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Author Topic: BOUNTIES WITH REGIONAL RESTRICTION.  (Read 398 times)
Lanatsa
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August 29, 2019, 06:38:09 PM
 #21


1;WHY Do we have projects that places restriction for investors from certain regions.
Just like gambling and other industries where there are places or countries in the world that prohibits such investment with its citizens and for project doesn't like
the hassle on being sued up or face up possible problems with the government then they would definitely do such restriction on the early or first place.
I know that crypto investment should be no limits but that's how other government do impose their strict rules and laws.

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 know how this thing being implemented out on prohibiting other countries when it comes to marketing campaigns in short bounty ones.
Detecting places of each participant? This is a very hassle thing to do unless if they do let bounty hunters or participants registered on their own site then they can
filter it out.One thing on my mind why some do make such rule because bounties are really prone to abuse and this is some sort of racism,they do think that some nationalities do the abuse.

R


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August 29, 2019, 06:47:15 PM
 #22

A lot of governments in the world don't like cryptocurrencies, because they can't manage it, and projects must adhere to that. Projects do not want to confront the government and it is best to prohibit people from that area from participating in the project.
I still hope one day cryptocurrencies are welcome around the world.


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August 29, 2019, 11:37:18 PM
Last edit: August 30, 2019, 01:40:46 AM by mr_random
 #23

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.
The restrictions are usually applied to the investors from USA, Australia, China. Centralized economic conditions don't give the special advantage for using its features but the decentralised world mean freedom for companies and customers. Restricted areas have the same restraints for other pars of money involved activities.

A lot of governments in the world don't like cryptocurrencies, because they can't manage it, and projects must adhere to that. Projects do not want to confront the government and it is best to prohibit people from that area from participating in the project.
I still hope one day cryptocurrencies are welcome around the world.
Crypto payments are limited to the some companies, it can spread all over the world. The yield of the centralized systems weakens the belief, the economy should see new forms of working tools. Goverrnmetns don't want to see free decision-makers, the crypto is big threat that has the potential to affect their working mechanism.
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August 30, 2019, 02:02:43 AM
 #24

1. Some countries have declared if crypto didn't meet all of the regulations that already applied in those countries. These countries were also prohibiting its investors to participate in any investment that can't fullfill the requirements to be called as an investment based on its regulation. Rather than putting the investors in the risk and icos have been deciding to ban those countries.

2. The marketing participants will be paid by the shares of the company ( i can't call that as nonsecurity coin considers about it has no utility usage). this is having the same definition just like an investor who is exchanging its effort to get paid by the shares from the company. This thing was also prohibited by some countries.

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August 30, 2019, 03:16:02 AM
 #25

I think cryptocurrency projects restrict people of some specific countries from buying their tokens just because of the law of the specific countries. Crypto projects are bound to abide the law of the country where they are registered. Some of them do not provide bounty rewards to the countries where cryptocurrency is considered illegal. 

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August 30, 2019, 06:33:02 AM
 #26

If the question is about bounties, there are no bounty rules in this forum that limit participants from specific regions and if your area is listed as a prohibited area then avoid bounties that require KYC.

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August 30, 2019, 08:22:17 AM
Last edit: August 30, 2019, 08:46:04 AM by Flor1982
 #27

The decentralization was abused by the bad people in which they used crypto currency in scam, money laundering and etc. that is why the government decided to regulate the crypto currency with near to centralization to counter these growing negative used of crypto in which some of these government banned crypto therefore we need to abide the law from regulation or face the consequence.
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August 30, 2019, 08:31:30 AM
 #28

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.
The true cryptocurrencies do not restrict any country, but recently created coins that offers coins in a token sale (ICO) must comply with regulations. The restricted countries in most cases are USA and China.


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Doranile432
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August 30, 2019, 09:04:47 AM
 #29

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.

Developers who put restrictions on some countries for their projects don't know what they are doing,they are ultimately shutting down better adoption rate for their projects,just imagine if projects like bitcoin or ethereum put restrictions on some countries what would have happened ? Crypto shouldn't be build to be used by some part of the world only,it doesn't make any sense
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August 30, 2019, 09:17:32 AM
 #30

Do not promote bounty projects with regional restrictions because one way or the other they will end up facing adoption problem,many investors will be left out of the ICO or IEO sales and the awareness will be so low too,the projects that took this path in the past are no where to be found,they are not dead but only very few knows they exist

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August 30, 2019, 09:31:57 AM
 #31

I believe the reason why there are regional restrictions on bounties are not far from the fact that the individual regions has some set down rules which the project does not want to go against. One of the most famous caveat on tokensale is the restriction of countries like China, USA etc.
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August 30, 2019, 09:55:07 AM
 #32

Bounty restrictions could be necessary Inorder to focus on a particular region. Some projects are concerned about a particular market and want only bounty hunters from that region to promote the services. This could be the reason for the restriction of bounties.
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August 30, 2019, 10:03:15 AM
 #33

Bounty restrictions could be necessary Inorder to focus on a particular region. Some projects are concerned about a particular market and want only bounty hunters from that region to promote the services. This could be the reason for the restriction of bounties.

That will do on social media and some promotion like telegram to keep the language in region.
Though as bounties which has signature campaign and article. I believe that the restriction is coming from Country government decision.
There are some country which KYC is strictly illegal, there are some which dont welcome crypto. this is one of the main reason why they dont welcome some hunters coming from that region to participate as they will not get any payment at the end.
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August 30, 2019, 11:15:20 AM
 #34

Cryptocurrency is not for everyone. Some countries have banned it. So bounty projects are restricted from selling their tokens to the citizens of particular countries due to the law of the country in which such projects are registered. Such projects have to follow the Law, rules and regulations of the particular country.

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August 30, 2019, 11:22:04 AM
 #35

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.
Op has replied to some of his bounties but didn't replied to this thread so I guess he missed this thread already and forget about going back to the discussion.

If there are projects like that, they probably have their own reason but they have to explain and justify it why.
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August 30, 2019, 11:29:20 AM
 #36

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.
Op has replied to some of his bounties but didn't replied to this thread so I guess he missed this thread already and forget about going back to the discussion.

If there are projects like that, they probably have their own reason but they have to explain and justify it why.
For example VODI X project put restriction on United States and the project is an asian project still i don't see any reason why they did this,its an decentralized Ecommerce Ecosystem based project for jobs creating and so on,the restriction is useless to me

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August 30, 2019, 11:45:01 AM
 #37

Decentralization is no more for all coins and dont be deceived by that. Some countries place restriction by law and their system which prevent some citizens from participating in some crowdfunds, maybe you should find out about yours. If we have cases where investment is allowed and marketing is disallowed you can approach BM and team members of such project, it is rarely seen and such should be criticized.
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August 30, 2019, 11:56:05 AM
 #38

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.
the purpose of the bounty is to find investors who are investing or interested, but that is impossible if cryptocurrency in their country is not legal ( banned) . I think it's pointless to promotebounty project  your friends while in your country cryptocurrency is illegal.

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August 30, 2019, 04:02:43 PM
 #39

It gets me confused at times, while some crypto project are not meant for USA citizen even though crypto is legal in the country. Is it all about the tax they are been charge of

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August 31, 2019, 09:57:45 AM
 #40

Op has replied to some of his bounties but didn't replied to this thread so I guess he missed this thread already and forget about going back to the discussion.

If there are projects like that, they probably have their own reason but they have to explain and justify it why.
For example VODI X project put restriction on United States and the project is an asian project still i don't see any reason why they did this,its an decentralized Ecommerce Ecosystem based project for jobs creating and so on,the restriction is useless to me
Did you get any chance of asking the developers on why they did that?
It's also a questionable thought for me but it's better to get a clear insight on why they have been doing that. Maybe they just prefer a usual pool of investors and marketers that's on different category.
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