Topic: Escrowed very important for bounty? - page 15. (Read 51390 times)
Escrowed is only a bounty payment guarantee service but does not guarantee that you will receive payment according to ICO/IEO prices even you only receive dust tokens, take a look at this bounty thread [ENDED] DAXICO CRYPTOCURRENCY EXCHANGE | __________BOUNTY POOL w/Escrow _______
I think this suggestion is all too often cited as an attempt to secure campaign fund for bounty hunter. But in fact there are still quite a lot of manager who haven't implemented it because in my opinion they don't have enough fund to guarantee payment via escrow.
2. It is the responsibility of all bounty participant, taking some time to analyze project detail is the recommended way when joining the bounty. Joining blindly would be a waste of time without getting paid accordingly.
1. Reputable bounty managers
2. High quality bounty projects
1. The manager does not guarantee that the bounty will be successful and that the payment will be made according to the procedure. There are several manager who want to be responsible for paying bounty participant and the rest only manage bounty and receive payment. A quality manager is highly recommended as it will be easy to identify good potential project.2. High quality bounty projects
2. It is the responsibility of all bounty participant, taking some time to analyze project detail is the recommended way when joining the bounty. Joining blindly would be a waste of time without getting paid accordingly.
Comment on red:
- Keep in mind that many projects don't want or can't give escrowed funds/tokens. Either they don't trust the escrow, because lets face it, when a project comes from non crypto space, they hardlly know anyone and can judge who's legit or not, or they're waiting for TGE
Comment on green:
- This sadly almost never happens. Last bounty i ran (ASM) is listed on coinone exchange. And after 8 weeks, i get people telling me "please tell coinone or team to enable people from bangladesh to sell on coinone". I mean FFS, 1st thing you do is check if you can register on the exchange, and then spend 6 weeks working on the bounty.
I think this suggestion is all too often cited as an attempt to secure campaign fund for bounty hunter. But in fact there are still quite a lot of manager who haven't implemented it because in my opinion they don't have enough fund to guarantee payment via escrow.
2. It is the responsibility of all bounty participant, taking some time to analyze project detail is the recommended way when joining the bounty. Joining blindly would be a waste of time without getting paid accordingly.
1. Reputable bounty managers
2. High quality bounty projects
1. The manager does not guarantee that the bounty will be successful and that the payment will be made according to the procedure. There are several manager who want to be responsible for paying bounty participant and the rest only manage bounty and receive payment. A quality manager is highly recommended as it will be easy to identify good potential project.2. High quality bounty projects
2. It is the responsibility of all bounty participant, taking some time to analyze project detail is the recommended way when joining the bounty. Joining blindly would be a waste of time without getting paid accordingly.
I can made mention of ten different bounties that paid bounty hunters this year without escrowing the rewards, as if escrow have been changing every bounty problems, ARCS from bounty detective was the only escrowed bounty that make sense, it's not about escrow, let's stop fooling ourselves, it's all about ..
1. Reputable bounty managers
2. High quality bounty projects
1. Reputable bounty managers
2. High quality bounty projects
You have pointed out a very important matter. Bounty managers should escrow the bounty reward as Bounty Detective does in some campaigns. After promoting a project for a long time, the team members begins drama when it ends. If the fund is escrow, no one will have to watch this drama anymore.
Lol bounty detective escrowed many scam projects and bounty hunters end with nothing after several months of working hard, is escrow the answer to bounty payments problem? I don't think so, the answer is a qualified and reliable bounty manager 
yes, if there is escrow a little tired of distribution because of using a third party as a representative for reward distribution
because now personally there are so many bounties that don't pay when it's finished, there are lots of reasons for the project not to distribute the token bounty, and maybe if there is an escrow it can reduce the uncertainty when the bounty tokens are distributed, because it's certain if there is a new token project and using an escrow service is likely not a scam bounty because the project has already spent money on escrow
provided that you use a trusted escrow service
because now personally there are so many bounties that don't pay when it's finished, there are lots of reasons for the project not to distribute the token bounty, and maybe if there is an escrow it can reduce the uncertainty when the bounty tokens are distributed, because it's certain if there is a new token project and using an escrow service is likely not a scam bounty because the project has already spent money on escrow
provided that you use a trusted escrow service
You have pointed out a very important matter. Bounty managers should escrow the bounty reward as Bounty Detective does in some campaigns. After promoting a project for a long time, the team members begins drama when it ends. If the fund is escrow, no one will have to watch this drama anymore.
Escrow my foot, many projects from 2019 don't use escrow and they've paid large amount of rewards to bounty hunters, I'm not interested in escrow, I'm more into bounty campaigns with limited participants and good BM managing the project.
I don't bother myself much with bounties that are Escrowed or not, I just make sure that the bounty manager is a very active one, getting paid or not is on the bounty manager, we don't have to say anything with the project team, bounty manager is the one to face that and make sure we all get paid.
I was a Bounty Hunter before and I know exactly how this is important for the participants and so as for the manager to preserved his credibility or else he will also take some damage of reputation if he promotes some successful bounties that aren't paying to their participants. As I myself can testify about some projects that aren't paying their bounty participants after they successfully promote their project. I don't know what these people thinking by cheating those who helped them achieved their goals with their project. No one can deny these things because they are happening every year. You cannot do anything except to watch the token's price while waiting for a miracle to get your rewards from those scammers.
Keeping the coins in escrow is important, as I know 2-3 cases where the bounty campaign manager ran away with all the tokens leaving the campaign participants high and dry. But it is not as important as the success of the project. If the project fails to achieve the soft-cap level, then there is no point in distributing the tokens. Because they will be worthless.
If from the very beginning of bounty companies, bounty managers already have tokens on their cryptocurrency wallets, then this will attract more bounty hunters, because bounty hunters are most involved in bounty companies where bounty managers already have tokens, so I am sure that all bounty haunters want so that all bounty would be escrowed.
Not necessarily it will attract because bounty hunters are looking more on the value of the project than the security. What would they expect if the project will fail, how would thy dispose that bounty tokens they receive in their wallet?
Yes, to put the bounty reward into escrow would help but it's not really the one that gives a value to the project or bounty.
Reputation matters a lot. I'll give you an example, Binance running their campaign to be paid in BNB, not escrow, the other one is new, with escrow.
Which one you'll choose and why?
If from the very beginning of bounty companies, bounty managers already have tokens on their cryptocurrency wallets, then this will attract more bounty hunters, because bounty hunters are most involved in bounty companies where bounty managers already have tokens, so I am sure that all bounty haunters want so that all bounty would be escrowed.
Escrow is important but not a must, some project has bad teams that only want to take advantage of bounty hunters, this is why escrow is very important, although we can't force the team and it's bounty managers that are suppose to make this a must for the project teams
I really support the existence of escrow for bounties, but in fact they don't care about bounty hunters, there are many bounties at this time, I don't find a bounty using escrow. in fact, bounty hunters must be really careful with what they do, must be good at choosing a bounty project that really pays, but it is really difficult to find it.The last bounty I paid was MoneyToken
Sorry to say but Escrow is not important, it's bounty managers duty to make sure that we all get paid, here is what a bounty manager needs to manage a clean campaign
1. Limiting participants
2. Implement proof of Authentication for all participants
3. For his/her reputation sake BM should pick very promising projects only
1. Limiting participants
2. Implement proof of Authentication for all participants
3. For his/her reputation sake BM should pick very promising projects only
The problem is that you, if you are determined to be working to check the bounty on that project, i think you must somehow know how to check the credibility of that project.
It is still important that you need time to reexamine the projects you've worked on, are they really valuable, or are you just working on meaningless projects. We should not blame the margin issue on the bounty or not, as i don't think it matters in the process of accompanying the project.
It is still important that you need time to reexamine the projects you've worked on, are they really valuable, or are you just working on meaningless projects. We should not blame the margin issue on the bounty or not, as i don't think it matters in the process of accompanying the project.
Does sound like an impasse already that there will be no negotiations anymore between parties. This is supposed to be a mutual relationship between the team and the bounty hunters who tirelessly promote their project which contributes to the success of the team. If there is nothing that will guarantee the bounty hunters to get paid, why should they be participating?
Escrow doesn't even guarantee at all because in any time the team can change the contract address of the token.
If the team has the intention to ignore the bounty hunters, they will just replace the contract address with a new one and the tokens escrowed are going to be worthless. So much for the escrowed tokens. There had been many cases where the team updates the contract address.
The teams who didn't pay bounty hunters surely has the intention to do that. They could just be delaying so they can dump what they have before paying the hunters. They could be paying but there is the question of good faith already.
Im sure everyone is agreeing with you on this and i know its a good idea but im pretty sure most of this project wont agree to it... most of them look for stupid reasons to back out of payments especially does really successful projects then they start adding unnecessary additional rules just to rip hunters out of there rewards thinking the money they would make would be too much.... SERO is an example of such project , that project did all hunters dirty and only paid us like 3-5% of our initial rewards because they know we couldn’t do anything about it
Manager find it difficult to get Team that are ready to escrowed payment, even the professional legendary/Hero members aren't left out.
We can only hope to get paid since it's not really a physical Job that one can locate his employers. I tried as much to select good ones and hope it pays in the future.
To be at safer side, I only Joined with Campaigns that are Hosted by managers with good trust. (between 2 and above).
We can only hope to get paid since it's not really a physical Job that one can locate his employers. I tried as much to select good ones and hope it pays in the future.
To be at safer side, I only Joined with Campaigns that are Hosted by managers with good trust. (between 2 and above).
Jump to: