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Topic: Is it ok to lock your bounty for 4 months - page 9. (Read 21622 times)

sr. member
Activity: 1246
Merit: 285
February 21, 2019, 12:39:20 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?

We must follow the rules they make. Most people find it unfair, I also feel the same experience. Tokens given to bounty hunters are locked for three months after the token is listed on the market. I am very disappointed, the reason is that bounty hunter often damage prices. Oh come on, we also want to get the best and valued prices according to our hard work in supporting the project. But there is not much we can do but obey the rules. That is a risk, be patient.
legendary
Activity: 2450
Merit: 1047
February 20, 2019, 11:13:11 PM
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.
copper member
Activity: 196
Merit: 0
February 20, 2019, 10:57:53 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


Basically, the project itself has the ability to create a lockup period wherein, they can protect the token from dumping by bounty hunters which I find reasonable. We cannot blame them for this action as it is a solution.
hero member
Activity: 1498
Merit: 537
February 20, 2019, 10:50:40 PM
The most important thing is not to lock you into a campaign for more months than originally agreed without fair compensation. Locking the rewards is not a big deal.
Agree with your opinion. that indeed this often happens when the campaign suddenly extends which is not in accordance with the beginning they said. this is very detrimental to us in terms of time
hero member
Activity: 2520
Merit: 952
February 20, 2019, 10:49:56 PM
Just by looking at their Ann post, it seems to me to not do their bounty lol, do bounties from trusted BMs or from genuinely good projects, you can sense how good project by communicating with the team.
sr. member
Activity: 700
Merit: 251
February 20, 2019, 10:44:08 PM
The token was locked for several months in my opinion which included their strategy.
And we also need to be able to understand because the market conditions are very far down.
And there are several projects that are currently given tokens every month.
They avoid the dump so the price of the token remains stable.
full member
Activity: 490
Merit: 100
MenaPay - Crypto made easier than cash
February 20, 2019, 10:42:32 PM
If it's part of their strategy then you can't anything about it
The fact is that no one controls the projects right now, and they can do whatever they want. Whether it will be delays in payments, the introduction of KYC and so on.
full member
Activity: 588
Merit: 100
February 20, 2019, 10:33:28 PM
Maybe now many projects are experiencing delays. And some of the projects that I have participated in have given tokens. And tokens have entered the exchange market. However, the token for Bounty is still locked and will be opened in 2 months. I personally still believe in this project because all Teams and Developers are still active.

As long as the project is ongoing it's ok to lock the funds for 2 to four months but locking it longer than four months it's a different story, I hate it whenever people will say that bounty hunters will harm the price when they are sharing a very small percentage of the coins.
In bear market only small part of funds can be a reason for panic selling for a specific token. Bounty hunters usually don't care about development of coin and what they are doing is simply to get payment for done tasks.

Indeed the bounty hunters don't care and they throw away tokens with low scores, but not all of them like that. To get a profit, you have to wait for the development team to develop their tokens, so they will get a decent value. So locking tokens is a strategy for teams to develop better.
legendary
Activity: 1890
Merit: 1003
February 20, 2019, 09:49:06 PM
Maybe now many projects are experiencing delays. And some of the projects that I have participated in have given tokens. And tokens have entered the exchange market. However, the token for Bounty is still locked and will be opened in 2 months. I personally still believe in this project because all Teams and Developers are still active.

As long as the project is ongoing it's ok to lock the funds for 2 to four months but locking it longer than four months it's a different story, I hate it whenever people will say that bounty hunters will harm the price when they are sharing a very small percentage of the coins.
In bear market only small part of funds can be a reason for panic selling for a specific token. Bounty hunters usually don't care about development of coin and what they are doing is simply to get payment for done tasks.
hero member
Activity: 1764
Merit: 505
#SWGT PRE-SALE IS LIVE
February 20, 2019, 09:44:16 PM
Maybe now many projects are experiencing delays. And some of the projects that I have participated in have given tokens. And tokens have entered the exchange market. However, the token for Bounty is still locked and will be opened in 2 months. I personally still believe in this project because all Teams and Developers are still active.

As long as the project is ongoing it's ok to lock the funds for 2 to four months but locking it longer than four months it's a different story, I hate it whenever people will say that bounty hunters will harm the price when they are sharing a very small percentage of the coins.

That's other people's opinion saying bounty hunters pulled price down. But locking bounty rewards for 4 months, I think we had no choice but wait for their decision to give the tokens after everything will be a success for each and every ico project. Probably more of the participants became tired of waiting due to bearish market, and it brought us struggles specially not all bounty has the assurance to provide every participants a legit rewards. In most cases scam project was always present these days.
sr. member
Activity: 2030
Merit: 269
February 20, 2019, 09:22:12 PM
Maybe now many projects are experiencing delays. And some of the projects that I have participated in have given tokens. And tokens have entered the exchange market. However, the token for Bounty is still locked and will be opened in 2 months. I personally still believe in this project because all Teams and Developers are still active.

As long as the project is ongoing it's ok to lock the funds for 2 to four months but locking it longer than four months it's a different story, I hate it whenever people will say that bounty hunters will harm the price when they are sharing a very small percentage of the coins.
jr. member
Activity: 392
Merit: 1
☀️ Iskra Coin ☀️
February 20, 2019, 09:15:30 PM
Maybe now many projects are experiencing delays. And some of the projects that I have participated in have given tokens. And tokens have entered the exchange market. However, the token for Bounty is still locked and will be opened in 2 months. I personally still believe in this project because all Teams and Developers are still active.
hero member
Activity: 2926
Merit: 567
February 20, 2019, 08:50:20 PM
There are some bounty campaign that will not send your stakes unless they first get listed in a good exchange after a month it's even worse than locking your coins in your wallet because you already have it in your wallet, while that other campaign did not even bother to count your stakes.
full member
Activity: 812
Merit: 100
February 20, 2019, 08:12:42 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

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.
full member
Activity: 560
Merit: 101
Migranet ITO
February 20, 2019, 03:32:54 PM
The most important thing is not to lock you into a campaign for more months than originally agreed without fair compensation. Locking the rewards is not a big deal.
hero member
Activity: 1358
Merit: 509
February 20, 2019, 02:58:09 PM
Is not ok by me at all,  if they are to lock token after distribution that four month of locking is too much .
Recently bounty rewards are delayed according to current situation. So devs think that if they delay bounty reward, they can rescue price. But, 4 months...  I also wait for 2-3 months, but my situation was difference. They explained reason and it was sense for me.
hero member
Activity: 1260
Merit: 505
Age Of Mars | GameFI Virtual colonization of Mars
February 20, 2019, 02:44:21 PM
This is what most projects are doing these days. They ask for their token to be promoted and once the bounty hunters do that, they lock their tokens or make them wait till everyone sells their tokens and there are no buy orders left in the market.
Yes. Now those tokens that we earn by participating in bounty campaigns are very hard to sell. either because tokens are not traded on exchanges or because no one simply buys them
jr. member
Activity: 616
Merit: 1
February 20, 2019, 02:28:51 PM
I have no problem if its stated at the beginning but I think it's unreasonable for ICOs to turn around and lock bounty tokens after ICO when it was not in the initial terms.
full member
Activity: 1260
Merit: 102
February 20, 2019, 02:15:52 PM
This is what most projects are doing these days. They ask for their token to be promoted and once the bounty hunters do that, they lock their tokens or make them wait till everyone sells their tokens and there are no buy orders left in the market.
legendary
Activity: 1596
Merit: 1034
February 20, 2019, 02:09:49 PM
Learn from experience, I have followed a bounty like that and got a few coins that happened almost the same as you. Usually, coins that are locked by the owner of such a project will not long even tend not to develop, so my suggestion is that once the coin can be traded then immediately sell all the coins because if delayed again the price of the coin will continue to decline even has no value at all.
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