RE: HaggleX Bounty Programme is LIVE: $50,000 HAG Reward Pool

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HaggleX Bounty Programme is LIVE: $50,000 HAG Reward Pool

in hive-175254 •  4 years ago 

Hi @hagglex

I've resteemed this post already, but I'm not going to be able to join this bounty since terms and conditions are just simply over-complicated.

Example: "Your audit score must be more than 85%."
(auditscore ? what the heck ...)

I surely wish you all the best, but let's face it - if you're assuming that 1 HAG = $1 then you will be giving away 50k usd in tokens to bounty-hunters. And most of them will dump your token right away, causing enormous selling pressure.

Truth is, that seeing such a bounty make me wonder if HAG token will even manage to maintain price of 0.1$ after this bounty will be over.

In my opinion, bounties are not a good way to market and promote your ICO/token. From perspective of an investor - I've learned that whenever I see bounty happening then I feel "cheated". After all most ICOs are raising funds from investors and part of those funds is planned to be used to cover costs of marketing purposes. Doing bounty is like "charging" double.

Not only investors are buying token, knowing that part of those money raised will be used to pay for marketing and promotional services. On top of that as an investor I would lose value of purchased tokens, knowing that bounty has been organized.
That makes me feel (and many other investors would probably feel the same) that I was cheated. That people behind ICO/launched token took money for themself (those money which were supposed to be used for marketing purposes) and are trying to promote their project by offering free tokens (which is not fair towards initial investors).

ps. welcome to Project.hope community
@creativeblue team

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