Bounty hunters risk on ERC20 tokens in ICO

[setialovers]

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 think the developers team have their own consideration why the lock token in certain time. But i think thats for good thing. I am not worry if the token locked in certain time as long the developers team always active and give new information about the project

[1715557407]

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[maxreish]

This could probably be the same of being scammed by the ICO team. After giving high hopes that bounty hunters can finally trade it, they will hold back and locked it. What a waste of efforts and time from the hunter. I just realized now that any kind of exploitation is possible. And I agreed that not all ERC20 tokens are worth the time and promotion IMO. Sometimes, the team also closes the mode of contact to them like telegram to prevent questions from the bounty hunters.

[Gabmot]

Really? I do not have any fore knowledge of this in the slightest premise. I hope i won't fall into a likelihood project,  cos that's too bad. Such projects should be flagged over under every circumstances available.

[drumamat]

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?

You correctly wrote that the blocking of accounts is due to the fact to the participants of the bounty did not begin to massively sell their tokens.Because of this situation, many investors refuse to invest.Bounty participants should understand this.

[pragna]

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?

Actually i don't think so at this time. As eth and BTC price is going up so that ERC20 tokens price going down. It is normal graph of market. On the otherhand every company/team mush think about their reputation so that when bounty tokens go wallets price may dump as hunters sell at a time. So team think coin will give turn by turn so that price will not dump. In this way team and hunters both will be benefited.

[inanilujimi]

I have experienced the same thing but with a different situation where the project team promised to register their altcoins a year later to be registered on several exchanges but as a result they now disappear and all of their social media are no longer active.
if the rules change after the ico sale ends, they are not confident about the project they are working on.

[I Like Bitcoin]

Honestly, I have not heard this yet, maybe such situations really happen. I need more information before I can make certain conclusions. But in any case, thanks for such information.

[therhslv]

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?

Thats why read the whitepaper before participating in bounty . There is plenty of bounties that does not state the lockup or freeze period on tokens . But if you take a look at whitepaper then usually Founders and bounty participants along with advisors got token lock .

[thesmallgod]

This is one of the trending risks of participating in bounty hunting this day. The most annoying thing is that most dev will not tell you this until the token sales are over and you start to hear different views most especially from some hungry investors, talking and looking down on bounty hunters. Like I used to tell many of them, not all bounty hunters are hungry and the fact that you lock bounty hunters token does not mean it will not get dumped. Many investors make contributions with huge discount, so they can also trade and dump their token.

[thesmallgod]

Honestly, I have not heard this yet, maybe such situations really happen. I need more information before I can make certain conclusions. But in any case, thanks for such information.

Probably you are still new to the technology. Token created that is ERC-20 compliance give the dev advantage of locking anyone token incase they want to do that and that is exactly what the op is explaining. I have seen and witnessed this in the past and currently, a security token called 'CYBER' had made it clear that hunters token will be locked for some months after delaying the token distribution for more than 6 months. I have also participated in ERC-20 token that is called ICONIC. they also locked the bounty hunters token for 1 year but they ran away after 6 months

[Vishnu.Reang]

I still don't know how 1% or 2% of the total tokens in circulation can have a big influence on the prices. The bounty hunters wait patiently for many weeks to receive their tokens. And if they can't sell their tokens even after waiting this much, then it is going to be very unfair. Fortunately I haven't participated in any bounty campaign for more than a year now. And I am glad about that. Nowadays bounty campaigns have become more and more exploitative.

[thehulkk]

I will not participate in the bonus campaign that they can lock my token. Bounty hunters give up their efforts to earn rewards and they deserve to decide how to spend.

[nutriagrigia]

I will not participate in the bonus campaign that they can lock my token. Bounty hunters give up their efforts to earn rewards and they deserve to decide how to spend.

I think that the solutions to freezing tokens from bounty are correct - because, as a rule, many bounty hunters sell their coins at a lower price and this decision making bad things for all participants of bounty and investors too

[mulia sabee]

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?

each project has its own sales strategy ... so that the price of the token that has been registered in the market does not fall in price ... the CEO will lock the token for a while and will reopen when the price has stabilized and reaches the target ... because the bounty hunter is very known as "dumpers" ... so a lot of tokens are being locked by the CEO so that there is no dump of prices ...

[Xalata]

Most ICO's have now resolved to locking bounty tokens for a specific period of time to prevent bounty hunters from dumping it. This is not fair to hunters because they spent so much time on promoting projects only to wait for another long time before they can enjoy their rewards.

[Raymondavid47]

This is something so many projects have done and some are planning to do it. CURES is locking Bounty hunters token for one year after token sale and COTI is locking Bounty hunters token for 6 months after holding token distribution for Bounty hunters for 1 year. This is a terrible thing in the crypto world and we need new ideas to fight this menace.

[tabas]

Aside from KYC so they have this kind of rule of locking the bounty rewards that they have distributed. In my opinion, they shouldn't do this, let the bounty hunters decide whether they want to sell or keep their coins. But I think the devs are protecting their investors instead of assuring the payment for their bounty hunters, they get nothing from their bounty hunters after participating to their bounty and they were already paid then so it's no longer an issue for the devs and they won't care about it.

[khiholangkang]

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?

locking the token bounty is usually planned from the start, and we as bounty participants should already know that and that is a natural thing in my opinion not need to be worried because many projects like that now

[joromz1226]

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?

Because they are thinking that bounty hunters is the main reason to dumb any coins in the market every time there is a new token project that has been done. Although, it's not the right thing to do to their participants, it is actually unjust and they've became dictator for the bounty hunters according to my analysis.

[coin-investor]

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?

locking the token bounty is usually planned from the start, and we as bounty participants should already know that and that is a natural thing in my opinion not need to be worried because many projects like that now

I don't think the two coins mentioned that locked bounty rewards coins are not planned at all, they locked it after the bounty was finished and already distributed if there were plans to lock it after the bounty, no bounty hunters will participate on that campaign, they are not being truthful.