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Topic: Escrowed very important for bounty? - page 11. (Read 51400 times)

member
Activity: 462
Merit: 19
November 07, 2020, 07:33:10 AM
I'm sure you guys are aware that there are some bounty campaigns that the project team are managing themselves, how about those projects? How can they use escrow since nothing is standing in between the project and bounty hunters? This won't work
member
Activity: 462
Merit: 19
November 07, 2020, 07:29:04 AM
Yes escrow is the only way to get rid of cheating project team, they always find it hard to pay once bounty campaign is over, I like this idea but this won't be effective as it's just a thought, only bounty manager has the power to start forcing escrow on new project on his forum, I do hope this works
full member
Activity: 1099
Merit: 116
November 07, 2020, 07:00:28 AM
Almost all projects are cheating and refusing to give tokens at the end of bounty management. It's really sad that hunters work hard but they don't get tokens as a rule..

When the bounty is over, the team is making new plans so that they can easily escape by cheating.

I would like to say to all professional managers that Escrowed is very important and all of you should follow it.

Just in my opinion
Otherwise
1. Hunter will decrease
2. Team cheating step will increase


Now almost all bounties cheat the humble bounty hunters after bounty ended except few ones. This scenario happens only for the inexistence of Escrowed. If a project wants to run bounty, should firstly paid the rewards to the trusted Escrowed in this forum. Then Escrowed will declare that their payments is safe to the wallets and now team can run bounty. After bounty ended, payments can be sent from Escrowed wallet. This is the fine way to stop cheating.
sr. member
Activity: 1638
Merit: 255
November 07, 2020, 05:48:05 AM
One benefit of escrow is that managers and bounty hunters alike will get paid. So it will minimize the cheating committed by projects
that intend to run after getting investor funds, or after their project is successful.
It can even avoid unilateral decisions if there is a sudden reduction in bounty funding by the project.
In addition, payments for participants and managers can be on time in accordance with the mutually agreed rules.
sr. member
Activity: 1596
Merit: 335
November 07, 2020, 05:40:36 AM
Having an escrow for bounty funds builds trust and confidence. Bounty hunters can work securely with funds escrowed since some projects cheat bounty hunters after working for a long time promoting a project. But having an escrow is worthless if the reward is worthless too.
sr. member
Activity: 1221
Merit: 250
November 07, 2020, 04:36:07 AM
Escrow is very important for bounty just like the op have rightly said, and this is because many projects Today can't be trusted anymore, they hire people to promote their brand and after the whole work have been done, payment becomes an issue for them, though not all projects are like this cus I know there are some that are well trusted, but among the new ones, how do we trust them.
Projects keep doing this because they know they can get away with it, there are so many people doing bounties that they know that even if a significant number of bounty hunters refused to participate on their campaigns they will still have enough people to participate and treat them in whatever way that they want, when I think about it I cannot help but feel a little bit of pity for those people as they are willing to work on the worst possible conditions just to receive some tokens that at the end may not be worth anything at all.

In most cases, I don't feel sorry for those who join a campaign that looks like a scam at first glance. Unfortunately, sometimes I get the feeling that half or even most of the bounty hunters are farmers and bots. They apply to campaigns when in threads experienced users clearly warn that it is a scam. And then I absolutely do not feel sorry, because I think most of them are scammers. So let the scammers cheat on the scammers - this is a draw. If someone does not want to spend a few minutes to read the rules and half an hour to check the project, I think it is laziness and if he loses his time because of it, I do not feel sorry for him either. And in such cases, escrow will not help anyway.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
November 06, 2020, 12:29:30 PM
Escrow is very important for bounty just like the op have rightly said, and this is because many projects Today can't be trusted anymore, they hire people to promote their brand and after the whole work have been done, payment becomes an issue for them, though not all projects are like this cus I know there are some that are well trusted, but among the new ones, how do we trust them.
Projects keep doing this because they know they can get away with it, there are so many people doing bounties that they know that even if a significant number of bounty hunters refused to participate on their campaigns they will still have enough people to participate and treat them in whatever way that they want, when I think about it I cannot help but feel a little bit of pity for those people as they are willing to work on the worst possible conditions just to receive some tokens that at the end may not be worth anything at all.
full member
Activity: 809
Merit: 100
November 04, 2020, 09:48:16 PM
I think Escrow is very important, but we look at the state of the token situation, for example it is already on the market and the price will not fully accommodate the bounty hunters who will collect the tokens, so in essence Escrow is mandatory and the distribution of bounty hunters is around one to two months in my opinion it is also mandatory to keep increasing the value of the tokens on the market
full member
Activity: 744
Merit: 100
Join On COMBO
November 04, 2020, 06:23:27 PM
of course it is very important, because with an escrow bounty it will feel safer,
and there are no acts of fraud, so far I have seen Bounty Detective using an escrow from their own team,
but remember you have to find a good bounty and a good bounty manager too.
full member
Activity: 652
Merit: 103
November 04, 2020, 06:03:24 PM
Indeed, escrow should be used for all bounty campaigns, So the project team does not harm bounty hunters by delaying payments or
not even paying tokens to bounty hunters. The problem is not the bounty managers don't want to use escrow, sometimes the projects
team rejects it. So it's very rare that I find a bounty campaign that uses Escrow, even though escrow is very important to ensure bounty
hunters get paid.
using escrow doesn't mean that the project won't fail or not become a scam project. i ever joined the bounty that paid me with their token and using escrow. but from the day after the  distribution until now, they don't hit any single market. it almost a year. they listed their token in DEX but doesn't have any liquidity. so escrow doesn't guarantee you with a good and legit bounties.
member
Activity: 431
Merit: 18
November 04, 2020, 05:42:54 PM
the escrow technique will cause bounty to get its privileges decisively if the group from the project would not like to pay bounty, so bounty tracker can work serenely unafraid if toward the finish of bounty they not get paid, in light of the fact that bounty tracker will get paid if bounty utilizes escrow, in this manner I concur with you if escrow is significant for bounty
However, using escrows also pose a different kind of problem, this can be a problem of trust and transparency between all parties involved. With escrows, there is always a chance of fallout between the escrow and project team which may lead to one or both parties losing the public trust.
member
Activity: 713
Merit: 15
November 04, 2020, 04:11:06 PM
I concur with you, and if this Escrow is applied by the discussion directors and the bounty directors on all the bounties and not just the week by week bounties, this will dispose of scam to a huge degree, and the project group must send half of the project tokens to the bounty administrator prior to beginning so the bounty hunters can be sure that they will at long last get their privileges, and the hunters ought to pick a bounty supervisor who has positive trusts before work.
sr. member
Activity: 1936
Merit: 290
November 04, 2020, 03:04:44 PM
Escrow isn't very important

1. Bounty managers should be what matters to you most
2. Reputable bounty managers brings high quality projects
3. Escrow doesn't guarantee better price per token
4. Scam projects can be escrowed too
Many high quality projects are creating a similar situation. Also this year i saw some of the best projects that have changed many times while distributing tokens to hunters. The amount of bounty tokens was very low so there are also projects trying to cheat so if you don't support escrowed then support token distribution weekly.
full member
Activity: 1736
Merit: 116
November 04, 2020, 01:42:50 PM
Indeed, escrow should be used for all bounty campaigns, So the project team does not harm bounty hunters by delaying payments or
not even paying tokens to bounty hunters. The problem is not the bounty managers don't want to use escrow, sometimes the projects
team rejects it. So it's very rare that I find a bounty campaign that uses Escrow, even though escrow is very important to ensure bounty
hunters get paid.
sr. member
Activity: 1221
Merit: 250
November 04, 2020, 09:37:35 AM
Escrow isn't very important

1. Bounty managers should be what matters to you most
2. Reputable bounty managers brings high quality projects
3. Escrow doesn't guarantee better price per token
4. Scam projects can be escrowed too

And with everything you wrote, I fully agree.
But escrow protects you from something else that also happens sometimes. Even if the project is legit and the dev team is very professional, it may happen that they are not satisfied with the effects of the campaign and decide to reduce the bounty pool. Most bounty campaigns have in rules that owner or manager can change it at any time. The effect of the campaign does not depend directly on the participants. This is what escrow can protect against.
hero member
Activity: 2464
Merit: 519
November 04, 2020, 09:35:37 AM
This method has actually been applied several years ago, because in the past there was an ICO trend, so the use of Escrow was removed and it is no longer used for bounties, if the Escrow solution is turned on again, it doesn't matter if it avoids bounty project fraud, but if not there is a change so looking for a better solution besides using Escrow, actually I really agree with the bounty campaign using Escrow because it will reduce the height of fraudulent projects that are very clever at hiding their cunning ...
Bounty managers have served more as escrow before and we still have some credible managers that can be escrow e.g yahoo62278 but the betrayal of trust my some managers had reduced the trust from teams and bounty hunters. They increase the numbers of participants after bounty and hoard a good some of the reward, several scam acquisitions. Somehow the news get to teams when bounty hunters detect and complain, these are some of the consequences.
full member
Activity: 630
Merit: 102
November 04, 2020, 09:26:00 AM
This method has actually been applied several years ago, because in the past there was an ICO trend, so the use of Escrow was removed and it is no longer used for bounties, if the Escrow solution is turned on again, it doesn't matter if it avoids bounty project fraud, but if not there is a change so looking for a better solution besides using Escrow, actually I really agree with the bounty campaign using Escrow because it will reduce the height of fraudulent projects that are very clever at hiding their cunning ...
member
Activity: 378
Merit: 15
November 04, 2020, 09:21:31 AM
Escrow isn't very important

1. Bounty managers should be what matters to you most
2. Reputable bounty managers brings high quality projects
3. Escrow doesn't guarantee better price per token
4. Scam projects can be escrowed too
member
Activity: 746
Merit: 10
https://axiomapay.com/
November 04, 2020, 08:56:44 AM
I really support escrow for bounties, but in fact they don't care about bounty hunters, a lot of bounties nowadays, I can't find a bounty using escrow. In fact, bounty hunters must be really careful with what they do, they must be good at choosing the bounty project that really pays. especially pay attention to the manager who manages the project you want to follow.
member
Activity: 252
Merit: 11
November 04, 2020, 08:52:45 AM
I`ve already seen examples of pre-funded bounty cmapaigns and they are obviously more successful, than common, because hunters know that they will receive reward, so they work better. I`m talking about Bounty0x. It`s a good platform where since not so far have appeared rule for projects who want to arrange bounty on the blatform. It makes projects pre-pay bounty reward allocation to platform admins to avoid any changes in bounties and increase bounty trust
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