BOUNTIES WITH REGIONAL RESTRICTION. | Bitcointalksearch.org

Burogh

member

Activity: 644

Merit: 10

COVIR.IO

Quote from: TheBusstop on August 27, 2019, 08:31:03 AM

I though that cryptocurrency is Meant for everyone. i thought that one of the reason is to create a decentralized system. for everybody on this planet in need to fight of the centralized economic system.

1;WHY Do we have projects that places restriction for investors from certain regions.

2;Why do some project owners ban some regions from participating in the Marketing campaigns of their project but Rather allows such people to invest in their project.

Well the first question is understandable but still Not clear to me BUT THE Second, is apt.

Every country has different regulations, including regulations on cryptocurrency. Decentralization in terms of cryptocurrency is in use while in terms of investment it is still regulated by the government because it involves financial or tax matters.

xiboothrezi

sr. member

Activity: 1246

Merit: 285

It all depends on regulation, buddy. We know that not all countries accept cryptocurrency openly, some even outlaw it. The existence of restrictions is of course for the sake of security and mutual comfort, so that no rules and policies are violated. If there is a different treatment between investors and bounty hunters, that is the policy that we must accept, there must be a certain reason, for example, many people who cheat from the region, etc.

valuater

sr. member

Activity: 1162

Merit: 252

for investors they are restricted because they only target sales in a few countries so they make some countries not allowed to follow, regulatory issues also have little effect

in the case of bounty hunters, it is almost like a point to add to it, usually because they feel that in certain countries, many are cheating so that it harms their side and that makes it prohibited and also they usually target to make communities in certain countries so that restricted rules are enforced.

Tipstar

sr. member

Activity: 1848

Merit: 298

Buzz App - Spin wheel, farm rewards

Quote from: TheBusstop on August 27, 2019, 08:31:03 AM

I though that cryptocurrency is Meant for everyone. i thought that one of the reason is to create a decentralized system. for everybody on this planet in need to fight of the centralized economic system.

1;WHY Do we have projects that places restriction for investors from certain regions.

2;Why do some project owners ban some regions from participating in the Marketing campaigns of their project but Rather allows such people to invest in their project.

Well the first question is understandable but still Not clear to me BUT THE Second, is apt.

Most of the restrictions are to evade the strict jurisdiction of that country which bans ICO or have strict laws to follow. For example banning USA.
Some are to evade countries that are being sanctioned by the country of project's jurisdiction.
And some are just to exclude unnecessary hassles.

whatthesith

copper member

Activity: 301

Merit: 10

simply getting the job done

Recently, I received an email from Brave Browser that also they are going to restrict some countries, so we will not get ref rewards from people from these countries. Real decentralized solution for digital advertising?

jostorres

hero member

Activity: 2534

Merit: 586

Quote from: shinratensei_ on August 29, 2019, 10:02:43 PM

1. Some countries have declared if crypto didn't meet all of the regulations that already applied in those countries. These countries were also prohibiting its investors to participate in any investment that can't fullfill the requirements to be called as an investment based on its regulation. Rather than putting the investors in the risk and icos have been deciding to ban those countries.

2. The marketing participants will be paid by the shares of the company ( i can't call that as nonsecurity coin considers about it has no utility usage). this is having the same definition just like an investor who is exchanging its effort to get paid by the shares from the company. This thing was also prohibited by some countries.

I believe that those requirements will simply be requirements that will ensure that their investors are well protected and I think that the major requirement would still, l be the data protection that the exchanges are clinging on, they initially do not want to accept the enforcement of KYC on their citizens, but we can see how they have finally come down to the level of government.

I am sure that one of these country is US, they must have really been hard on some of these exchanges as regards their KYC, and I think it is this reason that is making binance now to separate account of US citizens in other to follow the rule of US concerning their citizens participating on anything regarding investment on the exchange and I think this will only succeed in turning this whole system to a centralized one.

hongus

full member

Activity: 736

Merit: 100

Adoption Blockchain e-Commerce to World

I think that in countries there is protection for investment, that’s all. And they don’t want to get involved in too complicated laws. Or just escape responsibility. Say most of the projects cannot receive money from US citizens.

wedosgibas

member

Activity: 535

Merit: 33

here we go

1. Depending on the laws in force in certain countries, cryptocurrency is a free investment, some countries do not support it.

2. The reason is actually personal to them, or some bad experience related to marketing participants from that country (cheating or other).

xmonkeyx

member

Activity: 658

Merit: 11

CRYPTO WEB3 NEOBANK

Quote from: TheBusstop on August 27, 2019, 08:31:03 AM

I though that cryptocurrency is Meant for everyone. i thought that one of the reason is to create a decentralized system. for everybody on this planet in need to fight of the centralized economic system.

1;WHY Do we have projects that places restriction for investors from certain regions.

2;Why do some project owners ban some regions from participating in the Marketing campaigns of their project but Rather allows such people to invest in their project.

Well the first question is understandable but still Not clear to me BUT THE Second, is apt.

One of the reasons that I know from a lot of news is because of legal reasons. Therefore, the government of the country considers the presence of crypto can make the country's economy have a negative impact.

eagleman

hero member

Activity: 1190

Merit: 504

Quote from: Bitbtc8 on August 30, 2019, 07:29:20 AM

Quote from: eagleman on August 30, 2019, 07:22:04 AM

Op has replied to some of his bounties but didn't replied to this thread so I guess he missed this thread already and forget about going back to the discussion.

If there are projects like that, they probably have their own reason but they have to explain and justify it why.

For example VODI X project put restriction on United States and the project is an asian project still i don't see any reason why they did this,its an decentralized Ecommerce Ecosystem based project for jobs creating and so on,the restriction is useless to me

Did you get any chance of asking the developers on why they did that?

It's also a questionable thought for me but it's better to get a clear insight on why they have been doing that. Maybe they just prefer a usual pool of investors and marketers that's on different category.

Nnuego

jr. member

Activity: 266

Merit: 4

It gets me confused at times, while some crypto project are not meant for USA citizen even though crypto is legal in the country. Is it all about the tax they are been charge of

wendiar19

full member

Activity: 470

Merit: 102

Quote from: TheBusstop on August 27, 2019, 08:31:03 AM

I though that cryptocurrency is Meant for everyone. i thought that one of the reason is to create a decentralized system. for everybody on this planet in need to fight of the centralized economic system.

1;WHY Do we have projects that places restriction for investors from certain regions.

2;Why do some project owners ban some regions from participating in the Marketing campaigns of their project but Rather allows such people to invest in their project.

Well the first question is understandable but still Not clear to me BUT THE Second, is apt.

the purpose of the bounty is to find investors who are investing or interested, but that is impossible if cryptocurrency in their country is not legal ( banned) . I think it's pointless to promotebounty project your friends while in your country cryptocurrency is illegal.

royalfestus

hero member

Activity: 2436

Merit: 516

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Decentralization is no more for all coins and dont be deceived by that. Some countries place restriction by law and their system which prevent some citizens from participating in some crowdfunds, maybe you should find out about yours. If we have cases where investment is allowed and marketing is disallowed you can approach BM and team members of such project, it is rarely seen and such should be criticized.

Bitbtc8

full member

Activity: 1148

Merit: 116

Quote from: eagleman on August 30, 2019, 07:22:04 AM

Quote from: rosezionjohn on August 29, 2019, 02:22:09 PM

Quote from: eagleman on August 27, 2019, 06:18:56 PM

Quote from: TheBusstop on August 27, 2019, 08:31:03 AM

2;Why do some project owners ban some regions from participating in the Marketing campaigns of their project but Rather allows such people to invest in their project.

I'm not aware of this, if for the marketing maybe they already have someone or a certain agency dedicated for the marketing on that specific region. Since they are allowing investors from that region to invest that's the closest possibility that I can think of.

This is one possibility but I still want to know which campaign is this. Can OP drop the name here so we can also check out why the case? They are not paying that much for bounties and I find it unreasonable not add more promoters.

Op has replied to some of his bounties but didn't replied to this thread so I guess he missed this thread already and forget about going back to the discussion.

If there are projects like that, they probably have their own reason but they have to explain and justify it why.

For example VODI X project put restriction on United States and the project is an asian project still i don't see any reason why they did this,its an decentralized Ecommerce Ecosystem based project for jobs creating and so on,the restriction is useless to me

eagleman

hero member

Activity: 1190

Merit: 504

Quote from: rosezionjohn on August 29, 2019, 02:22:09 PM

Quote from: eagleman on August 27, 2019, 06:18:56 PM

Quote from: TheBusstop on August 27, 2019, 08:31:03 AM

2;Why do some project owners ban some regions from participating in the Marketing campaigns of their project but Rather allows such people to invest in their project.

I'm not aware of this, if for the marketing maybe they already have someone or a certain agency dedicated for the marketing on that specific region. Since they are allowing investors from that region to invest that's the closest possibility that I can think of.

This is one possibility but I still want to know which campaign is this. Can OP drop the name here so we can also check out why the case? They are not paying that much for bounties and I find it unreasonable not add more promoters.

Op has replied to some of his bounties but didn't replied to this thread so I guess he missed this thread already and forget about going back to the discussion.

If there are projects like that, they probably have their own reason but they have to explain and justify it why.

Soberb

jr. member

Activity: 276

Merit: 1

Cryptocurrency is not for everyone. Some countries have banned it. So bounty projects are restricted from selling their tokens to the citizens of particular countries due to the law of the country in which such projects are registered. Such projects have to follow the Law, rules and regulations of the particular country.

cherryganda

full member

Activity: 728

Merit: 131

Quote from: Mrcharles on August 30, 2019, 05:55:07 AM

Bounty restrictions could be necessary Inorder to focus on a particular region. Some projects are concerned about a particular market and want only bounty hunters from that region to promote the services. This could be the reason for the restriction of bounties.

That will do on social media and some promotion like telegram to keep the language in region.
Though as bounties which has signature campaign and article. I believe that the restriction is coming from Country government decision.
There are some country which KYC is strictly illegal, there are some which dont welcome crypto. this is one of the main reason why they dont welcome some hunters coming from that region to participate as they will not get any payment at the end.

Mrcharles

copper member

Activity: 336

Merit: 5

Bounty restrictions could be necessary Inorder to focus on a particular region. Some projects are concerned about a particular market and want only bounty hunters from that region to promote the services. This could be the reason for the restriction of bounties.

charlop24

copper member

Activity: 560

Merit: 2

I believe the reason why there are regional restrictions on bounties are not far from the fact that the individual regions has some set down rules which the project does not want to go against. One of the most famous caveat on tokensale is the restriction of countries like China, USA etc.

Novatech8

member

Activity: 700

Merit: 27

Sovryn - Brings DeFi to Bitcoin

Do not promote bounty projects with regional restrictions because one way or the other they will end up facing adoption problem,many investors will be left out of the ICO or IEO sales and the awareness will be so low too,the projects that took this path in the past are no where to be found,they are not dead but only very few knows they exist

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