Post
Topic
Board Altcoin Discussion
Re: Bounty or Airdrop kill project?
by
Burogh
on 14/08/2020, 07:02:46 UTC
I dont know what you think guys but i think airdrop and bounty kill the project let say after the project finish the ico all the bounty and airdrop hnter sell their coin/token , this make te price go low.Since all of bounty and airdrp hunter did not care about the project.

In my opinion, this assumption is incorrect. Bounty allocation is quite small compared to total supply and usually ranges from 1-3% of total supply. With such a small allocation, I think that if the project is good, it will not affect the price drastically because not all bounty hunters sell their tokens and many people prefer to hold them.
If they list at small exchanges and have no liquidity, or their liquidity is less than $ 20k per day, I believe that bounty will cause the price to collapse many times. So bounty can still cause the project to crash if they list it in the small exchanges on this market.

The price of the token depends on the supply and demand, I agree that if the transaction is small enough, the token from the bounty can affect the price due to small demand from other investors. But if we count from the total supply, usually the bounty allocation is quite small because it is in the range of 1-3% of the total supply