Running a bounty can't be cheap. For every person participating you have to pay a fee. For telegram and airdrops, how do the devs afford it?
10k airdrops at 1 cent is $100 just for one round. That sounds costly to me. I also doubt a transfer would be so little as 1 cent.
What makes me wonder even more is how do devs that give up on their projects or let them die still pay out their bounty? Some scams even payout their scam coin which must cost them 100s of $$
Is there something I am missing? is mass sending eth tokens cheaper then I think? Maybe someone with some experience in send to multiple eth addresses knows. You also need to use a special service or have the know-how to send to multi addresses as well.
Since when is sending 10,000 transactions for $100 expensive? That's incredibly cheap, can you imagine trying to send 10,000 individual payments with only $100 in network fees using any other payment platform?
For most people living in a developed country, $100 or even $1,000 is basically negligible. For companies looking to raise upwards of $1 million, they need to expect to spend a decent chunk of change initially marketing their project.
Scam project does not intend to pay more than their profit, same goes to the legit projects. So I can say the cost of running a bounty campaign is almost negligible to the developers side. Most project that failed their ICO never distributed their token and declared ICO failure thus making an excuse to not distribute it. While scam projects that collected money from investors already in a profit so spending hundreds of dollars for token distribution is not an issue for them. But for those legit and strong project, they spend hundred thousands of dollars for this campaign sadly, this is a rare case now aday.