Post
Topic
Board Altcoin Discussion
Re: Bounty hunters killed ICO?
by
icekohl
on 05/09/2019, 16:21:14 UTC
1) a project collected funds,
2) Funds allocation (among advisors, bla bla bla and bounty hunters)
3) Considering there are thousands of BH, the price of a token dropped dramatically
4) Investors bought token on ICO see this crap and less people invest in ICOs.

True or False?
I think not. If you compare bounty allocation with total raised fund, It cannot affect token prices. Team and private investors are the ones who hold the most tokens, and they are the cause of the dump. So stop blame hunters for that.
if we talk about psychology that effected while bounty  hunter dumped token its very big.although bount total has less portion if we compared with total supply.but if developers team could work hardly and keep update about their projects developtment, in my opinion bounty dumping will not effected to market price.
If they care to their project and want to protect its price from dumpers, they can rebuy the bounty tokens. It will satisfy both the hunter as well as protect their own project. If not, their token will worth zero in a blink of an eye.