Post
Topic
Board Altcoin Discussion
Re: High rewards still possible in bounties?
by
Kersh768
on 24/03/2020, 17:03:00 UTC
Possible but is hard to find such bounty program. What determines how high the reward is from the bounty projects, I think, is the market price of the product coin. But since the market situation is now pulling down the market value of cryptos, I think it would be hard to find one. Unlike before, way back 2017, wherein the market condition is good. It was the year when a bullrun occured. Most of the projects were profitable because most projects are succeeding that time. When the crash happened, things went to the opposite. Most of the projects are failing desoite of popularity and potentials. So maybe, the way the market behaves would also determine how huge will the profit be.
Nowadays most of the bounties that gives high reward are scam. That high reward is just luring more hunters to promote the scam project, this is not the year 2017 anymore where ICO's were profitable but better to research the project so you know if it is legit or a scam.
Maybe, you are referring to amount of token allocation from a bounty project. Actually, if you are not new in this industry, you would know that huge token allocation does not mean the reward will also be high, for example; what if the market value of each token is low? Numbers would be nonsense. I have experienced of such thing, I won't mention the project because this happened years ago. I receive more than 200,000 tokens, but each of the token have a price of approximately $.005 that time. I earned 'profit' but it was not as big as what I have expected to earn from it.