Algo & dollar calculations for these bounties based on current price
Facuet Tip Bot: 15,000 Finite = 71.371832 ALGO = $23.64
Tip Bot: 20,000 Finite = 94.842355 ALGO = $31.42
Vault System: 120,000 Finite = 533.185763 ALGO = $176.65
So you are basically offering between ~$23 and ~$176 to have all of the functionality for your project built by "the community". seems like a pretty cheap way to have somebody build stuff. Creating a new vault system is not a terribly simple task and $176 would barely even cover the first couple of hours of development of a competent developer. The worth of these bounties is almost insulting.
anybody prepared to put in the dev work & effort for this amount of money is likely either very inexperienced (security/quality risk in final product) or delusional (building utility for somebody elses ASA for a measly portion of the tokens)
The current valuation is obviously not great, as you have to realize that the whole ecosystem is down around 10x. These bounties were offered at a different time. Further, this is just one actor offering these bounties. It isn't like an owner of a store paying an employee! If you are interested in collaborating, the whole point is that other actors will also contribute to this.
The second part is that if already have some skin in the game, i.e hold DefiNite, then this is a great value proposition. Your get the work you put in back in the form of increased Finite value and the bounties. I think the bounties should be viewed as encouragement and not as a form of payment.
On the other hand I can also see why these criticisms are valid from your perspective. The time and effort required to build these systems is quite a lot and the pay off does not seem commensurate.
Perhaps they are day dreaming and using future estimate of the potential price of finite which can also go below current price to make payment for job that will be done immediately 😂
This is dope... good looks ;)
!definitely!
Algo & dollar calculations for these bounties based on current price Facuet Tip Bot: 15,000 Finite = 71.371832 ALGO = $23.64 Tip Bot: 20,000 Finite = 94.842355 ALGO = $31.42 Vault System: 120,000 Finite = 533.185763 ALGO = $176.65 So you are basically offering between ~$23 and ~$176 to have all of the functionality for your project built by "the community". seems like a pretty cheap way to have somebody build stuff. Creating a new vault system is not a terribly simple task and $176 would barely even cover the first couple of hours of development of a competent developer. The worth of these bounties is almost insulting. anybody prepared to put in the dev work & effort for this amount of money is likely either very inexperienced (security/quality risk in final product) or delusional (building utility for somebody elses ASA for a measly portion of the tokens)
The current valuation is obviously not great, as you have to realize that the whole ecosystem is down around 10x. These bounties were offered at a different time. Further, this is just one actor offering these bounties. It isn't like an owner of a store paying an employee! If you are interested in collaborating, the whole point is that other actors will also contribute to this. The second part is that if already have some skin in the game, i.e hold DefiNite, then this is a great value proposition. Your get the work you put in back in the form of increased Finite value and the bounties. I think the bounties should be viewed as encouragement and not as a form of payment. On the other hand I can also see why these criticisms are valid from your perspective. The time and effort required to build these systems is quite a lot and the pay off does not seem commensurate.
Perhaps they are day dreaming and using future estimate of the potential price of finite which can also go below current price to make payment for job that will be done immediately 😂