Escrow is a must to avoid disappointment - page 7.

jostorres

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Quote from: Vaculin on July 24, 2020, 06:54:42 AM

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.

It doesn’t really matter if the project is a success or not and if bounty hunters are able to sell it or not.
The point here is that the bounty hunters should receive their share of reward no matter the price of the coin, liquidity problems or anything. All these problems are the latter responsibilities of the bounty hunters.

Most of the projects are scams nowadays, so it doesn’t really matter to them if their reputation is ruined or not but not getting paid does matter to the bounty hunters as they have contributed their precious time and efforts in promoting the project.

Shasha80

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There are already a number of topics discussing bounty managers who should use escrow to ensure payment of bounty hunters.
Indeed, many projects without escrow can work well, like Cartesi without escrow can successfully list on the big exchange.
But with escrow, it will get better, so why not use it if it turns out to be good.

poodle63

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Quote from: robattfield on July 27, 2020, 12:15:07 PM

Quote from: BigBos on July 27, 2020, 01:41:02 AM

Quote from: joinfree on July 26, 2020, 02:23:29 PM

This is a laudable idea but then again if only bounty hunters will agree and abide with this. You will still have some individuals who would go out there participating in bounty campaigns without having any single thought about the progress of the project as well as the team members behind the project. So I say you make your own decision regarding this. If you see that any BM is not escrowing funds then don't bother participating. it's pretty simple.

some BMs apply this to the projects they bring to people. it is very likely that they are negotiating about tokens that need to be held by a third party in order to make trust even higher. bountyhive used to do this, only it started to fade. there are several BMs who do this such as bounty detective, murat, and others. I hope that there will be many projects that will use Escrow.

I just hope many projects will succeed in this market and are listed in various exchanges. I have participated in a few bounty using Escrow, but it is not too satisfactory. I only received useless tokens and it was not listed at any exchange

Even when the project used escrow and then it will not give guarantee the hunters got the decent reward and the only thing that will give a guarantee if the project will be paying the hunters with the stable coin. It's better rather than use escrow. It's better to use escrow at the same time the project use native coin as payment too.

Malam90

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Now escrow is a must for the safety of payment for bounty hunters. Many projects don't pay to the bounty hunters after promotion ended. Recently Digitalbits (XDB) cheated with bounty hunters after they have waited bounty hunters more than 15 months. If bounty managers use escrow, bounty hunters will enjoy safety of payment. Bounty detective is now using escrow and ultimately bounty hunters are getting payment from their campaigns.

Chukwunonso

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Activity: 154

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Bounty detective has set the ball rolling and I hope other bounty manager would do the same and imitate bounty detective in this move. There are several occasions where bounty hunters get nothing for their Labour and that's very unfortunate. The bounty managers could undertake to avoid any project who's not interested in using Escrow. When this becomes a constant practice, bounty hunters would never have to worry about not being paid.

mexite

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I once proposed this solution on a thread few weeks back. And now we have some BMs securing custody of the payment to assure hunters of their reward. For example Bounty Detective, Krypital Group and a few others. With that, promoters would be able to do good work in terms of quality promotions to ensure the success of the project.

robattfield

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Quote from: BigBos on July 27, 2020, 01:41:02 AM

Quote from: joinfree on July 26, 2020, 02:23:29 PM

This is a laudable idea but then again if only bounty hunters will agree and abide with this. You will still have some individuals who would go out there participating in bounty campaigns without having any single thought about the progress of the project as well as the team members behind the project. So I say you make your own decision regarding this. If you see that any BM is not escrowing funds then don't bother participating. it's pretty simple.

some BMs apply this to the projects they bring to people. it is very likely that they are negotiating about tokens that need to be held by a third party in order to make trust even higher. bountyhive used to do this, only it started to fade. there are several BMs who do this such as bounty detective, murat, and others. I hope that there will be many projects that will use Escrow.

I just hope many projects will succeed in this market and are listed in various exchanges. I have participated in a few bounty using Escrow, but it is not too satisfactory. I only received useless tokens and it was not listed at any exchange

tbterryboy

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Quote from: Balladtony77 on July 24, 2020, 06:46:54 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.

It is totally absurd saying that bounty hunters get their tokens for free. They are not free! They are rightfully earned by them for their hard work done in order to promote the project. Necessary publicity and marketing are achieved by the projects due to the work done by the bounty hunters. I agree with your point that every bounty manager should start using escrow.

But in that case, all the managers using escrow should be trustworthy. The whole funding of the bounty or signature campaign will be in the hands of one single entity so make sure to choose the right person for the job. Many scams happen these days and to be honest no one can really be trusted.

BigBos

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Quote from: joinfree on July 26, 2020, 02:23:29 PM

This is a laudable idea but then again if only bounty hunters will agree and abide with this. You will still have some individuals who would go out there participating in bounty campaigns without having any single thought about the progress of the project as well as the team members behind the project. So I say you make your own decision regarding this. If you see that any BM is not escrowing funds then don't bother participating. it's pretty simple.

some BMs apply this to the projects they bring to people. it is very likely that they are negotiating about tokens that need to be held by a third party in order to make trust even higher. bountyhive used to do this, only it started to fade. there are several BMs who do this such as bounty detective, murat, and others. I hope that there will be many projects that will use Escrow.

pixie85

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Quote from: southerngentuk on July 26, 2020, 12:48:53 PM

I have seen a lot of bounty use escrow, but honestly the result is not so good. There are still many projects that have collapsed and become scams and bounty hunters only get useless tokens and cannot sell them.

Then demand to be paid in existing tokens that are already on the market.

If they can't afford full campaign payment in existing tokens demand half of it to be escrowed. Worst case scenario they'll go bankrupt and you'll get 50% of your payment but at least you will have some money.

I told you all that demanding escrow is a great way to verify the health of the developing team. If they can't afford to escrow 1000 USD to show their good intentions they must be broke and broke teams either go bankrupt or look for a way to scam.

joinfree

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1A6nybMUHYKS6E6Z3eJFm4KpVDdev8BAJL

This is a laudable idea but then again if only bounty hunters will agree and abide with this. You will still have some individuals who would go out there participating in bounty campaigns without having any single thought about the progress of the project as well as the team members behind the project. So I say you make your own decision regarding this. If you see that any BM is not escrowing funds then don't bother participating. it's pretty simple.

Cheesus

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terra-credit.com

I can't disagree with you. What Bitwings team did only shameless scammer can do that. Bitwings is running their sale like for two years, yet they did not reach the soft cap, lol! No one bought their shit, so they got angry with bounty hunters! Bounty Detective and Bubbalex are doing better now! Only escrow can save bounty hunters' reputation; otherwise, it feels terrible when a successful project bans you when you ask for payment even after one year later!

cheezcarls

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Quote from: Balladtony77 on July 24, 2020, 06:46:54 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've known a bounty manager named Julerz who is definitely using a trusted escrow for guaranteeing payments to the hunters. I think honestly that a legit escrow had a huge advantage for both parties, making sure that everything is settled and accomplished in a right way.

Like there are some bounty managers out there who had no guarantee of their trust. The project would allocate tokens to them for distribution, but there's a chance that they would run away with that. For me, I think escrow is really necessary for bounty distribution.

Becky666

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Quote from: cryptoknightt on July 25, 2020, 04:47:47 AM

maybe the method you mentioned will be applied if it is effective in the future.
it's just that now there are still many who don't because they think they can handle it, no problem as long as the project you are participating in pays and is managed by a reliable manager.

Why we should embrace the escrow of a things is, the bounty section had long time experience severe pains on the ass of the hunters, many had spend time, resources and nothing was paid to them after promotions. Some of these cryptocurrency projects even succeeded and never care to get the interest of the hunters at heart. Escrow will play a vital role in ensuring that bounty hunter's get their pay as they meet their targets. I will be in support of those who insists for forum projects to always escrow their coins or tokens before promotion.

southerngentuk

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Quote from: Balladtony77 on July 24, 2020, 06:46:54 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 have seen a lot of bounty use escrow, but honestly the result is not so good. There are still many projects that have collapsed and become scams and bounty hunters only get useless tokens and cannot sell them.

kensaii

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Yes, I think we need to deal with the problem of withholding the bounty reward, delay, or sometimes, even won't giving it. Every time like that, bounty manager from team can give various reasons and excuse they want to justify it. Only a 3rd party in charge of escrow the progress of distributing bounty reward should be task for this job.

FanEagle

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Quote from: Balladtony77 on July 24, 2020, 06:46:54 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.

Yeah you’re right about that, if all the bounty managers will be doing that and making use of escrow to secure the payment for bounty hunters it would be really cool. It’s quite frustrating what bounty hunters have to go through sometimes, it’s not easy to do all those jobs and work hard and at the end people will underrate the work you do and then you get paid pennies or nothing.

People just like to blame bounty for everything, they even blame them when the price of tokens fall, forgetting that bounty hunters are not investors, they are just working to promote a token and the tokens they get after that is their payment for their hard work.

flagpara

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By escrow or by something else, bounty detective is doing a good job. But bounty detective is managing so many campaigns at a time, failed chance has more. Bitwings never did another audit, they making new rules to reject more users. We should advise everyone, so that they don't invest any money in bitwings. Some rules should be updated to officially manage accounts.

Untomabur

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Quote from: Towerbreeze on July 25, 2020, 08:10:52 AM

That time will come and now that many more people are joining bounties it's the best time to start using escrow and limited participants, I will definitely follow such bounty managers that take this more serious, I hope bubbalex start using escrow in near future just like bounty detective

Bounty managers now are far professional, I also follow Bounty Detective,
reportedly they do use Escrow and it's good for bounties in the future, bounties will come back to life

gwaposakon

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I think there have been a lot of projects that created escrow fund for their bounty projects. Actually, I have joined a number of bounty campaigns before. But again, whether rewards are given but if the market does not support it, the value of the stakes distributed would still be worthless.

Topic: Escrow is a must to avoid disappointment - page 7. (Read 1036 times)