Bounty hunters risk on ERC20 tokens in ICO

[rachman mahesa]

Actually, some dev and team are doing that just to control the price of the coin and most times is for the good of the project and for the community but knowing that some are doing that just to dump their own share and run away is a bad thing to the crypto community at large.

If the goal is for stable prices, of course that is a good goal. Because most after locking tokens, instead of a good price even the price is a severe dump. That proves not a bounty hunter which results in a price dump. But people have lots of tokens which result in dump prices. With the locking of tokens for bounty hunters this is actually not a good step.

[Farma]

I think it depends on the rules of the project in question. things that are done outside the rules they make themselves will reduce the trust of investors, and their supporters. well, but no doubt, some projects always lock the tokens they send on bounty hunter wallets for some time. well, that is also the risk of becoming a bounty hunter.

[sana54210]

Wow, That is crazy.... Until now I never participate in the bounty campaign with that rule.
I hope this type of project will dead. Because , It is unfair for bounty participants.

Watch and see that it will be a matter of time before the new projects join in spreading the disease too. See how KYC started, we only had few projects and exchanges that were imposing in it when it started, but right now, virtually every projects do request for KYC including sections too, to the extent of demanding KYC from bounty hunter.

There is no way other projects will not start locking hunter’s token too with their made belief that hunters are the ones dumping their coin, and the thing is that, most of the ones that locked hunter’s token still end up becoming a shitcoins after the main dumpers who happen to be the investors strike the market.

[Rasa nanas]

I think you're panicking for nothing. Now is a very good time to participate in bounty programs. Since the whole market raises the price. Today, it is profitable for projects to be listed on the stock exchange. Not to worry.

I have not seen this now, there are still many bounty hunters who have not obtained their rights. in my opinion this is not a good time, but the situation is far better than in early 2018.

[anatolij.shishkin]

And other projects simply assign payment within 2 years. And what will happen to this coin in 2 years? Such projects are fraudsters. Nothing more.

[nikola22]

usually projects warn about such possibility but locking the tokens will only do good things for the holders as they don't sell them immediately.

[royalfestus]

this cases of locked ERC20 tokens are fewer than raising eye browse. I also dont think not only bounty hunters are victims of the lock. It is disheartening to see team raise fund and decide to lock people's fund compulsorily because they want to make profit without the hunter. There is no reason that justifies that. Bounty hunters and managers need to work together than ever

[abuhazzan]

While I feel the pains of bounty hunters whose tokens are locked, I guess I respect the decisions of the team too. You see, they have got to protect the interests of their investors too. And most importantly safeguard the price of the token from falling below reasonable threshold.

Yes, bounty hunters may be pained but if the project is a solid one, then no need to fear, for later in the end, you are still going to cashout.

That's called delayed gratification

[Fedrey]

if Bounty Hunters receive their rewards, But these tokens are blocked, then there is nothing to worry about.  The main thing is that the project develops. These coins are in a good price category in the village. And then it will be possible to sell or trade them.  Why now unlock these coins, if they practically do not have a decent price.

[Emitdama]

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.

I term it has wickedness on the part of developers to bounty hunters, pure wickedness I mean, because there is really no correlation between hunters tokens and why their coin or projects fails. Let these developers do the math themselves and see the ratio of what their investors hold and what bounty hunters held, if they are truthful to themselves, they will see that it is really not significant to cause any form of dumping at all to them.

If there is any of their policy they need to work on, which is the major thing casing these dump, is the bonus policy to their investors, those bonuses are just too much, and really needs to be caught down.

[armanhusni]

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?

has happened a lot as you have said ... this is a problem that is often faced by bounty hunters .. so before we follow the bountie project, we must pay close attention and care so that we don't get events like coin liker and dexage ... harming our time and hard work while joining the project ... looking for projects through a trusted bountie manager in the bitcointalk forum ..

[travwill]

As a rule, coin blocking has its own reasons. Of course, it is not always nice if the project changes the rules on the go. However, if you are upset that you could not sell scam coins before their creators, then I feel sorry for you.

[kodtycoon]

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?

it is something that is unfair and must be resolved immediately, but if the token is still not listed in an exchange i think it can still be said to be reasonable and maybe they will open the key after the token can be traded in an exchange

[MUG1WARA]

I think you're panicking for nothing. Now is a very good time to participate in bounty programs. Since the whole market raises the price. Today, it is profitable for projects to be listed on the stock exchange. Not to worry.

profitable for those who don't experience a price decline of up to 150% because I see that there are a lot of bounties that have decreased in price when listing in the market

[ven7net]

I treat the party bounty well, since I myself am. But I want to upset you! These are not participants of the bounty that lower the price of tokens, but to a greater extent early investors and various funds to which the administration of projects offer their tokens at a big discount. In my practice, there have been many such cases. This can be seen even as the bounty members' tokens are blocked for use, and the price of the token dies to go down sharply. Why is this happening ?! Looking at it all, on the constant accusations of the participants of the bounty of all sins, I have the impression that this is done on purpose to hide my machinations and failures.

[mammoniter]

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?

Yes I agree. I don't like locking my tokens for a long time. On the other hand, I think its one way to protect the price of the token. Its one way of the developer to make sure that the token will get a fair value once it hit the market. For bounty hunters, its bad because the developer still owns their token and it might end up being dump.

[Khuongcute2503]

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?

Sadly, I fell into a similar state. This is no different than they don't pay tokens for bounty hunter.

[trade2winnn]

Now ISO as a rule in General we can say ceased as they ceased to collect money for fees and everything is gone,and all the tokens ERC20 but now, still many try to transfer their system on their wallets,on their baccani,etc., they will lame zasedenosti

[Samkol26]

I think in this case their should be prior notice if the token will be locked. But if it is locked without notice and the ICO is completed successfully then it is a scam.  I've seen things like this happen but the coin was unlocked and we are able to sell at good price. That coin is just a scam from the onset

[armarsterling7]

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?

How can they lock your token? When the token is transferred to your MEW wallet, everything is entirely up to you to decide. No one can lock your token unless you're still using their App.
And I also know a bad project. it's OATH. They tricked the bounty hunters into executing the withraw command and then changed the fee levels so that we lost a lot of tokens.
after that, they argue that there are fraudsters and continue to delay distribution for another 3 weeks.
Now its price has been divided by 8 compared to the time listed on MXC.
Such projects will never succeed, they have made too many mistakes and failed to keep their promises.