Can an Escrow be a guarantee? - page 5.

ifykiki

copper member

Activity: 193

Merit: 1

$martFund

Quote from: mirawantirinjana on February 10, 2019, 11:08:37 PM

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?

Apart from positive trust what other criteria did you follow to figure out the the escrow is legit. This is money business and you have to be careful not to dive into the wrong waters

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

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.

Suslura

member

Activity: 599

Merit: 10

Quote from: zhekinsp on February 23, 2019, 12:19:43 PM

Escrow means they are trusted third party who is holding bitcoin or tokens to pay the participants but they doesn't mean that project is worth to invest since escrow is also hired for doing the job nothing more.

In any case, I’m on the path to Bitcoin storage by many reputable companies, as a great prospect of the entire cryptocurrency market in the near future, as well as in the distant future. And I hope that all this will affect the development now.

zhekinsp

full member

Activity: 882

Merit: 126

★777Coin.com★ Fun BTC Casino!

Escrow means they are trusted third party who is holding bitcoin or tokens to pay the participants but they doesn't mean that project is worth to invest since escrow is also hired for doing the job nothing more.

desticy

sr. member

Activity: 1512

Merit: 292

www.cd3d.app

It may well be that if the escrow service is trusted and has a good reputation, then the coins listed in advance increase the likelihood that everything will be fine with the project, however scammers are very tricky guys and the coin itself may end up being a scam.

hell_slayer

full member

Activity: 728

Merit: 139

Quote from: mirawantirinjana on February 10, 2019, 11:08:37 PM

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?

In principle, escrow is a big plus for the reputation of the project and definitely adds confidence to it, but it is absolutely impossible to guarantee that they will not turn out to be scammers. Escrow can only guarantee that bounty hunters or other participants of the deal will receive the previously agreed remuneration after performing previously agreed tasks.

santiPOGI

full member

Activity: 1004

Merit: 111

Quote from: mirawantirinjana on February 10, 2019, 11:08:37 PM

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?

What is the escrow token/coins? if it is BTC or ETHEREUM then its good.
But if the escrow one is the coin of the project then it is still not a safe one!
why? well anyone can be paid after the bounty, MOYA TOKEN for example, LOONIE also is the one.
All participants are well paid, though they did not continue to EXCHANGES, even the investors left scammed!

Ini35

member

Activity: 448

Merit: 12

Quote from: mirawantirinjana on February 10, 2019, 11:08:37 PM

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 it is not so clear and you cannot trust them using any form of escrow as stated, it is better you go for another bounty that looks clearer to you.
What is the essence of hiding the team, if there is no hidden agenda.
I believe in transparency wen it comes to investing in a project or participating in its bounty. I must know those I am dealing with. Even the escrow in question, you do not know him.

Betwrong

legendary

Activity: 3374

Merit: 2198

🌀 Cosmic Casino

Quote from: hacker1001101001 on February 16, 2019, 02:21:39 PM

Quote from: chipzeru on February 13, 2019, 08:28:03 AM

The project is likely not a scam if they're using reputable escrow, but still there's a possibility for that project to be scam since the project is not showing their team, even with escrow service. But in my opinion, a reputable escrow won't accept the project with non visible team.

Yes, if the Escrow is reputed then it will only accept the team which has the transparency.

I can be wrong but I don't think this is how it usually works. If the Escrow is reputed then the escrowed money will be paid to the participants in compliance with the work done, and the team, even it has bad intentions, can't prevent that. The only bad thing that can happen (and you can never say whether it will happen or not in advance) is the price of the escrowed tokens can decline rapidly after the first appearance of them on the market. But that's technically not a scam, more like just bad luck. To avoid something like this, escrowed funds should be kept in BTC or ETH at least partially, at least 30% of them. Receiving 30% of the expected payment would be still better than nothing.

ynclksnr321

member

Activity: 280

Merit: 10

Unfortunately there is no guarantee in this market. When we look at it taking into account that escrow really makes a lot of sense in this market. I definitely think it should be done.

lavoncoin88

copper member

Activity: 109

Merit: 0

We can't assure, they dont choose a victim even escrow the scammer will not hesitate to attack. If escrow it is better than other campaign, if you say escrow the allocation token is secure that it will distributed to the hunters. The only thing which is the same to the other project is the exchange listing. On that thing dev. Team is one to decided the listing but atleast the token is distributed and the waiting towards fiat is not too long.

Osayo

jr. member

Activity: 294

Merit: 1

Quote from: mirawantirinjana on February 10, 2019, 11:08:37 PM

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?

I wonder how such an escrow will function effectively to prevent a possible scam on the project. The escrow cannot be a guarantee and you must be careful about investing in any project with an anonymous team.

Mmesooma1

copper member

Activity: 150

Merit: 0

Escrow duties are performed by individuals or bodies with high recommendations of trust by both parties. In our otc trade group where we trade btc and altcoins, only individuals with good character and have passed rigorous kyc tests with the group performs escrow jobs

Tamilson

hero member

Activity: 1022

Merit: 503

Quote from: tranquangvinh on February 17, 2019, 01:47:38 AM

Quote from: mirawantirinjana on February 10, 2019, 11:08:37 PM

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 you can't find their team or developer, I think you shouldn't join that project because it's not clear. Now there are many projects that are scams, you should be careful before investing

This is just simple, don't entrust your money to people that are anonymous. Even they say Nakamoto is anonymous and so they are, bitcoin had already prove itself, while their coin/token is still starting. Don't compare their project to bitcoin.

On the other hand, is the middle man is also a member here? You know don't be easily fooled by positive trust since everyone can put a trust to an account so they just look believable.
Finally, you can ask for an escrow address with a signed message.

Pffrt

sr. member

Activity: 1372

Merit: 322

If escrow have a good positive feedback, I think it will not be a scam. In some cases, sometimes, escrow can also defualt and then it might be turned into scam. Is the escrow team consisted of one man, or more than one with multisig? That would ensure quite positivity.

joeperry

sr. member

Activity: 2296

Merit: 470

Telegram: @jperryC

You can't determine a good project by holding the payment for their project to an escrow. Yes they will not scam in bounty hunters or in promoters of their project but it doesn't mean that they will not scam in their investors, the bounty campaigns is a way of promoting the project in order to get an investor for their project.

There's no exact way to tell if a project is going to be a scam but there are ways to avoid it:
- Checking if the team is legitimate or credible
- Solution of the project
- Problem they're going to solve
- Pictures of the team attending conferences or any events (Probably wearing the logo shirt or a logo can be seen in the event)

We have different ways to check if it's legit and this is some of the things I look whenever I wanted to invest in an ICO.

tranquangvinh

full member

Activity: 546

Merit: 100

Quote from: mirawantirinjana on February 10, 2019, 11:08:37 PM

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 you can't find their team or developer, I think you shouldn't join that project because it's not clear. Now there are many projects that are scams, you should be careful before investing

smyslov

sr. member

Activity: 2030

Merit: 269

Quote from: mirawantirinjana on February 10, 2019, 11:08:37 PM

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?

A scam project is a scam project even if they escrow their token because in the end that token will worth nothing because they do not have plans to create the platform or fulfill their promise, so the escrow is useless, it's the project that counts.

Nurma.A

full member

Activity: 286

Merit: 100

StableDex | Decentralized, Secure & Cost Effective

Only this time I found this kind of thing. Supposedly, when a project is formed, there must be TIM and DEV. That's mandatory. If there is no one, it cannot be called a project. Even though they have a positive belief in escrow. This is a different thing. If you want to sell or buy coins from other people, and you need escrow, you need someone like this.

ceetoo224

copper member

Activity: 112

Merit: 0

Quote from: mirawantirinjana on February 10, 2019, 11:08:37 PM

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?

In finding escrow, here is the best place where you can find some, I know krogothmanhattan is really a great escrow, try to see those that has allot of trust so you can assure the reliability of the transaction.

Topic: Can an Escrow be a guarantee? - page 5. (Read 21418 times)