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Author Topic: Can an Escrow be a guarantee?  (Read 21342 times)
billy.ryoko
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February 28, 2019, 03:01:25 PM
 #101

No, the Escrow only can protect you receive the token or the coins after the ICO, but no one can guarantee this is the real project, you will receive the coins, but I think this is the shit coins without the project and the team, it maybe the scam, so stay away about this project.

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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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February 28, 2019, 03:31:21 PM
 #102

if it's a bounty run by the manager and the funds have been escrowed to the trusted party. I think that's a good start. but like other say in this thread. You must be careful because there are many modes used by scamers to deceive bounty hunters and even investors. if the payment has been transferred in the form of a token it is also not a guarantee. It could be that it's shitcoin. if the funds in Escrow in the form of BTC or ETH are very good. just give a link..
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February 28, 2019, 03:38:05 PM
 #103

Escrow? You're going to invest in an ICO project or you're just going to join their bounty campaign? Cause as I know they only use Escrow to hold their fund for bounty campaign that will make their bounty campaign more trustworthy. But if you're going to invest in an ICO project so you should stay away from it cause an ICO project without dev team is not trustworthy.


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dabenko
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February 28, 2019, 05:28:21 PM
 #104

Why should people invest in a project that is not revealing its team? What is the essence?
Using escrow is not the solution. Even if they do not run away at the beginning, it might  happen at a stage that you do not expect and by then, they would have taken their profits.
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February 28, 2019, 05:31:55 PM
 #105

maybe, but now it's hard to find projects that use escrow. if they want to use escrow, maybe ico can do better. but escrow is not a guarantee because escrow can also be a scam. if you want to use Escrow you must have a good reputation.
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February 28, 2019, 05:34:23 PM
 #106

This absolutely does not prove the fact that the project can not be itself. Because it's not enough. The most important thing to pay attention to the degree of readiness of the product and to work with the community. If these factors are positive. You can safely invest in such a project.

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February 28, 2019, 05:35:16 PM
 #107

I saw a project and on that project I did not see the team and DEV from the project. however they use Escrow with good positive trust, can it be a determinant that the project will not be scam?
not entirely true because escrow could be a scam, so don't trust it too much. but we must appreciate projects that use escrow because this indicates that they really want to maintain investor confidence.

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February 28, 2019, 05:47:20 PM
 #108

There are simply no guarantees and they simply cannot be. How can you still not understand this. Everything is very simple and very clear. In this market today there are no regulations that would guarantee us full success today. Therefore, we do not have big investors.

Exactly, when it comes to crypto you have to forget about guarantees and warranties, all you need is knowledge about the project and patience that it. Sometimes even the top coins go down without a reason, You need to be ready to face anything in this. If you think it as a risky one then yes it is.

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February 28, 2019, 05:50:28 PM
 #109

I think it can, this is actually one way to eliminate scam projects. This should encourage all new projects that want to start ICO using Escrow. by using that the funds are not directly held by the development team.

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February 28, 2019, 05:58:46 PM
 #110

I saw a project and on that project I did not see the team and DEV from the project. however they use Escrow with good positive trust, can it be a determinant that the project will not be scam?
Having an escrow does not always mean that the project won't scam. You will find tons of threads where people accused other teams for scamming even with a escrow present (at the past). Its more like they build trust first, they hire escrow and pay people to show that they are legitimate. Once people start trusting them, boom!, they end up scamming. As long as there is an escrow they won't be able to scam, but they always can scam later.

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February 28, 2019, 05:59:38 PM
 #111

There are trusted escrow service providers in our forum. Contacting them can get the best deal and these escrow service helps the buyer and seller the assurance on the trade and exchange of services. A very minimal amount will be charged for the service and there are free service providers as well.
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February 28, 2019, 06:01:32 PM
 #112

I saw a project and on that project I did not see the team and DEV from the project. however they use Escrow with good positive trust, can it be a determinant that the project will not be scam?

yes it can be one of the determining indicators that the project is good or not. by using escrow we can be a little safer because the funds are not held directly by the team but are held by someone else. but there are only projects that already use Escrow but not as expected. when the project was finished ico they seemed to work not according to the roadmap. so there are no developments that can be felt by investors.

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February 28, 2019, 06:07:22 PM
 #113

I saw a project and on that project I did not see the team and DEV from the project. however they use Escrow with good positive trust, can it be a determinant that the project will not be scam?
It is better to avoid all 3rd parties and replaced them by smart contract that will automatically process the transaction. And that´s why Ethereum attracted so many investors due to smart contracts.

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February 28, 2019, 06:31:38 PM
 #114

I saw a project and on that project I did not see the team and DEV from the project. however they use Escrow with good positive trust, can it be a determinant that the project will not be scam?
Not seeing the team behind the project may be a direct trap into being scam, because the escrow you said may be behind the whole scam because in this cryptocurrency world no one can be 100% trusted. I suggest you take a deep look into the project again and get more information before going ahead to invest in it.
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February 28, 2019, 06:34:25 PM
 #115

I do not think it is a good idea to invest in such projects. The first thing that I always check before taking part in any project is are the team members and developers and if I do not see any of them, I would pass.
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February 28, 2019, 06:41:05 PM
 #116

I saw a project and on that project I did not see the team and DEV from the project. however they use Escrow with good positive trust, can it be a determinant that the project will not be scam?
Not seeing the team behind the project may be a direct trap into being scam, because the escrow you said may be behind the whole scam because in this cryptocurrency world no one can be 100% trusted. I suggest you take a deep look into the project again and get more information before going ahead to invest in it.
Escrow is there to handle the funds between investors and developers, though you seen escrows behind but without proper identity who's behind the project is too risky to invest your money, with how the market is moving you better to have much deeper knowledge about the project and the team itself, you need to avoid being victimized by scammers who already master everything and that's includes the possibility of even escrow can be victimized.

We are inside industry where you need to be more extra careful and deal with available precautions to protect your money.
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February 28, 2019, 07:05:11 PM
 #117

I saw a project and on that project I did not see the team and DEV from the project. however they use Escrow with good positive trust, can it be a determinant that the project will not be scam?

Escrow is a trusted system or person which serves as middleman between two traders. To a large extent, escrows can be trusted because it passes the the confidence requirements of both parties

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February 28, 2019, 08:16:01 PM
 #118

As long as Escrow agent has a good reputation and the Escrow agent holds the money, I think the participants don't have to worry because they still get paid even if the project will scam in the next weeks. Using an Escrow is a must if the project wants to make the participants believe if their project is good and it could be a guarantee too for the participants. So if you're going to participate in one project, try to search for the Escrow so the payment will not have any problem.
But their work is to just hold the token and distribute tokens to the bounty participants so which doesn't ensure the quality anyone can hire an escrow and created useless token to distribute so people investing on those projects are really wasting their money.
that's wrong dude.we need really trusted people to hold and distributing token.not everyone can maintain trust from other people.moreover if they hold huge amount.if they could do this till end periode we could call them trusted escrow.
Still it doesn't meant to be that project is worth to invest just because of they hired a trusted person on bitcointalk,you also note that the trust system can be abused so don't just trust the people with green score on their profile just click the trust and get to the reference as well.

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February 28, 2019, 08:49:33 PM
 #119

I saw a project and on that project I did not see the team and DEV from the project. however they use Escrow with good positive trust, can it be a determinant that the project will not be scam?

I don't the good escrow presence should be the decisive factor to someone to invest in ICO Smiley
You should analyse this project in whole, from different sides. If you check everything and there will be many reasons for you to chose this ICO, well, ok, do this at your own risk.

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February 28, 2019, 09:51:57 PM
 #120

I saw a project and on that project I did not see the team and DEV from the project. however they use Escrow with good positive trust, can it be a determinant that the project will not be scam?
Statistics shows that about 91% if not 98% of such projects end up to be Scam in the nearest future. So the plan is always to stay away from such project as their are 100s of projects out there with legit team Info and Dev but still end up as scam. Please be guided because it won't be funny to start 2019 by investing in scam project.
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