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Topic: Escrow is a must to avoid disappointment - page 11. (Read 1036 times)

legendary
Activity: 1820
Merit: 1207
If you are trying to make business and accept Bitcoin or any other cryptocurrency you should know that the transaction is not reversible and to protect yourself you need an escrow service - for example Bitify.
What point you tried to say? This seems off topic from this thread, OP is suggesting use escrow on bounties, not asking purpose using escrow.

@OP indeed your suggestion is good for bounties. But, you should know... even the bounty is smell as a scam (e.g. fake team, plagiarized whitepaper, etc) many bounty hunters still join that bounty and ignore the warning from any scam-buster. Bounty hunters also must not joining any scam bounties to avoid from scammed or DYOR.
member
Activity: 812
Merit: 10
BountyMarketCap
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.
Yeah there should be some system to secure the hard earned reward of the bounty hinters who perform all the tasks according to the rules everyday so denying their rewards is absolutely unethical and completely unlawful. If escrow works out well as a solution it should be definitely implemented to all the bounty campaigns as soon as possible.
full member
Activity: 1904
Merit: 138
★Bitvest.io★ Play Plinko or Invest!
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.

Escrow of bounty reward is good, but it is not a bare minimum for a good Bounty, GeomaDAO was an escrowed Bounty, but seems the pandemic has flawed its growth.

While Cartesi excelled without being escrowed, a paying Bounty will always pay, either escrowed or not which is why you must dyor and join project that worths it for promotion

That's right! It really depends on the project itself. If the project is sincere with their intentions, they won't screw their bounty participants in any way. They will distribute their share according to the bounty agreements. Now, in terms of price, they can't fully control the price in the market because it depends on the traders. If traders will not see the project as promising, then it is bound to decrease its value.
member
Activity: 1204
Merit: 38
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.
For bounties managers rarely uses escrow because it is useless tokens so even if there is ans escrow the distribute the rewards we may not able to do anything with it until it have some real value.At least it could make some changes and can be helpful even in avoiding the complete scam projects.So its on the hand of bounty hunters to demands escrows or they have to refuse from joining.
legendary
Activity: 2492
Merit: 1001
Leading Crypto Sports Betting & Casino Platform
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 beg to disagree, Julerz escrowed bounty tokens for bounty hunters and all bounty hunters have received their tokens, some managers are escrowing the bounty token which is good, but if the team is trusted and they show good will it's ok not to do escrow especially if the bounty manager is part of the team, like what Oikos has done.
Well, the big line is when the team is trusted. however, when a new project uses escrow, it will give a good impression even more so if they are a newly developing project. however, escrow to a trusted person will add value to a project.
member
Activity: 1540
Merit: 68
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.

Escrow of bounty reward is good, but it is not a bare minimum for a good Bounty, GeomaDAO was an escrowed Bounty, but seems the pandemic has flawed its growth.

While Cartesi excelled without being escrowed, a paying Bounty will always pay, either escrowed or not which is why you must dyor and join project that worths it for promotion
hero member
Activity: 2926
Merit: 567
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.

It is highly recommended that they do this to protect bounty hunters and their reputation, but as we all know not all bounty managers are independent many are part of the team and they are not implementing escrow, so it's better to pick an independent managers which offer escrow for bounty hunters.
member
Activity: 574
Merit: 24
We are all humans, some will deceive us, some won't keep their promises, some won't show conscience at all, that's why I will always accept this escrow strategy, it's the best way to set things right honestly, I wish all bounty managers will follow this strategy
hero member
Activity: 2940
Merit: 613
Winding down.
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 beg to disagree, Julerz escrowed bounty tokens for bounty hunters and all bounty hunters have received their tokens, some managers are escrowing the bounty token which is good, but if the team is trusted and they show good will it's ok not to do escrow especially if the bounty manager is part of the team, like what Oikos has done.

I've seen him doing that in most of his projects, and that guarantees that reward will be distributed after the bounty.
This is good especially if the project is quite successful, but if not, bounty hunters will still have a hard time selling the reward due to its low price or lack of liquidity. For me, I am okay with no escrow, besides, if the team will not pay, it will be their reputation that will be put at risk and the project will fail.

if the payment is in BTC, USDT, and major coins, then there would be no effect regardless of what they will do on the project.
hero member
Activity: 1344
Merit: 540
You are not the only one who think of this solution. There is one dedicated thread and a good discussion about it, The sincere bounty managers should escrow bounty rewards.

And I do agree that this is a good solution and other bounty managers should do the same.
hero member
Activity: 2996
Merit: 598
Leading Crypto Sports Betting & Casino Platform
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 beg to disagree, Julerz escrowed bounty tokens for bounty hunters and all bounty hunters have received their tokens, some managers are escrowing the bounty token which is good, but if the team is trusted and they show good will it's ok not to do escrow especially if the bounty manager is part of the team, like what Oikos has done.
member
Activity: 378
Merit: 15
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.
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