Bounty hunters risk on ERC20 tokens in ICO - page 3.

BeManga

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Quote from: aioc on June 15, 2019, 10:12:31 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?

its good for me that i didnt discover that campaign before
it they tell it during the campaign it will discourage bounty hunter to pariticipate
the bounty hunter work for it and its not right for them to lock the token

xsantana

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Quote from: aioc on June 15, 2019, 10:12:31 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?

That usually occurs in projects that fail to launch the exchange. But they already have tokens and these tokens have no price value

guoyu78

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Activity: 1190

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Quote from: aioc on June 15, 2019, 10:12:31 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 would have actually being the best strategy if it is being done by a good company, and not only hunters too, they should also lock certain percentage of investor’s shares too because that is where the major dumping usually comes from and not from hunters. I don’t see this tactics working for too long, because people are known to always abuse things, and before you know it now, bad projects would hijack it to still scan hunters and people like you described in your post.

I don’t think they should implement this policy at all, because it will only end up working against them as hunters will completely be shunning any ICO projects that they see now, this is exactly what will bring the end to ICO if they do not take care.

ridha inoue

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Activity: 504

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Yeah i agree with you.
Erc20 bounty have a big risk to join.
If you take some research with erc20 bounty projects in 2018 almost of all is scam project.
Now if there is bounty erc20 i will never take that.

taguig

copper member

Activity: 479

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Ilker for the third time in a row refused to unlock their token for bounty hunters, now they are not giving any date for the unlock so there is no chance now for bounty hunters to trade their token wasted time and energy.

YUou can help bounty hunters by helping me flag this scam project
https://bitcointalk.org/index.php?action=trust;flag=231

zikzag

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Minter

I have Liker tokens and they have been blocked for a long time. When this company held bounty, they did not speak about any blockages.

thesmallgod

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I just see it as complete hunger for more promotion by providing a huge token for hunters that they will eventually lock or will later reduce. Many projects lack sincerity to bounty hunters and I believe some wise hunters now are not only joining bounty because of reward but for other factors such as this. Many ERC-20 tokens always end in deep shit and 99% of the project always like to be ERC-20 because of the cheap cost of making the smart contract.

cak imin

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Quote from: Xampeuu on June 18, 2019, 12:37:49 AM

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.

Chika08

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Quote from: aioc on June 15, 2019, 10:12:31 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?

I will not call that risky and I will not say it's ideal as well. Although I have not come across such projects who will lock my wallet from sending it's token but I know a particular smart contract can be lock. I also know that bounty token can be locked if it's on a single wallet before distribution or the entire smart contract is locked and not locking individuals wallet after token has been sent. If that can happen, then why can't the team lock a scammer or hackers wallet?

Xampeuu

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Quote from: [email protected] on June 18, 2019, 12:30:34 AM

I don't think that ERC-20 or ICO is risky for bounty hunters. it all depends on how you choose the really good project. we can see the ICO ERC-20 token is also very good. even BNB token start from ERC and they develop their projects and make their own blockchain.

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

[email protected]

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I don't think that ERC-20 or ICO is risky for bounty hunters. it all depends on how you choose the really good project. we can see the ICO ERC-20 token is also very good. even BNB token start from ERC and they develop their projects and make their own blockchain.

Tylev

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Activity: 854

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We now lack government regulation of the ICO. Indeed, the ICO teams now do what they want. This should not be. We need clearly defined rights and obligations of the parties. In civil law in general, there is no such that one of the parties declares that it can change any rules of the agreement at its discretion. This actually means there are no rules for this party. This contradicts the logic of transactions. The state should eliminate this.

Koadharber

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Quote from: khiholangkang on June 17, 2019, 09:36:11 PM

Quote from: aioc on June 15, 2019, 10:12:31 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?

locking the token bounty is usually planned from the start, and we as bounty participants should already know that and that is a natural thing in my opinion not need to be worried because many projects like that now

We see many projects nowadays that is locking their tokens if they distribute it to their participants because they want to avoid dumping of tokens and they want to protect their investors,but remember not all the time bounty participants dump their tokens there are investors and members of the team dump their tokens also,and we cannot avoid worrying if the projects not make their promise and changes their rules because of their own interest.

coin-investor

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Leading Crypto Sports Betting & Casino Platform

Quote from: khiholangkang on June 17, 2019, 09:36:11 PM

Quote from: aioc on June 15, 2019, 10:12:31 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?

locking the token bounty is usually planned from the start, and we as bounty participants should already know that and that is a natural thing in my opinion not need to be worried because many projects like that now

I don't think the two coins mentioned that locked bounty rewards coins are not planned at all, they locked it after the bounty was finished and already distributed if there were plans to lock it after the bounty, no bounty hunters will participate on that campaign, they are not being truthful.

joromz1226

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Quote from: aioc on June 15, 2019, 10:12:31 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?

Because they are thinking that bounty hunters is the main reason to dumb any coins in the market every time there is a new token project that has been done. Although, it's not the right thing to do to their participants, it is actually unjust and they've became dictator for the bounty hunters according to my analysis.

khiholangkang

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Quote from: aioc on June 15, 2019, 10:12:31 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?

locking the token bounty is usually planned from the start, and we as bounty participants should already know that and that is a natural thing in my opinion not need to be worried because many projects like that now

tabas

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Aside from KYC so they have this kind of rule of locking the bounty rewards that they have distributed. In my opinion, they shouldn't do this, let the bounty hunters decide whether they want to sell or keep their coins. But I think the devs are protecting their investors instead of assuring the payment for their bounty hunters, they get nothing from their bounty hunters after participating to their bounty and they were already paid then so it's no longer an issue for the devs and they won't care about it.

Raymondavid47

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Activity: 546

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This is something so many projects have done and some are planning to do it. CURES is locking Bounty hunters token for one year after token sale and COTI is locking Bounty hunters token for 6 months after holding token distribution for Bounty hunters for 1 year. This is a terrible thing in the crypto world and we need new ideas to fight this menace.

Xalata

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Most ICO's have now resolved to locking bounty tokens for a specific period of time to prevent bounty hunters from dumping it. This is not fair to hunters because they spent so much time on promoting projects only to wait for another long time before they can enjoy their rewards.

mulia sabee

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Quote from: aioc on June 15, 2019, 10:12:31 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?

each project has its own sales strategy ... so that the price of the token that has been registered in the market does not fall in price ... the CEO will lock the token for a while and will reopen when the price has stabilized and reaches the target ... because the bounty hunter is very known as "dumpers" ... so a lot of tokens are being locked by the CEO so that there is no dump of prices ...

Topic: Bounty hunters risk on ERC20 tokens in ICO - page 3. (Read 10484 times)