Topic: Is it ok to lock your bounty for 4 months - page 8. (Read 21641 times)
Actually, locking the tokens is much better than not paying at all for reason of recession. I've joined some bounties which say that they won't distribute the tokens unless the market goes up. This might be unfair for many hunters. Imagine the effort of doing the bounty for such long months and the burden of waiting for your token payment. But if you'll analyze things, it's for the good of the project, as well as its community. Afterall, what profit will it bring us if we'll be able to sell now? Who knows? It might bring us unimaginable profit in the months to come.
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 their thread
https://bitcointalksearch.org/topic/annpr-icoliker-blockchain-platform-that-combines-education-technology-5061763
Locking tokens is a normal and even frequent occurrence for projects. In my opinion, this is not bad because in this way they can give a price to their coins. Through the development of the platform or any pozitivnyh news. Or simply the team does not want to enter the market when the prices of coins fall every day.
It is their strategy, but I feel the bounty hunters or whoever wants to have the coins should be told form inception about the lock-up period. And from another angle, it could be that they are only trying to protect their project and coin value.
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I think this is because the ICO devs doesn't want hunters selling their tokens quickly just after the sale.
They want to prevent dump by locking the token. But i think it is not necessary to lock it, because usually hunters received only small percentage.
I think this is because the ICO devs doesn't want hunters selling their tokens quickly just after the sale.
They want to prevent dump by locking the token. But i think it is not necessary to lock it, because usually hunters received only small percentage.
Exactly. Let's examine this particular campaign from the OP, for example. The total supply of Liker is 3,000,000,000 LK, and according to their bounty thread:
Total Token allocated for this bounty will be 5,000,000 of LIKER Token (LK)
5,000,000 : 3,000,000,000 = 0.0017
Selling 0.17% of all tokens, even in one day, can't make a big impact on the price, in fact, it's not even close to that amount that could make an impact. So, locking the tokens of bounty hunters for a long time is an unnecessary measure in economic terms.
The main reason for such a measure is its psychological effect on the investors, who can feel privileged knowing that they are allowed to sell their tokens while the bounty hunters are not.
I totally agree bounty hunters selling in the first days in the market will not hard the price, because they own the smallest share in the market, the dev team are with the biggest shares always, they are the one likely to dump when it first hit the market.
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.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.
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I think this is because the ICO devs doesn't want hunters selling their tokens quickly just after the sale.
They want to prevent dump by locking the token. But i think it is not necessary to lock it, because usually hunters received only small percentage.
I think this is because the ICO devs doesn't want hunters selling their tokens quickly just after the sale.
They want to prevent dump by locking the token. But i think it is not necessary to lock it, because usually hunters received only small percentage.
Exactly. Let's examine this particular campaign from the OP, for example. The total supply of Liker is 3,000,000,000 LK, and according to their bounty thread:
Total Token allocated for this bounty will be 5,000,000 of LIKER Token (LK)
5,000,000 : 3,000,000,000 = 0.0017
Selling 0.17% of all tokens, even in one day, can't make a big impact on the price, in fact, it's not even close to that amount that could make an impact. So, locking the tokens of bounty hunters for a long time is an unnecessary measure in economic terms.
The main reason for such a measure is its psychological effect on the investors, who can feel privileged knowing that they are allowed to sell their tokens while the bounty hunters are not.
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.
This is done to ensure that tokens immediately after listing on the exchange does not lose their value. They will unlock them either gradually or all at once.
I find this problem often but this more better than they not paying bounty hunter. Sometimes so many project changes their rules in the end of bounty but as bounty hunter we cant doing anything. When project still ongoing they need bounty hunter to promote their project but in the end sometimes they call us as a trash. Not fair but this locked maybe for their good movement price because some people afraid bounty hunter dump token price in the low price. But nothing to worry.
As a rule, project managers now do this often, while they believe that they will keep the price of tokens this way!
Locking tokens allocated to bounty hunter is actually good both for bounty hunters and the project. It can avoid a project from dumpers which mostly are bounty hunters. Also, bounty hunters who are only want to sell projects' token as soon as they received the bounty payment will be decreased, and the bounty will be only for them who are really believe in the project.
Exactly Correct
Frustrating that they would make it up after without telling anyone, but is going to help with dumping
this is actually not really a problem if we see bounty not getting a token in a few months because the market conditions are not good or anything else. but most of them run away without paying
That's the problem, therefore it's necessary to study carefully the project you are participating to ensure you will get your reward. Successful ICO with big supporters will listen to their investors, they can lock the tokens but they will be transparent with their update, they have
a reason to stay since they successfully raised a good amount, so you are a little ensured with that.
this is actually not really a problem if we see bounty not getting a token in a few months because the market conditions are not good or anything else. but most of them run away without paying
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.
That's probably be a new coin because I'm not familiar with the name of coin. Devs will lock the token if they find it necessary, especially the market condition now it's not wise to trade it since it will only
affect the investors if the tokens will get dump, bounty hunters do normally dump and devs understands that.
You have the patience in holding and that will hold you, you work for bounty to earn so you have to expect a good payment of our effort but unfortunately you won't get that now as main currencies are down and tokens are affected also.
I just found out the token, and if it was locked in 4 months, it was the team's strategy to look after it because indeed the market conditions were not yet possible to have a higher value.
So wait and let the team do the best for the token, so that later when the token is open it will make you surprised and valuable.
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.
That's probably be a new coin because I'm not familiar with the name of coin. Devs will lock the token if they find it necessary, especially the market condition now it's not wise to trade it since it will only
affect the investors if the tokens will get dump, bounty hunters do normally dump and devs understands that.
You have the patience in holding and that will hold you, you work for bounty to earn so you have to expect a good payment of our effort but unfortunately you won't get that now as main currencies are down and tokens are affected also.
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.
I have no problem if my bounty reward is locked for 4 months,what matters is getting paid at last and be able to sell at better price ,locking bounty tokens is way of controlling dumpers
It is part of the team strategy to gather more value in the market (they think of it)
Well, it is okay for the token to be lock for that long as long as it is on your wallet.
Unlike many other campaigns, you are still waiting for the tokens to come.,
Well, it is okay for the token to be lock for that long as long as it is on your wallet.
Unlike many other campaigns, you are still waiting for the tokens to come.,
While four months seems long, it is not that long if you compare to the longer periods of lockup development team and other insiders have to live with. In this very weak market, this is one more tool to try to keep coin price from falling too much too soon.
I'm ok 4 months is a short period for a bear market but a long one for a bull period, I just hope my coins are still in a good price when they unlocked it and they kept their promise that they will unlock it the exact date they've set.
Agreed, now that the market is bearish and if bounty hunters get paid, the situation will get worst. That's why I think it's okay to lock in such a market. I am also in such a campaign and hope I will get my token before the bullrun comes. Jump to: