Can they really do this in Smart contract?

coin-investor

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Quote from: Pamadar on May 16, 2019, 02:25:10 PM

Quote from: passwordnow on May 16, 2019, 01:07:38 PM

I think I've seen that kind of rule made by the devs so that they can avoid immediate dumping by the bounty hunters.

Quote from: takngantuk on May 16, 2019, 11:54:37 AM

if this method does exist, I choose they are very cruel. they can do anything, not only to bounty participants but their investors. no one knows, when there is a pump some tokens are accidentally locked. and so devs can sell their tokens.

I think this can eliminate confidence in the project. investors will be afraid to hold tokens for a long time.

It truly exists but that's not meant for investors but for the bounty hunters.

This is another strategy to avoid massive dumped when the project already been listed, I also heard about this some time ago but I didn't pay attention as I don't like the idea, bounty hunters should always have allocations of funds, if developers intentionally freeze the rewards and again that's possible since the contract can be hold by the wallet owner, not a buying the reason behind they should pay for the help that they've get from the bounty participants.

Those who are participating in the ICO bounty campaign should have something to worry now, liker do not want to give bounty hunters the rewards they kept delaying it, it's the 17th of May and yet they cannot decide if they are going to unlock all the coins for bounty hunters or unlock some bounty hunters wallet.

Heisenberg_Hunter

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Distribution can be controlled through the use of smart contracts, but the total supply can be changed when the commit access guy in git takes advantage of their position and scams for additional money such as the case of Oyster Protocol Token. You can lock the tokens by deploying a smart contract in the Eth blockchain. I am not much sure of this in Eth, but they can be carried out successfully in bitcoin blockchain through the use of nlocktime.

Here a receives receives his share of money only after certain blocks are mined and added to the blockchain. When you are paying to an address and add a nlocktime, the coins are not mined till the specified block is reached and they are unlocked to the receiver's address.

Pamadar

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Quote from: passwordnow on May 16, 2019, 01:07:38 PM

I think I've seen that kind of rule made by the devs so that they can avoid immediate dumping by the bounty hunters.

Quote from: takngantuk on May 16, 2019, 11:54:37 AM

if this method does exist, I choose they are very cruel. they can do anything, not only to bounty participants but their investors. no one knows, when there is a pump some tokens are accidentally locked. and so devs can sell their tokens.

I think this can eliminate confidence in the project. investors will be afraid to hold tokens for a long time.

It truly exists but that's not meant for investors but for the bounty hunters.

This is another strategy to avoid massive dumped when the project already been listed, I also heard about this some time ago but I didn't pay attention as I don't like the idea, bounty hunters should always have allocations of funds, if developers intentionally freeze the rewards and again that's possible since the contract can be hold by the wallet owner, not a buying the reason behind they should pay for the help that they've get from the bounty participants.

passwordnow

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I think I've seen that kind of rule made by the devs so that they can avoid immediate dumping by the bounty hunters.

Quote from: takngantuk on May 16, 2019, 11:54:37 AM

if this method does exist, I choose they are very cruel. they can do anything, not only to bounty participants but their investors. no one knows, when there is a pump some tokens are accidentally locked. and so devs can sell their tokens.

I think this can eliminate confidence in the project. investors will be afraid to hold tokens for a long time.

It truly exists but that's not meant for investors but for the bounty hunters.

caffu chino

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Quote from: coin-investor on May 14, 2019, 11:40:18 PM

I'm not an expert in Ethereum smart contract, I know that you can control the distribution and lock it, but it is possible to unlock a portion of the coin, and keep the portion locked, Liker world token lock the coin so bounty hunters cannot do anything with their coin, they announced that they are going to unlock this month of May, but it seems they are thinking of unlocking a percentage of the bounty hunters stakes.

Is this possible?
can you lock particular addresses so that it cannot send
can you lock a percentage of the coin?

I would like experts opinion on this, developers might employ this kind of plan for bounty hunters.

I don't know, I've never seen anything like this. usually if the dev wants to wash the token it is locked for all. so they can't just choose for a portion or a few. if really something like this can be done, I think they are very crafty. they see bounty participants as a reason for a dump on the market. even though the reality is not so

takngantuk

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Quote from: coin-investor on May 15, 2019, 01:53:17 AM

Quote from: Lakai01 on May 14, 2019, 11:51:54 PM

Of course its possible, you can literally do what you want if you are the owner of the contract. Its common among ICOs nowadays to prevent immediate crashes of the token price once the token gets listed and bounty hunters sell their coins for a few bucks.

Oh wow no wonder the dev posted that they are thinking of partial unlock, this is something new since these devs can change rules anytime as specified in their rules, they can make the bounty unlock and lock a small portion and distribution a small percentage.

If this is the case then it's bad news for bounty hunters, scam devs can make this feature in their smart contract.

if this method does exist, I choose they are very cruel. they can do anything, not only to bounty participants but their investors. no one knows, when there is a pump some tokens are accidentally locked. and so devs can sell their tokens.

I think this can eliminate confidence in the project. investors will be afraid to hold tokens for a long time.

tsaroz

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Quote from: coin-investor on May 14, 2019, 11:40:18 PM

I'm not an expert in Ethereum smart contract, I know that you can control the distribution and lock it, but it is possible to unlock a portion of the coin, and keep the portion locked, Liker world token lock the coin so bounty hunters cannot do anything with their coin, they announced that they are going to unlock this month of May, but it seems they are thinking of unlocking a percentage of the bounty hunters stakes.

Is this possible?
can you lock particular addresses so that it cannot send
can you lock a percentage of the coin?

I would like experts opinion on this, developers might employ this kind of plan for bounty hunters.

I don't think different rules would be applicable to the same token but they can impliment it by sending a different token to the bounty hunters which would periodically and proportionally swap into the sold tokens. This way bounty hunters can be sure of getting rewarded and the provider can hold tokens for the amount of time they think is suitable.

feryjhie

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i think it's possible like helbiz bounty before, he unlocks and locks again the smart contract.
He unlocks the smartcontract so they can distribute the bounty payment after that they will locks again until the tokens listed in the exchange

Adriano2010

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I also know this is possible, in past the Minereum token was given to people who join airdrop but was only mined a part and take years to get fully mined, so i think anything is possible on smart contracts.

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It is not a new trick from the developers. I came across a similar 2 years ago when I participated in some kind of bounty campaign.

coin-investor

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Quote from: Lakai01 on May 14, 2019, 11:51:54 PM

Of course its possible, you can literally do what you want if you are the owner of the contract. Its common among ICOs nowadays to prevent immediate crashes of the token price once the token gets listed and bounty hunters sell their coins for a few bucks.

Oh wow no wonder the dev posted that they are thinking of partial unlock, this is something new since these devs can change rules anytime as specified in their rules, they can make the bounty unlock and lock a small portion and distribution a small percentage.

If this is the case then it's bad news for bounty hunters, scam devs can make this feature in their smart contract.

Lakai01

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Of course its possible, you can literally do what you want if you are the owner of the contract. Its common among ICOs nowadays to prevent immediate crashes of the token price once the token gets listed and bounty hunters sell their coins for a few bucks.

studio1one

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BintexFutures

I am not sure but I participated in some bounty campaigns which gave me my reward token in a split like 50% after the campaign finished and another 50% after 4-6 months so I think it might be possible what you are saying.

coin-investor

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I'm not an expert in Ethereum smart contract, I know that you can control the distribution and lock it, but it is possible to unlock a portion of the coin, and keep the portion locked, Liker world token lock the coin so bounty hunters cannot do anything with their coin, they announced that they are going to unlock this month of May, but it seems they are thinking of unlocking a percentage of the bounty hunters stakes.

Is this possible?
can you lock particular addresses so that it cannot send
can you lock a percentage of the coin?

I would like experts opinion on this, developers might employ this kind of plan for bounty hunters.

Topic: Can they really do this in Smart contract? (Read 176 times)