Escrowed very important for bounty? - page 13.

Zeehaxan

member

Activity: 294

Merit: 10

WhalesHeaven - Custody Free Swap Exchange

Quote from: Jocuserious on October 31, 2020, 12:40:56 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

It would be great but we should remember that it is an open market without any regulation so let all kinds of projects and campaigns come up, as a responsible person bounty hunter should choose to promote only quality projects with most favorable conditions as a result the fake, scammy campaigns will be discouraged naturally.

Strotman

member

Activity: 588

Merit: 10

Bounty Detective

Quote from: ?? on ??

Quote from: Strotman on November 02, 2020, 03:01:52 PM

I agree that the introduction of Escrow accounts for bounty campaign remuneration is a necessary action, since there have already been precedents that projects are beginning to delay payments. As for the fact that the number of bounty hunters will decrease, it's hard to believe. Some will leave and others will take their place.

Yes. Using a escrow in every bounty campaign could increase the trust of bounty hunters that they will get their rewards once the campaign ends without any delay. But there is still no assurance that the tokens will be worth anything because most of the time, tokens get dumped and lose their value after every campaign ends and that makes the bounty hunters lost their interest in bount projects.

We all understand that participation in the bounty campaign is akin to playing Russian roulette - you can either earn good money or nothing(or almost nothing). So every bounty hunter should sensibly assess their chances of earning money.

restuibu

full member

Activity: 994

Merit: 100

so that everything can go well, the forum must determine new rules before running the bounty otherwise it will only be a suggestion that will never be achieved/implemented

so now we are just waiting for the policy from the forum admin

oblige escrow so that they can't be unfair to the hunter

slashz9

full member

Activity: 1554

Merit: 101

important but does not guarantee that the project will be successful, because what is guaranteed is the token. you can get the token but if there is no exchange to exchange it then it is of no value at all.

longyenthanh

sr. member

Activity: 1221

Merit: 250

Quote from: Novatech8 on November 03, 2020, 03:20:12 AM

What escrow can fix

1. Payments ( coins or tokens ) guaranteed

What escrow can't fix

1. The coins or tokens value can dump tremendously
2. Project exiting scam even before bounty ends.

Do we really need escrow? Well yes but it won't fix all issues that's presently plaguing bounty projects

If token escrow will become important and popular for bounty hunters and managers, then we would think how to solve the other problems: exit scam and price dump after listing on exchange.

The token value could be protected by, for example, distributing the tokens over an extended period of time, such as every two months during a year.

The exit scam is actually unpredictable. The only way is to thoroughly research the project and the people that staying behind it.

pinggoki

sr. member

Activity: 1666

Merit: 426

Actually I've really like to join bounty campaigns that has escrowed because there is an assurance that the project will eventually paid the bounty hunters or the bounty participants on the said project, just like for example on the signature campaigns that are escrowed because the participants guaranteed that they will get the fruit of their labor. At the end of the day the project manager will be the one to decide if they will allowed escrowed on their projects or not.

fishbonez11

full member

Activity: 322

Merit: 116

Quote from: Dr.Osh on November 03, 2020, 07:06:36 AM

Quote from: Zemomtum on November 02, 2020, 06:59:19 PM

I have been a victim of this severally and the best thing to do is to have the bounty escrow, this will guarantee payment of reward at the end of the campaign.

One of the risks of not using an escrow project is, you will not get paid for it, and escrow prevents us from avoiding that. however, the use of escrow in all projects will avoid a scam risk of payment. actually, I have also been a victim of several bounties like that. but, that is the risk. Some projects that use Escrow sometimes have payments that are not that large.

Bounty projects are not as how it works during 2017, hunters are getting more than what they have work for. But today, its really hard to find a good project. I notice that a real project (which are really paying) allocate a small amount for bounty campaigns. So its either you join to a not paying campaign or a paying campaign which only gives really small amount. I think, the development teams have learned from what happened before, bounty hunters usually causes the project to fall since most of hunters dumps their stake once the coin is set into an exchange.

cheezcarls

hero member

Activity: 2282

Merit: 659

Looking for gigs

Quote from: Jocuserious on October 31, 2020, 12:40:56 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

Totally agree about escrow as the undisputed solution between the project and bounty hunters for fair distribution. If most of the bounty hunters think that bounty managers are the “escrow”, absolutely not. Notable bounty managers like julerz are using escrow to make sure everything’s fair. This is something that most of the projects and bounty managers are not doing which their reputation is totally affected. Just saying.

Dr.Osh

legendary

Activity: 2758

Merit: 1004

Buzz App - Spin wheel, farm rewards

Quote from: Zemomtum on November 02, 2020, 06:59:19 PM

I have been a victim of this severally and the best thing to do is to have the bounty escrow, this will guarantee payment of reward at the end of the campaign.

One of the risks of not using an escrow project is, you will not get paid for it, and escrow prevents us from avoiding that. however, the use of escrow in all projects will avoid a scam risk of payment. actually, I have also been a victim of several bounties like that. but, that is the risk. Some projects that use Escrow sometimes have payments that are not that large.

bunglor

full member

Activity: 648

Merit: 114

escrow indeed is an important thing it is like a security for the safety of the bounty hunters but until now only few or only rare of the bounty campaign projects are using this I'm not quite sure the reason but for me hiring an escrow service would benefit them since many bounty hunters will join the only cons is that the number of abusers, alt account users and cheaters will increase as well.

Novatech8

member

Activity: 700

Merit: 27

Sovryn - Brings DeFi to Bitcoin

What escrow can fix

1. Payments ( coins or tokens ) guaranteed

What escrow can't fix

1. The coins or tokens value can dump tremendously
2. Project exiting scam even before bounty ends.

Do we really need escrow? Well yes but it won't fix all issues that's presently plaguing bounty projects

_IRMAN

copper member

Activity: 1400

Merit: 103

Escrow is important, but in my opinion there is something even more important, namely doing research on projects. Currently, there are many projects that are not clear and many are following it, and in the end Hunters are not paid. Escrow goes into important No.2 in my opinion, because the average good project will definitely pay the hunter, otherwise it will destroy the reputation of the project. In fact, even though the token has been escrowed, if the project is not good / scam, it's the same in the end we will only get trash.

longyenthanh

sr. member

Activity: 1221

Merit: 250

Quote from: ?? on ??

Quote from: gaston castano on November 01, 2020, 02:35:19 PM

if hunters will decrease, that means crypto is no longer in demand. no matter how many projects deceive the participants, there will always be projects that are honest and will pay off the participants. although the comparison is small.
the escrow token does not guarantee that the project will be successful, you will get your token but you cannot sell it.

If bounty hunters decrease that means crypto is no longer in demand? You must be joking, do you know how many new projects launched their projects without introducing any bounty campaigns? They are many than those who use bounty hunters for promoting their projects

I don't really understand what crypto demand has to do with escrow for bounty campaigns .. Roll Eyes

Of course, more frequent scams made by developers make bounty campaigns more risky, less profitable, and this reduces the number of bounty hunters.
If escrow were widely used by bounty managers, I'm sure bounty hunters would feel a lot safer.

Shadovka

member

Activity: 896

Merit: 10

Quote from: Jocuserious on October 31, 2020, 12:40:56 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

I agree with the fact that escrowed is very important to safeguard the rewards for bounty hunter, however i think the most important thing for a bounty hunter is that the ICO should be of value and when an ICO has value in it most probably they will not hold the coins and not distribute it to the bounty hunters, if the ICO hold up bounty hunters rewards which is just a small percentage compare to what they are issuing they are risking their project as the potential investors and hunters will hold back on whether to invest in this project anot.

LogitechMouse

legendary

Activity: 2576

Merit: 1043

Need a Marketing Manager? |Telegram ID- @LT_Mouse

Giving the funds to the escrow doesn't mean that you will get reward on bounty hunting.
Yes there is a higher chance that you will get the token when using escrow but are you sure that it will have value in the end??

Probably there are some bounty campaigns that used an escrow but when I'm in bounty hunting, I didn't participate in any campaigns that has an escrow as they are refusing on it. Maybe there are some today that are using escrow but after all, it doesn't change the fact that it will either you gain money or you will not.

rodskee

full member

Activity: 2576

Merit: 205

Quote from: Jocuserious on October 31, 2020, 12:40:56 AM

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

Escrow is always the best way to save everything from disaster but never forget that this is depend in which team you are working for.
Because if the company that is involved are being here for long time and has a good reputation,there is no need for escrow as they surely don't wanna derailed their company just for small amount of payments for the hunters.
and also people here are now knowledgeable and will not join if they felt like scamming is happening again.
Aside from those literally cheater in bounties that they are using this field to feed their entire clan from bounty rewards.

kayvie

sr. member

Activity: 1022

Merit: 257

Quote from: jademaxsuy on November 02, 2020, 06:40:55 PM

Yes, but it could also mean that the rewards could be taken away from the escrow service. So, better if the fund will be escrowed it should be to a good member of the forum that is trusted to keep the funds and will not just dissappear after receiving the funds. However, mostly of the project owner escrowed their funds to trusted escrow members and to join an escrowed project bounties is to check whether the escrow service provider is trusted or not because it will going to matter.

Of course, that should be the case. I am sure, a good bounty manager will either find a trusted escrow service or he will be the one who will serve as an escrow (only applicable to known bounty manager). This have been done before but nowadays, I haven't seen any managers do this. More like the project always wanted to hold the funds than they will use escrow.

Lrshohag

jr. member

Activity: 319

Merit: 1

Now a days it is very difficult to earn money from bounty.
Because bounty team are not paying to hunter. They cheat with us. They show the reason ETH gas fee is very high.

themohit

full member

Activity: 194

Merit: 100

Quote from: Jocuserious on October 31, 2020, 12:40:56 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

Is there a common solution to this?
Or any signs of good projects before you invest time and effort in it?

WalkerIVIV

hero member

Activity: 2436

Merit: 503

Cryptocasino.com

Quote from: Zemomtum on November 02, 2020, 06:59:19 PM

I have been a victim of this severally and the best thing to do is to have the bounty escrow, this will guarantee payment of reward at the end of the campaign.

Escrow is the best decision that can be taken by the manager to make sure the participants got their payment but it will not give guarantee if your coins will worth decent money. Just see what's happening with youc and we have learned a lot from there.
At least escrow will help the hunters deserve what they can get from their efforts.
The escrow must become a new standard in managing the campaign or bounty campaign.

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