That's true. There's just too much exploit available for the developers if the escrowed money are in form of the project's coin. That's why it's heavily recommended to use some kind of stablecoin or an already existing coin that gives no opening in attempt of exploiting the escrowed fund. I think the escrow should always check the contract address aswell and if there's project really changes the contract address before last second of IEO opening as you implied then the escrower should gives warning to the people or the exchange platform from scam attempt.
It's just always best to use stablecoin for escrow at that point.
Topic: How can one make effective use of the Excrow? - page 3. (Read 266 times)
It's good to get paid in USDT from bounties to avoid cheats but lack of volatility isn't always good because there are few high quality projects that skyrocket after listing on good exchanges, bounty hunters will miss the chance of getting more rewards if they are paid in USDT, here is a good example, the IEO price of DIA token is 0.4 to 0.5$ and when bounty hunters get paid it's price is from 1$ to 1.7$, can you see the difference? If bounty hunters are paid in USDT I'm sure the reward won't be this big.
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?
Not all new projects team swap their smart contract after escrow promotions, majority of them keeps their promises, if any new project practice such I will reject them instantly if I'm a bounty manager to safe bounty hunters from unnecessary stress and waste of time, it means that the project team can't be trusted, they are probably scammers. 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 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.
That would be the best way for an escrow of useless tokens, especially ones which involve the developers themselves since they are in control of the smart contracts of their very own tokens.
But if this happens, it means the project is as worthless as their tokens. So there's not much to lose in this situation. If they cheat even in their bounties, that is very low of them. I cannot see how they would succeed when they would even cheat a tiny amount from the people who are very much part of their larger community.
But if this happens, it means the project is as worthless as their tokens. So there's not much to lose in this situation. If they cheat even in their bounties, that is very low of them. I cannot see how they would succeed when they would even cheat a tiny amount from the people who are very much part of their larger community.
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?
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?
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?
Sometimes the team was swapping the token without tell anything to the manager or the hunters.
The escrowed money can decrease the possibility for the team to make the token became worthless but the difficult thing must be how the team can do this.
The only thing that can be done by the manager.
This suggestion should be sent to the manager
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?
Sometimes the team was swapping the token without tell anything to the manager or the hunters.
The escrowed money can decrease the possibility for the team to make the token became worthless but the difficult thing must be how the team can do this.
The only thing that can be done by the manager.
This suggestion should be sent to the manager
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?
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