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Topic: Is it ok to lock your bounty for 4 months - page 5. (Read 21641 times)

sr. member
Activity: 1988
Merit: 254
PredX - AI-Powered Prediction Market
February 24, 2019, 01:00:29 AM
In recent months many ICO projects have locked coins for prizes. And this is very disappointing for Bounty participants. But we also have to know the reason why they locked Bounty coins for a very long time. This is done to protect the price of coins to remain stable and there is no dump.
No matter how long they lock bounty, if their project is not strong and no one invests, I always believe that the project will fail and die soon. In fact I have seen a lot of similar projects and now its price has dropped more than 50 times
full member
Activity: 994
Merit: 100
February 23, 2019, 07:51:58 PM
lock token is one of the team's strategies to avoid possible locking tokens to avoid dumps from investors and bounties .. in my opinion that's fine ... try to see the boltoncoin project that locks bounty participants' tokens for 6 months
jr. member
Activity: 169
Merit: 1
February 23, 2019, 07:35:44 PM
I personally do not see the need for the lock up because at the end if all, hunters who want to dump will still dump the token. Besides, it's quite bad to not state the lock before starting bounty.
member
Activity: 280
Merit: 10
February 23, 2019, 07:33:09 PM
That's where some of the team fail, to give proper information as regards terms of Bounty. The lock up should have been stated in the first place. As it is, there's nothing you can do than to wait.
jr. member
Activity: 602
Merit: 2
February 23, 2019, 03:20:38 PM
I have a lot of Tokin who I can not exchange. Each project pulls and changes release dates so this is normal. If the project pulls time with the release.
member
Activity: 798
Merit: 14
February 23, 2019, 03:16:18 PM
Each project decides how best they want to run their tokens distribution. Some decide to lock for longer period of time. The campaign I'm currently working with now locks for a time frame of 3 months I jut have yo decide if I can wait if not then I don't join such campaign.
sr. member
Activity: 315
Merit: 250
February 23, 2019, 10:51:38 AM
four months is long considering how will the bounty hunters will react to this. We know almost bounty token that distributed in span of one month but most of them getting dump by the hunters so i think they are just being careful for locking the bounty for 4 months but i don't like that long span days before i get to my bounty tokens unless this token and the team behind is good and dedicated to the project.
sr. member
Activity: 644
Merit: 253
Change Your Worlds Build a New Era!
February 23, 2019, 10:38:48 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
Bounty tokens are the same as investors tokens so they locked all tokens not only for bounty hunters. I don't know what is reason to lock tokens maybe they don't want token price to drop after bounty hunters start dumping them, they maybe have higher goals for their project and don't want to risk everyone leaves it early.
sr. member
Activity: 868
Merit: 251
February 23, 2019, 05:17:52 AM
Get used to my young friend. All projects at the moment are doing the identical. And I can tell you that this is not the end. They can not go to the stock exchange and you will remain unnecessary to anyone wrappers. You should hope that this project is not scam and otherwise you will be sorry for the time spent.
member
Activity: 487
Merit: 10
February 22, 2019, 07:05:56 PM
A lot of project developers perceive bounty hunters and airdrop participants as one of the major reason to price slump at exchanges and thus include a lockup period for the bounty to forestall it. I think it's wrong and should not be done because bounty hunters are not the major  reason for price slump but Private and Pre investors with multiple bonuses are
copper member
Activity: 479
Merit: 11
February 22, 2019, 06:40:49 PM
I own Liker the coin that was mentioned that is locking the coin til May and it seems a promising coin to me I am on their telegram channel and I see a lot of updates if they unlock it on the bull period we are going to make a good profit from this.
full member
Activity: 571
Merit: 100
February 22, 2019, 06:38:43 PM
This is not normal, but unfortunately the practice of recent months shows that they are beginning to do so more often and this does not particularly please me, since in these few months investors will sell their assets and the price of a token or coin will go to the bottom.
hero member
Activity: 1400
Merit: 674
February 22, 2019, 06:38:04 PM
the goal might be to avoid dumping when the market is bearish but even so, they must first notify all the owners of the tokens
but are you sure that the development team doesn't give notifications? do you always monitor it? maybe you don't read the notification about locking the token
sorry, that is only possible
jr. member
Activity: 316
Merit: 1
Colletrix - Bridging the Physical and Virtual Worl
February 22, 2019, 06:32:25 PM
In recent months many ICO projects have locked coins for prizes. And this is very disappointing for Bounty participants. But we also have to know the reason why they locked Bounty coins for a very long time. This is done to protect the price of coins to remain stable and there is no dump.
sr. member
Activity: 1491
Merit: 320
🐪
February 22, 2019, 05:49:33 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.
member
Activity: 434
Merit: 10
February 22, 2019, 05:30:20 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.
member
Activity: 560
Merit: 16
February 22, 2019, 05:27:41 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
If it was agreed in advance, then this is normal. When you start work in a bounty campaign, you accept the conditions on which it is held. But if during the campaign a bounty pool suddenly changes or payments are frozen indefinitely and this was not provided for by the rules, then this is absolutely not normal and I think that this situation should be given to the public on the forum
full member
Activity: 728
Merit: 101
Bitcoin is the currency of this age
February 22, 2019, 05:19:07 PM
To lock bounty for 4months is quite  unfair to bounty hunters if same is not done to ICO investor, thou have observe that bounty hunters do dump token ones it hit the exchange and this usually have a negative impact on the project, other strategy can be use to guard against dumpers thank locking the bounty.
legendary
Activity: 1218
Merit: 1000
February 22, 2019, 12:07:06 PM
Not to say of course that this is normal, but it happens all the time, and it can last much longer than just a couple of months, it can last for half a year or a year. Sometimes it can even be good when a project is well developed and after paying a token it is very expensive.
well, that is normal. sometimes a project will climb its investors first. but, normally it's 3 months, but maybe 4 months waiting doesn't mind, as long as it's clear. the most important thing was already informed from the start
jr. member
Activity: 116
Merit: 1
February 22, 2019, 11:14:05 AM
That is their rule so you should accept it. They declared this when they launched the campaign. This is normal and you can see it everyday. Instead of selling them immediately, you can hold them longer to wait for a large pump to appear.
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