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Topic: Escrow is a must to avoid disappointment - page 4. (Read 1036 times)

full member
Activity: 824
Merit: 104
PredX - AI-Powered Prediction Market
August 04, 2020, 08:19:47 AM
I agree with what you said above is true, if a project launches a campaign and relies on a manager to manage the project campaign, indeed it must use Escrow to guarantee everyone who joins to promote the project, if all projects that carry out the campaign use Escrow I am sure everything will be fine and all the prize hunters will not feel disappointed for the distribution of prizes because some of their funds are already in the hands of Escrow.
This thing has already implemented by some managers like bounty detective. The team was sending the payment to the team before the manager wanna try to launch the campaign and this gives more confidence for the hunters too. This is must be tried by whole of altcoin managers.
As far as I know, Kingcasino also used escrow, but eventually the project collapsed and became a scam. So the deposit only ensures that the bounty hunter receives the token, it cannot guarantee the project can succeed in this market.
sr. member
Activity: 1456
Merit: 280
BitByte Crypto: https://link3.to/bitbytecrypto
August 04, 2020, 07:49:47 AM
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.

That's right if Bounty Managers are honest to do the payments on time from their side. There are some new bounty managers who escrow the bounty payments , but disappeared when it's time to do the payments. They also delete their all social media accounts and only use new bitcointalk account to do that. So, it truely depend on the bounty manager's honesty, IMO.

Bounty Detective is the only bounty manager using escrow, if many bounty managers start using escrow it will be better.

I really like the management of Bounty Detective and love to do their bounties . Bounty Detective always try to do the best for all Bounty
hunters.
full member
Activity: 271
Merit: 100
August 04, 2020, 07:44:05 AM
I agree with what you said above is true, if a project launches a campaign and relies on a manager to manage the project campaign, indeed it must use Escrow to guarantee everyone who joins to promote the project, if all projects that carry out the campaign use Escrow I am sure everything will be fine and all the prize hunters will not feel disappointed for the distribution of prizes because some of their funds are already in the hands of Escrow.
This thing has already implemented by some managers like bounty detective. The team was sending the payment to the team before the manager wanna try to launch the campaign and this gives more confidence for the hunters too. This is must be tried by whole of altcoin managers.
hero member
Activity: 3010
Merit: 629
August 04, 2020, 07:30:16 AM
I agree with what you said above is true, if a project launches a campaign and relies on a manager to manage the project campaign, indeed it must use Escrow to guarantee everyone who joins to promote the project, if all projects that carry out the campaign use Escrow I am sure everything will be fine and all the prize hunters will not feel disappointed for the distribution of prizes because some of their funds are already in the hands of Escrow.
Thats true, having an escrow is an assurance of getting your rewards when the campaign is finish. So even if it takes few months before it ends bounty hunters dont need to worry that they can get nothing on the time they spent for promoting the project. If only other manager and dev will agree to this then its good on the side of hunters.
sr. member
Activity: 1302
Merit: 270
Vave.com - Crypto Casino
August 04, 2020, 07:18:47 AM
I agree with what you said above is true, if a project launches a campaign and relies on a manager to manage the project campaign, indeed it must use Escrow to guarantee everyone who joins to promote the project, if all projects that carry out the campaign use Escrow I am sure everything will be fine and all the prize hunters will not feel disappointed for the distribution of prizes because some of their funds are already in the hands of Escrow.
jr. member
Activity: 199
Merit: 1
August 04, 2020, 06:59:17 AM
Escrow simply means an arrangement that allow third party receives and disburses fund required to the primary transacting party. Though if the manager are trust worthy dont think there should be a need for the escrow, but to be on a safer side it should escrow, for the benefit of hunters. Escrow is a contract and manager can not go back on their word once its escrow.
member
Activity: 238
Merit: 10
August 04, 2020, 06:18:35 AM
The only bounty manager I trust right now is bubbalex, I've done research on few projects he managed since 2018 and so far it's impressive, not all his projects are a big success like Cartesi but they are fully working projects, another good example is Ferrum project
member
Activity: 952
Merit: 27
August 04, 2020, 06:15:39 AM

I am not concerned about escrow, what makes me interested is the quality of that project. If they were to make an IEO at a major exchange in this market then I believe they would not need a deposit, and we would definitely get their money from them.

You should have a concern, this is a guaranty that you will get your payment and it is will be very good if the project turn out to be great if the campaign did not escrow and the developers did not send the money that will be a big lost for all the participants.
sr. member
Activity: 1260
Merit: 315
www.Artemis.co
August 04, 2020, 05:08:16 AM
Escrow is good but will be useless if the project did not reach the  soft cap or the developer did not push through on the developer or scam people, it's recommended to escrow the allocated rewards but do not celebrate and instead look on the project to see that they will reach the market because the token your holding is worthless unless there is a market for this.

Exactly, escrow will be nothing if the project developers will not achieved the target amount that they'll be needed to continue the project, escrow only secures that participants will received their rewards but not securing if there's value after getting it.
Hunters needs to do their jobs attracting investors and allow the developers to get what they'll need in order to have a win win scenario for both hunters and developers.
I do agree,

Even with the security of receiving your bounty, if that bounty token will be useless or become a shitcoin after the campaign, escrow will be useless as this will not determine that bounty hunters will receive the expected reward at the end of the campaign.
legendary
Activity: 2982
Merit: 1028
August 04, 2020, 04:40:26 AM
Escrow is good but will be useless if the project did not reach the  soft cap or the developer did not push through on the developer or scam people, it's recommended to escrow the allocated rewards but do not celebrate and instead look on the project to see that they will reach the market because the token your holding is worthless unless there is a market for this.

Exactly, escrow will be nothing if the project developers will not achieved the target amount that they'll be needed to continue the project, escrow only secures that participants will received their rewards but not securing if there's value after getting it.
Hunters needs to do their jobs attracting investors and allow the developers to get what they'll need in order to have a win win scenario for both hunters and developers.
member
Activity: 280
Merit: 11
August 04, 2020, 04:22:13 AM
Escrow only makes rewards guaranteed, if a project failed to reach it's hardcap or least the softcap there will be problem for sure, the token will have a very bad value once trading starts on exchanges, to me escrow isn't a must but still not entirely bad either.
full member
Activity: 1820
Merit: 107
August 04, 2020, 04:16:38 AM
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 agree with that idea escrow for the bounty payments is a must to avoid that kind scenario later, although that the project team can replace a new token especially the ERC20 token if they want too. But I'm sure it has a big reason to do that, Anyway, I appreciate the Bounty Detective team doing to implement escrow and introduce a guaranteed bounty campaign payment for its bounty participants.  
full member
Activity: 2324
Merit: 175
August 04, 2020, 04:15:20 AM
Escrow is good but will be useless if the project did not reach the  soft cap or the developer did not push through on the developer or scam people, it's recommended to escrow the allocated rewards but do not celebrate and instead look on the project to see that they will reach the market because the token your holding is worthless unless there is a market for this.
full member
Activity: 714
Merit: 100
August 04, 2020, 04:13:48 AM
Actually there is no benefit. Bounty Managers holding the coin & after that, they distribute the coin to bounty hunters but if the coin didn't add to any exchanger or projects is fail. What are the benefits? Saw many projects that paid bounty hunters but finally, the project is a scam. Better to join quality campaign & try to join under the reputed bounty managers like yahoo,julerzz,bubbalex
member
Activity: 224
Merit: 28
August 04, 2020, 04:01:49 AM
I'm sorry to say but I don't believe that bounty detective is using real escrow payment for bounty hunters, I believe they are using escrow to deceive bounty hunters to have far more bounty hunters following them, this reason why I bring this up is because bounty detective delay payments, if they are truly escrowed they should pay right after bounty is over
sr. member
Activity: 1498
Merit: 251
KUWA.ai
August 03, 2020, 11:28:37 PM
In my priority, if there is two projects, one have the escrow and one doesn't have it then, of course, I would go for the one have it in a heartbeat. I wish escrow would be a mandatory for every bounty campaign in bitcointalk.
escrow just helps you get your coins. I have hundreds of companies that paid me my tokens, but these companies have become a scam and my tokens is equal to 0$. they didn't even trade on exchanges


I have about the same statistics, but still there are a couple of projects that did not pay anything, and now they are trading on the exchange and feel good.

Token pay is the best example that can be seen by anyone about how crap the project that didn't pay the hunters when the team has already gotten million dollars of money.

They were not getting a lot of demand caused by there was a big question about their reputation.
sr. member
Activity: 1638
Merit: 251
Hexhash.xyz
August 03, 2020, 10:15:00 PM
Yeah, bounty detective is the most reliable bounty manager in my personal opinion.
The manager of the bounty should take full responsibility to ensure the payment will be sent to the participants, so their campaign can attract more participants. Im very picky when i want to join bounty, particularly signature campaign because you can only participate in one campaign at the time.
hero member
Activity: 966
Merit: 502
August 03, 2020, 02:08:40 PM
Forget about the Bitwings scam project. They are running the sale for almost two years, they conducted IEO on all shit exchange like P2PB2B, Exmarkets, and then again extended the ICO  sale for another year. Now they deceived the bounty hunters, a real example of scam bounty! After DigitalBits, Bitwings scamming its promoters, I am afraid VID Camera (VI) may outwit their hunters too! So, escrow is the solution here. I like Bounty Detective's escrow service, that's why I joined in their campaign, at least my payment is confirmed here! All the well-known bounty manager should start the escrow system!
sr. member
Activity: 1974
Merit: 450
August 03, 2020, 11:57:30 AM
In my priority, if there is two projects, one have the escrow and one doesn't have it then, of course, I would go for the one have it in a heartbeat. I wish escrow would be a mandatory for every bounty campaign in bitcointalk.
But it cost money to hire an escrow to hold funds, i don't know how much though but it differs per escrow, that's just additional fee for the developers on top of the payment for hunters.
that's the thing to think about for every developer who wants to use escrow. at the very least, they can increase trust in bounty hunters by the way they hire escrow. Another example is, enough people pay attention to the current bounty detective or Murat. however, escrow adds value to a project.
hero member
Activity: 2086
Merit: 501
★Bitvest.io★ Play Plinko or Invest!
August 03, 2020, 06:52:05 AM
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 also agree escrow would help a lot not just for bounty hunters but to also keep this hunting business running.
If things continue I think we would have less and less hunters joining the campaigns I remember back in 2017 most of the bounty campaigns would have over hundreds of participants and now look at some of the bounties spreadsheets.
I know that there are some who would continue on working as a bounty hunter but imagine having only few promoters of their project it wouldn't much effect for their publicity.
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