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Topic: Can an Escrow be a guarantee? - page 8. (Read 21418 times)

sr. member
Activity: 2016
Merit: 283
February 13, 2019, 07:25:27 AM
#32
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 the project provide escrow then it will not scam you especially if the escrow is trusted one here in forum . Which is only the owner of the project will be the problem .  But no need to worry because automatic escrow will published a post once the owner tolerate to release the payment and as soon as possible the one who contacted the escrow will be banned or will earn red trust here in forum. 
sr. member
Activity: 1463
Merit: 265
Pepemo.vip
February 13, 2019, 06:28:52 AM
#31
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?

Interesting solution.. but I don't understand why dev team want to stay anonymous if the project is legit.
About escrow - In my opinion there not exist 100% sure third part.
The key to this situation is answer to the question why they use this kind solution for project?
sr. member
Activity: 854
Merit: 250
February 13, 2019, 06:25:45 AM
#30
Only if the bounty manager is the holder of the wallet on which payments are reserved, in this case the project may well be worth it.
hero member
Activity: 1820
Merit: 515
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February 13, 2019, 06:16:11 AM
#29
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?
An escrow is used to pay the bounty participants,I don't think there ia no assurance for the investors but you can trust them I hope, because normally trusted member will not ruin their reputation for some bucks.
member
Activity: 728
Merit: 14
February 13, 2019, 06:13:01 AM
#28
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?
an escrow is certainly no guarantee that it is not a scam. it only guarantees that the participants are really paid by the escrow, but nothing more. so despite escrow you should be careful, especially if the dev team does not show up.
full member
Activity: 700
Merit: 101
February 13, 2019, 05:53:10 AM
#27
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.
full member
Activity: 602
Merit: 101
February 12, 2019, 10:45:13 AM
#26
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
sr. member
Activity: 882
Merit: 301
February 12, 2019, 10:42:42 AM
#25
Even if they have escrow and acting in good faith, I would still stay away from that project. With an anonymous team, I doubt that they will be able to win investors confidence. It's going to fail.
full member
Activity: 700
Merit: 101
February 12, 2019, 05:29:08 AM
#24
I don't think an escrow been part of a project is good enough to believe that a project is not a scam, you need more than that and that is why you need to do more research about the project.
so the possibility that this project is a scam is still very large, even though the token for payment for the entire bounty hunter has been held by an escrow but that is not a guarantee that the token will not become shitcoin.
jr. member
Activity: 434
Merit: 2
February 11, 2019, 04:55:33 AM
#23
I don't think an escrow been part of a project is good enough to believe that a project is not a scam, you need more than that and that is why you need to do more research about the project.
hero member
Activity: 1568
Merit: 544
February 11, 2019, 04:54:20 AM
#22
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?

No, It is strange at least that there isnt a team/dev noted. A escrow would decrease some risks when holding the dev funds for example but it boils down to how much you trust the escrow handling it.
sr. member
Activity: 1988
Merit: 275
February 11, 2019, 04:44:54 AM
#21
You will never know, that escrow might be one from the team. The reason why they are anonymous and just use one of their accounts here. Unless, the escrow is a known reputable member in this forum.
full member
Activity: 714
Merit: 104
February 11, 2019, 04:43:18 AM
#20
In what currency escrow keep funds.
If it token of ico project then its not guarantee nothing
legendary
Activity: 1834
Merit: 1036
February 11, 2019, 04:42:16 AM
#19
Depends on who will be the escrow. First question is who is the escrow, is he/she in anyway related to any of the developers or owner of the project. There was an issue here before about "self escrow", the seller of the item is the escrow by using another account and this is also possible on those projects since its easy to grab someone else's picture and create a new name and that scenario is not far from happening.
full member
Activity: 952
Merit: 104
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February 11, 2019, 04:35:17 AM
#18
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 that the escrowed project is more trustworthy and less prone to scam because the devs will not handle the campaign. Most likely, the escrow is responsible for giving the bounty on time as contracted to the bounty hunters.
sr. member
Activity: 812
Merit: 256
February 11, 2019, 04:32:33 AM
#17
The team might want to be private because of some reasons. Why don’t you ask the team directly? With escrow, it is adding reliability to team willingness to distribute token after ICO.
legendary
Activity: 3234
Merit: 1214
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February 11, 2019, 04:28:40 AM
#16
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?
There are few trusted escrow service rendering members in our forum. If they've been taking responsibility then it is good to be a part of the project. Apart from that it isn't good to get into traps of users who render escrow services. Those trusted escrow renderers of our forum won't accept if it is a scam project.
full member
Activity: 541
Merit: 137
February 11, 2019, 04:04:39 AM
#15
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 don't know what others opinion (SCAM/LEGIT) but I do some research about the project and found some interesting for me. and they decide to not showing developer teams is because privacy (u can join their telegram group and you will find the reason)

I guess the project is same with signature that i wear.  Wink

sr. member
Activity: 1274
Merit: 267
February 11, 2019, 04:02:53 AM
#14
A trusted escrow service is only ensure that the fund will be used for what a project said to people. But, it doesn't guarantee that the project deliver their plans or roadmap. It means a project can still scam their investors by not delivering  what have been planned.
full member
Activity: 588
Merit: 100
February 11, 2019, 03:49:39 AM
#13
Having an escrow only guarantee that you will be receiving the tokens. To determine whether project is scam, I guess you have to look into more aspect such as the business model and why is the team anonymous. It is better not to invest if you have doubts in the project.
at least their show their commitment to their investors that their projects will not going anywhere after receiveing money from investors.as we know now many projects lie to their investor and going run after they get money from us.
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