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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: aioc on June 16, 2019, 02:12:31 AM



Title: Bounty hunters risk on ERC20 tokens in ICO
Post by: aioc on June 16, 2019, 02:12:31 AM
I don't know if everybody knows this, but there is now a risk in getting involved in ERC20 based ICO, and that is they are locking bounty hunters rewards after they've sent it to their bounty hunters,

So even if the coins are already sent to your wallet you really don't own it, because they can lock it anytime at their whims that's what happens to Dexage and Liker, they sent the tokens to their bounty hunters then lock it, so they will not dump, and will only unlock it maybe after they dump all their shares and run away.

what's your take on this bounty hunters?


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: Nalbo on June 16, 2019, 03:29:09 AM
and will only unlock it maybe after they dump all their shares and run away.


I realize it could be done to devoid bounty participants of rewards. But not all projects are scam and it could be a good move to stabilize the price before completion of the roadmap. ICO takes money to start a business and if people start selling their tokens before the business yields profit, the price of the token may crash. Locking can be misused but it's a good tool to check the price of token and stop it from crashing.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: aioc on June 16, 2019, 04:12:35 AM
and will only unlock it maybe after they dump all their shares and run away.


I realize it could be done to devoid bounty participants of rewards. But not all projects are scam and it could be a good move to stabilize the price before completion of the roadmap. ICO takes money to start a business and if people start selling their tokens before the business yields profit, the price of the token may crash. Locking can be misused but it's a good tool to check the price of token and stop it from crashing.

Well Dexage lock their token for 6 months, damn after so many months of waiting, Liker is unlocking a small percentage and this could take  years to fully unlock all, this rules is only meant to discourage bounty hunters to participate, the worst thing that could happen is they unlock with them nowhere around and the value of their coins is zero, bounty hunters will become the laughing stock.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: Mikcik on June 16, 2019, 04:20:07 AM
They offer unlocking time for bounty tokens. So if at that time the price of the token increases more than the current number. Do you think like now?


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: freedomgo on June 16, 2019, 04:41:07 AM
That's not good for bounty hunters, the team changes the rules after the campaign is over, this is to delay the distribution of the tokens.
Maybe they are just doing it to avoid dumping but they should not violate the terms they previously implement, it's a big bust on their reputation, investors will surely look at it, and might affect the future of the project in a bad way.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: cabron on June 16, 2019, 04:52:24 AM

Its an ERC token so you could have demanded to be sent in your own ether wallet but if its sent to a platform where they can sent the bounty hunter's fee then its going to be a terrible days for you specially if they ran away already. ICO are now only for scammers, IEO is the new way now. This may also change in the future, God knows what they can invest yet its all the same thing.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: ccsang on June 16, 2019, 05:16:40 AM
Most of the project given reason for lock bounty rewards is prevent dump the tokens price by bounty hunter, as a bounty hunter also can't do anything because team always change the rules without permission, it's risk because some of them will run away before tokens unlock, but not all the project will become scam.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: rosezionjohn on June 16, 2019, 05:41:42 AM
This is not the first time it has happened. I also have an erc-20 token called NST (now AIV) which I got as a reward from bounty. It's been locked for over a year already but I have no complain as I see the project moving forward. But yes, I also see the risk you are referring to.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: leonair on June 16, 2019, 05:44:43 AM
That's the important of reading such instructions before joining a bounty campaign. If you know that they are doing this then don't waste your time in participating, simple as that.

Most of the bounty campaign participants would convert their bounties to their desired altcoins after an ICO releases its token or available for trading and that was long overdue so if new ICOs change it this way then goodluck to them in getting a good campaigns.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: knuckey on June 16, 2019, 05:49:26 AM
That's right and very sad, I also found these two projects, menapay (https://bitcointalk.org/index.php?topic=4918239.0) and jarvis (https://bitcointalk.org/index.php?topic=5065193). Both of them lock reward bounty hunter and especially menapay who cut the reward allocation when the distribution wants to start, very badly. Indeed their developers have reason to do it, but they should announce it when the campaign starts and is announced in their bounty thread. So that there is no commotion, loss and disappointment that will be caused.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: aioc on June 16, 2019, 05:55:22 AM
That's the important of reading such instructions before joining a bounty campaign. If you know that they are doing this then don't waste your time in participating, simple as that.

Most of the bounty campaign participants would convert their bounties to their desired altcoins after an ICO releases its token or available for trading and that was long overdue so if new ICOs change it this way then goodluck to them in getting a good campaigns.

If they are going to announce it before the start of the campaign, nobody will join that campaign, they are good when they are starting the campaign, but after that, they change the rules to often, that one-year locking is too much I don't think that has the intention to unlock that token anymore.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: perla on June 16, 2019, 06:32:12 AM
I don't know if everybody knows this, but there is now a risk in getting involved in ERC20 based ICO, and that is they are locking bounty hunters rewards after they've sent it to their bounty hunters,

So even if the coins are already sent to your wallet you really don't own it, because they can lock it anytime at their whims that's what happens to Dexage and Liker, they sent the tokens to their bounty hunters then lock it, so they will not dump, and will only unlock it maybe after they dump all their shares and run away.

what's your take on this bounty hunters?
Usually at first or maybe in page 1 there are mentioned that bounty reward will be locked for certain time, if the dev really want to do it. And for me if the project really good i think no problem if must wait.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: RomanPetrush on June 16, 2019, 06:59:54 AM
We need more regulation in ICO and cryptocurrencies. Any company for sure could do that.. and they do that. When You send ETH to someone for erc20 tokens, that means that your assets in other hands even if you have this erc-20. Just gambling, never know.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: Jpti on June 16, 2019, 07:11:33 AM
This is very much bad aspect of the projects launching bounty campaigns. Before they establish their projects, they need publicity to help them to get to that place. And that is where bounty hunters come in helping them establish their project by publishing their projects through bounty campaigns. But they are the one who often do not value bounty hunters. Very sad. 


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: BurstBurst on June 16, 2019, 07:18:49 AM
I think the risky bounty can not be avoided, especially the bounty is spreading on the forum and I can say that not all of these are legit but there are also bounty legit but few in erc20 maybe they plan to make tokens or replace of the tokens when they have funds.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: lovesybitz on June 16, 2019, 07:37:24 AM
I don't know if everybody knows this, but there is now a risk in getting involved in ERC20 based ICO, and that is they are locking bounty hunters rewards after they've sent it to their bounty hunters,

So even if the coins are already sent to your wallet you really don't own it, because they can lock it anytime at their whims that's what happens to Dexage and Liker, they sent the tokens to their bounty hunters then lock it, so they will not dump, and will only unlock it maybe after they dump all their shares and run away.

what's your take on this bounty hunters?

You can only own it once you are able to transfer it into the exchange where you can sell it there at anytime you want.  
And as far as I know there 20% that will be unlock to their wallet, and besides DXG or dexage is not the only utility token
did this in this business with crypto trading.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: Callanta787 on June 16, 2019, 07:39:58 AM
Sounds like another trick scams project use this days ,its a good idea to lock tokens to avoid dumps but it should be in a matter of time ,its should be announced on there social media channels ,some are up to a year and the lesser ones are around 6months ,i was able to make better profits from the project that does this to me in the past,it works actually.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: Buntel168 on June 16, 2019, 07:42:05 AM
I don't know if everybody knows this, but there is now a risk in getting involved in ERC20 based ICO, and that is they are locking bounty hunters rewards after they've sent it to their bounty hunters,

So even if the coins are already sent to your wallet you really don't own it, because they can lock it anytime at their whims that's what happens to Dexage and Liker, they sent the tokens to their bounty hunters then lock it, so they will not dump, and will only unlock it maybe after they dump all their shares and run away.

what's your take on this bounty hunters?

All of that is a risk for bounty hunters, but for me it's a ridiculous if they lock the token. I don't think it's just on Dexage and Liker. I also saw the Twogap project too, bounty hunter can be trade only 40% from token they earn and 60% will be unlock 1 year after listing.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: LogitechMouse on June 16, 2019, 07:47:31 AM
This strategy favors to the team because bounty hunters can't sell their token as it is locked.

I'm not surprised that this kind of strategy has been done by different ICO's already because I also experienced this kind of situation. The team knows that most if not all of the bounty hunters will sell their tokens immediately so before they will do it. The investors and the team themselves will sell their tokens leaving the bounty hunters empty handed :D.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: Shatterlean22 on June 16, 2019, 07:50:07 AM
If the project is legit I don't mind the lock for the time being to at least avoid dumpers ,its one of the way to control dumpers and I like it ,for those saying it favours the teams just put yourself in the teams shoe ,I'm not supporting those project that put locks on tokens just to sell there own tokens ,I'm talking about serious projects


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: florac9 on June 16, 2019, 07:57:24 AM
There is no way to avoid this cos you won't know which project will implement locks on there tokens until after bounty ends ,the only way to stop this is to stop promoting bounties based on erc20 tokens but we all know that 90% of new projects uses erc20


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: valuater on June 16, 2019, 08:02:19 AM
in my opinion, if locking is a common thing in the bounty world, especially ico I myself often follow bounties that do that, but indeed their purpose is good except that most locking projects do not guarantee the price will remain stable because some bounties can be dumped for no apparent reason such as bounty dealcoin sees now becoming garbage even though they have imposed locking for more than three months


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: Pithaxz on June 16, 2019, 08:20:08 AM
yes I think it is indeed a risk for bounty hunters who have got tokens but cannot be sold because they are still locked / still being held. for example, the FBN token in the ERC20 wallet clearly has high value but unfortunately it is still locked and we cannot sell it now.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: mr.robot8 on June 16, 2019, 08:32:39 AM

actually it is not a good thing for the bounty hunters, this would mean a further wait before being able to monetize their work and with the uncertainty of the price in the long term, i hope that not all the ico will adopt this system


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: Milamol on June 16, 2019, 09:14:19 AM
If the project is legit I don't mind the lock for the time being to at least avoid dumpers ,its one of the way to control dumpers and I like it ,for those saying it favours the teams just put yourself in the teams shoe ,I'm not supporting those project that put locks on tokens just to sell there own tokens ,I'm talking about serious projects
Yes, they do it to save the price of their asset. This is a good sign that the project will fight for the right to be under the sun. Of course, if they are not scammers.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: dragonvslinux on June 16, 2019, 09:22:07 AM
I'm not surprised, it's very similar to releasing tokens to bounty hunters (unlocked) a month or three after the ICO/IEO which is also becoming common. It's obviously very frustrating for bounty hunters to receive tokens at 80%+ losses, as opposed to nearer the ICO price (or at least initial listing price), but I understand why the project do this. The only advantage I can see from this is that it encourages bounty hunters to engage with projects that they believe in (to a certain extend) or at least expect a more stable exchange price from after trading begins.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: kopisusu on June 16, 2019, 10:02:25 AM
they do that to avoid dumps and think if the one who does dump is bounty hunter, in my opinion it's only nonsense because bounty hunter doesn't have many tokens that will cause dump and in my opinion locking tokens is not problem as long as you have received payment
Lock tokens are also done for team and advisor so it is impossible for them to sell and run


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: rhodelmabanal on June 16, 2019, 10:35:27 AM
they do that to avoid dumps and think if the one who does dump is bounty hunter, in my opinion it's only nonsense because bounty hunter doesn't have many tokens that will cause dump and in my opinion locking tokens is not problem as long as you have received payment
Lock tokens are also done for team and advisor so it is impossible for them to sell and run

Great, I just hope that will be the reality on all of these story that the team will not run. Last 2017 we've encountered some bounty campaign that ran away, and although they've given us the reward tokens but it was so disappointing that there was no trading volume on exchange site for our crypto reward. The ico platform is always dependent on how the developers will honestly run the ico, we can't say finally how legit unless it went through exchange site launching.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: rachman mahesa on June 16, 2019, 10:52:20 AM
What I have ever felt is that when I have received a reward from the bounty and the project locks it for reasons so that there is no dump and so that the value of the token increases. And I as a bounty hunter also understand that, I also can't do anything except follow what they do. Indeed there are also projects that lock in rewards for bounty hunters and until now the project no longer exists. It is very painful if we are in this situation, all have the right to sell the tokens they have. But on the other hand we want the value of the token to be valuable.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: Dreamchaser21 on June 16, 2019, 11:04:50 AM
I don't know if everybody knows this, but there is now a risk in getting involved in ERC20 based ICO, and that is they are locking bounty hunters rewards after they've sent it to their bounty hunters,

So even if the coins are already sent to your wallet you really don't own it, because they can lock it anytime at their whims that's what happens to Dexage and Liker, they sent the tokens to their bounty hunters then lock it, so they will not dump, and will only unlock it maybe after they dump all their shares and run away.

what's your take on this bounty hunters?
That's a risk of being hunter, though of course you have nothing to lose but your time not unless you join the bounty and also you invest. We have to go for good bounties, but right now its hard to find it maybe when the price of bitcoin becomes good again, then good projects will come out and offer a good bounty reward. There are so many losses on the part of bounty hunters in the past months.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: shaheer001 on June 16, 2019, 11:05:39 AM
Only few project i have seen that they had locked the token in previous some projects but that was to avoid dumping from bounty hunters.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: DmitFomin on June 16, 2019, 11:07:06 AM
Bounty campaigns are not regulated at all and the rules often change during a campaign or after it is over. Now there are many different tricks to bounty hunters did not get their coins. One such trick is to swap coins from one erc20 to another erc20, as a result of which many bounty hunters do not do it and most of the coins remain in the wallets of the project team.

I think you need to more carefully select a project to participate in and pay attention to who the bounty manager is and the team members. You can also use bounty platforms to be more confident that you will get what you earn.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: Atang Sulaeman on June 16, 2019, 11:16:57 AM
indirectly it is detrimental to the bounty, because they expect compensation for their work,
in order to replace it with fiat money, or to convert it to another altcoin.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: taguig on June 16, 2019, 11:47:29 AM
I'm on both campaign and I hate it for doing this to bounty hunters Liker devs are all liers they promised it last May then move it to June 15 now it's June 17 I will really hate these idiots, if they moved it to last quarter, Liker team are not honest and they are good at lying. 


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: Moeda on June 16, 2019, 12:02:00 PM
I don't know if everybody knows this, but there is now a risk in getting involved in ERC20 based ICO, and that is they are locking bounty hunters rewards after they've sent it to their bounty hunters,

So even if the coins are already sent to your wallet you really don't own it, because they can lock it anytime at their whims that's what happens to Dexage and Liker, they sent the tokens to their bounty hunters then lock it, so they will not dump, and will only unlock it maybe after they dump all their shares and run away.

what's your take on this bounty hunters?

Yes. Their ICO is running, so lock their tokens so that the token holder is currently not selling below the ICO price. The liker is registered in P2PB2B.io. But not for exchange, just selling their ICO tokens there. We hope they really run their project well. Not for scams.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: Cacingkemi on June 16, 2019, 12:35:41 PM
I just found out that it was from you, very worried if it happened to all hunters. The risk is always there but it's not just a risk, it's something that I think is very harmful and very clear to be avoided.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: halpi on June 16, 2019, 01:44:40 PM
my only take is: how did you manage to get Hero Member here?
lol, I really like the idea of locking, because usually, it is fisically not possible to gain power and attention in ICO time, that is usually 4-5 month.
Instead of dumping the price, funds are locked.
If you were familiar in crypto, you should know that most of tokens that were sold to private investors are locked and unlocking by percentage term by term


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: r32godzilla on June 16, 2019, 01:47:31 PM
And could you kindly explain to us where is the risk? You are not risking anything, you don´t need to send ETHERs to a smart contract that will unlock your tokens.  :o


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: CryptoLogo on June 16, 2019, 01:48:49 PM
Locking tokens is a smart step, but bounty hunters suffer because of this. It is difficult to say how good or bad to use such tools.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: PuertoLibre on June 16, 2019, 01:52:01 PM
My bet is there will be no BTC paying bounty campaigns in the future. The future of bounty payments are under the big question mark, I prefer to invest my time to other valuable activities than wasting time with no pay bounty campaigns. Instead of paying the BTC, paying in stable cryptos will solve the problem.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: Reid on June 16, 2019, 02:26:56 PM
What?! Like a time deposit?
First time I heard of it. That is trash. (I cant find the word to describe it)

First of all, give the bounty hunters what they worked for.
They still made an effort to advertise the campaign or translate it.

Next, if they sell so what?!!
If you are really a successful company then 2 percent allocation for bounties wont really hurt that much.
It is absurd. Better get some good explanation from the company behind it or the team.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: Bessta on June 16, 2019, 02:32:44 PM
I think bounty campaigns must be clear with their rules and not changed it during or after the campaign. And since bounty hunters worked hard for it, they must have the right to do anything with their coins. Dump it or not, it theirs and they should be able to do anything with it. It's bad that these project owners will lock it because the dump may affect their coin.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: Eraldo Coil on June 16, 2019, 02:44:05 PM
I think they might be doing it on purpose. There is a good chance that something is going to ruin their product or their coin's value. However, the project's team should allow freedom on these bounty hunters because they worked hard for it and they should be able to do whatever they want with their coins.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: Kaneki11 on June 16, 2019, 03:02:16 PM
I don't know if everybody knows this, but there is now a risk in getting involved in ERC20 based ICO, and that is they are locking bounty hunters rewards after they've sent it to their bounty hunters,

So even if the coins are already sent to your wallet you really don't own it, because they can lock it anytime at their whims that's what happens to Dexage and Liker, they sent the tokens to their bounty hunters then lock it, so they will not dump, and will only unlock it maybe after they dump all their shares and run away.

what's your take on this bounty hunters?
This has been going on for quite some time.. I'm surprised most bounty hunters are noticing this now.. well I stopped promoting just any project I come across.. especially those still in their very early stage


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: pedpedped101 on June 16, 2019, 03:18:27 PM
~
You have a good observation OP and I agree with you, because it is part of what have also experienced. Although, I noticed that it happens to 1 among every 10 projects. If it persists and it happens that every other project does the same, then bounty hunters might not take part in ERC20 bounties again. Which means new projects coming up will be the ones to suffer it.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: delarossa on June 16, 2019, 03:26:22 PM
I think it will be same if the bounty hunter get the token locked and they cannot sell that, right? It will be happen the bounty hunter will be sold their token in the same time so it could not be influenced for the price if they are dumped.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: X-ray on June 16, 2019, 03:42:01 PM
that's why you should take a look at the code that already created by the team. A little knowledge about how to find the backdoor is needed in this case. When you are seeing a code that to create a backdoor to control the token and then move.
that's the risk when you are participating in bounty.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: mickey_miner on June 16, 2019, 03:53:17 PM
I don't know if everybody knows this, but there is now a risk in getting involved in ERC20 based ICO, and that is they are locking bounty hunters rewards after they've sent it to their bounty hunters,

So even if the coins are already sent to your wallet you really don't own it, because they can lock it anytime at their whims that's what happens to Dexage and Liker, they sent the tokens to their bounty hunters then lock it, so they will not dump, and will only unlock it maybe after they dump all their shares and run away.

what's your take on this bounty hunters?
Tokens are blocked for a certain period of time and I believe that this is correct, because bounty hunters will not be able to influence the price of the token at the initial stage of trading.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: fapar on June 16, 2019, 03:59:25 PM
that's why you should take a look at the code that already created by the team. A little knowledge about how to find the backdoor is needed in this case. When you are seeing a code that to create a backdoor to control the token and then move.
that's the risk when you are participating in bounty.

Few people know where and how to look at the text of the smart contract, even fewer people can understand what is written in it. In addition, the banal human inattention. I myself often forgot to check the time of unlocking the token and tried to send the transaction; of course unsuccessfully and spent ETN on gas.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: mr_random on June 16, 2019, 04:00:29 PM
I don't know if everybody knows this, but there is now a risk in getting involved in ERC20 based ICO, and that is they are locking bounty hunters rewards after they've sent it to their bounty hunters,

So even if the coins are already sent to your wallet you really don't own it, because they can lock it anytime at their whims that's what happens to Dexage and Liker, they sent the tokens to their bounty hunters then lock it, so they will not dump, and will only unlock it maybe after they dump all their shares and run away.

what's your take on this bounty hunters?
Tokens are blocked for a certain period of time and I believe that this is correct, because bounty hunters will not be able to influence the price of the token at the initial stage of trading.
Is it a logical solution by the team? I doubt bounty hunters will not dump the bounty rewards after the locked period. There is no good reason to hold the ERC20 tokens for a long time due to possible price fluctuations by the market. There are not other dilemmas that we should think about.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: aioc on June 16, 2019, 04:05:04 PM
my only take is: how did you manage to get Hero Member here?
lol, I really like the idea of locking, because usually, it is fisically not possible to gain power and attention in ICO time, that is usually 4-5 month.
Instead of dumping the price, funds are locked.
If you were familiar in crypto, you should know that most of tokens that were sold to private investors are locked and unlocking by percentage term by term

You are such a big idiot you are the only one who likes the idea of locking the thread even ICOethics some legendary  member here do not like the idea of locking the token it's deceiving people because in the first place it's not in the rules they just unlocked it after the bounty, this deceiving bounty hunters

https://bitcointalk.org/index.php?topic=5147507.0 check this thread


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: panjay on June 16, 2019, 04:24:19 PM
they usually state that rule before, either in the whitepaper or in bounty thread. Well, it doesn't matter though, they have a magic word that can change the entire rule or whatever they please that involve bounty, the one rule that said " we can change any rule/rewards as we see fit" yeah something along that line.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: kak uli on June 16, 2019, 04:26:16 PM
I don't know if everybody knows this, but there is now a risk in getting involved in ERC20 based ICO, and that is they are locking bounty hunters rewards after they've sent it to their bounty hunters,

So even if the coins are already sent to your wallet you really don't own it, because they can lock it anytime at their whims that's what happens to Dexage and Liker, they sent the tokens to their bounty hunters then lock it, so they will not dump, and will only unlock it maybe after they dump all their shares and run away.

what's your take on this bounty hunters?

in my opinion this kind of problem has happened very often and experienced by bounty hunters who have to accept disappointment with gift managers and also for ICO developers ... my personal experience is also often experienced by ICO teams and developers running away without thinking of investors and bounty hunters has helped make ICO successful in their own way ...
so for bounty hunters you have to be more precise and careful in having a gift campaign project that you want to follow ...


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: MbakNarti on June 16, 2019, 05:06:07 PM
It may seem unfair to bounty participants, but sometimes bounty hunters sell too early tokens resulting from participation in the bounty. So that the price of the token decreases when the token is listed on the stock. So locking tokens, of course there is a purpose and purpose. Unless it's locked forever, it's something that is very unfair.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: Pamadar on June 16, 2019, 05:17:04 PM
I don't know if everybody knows this, but there is now a risk in getting involved in ERC20 based ICO, and that is they are locking bounty hunters rewards after they've sent it to their bounty hunters,

So even if the coins are already sent to your wallet you really don't own it, because they can lock it anytime at their whims that's what happens to Dexage and Liker, they sent the tokens to their bounty hunters then lock it, so they will not dump, and will only unlock it maybe after they dump all their shares and run away.

what's your take on this bounty hunters?
Tokens are blocked for a certain period of time and I believe that this is correct, because bounty hunters will not be able to influence the price of the token at the initial stage of trading.
Is it a logical solution by the team? I doubt bounty hunters will not dump the bounty rewards after the locked period. There is no good reason to hold the ERC20 tokens for a long time due to possible price fluctuations by the market.
Bounty hunters are aiming for much better value of their works, so there's no doubt when the token already been listed high chance that the hunters
will dumped it over, if the developers find this as a new way to avoid massive dumped they will do everything that they have in order to make some
control out around the market, no chance for hunters to complained as team have the power.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: Thanasis on June 16, 2019, 05:29:34 PM
I don't know if everybody knows this, but there is now a risk in getting involved in ERC20 based ICO, and that is they are locking bounty hunters rewards after they've sent it to their bounty hunters,

So even if the coins are already sent to your wallet you really don't own it, because they can lock it anytime at their whims that's what happens to Dexage and Liker, they sent the tokens to their bounty hunters then lock it, so they will not dump, and will only unlock it maybe after they dump all their shares and run away.

what's your take on this bounty hunters?
If you are agree to get payments in the premined cryptocurrencies then you can't do anything about it because they have all control over the currencies they can. So there is no no way to get rid of it unless bounty hunters avoid token payments for their bounty program.
Start ignoring the bounties with token and make demand for the bounty hunters in the Bitcoin talk then only people will create new kind of rules for bounty hunters which favours bounty hunters.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: evenotto on June 16, 2019, 05:43:12 PM
Topstarter raised an interesting concept. I think that such a lock can only be in rare cases during critical events, for example, any attack on blockchain \ token.
The lock for bounty hunters is at once biggest drawback to the project’s reputation.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: fosco333 on June 17, 2019, 01:55:52 AM
I don't know if everybody knows this, but there is now a risk in getting involved in ERC20 based ICO, and that is they are locking bounty hunters rewards after they've sent it to their bounty hunters,

So even if the coins are already sent to your wallet you really don't own it, because they can lock it anytime at their whims that's what happens to Dexage and Liker, they sent the tokens to their bounty hunters then lock it, so they will not dump, and will only unlock it maybe after they dump all their shares and run away.

what's your take on this bounty hunters?

They are locking the token because they want to prevent dumping price after distribution.
But actually the cause of dump not always from bounty hunters. So, i think this method is not effective.
To prevent dump, the team need to create more demands of their token.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: patz22 on June 17, 2019, 03:33:33 AM
That actually depends on the team. Well, some will do that but some will only do it just for the sake of their investors. But in bounty hunters standpoint they should announce it before starting the bounty or at least give 50% at first to help the volume and thanking its promoters.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: Ranly123 on June 17, 2019, 05:42:27 AM
I don't know if everybody knows this, but there is now a risk in getting involved in ERC20 based ICO, and that is they are locking bounty hunters rewards after they've sent it to their bounty hunters,

So even if the coins are already sent to your wallet you really don't own it, because they can lock it anytime at their whims that's what happens to Dexage and Liker, they sent the tokens to their bounty hunters then lock it, so they will not dump, and will only unlock it maybe after they dump all their shares and run away.

what's your take on this bounty hunters?

I don't know why they do this but maybe they want their investors to trade first before bounty hunters do. I also have tokens which is locked by the project admins and right now the price of their tokens are dropping in the market yet bounty hunters still cannot trade due to token locked.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: setialovers on June 17, 2019, 05:44:33 AM
I don't know if everybody knows this, but there is now a risk in getting involved in ERC20 based ICO, and that is they are locking bounty hunters rewards after they've sent it to their bounty hunters,

So even if the coins are already sent to your wallet you really don't own it, because they can lock it anytime at their whims that's what happens to Dexage and Liker, they sent the tokens to their bounty hunters then lock it, so they will not dump, and will only unlock it maybe after they dump all their shares and run away.

what's your take on this bounty hunters?

I think the developers team have their own consideration why the lock token in certain time. But i think thats for good thing. I am not worry if the token locked in certain time as long the developers team always active and give new information about the project


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: maxreish on June 17, 2019, 07:43:25 AM
This could probably be the same of being scammed by the ICO team. After giving high hopes that bounty hunters can finally trade it, they will hold back and locked it. What a waste of efforts and time from the hunter. I just realized now that any kind of exploitation is possible. And I agreed that not all ERC20 tokens are worth the time and promotion IMO. Sometimes, the team also closes the mode of contact to them like telegram to prevent questions from the bounty hunters.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: Gabmot on June 17, 2019, 01:31:42 PM
Really? I do not have any fore knowledge of this in the slightest premise. I hope i won't fall into a likelihood project,  cos that's too bad. Such projects should be flagged over under every circumstances available.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: drumamat on June 17, 2019, 03:44:20 PM
I don't know if everybody knows this, but there is now a risk in getting involved in ERC20 based ICO, and that is they are locking bounty hunters rewards after they've sent it to their bounty hunters,

So even if the coins are already sent to your wallet you really don't own it, because they can lock it anytime at their whims that's what happens to Dexage and Liker, they sent the tokens to their bounty hunters then lock it, so they will not dump, and will only unlock it maybe after they dump all their shares and run away.

what's your take on this bounty hunters?
You correctly wrote that the blocking of accounts is due to the fact to the participants of the bounty did not begin to massively sell their tokens.Because of this situation, many investors refuse to invest.Bounty participants should understand this.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: pragna on June 17, 2019, 03:58:58 PM
I don't know if everybody knows this, but there is now a risk in getting involved in ERC20 based ICO, and that is they are locking bounty hunters rewards after they've sent it to their bounty hunters,

So even if the coins are already sent to your wallet you really don't own it, because they can lock it anytime at their whims that's what happens to Dexage and Liker, they sent the tokens to their bounty hunters then lock it, so they will not dump, and will only unlock it maybe after they dump all their shares and run away.

what's your take on this bounty hunters?

Actually i don't think so at this time. As eth and BTC price is going up so that ERC20 tokens price going down. It is normal graph of market. On the otherhand every company/team mush think about their reputation so that when bounty tokens go wallets price may dump as hunters sell at a time. So team think coin will give turn by turn so that price will not dump. In this way team and hunters both will be benefited.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: inanilujimi on June 17, 2019, 04:12:37 PM
I have experienced the same thing but with a different situation where the project team promised to register their altcoins a year later to be registered on several exchanges but as a result they now disappear and all of their social media are no longer active.
if the rules change after the ico sale ends, they are not confident about the project they are working on.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: I Like Bitcoin on June 17, 2019, 04:35:59 PM
Honestly, I have not heard this yet, maybe such situations really happen. I need more information before I can make certain conclusions. But in any case, thanks for such information.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: therhslv on June 17, 2019, 04:37:49 PM
I don't know if everybody knows this, but there is now a risk in getting involved in ERC20 based ICO, and that is they are locking bounty hunters rewards after they've sent it to their bounty hunters,

So even if the coins are already sent to your wallet you really don't own it, because they can lock it anytime at their whims that's what happens to Dexage and Liker, they sent the tokens to their bounty hunters then lock it, so they will not dump, and will only unlock it maybe after they dump all their shares and run away.

what's your take on this bounty hunters?

Thats why read the whitepaper before participating in bounty . There is plenty of bounties that does not state the lockup or freeze period on tokens . But if you take a look at whitepaper then usually Founders and bounty participants along with advisors got token lock .


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: thesmallgod on June 17, 2019, 05:02:47 PM
This is one of the trending risks of participating in bounty hunting this day. The most annoying thing is that most dev will not tell you this until the token sales are over and you start to hear different views most especially from some hungry investors, talking and looking down on bounty hunters. Like I used to tell many of them, not all bounty hunters are hungry and the fact that you lock bounty hunters token does not mean it will not get dumped. Many investors make contributions with huge discount, so they can also trade and dump their token.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: thesmallgod on June 17, 2019, 05:07:52 PM
Honestly, I have not heard this yet, maybe such situations really happen. I need more information before I can make certain conclusions. But in any case, thanks for such information.
Probably you are still new to the technology. Token created that is ERC-20 compliance give the dev advantage of locking anyone token incase they want to do that and that is exactly what the op is explaining. I have seen and witnessed this in the past and currently, a security token called 'CYBER' had made it clear that hunters token will be locked for some months after delaying the token distribution for more than 6 months. I have also participated in ERC-20 token that is called ICONIC. they also locked the bounty hunters token for 1 year but they ran away after 6 months ;D


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: Vishnu.Reang on June 17, 2019, 06:19:23 PM
I still don't know how 1% or 2% of the total tokens in circulation can have a big influence on the prices. The bounty hunters wait patiently for many weeks to receive their tokens. And if they can't sell their tokens even after waiting this much, then it is going to be very unfair. Fortunately I haven't participated in any bounty campaign for more than a year now. And I am glad about that. Nowadays bounty campaigns have become more and more exploitative.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: thehulkk on June 17, 2019, 06:28:16 PM
I will not participate in the bonus campaign that they can lock my token. Bounty hunters give up their efforts to earn rewards and they deserve to decide how to spend.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: nutriagrigia on June 17, 2019, 06:39:23 PM
I will not participate in the bonus campaign that they can lock my token. Bounty hunters give up their efforts to earn rewards and they deserve to decide how to spend.
I think that the solutions to freezing tokens from bounty are correct - because, as a rule, many bounty hunters sell their coins at a lower price and this decision making bad things for all participants of bounty and investors too


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: mulia sabee on June 17, 2019, 06:53:10 PM
I don't know if everybody knows this, but there is now a risk in getting involved in ERC20 based ICO, and that is they are locking bounty hunters rewards after they've sent it to their bounty hunters,

So even if the coins are already sent to your wallet you really don't own it, because they can lock it anytime at their whims that's what happens to Dexage and Liker, they sent the tokens to their bounty hunters then lock it, so they will not dump, and will only unlock it maybe after they dump all their shares and run away.

what's your take on this bounty hunters?

each project has its own sales strategy ... so that the price of the token that has been registered in the market does not fall in price ... the CEO will lock the token for a while and will reopen when the price has stabilized and reaches the target ... because the bounty hunter is very known as "dumpers" ... so a lot of tokens are being locked by the CEO so that there is no dump of prices ...


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: Xalata on June 17, 2019, 10:41:46 PM
Most ICO's have now resolved to locking bounty tokens for a specific period of time to prevent bounty hunters from dumping it. This is not fair to hunters because they spent so much time on promoting projects only to wait for another long time before they can enjoy their rewards.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: Raymondavid47 on June 17, 2019, 10:52:13 PM
This is something so many projects have done and some are planning to do it. CURES is locking Bounty hunters token for one year after token sale and COTI is locking Bounty hunters token for 6 months after holding token distribution for Bounty hunters for 1 year. This is a terrible thing in the crypto world and we need new ideas to fight this menace.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: tabas on June 17, 2019, 11:58:28 PM
Aside from KYC so they have this kind of rule of locking the bounty rewards that they have distributed. In my opinion, they shouldn't do this, let the bounty hunters decide whether they want to sell or keep their coins. But I think the devs are protecting their investors instead of assuring the payment for their bounty hunters, they get nothing from their bounty hunters after participating to their bounty and they were already paid then so it's no longer an issue for the devs and they won't care about it.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: khiholangkang on June 18, 2019, 01:36:11 AM
I don't know if everybody knows this, but there is now a risk in getting involved in ERC20 based ICO, and that is they are locking bounty hunters rewards after they've sent it to their bounty hunters,

So even if the coins are already sent to your wallet you really don't own it, because they can lock it anytime at their whims that's what happens to Dexage and Liker, they sent the tokens to their bounty hunters then lock it, so they will not dump, and will only unlock it maybe after they dump all their shares and run away.

what's your take on this bounty hunters?
locking the token bounty is usually planned from the start, and we as bounty participants should already know that and that is a natural thing in my opinion not need to be worried because many projects like that now


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: joromz1226 on June 18, 2019, 01:49:46 AM
I don't know if everybody knows this, but there is now a risk in getting involved in ERC20 based ICO, and that is they are locking bounty hunters rewards after they've sent it to their bounty hunters,

So even if the coins are already sent to your wallet you really don't own it, because they can lock it anytime at their whims that's what happens to Dexage and Liker, they sent the tokens to their bounty hunters then lock it, so they will not dump, and will only unlock it maybe after they dump all their shares and run away.

what's your take on this bounty hunters?

Because they are thinking that bounty hunters is the main reason to dumb any coins in the market every time there is a new token project that has been done. Although, it's not the right thing to do to their participants, it is actually unjust and they've became dictator for the bounty hunters according to my analysis.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: coin-investor on June 18, 2019, 01:56:45 AM
I don't know if everybody knows this, but there is now a risk in getting involved in ERC20 based ICO, and that is they are locking bounty hunters rewards after they've sent it to their bounty hunters,

So even if the coins are already sent to your wallet you really don't own it, because they can lock it anytime at their whims that's what happens to Dexage and Liker, they sent the tokens to their bounty hunters then lock it, so they will not dump, and will only unlock it maybe after they dump all their shares and run away.

what's your take on this bounty hunters?
locking the token bounty is usually planned from the start, and we as bounty participants should already know that and that is a natural thing in my opinion not need to be worried because many projects like that now

I don't think the two coins mentioned that locked bounty rewards coins are not planned at all, they locked it after the bounty was finished and already distributed if there were plans to lock it after the bounty, no bounty hunters will participate on that campaign, they are not being truthful.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: Koadharber on June 18, 2019, 02:52:51 AM
I don't know if everybody knows this, but there is now a risk in getting involved in ERC20 based ICO, and that is they are locking bounty hunters rewards after they've sent it to their bounty hunters,

So even if the coins are already sent to your wallet you really don't own it, because they can lock it anytime at their whims that's what happens to Dexage and Liker, they sent the tokens to their bounty hunters then lock it, so they will not dump, and will only unlock it maybe after they dump all their shares and run away.

what's your take on this bounty hunters?
locking the token bounty is usually planned from the start, and we as bounty participants should already know that and that is a natural thing in my opinion not need to be worried because many projects like that now

We see many projects nowadays that is locking their tokens if they distribute it to their participants because they want to avoid dumping of tokens and they want to protect their investors,but remember not all the time bounty participants dump their tokens there are investors and members of the team dump their tokens also,and we cannot avoid worrying if the projects not make their promise and changes their rules because of their own interest.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: Tylev on June 18, 2019, 04:28:18 AM
We now lack government regulation of the ICO. Indeed, the ICO teams now do what they want. This should not be. We need clearly defined rights and obligations of the parties. In civil law in general, there is no such that one of the parties declares that it can change any rules of the agreement at its discretion. This actually means there are no rules for this party. This contradicts the logic of transactions. The state should eliminate this.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: distr@yopmail.com on June 18, 2019, 04:30:34 AM
I don't think that ERC-20 or ICO is risky for bounty hunters. it all depends on how you choose the really good project. we can see the ICO ERC-20 token is also very good. even BNB token start from ERC and they develop their projects and make their own blockchain.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: Xampeuu on June 18, 2019, 04:37:49 AM
I don't think that ERC-20 or ICO is risky for bounty hunters. it all depends on how you choose the really good project. we can see the ICO ERC-20 token is also very good. even BNB token start from ERC and they develop their projects and make their own blockchain.
I think this is one of the risks of a bounty hunter. sometimes we analyze the project well, but eventually the project ends badly. many tokens are locked and limited in time, so the bounty hunter can't trade it. if it's like that, it can only surrender


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: Chika08 on June 18, 2019, 04:38:48 AM
I don't know if everybody knows this, but there is now a risk in getting involved in ERC20 based ICO, and that is they are locking bounty hunters rewards after they've sent it to their bounty hunters,

So even if the coins are already sent to your wallet you really don't own it, because they can lock it anytime at their whims that's what happens to Dexage and Liker, they sent the tokens to their bounty hunters then lock it, so they will not dump, and will only unlock it maybe after they dump all their shares and run away.

what's your take on this bounty hunters?
I will not call that risky and I will not say it's ideal as well. Although I have not come across such projects who will lock my wallet from sending it's token but I know a particular smart contract can be lock. I also know that bounty token can be locked if it's on a single wallet before distribution or the entire smart contract is locked and not locking individuals wallet after token has been sent. If that can happen, then why can't the team lock a scammer or hackers wallet?


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: cak imin on June 18, 2019, 04:42:41 AM
I think this is one of the risks of a bounty hunter. sometimes we analyze the project well, but eventually the project ends badly. many tokens are locked and limited in time, so the bounty hunter can't trade it. if it's like that, it can only surrender
I think we all know it all. and it is true that you say it is a risk of a bounty hunter. now it all becomes a gamble that pits our luck. get paid or not, we have chosen to join, and we must accept all the risks.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: thesmallgod on June 18, 2019, 05:52:05 AM
I just see it as complete hunger for more promotion by providing a huge token for hunters that they will eventually lock or will later reduce. Many projects lack sincerity to bounty hunters and I believe some wise hunters now are not only joining bounty because of reward but for other factors such as this. Many ERC-20 tokens always end in deep shit and 99% of the project always like to be ERC-20 because of the cheap cost of making the smart contract.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: zikzag on June 18, 2019, 06:13:17 AM
I have Liker tokens and they have been blocked for a long time. When this company held bounty, they did not speak about any blockages.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: taguig on June 19, 2019, 04:42:53 AM
Ilker for the third time in a row refused to unlock their token for bounty hunters, now they are not giving any date for the unlock so there is no chance now for bounty hunters to trade their token wasted time and energy.

YUou can help bounty hunters by helping me flag this scam project
https://bitcointalk.org/index.php?action=trust;flag=231


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: ridha inoue on June 19, 2019, 05:20:08 AM
Yeah i agree with you.
Erc20 bounty have a big risk to join.
If you take some research with erc20 bounty projects in 2018 almost of all is scam project.
Now if there is bounty erc20 i will never take that.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: guoyu78 on June 19, 2019, 08:21:24 AM
I don't know if everybody knows this, but there is now a risk in getting involved in ERC20 based ICO, and that is they are locking bounty hunters rewards after they've sent it to their bounty hunters,

So even if the coins are already sent to your wallet you really don't own it, because they can lock it anytime at their whims that's what happens to Dexage and Liker, they sent the tokens to their bounty hunters then lock it, so they will not dump, and will only unlock it maybe after they dump all their shares and run away.

what's your take on this bounty hunters?
It would have actually being the best strategy if it is being done by a good company, and not only hunters too, they should also lock certain percentage of investor’s shares too because that is where the major dumping usually comes from and not from hunters. I don’t see this tactics working for too long, because people are known to always abuse things, and before you know it now, bad projects would hijack it to still scan hunters and people like you described in your post.

I don’t think they should implement this policy at all, because it will only end up working against them as hunters will completely be shunning any ICO projects that they see now, this is exactly what will bring the end to ICO if they do not take care.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: xsantana on June 19, 2019, 08:56:33 AM
I don't know if everybody knows this, but there is now a risk in getting involved in ERC20 based ICO, and that is they are locking bounty hunters rewards after they've sent it to their bounty hunters,

So even if the coins are already sent to your wallet you really don't own it, because they can lock it anytime at their whims that's what happens to Dexage and Liker, they sent the tokens to their bounty hunters then lock it, so they will not dump, and will only unlock it maybe after they dump all their shares and run away.

what's your take on this bounty hunters?

That usually occurs in projects that fail to launch the exchange. But they already have tokens and these tokens have no price value


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: BeManga on June 19, 2019, 09:48:47 AM
I don't know if everybody knows this, but there is now a risk in getting involved in ERC20 based ICO, and that is they are locking bounty hunters rewards after they've sent it to their bounty hunters,

So even if the coins are already sent to your wallet you really don't own it, because they can lock it anytime at their whims that's what happens to Dexage and Liker, they sent the tokens to their bounty hunters then lock it, so they will not dump, and will only unlock it maybe after they dump all their shares and run away.

what's your take on this bounty hunters?
its good for me that i didnt discover that campaign before
it they tell it during the campaign it will discourage bounty hunter to pariticipate
the bounty hunter work for it and its not right for them to lock the token


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: davinchi on June 19, 2019, 10:03:30 AM

actually it is not a good thing for the bounty hunters, this would mean a further wait before being able to monetize their work and with the uncertainty of the price in the long term, i hope that not all the ico will adopt this system
They better not really adopt this system because It will discourage people like me completely about ICO, and one thing this guys need to start seeing is that, they are paying hunters salaries, why would an hunter work and not be entitled to his money at any time they pay, is it a must that hunter a to join investors in holding as investment.

This is really crazy and these developers are just having misplaced priorities. There are other things that need to be tackled concerning their project than chasing after hunters who are not the one that is making their price dump. People generally only invest in their project to get profit and leave, not to hold it for long term.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: llecrf on June 19, 2019, 10:15:33 AM
A good project and a good development team don't need to lock tokens to avoid dumps or do you want to cheat everyone, I am very worried about this, when the market is bearish in 2018 I still believe in projects that lock tokens to avoid dumps, but if at this time it happens, I think this is not a matter of the price of the token, but the developers are not ready to accept the risk after the project completes the ICO and is not successfully registered in the crypto exchange


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: sempak on June 19, 2019, 10:21:37 AM
Rarely when bounty participants have been distributed have token locking. what language is usually explained. like waiting for an exchange to avoid exchanges outside the team's submission. this is a good goal


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: tins on June 19, 2019, 11:00:15 AM
I think this is one of the risks of a bounty hunter. sometimes we analyze the project well, but eventually the project ends badly. many tokens are locked and limited in time, so the bounty hunter can't trade it. if it's like that, it can only surrender
I think we all know it all. and it is true that you say it is a risk of a bounty hunter. now it all becomes a gamble that pits our luck. get paid or not, we have chosen to join, and we must accept all the risks.

I see many people focus on making money from bounty, it is true that we have put effort into investing in campaigns. However, in my opinion, don't rely too much on bounty, it's simply a lucky game. If you're lucky, you can earn a lot of money


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: ahmed04 on June 19, 2019, 04:06:39 PM
I think you're panicking for nothing. Now is a very good time to participate in bounty programs. Since the whole market raises the price. Today, it is profitable for projects to be listed on the stock exchange. Not to worry.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: Docbee on June 20, 2019, 05:39:56 AM
This new method of depriving bounty hunters their reward is really frustrating, six month isn't a long time but the problem here is the team, this type of action is favourable to hunters if the team is real and they aren't planing on abandoning the project after dumping loads of their token.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: Absolutep on June 20, 2019, 05:49:12 AM
Actually, some dev and team are doing that just to control the price of the coin and most times is for the good of the project and for the community but knowing that some are doing that just to dump their own share and run away is a bad thing to the crypto community at large.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: rachman mahesa on June 20, 2019, 06:10:11 AM
Actually, some dev and team are doing that just to control the price of the coin and most times is for the good of the project and for the community but knowing that some are doing that just to dump their own share and run away is a bad thing to the crypto community at large.
If the goal is for stable prices, of course that is a good goal. Because most after locking tokens, instead of a good price even the price is a severe dump. That proves not a bounty hunter which results in a price dump. But people have lots of tokens which result in dump prices. With the locking of tokens for bounty hunters this is actually not a good step.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: Farma on June 20, 2019, 06:14:21 AM
I think it depends on the rules of the project in question. things that are done outside the rules they make themselves will reduce the trust of investors, and their supporters. well, but no doubt, some projects always lock the tokens they send on bounty hunter wallets for some time. well, that is also the risk of becoming a bounty hunter.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: sana54210 on June 20, 2019, 05:57:55 PM
Wow, That is crazy.... Until now I never participate in the bounty campaign with that rule.
I hope this type of project will dead. Because , It is unfair for bounty participants.
Watch and see that it will be a matter of time before the new projects join in spreading the disease too. See how KYC started, we only had few projects and exchanges that were imposing in it when it started, but right now, virtually every projects do request for KYC including sections too, to the extent of demanding KYC from bounty hunter.

There is no way other projects will not start locking hunter’s token too with their made belief that hunters are the ones dumping their coin, and the thing is that, most of the ones that locked hunter’s token still end up becoming a shitcoins after the main dumpers who happen to be the investors strike the market.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: Rasa nanas on June 20, 2019, 06:12:07 PM
I think you're panicking for nothing. Now is a very good time to participate in bounty programs. Since the whole market raises the price. Today, it is profitable for projects to be listed on the stock exchange. Not to worry.

I have not seen this now, there are still many bounty hunters who have not obtained their rights. in my opinion this is not a good time, but the situation is far better than in early 2018.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: anatolij.shishkin on June 20, 2019, 06:30:47 PM
And other projects simply assign payment within 2 years. And what will happen to this coin in 2 years? Such projects are fraudsters. Nothing more.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: nikola22 on June 20, 2019, 06:35:35 PM
usually projects warn about such possibility but locking the tokens will only do good things for the holders as they don't sell them immediately.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: royalfestus on June 20, 2019, 06:38:29 PM
this cases of locked ERC20 tokens are fewer than raising eye browse. I also dont think not only bounty hunters are victims of the lock. It is disheartening to see team raise fund and decide to lock people's fund compulsorily because they want to make profit without the hunter. There is no reason that justifies that. Bounty hunters and managers need to work together than ever


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: abuhazzan on June 20, 2019, 07:27:49 PM
While I feel the pains of bounty hunters whose tokens are locked, I guess I respect the decisions of the team too. You see, they have got to protect the interests of their investors too. And most importantly safeguard the price of the token from falling below reasonable threshold.

Yes, bounty hunters may be pained but if the project is a solid one, then no need to fear, for later in the end, you are still going to cashout.

That's called delayed gratification


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: Fedrey on June 20, 2019, 08:27:31 PM
if Bounty Hunters receive their rewards, But these tokens are blocked, then there is nothing to worry about.  The main thing is that the project develops. These coins are in a good price category in the village. And then it will be possible to sell or trade them.  Why now unlock these coins, if they practically do not have a decent price.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: Emitdama on June 21, 2019, 07:26:14 AM
I don't know if everybody knows this, but there is now a risk in getting involved in ERC20 based ICO, and that is they are locking bounty hunters rewards after they've sent it to their bounty hunters,

So even if the coins are already sent to your wallet you really don't own it, because they can lock it anytime at their whims that's what happens to Dexage and Liker, they sent the tokens to their bounty hunters then lock it, so they will not dump, and will only unlock it maybe after they dump all their shares and run away.

what's your take on this bounty hunters?

They are locking the token because they want to prevent dumping price after distribution.
But actually the cause of dump not always from bounty hunters. So, i think this method is not effective.
To prevent dump, the team need to create more demands of their token.
I term it has wickedness on the part of developers to bounty hunters, pure wickedness I mean, because there is really no correlation between hunters tokens and why their coin or projects fails. Let these developers do the math themselves and see the ratio of what their investors hold and what bounty hunters held, if they are truthful to themselves, they will see that it is really not significant to cause any form of dumping at all to them.

If there is any of their policy they need to work on, which is the major thing casing these dump, is the bonus policy to their investors, those bonuses are just too much, and really needs to be caught down.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: armanhusni on June 21, 2019, 10:38:46 AM
I don't know if everybody knows this, but there is now a risk in getting involved in ERC20 based ICO, and that is they are locking bounty hunters rewards after they've sent it to their bounty hunters,

So even if the coins are already sent to your wallet you really don't own it, because they can lock it anytime at their whims that's what happens to Dexage and Liker, they sent the tokens to their bounty hunters then lock it, so they will not dump, and will only unlock it maybe after they dump all their shares and run away.

what's your take on this bounty hunters?

has happened a lot as you have said ... this is a problem that is often faced by bounty hunters .. so before we follow the bountie project, we must pay close attention and care so that we don't get events like coin liker and dexage ... harming our time and hard work while joining the project ... looking for projects through a trusted bountie manager in the bitcointalk forum ..


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: travwill on June 21, 2019, 10:58:06 AM
As a rule, coin blocking has its own reasons. Of course, it is not always nice if the project changes the rules on the go. However, if you are upset that you could not sell scam coins before their creators, then I feel sorry for you.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: kodtycoon on June 21, 2019, 11:05:02 AM
I don't know if everybody knows this, but there is now a risk in getting involved in ERC20 based ICO, and that is they are locking bounty hunters rewards after they've sent it to their bounty hunters,

So even if the coins are already sent to your wallet you really don't own it, because they can lock it anytime at their whims that's what happens to Dexage and Liker, they sent the tokens to their bounty hunters then lock it, so they will not dump, and will only unlock it maybe after they dump all their shares and run away.

what's your take on this bounty hunters?

it is something that is unfair and must be resolved immediately, but if the token is still not listed in an exchange i think it can still be said to be reasonable and maybe they will open the key after the token can be traded in an exchange


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: MUG1WARA on June 21, 2019, 11:50:20 AM
I think you're panicking for nothing. Now is a very good time to participate in bounty programs. Since the whole market raises the price. Today, it is profitable for projects to be listed on the stock exchange. Not to worry.

profitable for those who don't experience a price decline of up to 150% because I see that there are a lot of bounties that have decreased in price when listing in the market


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: ven7net on June 21, 2019, 11:59:20 AM
I treat the party bounty well, since I myself am. But I want to upset you! These are not participants of the bounty that lower the price of tokens, but to a greater extent early investors and various funds to which the administration of projects offer their tokens at a big discount. In my practice, there have been many such cases. This can be seen even as the bounty members' tokens are blocked for use, and the price of the token dies to go down sharply. Why is this happening ?! Looking at it all, on the constant accusations of the participants of the bounty of all sins, I have the impression that this is done on purpose to hide my machinations and failures.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: mammoniter on June 21, 2019, 03:55:20 PM
I don't know if everybody knows this, but there is now a risk in getting involved in ERC20 based ICO, and that is they are locking bounty hunters rewards after they've sent it to their bounty hunters,

So even if the coins are already sent to your wallet you really don't own it, because they can lock it anytime at their whims that's what happens to Dexage and Liker, they sent the tokens to their bounty hunters then lock it, so they will not dump, and will only unlock it maybe after they dump all their shares and run away.

what's your take on this bounty hunters?

Yes I agree. I don't like locking my tokens for a long time. On the other hand, I think its one way to protect the price of the token. Its one way of the developer to make sure that the token will get a fair value once it hit the market. For bounty hunters, its bad because the developer still owns their token and it might end up being dump.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: Khuongcute2503 on June 21, 2019, 04:12:27 PM
I don't know if everybody knows this, but there is now a risk in getting involved in ERC20 based ICO, and that is they are locking bounty hunters rewards after they've sent it to their bounty hunters,

So even if the coins are already sent to your wallet you really don't own it, because they can lock it anytime at their whims that's what happens to Dexage and Liker, they sent the tokens to their bounty hunters then lock it, so they will not dump, and will only unlock it maybe after they dump all their shares and run away.

what's your take on this bounty hunters?
Sadly, I fell into a similar state. This is no different than they don't pay tokens for bounty hunter.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: trade2winnn on June 21, 2019, 04:23:24 PM
Now ISO as a rule in General we can say ceased as they ceased to collect money for fees and everything is gone,and all the tokens ERC20 but now, still many try to transfer their system on their wallets,on their baccani,etc., they will lame zasedenosti


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: Samkol26 on June 21, 2019, 05:18:32 PM
I think in this case their should be prior notice if the token will be locked. But if it is locked without notice and the ICO is completed successfully then it is a scam.  I've seen things like this happen but the coin was unlocked and we are able to sell at good price. That coin is just a scam from the onset


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: armarsterling7 on June 21, 2019, 05:35:48 PM
I don't know if everybody knows this, but there is now a risk in getting involved in ERC20 based ICO, and that is they are locking bounty hunters rewards after they've sent it to their bounty hunters,

So even if the coins are already sent to your wallet you really don't own it, because they can lock it anytime at their whims that's what happens to Dexage and Liker, they sent the tokens to their bounty hunters then lock it, so they will not dump, and will only unlock it maybe after they dump all their shares and run away.

what's your take on this bounty hunters?
How can they lock your token? When the token is transferred to your MEW wallet, everything is entirely up to you to decide. No one can lock your token unless you're still using their App.
And I also know a bad project. it's OATH. They tricked the bounty hunters into executing the withraw command and then changed the fee levels so that we lost a lot of tokens.
after that, they argue that there are fraudsters and continue to delay distribution for another 3 weeks.
Now its price has been divided by 8 compared to the time listed on MXC.
Such projects will never succeed, they have made too many mistakes and failed to keep their promises.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: r_delossa on June 21, 2019, 07:45:49 PM
I thought it was obvious that a lot of projects are doing so. They want to avoid dumping but want to distribute the tokens already. After several months of lock-up, the price makes minus x10 from the ICO price and devs are unlocking the tokens. It is reality.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: fortunecrypto on June 22, 2019, 12:01:54 AM
I don't know if everybody knows this, but there is now a risk in getting involved in ERC20 based ICO, and that is they are locking bounty hunters rewards after they've sent it to their bounty hunters,

So even if the coins are already sent to your wallet you really don't own it, because they can lock it anytime at their whims that's what happens to Dexage and Liker, they sent the tokens to their bounty hunters then lock it, so they will not dump, and will only unlock it maybe after they dump all their shares and run away.

what's your take on this bounty hunters?
How can they lock your token? When the token is transferred to your MEW wallet, everything is entirely up to you to decide. No one can lock your token unless you're still using their App.
And I also know a bad project. it's OATH. They tricked the bounty hunters into executing the withraw command and then changed the fee levels so that we lost a lot of tokens.
after that, they argue that there are fraudsters and continue to delay distribution for another 3 weeks.
Now its price has been divided by 8 compared to the time listed on MXC.
Such projects will never succeed, they have made too many mistakes and failed to keep their promises.

Do your own research ERC20 has this option, and yes there are some developers that indeed locked their bounty hunter's tokens,  they can unlock it for a indefinite period of time, this kind of actions should be considered scam as they never tell this to bounty hunters, when they are rolling out their campaign, only change rule after the distribution.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: JeBro on June 22, 2019, 02:51:10 AM
What tricks the ICO project managers don’t resort to in order to protect the influence of bounty hunters on the cost of tokens! I suppose such actions testify, first of all, to the team's unprofessionalism and project immaturity, which are blaming their mistakes on the bounty hunters. If the ICO project is worthwhile, then no bounty hunters can bring down the price of its tokens.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: judeafante on June 22, 2019, 03:03:21 AM
What tricks the ICO project managers don’t resort to in order to protect the influence of bounty hunters on the cost of tokens! I suppose such actions testify, first of all, to the team's unprofessionalism and project immaturity, which are blaming their mistakes on the bounty hunters. If the ICO project is worthwhile, then no bounty hunters can bring down the price of its tokens.

I agree these developers do not trust their project if the project is really that good no amount of dumping from investors and bounty hunters can harm it, and the price will eventually recover if they have a platform that is recognized and supported by investors.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: amonymous on June 23, 2019, 03:41:13 PM
It's not good for bounty hunter and the team should not change the rules at any time. There are many projects I know that make a crime during distribution of the token and reduce it.
But it is a matter of concern that they do this crime to avoid the dumping of token price.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: bitgolden on June 25, 2019, 10:36:20 AM
It's not good for bounty hunter and the team should not change the rules at any time. There are many projects I know that make a crime during distribution of the token and reduce it.
But it is a matter of concern that they do this crime to avoid the dumping of token price.
Some of these developers are just bunch of unserious people that lacks vision and focus, how can they all be thinking in one direction and everything they have tried against hunters still has not made their project to become successful. The success of their projects lies in their hand and the only way to be successful is when they come up with a product that can never be rejected by investors anytime they see it, whether now or in future.

Is it only on their projects that dumping do occur? Dumping occurs on Bitcoin from time to time and yet, the value keeps appreciating, if they all claim they have a better blockchain solution, then why is it biotin that is still performing more than all these new generation coins.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: robelneo on June 25, 2019, 12:38:44 PM
It's not good for bounty hunter and the team should not change the rules at any time. There are many projects I know that make a crime during distribution of the token and reduce it.
But it is a matter of concern that they do this crime to avoid the dumping of token price.

Well, I hope that's not the case, so far Likerworld has released 30% based on what I've read on their telegram, I don't know about the other coins, but this is the two instances that caught bounty hunters by surprised, imagine after months of waiting they have to wait for 3 to 5 months more to wait again.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: Pamadar on June 25, 2019, 01:06:28 PM
What tricks the ICO project managers don’t resort to in order to protect the influence of bounty hunters on the cost of tokens! I suppose such actions testify, first of all, to the team's unprofessionalism and project immaturity, which are blaming their mistakes on the bounty hunters. If the ICO project is worthwhile, then no bounty hunters can bring down the price of its tokens.

I agree these developers do not trust their project if the project is really that good no amount of dumping from investors and bounty hunters can harm it, and the price will eventually recover if they have a platform that is recognized and supported by investors.
The success of any projects lied with how the team will work it's not the bounty or the dumpers but the performance of the projects that matters the most, if they are not believing from their own work definitely this kind of things will happen no matter how good the hunters did their works and research about the project.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: torry28 on June 25, 2019, 01:14:38 PM
It's not good for bounty hunter and the team should not change the rules at any time. There are many projects I know that make a crime during distribution of the token and reduce it.
But it is a matter of concern that they do this crime to avoid the dumping of token price.

Well, I hope that's not the case, so far Likerworld has released 30% based on what I've read on their telegram, I don't know about the other coins, but this is the two instances that caught bounty hunters by surprised, imagine after months of waiting they have to wait for 3 to 5 months more to wait again.
How about Atlant? They even divided the bounty in a year, so all bounty hunter were received their bounty 1/12 in every month. But sadly, before all bounties have distributed, ATL price keep going down until in the end they stopped paying the bounty hunter aka turned scam.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: Zionatin on June 25, 2019, 03:18:48 PM
I think as long as they tell you upfront the tokens will be locked. Though if they get locked and unlocked at the same time then you just back at the same problem again and hunters will dump.
This is why projects should stop accepting people who have no interest in anything and can't even read. They ruin ICO and they ruin things for us. I don't sell my tokens. I wait for the rest of the idiots to sell their tokens to me and then I wait over a year and poof profits.

Having bounty hunters dump is not actually that bad. It is very predictable and you know it will happen thus you can plan. You know eactly what will happen, you alrady know the market will take a hit. All this means is you need to enter into bear mode. Time your buy and buy at the bottom when almost everyone is done dumping. Hold as many tokens as you can and stay in contact with the dev team. YOu have so much power now that you grabbed half the capital of tokens for cheap. Wait for the project to do better and slowly sell them off.

I personally want to thank bounty hunters that dump. Because of you I have made up to 100x the return.

The most I made was with snov token. I made over $5000 hunters dumped for pennies and I waited.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: Genkotsu on June 25, 2019, 04:01:01 PM
Medium types of projects can't funds rise and can't offer USD as reward. Must new cryptocurrency rules need that about tokensale and token block
Yeah we need some new rules here in ICO and cryptocurrency lauching project for protecting investor.
Scammers is so free now and they can make again and again more and more scam project.
I don't have a problem with project erc20 but please making some rules to make us feel safe.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: Indamuck on June 25, 2019, 04:07:14 PM
A similar thing happens with stocks, founders and other early investors aren't allowed to dump right away and are subjected to a lock up period.  I don't see any issue with this as it gives other new investors more confidence that the price won't crash.


Title: Re: Bounty hunters risk on ERC20 tokens in ICO
Post by: BryanK on June 29, 2019, 05:10:44 PM
Well, while most projects adhere to this wallet and developers will be able to deceive investors and bounty hunters. I think that with the development of the blockchain, we will be able to see a quality wallet.