If the escrow is legit and has good ratings from its past projects then it might be legit.
But be aware that there are projects who's team are also part of the escrow team that sounds 'fishy'.
Topic: Can an Escrow be a guarantee? - page 7. (Read 21418 times)
it all depends on what kind of idea this project has. There are many projects that do not have a team, but the project is successful
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 think you should ask them to why they don't use smart contracts?
It is easiest way of distribute. But it should be support smart contract of course. (I assume it is Ethereum based)
It depends. If the escrow funds is an already trading coin then it will probably be okay. But if the funds is in the tokens belonging to the project, then its still a risk because at any point the team can decide to stop the project or exit scam. Of course you will still get your tokens but it won't be worth shit anymore so no point in the end
There is some situation where escrow acted wrong, having an escrow is not enough to prevent the scam it also depends heavily on which escrow you are talking about I do not think any trusted reputable escrow will agree on escrowing the money for an anonymous team behind an ICO unless there is very strong reason behind their anonymous thing, in my opinion just stay away from this project and find a better one where you can see the full team details and their profiles.
If there are projects that are not visible to TIM and DEV, we need to be suspicious because there is a high probability that it will be a scam or a fake project. TEAM is the strongest reason, given the ideas that emerged from the TEAM, but that does not mean I say it is 100% fraud, we must increase our awareness so that we are not trapped in it. there are many important things to consider, analyze as much as possible before participating.
That's right! Escrow can only guarantee the receipt of coins, but not their relevance in the market. If a team believes in its project, then why should it hide its faces? We must be careful
Using an escrow when participating to an ICO or a project is actually one of the best way to determine if your funds will be safe or not when you choose to invest with them but having no information with the team members and DEVs of that project is a red alert for me. Doing deeper research is still a must and trust issues when investing are always a problem. If I were you, I won't invest to a project with an unknown information.
In general, Escrow itself should have such guarantees, but of course in our world there is nothing 100% guaranteed. Therefore, I believe that now it is necessary to take these risks, which in any case exist despite escrow
Escrow who handles this project already has a lot of positive trust. although I also understand that Escrow is not a guarantor that the project will be successful. however, a minimum of tokens allocated to bounty hunters has been held by an Escrow.Keep in mind that those tokens can worth nothing in the end. If the escrowed funds were held in BTC by someone with a lot of positive trust, it would be another case entirely. Whether the project successful or not, you would still get the payment for the job. But with tokens you can end up receiving $10 worth of tokens for 2-3 months of working for the project. Demand partial payment in BTC.
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?
The presence of an Escrow shows the commitment of the project to fulfill their promise to investors. Although this provide some sense of security to investors, it is still not an assurance about the success of the project. So it is still important to know more about the project to ensure its potential in the future.
When they decide to use escrow, they are that they are serious enough but it's not guarantee that the project success or not.
Remember that the project can be success depend on how they able to gather investor and explain the advantage of their project.
Personally when I selecting new project, I prefer the project that use legit escrow. At least , it's become the great start for them !
Remember that the project can be success depend on how they able to gather investor and explain the advantage of their project.
Personally when I selecting new project, I prefer the project that use legit escrow. At least , it's become the great start for them !
honestly, escrow will be a trusted guarantee if done by the right person. Having Escrow will make a business more reliable, especially in the bounty and signature fields. as far as I know, it really can make people more trusting, especially if it can be seen.
if the project uses escrow with positive trust it is likely that the project will not be a scam, because their money has been sent to escrow, it is likely that a scam can be from that escrow. because a good reputation cannot be a reference.
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?
Escrow will not be able to solve the problem that the project may be scam or not. It only ensures that you will definitely receive a token after the bounty ends, but whether or not the project succeeds must depend on the teamI think if you see the reputed escrow user is involved then the scam option is very less. But the next point of project after completion whether going to list in exchange or not is another problem which escrow cannot handle.
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 project with non visible team.
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?
Escrow will not be able to solve the problem that the project may be scam or not. It only ensures that you will definitely receive a token after the bounty ends, but whether or not the project succeeds must depend on the team
yeah, that's a really good thing to discuss. But I hope we can trust members with positive trust. that kind of people doesn't need to get black mark around here. So I think they will not represent an unknown party without proper transparency. I believe in escrows with positive trust.
I am a little doubt that the dev and the team are not visible even though they have good escrow for their support, because the party in charge is not visible and only relies on escrow, that is, I am a little doubtful if there is such a project.
The escrow is a good indicator about the bounty payment. Not about the ico itself.
He ico may be a total scam, and they still pay you with their fake money in the bounty
He ico may be a total scam, and they still pay you with their fake money in the bounty
It still goes up to the project, if the project is not good and turned out to be a scam then escrow is useless, you are going to get a token with no value and all works and efforts will go to waste, although escrow is a good indication but only one of the indication.
You should be careful anyway but if escrow is a well known and trusted one this is a good sign for sure.. personally I take always in considerations projects that have such escrow.
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