Latviand
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March 04, 2019, 06:49:47 PM |
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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?
In my own personal opinion, when a project has an escrow there is a huge chance that you will recieve your payment and you will mot get scammed by them. But sometimes there are projects that has an escrow that may lead scam because the manager will not distribute the payments.
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@baoli
Jr. Member
Offline
Activity: 1162
Merit: 1
Base.protocol
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March 04, 2019, 06:51:21 PM |
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Using escrow in any monetary transaction is always very dicey. Not that some escrow group hasn't been doing very well but it takes just one person to jeopardize the whole process. So always treat every transaction with caution because we never can tell.
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Base Protocol (https://baseprotocol.org): One Token to Hold Them ALL | [url=https://baseprotocol.
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renault18turbo
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March 04, 2019, 06:57:16 PM |
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I would use any human as escrow anymore. Blockchain is one of the best escrow solution currently. Smart contract is the shows good example of the power of blockchain in regarding of escrow.
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coin-investor
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March 04, 2019, 10:34:25 PM |
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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?
What project is that you did not include the link to your post so we can also check and verify if it is a good one or not, there are so many parameters and the escrow is just one of it, but I will not on escrow as a sign that it is a legit project, and what is they are escrowing their token or investors fund and for how long.
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BUK2016
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March 04, 2019, 11:04:51 PM |
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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 funds for campaign management is a way of protecting the interest of the participants from being scammed by the owners or the campaign manager but not necessarily the project is a legitimate one as you can still be scammed you invest your money because of the escrow service.
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sukoyomi
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March 04, 2019, 11:14:21 PM |
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As long as Escrow has a good reputation, I think it can be a guarantee. Quality projects will definitely use Escrow to make investors more trustworthy. but now it's quite difficult to find projects like this. most projects currently do not use escrow.
Agree with it, if the Escrow is famous as his reputation then investor would feel safe while investing on the project. Indeed, it can be guarantee and make more interest. Nothing is as good as a project that uses escrow services.
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pocketfullofpoke
Full Member
Offline
Activity: 476
Merit: 101
www.daxico.com
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March 04, 2019, 11:23:37 PM |
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Escrow can be a good indication that an ICO has a good and pure intentions or basically not a scam ICO. I've been into a project that's using an escrow for now and it went good so far considering that the campaign manager is very trustworthy too.
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cahbagus555
Member
Offline
Activity: 756
Merit: 12
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March 05, 2019, 12:12:22 AM |
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Escrow can be a good indication that an ICO has a good and pure intentions or basically not a scam ICO. I've been into a project that's using an escrow for now and it went good so far considering that the campaign manager is very trustworthy too.
Escrow adding our trust on the ICOs. Could be a guarantee, i think it could be yes and no. With escrow, there is good will from developers team and i think we could trust if escrow from reputable company or person
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Dreamchaser21
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March 05, 2019, 12:20:06 AM |
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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?
There still a chance for this project to be scam and maybe they are just trying to get the trust of the investors. if you're a bounty hunter then the payment for you is sure, and you don't have to worry about but if you plan to invest then having an escrow is still not a sign of this project will be good in the future, you must still review their whole project.
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Danslip
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March 05, 2019, 12:33:42 AM |
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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?
There still a chance for this project to be scam and maybe they are just trying to get the trust of the investors. if you're a bounty hunter then the payment for you is sure, and you don't have to worry about but if you plan to invest then having an escrow is still not a sign of this project will be good in the future, you must still review their whole project. This is the point why mass fails to stick. If there is no working product then it is useless to expect something good from projects in my opinion. Investor confidence is down for these type of reasons and escrow is not going to cover the gaps by project managers.
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mapanlah
Member
Offline
Activity: 228
Merit: 10
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March 05, 2019, 01:44:41 AM |
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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?
all projects are potentially fraudulent. if there is no secure guarantee, we as investors always check and we can find more detailed information by reporting to the authorities. If everything is safe then we can enter.
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maman567
Member
Offline
Activity: 648
Merit: 10
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March 05, 2019, 01:49:21 AM |
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Last two years almost of ICO investment project always use escrow for their ICO investment and many ICO was success with raised hard cap and have higher price after listing on exchange market, but now many ICO do not use escrow and many ICO was failed.
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hellyah070
Copper Member
Newbie
Offline
Activity: 196
Merit: 0
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March 05, 2019, 02:02:04 AM |
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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?
Basically, yes. Projects in order to figure out if SCAM or not needs to be escrowed by one of the best escrow here on bitcointalk just like bl4nkcode which is very well known as a very trusted escrow.
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suzanne5223
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March 06, 2019, 02:22:18 AM |
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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?
In my own personal opinion, when a project has an escrow there is a huge chance that you will recieve your payment and you will mot get scammed by them. But sometimes there are projects that has an escrow that may lead scam because the manager will not distribute the payments. There's indeed better chance that people involve in certain project wont get scam since a reputable escrow is involved but what you said about manager not distributing payment to participants for their if a project turn out to be scam is something I dont agree with cause the participant ought to receive their payment.
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blockman
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March 06, 2019, 02:24:59 AM |
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Last two years almost of ICO investment project always use escrow for their ICO investment and many ICO was success with raised hard cap and have higher price after listing on exchange market, but now many ICO do not use escrow and many ICO was failed.
In conclusion, an ICO that has escrow seems to be very active and working. But if they've decided to not have an escrow, it means to say that they don't consider it anymore and it's just going to be an expense to them. I've managed to see those glory days where most of the ICOs has their funds escrow here in the forum through reputable escrow services. Today, they are thinking that they can manage it on their own but an escrow can help and give sort of protection for the bounty hunters and investors too.
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Krassows
Jr. Member
Offline
Activity: 392
Merit: 1
https://saturn.black
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March 06, 2019, 02:52:39 AM |
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Can yes and no, but by using Escrow many ico are successful of course here the team also has an important contribution to the success of a project, of course there is a good connection between the two
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♛ SATURN♛ Liquidity providerfor crypto markets Cross-chain Exchange & OTC trading Platform
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shoreno
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March 06, 2019, 02:57:47 AM |
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no . because an escrow can sometimes become a scammer . i witnessed that before many times where a trusted member of the forum that has a reputation can still become a scammer because the money that he is holding is too big enough but that was an inapropriate act because it can bring a bad karma to you in the long run . there are also times that an escrow is honest and legit but he accidentlly lost the funds or he got hacked .
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Yutikas_11920
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March 06, 2019, 03:47:45 AM |
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Last two years almost of ICO investment project always use escrow for their ICO investment and many ICO was success with raised hard cap and have higher price after listing on exchange market, but now many ICO do not use escrow and many ICO was failed.
In conclusion, an ICO that has escrow seems to be very active and working. But if they've decided to not have an escrow, it means to say that they don't consider it anymore and it's just going to be an expense to them. I've managed to see those glory days where most of the ICOs has their funds escrow here in the forum through reputable escrow services. Today, they are thinking that they can manage it on their own but an escrow can help and give sort of protection for the bounty hunters and investors too. only a few ico projects are brave and able to provide escrow services for the allocation of bounty campaigns and several other campaigns, because some ICO platforms have different strategies for each platform.
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ifykiki
Copper Member
Jr. Member
Offline
Activity: 193
Merit: 1
$martFund
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March 06, 2019, 03:50:47 AM |
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They need to show their team as a means of transparency and for identification, if that is not available, run
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blockman
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March 06, 2019, 04:31:37 AM |
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Last two years almost of ICO investment project always use escrow for their ICO investment and many ICO was success with raised hard cap and have higher price after listing on exchange market, but now many ICO do not use escrow and many ICO was failed.
In conclusion, an ICO that has escrow seems to be very active and working. But if they've decided to not have an escrow, it means to say that they don't consider it anymore and it's just going to be an expense to them. I've managed to see those glory days where most of the ICOs has their funds escrow here in the forum through reputable escrow services. Today, they are thinking that they can manage it on their own but an escrow can help and give sort of protection for the bounty hunters and investors too. only a few ico projects are brave and able to provide escrow services for the allocation of bounty campaigns and several other campaigns, because some ICO platforms have different strategies for each platform. It's not about being brave of acquiring an escrow but it's about on how they are very sure with the project they are working with. Meaning, they have future visions so they have no problem if hiring an escrow is what the investors, participants and development teams. Oh well, today it isn't too important for them but I still see some project that are helding with escrow.
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