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Topic: Bounty hunters risk on ERC20 tokens in ICO - page 4. (Read 10496 times)

sr. member
Activity: 1270
Merit: 254
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I will not participate in the bonus campaign that they can lock my token. Bounty hunters give up their efforts to earn rewards and they deserve to decide how to spend.
I think that the solutions to freezing tokens from bounty are correct - because, as a rule, many bounty hunters sell their coins at a lower price and this decision making bad things for all participants of bounty and investors too
member
Activity: 442
Merit: 10
I will not participate in the bonus campaign that they can lock my token. Bounty hunters give up their efforts to earn rewards and they deserve to decide how to spend.
sr. member
Activity: 1988
Merit: 453
I still don't know how 1% or 2% of the total tokens in circulation can have a big influence on the prices. The bounty hunters wait patiently for many weeks to receive their tokens. And if they can't sell their tokens even after waiting this much, then it is going to be very unfair. Fortunately I haven't participated in any bounty campaign for more than a year now. And I am glad about that. Nowadays bounty campaigns have become more and more exploitative.
full member
Activity: 1498
Merit: 129
Honestly, I have not heard this yet, maybe such situations really happen. I need more information before I can make certain conclusions. But in any case, thanks for such information.
Probably you are still new to the technology. Token created that is ERC-20 compliance give the dev advantage of locking anyone token incase they want to do that and that is exactly what the op is explaining. I have seen and witnessed this in the past and currently, a security token called 'CYBER' had made it clear that hunters token will be locked for some months after delaying the token distribution for more than 6 months. I have also participated in ERC-20 token that is called ICONIC. they also locked the bounty hunters token for 1 year but they ran away after 6 months Grin
full member
Activity: 1498
Merit: 129
This is one of the trending risks of participating in bounty hunting this day. The most annoying thing is that most dev will not tell you this until the token sales are over and you start to hear different views most especially from some hungry investors, talking and looking down on bounty hunters. Like I used to tell many of them, not all bounty hunters are hungry and the fact that you lock bounty hunters token does not mean it will not get dumped. Many investors make contributions with huge discount, so they can also trade and dump their token.
sr. member
Activity: 1022
Merit: 264
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?

Thats why read the whitepaper before participating in bounty . There is plenty of bounties that does not state the lockup or freeze period on tokens . But if you take a look at whitepaper then usually Founders and bounty participants along with advisors got token lock .
copper member
Activity: 448
Merit: 14
Honestly, I have not heard this yet, maybe such situations really happen. I need more information before I can make certain conclusions. But in any case, thanks for such information.
sr. member
Activity: 1876
Merit: 259
I have experienced the same thing but with a different situation where the project team promised to register their altcoins a year later to be registered on several exchanges but as a result they now disappear and all of their social media are no longer active.
if the rules change after the ico sale ends, they are not confident about the project they are working on.
full member
Activity: 1582
Merit: 101
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?

Actually i don't think so at this time. As eth and BTC price is going up so that ERC20 tokens price going down. It is normal graph of market. On the otherhand every company/team mush think about their reputation so that when bounty tokens go wallets price may dump as hunters sell at a time. So team think coin will give turn by turn so that price will not dump. In this way team and hunters both will be benefited.
sr. member
Activity: 1193
Merit: 251
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?
You correctly wrote that the blocking of accounts is due to the fact to the participants of the bounty did not begin to massively sell their tokens.Because of this situation, many investors refuse to invest.Bounty participants should understand this.
member
Activity: 686
Merit: 11
Really? I do not have any fore knowledge of this in the slightest premise. I hope i won't fall into a likelihood project,  cos that's too bad. Such projects should be flagged over under every circumstances available.
sr. member
Activity: 1330
Merit: 326
This could probably be the same of being scammed by the ICO team. After giving high hopes that bounty hunters can finally trade it, they will hold back and locked it. What a waste of efforts and time from the hunter. I just realized now that any kind of exploitation is possible. And I agreed that not all ERC20 tokens are worth the time and promotion IMO. Sometimes, the team also closes the mode of contact to them like telegram to prevent questions from the bounty hunters.
member
Activity: 812
Merit: 11
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 think the developers team have their own consideration why the lock token in certain time. But i think thats for good thing. I am not worry if the token locked in certain time as long the developers team always active and give new information about the project
full member
Activity: 952
Merit: 104
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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 don't know why they do this but maybe they want their investors to trade first before bounty hunters do. I also have tokens which is locked by the project admins and right now the price of their tokens are dropping in the market yet bounty hunters still cannot trade due to token locked.
full member
Activity: 1176
Merit: 104
That actually depends on the team. Well, some will do that but some will only do it just for the sake of their investors. But in bounty hunters standpoint they should announce it before starting the bounty or at least give 50% at first to help the volume and thanking its promoters.
full member
Activity: 1260
Merit: 100
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.
member
Activity: 672
Merit: 12
Topstarter raised an interesting concept. I think that such a lock can only be in rare cases during critical events, for example, any attack on blockchain \ token.
The lock for bounty hunters is at once biggest drawback to the project’s reputation.
hero member
Activity: 1820
Merit: 515
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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?
If you are agree to get payments in the premined cryptocurrencies then you can't do anything about it because they have all control over the currencies they can. So there is no no way to get rid of it unless bounty hunters avoid token payments for their bounty program.
Start ignoring the bounties with token and make demand for the bounty hunters in the Bitcoin talk then only people will create new kind of rules for bounty hunters which favours bounty hunters.
legendary
Activity: 2982
Merit: 1028
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?
Tokens are blocked for a certain period of time and I believe that this is correct, because bounty hunters will not be able to influence the price of the token at the initial stage of trading.
Is it a logical solution by the team? I doubt bounty hunters will not dump the bounty rewards after the locked period. There is no good reason to hold the ERC20 tokens for a long time due to possible price fluctuations by the market.
Bounty hunters are aiming for much better value of their works, so there's no doubt when the token already been listed high chance that the hunters
will dumped it over, if the developers find this as a new way to avoid massive dumped they will do everything that they have in order to make some
control out around the market, no chance for hunters to complained as team have the power.
sr. member
Activity: 679
Merit: 254
It may seem unfair to bounty participants, but sometimes bounty hunters sell too early tokens resulting from participation in the bounty. So that the price of the token decreases when the token is listed on the stock. So locking tokens, of course there is a purpose and purpose. Unless it's locked forever, it's something that is very unfair.
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