Pages:
Author

Topic: Is it ok to lock your bounty for 4 months - page 3. (Read 21641 times)

hero member
Activity: 1820
Merit: 515
★777Coin.com★ Fun BTC Casino
Definitely not! If you are ready to lock your bounty for 4 months, then I am not ready to do that! I believe bounty shouldn't be locked in either way!
Even if you are not okay with that you couldnt do anything about it because you agreed all the terms while joining on bounties so they can reserve your bounty pool just like everyone else to avoid dumping.
full member
Activity: 574
Merit: 139
Definitely not! If you are ready to lock your bounty for 4 months, then I am not ready to do that! I believe bounty shouldn't be locked in either way!
It is not ok to lock bounty for 4 months because projects should pay participants after ICO, doing some job no matter how small it is should be payed after job is done, company which doesn't pay for 4 months usually ends up on TV. I can agree on locking tokens for 4 months or until project goes to beta phase or released, but in investors and bounty hunters wallets.
member
Activity: 644
Merit: 10
I don't know honestly.. I've faced the same issue one month ago when i got involved into Eosex Bounty compaign...they did the same move and that is freaking bad about a good project acting in a shitty way just like that. Hope that waiting will be worth it..

After participation nothing is in our hands we have to move according to the situation of dates and time when they are going to send the bounties. Once we are joining their bounty campaign we are agreeing to changes made by them until we get payments from them.
full member
Activity: 1750
Merit: 118
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
Thats the decision of the team, sometimes they lock the tokens of the bounty hunters  to maintain the token price.  There is a good reason why some project do it ,they want to prevent bounty hunters to dump thier coins.

Im a bounty hunter and i dont dump my token instantly as soon as i recieved it on my wallet  . instead i hodl it for a long time in the hopes of earning huge income in the future  .  im sure that most bounty hunters out there are just like me   .  there is no reason for the ico owners to be afraid because their coin wont get dump easily  .  locking the token can only cause issues because we will think that the ico is shady  .
hero member
Activity: 1946
Merit: 502
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
Thats the decision of the team, sometimes they lock the tokens of the bounty hunters  to maintain the token price.  There is a good reason why some project do it ,they want to prevent bounty hunters to dump thier coins.
legendary
Activity: 1302
Merit: 1000
Some time I used to wait for more than 1 year and it is completely based on the developments they do and progress about their developments. Some bounty people failed to hold them more than 6 month due to because they want to make fast money from the earning they got from the bounty.
hero member
Activity: 1246
Merit: 529
CryptoTalk.Org - Get Paid for every Post!
February 26, 2019, 10:57:51 AM
I participated in a lot of bounties and you know, most of them postponed bounties and payouts. So that's why I think that bounties always pay with delays and I accept it!

You're absolutely right, this is currently the actual situation and about a lock of the bounty token i wouldn't get upset. You can be happy if you get paid at all at the moment. Most of the time you get nothing and a lock of the bounty token for four months is not really bad against it. So don't get excited about something like that and rather be happy that you got paid at all and if you're even luckier, the tokens might even be worth something. That's a lot more important than the four months of waiting.  Wink

Well we're talking about people here making efforts to promote a project. It's similar to having a stake in an ico so for me, it's non negotiable and they should be paid what they're promised. And icos don't automatically have value so hunters risk wasting their efforts for nothing. Having a lock for 4 months may make them lose good chances of converting at a better rate.
legendary
Activity: 1988
Merit: 1768
February 25, 2019, 09:20:30 AM
I participated in a lot of bounties and you know, most of them postponed bounties and payouts. So that's why I think that bounties always pay with delays and I accept it!

You're absolutely right, this is currently the actual situation and about a lock of the bounty token i wouldn't get upset. You can be happy if you get paid at all at the moment. Most of the time you get nothing and a lock of the bounty token for four months is not really bad against it. So don't get excited about something like that and rather be happy that you got paid at all and if you're even luckier, the tokens might even be worth something. That's a lot more important than the four months of waiting.  Wink
legendary
Activity: 3500
Merit: 2246
🌀 Cosmic Casino
February 25, 2019, 08:04:46 AM
~This can be problem, but there are ways to prevent dump and bounty huters form selling all tokens all at once.

No, there can't be a problem. I had explained that already in my previous post:

https://bitcointalksearch.org/topic/m.49848985

And I'm going to stick with my opinion unless you show me a bounty campaign that allocates at least over 5% of the total supply of tokens to their bounty. There are no valid reasons for locking participants' bounties for months, in my opinion.

Well for exchanges that have low liquidity the price can change drastically with just small amount of sold tokens.

I'm not talking about BTC/USD value of the tokens, but rather about the percentage of tokens allocated for bounty campaign. Selling much less than 1% of all tokens (0.17% in the OP's case) can't make a big impact on the price regardless of the BTC value of all tokens in circulation.

Also not all the tokens are released immedeately. Investor tokens are usually released first, then bounty hunters. The team member tokens are sometimes locked for some period of time (few months).

I'm not sure if this is true even in some cases, let alone always. Isn't the point of this thread to say that it's bounty hunters who receive their tokens last, not the team members?

sr. member
Activity: 910
Merit: 250
Proof-of-Stake Blockchain Network
February 24, 2019, 04:48:53 PM
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 sometimes happens, I also participated in a project that blocked tokens for 4 months, but in my case, bounty hunters were warned about this in advance.
member
Activity: 434
Merit: 10
February 24, 2019, 04:34:29 PM
I participated in a lot of bounties and you know, most of them postponed bounties and payouts. So that's why I think that bounties always pay with delays and I accept it!
member
Activity: 462
Merit: 13
February 24, 2019, 02:48:26 PM
Hhhhm it really unfortunate that most project do not make participants aware prior to the start, but i think 4 months is just at the corner. I have a coin which is to be in lock for 12 month and I ask myself what if we never hear from them again.
sr. member
Activity: 1491
Merit: 320
🐪
February 24, 2019, 02:35:25 PM
Locking up bounty rewards is actually to prevent huge dump when listed on exchanges but i believe it was unfair of the team to have suddenly change the rules of the distribution. Even though they have the right do so i believe they could have better communicated this with the bounty participants other than slamming it down their throat like that.

This can be problem, but there are ways to prevent dump and bounty huters form selling all tokens all at once.

No, there can't be a problem. I had explained that already in my previous post:

https://bitcointalksearch.org/topic/m.49848985

And I'm going to stick with my opinion unless you show me a bounty campaign that allocates at least over 5% of the total supply of tokens to their bounty. There are no valid reasons for locking participants' bounties for months, in my opinion.

Well for exchanges that have low liquidity the price can change drastically with just small amount of sold tokens. Also not all the tokens are released immedeately. Investor tokens are usually released first, then bounty hunters. The team member tokens are sometimes locked for some period of time (few months).
sr. member
Activity: 1246
Merit: 306
February 24, 2019, 02:13:50 PM
I don't know honestly.. I've faced the same issue one month ago when i got involved into Eosex Bounty compaign...they did the same move and that is freaking bad about a good project acting in a shitty way just like that. Hope that waiting will be worth it..
sr. member
Activity: 619
Merit: 352
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.
member
Activity: 490
Merit: 10
February 24, 2019, 02:08:55 PM
Definitely not! If you are ready to lock your bounty for 4 months, then I am not ready to do that! I believe bounty shouldn't be locked in either way!
jr. member
Activity: 707
Merit: 1
February 24, 2019, 02:08:16 PM
If it is announced or stated in the rules then so will it be. Nowadays that's the trend, the team does so in order to protect their project, but in most cases the price still dump while in rare cases the price remains encouraging.
sr. member
Activity: 714
Merit: 251
February 24, 2019, 01:55:23 PM
Token locked another sign of good project, low volume and bear market exchange rate could be dump by some user and hunter. I like this system to keep rate up.
In fact, what is happening today in the Eko market of the company, as well as in the cryptocurrency market, does not contribute much enthusiasm for further activities. But in any case, I believe in the prospects of cryptocurrency, as well as in the importance and value of certain projects for society, and therefore I will keep my assets Until better times.
sr. member
Activity: 1050
Merit: 377
February 24, 2019, 01:18:58 PM
If the wait in the end will be justified, then I am ready to go for it and wait even longer than 4 months. Cryptocurrency is a long-term sphere, which means the more we invest in it now, the more you get.
jr. member
Activity: 262
Merit: 2
February 24, 2019, 01:16:43 PM
Since they announced it before taking the action, I do not think there is anything wrong with it they might just be trying to avoid being dump by bounty hunters, because most people believe that they are the cause of all fall in price even though they are just finding who to blame.
Pages:
Jump to: