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Topic: Is it ok to lock your bounty for 4 months - page 11. (Read 21641 times)

member
Activity: 574
Merit: 10
February 20, 2019, 06:36:14 AM
If I'm not mistaken, the rules in the projects describe in advance possible difficulties of this kind. For more than a year, I haven’t even sold a single coin, I have never seen a problem in that they freeze, the hope is always only for successful development.
sr. member
Activity: 1624
Merit: 267
February 20, 2019, 06:28:00 AM
This is really effective and helpful to the token to not dump fast. Because it will not do that it before so the token once they listed to the market it will dunp fastly. But now they will discover startegy also to prevent dumping tokens and that is nice. Other bounty they divided it to the different month the stake they give to the participants. Maybe after 4 months the coin or token that you have will increase very high they have advatanges also this.
member
Activity: 472
Merit: 10
February 20, 2019, 06:24:35 AM
If it helps then there is nothing wrong in locking the bounty for a few months, every steps that is helpful for the token should be taken, so there is not need to hurry.
member
Activity: 882
Merit: 13
February 20, 2019, 06:14:13 AM
They must have included it in the bounty rules in the first place and it is not acceptable to lock it because we are in a bear market season, but it is their decision and i don't think you can do anything about it if that's what they want. Better wait because if bullrun comes within that 4 months then you will have great profit for sure.
legendary
Activity: 3500
Merit: 2246
🌀 Cosmic Casino
February 20, 2019, 06:01:02 AM
Ok I received my liker coins this month but unfortunately, I would have to wait for 4 months or the month of May before they let me trade their token, do you think this is ok they never mentioned that they are going to lock for 4 months during the bounty period, what's your thoughts on this?
~

To me it's definitely not okay, and to avoid sticking in such situations in the future you should demand at least partial payment in BTC for your work. Not only they locked your coins for so long, but, as I can see, LIKER Token (LK) is not currently listed on any exchange. I'm wondering is there a way to sell the tokens at 1 LK = $0.05, as they promised?

I'm in a similar situation with TTV tokens (they have never gave me 6,000 TTV tokens, as was promised), but at least I was paid partially in BTC, 0.01BTC/week, participating in their signature campaign, so I'm not complaining.
legendary
Activity: 1386
Merit: 1000
February 20, 2019, 05:41:42 AM
This is a strategy for promoting the coin and it is adopted based on the situation that has developed in the market. Your decision to participate in the bounty campaign has no legal force and you must be prepared for any turn of events, including the fact that you can not pay anything. But in this case, it's just a strategy to protect the coin and I think it's normal.
member
Activity: 518
Merit: 21
February 20, 2019, 05:36:54 AM
Wether we like it or not most of the team handling projects and bounty programs are doing this to save the project from falling. The influence of bear market has made them to do hard decision making which compromises bounty rewards. This is why I am wondering if I am going to go bounty hunting again or not due to the current bear market.
member
Activity: 616
Merit: 10
February 20, 2019, 05:16:55 AM
I don't even think if locking the bounty for 4 months its actually a great idea as the bounty hunters the money to be used for their needs.
full member
Activity: 504
Merit: 100
February 20, 2019, 04:51:08 AM
Of course this is not normal and such things should be discussed at the beginning.But at the moment it may not be so bad,maybe just 4 months later the market will recover and you will earn more.The main thing that the project was serious and did not fall apart for these 4 months.
copper member
Activity: 546
Merit: 2
Dreams are made when you keep the commitment with
February 11, 2019, 05:55:32 PM
It is not ok at all to.lock your tokens no matter how you look at it, if it was specified before the bounty started, then if would be ok but since it wasn't, they have no right to enforce it at that stage in the bounty campaign.
Don't make me laugh, all bounty campaigns are clear - management can change the terms and conditions at any time. As a bounty hunter you do not have a contract with the company, and you are initially filling up the registration form mean "take all the risks". It's an ICO, my friend...
copper member
Activity: 280
Merit: 5
February 11, 2019, 08:43:02 AM
It is not ok at all to.lock your tokens no matter how you look at it, if it was specified before the bounty started, then if would be ok but since it wasn't, they have no right to enforce it at that stage in the bounty campaign.
hero member
Activity: 784
Merit: 500
February 11, 2019, 08:32:08 AM
Ok I received my liker coins this month but unfortunately, I would have to wait for 4 months or the month of May before they let me trade their token, do you think this is ok they never mentioned that they are going to lock for 4 months during the bounty period, what's your thoughts on this?

This is their thread
https://bitcointalksearch.org/topic/annpr-icoliker-blockchain-platform-that-combines-education-technology-5061763
They can, and then also reduce the payments and say it happened, so decide whether to invest in a project that does not value people who gave them the right to live.
I think he asked about the price predictions of bitcoin at the next price increase that had become very reasonable, he wanted to try to find out all the predictions given by the members here even though the predictions cannot be confirmed but at least know the price movements happens to the price of bitcoin.
member
Activity: 259
Merit: 17
February 11, 2019, 07:54:09 AM
Personally, I do not mind this practice, provided that investors receive coins with the same restrictions and the project team itself will also have tokens with a lock.

I just hope it will not become a practice imagine you are going to promote a project for 4 months then they will lock it for another four months that is almost a year of waiting and that does not guaranty that the project will succeed in the market.
sr. member
Activity: 1988
Merit: 268
20BET - Premium Casino & Sportsbook
February 11, 2019, 07:49:17 AM
Ok I received my liker coins this month but unfortunately, I would have to wait for 4 months or the month of May before they let me trade their token, do you think this is ok they never mentioned that they are going to lock for 4 months during the bounty period, what's your thoughts on this?

This is their thread
https://bitcointalksearch.org/topic/annpr-icoliker-blockchain-platform-that-combines-education-technology-5061763
maybe they have a reason why they should lock the token, the market is bearish and maybe they want to keep the value, we all know that sometimes bounty hunters really throw away at cheap prices, that's what they might do
sr. member
Activity: 1512
Merit: 292
www.cd3d.app
February 11, 2019, 07:43:02 AM
Personally, I do not mind this practice, provided that investors receive coins with the same restrictions and the project team itself will also have tokens with a lock.
member
Activity: 784
Merit: 10
February 11, 2019, 07:39:53 AM
Well i think its alright to lock the bounty rewards in just 4 months. For the betterness of the coins not to be dump, ut is necessary to hold it by the ico project.
hero member
Activity: 3094
Merit: 537
Leading Crypto Sports Betting & Casino Platform
February 11, 2019, 07:37:27 AM
I've seen something like that in the past, locking bounty for 4months happens sometimes to avoid dumps from bounty hunters ,its nothing to worry about after 4months you will be able to trade
maybe that's a good goal, because like that, the price will be better, but investors don't dump. I myself don't have much problem with lock for paid bounties. but that could only be to protect the interests of investors.
The dump can't be avoided if the token has very low volume after listed on the exchange site, look at some major coins which created the bounty too and they can list the token to the big exchange and it can prevent the dump and it's effective.
copper member
Activity: 1050
Merit: 0
February 11, 2019, 07:34:44 AM
I think it's obviously good for you. Let's say you get the payment right now & people start to trade them maybe at 1/10 times of price & destroy their project plan. And their coins/tokens will end up with no worth. Is it good for you? It's better you get the payment a little bit later with a handsome amount of value. Hope it helps. Wink
copper member
Activity: 154
Merit: 0
IMO Exchange - Customer First.
February 11, 2019, 07:28:26 AM
I have participated in several bounties that has locked their tokens for several lengths of time and I do not mind as long as it is stated in the rules beforehand and I still agreed to take part in the bounty, it is criminal to suddenly do such a thing when it is time for distribution.
copper member
Activity: 196
Merit: 2
February 11, 2019, 07:27:08 AM
It it quite a dishonest ethics to distribute coin and that is when you inform the participants of the bounty that the coin would be locked for 4 months, it should have been announced before the bounty even started.
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