Is it ok to lock your bounty for 4 months - page 2.

Bunsomjelican

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Quote from: winterrose on February 24, 2019, 02:12:02 PM

They have the right to do so, but I personally do not like the lock. It remains to wait and hope that the project will pay your coins. Still there is such an excuse "Unfortunatelly, in crisis situation distriburion depends on investors' demand. We hope to catch a new wave of its growth and are doing everything necessary". I have several such campaigns, I have been waiting for a long time.

Yes,they have the right to do so, but they are abusing their rights for not paying the participants, and most of the time in the end
they will suddenly applied KYC requirements for each participants, which is not in the rules of the bounty anyway. And even for locking the bounty for 4 months were it was only announced after the project was done, which was very unfair for the bounty hunters.

ruski

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Activity: 350

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Quote from: ?? on ??

I have seen many companies will take more than a year to distribute the bounties, but one thing after receiving bounty we don't see any value to the coin. We should form some rules for the companies to distribute the bounties what they specified in the thread. People who have an interest will join those bounties.

That is why many bounty campaigns actually don't promise the exact date of distribution, they just notice "after the sale" or something similar to that, in order to take the longest possible time before distributing the tokens. That's a bad sign already, because after long months of the token sale usually the token's price becomes much lower.

leea-1334

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Temporary forum vacation

Quote from: fourpiece on August 12, 2019, 09:14:18 AM

If its on the rules at the first place then i have no choice but to accept the decision coming from the bounty team , but if they chnange the rules after the bounty is over without any notice many bounters will get angry.

More and more people are doing this now, but as I keep telling my friends who complain, nobody forced them to do that work. And I always say also, if you want good honest work where you really have to use your brain, then just freelance and do proper jobs for proper companies. Not do free easy work for ICO companies who want to give freebie tokens.

carlfebz2

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DGbet.fun - Crypto Sportsbook

Quote from: cryptoloverlife on August 12, 2019, 01:41:28 AM

Quote from: ?? on ??

Quote from: CryptoBuds on January 28, 2019, 10:51:46 AM

Quote from: judeafante on January 28, 2019, 09:36:59 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

Well, as for me it's not ok, but locked rewards is pretty usual thing and there are few more bounties around with the same approach... It's a bear market and every founders tries to do their best to defend the project and prevent fast dump.

Its true. Its not the first time I’m hearing about it, in fact I’ve encounter and read whitepaper of projects that they openly announce locking of tokens for sometime. If OP haven’t read their whitepaper he might be surprised about it but it is part of their rights and its not in our hands anymore. Justifiably because most of bounty hunters dump their tokens immediately.

Why they are dumping their token in the market kindly understand, every company is balming the hunters. After working for more than 3 months of time, which they will not make any money but people who are launching the bounty campaign they are making a huge amount of money through crowd sales. Which they don't want to develop any more after the crowd sales, which i have faced these type of situation much time.

Hunters would always took the blame neither by the devs or investors itself not knowing that the main dumpers are the ones who do purchase large chunks of coins while its still on sale.Locking for too long might be strategic but majority of them will just ran away with the funds and not to turn their back into their project.The main thing on mind is n pocketing money and leave it on the ground and create a new one.

fourpiece

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If its on the rules at the first place then i have no choice but to accept the decision coming from the bounty team , but if they chnange the rules after the bounty is over without any notice many bounters will get angry.

cryptoloverlife

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Activity: 278

Merit: 10

Quote from: ?? on ??

Quote from: CryptoBuds on January 28, 2019, 10:51:46 AM

Quote from: judeafante on January 28, 2019, 09:36:59 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

Well, as for me it's not ok, but locked rewards is pretty usual thing and there are few more bounties around with the same approach... It's a bear market and every founders tries to do their best to defend the project and prevent fast dump.

Its true. Its not the first time I’m hearing about it, in fact I’ve encounter and read whitepaper of projects that they openly announce locking of tokens for sometime. If OP haven’t read their whitepaper he might be surprised about it but it is part of their rights and its not in our hands anymore. Justifiably because most of bounty hunters dump their tokens immediately.

Why they are dumping their token in the market kindly understand, every company is balming the hunters. After working for more than 3 months of time, which they will not make any money but people who are launching the bounty campaign they are making a huge amount of money through crowd sales. Which they don't want to develop any more after the crowd sales, which i have faced these type of situation much time.

babysweetTiger0401

sr. member

Activity: 777

Merit: 251

Quote from: panpine on March 27, 2019, 08:43:45 AM

I have encountered this problem.
This is unacceptable. It's annoying but we can't do anything but reflect on them. maybe we have to accept that because they are managers we can't do anything else

Your answered was definitely indeed true, I think its okay to join with the project campaign that has a rules like this, just make sure that project is promising and has a potential to be adopt by the community here in the near future. But if you're not sure better not to join in that campaign.
But sometimes there are some project they will only announce it once the main sale is done which is too late for us to complaint.

superving

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Activity: 938

Merit: 101

Its not ok for me, i do not want to lock bounty reward for 4 months. They should.send the bounty rewards 2 weeks after the campaign is ended.

panpine

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Activity: 277

Merit: 101

I have encountered this problem.
This is unacceptable. It's annoying but we can't do anything but reflect on them. maybe we have to accept that because they are managers we can't do anything else

rapsa2018

member

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Merit: 10

4 months is a long day for bounty hunter gonna paid because workers for ico project need to paid after getting money for investors who invest on their project.

Lanatsa

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Quote from: miningguru on March 23, 2019, 04:21:47 AM

Quote from: Arkham Knight on March 21, 2019, 08:36:51 AM

It's obviously not okay for me and I know most of the bounty participants feel that same way too. But with the current situation that we encounter with bounties these days, what is the difference anyway. I also doubt that there is a chance that you can sell your token for a good price so there is no reason to fight for it.

Exactly, each one will have a different view about the tokens, some people will show interest towards holding and some people will sell them in the market once they get the payment. We need to think them in a different way that if a company has actively given updates about their development then i am ready to hold them for more than 5 months.

Positivity is there but the doubts on how the project would succeed would be always present. Locking your bounty tokens for 4 months seems really very shady yet its a long wait
for the work you have done for them.If you can see projects progress then it might ease the doubts we are feeling but bounty rewards should really be paid up upfront as the sale ended.

Fumzy

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Activity: 255

Merit: 1

Quote from: judeafante on January 28, 2019, 09:36:59 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

This is what they do to frustrate bounty hunters, sometimes before the end of the lock down, the token become worthless but you can't do anything about bit as they reserve the right to implement rules at any point in time.

miningguru

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Quote from: Arkham Knight on March 21, 2019, 08:36:51 AM

It's obviously not okay for me and I know most of the bounty participants feel that same way too. But with the current situation that we encounter with bounties these days, what is the difference anyway. I also doubt that there is a chance that you can sell your token for a good price so there is no reason to fight for it.

Exactly, each one will have a different view about the tokens, some people will show interest towards holding and some people will sell them in the market once they get the payment. We need to think them in a different way that if a company has actively given updates about their development then i am ready to hold them for more than 5 months.

voltesbit777

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Activity: 910

Merit: 251

Quote from: judeafante on January 28, 2019, 09:36:59 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

In that way, if you are one of the bounty participants in a campaign and having that kind of rules, obviously you can do anything about it mate.
even you the token has been distribute to your wallet, you can't still able to trade it even there is a exchange already due to the wallet is still lock in the deposit. Maybe to avoid dumping its value of the token they have in the project.

Btc_1856

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If a company has a very good reputation and are actively developing the product will help us to hold the coins for more than 4 months because along with their development the chances of increasing prices will be huge. Of course, most of the bounty people will regret to hold the coins but it is always good to hold more than 6 months to get more profit from what we are holding.

Arkham Knight

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Activity: 532

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It's obviously not okay for me and I know most of the bounty participants feel that same way too. But with the current situation that we encounter with bounties these days, what is the difference anyway. I also doubt that there is a chance that you can sell your token for a good price so there is no reason to fight for it.

xclusiveguy

jr. member

Activity: 336

Merit: 1

I guess it is OK because the developer of the project is trying to secure investors profit due to the massive dump that do occur from bounties participants, To me it's OK maybe perhaps they might reduce it to 3 months

tukagero

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If locking the bounty for at least 4 months has a good reason then why not. But sometimes once the coin is listed on an exchange the price goes down , and after 4 months token price get worst. So bounty participants will get small reward if thats the scenario.

elitemobb

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Of course, this is not fair for the participants, I think if tokens are blocked by time, then it is necessary to initially warn participants about this. But in another case, it is unthinkable since participants expect tokens at a certain time and for such projects should be punished.

adrianto1995

full member

Activity: 714

Merit: 160

It's probably ok
Many projects do something like this to prevent price dump because of bounty hunters itself, you can't do anything because is their rule.
Maybe after the token unlocked price will already higher and then you can sell your tokens at a higher price... Grin

Topic: Is it ok to lock your bounty for 4 months - page 2. (Read 21641 times)