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Did they get paid 2M in USD, or did they get paid 2M in magic-bean tokens, where is so little market depth that selling 30k of it would tank the market, so they
by malux85 2y ago
Did they get paid 2M in USD, or did they get paid 2M in magic-bean tokens, where is so little market depth that selling 30k of it would tank the market, so they will have to bleed it out slowly and hope the price doesn't tank before they exit
- danielvf 2y ago[I was wrong, see below]
- usmannk 2y agoThis one was actually USDC! Regulated, unmagic, dollar-backed beans.
- pennybanks 2y agocongrats. take your mama out for a nice dinner. get some flowers as well you know she deserves it
- nobrains 2y ago$8,333 monthly on a 5% return. Congrats!
- bangaladore 2y agoMagic-bean tokens. I think most on that bug-bounty site are done like that.
- bangaladore 2y agoRegarding the downvotes, the company says the below in their Immunefi page. It seems (as the OP responded) that they paid out differently in this case. I am unsure why that happened or if the page is outdated. "Payouts are handled by the Sei Foundation team directly and are denominated in USD. However, payments are done in SEI." [1] The other part of my comment is correct according to the various Immunefi listings. Again, I could be incorrect if they do something differently behind closed doors. [1] https://immunefi.com/bug-bounty/sei/ https://immunefi.com/bug-bounty/sei/
- zEddSH 2y agoDaily volume is > $100m, there's liquidity and the payout is pegged to USD so trade quick and run. But OP was paid in USD anyway.
- bangaladore 2y agoSure, but we are talking about a token that (almost) had a bug that allowed people to steal from cold-wallets. No amount of fancy words makes that concern go away.
- usmannk 2y agoProjects are free to change their terms and the page you link has been updated since I submitted my reports. The maximum was lowered to $1M and payment currency changed from USDC to SEI.