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Topic: Rewarding bounty hunters with EQUITY SHARES instead of tokens - page 4. (Read 596 times)

member
Activity: 756
Merit: 13
DIFX - Digital Finacial Exchange
I think every campaign participant should be provided with what was promised during the campaign after the campaign end changing terms does not suit both professionally and ethically so i urge all campaign managers to stick to the initial promises and fulfil them now.
legendary
Activity: 1582
Merit: 1059
nutildah-III / NFT2021-04-01
This bounty to equity share transformation is looking like another lame excuse to delay the payment of bounty hunters as they also think the same way like other project that hunters are the dumpers but the sad reality is all hunters are not dumper. Have they given any clarification about how compensating bounty hunters with usual token to equity share will help hunters?

Having made translations and supported the signature campaign and being a Full Member (back then), I will be wasting a lot of bounty. But I am bending towards your opinion: just another lame excuse for not paying bounty hunters. I think it is about time these projects respect their own obligations and if they take themselves seriously, they have to take their agreements seriously. If they do not, we have to take legal action, it's as simple as that.
sr. member
Activity: 882
Merit: 301
An interesting evolution:

Looks like the DataBlockChain/DBC.io project had some issues with their 2 bounty campaigns. It made them decide to change the initial campaign project, which was "the usual" token payment. They have decided now to reward bounty hunters with equity shares instead of tokens.

This means you have to fill out KYC, send a copy of your selfie with ID and even fill-out a tax form (!!).

I am not sure what to think of this evolution. Could this be a new step in bounty campaign rewards? What about user's privacy protection?
KYC requirement for bounty hunters isn't new anymore and many have already accepted that regardless of the type of payment.


Also, these guys are really dancing on the limits of legality. If you're promising people to pay them tokens, you can't just go ahead and change the rules along the way. Even the most radical of libertarians or anarchists will agree that the principle of "pacta sunt servanda" is the basics of any system or society.

They are not the only ones who have changes the rules, many have done it already. They always have this "we have the right to change the rules" policy.
full member
Activity: 602
Merit: 100
Personally, I did not participate in this bounty campaign, but it is not surprising that in these market conditions some projects change the rules at the end of the campaign, because many projects want to reduce payouts, so they have some reasons for this. I hope, in the near future, we will, without any problems, receive our reward, which we earned through our work.
full member
Activity: 458
Merit: 112
All we need to do in bounty is to advertise the ICO project and use our accounts.
In this we just need our profile and account to fill there and be listed on their webiste.
Doing KYC at this initial time will not be a good idea. KYC is very dangerous.
sr. member
Activity: 714
Merit: 250
An interesting evolution:

Looks like the DataBlockChain/DBC.io project had some issues with their 2 bounty campaigns. It made them decide to change the initial campaign project, which was "the usual" token payment. They have decided now to reward bounty hunters with equity shares instead of tokens.

This means you have to fill out KYC, send a copy of your selfie with ID and even fill-out a tax form (!!).

I am not sure what to think of this evolution. Could this be a new step in bounty campaign rewards? What about user's privacy protection?

Also, these guys are really dancing on the limits of legality. If you're promising people to pay them tokens, you can't just go ahead and change the rules along the way. Even the most radical of libertarians or anarchists will agree that the principle of "pacta sunt servanda" is the basics of any system or society.
I affirm that it is a scam project, All their actions will become useless and they will soon disappear. I found out and found that they raised $ 17 million but until now their activities are trying to steal money from investors. And of course they will refuse to pay bounty hunters, you do not need to KYC to try to receive these tokens
hero member
Activity: 1960
Merit: 547
Vave.com - Crypto Casino
is this equity shares can be sold or just common equity share that give reward if there's a surplus in the company? because hunter can't gain anything if the project sudenly exit and abandoned.
most hunter wouldn't want to get paid with equity shares. you can imagine a tiny shares got divided to all participant so how much reward did we get from it.
and also hunter should comply to fill kyc for that was unfair if i would say.

I don't understand the key advantage of equity shares for bounty hunters except some kind of guarantee of project legitimacy. This is a crypto market and one of key point is anonymity, at least some kind of. Plus I won't let my documents to go to some second hands to get verified in KYC I'm not assured in.
hero member
Activity: 1540
Merit: 507


How long will they be able to provide the equity shares and can they exchange it for BTC?

I have no idea what  equity shares can do to be honest but if they wanna prevent bounty hunters from dumping they could just distributed the tokens by quarter. This will prevent the price to dip much.
That's a joke, if that was a shares and what's the point for the token to be traded on the market? This idea is totally doesn't make sense and anyway just try to avoid this one. We will see how much token will you get from DBC. there's not differences. Both still securities.
member
Activity: 336
Merit: 11
is this equity shares can be sold or just common equity share that give reward if there's a surplus in the company? because hunter can't gain anything if the project sudenly exit and abandoned.
most hunter wouldn't want to get paid with equity shares. you can imagine a tiny shares got divided to all participant so how much reward did we get from it.
and also hunter should comply to fill kyc for that was unfair if i would say.
hero member
Activity: 2800
Merit: 595
https://www.betcoin.ag


How long will they be able to provide the equity shares and can they exchange it for BTC?

I have no idea what  equity shares can do to be honest but if they wanna prevent bounty hunters from dumping they could just distributed the tokens by quarter. This will prevent the price to dip much.
legendary
Activity: 2072
Merit: 1023
casinosblockchain.io
An interesting evolution:

Looks like the DataBlockChain/DBC.io project had some issues with their 2 bounty campaigns. It made them decide to change the initial campaign project, which was "the usual" token payment. They have decided now to reward bounty hunters with equity shares instead of tokens.

This means you have to fill out KYC, send a copy of your selfie with ID and even fill-out a tax form (!!).

I am not sure what to think of this evolution. Could this be a new step in bounty campaign rewards? What about user's privacy protection?

Also, these guys are really dancing on the limits of legality. If you're promising people to pay them tokens, you can't just go ahead and change the rules along the way. Even the most radical of libertarians or anarchists will agree that the principle of "pacta sunt servanda" is the basics of any system or society.

I hated KYC with usual bounties and now it can become a new standard. I hope it won't happen. I don't like to share my personal data with strangers so I won't participate in this kind of bounties.
member
Activity: 368
Merit: 25
The Standard Protocol - Solving Inflation
This bounty to equity share transformation is looking like another lame excuse to delay the payment of bounty hunters as they also think the same way like other project that hunters are the dumpers but the sad reality is all hunters are not dumper. Have they given any clarification about how compensating bounty hunters with usual token to equity share will help hunters?
copper member
Activity: 336
Merit: 3
Cryptoknowmics - World's First Decentralized Media
I think it is an awesome alternative for bounties, because in such way, they would avoid the bounty dump during the first listing and moreover hunters would be happy as well, because they will take part in equity shares of a great project.
legendary
Activity: 1582
Merit: 1059
nutildah-III / NFT2021-04-01
An interesting evolution:

Looks like the DataBlockChain/DBC.io project had some issues with their 2 bounty campaigns. It made them decide to change the initial campaign project, which was "the usual" token payment. They have decided now to reward bounty hunters with equity shares instead of tokens.

This means you have to fill out KYC, send a copy of your selfie with ID and even fill-out a tax form (!!).

I am not sure what to think of this evolution. Could this be a new step in bounty campaign rewards? What about user's privacy protection?

Also, these guys are really dancing on the limits of legality. If you're promising people to pay them tokens, you can't just go ahead and change the rules along the way. Even the most radical of libertarians or anarchists will agree that the principle of "pacta sunt servanda" is the basics of any system or society.
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