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Author Topic: BOUNTIES WITH REGIONAL RESTRICTION.  (Read 398 times)
TheBusstop (OP)
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August 27, 2019, 12:31:03 PM
 #1

I though that cryptocurrency is Meant for everyone. i thought that one of the reason is to create a decentralized system. for everybody on this planet in need to fight of the centralized economic system. 

1;WHY Do we have projects that places restriction for investors from certain regions.

2;Why do some project owners ban some regions from participating in the Marketing campaigns of their project but Rather allows such people to invest in their project.


Well the first question is understandable but still Not clear to me BUT THE Second, is apt.
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August 27, 2019, 08:44:47 PM
 #2

It may forced to do this by the countries the projects registered, and they should follow the law.
But if the project did not register anywhere ( and this may be risky project) you will not find this restrictions.

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August 27, 2019, 08:51:39 PM
 #3

We have to accept the fact that we are moving away from the decentralized and borderless concept of crypto and this is due to many projects want to be compliant with local governments rules and regulations and also some international monetary agancies, although this can be good for compliance and legal terms as it will help to afopt crypro by more and more people but at the same time it does effect negatively the basic concept of crypto.

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August 27, 2019, 09:01:04 PM
 #4

I though that cryptocurrency is Meant for everyone. i thought that one of the reason is to create a decentralized system. for everybody on this planet in need to fight of the centralized economic system. 

1;WHY Do we have projects that places restriction for investors from certain regions.

2;Why do some project owners ban some regions from participating in the Marketing campaigns of their project but Rather allows such people to invest in their project.


Well the first question is understandable but still Not clear to me BUT THE Second, is apt.

i believe regional restrictions are with respect to the region's policies and sanctions as not al parts of the world have come to terms with crypto yet. Lets consider a practical case of india, where the government doesn't make allow the crypto related transactions. it is of no use allowing or even considering a future use for them as it is always not in their sturctural pattern to allow the blockchain technology. But that doesn't mean that they can not change location and become eligible to carry out crypto related transaction. Hence, the need for the to invest also without considering their location.

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August 27, 2019, 09:58:55 PM
 #5

There are regional restrictions because of legal requirements, cryptocurrencies are banned in some countries, and project have to respect that, although users can also register for those bounties without disclosing their real country or region, but it will be at their own risks.

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August 27, 2019, 10:18:56 PM
 #6

1;WHY Do we have projects that places restriction for investors from certain regions.
It's because they have certain rules and regulations that they have to obey base on their geographical location. Not just because crypto is meant for everyone, they are also good in breaking the rules of law of their country.

2;Why do some project owners ban some regions from participating in the Marketing campaigns of their project but Rather allows such people to invest in their project.
I'm not aware of this, if for the marketing maybe they already have someone or a certain agency dedicated for the marketing on that specific region. Since they are allowing investors from that region to invest that's the closest possibility that I can think of.
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August 27, 2019, 11:19:33 PM
 #7

There are regional restrictions because of legal requirements, cryptocurrencies are banned in some countries, and project have to respect that, although users can also register for those bounties without disclosing their real country or region, but it will be at their own risks.
Yeah right and it cannot be underestimated, without restriction a project will look ugly by some groups. So we must understand, because it was not made by the will, but the different rules that created it.
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August 27, 2019, 11:27:06 PM
 #8

As you said, the first question is quite understandable in that government sometimes interrupt these projects and theyay face legal issues if they allow certain people to invest in their project.
With the second part, I think it is normal and beneficial t9 the devs alone and some may be due to restrictions on the country members from participating in crypto related activities. One can look at it also as that the same way advertisers would consider certain geographical regions as worth more than the other, se devs think it'll be more beneficial to them to use some specific countries rather than others to reach their target customers/investors.

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August 27, 2019, 11:58:51 PM
 #9

1. It caused by those investors are not getting permission from their countries to deal with ICO investment and that's why the ico project must try to ban them from the countries which are banning icos or ieos.
2. for the second reason the answer is still the same as the first answer and participate in the campaign just like you are participating in the ico too.

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August 28, 2019, 12:11:43 AM
 #10

Some projects and companies want to first start within their own regions before expanding to others. It still doesn't stop you from buying their tokens off the exchange. Rather wait till the ICO ends and dod that.
You might find you save yourself a pretty penny.

 
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August 29, 2019, 03:11:47 PM
 #11

Those projects that has been segregating, where are they now? Are they not the projects that has already scammed investors and packed up, sometime I o feel that they do that because they don’t want the particular country to go after them and the country they usually restrict are high tech companies that can easily trace them when they hear of them duping their member.

For projects that are real and still  practicing this, I feel they do so to evade tax, one of the issue binance still had with US government is that of tax until maybe they finally went into some sort of agreement with the government that made them to be creating a special trading platform strictly for the US citizens. Those are just what I personally feel but there might be more to it and only those projects knows.
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August 29, 2019, 04:08:26 PM
 #12

I though that cryptocurrency is Meant for everyone. i thought that one of the reason is to create a decentralized system. for everybody on this planet in need to fight of the centralized economic system. 

1;WHY Do we have projects that places restriction for investors from certain regions.

2;Why do some project owners ban some regions from participating in the Marketing campaigns of their project but Rather allows such people to invest in their project.


Well the first question is understandable but still Not clear to me BUT THE Second, is apt.

I'm sure this is not about some countries going against crypto and even if the restricted countries doesn't support crypto no one will know of your involvement,crypto is privacy and mostly decentralized so i don't see any reason why some projects are putting restrictions on some countries,most projects ive seen put restrictions on U.S when many investors are from united states,either ways its the developers idea and its their loss too

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August 29, 2019, 04:19:57 PM
 #13

restrictions on projects is a bad move to me,crypto are been created for mass adoption and usage too,restrictions on projects equals to lower adoption rate and some part of the world have higher crypto adoption rate for example asian part,korea,china or malta,if restrictions are been put of these countries dont bother to waste your time on such projects

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August 29, 2019, 04:23:49 PM
 #14

Why should people promote your token sale outside the region where potential buyers are? I mean, if a token sale is restricted for USA participants, why should managers hire promoters that would make marketing in USA? That makes no sense at all.

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August 29, 2019, 06:12:39 PM
 #15

I though that cryptocurrency is Meant for everyone. i thought that one of the reason is to create a decentralized system. for everybody on this planet in need to fight of the centralized economic system. 

1;WHY Do we have projects that places restriction for investors from certain regions.

2;Why do some project owners ban some regions from participating in the Marketing campaigns of their project but Rather allows such people to invest in their project.


Well the first question is understandable but still Not clear to me BUT THE Second, is apt.

Everything is very simple, since the money is managed by the International Monetary Fund, it dictates the rules, and you still buy cryptocurrency through bank cards, and if sanctions are imposed on certain regions, you cannot buy a coin there. Therefore, teams are insured and push that it is impossible to buy from certain countries since there are great chances not to get money.
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August 29, 2019, 06:22:09 PM
 #16

2;Why do some project owners ban some regions from participating in the Marketing campaigns of their project but Rather allows such people to invest in their project.
I'm not aware of this, if for the marketing maybe they already have someone or a certain agency dedicated for the marketing on that specific region. Since they are allowing investors from that region to invest that's the closest possibility that I can think of.
This is one possibility but I still want to know which campaign is this. Can OP drop the name here so we can also check out why the case? They are not paying that much for bounties and I find it unreasonable not add more promoters.
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August 29, 2019, 06:22:15 PM
 #17

Cryptocurrency is for every people in this world, though some country dont want their people to be involve in some PUBLIC change or even in cryptocurrency.
This is why some projects are not allowing some people in a certain region, for their security.
That is why KYC became popular in cryptocurrency specially in bounty and ICO.
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August 29, 2019, 06:30:14 PM
 #18


some countries were not allowed since their regulations are more strict like the USA, some of the projects aren't allowing US citizen to participate in investing projects. if you are a bounty campaign hunter that's from US then it will be a waste of time for your when they do KYC later on you will just be denied of to the tokens. this was happening even during the ICO times.









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August 29, 2019, 06:32:47 PM
 #19

1;WHY Do we have projects that places restriction for investors from certain regions.
They are following laws in conducting projects. They are following the SEC guidelines for this. They just can't conduct it because they want to. They have a protocol to follow.

2;Why do some project owners ban some regions from participating in the Marketing campaigns of their project but Rather allows such people to invest in their project.
I don't understand this. In my 2 years in cryptocurrency and in this forum, I haven't encountered this one.




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prehisto
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August 29, 2019, 06:34:22 PM
 #20


1;WHY Do we have projects that places restriction for investors from certain regions.

2;Why do some project owners ban some regions from participating in the Marketing campaigns of their project but Rather allows such people to invest in their project.



You are asking the wrong question, projects are not for us, it is not a charity. It is bussines.

And the answer to the both questions is the same - regulations, projects are obligated to exclude countries which has certain rules and laws and those who are sanctioned by large organisations. Besides- crypto-currencies are not equal to ICO tokens.

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