Post
Topic
Board Altcoin Discussion
Merits 1 from 1 user
Re: Convince me that bounties paying in anything other than Bitcoin are worth it
by
Mpamaegbu
on 22/07/2021, 17:04:23 UTC
⭐ Merited by CryptopreneurBrainboss (1)
I want to know how much you guys are earning with these bounties that offer "stakes" for doing certain tasks because I am not convinced that they are legitimate.
Well, I can tell you for free that earning in bounties is a thing of luck because most of the projects at the time of the bounties may not even have the tokens ready. Some at the end of the bounty will still not even have them. Again, it's a huge risk most hunters take because there are often projects which don't fulfill their promises of paying hunters at the end. On a few occasions, one might stumble unto a gem and then make a lot of money from the tokens. Cartesi is one of such gems for me. I was among the hunters two years ago or so and it's proving to be a nice token for keeps. At its ATH, my earning was well over $6,500


However as soon as it is worth something all the other participants in that signature campaign will be thinking the same thing. Withdraw. That then causes a dump effect on the token and you are back to it being worthless again.
It's not true to say hunters activity of selling that causes tokens to dump. Hunters reward percentage is very small compared to what shares the companies and their investors keep to themselves. Most times, investors get to dump on the projects before hunters are allowed heir rewards.