Can an Escrow be a guarantee? - page 4.

kidbounty

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Quote from: mirawantirinjana on February 11, 2019, 12:08:37 AM

I saw a project and on that project I did not see the team and DEV from the project. however they use Escrow with good positive trust, can it be a determinant that the project will not be scam?

yes it can be one of the determining indicators that the project is good or not. by using escrow we can be a little safer because the funds are not held directly by the team but are held by someone else. but there are only projects that already use Escrow but not as expected. when the project was finished ico they seemed to work not according to the roadmap. so there are no developments that can be felt by investors.

Blockfolioz

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There are trusted escrow service providers in our forum. Contacting them can get the best deal and these escrow service helps the buyer and seller the assurance on the trade and exchange of services. A very minimal amount will be charged for the service and there are free service providers as well.

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Quote from: mirawantirinjana on February 11, 2019, 12:08:37 AM

I saw a project and on that project I did not see the team and DEV from the project. however they use Escrow with good positive trust, can it be a determinant that the project will not be scam?

Having an escrow does not always mean that the project won't scam. You will find tons of threads where people accused other teams for scamming even with a escrow present (at the past). Its more like they build trust first, they hire escrow and pay people to show that they are legitimate. Once people start trusting them, boom!, they end up scamming. As long as there is an escrow they won't be able to scam, but they always can scam later.

aprilnot

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I think it can, this is actually one way to eliminate scam projects. This should encourage all new projects that want to start ICO using Escrow. by using that the funds are not directly held by the development team.

mahilchii

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Quote from: makerst on February 28, 2019, 10:04:01 AM

There are simply no guarantees and they simply cannot be. How can you still not understand this. Everything is very simple and very clear. In this market today there are no regulations that would guarantee us full success today. Therefore, we do not have big investors.

Exactly, when it comes to crypto you have to forget about guarantees and warranties, all you need is knowledge about the project and patience that it. Sometimes even the top coins go down without a reason, You need to be ready to face anything in this. If you think it as a risky one then yes it is.

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Quote from: mirawantirinjana on February 11, 2019, 12:08:37 AM

I saw a project and on that project I did not see the team and DEV from the project. however they use Escrow with good positive trust, can it be a determinant that the project will not be scam?

not entirely true because escrow could be a scam, so don't trust it too much. but we must appreciate projects that use escrow because this indicates that they really want to maintain investor confidence.

wxganz

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This absolutely does not prove the fact that the project can not be itself. Because it's not enough. The most important thing to pay attention to the degree of readiness of the product and to work with the community. If these factors are positive. You can safely invest in such a project.

No Pain No blood

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maybe, but now it's hard to find projects that use escrow. if they want to use escrow, maybe ico can do better. but escrow is not a guarantee because escrow can also be a scam. if you want to use Escrow you must have a good reputation.

dabenko

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Why should people invest in a project that is not revealing its team? What is the essence?
Using escrow is not the solution. Even if they do not run away at the beginning, it might happen at a stage that you do not expect and by then, they would have taken their profits.

chip1994

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Escrow? You're going to invest in an ICO project or you're just going to join their bounty campaign? Cause as I know they only use Escrow to hold their fund for bounty campaign that will make their bounty campaign more trustworthy. But if you're going to invest in an ICO project so you should stay away from it cause an ICO project without dev team is not trustworthy.

Apes

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if it's a bounty run by the manager and the funds have been escrowed to the trusted party. I think that's a good start. but like other say in this thread. You must be careful because there are many modes used by scamers to deceive bounty hunters and even investors. if the payment has been transferred in the form of a token it is also not a guarantee. It could be that it's shitcoin. if the funds in Escrow in the form of BTC or ETH are very good. just give a link..

billy.ryoko

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No, the Escrow only can protect you receive the token or the coins after the ICO, but no one can guarantee this is the real project, you will receive the coins, but I think this is the shit coins without the project and the team, it maybe the scam, so stay away about this project.

belli4388

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a trust escrow does not mean that an ico can not fail , it means that the funds, the investments are safe and that if the project should go wrong they will be returned to the investors,however, the various devs of a project should put photos and public names

Tipstar

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It would be difficult to reach in a conclusion unless you have proper details.
I don't think a full escrow for an ICO of a new company would even be possible.
There are many other ways of increasing the transparency and accountability of an ICO and escrow is just one of the factor.

makerst

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There are simply no guarantees and they simply cannot be. How can you still not understand this. Everything is very simple and very clear. In this market today there are no regulations that would guarantee us full success today. Therefore, we do not have big investors.

dirgayeah

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Not every project with hidden team and dev are scammer. There's some loyal project stay behind the mask and still active and care with the community. So they are doing escrow with reputable escrow agent to prove us that they are serious.

NewRanger

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Quote from: Thanasis on February 28, 2019, 08:37:07 AM

Quote from: ethereumhunter on February 23, 2019, 02:15:20 PM

As long as Escrow agent has a good reputation and the Escrow agent holds the money, I think the participants don't have to worry because they still get paid even if the project will scam in the next weeks. Using an Escrow is a must if the project wants to make the participants believe if their project is good and it could be a guarantee too for the participants. So if you're going to participate in one project, try to search for the Escrow so the payment will not have any problem.

But their work is to just hold the token and distribute tokens to the bounty participants so which doesn't ensure the quality anyone can hire an escrow and created useless token to distribute so people investing on those projects are really wasting their money.

that's wrong dude.we need really trusted people to hold and distributing token.not everyone can maintain trust from other people.moreover if they hold huge amount.if they could do this till end periode we could call them trusted escrow.

Thanasis

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Quote from: ethereumhunter on February 23, 2019, 02:15:20 PM

As long as Escrow agent has a good reputation and the Escrow agent holds the money, I think the participants don't have to worry because they still get paid even if the project will scam in the next weeks. Using an Escrow is a must if the project wants to make the participants believe if their project is good and it could be a guarantee too for the participants. So if you're going to participate in one project, try to search for the Escrow so the payment will not have any problem.

But their work is to just hold the token and distribute tokens to the bounty participants so which doesn't ensure the quality anyone can hire an escrow and created useless token to distribute so people investing on those projects are really wasting their money.

vixcious

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Quote from: mirawantirinjana on February 11, 2019, 12:08:37 AM

I saw a project and on that project I did not see the team and DEV from the project. however they use Escrow with good positive trust, can it be a determinant that the project will not be scam?

If they had a large margin enough to make people invest, why didn't they show up and disclose their information?
Why do they have to hide their information? all are just an excuse and they are trying to lure new investors. It is a scam and you should not invest in it.

ifightformerkel

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The project team is a key criterion when selecting a project. You can have a great idea, but without good specialists you will not be able to implement it. Therefore, if I do not see the development team and evaluate their skills, then I will bypass such a project.

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