Is it ok to lock your bounty for 4 months

[mirakal]

this is actually not really a problem if we see bounty not getting a token in a few months because the market conditions are not good or anything else. but most of them run away without paying

That's the problem, therefore it's necessary to study carefully the project you are participating to ensure you will get your reward.
Successful ICO with big supporters will listen to their investors, they can lock the tokens but they will be transparent with their update, they have
a reason to stay since they successfully raised a good amount, so you are a little ensured with that.

[1714663575]

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[1714663575]

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[1714663575]

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[vareehavee]

Locking tokens allocated to bounty hunter is actually good both for bounty hunters and the project. It can avoid a project from dumpers which mostly are bounty hunters. Also, bounty hunters who are only want to sell projects' token as soon as they received the bounty payment will be decreased, and the bounty will be only for them who are really believe in the project.

Exactly Correct


Frustrating that they would make it up after without telling anyone, but is going to help with dumping

[Ycekezuv]

As a rule, project managers now do this often, while they believe that they will keep the price of tokens this way!

[zero714309]

I find this problem often but this more better than they not paying bounty hunter. Sometimes so many project changes their rules in the end of bounty but as bounty hunter we cant doing anything. When project still ongoing they need bounty hunter to promote their project but in the end sometimes they call us as a trash. Not fair but this locked maybe for their good movement price because some people  afraid bounty hunter dump token price in the low price. But nothing to worry.

[Ostonian]

This is done to ensure that tokens immediately after listing on the exchange does not lose their value. They will unlock them either gradually or all at once.

[marjil]

If it's part of their strategy then you can't anything about it

If this is what they are saying in their terms and conditions before you sign up then it's up to you if you want to proceed with such a bounty or find another one that does not have a lock up period.

[Betwrong]

~
I think this is because the ICO devs doesn't want hunters selling their tokens  quickly just after the sale.
They want to prevent dump by locking the token. But i think it is not necessary to lock it, because usually hunters received only small percentage.

Exactly. Let's examine this particular campaign from the OP, for example. The total supply of Liker is 3,000,000,000 LK, and according to their bounty thread:

Total Token allocated for this bounty will be 5,000,000 of LIKER Token (LK)

5,000,000 : 3,000,000,000 = 0.0017

Selling 0.17% of all tokens, even in one day, can't make a big impact on the price, in fact, it's not even close to that amount that could make an impact. So, locking the tokens of bounty hunters for a long time is an unnecessary measure in economic terms.

The main reason for such a measure is its psychological effect on the investors, who can feel privileged knowing that they are allowed to sell their tokens while the bounty hunters are not.

[matchi2011]

If it's part of their strategy then you can't anything about it

If this is what they are saying in their terms and conditions before you sign up then it's up to you if you want to proceed with such a bounty or find another one that does not have a lock up period.

Arrangement like this will be for bounty hunters to accept during the first sign up, if the team give this rules and participants agrees there's no
problem that will discussed, but for sure things is different when after finishing the job and the rules was change due to some issue or developers
decide that's it is requires the hunters doing so, better to have a much clearer rules so issue will not be raised after.

[robelneo]

~
I think this is because the ICO devs doesn't want hunters selling their tokens  quickly just after the sale.
They want to prevent dump by locking the token. But i think it is not necessary to lock it, because usually hunters received only small percentage.

Exactly. Let's examine this particular campaign from the OP, for example. The total supply of Liker is 3,000,000,000 LK, and according to their bounty thread:

Total Token allocated for this bounty will be 5,000,000 of LIKER Token (LK)

5,000,000 : 3,000,000,000 = 0.0017

Selling 0.17% of all tokens, even in one day, can't make a big impact on the price, in fact, it's not even close to that amount that could make an impact. So, locking the tokens of bounty hunters for a long time is an unnecessary measure in economic terms.

The main reason for such a measure is its psychological effect on the investors, who can feel privileged knowing that they are allowed to sell their tokens while the bounty hunters are not.

I totally agree bounty hunters selling in the first days in the market will not hard the price, because they own the smallest share in the market, the dev team are with the biggest shares always, they are the one likely to dump when it first hit the market.

[nugezmils]

It is their strategy, but I feel the bounty hunters or whoever wants to have the coins should be told form inception about the lock-up period. And from another angle, it could be that they are only trying to protect their project and coin value.

[baigreen]

Ok I received my liker coins this month but unfortunately, I would have to wait for 4 months or the month of May before they let me trade their token, do you think this is ok they never mentioned that they are going to lock for 4 months during the bounty period, what's your thoughts on this?

This is their thread
https://bitcointalk.org/index.php?topic=5061763

Locking tokens is a normal and even frequent occurrence for projects. In my opinion, this is not bad because in this way they can give a price to their coins. Through the development of the platform or any pozitivnyh news. Or simply the team does not want to enter the market when the prices of coins fall every day.

[rachellee]

Actually, locking the tokens is much better than not paying at all for reason of recession. I've joined some bounties which say that they won't distribute the tokens unless the market goes up. This might be unfair for many hunters. Imagine the effort of doing the bounty for such long months and the burden of waiting for your token payment. But if you'll analyze things, it's for the good of the project, as well as its community. Afterall, what profit will it bring us if we'll be able to sell now? Who knows? It might bring us unimaginable profit in the months to come.

[DMC_Ken]

Yes, its okay to lock your bounties in 4 months, so you can get profit when the price are high, and it depends to a person how many months he or she will lock up their bounties before they trade it, because it's a nice strategy too to make some profit.

[ifykiki]

Ok I received my liker coins this month but unfortunately, I would have to wait for 4 months or the month of May before they let me trade their token, do you think this is ok they never mentioned that they are going to lock for 4 months during the bounty period, what's your thoughts on this?

This is their thread
https://bitcointalk.org/index.php?topic=5061763

If it's the way they want it, you have no choice. It's one of the things bounty hunters suffer from. Bounty managers won't say anything about lockup and all of a sudden dey will just come out with new rules

[siena23]

I also received a liker token, in my opinion it was one of the team's strategies for the price of tokens after listing. In the key if I'm okay, the most important thing is the price is not dumping and certainly not a scam.

[MikeyVeez]

Everything is okay, if you would ever see your money. I am talking money and not tokens. Tokens recently have no value, you are working hard for it, waiting few months for distribution and after all you have tokens that you can´t trade because the coin is not listed.

[Squirrel Dearing]

Now this happens all the time, because the projects are trying to survive in a bear market. In order to keep the price of the coin, the developers postpone the distribution of coins, or block them on your wallet for a certain period of time.

[ramahero01]

Ok I received my liker coins this month but unfortunately, I would have to wait for 4 months or the month of May before they let me trade their token, do you think this is ok they never mentioned that they are going to lock for 4 months during the bounty period, what's your thoughts on this?

This is their thread
https://bitcointalk.org/index.php?topic=5061763

currently, many projects are doing this. you must keep abreast of the project's development because a good project they will always be transparent in providing news about the development of their project to their supporters. therefore make sure that the project team does this.

[normanderecho]

Ok I received my liker coins this month but unfortunately, I would have to wait for 4 months or the month of May before they let me trade their token, do you think this is ok they never mentioned that they are going to lock for 4 months during the bounty period, what's your thoughts on this?

This is their thread
https://bitcointalk.org/index.php?topic=5061763

If they stated it before the bounty campaign is done or during to its period perhaps nobody will join their campaign or many will quit. So, I guess they mean everything as part of their tactics regards to their campaign that aim drive into success.

[vareehavee]

If it's part of their strategy then you can't anything about it

If this is what they are saying in their terms and conditions before you sign up then it's up to you if you want to proceed with such a bounty or find another one that does not have a lock up period.

Arrangement like this will be for bounty hunters to accept during the first sign up, if the team give this rules and participants agrees there's no
problem that will discussed, but for sure things is different when after finishing the job and the rules was change due to some issue or developers
decide that's it is requires the hunters doing so, better to have a much clearer rules so issue will not be raised after.

Cant argue with that
it may help and technically they can do it
but the right way would be to tell them  up front