Is it ok to lock your bounty for 4 months - page 7.

Irvinn

full member

Activity: 966

Merit: 104

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

Blocking received new tokens in our wallets is not very pleasant, however, believe me, this is not the worst option at this difficult time. The fact that you received a token and the project will develop, this is already a great rare success in our time. Almost all new tokens that fall on the stock exchange fall in price, sometimes thousands of times. Therefore, I am not even interested in the price of a new token on the stock exchange, because I know that selling them now is not profitable. Therefore, I would not be worth worrying about blocking tokens in the wallet; the ICO team thus saves them from depreciation.

Labumi

hero member

Activity: 756

Merit: 500

Quote from: alonelyorange on February 21, 2019, 11:04:09 AM

I hate with some bounty campaign reward lock for several months later, many bounty campaign reward always lock their token giving for bounty participants about two or three months and open it after price dump and lower.

there is nothing wrong if some bounty campaigns still lock their tokens a few months after distribution because I think that is only part of the strategy so that the price of the coin at the exchange does not collapse and does not make many investors lose.

alonelyorange

member

Activity: 532

Merit: 10

I hate with some bounty campaign reward lock for several months later, many bounty campaign reward always lock their token giving for bounty participants about two or three months and open it after price dump and lower.

vhns222

full member

Activity: 504

Merit: 105

Yep sometimes it happens but they do this because of market situation, as most of the hunters would dump tokens but they must do this with early investors too.

Anonylz

hero member

Activity: 2562

Merit: 577

Quote from: johnleo on February 21, 2019, 01:20:07 AM

I have liker token and I didn't realize that they locked it because I never have intention to sell it. Because of current market condition, I have no problem even if they locked it and just 4 month, in the crypto world maybe it just short of time. I have experienced many token without locked that never good in the market. So personally I will enjoy liker coin with hoping their strategy will work to make better price.

Really? do you think that's best approach to control price dump? Okey lets assume your liker tokens where locked for 4 month for every participant, and depending on the token allocation to this bounty - it could huge amount or not, then it is time to releas to to all participants, dont you think it will still affect price in a way?

Coltpython

member

Activity: 700

Merit: 11

Some projects fear that their tokens value will be dumped after listing on exchanges so they implement certain drawbacks like "locking" in order to protect the value of their coins. However, I agree that they should have informed you earlier about their plans but it is what it is...

sulendra12

hero member

Activity: 2912

Merit: 526

Reward: 10M Shen (Approx. 5000 BNB) Bounty

They most likely just to make sure that they don't want their coins has low value once hits to the exchanges, like most of new coins do. Yea, it sounds really unfortunate to lock your payment and you can't get your money after your "hard" work. But, it's not all their fault.

gendang_cinta

full member

Activity: 616

Merit: 100

Quote from: triangles on February 21, 2019, 10:12:28 AM

I once met a project that made a lock on a reward bounty is a dealcoin the reason is because they prioritize investors but still in the end the project falls, and it looks like locking is the wrong choice

if the project is good then there is no need to lock the token especially for months. so it's likely that the project is bad if it locks your gift. or that's just an excuse because they don't want to immediately announce if the project really fails.

jagaban

copper member

Activity: 322

Merit: 8

Same thing happened to me last year when I did iconic bounty on bountyhive platform. They never mentioned locking during campaign till towards the ending. To make it worse, locking period was to last about 7 or 8 months. Meaning latest last November we should have our tokens unlocked but lo and behold! Team is nowhere to be found. Project abandoned or just basically, scammed! It is just part of the things we bounty hunters face. Try not to be dejected and work on other bounty projects. Good luck mate!

spike420211

sr. member

Activity: 1610

Merit: 372

Personally, I am ready for the part of the tokens I received to be blocked for a period up to one year maximum, provided that the token does not fall in price during this time, or on condition that the developers buy out the token from me in a year for a price not less than on the ICO.

triangles

full member

Activity: 566

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I once met a project that made a lock on a reward bounty is a dealcoin the reason is because they prioritize investors but still in the end the project falls, and it looks like locking is the wrong choice

ololajulo

sr. member

Activity: 2240

Merit: 270

SOL.BIOKRIPT.COM

Teams that do this must give no exception to bounty hunters alone, Investors of certain size of token should also be controlled. such token must be listed on exchange at least at the second month of the lock into the 4th month before unlock. Sometimes it is mere deprive of bounty hunters, if investors can trade.

vareehavee

newbie

Activity: 14

Merit: 0

Quote from: matchi2011 on February 21, 2019, 05:40:10 AM

Quote from: marjil on February 21, 2019, 05:19:54 AM

Quote from: cryptolove.143 on January 28, 2019, 10:11:54 AM

If it's part of their strategy then you can't anything about it

If this is what they are saying in their terms and conditions before you sign up then it's up to you if you want to proceed with such a bounty or find another one that does not have a lock up period.

Arrangement like this will be for bounty hunters to accept during the first sign up, if the team give this rules and participants agrees there's no
problem that will discussed, but for sure things is different when after finishing the job and the rules was change due to some issue or developers
decide that's it is requires the hunters doing so, better to have a much clearer rules so issue will not be raised after.

Cant argue with that
it may help and technically they can do it
but the right way would be to tell them up front

normanderecho

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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

If they stated it before the bounty campaign is done or during to its period perhaps nobody will join their campaign or many will quit. So, I guess they mean everything as part of their tactics regards to their campaign that aim drive into success.

ramahero01

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Activity: 518

Merit: 100

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

currently, many projects are doing this. you must keep abreast of the project's development because a good project they will always be transparent in providing news about the development of their project to their supporters. therefore make sure that the project team does this.

Squirrel Dearing

sr. member

Activity: 766

Merit: 250

Now this happens all the time, because the projects are trying to survive in a bear market. In order to keep the price of the coin, the developers postpone the distribution of coins, or block them on your wallet for a certain period of time.

MikeyVeez

full member

Activity: 896

Merit: 102

Everything is okay, if you would ever see your money. I am talking money and not tokens. Tokens recently have no value, you are working hard for it, waiting few months for distribution and after all you have tokens that you can´t trade because the coin is not listed.

siena23

jr. member

Activity: 2520

Merit: 1

I also received a liker token, in my opinion it was one of the team's strategies for the price of tokens after listing. In the key if I'm okay, the most important thing is the price is not dumping and certainly not a scam.

ifykiki

copper member

Activity: 193

Merit: 1

$martFund

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

If it's the way they want it, you have no choice. It's one of the things bounty hunters suffer from. Bounty managers won't say anything about lockup and all of a sudden dey will just come out with new rules

DMC_Ken

sr. member

Activity: 363

Merit: 250

Yes, its okay to lock your bounties in 4 months, so you can get profit when the price are high, and it depends to a person how many months he or she will lock up their bounties before they trade it, because it's a nice strategy too to make some profit.

Topic: Is it ok to lock your bounty for 4 months - page 7. (Read 21641 times)