Topic: Escrow is a must to avoid disappointment (Read 1036 times)
The tokens that bounty hunters get are legitimately acquired by them for their persistent effort done to advance the project. Fundamental exposure and marketing are accomplished by the projects because of the work done by the bounty hunters. I simply trust numerous projects will prevail in this market and are listed in different exchanges. I concur with your point that each bounty administrator should begin utilizing escrow.
Not only is the "bounty detective" manager making an escrow process, others already did it. Escrow is now my favorite process, although all campaigns should be legitmate by my assumption. I missed my USDT rewards from the "Injective protocol" campaign. We can't stop scam bounty managers or bounty hunters. In the bear market we filter so many processes, but during bullrun we don't care about those processes.
It seems that now there is a new problem again, I see several managers who use escrow services or the token is in the manager's wallet but the team doesn't want to send gas to the manager so it keeps delaying distribution or won't even be distributed as long as the team doesn't send gas (troublesome thing)
If this Escrow is applied to all sections of the forum, people's fears will disappear, they will work with confidence, the number of bounty hunters will increase, and the BitcoinTalk community will be safer than before, for years, we have not found the appropriate solution to deter scammers. I think the Escrow decision will be the most appropriate solution.
It's becoming more harder for new projects team to keep their promises to bounty hunters, some even said bounty hunters are getting free tokens for free, meaning bounty hunters aren't recognized for their work, I suggest all bounty managers to start using ESCROW.
I believe with escrow payment will be guaranteed, team won't be able to go back on their words, bitwings for example, after a complete year of waiting for payment they decide to do another audit on spreadsheet and they falsely accused bounty hunters without any proof.
Bounty Detective is the only bounty manager using escrow, if many bounty managers start using escrow it will be better.
I believe with escrow payment will be guaranteed, team won't be able to go back on their words, bitwings for example, after a complete year of waiting for payment they decide to do another audit on spreadsheet and they falsely accused bounty hunters without any proof.
Bounty Detective is the only bounty manager using escrow, if many bounty managers start using escrow it will be better.
Escrow is indeed a way to keep participants guaranteed payment for their work. However, if the Escrow comes from the project manager, there is also no guarantee that participants will get work wages. Because project managers often throw tantrums after the bounty is over. I think Escrow is a third party would be better suited than a project manager.
If you do saw that its part of the team or not yet known on this forum then better to pass out and find for another one.It had been suggested for how many times about
escrow thing about bounty payments but it hadnt been followed nor considered by those projects that do plan to launch the program.Is there something we can do?
Nothing! because teams decision would always be final thats why dont expect for these escrow matter to be implied.
It's becoming more harder for new projects team to keep their promises to bounty hunters, some even said bounty hunters are getting free tokens for free, meaning bounty hunters aren't recognized for their work, I suggest all bounty managers to start using ESCROW.
I believe with escrow payment will be guaranteed, team won't be able to go back on their words, bitwings for example, after a complete year of waiting for payment they decide to do another audit on spreadsheet and they falsely accused bounty hunters without any proof.
Bounty Detective is the only bounty manager using escrow, if many bounty managers start using escrow it will be better.
I believe with escrow payment will be guaranteed, team won't be able to go back on their words, bitwings for example, after a complete year of waiting for payment they decide to do another audit on spreadsheet and they falsely accused bounty hunters without any proof.
Bounty Detective is the only bounty manager using escrow, if many bounty managers start using escrow it will be better.
Escrow is indeed a way to keep participants guaranteed payment for their work. However, if the Escrow comes from the project manager, there is also no guarantee that participants will get work wages. Because project managers often throw tantrums after the bounty is over. I think Escrow is a third party would be better suited than a project manager.
If I can remember, so many post have been made about this same issue on this forum, I feel this is not the solution, the only thing that can put a stop to bounty hunters been cheated is to be selective when it comes to participating in bounty campaign. If you and I don't take part in campaigns without escrow, they will be forced to use escrow.
I agree. There is no guarantee that the tokens will be worth decent money, but it is much better to know that the tokens are in a safe place, and the hunters will get them anyway.
Unfortunately, very few projects go this turn. After all, this is not difficult.
If the project is afraid of a price dump, then it will be enough to conclude an agreement in which it will be spelled out under what market conditions the hunters receive payments from the escrow.
Unfortunately, very few projects go this turn. After all, this is not difficult.
If the project is afraid of a price dump, then it will be enough to conclude an agreement in which it will be spelled out under what market conditions the hunters receive payments from the escrow.
I can't differ with you. What Bitwings group did just improper con artist can do that. Bitwings is running their deal like for a very long time, yet they didn't arrive at the delicate cap, lol! Nobody purchased their crap, so they blew up with abundance trackers! Abundance Detective and Bubbalex are improving at this point! No one but escrow can spare abundance trackers' standing; else, it feels awful when an effective venture boycotts you when you request installment even following one year later!
Escrowing bounty tokens would definitely be a right step forward to secure the payment to bounty participants, but I assume not many projects are prepared to do that. I noticed that some bounty platforms (like the bounty0x) have started accepting only bounty hosts that provide their tokens to the escrow and I think that others should adopt this strategy as well.
Disappointment out of the rewards and profiting associated with cryptocurrencies were very common. An escrow is used as an assuring bridge between the sender and the receiver. When we're part of reward program or some other promotional activities conducted by the trusted members of the platform even when there is no escrow we're on the safe side. So the disappointments of different users were out of the proper learning about the need for escrow.
Escrow is good, yes. It's good to attract more bounty members and investors as they think they care with the community and want to reserve the pool for advertisement.
But if the tokens are not valuable in the market then those coins are surely useless. We have already tired get paid with useless tokens which become nothing on the exchange, we have seen that continuously.
token with value, and using escrow, that would be very good for now. It seems like some of the current bounties have tricked the participants, even their coins are unlikely to list in any market. One of the advantages that can be seen from a project that already has a market, and using escrow is, the risk of a scammer is very small. however, escrow is highly recommended. But if the tokens are not valuable in the market then those coins are surely useless. We have already tired get paid with useless tokens which become nothing on the exchange, we have seen that continuously.
It is a good suggestion to remind managers to use ESCROW but before the condition of a project is inversely proportional. It is better to do an initial check yourself before deciding to participate in it because changes can occur at any time because BM cannot guarantee the success of a project. This just my opinion.
Yes it would be better if most bounty managers will use an escrow but the problem is most of the bounty campaigns right now their tokens are locked until some point but they choose to run a campaign in order to attract early investors and investors on pre-sale so I think you will rarely find projects like that also escrow is an optional since there's no rule here in the forum that it is mandatory.
I feel like using escrow is definitely not a solution to fraudulent projects who refuse to pay promoters. We have seen a case where tokens get escrowed and the devs created new tokens hereby making escrowed funds useless.
Key solutions to avoid disappointment is an escrow in stable coin or notable coins
Key solutions to avoid disappointment is an escrow in stable coin or notable coins
This is true, everyone should use escrow to ensure the safety of funds for bounty hunter payments, many projects and bounty managers do not pay attention to this and bounty hunters are always victims. And there should be a definite agreement for bounties that use KYC or not, this is very torturous for bounty hunters. If KYC is really needed for the bounty campaign, I hope there is a platform to do KYC and it can be used to participate in bounty campaigns that require KYC. Such a system can protect bounty hunter data from misuse of data by the bounty manager or the project. Hopefully someone will voice and hear my writing.
Escrow is good, yes. It's good to attract more bounty members and investors as they think they care with the community and want to reserve the pool for advertisement.
But if the tokens are not valuable in the market then those coins are surely useless. We have already tired get paid with useless tokens which become nothing on the exchange, we have seen that continuously.
But if the tokens are not valuable in the market then those coins are surely useless. We have already tired get paid with useless tokens which become nothing on the exchange, we have seen that continuously.
no one can trusted in the world of crypto always a lot of scams in many ways moreover we are talking about a new project that is make a bounty
many of the reasons they were when distribution started of the allocation deduction doesn't even pay off at all, Escrow way will make a bounty hunter smile as some managers do
indeed only by escrowing will make the bounty campaign trip run smoothly and usually those who make payments using bitcoin or ethereum will first escrow, unfortunately if using tokens I think few are escrowing which ultimately makes many projects fail or have very cheap prices because there is no support at all from the developer. many of the reasons they were when distribution started of the allocation deduction doesn't even pay off at all, Escrow way will make a bounty hunter smile as some managers do
no one can trusted in the world of crypto always a lot of scams in many ways moreover we are talking about a new project that is make a bounty
many of the reasons they were when distribution started of the allocation deduction doesn't even pay off at all, Escrow way will make a bounty hunter smile as some managers do
many of the reasons they were when distribution started of the allocation deduction doesn't even pay off at all, Escrow way will make a bounty hunter smile as some managers do
Yes, we need an escrow so that the team can't do anything, such as reducing the bounty allocation or not paying for the hunter's hard work, but it looks like it can't because many bounty managers come from the project team itself.
It's not impossible, but sometimes they don't want to assign someone to be their escrow, because the person who is used for escrow must also be paid by the project team and usually that person is someone who is truly trusted in this forum. Jump to: