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Author Topic: Escrow is a must to avoid disappointment  (Read 1037 times)
joinfree
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July 26, 2020, 07:23:29 PM
 #81

This is a laudable idea but then again if only bounty hunters will agree and abide with this. You will still have some individuals who would go out there participating in bounty campaigns without having any single thought about the progress of the project as well as the team members behind the project. So I say you make your own decision regarding this. If you see that any BM is not escrowing funds then don't bother participating. it's pretty simple.

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pixie85
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July 26, 2020, 09:44:20 PM
 #82

I have seen a lot of bounty use escrow, but honestly the result is not so good. There are still many projects that have collapsed and become scams and bounty hunters only get useless tokens and cannot sell them.

Then demand to be paid in existing tokens that are already on the market.

If they can't afford full campaign payment in existing tokens demand half of it to be escrowed. Worst case scenario they'll go bankrupt and you'll get 50% of your payment but at least you will have some money.

I told you all that demanding escrow is a great way to verify the health of the developing team. If they can't afford to escrow 1000 USD to show their good intentions they must be broke and broke teams either go bankrupt or look for a way to scam.
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July 27, 2020, 06:41:02 AM
 #83

This is a laudable idea but then again if only bounty hunters will agree and abide with this. You will still have some individuals who would go out there participating in bounty campaigns without having any single thought about the progress of the project as well as the team members behind the project. So I say you make your own decision regarding this. If you see that any BM is not escrowing funds then don't bother participating. it's pretty simple.
some BMs apply this to the projects they bring to people. it is very likely that they are negotiating about tokens that need to be held by a third party in order to make trust even higher. bountyhive used to do this, only it started to fade. there are several BMs who do this such as bounty detective, murat, and others. I hope that there will be many projects that will use Escrow.
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July 27, 2020, 05:00:31 PM
 #84

It's becoming more harder for new projects team to keep their promises to bounty hunters, some even said bounty hunters are getting free tokens for free, meaning bounty hunters aren't recognized for their work, I suggest all bounty managers to start using ESCROW.

I believe with escrow payment will be guaranteed, team won't be able to go back on their words, bitwings for example, after a complete year of waiting for payment they decide to do another audit on spreadsheet and they falsely accused bounty hunters without any proof.

Bounty Detective is the only bounty manager using escrow, if many bounty managers start using escrow it will be better.
It is totally absurd saying that bounty hunters get their tokens for free. They are not free! They are rightfully earned by them for their hard work done in order to promote the project. Necessary publicity and marketing are achieved by the projects due to the work done by the bounty hunters. I agree with your point that every bounty manager should start using escrow.

But in that case, all the managers using escrow should be trustworthy. The whole funding of the bounty or signature campaign will be in the hands of one single entity so make sure to choose the right person for the job. Many scams happen these days and to be honest no one can really be trusted.
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July 27, 2020, 05:15:07 PM
 #85

This is a laudable idea but then again if only bounty hunters will agree and abide with this. You will still have some individuals who would go out there participating in bounty campaigns without having any single thought about the progress of the project as well as the team members behind the project. So I say you make your own decision regarding this. If you see that any BM is not escrowing funds then don't bother participating. it's pretty simple.
some BMs apply this to the projects they bring to people. it is very likely that they are negotiating about tokens that need to be held by a third party in order to make trust even higher. bountyhive used to do this, only it started to fade. there are several BMs who do this such as bounty detective, murat, and others. I hope that there will be many projects that will use Escrow.
I just hope many projects will succeed in this market and are listed in various exchanges. I have participated in a few bounty using Escrow, but it is not too satisfactory. I only received useless tokens and it was not listed at any exchange
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August 01, 2020, 02:45:57 PM
 #86

I once proposed this solution on a thread few weeks back. And now we have some BMs securing custody of the payment to assure hunters of their reward. For example Bounty Detective, Krypital Group and a few others. With that, promoters would be able to do good work in terms of quality promotions to ensure the success of the project.
Chukwunonso
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August 01, 2020, 03:20:21 PM
 #87

Bounty detective has set the ball rolling and I hope other bounty manager would do the same and imitate bounty detective in this move. There are several occasions where bounty hunters get nothing for their Labour and that's very unfortunate. The bounty managers could undertake to avoid any project who's not interested in using Escrow. When this becomes a constant practice, bounty hunters would never have to worry about not being paid.
Malam90
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August 01, 2020, 03:23:56 PM
 #88

Now escrow is a must for the safety of payment for bounty hunters. Many projects don't pay to the bounty hunters after  promotion ended. Recently Digitalbits (XDB) cheated with bounty hunters after they have waited bounty hunters more than 15 months. If bounty managers use escrow, bounty hunters will enjoy safety of payment. Bounty detective is now using escrow and ultimately bounty hunters are getting payment from their campaigns.
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August 01, 2020, 03:34:45 PM
 #89

This is a laudable idea but then again if only bounty hunters will agree and abide with this. You will still have some individuals who would go out there participating in bounty campaigns without having any single thought about the progress of the project as well as the team members behind the project. So I say you make your own decision regarding this. If you see that any BM is not escrowing funds then don't bother participating. it's pretty simple.
some BMs apply this to the projects they bring to people. it is very likely that they are negotiating about tokens that need to be held by a third party in order to make trust even higher. bountyhive used to do this, only it started to fade. there are several BMs who do this such as bounty detective, murat, and others. I hope that there will be many projects that will use Escrow.
I just hope many projects will succeed in this market and are listed in various exchanges. I have participated in a few bounty using Escrow, but it is not too satisfactory. I only received useless tokens and it was not listed at any exchange

Even when the project used escrow and then it will not give guarantee the hunters got the decent reward and the only thing that will give a guarantee if the project will be paying the hunters with the stable coin. It's better rather than use escrow. It's better to use escrow at the same time the project use native coin as payment too.

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August 01, 2020, 03:38:15 PM
 #90

There are already a number of topics discussing bounty managers who should use escrow to ensure payment of bounty hunters.
Indeed, many projects without escrow can work well, like Cartesi without escrow can successfully list on the big exchange.
But with escrow, it will get better, so why not use it if it turns out to be good.

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August 01, 2020, 07:18:28 PM
 #91

I've seen him doing that in most of his projects, and that guarantees that reward will be distributed after the bounty.
This is good especially if the project is quite successful, but if not, bounty hunters will still have a hard time selling the reward due to its low price or lack of liquidity. For me, I am okay with no escrow, besides, if the team will not pay, it will be their reputation that will be put at risk and the project will fail.

if the payment is in BTC, USDT, and major coins, then there would be no effect regardless of what they will do on the project.
It doesn’t really matter if the project is a success or not and if bounty hunters are able to sell it or not.
The point here is that the bounty hunters should receive their share of reward no matter the price of the coin, liquidity problems or anything. All these problems are the latter responsibilities of the bounty hunters.

Most of the projects are scams nowadays, so it doesn’t really matter to them if their reputation is ruined or not but not getting paid does matter to the bounty hunters as they have contributed their precious time and efforts in promoting the project.
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August 01, 2020, 07:26:24 PM
 #92

Nowadays, I don't want to join any bounty project without escrow or good bounty manager anymore. Maybe after going thru so many time got nothing return for my hard work in bounty, I come to even think any not using it have something shady.
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August 01, 2020, 08:04:31 PM
 #93

It will be the perfect scenario if bounty funds are getting escrowed to the bounty manager, and the bounty manager itself are high-rated manager in this forum. But as we can see, it's not many of bounty campaign that getting escrowed, it is only some of it, even some of them are distributed after so many months after the bounty finished.
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August 01, 2020, 09:39:24 PM
 #94

escrow doesn't necessarily mean the project developer wont break their promise if they choose too.. well still for now escrow is the safest bet for bounty hunters.. alot of shit going on in the bitcointalk bounty community as of recent
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August 01, 2020, 10:07:34 PM
 #95

Having an escrow will ensure payment and will give security to bounty hunty hunters, but this doesn't end here. Even escrowed or not the question is will the reward have its value, or will the project continue to grow and survive. Bounty hunters should stop relying on managers and have their own decision on determining which project to join. Having a project's bounty pool escrowed doesn't determine it's  success or legitimacy.
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August 01, 2020, 10:41:57 PM
 #96

Im just participated some escrow bounty campaign in the past year and this year also most of them are not totally distributed the bounty rewards and there are time also distributed but the problem is was not listed in any exchange site. And if that will take to long not listed they gone and the bounty rewards we get from them are totally useless and become a shitcoins in a future.

But I believe those escrow bounties that manage a trusted manager are worth to participate.
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August 01, 2020, 11:56:58 PM
 #97

escrow doesn't necessarily mean the project developer wont break their promise if they choose too.. well still for now escrow is the safest bet for bounty hunters.. alot of shit going on in the bitcointalk bounty community as of recent
As long as the dev can send the payment first to the trusted escrow and then that will never disappoint the hunters. the problem is when the team was keeping the reward rather than wanna try to send it to the escrow.

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August 02, 2020, 06:16:21 AM
 #98

Escrow is good but it still have few disadvantages too, the team might decide to abandon the project, or the project might be useless, getting your tokens didn't mean that you will be able to sell at high price, I prefer to join a bounty through a bounty manager that is well known in crypto space who makes sure team pays bounty hunters

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August 02, 2020, 06:27:54 AM
 #99

I haven't join any bounty project with escrow payment, I just choose projects very careful and they pay me, oikos was good enough, they kept their promises and now DIA from bubbalex, one of the best BM on this forum, escrow is not that a necessity

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August 02, 2020, 06:34:23 AM
 #100

Bounties that have escrow have payment guarantees by bounty managers, but bounties now rarely use escrow services because they have the intention to reduce allocations or won't even distribute tokens.
Therefore it is better to join Bounty which is managed by Bounty Detective, I think the service they provide is same as  escrow service where they keep distributing tokens to all Bounty participants. Don't waste your time joining an unclear Bounty.
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