Holding the tokens by the bounty manager (when he is highly trusted) or by a trusted escrow before launching the campaign is the best solution for this type of situation in my opinion. I do not see any other better solution. If any other manager have a better solution, then I would love to hear it.
When holding the tokens by the manager/escrow, we need to give the project team the condition that they will need to send the ETH/BNB whichever it needs to distribute the token to the hunters at the time of distribution. Or manager will take action against them and even can tag the project.
In the case of a failed project, we may see that the team will not contact or response the manager to send the fees. Since the token are dead, they may stay in manager or escrow's wallet, or they can just burn it. In the case of a successful project and the token price are significant, then the manager or escrow can sell some tokens to cover the tx fee for distribution.
All managers need to practice this, in fact make it a common policy for all. If a manager do not take the tokens in their possession, then for any accident like this the manager will be liable.
Lunaland is coming with more excuses to justify their scam now. I have advised them to continue here if they have anything to say. If any more messages come from them on my Telegram then I will just block them.
By the way, I would request everyone to
report their social channels so that those platforms take down the channels. The public announcement on their telegram was this :
https://t.me/lunalanddotio/53686🚨❗️Bounty Announcements - Bounties Voided ❗️🚨
This is an announcement that the Royce bounty has been voided due to the horrible behaviour of some of the participants while they were waiting for our project to finalise calculations of the bounty distribution.
The members have hurled abuse towards me personally and the project while we were in process of calculating distributions for the bounty.
This bounty has faced significant issues while it was running during our presale, with many bounty hunters trying to cheat the rules to get a free allocation of tokens for no work.
We have tried to check and verify the work, but this has also proved difficult due to lack of proofs provided or the way the bounty was managed.
I wanted to be fair and allocate tokens for those that did the work fairly, but given that the situation has not gotten out of hand, I am voiding the bounty as per the rules of the bounty that the management of the project has final say.
To me, their final post was:
I have made the decision that due to the repeated verbal abuse by the bounty members against the project and against me personally that none of them will be paid on principle. I am neither afraid of you or any of your bounty members. On principle they will not be paid for the horrible shit they have said against the project. I don’t have unlimited time to check bounty stakes and pull our cheaters who comprise probably 80% of the bounty. Hence the delay, but due to these actions of these individuals none will be paid. Bounty has been voided as per the clause of management in the bounty rules.
Last night I saw the video of the AMA.
https://www.youtube.com/watch?v=zTRgj5vwQ60One hunter was asking about the bounty and telling them negative post in one comment.