Bounty hunters risk on ERC20 tokens in ICO - page 5.

kak uli

full member

Activity: 1246

Merit: 103

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?

in my opinion this kind of problem has happened very often and experienced by bounty hunters who have to accept disappointment with gift managers and also for ICO developers ... my personal experience is also often experienced by ICO teams and developers running away without thinking of investors and bounty hunters has helped make ICO successful in their own way ...
so for bounty hunters you have to be more precise and careful in having a gift campaign project that you want to follow ...

panjay

sr. member

Activity: 1079

Merit: 352

they usually state that rule before, either in the whitepaper or in bounty thread. Well, it doesn't matter though, they have a magic word that can change the entire rule or whatever they please that involve bounty, the one rule that said " we can change any rule/rewards as we see fit" yeah something along that line.

aioc

hero member

Activity: 2926

Merit: 567

Quote from: halpi on June 16, 2019, 08:44:40 AM

my only take is: how did you manage to get Hero Member here?
lol, I really like the idea of locking, because usually, it is fisically not possible to gain power and attention in ICO time, that is usually 4-5 month.
Instead of dumping the price, funds are locked.
If you were familiar in crypto, you should know that most of tokens that were sold to private investors are locked and unlocking by percentage term by term

You are such a big idiot you are the only one who likes the idea of locking the thread even ICOethics some legendary member here do not like the idea of locking the token it's deceiving people because in the first place it's not in the rules they just unlocked it after the bounty, this deceiving bounty hunters

https://bitcointalksearch.org/topic/resolveddxg-is-scamming-bounty-hunters-by-locking-bountys-coin-5147507 check this thread

mr_random

legendary

Activity: 1344

Merit: 1001

Quote from: mickey_miner on June 16, 2019, 10:53:17 AM

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?

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. There are not other dilemmas that we should think about.

fapar

sr. member

Activity: 1414

Merit: 270

Undeads.com - P2E Runner Game

Quote from: X-ray on June 16, 2019, 10:42:01 AM

that's why you should take a look at the code that already created by the team. A little knowledge about how to find the backdoor is needed in this case. When you are seeing a code that to create a backdoor to control the token and then move.
that's the risk when you are participating in bounty.

Few people know where and how to look at the text of the smart contract, even fewer people can understand what is written in it. In addition, the banal human inattention. I myself often forgot to check the time of unlocking the token and tried to send the transaction; of course unsuccessfully and spent ETN on gas.

mickey_miner

sr. member

Activity: 910

Merit: 250

Proof-of-Stake Blockchain Network

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?

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.

X-ray

hero member

Activity: 3038

Merit: 526

Leading Crypto Sports Betting & Casino Platform

that's why you should take a look at the code that already created by the team. A little knowledge about how to find the backdoor is needed in this case. When you are seeing a code that to create a backdoor to control the token and then move.
that's the risk when you are participating in bounty.

delarossa

member

Activity: 392

Merit: 12

MINTER

I think it will be same if the bounty hunter get the token locked and they cannot sell that, right? It will be happen the bounty hunter will be sold their token in the same time so it could not be influenced for the price if they are dumped.

pedpedped101

jr. member

Activity: 552

Merit: 1

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

~

You have a good observation OP and I agree with you, because it is part of what have also experienced. Although, I noticed that it happens to 1 among every 10 projects. If it persists and it happens that every other project does the same, then bounty hunters might not take part in ERC20 bounties again. Which means new projects coming up will be the ones to suffer it.

Kaneki11

jr. member

Activity: 209

Merit: 6

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?

This has been going on for quite some time.. I'm surprised most bounty hunters are noticing this now.. well I stopped promoting just any project I come across.. especially those still in their very early stage

Eraldo Coil

member

Activity: 448

Merit: 10

I think they might be doing it on purpose. There is a good chance that something is going to ruin their product or their coin's value. However, the project's team should allow freedom on these bounty hunters because they worked hard for it and they should be able to do whatever they want with their coins.

Bessta

full member

Activity: 560

Merit: 101

I think bounty campaigns must be clear with their rules and not changed it during or after the campaign. And since bounty hunters worked hard for it, they must have the right to do anything with their coins. Dump it or not, it theirs and they should be able to do anything with it. It's bad that these project owners will lock it because the dump may affect their coin.

Reid

hero member

Activity: 3024

Merit: 651

What?! Like a time deposit?
First time I heard of it. That is trash. (I cant find the word to describe it)

First of all, give the bounty hunters what they worked for.
They still made an effort to advertise the campaign or translate it.

Next, if they sell so what?!!
If you are really a successful company then 2 percent allocation for bounties wont really hurt that much.
It is absurd. Better get some good explanation from the company behind it or the team.

PuertoLibre

legendary

Activity: 1890

Merit: 1003

My bet is there will be no BTC paying bounty campaigns in the future. The future of bounty payments are under the big question mark, I prefer to invest my time to other valuable activities than wasting time with no pay bounty campaigns. Instead of paying the BTC, paying in stable cryptos will solve the problem.

CryptoLogo

sr. member

Activity: 656

Merit: 251

www.fintropy.io

Locking tokens is a smart step, but bounty hunters suffer because of this. It is difficult to say how good or bad to use such tools.

r32godzilla

hero member

Activity: 1360

Merit: 506

And could you kindly explain to us where is the risk? You are not risking anything, you don´t need to send ETHERs to a smart contract that will unlock your tokens. Shocked

halpi

member

Activity: 308

Merit: 10

my only take is: how did you manage to get Hero Member here?
lol, I really like the idea of locking, because usually, it is fisically not possible to gain power and attention in ICO time, that is usually 4-5 month.
Instead of dumping the price, funds are locked.
If you were familiar in crypto, you should know that most of tokens that were sold to private investors are locked and unlocking by percentage term by term

Cacingkemi

hero member

Activity: 1484

Merit: 516

I just found out that it was from you, very worried if it happened to all hunters. The risk is always there but it's not just a risk, it's something that I think is very harmful and very clear to be avoided.

Moeda

sr. member

Activity: 1587

Merit: 271

Enterapp Pre-Sale Live

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?

Yes. Their ICO is running, so lock their tokens so that the token holder is currently not selling below the ICO price. The liker is registered in P2PB2B.io. But not for exchange, just selling their ICO tokens there. We hope they really run their project well. Not for scams.

taguig

copper member

Activity: 479

Merit: 11

I'm on both campaign and I hate it for doing this to bounty hunters Liker devs are all liers they promised it last May then move it to June 15 now it's June 17 I will really hate these idiots, if they moved it to last quarter, Liker team are not honest and they are good at lying.

Topic: Bounty hunters risk on ERC20 tokens in ICO - page 5. (Read 10496 times)