Topic: How can one make effective use of the Excrow? - page 2. (Read 266 times)
that is indeed a good suggestion but the problem is, not all projects that do it even I know that until now Escrow only has project tokens and no usdt guarantee
I don't care about escrow, 99% of projects I promoted this year are not Escrow and they all paid what they own bounty hunters, it's not a must to promote bounties, if you don't see a high quality project just wait until a good one comes, don't take unnecessary risks with projects you aren't certain that will be successful, If you know how to do good research you will easily identity promising bounty projects
Good point mate and i agree on this but of course Escrows here are mostly old accounts and they know for sure why they are not having this same idea as yours.
But yeah stable coin is much safer than volatile currencies and for both parties to be in safe place while the trade is happening .and even in waiting the value will remain intact and i'm sure this is the reason why Stable coins are created.
But yeah stable coin is much safer than volatile currencies and for both parties to be in safe place while the trade is happening .and even in waiting the value will remain intact and i'm sure this is the reason why Stable coins are created.
Everyone keeps talking about escrow but I don't see them wearing Escrowed only signature campaign banner, if you really want only escrowed campaigns stop promoting projects that aren't Escrowed, once the number of hunters that want Escrow increase your voices might be heard, this shows that you aren't practicing what you are preaching
Excrow are defined as a third party that guarantees safe exchange of goods and services between other agreed parties under description.
Of late excrows are considered as the secured guarantee for safe payment of bounty rewards to bounty Manger and then bounty hunters.
But then a couple of this projects think they are so smart that even a night before an IEO, they do change the smart contracts of their tokens rendering whichever token in excrow worthless.
So i suggest that excrows should not only hold the tokens but also be given usdt value of the tokens as well, so that incase it turns out in the wrong direction the usdt can cater for it..
Your suggestions?
I agree with the escrow part but getting paid in USDT? No I don't want that because tokens are more valuable than USDT unless you promote a crap project that have no good utility which will never attract good investors or raise enough money for development, we all have different skills of doing research, I believe in my own skill, USDT is not for me Of late excrows are considered as the secured guarantee for safe payment of bounty rewards to bounty Manger and then bounty hunters.
But then a couple of this projects think they are so smart that even a night before an IEO, they do change the smart contracts of their tokens rendering whichever token in excrow worthless.
So i suggest that excrows should not only hold the tokens but also be given usdt value of the tokens as well, so that incase it turns out in the wrong direction the usdt can cater for it..
Your suggestions?
Excrow are defined as a third party that guarantees safe exchange of goods and services between other agreed parties under description.
Of late excrows are considered as the secured guarantee for safe payment of bounty rewards to bounty Manger and then bounty hunters.
But then a couple of this projects think they are so smart that even a night before an IEO, they do change the smart contracts of their tokens rendering whichever token in excrow worthless.
So i suggest that excrows should not only hold the tokens but also be given usdt value of the tokens as well, so that incase it turns out in the wrong direction the usdt can cater for it..
Your suggestions?
If you are to choose between a very promising project that has no Escrow and another project that has escrow which one will you pick? It's better to start choosing projects based on their quality, forget about Escrow because it doesn't matter much, you can get Escrowed tokens and the still send them for pennies, let high quality projects be your first aim, how many Escrowed bounty projects paid hunters this year so far? Oh! Many are from bounty detective team and they are all crap projects Of late excrows are considered as the secured guarantee for safe payment of bounty rewards to bounty Manger and then bounty hunters.
But then a couple of this projects think they are so smart that even a night before an IEO, they do change the smart contracts of their tokens rendering whichever token in excrow worthless.
So i suggest that excrows should not only hold the tokens but also be given usdt value of the tokens as well, so that incase it turns out in the wrong direction the usdt can cater for it..
Your suggestions?
I can list many successful bounty projects this year that don't use escrow and they kept their promises, every participants were paid and the tokens have good value, escrow is not a necessity it's wiser to spend time learning how to promote good projects or wait for top bounty managers to introduce new campaigns
Excrow are defined as a third party that guarantees safe exchange of goods and services between other agreed parties under description.
Of late excrows are considered as the secured guarantee for safe payment of bounty rewards to bounty Manger and then bounty hunters.
But then a couple of this projects think they are so smart that even a night before an IEO, they do change the smart contracts of their tokens rendering whichever token in excrow worthless.
So i suggest that excrows should not only hold the tokens but also be given usdt value of the tokens as well, so that incase it turns out in the wrong direction the usdt can cater for it..
Your suggestions?
Of late excrows are considered as the secured guarantee for safe payment of bounty rewards to bounty Manger and then bounty hunters.
But then a couple of this projects think they are so smart that even a night before an IEO, they do change the smart contracts of their tokens rendering whichever token in excrow worthless.
So i suggest that excrows should not only hold the tokens but also be given usdt value of the tokens as well, so that incase it turns out in the wrong direction the usdt can cater for it..
Your suggestions?
don't have to. because if there is such a problem, the proceeds from the sale of tokens are still in Excrow's hands. So whatever the project team does they get nothing. so the project team doesn't have to provide any kind of collateral like USDT or any other stablecoins. they just pay the Excrow service fee.
Escrow is good but not a must, you can even miss many good projects if you force escrow on new projects because I've heard few reputable bounty managers complaining that even high quality bounty projects don't want to accept Escrow, the moment they talked about Escrow the team will stop replying and find another bounty manager that don't care about Escrow
Well, the best way of doing something without having to think twice us when it's being esrowed by 3rd party. Just like bounty, many project owners have disappointed hunters by not paying after work was done. With bointy being escrowed by sinxer bounty manager, users are sure if their payments than double mind.
Escrow is always held by a third party. It cannot be possible for an escrowed fund to be held in escrow by either of the parties involved in the transaction.
OP is having problems and troubled by escrowed funds held by third parties such as bounty managers because the owners of the token themselves change the smart contracts of their own tokens. That means previous tokens are becoming useless and worthless. So it somehow makes the use of escrow useless as well.
Well, the best way of doing something without having to think twice us when it's being esrowed by 3rd party. Just like bounty, many project owners have disappointed hunters by not paying after work was done. With bointy being escrowed by sinxer bounty manager, users are sure if their payments than double mind.
One of the best things to do to not get rekt by these kinds of bounty campaigns is checking first their Terms Of Services, especially in their bounty campaign, you should check if there is term that they are allowed to change the mode of payment for their bounty campaign or changing smart contract beside from escrowed token is allowed. Because if so, you can't accuse them for scam project.
Speaking of in USDT rewards for bounty campaigns, it's really difficult to find bounty campaigns that are offering some stable coins as mode of payment.
Thanks for the the headsup and also I hope when this incedents and irregularities are forseen, let the bounty managers listen when they are advise against such practices Speaking of in USDT rewards for bounty campaigns, it's really difficult to find bounty campaigns that are offering some stable coins as mode of payment.
Excrow are defined as a third party that guarantees safe exchange of goods and services between other agreed parties under description.
Of late excrows are considered as the secured guarantee for safe payment of bounty rewards to bounty Manger and then bounty hunters.
But then a couple of this projects think they are so smart that even a night before an IEO, they do change the smart contracts of their tokens rendering whichever token in excrow worthless.
So i suggest that excrows should not only hold the tokens but also be given usdt value of the tokens as well, so that incase it turns out in the wrong direction the usdt can cater for it..
Your suggestions?
Of late excrows are considered as the secured guarantee for safe payment of bounty rewards to bounty Manger and then bounty hunters.
But then a couple of this projects think they are so smart that even a night before an IEO, they do change the smart contracts of their tokens rendering whichever token in excrow worthless.
So i suggest that excrows should not only hold the tokens but also be given usdt value of the tokens as well, so that incase it turns out in the wrong direction the usdt can cater for it..
Your suggestions?
thats right, usdt can be the right choice to reduce the scammers, because even we use an escrow to hold the rewards but new problem will come if the project change the contract address, just like words above, so payment in usdt or in ethereum or bitcoin could be a great idea
I'm not sure about what you are talking about but do you mean Escrow? After a couple of Google searches of "Excrow" nothing is really showing up related to that word but "Escrow". I think you should fix your wordings as well.
Anyways, there's nothing you could do about that but to believe that "that" token will have value in the end. I don't think they would be able to give that amount unless their token has a value already. Possibly, the developers are working to make their tokens valuable, unless that happens, they have no USDT to give. That's just what I think.
So what you want is some kind of a fixed USDT payment for your work?
Thank you for digging this out man, I accept and agree to check my wording in my next postsAnyways, there's nothing you could do about that but to believe that "that" token will have value in the end. I don't think they would be able to give that amount unless their token has a value already. Possibly, the developers are working to make their tokens valuable, unless that happens, they have no USDT to give. That's just what I think.
So what you want is some kind of a fixed USDT payment for your work?
But you don't want me to belive in a token that has change its smart contract prior to payment day?
I wish bounty campaigns just pay us solid USDT instead of tokens because that's the safest way to say they are legit and will be honest to pay us bounty hunters. If they somehow really change the smart contract without informing everyone, then that proves they are scamming people and should be avoided.
If projects decide to pay bounty hunters in USDT the campaigns must be limited, many USDT paying campaigns allowed to many people to join and later you get 10$ for months of work, I've experienced this from bounty detective campaigns, honestly is very important in crypto space, new projects don't need to pay hunters in millions, limited participants and fixed allocation is even a plus 
Many projects have disappoints many bounty hunters this year, I get it but the few projects that performs better this year don't use any Escrow, the projects that use Escrow this year aren't that successful and few still end up scamming bounty hunters, I like the idea of using stable coins to pay but the reality is not all new projects that afford paying bounty hunters in stable coins when they haven't raise any money yet
I believe in tokens more than USDT because you can make more profits from tokens than USDT due to lack of volatility, also majority of bounty campaigns with USDT rewards have very low bounty allocations, some don't even use limited participants and in the end you will only get few dollars due to too many participants
Good Concept but collateralizing like USDT or Other Major altcoin i suppose it's little bit hard, The purpose of bounty campaign it's to gain more audience and attract more investor and the project in the first place didn't have that big amount (Project with equivalent more than $100k US on their campaign pool) so i suppose it's ok using their currency for paying us since We agreed to participate beforehand. For Escrow it's also effective but yeap sometimes bad things happen, Let's say the project was giving the token too Escrow Address and at the end of Bounty Campaign they are doing Fork or migration to new Smart Contract (For Ethereum Based Project) And it become worthless.
Basically it's simple, Don't join if you don't trust the project and we can ever predict what will happen next if you want more safe maybe joining Campaign that paying with Bitcoin or other Altcoins like some campaign on Services Section, there will always be two sides and different perspectives. Be careful and DYOR!
Basically it's simple, Don't join if you don't trust the project and we can ever predict what will happen next if you want more safe maybe joining Campaign that paying with Bitcoin or other Altcoins like some campaign on Services Section, there will always be two sides and different perspectives. Be careful and DYOR!
One of the best things to do to not get rekt by these kinds of bounty campaigns is checking first their Terms Of Services, especially in their bounty campaign, you should check if there is term that they are allowed to change the mode of payment for their bounty campaign or changing smart contract beside from escrowed token is allowed. Because if so, you can't accuse them for scam project.
Speaking of in USDT rewards for bounty campaigns, it's really difficult to find bounty campaigns that are offering some stable coins as mode of payment.
Speaking of in USDT rewards for bounty campaigns, it's really difficult to find bounty campaigns that are offering some stable coins as mode of payment.
Excrow are defined as a third party that guarantees safe exchange of goods and services between other agreed parties under description.
Of late excrows are considered as the secured guarantee for safe payment of bounty rewards to bounty Manger and then bounty hunters.
But then a couple of this projects think they are so smart that even a night before an IEO, they do change the smart contracts of their tokens rendering whichever token in excrow worthless.
So i suggest that excrows should not only hold the tokens but also be given usdt value of the tokens as well, so that incase it turns out in the wrong direction the usdt can cater for it..
Your suggestions?
Getting paid in USDT can only solve tokens becoming worthless or avoid dumps, that's not bad idea but I don't want to get paid in USDT, injective protocol bounty campaign paid participants in 30,000 USDT but it's token (INJ) is over 1.30$ today, sometimes it's just better to get paid in tokens instead Of late excrows are considered as the secured guarantee for safe payment of bounty rewards to bounty Manger and then bounty hunters.
But then a couple of this projects think they are so smart that even a night before an IEO, they do change the smart contracts of their tokens rendering whichever token in excrow worthless.
So i suggest that excrows should not only hold the tokens but also be given usdt value of the tokens as well, so that incase it turns out in the wrong direction the usdt can cater for it..
Your suggestions?
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