Is it ok to lock your bounty for 4 months

[tranthiky]

The team has the right to modify the rules in the bounty campaign . I think this is also really good to avoid bounty hunters selling their tokens silly. Maybe you will become rich after they are unlocked 

[Kang Bahar]

The team has the right to modify the rules in the bounty campaign . I think this is also really good to avoid bounty hunters selling their tokens silly. Maybe you will become rich after they are unlocked 

Yep. That's why some projects lock their token because the team had a logical reason by doing that; to avoid dumping prices in the market and to maintain the liquidity of the token.

[Nataliagur]

Yes, I think this is a normal practice, each project has its own strategy for unlocking. First of all, participants of tokensail should have the opportunity to dispose of the invested funds, and only then participants of private sales, presales, bounty hunters, advisors, etc.

[Skyshark]

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

4 months of waiting is just a short period of time OP. I had an experienced once where my rewarded tokens were locked for almost a year. Nothing left to do but wait. As a bounty hunter, there was really nothing we can do. I think locking their tokens once they were distributed will be the owners prerogative. Maybe the soft cap hasn't been achieved or there was still no available exchange for that particular token. However, in some cases bounty hunters do benefited when ICOs locked-up their tokens. Because at the end of lock period, the value of the tokens increases.
In your case OP, i do hope that your tokens will put a big smile in your face once unlocked.

[Betwrong]

Locking up bounty rewards is actually to prevent huge dump when listed on exchanges but i believe it was unfair of the team to have suddenly change the rules of the distribution. Even though they have the right do so i believe they could have better communicated this with the bounty participants other than slamming it down their throat like that.

This can be problem, but there are ways to prevent dump and bounty huters form selling all tokens all at once.

No, there can't be a problem. I had explained that already in my previous post:

https://bitcointalk.org/index.php?topic=5103256.msg49848985#msg49848985

And I'm going to stick with my opinion unless you show me a bounty campaign that allocates at least over 5% of the total supply of tokens to their bounty. There are no valid reasons for locking participants' bounties for months, in my opinion.

[calya]

Yes, I think this is a normal practice, each project has its own strategy for unlocking. First of all, participants of tokensail should have the opportunity to dispose of the invested funds, and only then participants of private sales, presales, bounty hunters, advisors, etc.

developers team has their strategy to prevent price dumping after listing in market.and locking token was be one of them, usually they lock token for bounty hunter and bonus for private sale contributors.

[Raymondavid47]

This has been a regular practice of Some projects. They leave out some informations when hosting Bounties. I know it's a strategy, but Four Months it's a long time. And some times the prices of the tokens/coins reduces before the distribution thereby leaving Bounty hunters with less dollars(After trading) than expected.

[rachman mahesa]

Locking tokens or not is actually the team's decision from the project. We can't do anything but the token locked. If it is done without prior notice, maybe the project team wants the price of the token to be stable first. But for the hunter bounty, this is very unfair. After we work for them, they lock the token for the specified time. Of course the big reason is to stabilize the price of the token.

[UnDerDoG81]

You are lucky to have received your token even though you have to wait a long time. The Bounty ApolloX I participated in from August and ended November has not yet had a sign that they will pay me.

[biskitop]

they could have run away. I had previously participated in a bounty for 8 months and their last announcement was that one of the teams ran away with the money and the participant would not be paid, but the thread was still not locked. but I think it's useless.

[CryptoAlphaStar]

If the ICO team want to give preference to investors over the community members, then it makes sense. This is because there are a lot of proffesional bounty hunters, that don't intend to use the token and dump it right away. This influences the price to the negative.

[uniquark]

I think it is a normal thing, I just think that the project is really still working. Because now many projects face a shortage of money to operate and then it dies. If so, all my bonuses will be lost as well, and I don't want that

[Cyptobonds1]

Since they announced it before taking the action, I do not think there is anything wrong with it they might just be trying to avoid being dump by bounty hunters, because most people believe that they are the cause of all fall in price even though they are just finding who to blame.

[TrevorS]

If the wait in the end will be justified, then I am ready to go for it and wait even longer than 4 months. Cryptocurrency is a long-term sphere, which means the more we invest in it now, the more you get.

[whaawh]

Token locked another sign of good project, low volume and bear market exchange rate could be dump by some user and hunter. I like this system to keep rate up.

In fact, what is happening today in the Eko market of the company, as well as in the cryptocurrency market, does not contribute much enthusiasm for further activities. But in any case, I believe in the prospects of cryptocurrency, as well as in the importance and value of certain projects for society, and therefore I will keep my assets Until better times.

[Flezy]

If it is announced or stated in the rules then so will it be. Nowadays that's the trend, the team does so in order to protect their project, but in most cases the price still dump while in rare cases the price remains encouraging.

[veekky]

Definitely not! If you are ready to lock your bounty for 4 months, then I am not ready to do that! I believe bounty shouldn't be locked in either way!

[winterrose]

They have the right to do so, but I personally do not like the lock. It remains to wait and hope that the project will pay your coins. Still there is such an excuse "Unfortunatelly, in crisis situation distriburion depends on investors' demand. We hope to catch a new wave of its growth and are doing everything necessary". I have several such campaigns, I have been waiting for a long time.

[FaucetKING]

I don't know honestly.. I've faced the same issue one month ago when i got involved into Eosex Bounty compaign...they did the same move and that is freaking bad about a good project acting in a shitty way just like that. Hope that waiting will be worth it..

[ovcijisir]

Locking up bounty rewards is actually to prevent huge dump when listed on exchanges but i believe it was unfair of the team to have suddenly change the rules of the distribution. Even though they have the right do so i believe they could have better communicated this with the bounty participants other than slamming it down their throat like that.

This can be problem, but there are ways to prevent dump and bounty huters form selling all tokens all at once.

No, there can't be a problem. I had explained that already in my previous post:

https://bitcointalk.org/index.php?topic=5103256.msg49848985#msg49848985

And I'm going to stick with my opinion unless you show me a bounty campaign that allocates at least over 5% of the total supply of tokens to their bounty. There are no valid reasons for locking participants' bounties for months, in my opinion.

Well for exchanges that have low liquidity the price can change drastically with just small amount of sold tokens. Also not all the tokens are released immedeately. Investor tokens are usually released first, then bounty hunters. The team member tokens are sometimes locked for some period of time (few months).