Since most of these ICOs are run by scammers looking to steal money from investors, it should come as no surprise to anyone that they pull shit like this with their bounty participants. These are not inherently honest people we're dealing with, so nobody should expect them to stand by their word when they hire bounty hunters to advertise for them.
If you're doing a bounty for inherently dishonest people who are looking to screw their investors (which is unfortunately the case with most ICOs in my opinion), be prepared for them to take advantage of you if they can make extra money by doing so.
The current state of the ICO market is just abysmal. Show me one project that's caught on and actually provided value to an industry. Even if you could point out five examples, the ratio of beneficial ICOs to scam/worthless ones is infinitesimal. People need to stop investing in them and stop advertising for them.
You are 100% right and this is one example
The Bounty
Manager hasn't said one word yet. Why? Was he affected? He is part of the "
executive team"... got paid, so he doesnt care (?).
Accordingly with their whitepaper - 5b coins / 15% for the team. What is his share of this? Did he sell his coins?
For your kind information,they have locked my tokens too.No need to drag me in every controversy.How am I suppose to be responsible if they took some decision after bounty has been fairly distributed?Will I be responsible for all the future actions of all ICOs I have managed bounty for?
I think this decision will protect both bounty hunters and investors alike.
That said please know I was not part of this decision and it was taken by dexage team without consulting me.
Edit : I have forwarded this thread link to Dexage founders and have requested them to reply here
I'm sure Wapinter will not recommend this if he was consulted in the first place
The decision to distribute bounty tokens was because we extended our ico and didn't want to keep bounty hunters waiting for so long to get their tokens since we already gave them the date to distribute their tokens before we extended ico period.
We extended our ico past the distribution date we already gave them. We had to keep our words to bounty by distributing it to them on time, but since they started to dump our tokens without allowing us to conclude on the ico.
We had no option than to lock the tokens for 6months and we will release 20% of the tokens to them every month.
The locking decision was not just to sustain Dexage project, but it is for the best interest of the entire community
Fair enough, the 20% token release every month was not part of your earlier decision to lock the coins for 6 months,