Bounty hunters risk on ERC20 tokens in ICO

[r_delossa]

I thought it was obvious that a lot of projects are doing so. They want to avoid dumping but want to distribute the tokens already. After several months of lock-up, the price makes minus x10 from the ICO price and devs are unlocking the tokens. It is reality.

[fortunecrypto]

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.

Do your own research ERC20 has this option, and yes there are some developers that indeed locked their bounty hunter's tokens,  they can unlock it for a indefinite period of time, this kind of actions should be considered scam as they never tell this to bounty hunters, when they are rolling out their campaign, only change rule after the distribution.

[JeBro]

What tricks the ICO project managers don’t resort to in order to protect the influence of bounty hunters on the cost of tokens! I suppose such actions testify, first of all, to the team's unprofessionalism and project immaturity, which are blaming their mistakes on the bounty hunters. If the ICO project is worthwhile, then no bounty hunters can bring down the price of its tokens.

[judeafante]

What tricks the ICO project managers don’t resort to in order to protect the influence of bounty hunters on the cost of tokens! I suppose such actions testify, first of all, to the team's unprofessionalism and project immaturity, which are blaming their mistakes on the bounty hunters. If the ICO project is worthwhile, then no bounty hunters can bring down the price of its tokens.

I agree these developers do not trust their project if the project is really that good no amount of dumping from investors and bounty hunters can harm it, and the price will eventually recover if they have a platform that is recognized and supported by investors.

[amonymous]

It's not good for bounty hunter and the team should not change the rules at any time. There are many projects I know that make a crime during distribution of the token and reduce it.
But it is a matter of concern that they do this crime to avoid the dumping of token price.

[bitgolden]

It's not good for bounty hunter and the team should not change the rules at any time. There are many projects I know that make a crime during distribution of the token and reduce it.
But it is a matter of concern that they do this crime to avoid the dumping of token price.

Some of these developers are just bunch of unserious people that lacks vision and focus, how can they all be thinking in one direction and everything they have tried against hunters still has not made their project to become successful. The success of their projects lies in their hand and the only way to be successful is when they come up with a product that can never be rejected by investors anytime they see it, whether now or in future.

Is it only on their projects that dumping do occur? Dumping occurs on Bitcoin from time to time and yet, the value keeps appreciating, if they all claim they have a better blockchain solution, then why is it biotin that is still performing more than all these new generation coins.

[robelneo]

It's not good for bounty hunter and the team should not change the rules at any time. There are many projects I know that make a crime during distribution of the token and reduce it.
But it is a matter of concern that they do this crime to avoid the dumping of token price.

Well, I hope that's not the case, so far Likerworld has released 30% based on what I've read on their telegram, I don't know about the other coins, but this is the two instances that caught bounty hunters by surprised, imagine after months of waiting they have to wait for 3 to 5 months more to wait again.

[Pamadar]

What tricks the ICO project managers don’t resort to in order to protect the influence of bounty hunters on the cost of tokens! I suppose such actions testify, first of all, to the team's unprofessionalism and project immaturity, which are blaming their mistakes on the bounty hunters. If the ICO project is worthwhile, then no bounty hunters can bring down the price of its tokens.

I agree these developers do not trust their project if the project is really that good no amount of dumping from investors and bounty hunters can harm it, and the price will eventually recover if they have a platform that is recognized and supported by investors.

The success of any projects lied with how the team will work it's not the bounty or the dumpers but the performance of the projects that matters the most, if they are not believing from their own work definitely this kind of things will happen no matter how good the hunters did their works and research about the project.

[torry28]

It's not good for bounty hunter and the team should not change the rules at any time. There are many projects I know that make a crime during distribution of the token and reduce it.
But it is a matter of concern that they do this crime to avoid the dumping of token price.

Well, I hope that's not the case, so far Likerworld has released 30% based on what I've read on their telegram, I don't know about the other coins, but this is the two instances that caught bounty hunters by surprised, imagine after months of waiting they have to wait for 3 to 5 months more to wait again.

How about Atlant? They even divided the bounty in a year, so all bounty hunter were received their bounty 1/12 in every month. But sadly, before all bounties have distributed, ATL price keep going down until in the end they stopped paying the bounty hunter aka turned scam.

[Zionatin]

I think as long as they tell you upfront the tokens will be locked. Though if they get locked and unlocked at the same time then you just back at the same problem again and hunters will dump.
This is why projects should stop accepting people who have no interest in anything and can't even read. They ruin ICO and they ruin things for us. I don't sell my tokens. I wait for the rest of the idiots to sell their tokens to me and then I wait over a year and poof profits.

Having bounty hunters dump is not actually that bad. It is very predictable and you know it will happen thus you can plan. You know eactly what will happen, you alrady know the market will take a hit. All this means is you need to enter into bear mode. Time your buy and buy at the bottom when almost everyone is done dumping. Hold as many tokens as you can and stay in contact with the dev team. YOu have so much power now that you grabbed half the capital of tokens for cheap. Wait for the project to do better and slowly sell them off.

I personally want to thank bounty hunters that dump. Because of you I have made up to 100x the return.

The most I made was with snov token. I made over $5000 hunters dumped for pennies and I waited.

[Genkotsu]

Medium types of projects can't funds rise and can't offer USD as reward. Must new cryptocurrency rules need that about tokensale and token block

Yeah we need some new rules here in ICO and cryptocurrency lauching project for protecting investor.
Scammers is so free now and they can make again and again more and more scam project.
I don't have a problem with project erc20 but please making some rules to make us feel safe.

[Indamuck]

A similar thing happens with stocks, founders and other early investors aren't allowed to dump right away and are subjected to a lock up period.  I don't see any issue with this as it gives other new investors more confidence that the price won't crash.

[BryanK]

Well, while most projects adhere to this wallet and developers will be able to deceive investors and bounty hunters. I think that with the development of the blockchain, we will be able to see a quality wallet.