Post
Topic
Board Altcoin Discussion
Re: Bounty rewards
by
Genemind
on 01/12/2020, 10:00:52 UTC
Since bounty hunters are being blamed for the projects price drop,
Why not ask the projects owner to pay the bounty reward in BTC or whatever the investors used to invest in their project?
They've promised their hunters a reward that has a total of $ value on their token/coin but they couldn't deliver it.
Wouldn't this kind of payment would solve both the investors and hunters problem?
The project price wouldn't dump after the reward has been given to the hunters and the hunters would get what has been promised to them.
I think the BM's could try and convince their clients for this kind of payment if they give it a try.
HA!
HA!
HA!

So, most of the altcoin bounties don't have any money to pay promised amount in BTC, so they pay in their own token.
Basically they play the odds.... offer a bog bounty, and if the project pics up, they reduce payment, and if it fails, it's hunters fault.

What projects should do, is define a reasonable bounty pool, and expect reasonable results.

It's a favorable condition for project developers to pay in their own token, and you are correct, even if they even have money to pay in BTC they would rather spend their own token to pay for promotions, so the market will decide whether they paid nothing or just a little amount for their marketing.

In my own opinion, the bounty pool is just a piece of a chunk of the total supply of a certain project. The one who dumps once token is listed are early investors or the team.