Escrow is important for bounty hunter payments. it also makes the concern of reducing the initial bounty allocation less likely. To be honest, there are so many benefits of escrow for the bounty program. in addition to guaranteeing payment, it also increases participant confidence.
but somehow the managers always underestimate this problem even though it is profitable between hunters and BM
a lot of bounty projects don't pay after the current success, so my advice is for BMs it's better to use escrow at least there is a guarantee of being paid, whether the value of the token is worth it later is a back matter at least there are results and evidence that we as hunters have supported the project
Topic: Escrowed very important for bounty? (Read 51390 times)
Bounty hunting that focuses more on the quality of the campaign than just the quantity of hunters generally do well. Using escrows, limited participants and quality checks like this often increase the quality if a campaign and it also helps the project to reach their goals while also paying off the hunters handsomely. However escrow is not fail proof but it goes a good way in preventing hunters from getting cheated
Escrow is an important thing, but what's more important right now is a good project. Because nowadays there are so many scam projects, we are tired of working and they just disappear.
Why is it a big risk? First of all you don’t need to make investments. You just plug a product by doing different tasks like following social media, make up a video about the project or type an article about it, and then you might be paid for it.
Secondly, I strongly believe that if you do a research you will avoid scam projects. You always should go through social media, web-sites and overview the team members.
It's true, the advice you gave is very good and can also be used by those who have social media accounts with a high number of followers, because the pay is definitely high too, be it from websites, youtube accounts, twitter and others. Secondly, I strongly believe that if you do a research you will avoid scam projects. You always should go through social media, web-sites and overview the team members.
Bounty is always a very big risk. Because even bounty managers can simply not pay and come up with some strange things for this. Here, perhaps, only the luck and honesty of the project itself is important.
No one forces you to take those risks, you will participate in it or not is up to you to decide.In this space, everything happens every day, legal or fraudulent, and if you can't judge everything for yourself, don't blame it. The issue of the deposit bonus is only considered as one of the priorities to evaluate a bounty campaign.
Why is it a big risk? First of all you don’t need to make investments. You just plug a product by doing different tasks like following social media, make up a video about the project or type an article about it, and then you might be paid for it.
Secondly, I strongly believe that if you do a research you will avoid scam projects. You always should go through social media, web-sites and overview the team members.
If you don't have that time to assess and just quickly jump into any project to participate, there's no one to blame,
it's so happened that this market have both good and bad it's participants decision to join or forget about it. Your
action needs to properly assess everything before you ride with the project.
Yes you're right. Escrowed funds for a bounty project gives important to the project and many participants would join since the rewards are safe in the first place, but this is only if the team of the project recommends it to the bounty manager before the starting of the bounty and i guess it gives confidence for those who participate to earn their rewards. Because sometimes, not escrowed bounty could end up not giving rewards, because the team may not be responsive sometime whenever fails.
There's no way for the bounty participants to demand and that's why as you choose the bounty that you want to join. Choose those that has a reputable manager and has escrowed the funds.If you've not seen that with the bounty that you want to join, it's your decision if you're going to wait for another bounty to come that will have that category and standard.
Bounty is always a very big risk. Because even bounty managers can simply not pay and come up with some strange things for this. Here, perhaps, only the luck and honesty of the project itself is important.
No one forces you to take those risks, you will participate in it or not is up to you to decide.In this space, everything happens every day, legal or fraudulent, and if you can't judge everything for yourself, don't blame it. The issue of the deposit bonus is only considered as one of the priorities to evaluate a bounty campaign.
If you don't have that time to assess and just quickly jump into any project to participate, there's no one to blame,
it's so happened that this market have both good and bad it's participants decision to join or forget about it. Your
action needs to properly assess everything before you ride with the project.
Bounty is always a very big risk. Because even bounty managers can simply not pay and come up with some strange things for this. Here, perhaps, only the luck and honesty of the project itself is important.
No one forces you to take those risks, you will participate in it or not is up to you to decide.In this space, everything happens every day, legal or fraudulent, and if you can't judge everything for yourself, don't blame it. The issue of the deposit bonus is only considered as one of the priorities to evaluate a bounty campaign.
Yes you're right. Escrowed funds for a bounty project gives important to the project and many participants would join since the rewards are safe in the first place, but this is only if the team of the project recommends it to the bounty manager before the starting of the bounty and i guess it gives confidence for those who participate to earn their rewards. Because sometimes, not escrowed bounty could end up not giving rewards, because the team may not be responsive sometime whenever fails.
The facts confirm that escrow can guarantee bounty hunters get paid, so it is vital that bounty directors require the undertakings group to consent to utilize escrow. In the event that they don't utilize escrow, there are a great deal of tricking that the undertaking group does against bounty hunters, since project groups can change the guidelines in regards to installment issues when the advancement ventures will end. L
sVault.finance (BSC) & Pisces.Finance (ERC20) is an example of the Escrow project and until now they have not paid the participants, I do not know how their latest developments regarding token distribution. or maybe there is some other reason for that. but what is clear is only an example that the Escrow project is not necessarily guaranteed.
Escrow projects can turn to scam, the project team can decide to change smart contract after paying all bounty hunters the tokens, escrow doesn't guarantee anything, also most new projects don't have their tokens alive when bounties is ongoing, they tend to create token smart contract later so tell me how will escrow be done in such way?
We keep talking about escrow over and over, it's a good idea indeed but majority of bounty projects that I promoted never introduced escrow and still they paid good amount of rewards to their promoters, I would like to ask the audience too, how many escrowed bounty projects have you joined?
in my opinion escrowed bounty is quite important, because a scam project bounty is very difficult to detect, and now more and more people are taking advantage of it for personal gain, so in my opinion escrowed bounty is very much needed, besides making it easier to achieve the goals of the project, it can also attract investor interest and trust
for escrow matters, these are often managed by well-known managers like Hhampuz, Bounty Detective, Bubbalex etc. It is even safer if the project you are participating in uses a payment system using btc, I remember if I am not mistaken new managers like SmallRabbit First time managing Amepay projects using the btc payment system in the signature section.
In my opinion, BountyDetective is not transparent enough. There is a misunderstanding that the project he manages I have participated in and did not get paid at that time. I am really disappointed with him so far not getting my rights.Escrow is actually important, but we often encounter many devs and campaign managers who don't use escrow. when a dispute occurs while the funds are in escrow all will be resolved by the initial agreement. However, if it is in the bounty rules manager, there will be many problems, from reducing the amount to delaying payments
Escrow is important. Sometimes bounty hunter not get their payment.
Sometimes bounty manager cheating with hunters. and some time projects isn't distribute tokens.
It’s better, If Escrow distribute tokens directly to bounty hunters.
Sometimes bounty manager cheating with hunters. and some time projects isn't distribute tokens.
It’s better, If Escrow distribute tokens directly to bounty hunters.
What about having escrowed rewards, which turned to cost zero? Will it still be important and if the answer is yes, then why?
The number of bounties I've participated has passed the mark of 250. I've been cheated, got huge rewards and experienced everything. I'm not 100% sure, but among all these bounties, less than 5 had such a benefit as escrow. In general, I have a positive experience of bounties without escrow. Personally, I dont care if there is escrow or not. I just dont join every available campaign, I dont expect much from bounties and now dont feel disappointed if I dont receive rewards.
for escrow matters, these are often managed by well-known managers like Hhampuz, Bounty Detective, Bubbalex etc. It is even safer if the project you are participating in uses a payment system using btc, I remember if I am not mistaken new managers like SmallRabbit First time managing Amepay projects using the btc payment system in the signature section.
Escrow isn't everything, even reputable bounty managers are been used by scam projects too, you need to be in charge of decision making so don't rely on others, so your own research very well and accepts whatever happens later, not all bounty projects from bubbalex and others become successful, that's reality
for escrow matters, these are often managed by well-known managers like Hhampuz, Bounty Detective, Bubbalex etc. It is even safer if the project you are participating in uses a payment system using btc, I remember if I am not mistaken new managers like SmallRabbit First time managing Amepay projects using the btc payment system in the signature section.
certainly the use of an escrow in a bounty campaign would greatly increase the quality of the same and the trust in the project of the bounty hunters but it is not always necessary sometimes it is enough to rely on serious, trusted campaign managers
maybe now only a few bounty managers use escrow services in their projects and most of the projects that use escrow are usually projects that use eth or bitcoin as a means of payment for participants. I see very few projects that do use escrow for token payments and usually project bounty token payments will be made by the project team after the project is complete and the final spreadsheet has been sent by the bounty manager.Jump to: