PanGiMoon
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February 11, 2019, 06:49:44 AM |
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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=5061763They can, and then also reduce the payments and say it happened, so decide whether to invest in a project that does not value people who gave them the right to live.
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Bttzed03
Legendary
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https://bitcoincleanup.com/
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February 11, 2019, 07:09:59 AM |
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The team always reserve the right to change the bounty rules. I would not mind locking of bounty rewards to be honest as long as they do not abandon the project.
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ObroQ
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Activity: 238
Merit: 10
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February 11, 2019, 07:21:00 AM |
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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=5061763To some extent i can understand locking tokens but that should have been written somewhere in the bounty thread. As it is is more of a form of abuse, since you had only a part of the information when you joined the bounty.
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tiggytomb
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Activity: 1848
Merit: 1000
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February 11, 2019, 07:25:01 AM |
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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=5061763I think it is bad practice to do this, epecially if it was not stated at the start, people have spent time promoting their project expecting their agreed reward. You cannot just change these things at the end, it is unfair.
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adrianto1995
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February 11, 2019, 07:29:58 AM |
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It just for prevents price dump from the bounty hunters, Almost every project that I saw since 2018 always use this strategy. I know it makes us need to wait for longer to enjoy our reward from our hard work but It must do by the team to make the price of their token become stable...
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Woolles890
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A Blockchain Mobile Operator With Token Rewards
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February 11, 2019, 07:51:38 AM |
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They locked the tokens for various reasons and this was a strategy the team did, just hoping it wasn't just a scam. Also, check the telegram, the team is still active or not, and what action is taken by the development team in the process of locking the token.
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tonibyuzen
Jr. Member
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Activity: 168
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“Justice as a Service Infrastructure”
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February 11, 2019, 08:36:38 AM |
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I think that you have recently become a bounty hunter, because this practice is used by many companies. In the crypto-currency market, you do not have to wait for justice, you have to agree with the decision of the development team. In addition, this is done in order to protect the rate of the coin from a strong decline.
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HappyCaptain
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February 11, 2019, 12:04:17 PM |
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the team is avoiding the price dump of their token which is good for a project although the sad part is that bounty hunters will pay the price and have to wait a bit longer before they get what they've earn but this strategy is good in the long run.
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Jrfranco
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February 11, 2019, 12:11:16 PM |
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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=5061763In my own observation, bounty nowadays has been realigned and adjusted to when it comes to distribution and locking of tokens, some project tokens were lock and in order to protect the market value and avoid dumping of value, in my case it is okay for me, as long as the tokens would still be valued and liquidated after the dues of locking of tokens, but some others were disagree d on this method because it is the right of the bounty participants to receive their share and liquidate profits based in their performances.
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vova.andreyan.94
Jr. Member
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Activity: 336
Merit: 1
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February 11, 2019, 12:12:32 PM |
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It seems to me that they are taking such steps in connection with the market situation. Recently, I have often watched this!
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novusordo
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February 11, 2019, 12:17:42 PM |
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The team always reserve the right to change the bounty rules. I would not mind locking of bounty rewards to be honest as long as they do not abandon the project.
For those projects, I think they are very interested in their projects and they are afraid that prices will be dumped when the bounty is distributed. Locked bounty for 4 months will help the price of the token will not be dumped at the time listed in the exchange. I will be patient and waiting to receive those tokens, very valuable
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heritage35
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Activity: 462
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February 11, 2019, 12:23:56 PM |
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It is quite unfortunate that some rules are not made clear at the start of bounty. They are not also announced during bounty, but when it ha ended. I just wonder sometimes when i read statements like "we have the right to make changes to bounty rules" during bounty and it keeps me quizzed on what may likely happen, which most times bounty hunters may not like.
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Bravext
Copper Member
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February 11, 2019, 12:27:08 PM |
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It it quite a dishonest ethics to distribute coin and that is when you inform the participants of the bounty that the coin would be locked for 4 months, it should have been announced before the bounty even started.
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Chemcrier
Copper Member
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Activity: 154
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IMO Exchange - Customer First.
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February 11, 2019, 12:28:26 PM |
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I have participated in several bounties that has locked their tokens for several lengths of time and I do not mind as long as it is stated in the rules beforehand and I still agreed to take part in the bounty, it is criminal to suddenly do such a thing when it is time for distribution.
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VampKing
Copper Member
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February 11, 2019, 12:34:44 PM |
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I think it's obviously good for you. Let's say you get the payment right now & people start to trade them maybe at 1/10 times of price & destroy their project plan. And their coins/tokens will end up with no worth. Is it good for you? It's better you get the payment a little bit later with a handsome amount of value. Hope it helps.
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X-ray
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February 11, 2019, 12:37:27 PM |
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I've seen something like that in the past, locking bounty for 4months happens sometimes to avoid dumps from bounty hunters ,its nothing to worry about after 4months you will be able to trade
maybe that's a good goal, because like that, the price will be better, but investors don't dump. I myself don't have much problem with lock for paid bounties. but that could only be to protect the interests of investors. The dump can't be avoided if the token has very low volume after listed on the exchange site, look at some major coins which created the bounty too and they can list the token to the big exchange and it can prevent the dump and it's effective.
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ansarose1
Member
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February 11, 2019, 12:39:53 PM |
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Well i think its alright to lock the bounty rewards in just 4 months. For the betterness of the coins not to be dump, ut is necessary to hold it by the ico project.
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desticy
Sr. Member
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www.cd3d.app
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February 11, 2019, 12:43:02 PM |
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Personally, I do not mind this practice, provided that investors receive coins with the same restrictions and the project team itself will also have tokens with a lock.
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bitcampaign
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Activity: 1764
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Vave.com - Crypto Casino
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February 11, 2019, 12:49:17 PM |
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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=5061763maybe they have a reason why they should lock the token, the market is bearish and maybe they want to keep the value, we all know that sometimes bounty hunters really throw away at cheap prices, that's what they might do
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Quintrix
Member
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Activity: 259
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February 11, 2019, 12:54:09 PM |
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Personally, I do not mind this practice, provided that investors receive coins with the same restrictions and the project team itself will also have tokens with a lock.
I just hope it will not become a practice imagine you are going to promote a project for 4 months then they will lock it for another four months that is almost a year of waiting and that does not guaranty that the project will succeed in the market.
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