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. Here is why I think that. Lets say you did a signature campaign paying in their coin that is currently worth nothing but you put in hours of work to get this token with the anticipation that it might be worth something at some point. 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.
I am 100% sure that most bounties today have the same teams behind them and they continue to do the same process each time in an attempt of being successful once out of the million times they have tried before. In modern times we have become accustomed to minimum wages or at least fair wages but you guys are doing work for nothing at the time of completing your work on the promise that they will be worth something down the line. Would you work for a company in the fiat world if they promised you to give you shares in their company without any guarantee that they would be successful?
I just do not understand why people would want to work for free without any guarantees at all. If you are really unlucky you could spend 1000s of hours doing work for these bounties and profit nothing. I am interested in hearing about your experience with these bounties and how much you profit when it comes to withdrawing the tokens.
It is definitely true that altcoin bounties are a huge risk because in at least 9 out of 10 cases you basically "work" for free because the project does a rugpull or it just never lifts of and in both scenarios that means your tokens are absolutely worthless if you even get them. It is still possible to find good altcoin bounties though you just need to look closely, do your research and don't just the next altcoin bounty that offers 500k$ worth of tokens for the bounty because that is already a bad sign. If a new projects is paying out that much to bounty participants then it is impossible that the price stays stable once all the bounty hunters sell their tokens. I would only join altcoin bounties of projects that i already knew before the bounty announcement and from where i know that people are interested in this project. Most of those project are not doing any bounties though because they don't need it anymore but some do, for example Radix last year.