Bounty hunters risk on ERC20 tokens in ICO - page 2.

kodtycoon

legendary

Activity: 1568

Merit: 1002

Quote from: aioc on June 15, 2019, 09:12:31 PM

I don't know if everybody knows this, but there is now a risk in getting involved in ERC20 based ICO, and that is they are locking bounty hunters rewards after they've sent it to their bounty hunters,

So even if the coins are already sent to your wallet you really don't own it, because they can lock it anytime at their whims that's what happens to Dexage and Liker, they sent the tokens to their bounty hunters then lock it, so they will not dump, and will only unlock it maybe after they dump all their shares and run away.

what's your take on this bounty hunters?

it is something that is unfair and must be resolved immediately, but if the token is still not listed in an exchange i think it can still be said to be reasonable and maybe they will open the key after the token can be traded in an exchange

travwill

sr. member

Activity: 1313

Merit: 278

As a rule, coin blocking has its own reasons. Of course, it is not always nice if the project changes the rules on the go. However, if you are upset that you could not sell scam coins before their creators, then I feel sorry for you.

armanhusni

full member

Activity: 644

Merit: 100

Quote from: aioc on June 15, 2019, 09:12:31 PM

I don't know if everybody knows this, but there is now a risk in getting involved in ERC20 based ICO, and that is they are locking bounty hunters rewards after they've sent it to their bounty hunters,

So even if the coins are already sent to your wallet you really don't own it, because they can lock it anytime at their whims that's what happens to Dexage and Liker, they sent the tokens to their bounty hunters then lock it, so they will not dump, and will only unlock it maybe after they dump all their shares and run away.

what's your take on this bounty hunters?

has happened a lot as you have said ... this is a problem that is often faced by bounty hunters .. so before we follow the bountie project, we must pay close attention and care so that we don't get events like coin liker and dexage ... harming our time and hard work while joining the project ... looking for projects through a trusted bountie manager in the bitcointalk forum ..

Emitdama

sr. member

Activity: 1922

Merit: 328

Quote from: fosco333 on June 16, 2019, 08:55:52 PM

Quote from: aioc on June 15, 2019, 09:12:31 PM

I don't know if everybody knows this, but there is now a risk in getting involved in ERC20 based ICO, and that is they are locking bounty hunters rewards after they've sent it to their bounty hunters,

So even if the coins are already sent to your wallet you really don't own it, because they can lock it anytime at their whims that's what happens to Dexage and Liker, they sent the tokens to their bounty hunters then lock it, so they will not dump, and will only unlock it maybe after they dump all their shares and run away.

what's your take on this bounty hunters?

They are locking the token because they want to prevent dumping price after distribution.
But actually the cause of dump not always from bounty hunters. So, i think this method is not effective.
To prevent dump, the team need to create more demands of their token.

I term it has wickedness on the part of developers to bounty hunters, pure wickedness I mean, because there is really no correlation between hunters tokens and why their coin or projects fails. Let these developers do the math themselves and see the ratio of what their investors hold and what bounty hunters held, if they are truthful to themselves, they will see that it is really not significant to cause any form of dumping at all to them.

If there is any of their policy they need to work on, which is the major thing casing these dump, is the bonus policy to their investors, those bonuses are just too much, and really needs to be caught down.

Fedrey

member

Activity: 644

Merit: 10

if Bounty Hunters receive their rewards, But these tokens are blocked, then there is nothing to worry about. The main thing is that the project develops. These coins are in a good price category in the village. And then it will be possible to sell or trade them. Why now unlock these coins, if they practically do not have a decent price.

abuhazzan

jr. member

Activity: 72

Merit: 1

While I feel the pains of bounty hunters whose tokens are locked, I guess I respect the decisions of the team too. You see, they have got to protect the interests of their investors too. And most importantly safeguard the price of the token from falling below reasonable threshold.

Yes, bounty hunters may be pained but if the project is a solid one, then no need to fear, for later in the end, you are still going to cashout.

That's called delayed gratification

royalfestus

hero member

Activity: 2464

Merit: 519

this cases of locked ERC20 tokens are fewer than raising eye browse. I also dont think not only bounty hunters are victims of the lock. It is disheartening to see team raise fund and decide to lock people's fund compulsorily because they want to make profit without the hunter. There is no reason that justifies that. Bounty hunters and managers need to work together than ever

nikola22

full member

Activity: 1316

Merit: 105

usually projects warn about such possibility but locking the tokens will only do good things for the holders as they don't sell them immediately.

anatolij.shishkin

copper member

Activity: 995

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And other projects simply assign payment within 2 years. And what will happen to this coin in 2 years? Such projects are fraudsters. Nothing more.

Rasa nanas

full member

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Quote from: ahmed04 on June 19, 2019, 11:06:39 AM

I think you're panicking for nothing. Now is a very good time to participate in bounty programs. Since the whole market raises the price. Today, it is profitable for projects to be listed on the stock exchange. Not to worry.

I have not seen this now, there are still many bounty hunters who have not obtained their rights. in my opinion this is not a good time, but the situation is far better than in early 2018.

sana54210

legendary

Activity: 3346

Merit: 1128

Quote from: ?? on ??

Wow, That is crazy.... Until now I never participate in the bounty campaign with that rule.
I hope this type of project will dead. Because , It is unfair for bounty participants.

Watch and see that it will be a matter of time before the new projects join in spreading the disease too. See how KYC started, we only had few projects and exchanges that were imposing in it when it started, but right now, virtually every projects do request for KYC including sections too, to the extent of demanding KYC from bounty hunter.

There is no way other projects will not start locking hunter’s token too with their made belief that hunters are the ones dumping their coin, and the thing is that, most of the ones that locked hunter’s token still end up becoming a shitcoins after the main dumpers who happen to be the investors strike the market.

Farma

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Leading Crypto Sports Betting & Casino Platform

I think it depends on the rules of the project in question. things that are done outside the rules they make themselves will reduce the trust of investors, and their supporters. well, but no doubt, some projects always lock the tokens they send on bounty hunter wallets for some time. well, that is also the risk of becoming a bounty hunter.

rachman mahesa

full member

Activity: 966

Merit: 111

Quote from: Absolutep on June 20, 2019, 12:49:12 AM

Actually, some dev and team are doing that just to control the price of the coin and most times is for the good of the project and for the community but knowing that some are doing that just to dump their own share and run away is a bad thing to the crypto community at large.

If the goal is for stable prices, of course that is a good goal. Because most after locking tokens, instead of a good price even the price is a severe dump. That proves not a bounty hunter which results in a price dump. But people have lots of tokens which result in dump prices. With the locking of tokens for bounty hunters this is actually not a good step.

Absolutep

jr. member

Activity: 434

Merit: 2

Actually, some dev and team are doing that just to control the price of the coin and most times is for the good of the project and for the community but knowing that some are doing that just to dump their own share and run away is a bad thing to the crypto community at large.

Docbee

full member

Activity: 822

Merit: 100

This new method of depriving bounty hunters their reward is really frustrating, six month isn't a long time but the problem here is the team, this type of action is favourable to hunters if the team is real and they aren't planing on abandoning the project after dumping loads of their token.

ahmed04

sr. member

Activity: 588

Merit: 250

I think you're panicking for nothing. Now is a very good time to participate in bounty programs. Since the whole market raises the price. Today, it is profitable for projects to be listed on the stock exchange. Not to worry.

tins

hero member

Activity: 882

Merit: 500

Quote from: cak imin on June 17, 2019, 11:42:41 PM

Quote from: Xampeuu on June 17, 2019, 11:37:49 PM

I think this is one of the risks of a bounty hunter. sometimes we analyze the project well, but eventually the project ends badly. many tokens are locked and limited in time, so the bounty hunter can't trade it. if it's like that, it can only surrender

I think we all know it all. and it is true that you say it is a risk of a bounty hunter. now it all becomes a gamble that pits our luck. get paid or not, we have chosen to join, and we must accept all the risks.

I see many people focus on making money from bounty, it is true that we have put effort into investing in campaigns. However, in my opinion, don't rely too much on bounty, it's simply a lucky game. If you're lucky, you can earn a lot of money

sempak

hero member

Activity: 1638

Merit: 505

Rarely when bounty participants have been distributed have token locking. what language is usually explained. like waiting for an exchange to avoid exchanges outside the team's submission. this is a good goal

llecrf

jr. member

Activity: 420

Merit: 1

A good project and a good development team don't need to lock tokens to avoid dumps or do you want to cheat everyone, I am very worried about this, when the market is bearish in 2018 I still believe in projects that lock tokens to avoid dumps, but if at this time it happens, I think this is not a matter of the price of the token, but the developers are not ready to accept the risk after the project completes the ICO and is not successfully registered in the crypto exchange

davinchi

legendary

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Quote from: mr.robot8 on June 16, 2019, 03:32:39 AM

actually it is not a good thing for the bounty hunters, this would mean a further wait before being able to monetize their work and with the uncertainty of the price in the long term, i hope that not all the ico will adopt this system

They better not really adopt this system because It will discourage people like me completely about ICO, and one thing this guys need to start seeing is that, they are paying hunters salaries, why would an hunter work and not be entitled to his money at any time they pay, is it a must that hunter a to join investors in holding as investment.

This is really crazy and these developers are just having misplaced priorities. There are other things that need to be tackled concerning their project than chasing after hunters who are not the one that is making their price dump. People generally only invest in their project to get profit and leave, not to hold it for long term.

Topic: Bounty hunters risk on ERC20 tokens in ICO - page 2. (Read 10516 times)