate. And the Bitcoin and Ethereum coins that you invested, they will keep for themselves and will not raise the course due to them, unless of course there are investors in the project who will not let the rate fall low. So far, only casinos and game projects are paying bitcoins for a signatures company.