Bounty hunters risk on ERC20 tokens in ICO

[Reid]

What?! Like a time deposit?
First time I heard of it. That is trash. (I cant find the word to describe it)

First of all, give the bounty hunters what they worked for.
They still made an effort to advertise the campaign or translate it.

Next, if they sell so what?!!
If you are really a successful company then 2 percent allocation for bounties wont really hurt that much.
It is absurd. Better get some good explanation from the company behind it or the team.

[Bessta]

I think bounty campaigns must be clear with their rules and not changed it during or after the campaign. And since bounty hunters worked hard for it, they must have the right to do anything with their coins. Dump it or not, it theirs and they should be able to do anything with it. It's bad that these project owners will lock it because the dump may affect their coin.

[Eraldo Coil]

I think they might be doing it on purpose. There is a good chance that something is going to ruin their product or their coin's value. However, the project's team should allow freedom on these bounty hunters because they worked hard for it and they should be able to do whatever they want with their coins.

[Kaneki11]

I don't know if everybody knows this, but there is now a risk in getting involved in ERC20 based ICO, and that is they are locking bounty hunters rewards after they've sent it to their bounty hunters,

So even if the coins are already sent to your wallet you really don't own it, because they can lock it anytime at their whims that's what happens to Dexage and Liker, they sent the tokens to their bounty hunters then lock it, so they will not dump, and will only unlock it maybe after they dump all their shares and run away.

what's your take on this bounty hunters?

This has been going on for quite some time.. I'm surprised most bounty hunters are noticing this now.. well I stopped promoting just any project I come across.. especially those still in their very early stage

[pedpedped101]

~

You have a good observation OP and I agree with you, because it is part of what have also experienced. Although, I noticed that it happens to 1 among every 10 projects. If it persists and it happens that every other project does the same, then bounty hunters might not take part in ERC20 bounties again. Which means new projects coming up will be the ones to suffer it.

[delarossa]

I think it will be same if the bounty hunter get the token locked and they cannot sell that, right? It will be happen the bounty hunter will be sold their token in the same time so it could not be influenced for the price if they are dumped.

[X-ray]

that's why you should take a look at the code that already created by the team. A little knowledge about how to find the backdoor is needed in this case. When you are seeing a code that to create a backdoor to control the token and then move.
that's the risk when you are participating in bounty.

[mickey_miner]

I don't know if everybody knows this, but there is now a risk in getting involved in ERC20 based ICO, and that is they are locking bounty hunters rewards after they've sent it to their bounty hunters,

So even if the coins are already sent to your wallet you really don't own it, because they can lock it anytime at their whims that's what happens to Dexage and Liker, they sent the tokens to their bounty hunters then lock it, so they will not dump, and will only unlock it maybe after they dump all their shares and run away.

what's your take on this bounty hunters?

Tokens are blocked for a certain period of time and I believe that this is correct, because bounty hunters will not be able to influence the price of the token at the initial stage of trading.

[fapar]

that's why you should take a look at the code that already created by the team. A little knowledge about how to find the backdoor is needed in this case. When you are seeing a code that to create a backdoor to control the token and then move.
that's the risk when you are participating in bounty.

Few people know where and how to look at the text of the smart contract, even fewer people can understand what is written in it. In addition, the banal human inattention. I myself often forgot to check the time of unlocking the token and tried to send the transaction; of course unsuccessfully and spent ETN on gas.

[mr_random]

I don't know if everybody knows this, but there is now a risk in getting involved in ERC20 based ICO, and that is they are locking bounty hunters rewards after they've sent it to their bounty hunters,

So even if the coins are already sent to your wallet you really don't own it, because they can lock it anytime at their whims that's what happens to Dexage and Liker, they sent the tokens to their bounty hunters then lock it, so they will not dump, and will only unlock it maybe after they dump all their shares and run away.

what's your take on this bounty hunters?

Tokens are blocked for a certain period of time and I believe that this is correct, because bounty hunters will not be able to influence the price of the token at the initial stage of trading.

Is it a logical solution by the team? I doubt bounty hunters will not dump the bounty rewards after the locked period. There is no good reason to hold the ERC20 tokens for a long time due to possible price fluctuations by the market. There are not other dilemmas that we should think about.

[aioc]

my only take is: how did you manage to get Hero Member here?
lol, I really like the idea of locking, because usually, it is fisically not possible to gain power and attention in ICO time, that is usually 4-5 month.
Instead of dumping the price, funds are locked.
If you were familiar in crypto, you should know that most of tokens that were sold to private investors are locked and unlocking by percentage term by term

You are such a big idiot you are the only one who likes the idea of locking the thread even ICOethics some legendary  member here do not like the idea of locking the token it's deceiving people because in the first place it's not in the rules they just unlocked it after the bounty, this deceiving bounty hunters

https://bitcointalk.org/index.php?topic=5147507.0 check this thread

[panjay]

they usually state that rule before, either in the whitepaper or in bounty thread. Well, it doesn't matter though, they have a magic word that can change the entire rule or whatever they please that involve bounty, the one rule that said " we can change any rule/rewards as we see fit" yeah something along that line.

[kak uli]

I don't know if everybody knows this, but there is now a risk in getting involved in ERC20 based ICO, and that is they are locking bounty hunters rewards after they've sent it to their bounty hunters,

So even if the coins are already sent to your wallet you really don't own it, because they can lock it anytime at their whims that's what happens to Dexage and Liker, they sent the tokens to their bounty hunters then lock it, so they will not dump, and will only unlock it maybe after they dump all their shares and run away.

what's your take on this bounty hunters?

in my opinion this kind of problem has happened very often and experienced by bounty hunters who have to accept disappointment with gift managers and also for ICO developers ... my personal experience is also often experienced by ICO teams and developers running away without thinking of investors and bounty hunters has helped make ICO successful in their own way ...
so for bounty hunters you have to be more precise and careful in having a gift campaign project that you want to follow ...

[MbakNarti]

It may seem unfair to bounty participants, but sometimes bounty hunters sell too early tokens resulting from participation in the bounty. So that the price of the token decreases when the token is listed on the stock. So locking tokens, of course there is a purpose and purpose. Unless it's locked forever, it's something that is very unfair.

[Pamadar]

I don't know if everybody knows this, but there is now a risk in getting involved in ERC20 based ICO, and that is they are locking bounty hunters rewards after they've sent it to their bounty hunters,

So even if the coins are already sent to your wallet you really don't own it, because they can lock it anytime at their whims that's what happens to Dexage and Liker, they sent the tokens to their bounty hunters then lock it, so they will not dump, and will only unlock it maybe after they dump all their shares and run away.

what's your take on this bounty hunters?

Tokens are blocked for a certain period of time and I believe that this is correct, because bounty hunters will not be able to influence the price of the token at the initial stage of trading.

Is it a logical solution by the team? I doubt bounty hunters will not dump the bounty rewards after the locked period. There is no good reason to hold the ERC20 tokens for a long time due to possible price fluctuations by the market.

Bounty hunters are aiming for much better value of their works, so there's no doubt when the token already been listed high chance that the hunters
will dumped it over, if the developers find this as a new way to avoid massive dumped they will do everything that they have in order to make some
control out around the market, no chance for hunters to complained as team have the power.

[Thanasis]

I don't know if everybody knows this, but there is now a risk in getting involved in ERC20 based ICO, and that is they are locking bounty hunters rewards after they've sent it to their bounty hunters,

So even if the coins are already sent to your wallet you really don't own it, because they can lock it anytime at their whims that's what happens to Dexage and Liker, they sent the tokens to their bounty hunters then lock it, so they will not dump, and will only unlock it maybe after they dump all their shares and run away.

what's your take on this bounty hunters?

If you are agree to get payments in the premined cryptocurrencies then you can't do anything about it because they have all control over the currencies they can. So there is no no way to get rid of it unless bounty hunters avoid token payments for their bounty program.
Start ignoring the bounties with token and make demand for the bounty hunters in the Bitcoin talk then only people will create new kind of rules for bounty hunters which favours bounty hunters.

[evenotto]

Topstarter raised an interesting concept. I think that such a lock can only be in rare cases during critical events, for example, any attack on blockchain \ token.
The lock for bounty hunters is at once biggest drawback to the project’s reputation.

[fosco333]

I don't know if everybody knows this, but there is now a risk in getting involved in ERC20 based ICO, and that is they are locking bounty hunters rewards after they've sent it to their bounty hunters,

So even if the coins are already sent to your wallet you really don't own it, because they can lock it anytime at their whims that's what happens to Dexage and Liker, they sent the tokens to their bounty hunters then lock it, so they will not dump, and will only unlock it maybe after they dump all their shares and run away.

what's your take on this bounty hunters?

They are locking the token because they want to prevent dumping price after distribution.
But actually the cause of dump not always from bounty hunters. So, i think this method is not effective.
To prevent dump, the team need to create more demands of their token.

[patz22]

That actually depends on the team. Well, some will do that but some will only do it just for the sake of their investors. But in bounty hunters standpoint they should announce it before starting the bounty or at least give 50% at first to help the volume and thanking its promoters.

[Ranly123]

I don't know if everybody knows this, but there is now a risk in getting involved in ERC20 based ICO, and that is they are locking bounty hunters rewards after they've sent it to their bounty hunters,

So even if the coins are already sent to your wallet you really don't own it, because they can lock it anytime at their whims that's what happens to Dexage and Liker, they sent the tokens to their bounty hunters then lock it, so they will not dump, and will only unlock it maybe after they dump all their shares and run away.

what's your take on this bounty hunters?

I don't know why they do this but maybe they want their investors to trade first before bounty hunters do. I also have tokens which is locked by the project admins and right now the price of their tokens are dropping in the market yet bounty hunters still cannot trade due to token locked.