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Author Topic: Escrow is a must to avoid disappointment  (Read 1036 times)
Gunday_07
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August 04, 2020, 09:22:13 AM
 #141

Escrow only makes rewards guaranteed, if a project failed to reach it's hardcap or least the softcap there will be problem for sure, the token will have a very bad value once trading starts on exchanges, to me escrow isn't a must but still not entirely bad either.

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August 04, 2020, 09:40:26 AM
 #142

Escrow is good but will be useless if the project did not reach the  soft cap or the developer did not push through on the developer or scam people, it's recommended to escrow the allocated rewards but do not celebrate and instead look on the project to see that they will reach the market because the token your holding is worthless unless there is a market for this.

Exactly, escrow will be nothing if the project developers will not achieved the target amount that they'll be needed to continue the project, escrow only secures that participants will received their rewards but not securing if there's value after getting it.
Hunters needs to do their jobs attracting investors and allow the developers to get what they'll need in order to have a win win scenario for both hunters and developers.
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August 04, 2020, 10:08:16 AM
 #143

Escrow is good but will be useless if the project did not reach the  soft cap or the developer did not push through on the developer or scam people, it's recommended to escrow the allocated rewards but do not celebrate and instead look on the project to see that they will reach the market because the token your holding is worthless unless there is a market for this.

Exactly, escrow will be nothing if the project developers will not achieved the target amount that they'll be needed to continue the project, escrow only secures that participants will received their rewards but not securing if there's value after getting it.
Hunters needs to do their jobs attracting investors and allow the developers to get what they'll need in order to have a win win scenario for both hunters and developers.
I do agree,

Even with the security of receiving your bounty, if that bounty token will be useless or become a shitcoin after the campaign, escrow will be useless as this will not determine that bounty hunters will receive the expected reward at the end of the campaign.


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August 04, 2020, 11:15:39 AM
 #144


I am not concerned about escrow, what makes me interested is the quality of that project. If they were to make an IEO at a major exchange in this market then I believe they would not need a deposit, and we would definitely get their money from them.

You should have a concern, this is a guaranty that you will get your payment and it is will be very good if the project turn out to be great if the campaign did not escrow and the developers did not send the money that will be a big lost for all the participants.

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August 04, 2020, 11:18:35 AM
 #145

The only bounty manager I trust right now is bubbalex, I've done research on few projects he managed since 2018 and so far it's impressive, not all his projects are a big success like Cartesi but they are fully working projects, another good example is Ferrum project

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August 04, 2020, 11:59:17 AM
 #146

Escrow simply means an arrangement that allow third party receives and disburses fund required to the primary transacting party. Though if the manager are trust worthy dont think there should be a need for the escrow, but to be on a safer side it should escrow, for the benefit of hunters. Escrow is a contract and manager can not go back on their word once its escrow.
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August 04, 2020, 12:18:47 PM
 #147

I agree with what you said above is true, if a project launches a campaign and relies on a manager to manage the project campaign, indeed it must use Escrow to guarantee everyone who joins to promote the project, if all projects that carry out the campaign use Escrow I am sure everything will be fine and all the prize hunters will not feel disappointed for the distribution of prizes because some of their funds are already in the hands of Escrow.

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August 04, 2020, 12:30:16 PM
 #148

I agree with what you said above is true, if a project launches a campaign and relies on a manager to manage the project campaign, indeed it must use Escrow to guarantee everyone who joins to promote the project, if all projects that carry out the campaign use Escrow I am sure everything will be fine and all the prize hunters will not feel disappointed for the distribution of prizes because some of their funds are already in the hands of Escrow.
Thats true, having an escrow is an assurance of getting your rewards when the campaign is finish. So even if it takes few months before it ends bounty hunters dont need to worry that they can get nothing on the time they spent for promoting the project. If only other manager and dev will agree to this then its good on the side of hunters.

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August 04, 2020, 12:44:05 PM
 #149

I agree with what you said above is true, if a project launches a campaign and relies on a manager to manage the project campaign, indeed it must use Escrow to guarantee everyone who joins to promote the project, if all projects that carry out the campaign use Escrow I am sure everything will be fine and all the prize hunters will not feel disappointed for the distribution of prizes because some of their funds are already in the hands of Escrow.
This thing has already implemented by some managers like bounty detective. The team was sending the payment to the team before the manager wanna try to launch the campaign and this gives more confidence for the hunters too. This is must be tried by whole of altcoin managers.

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August 04, 2020, 12:49:47 PM
 #150

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.

That's right if Bounty Managers are honest to do the payments on time from their side. There are some new bounty managers who escrow the bounty payments , but disappeared when it's time to do the payments. They also delete their all social media accounts and only use new bitcointalk account to do that. So, it truely depend on the bounty manager's honesty, IMO.

Bounty Detective is the only bounty manager using escrow, if many bounty managers start using escrow it will be better.

I really like the management of Bounty Detective and love to do their bounties . Bounty Detective always try to do the best for all Bounty
hunters.

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August 04, 2020, 01:19:47 PM
 #151

I agree with what you said above is true, if a project launches a campaign and relies on a manager to manage the project campaign, indeed it must use Escrow to guarantee everyone who joins to promote the project, if all projects that carry out the campaign use Escrow I am sure everything will be fine and all the prize hunters will not feel disappointed for the distribution of prizes because some of their funds are already in the hands of Escrow.
This thing has already implemented by some managers like bounty detective. The team was sending the payment to the team before the manager wanna try to launch the campaign and this gives more confidence for the hunters too. This is must be tried by whole of altcoin managers.
As far as I know, Kingcasino also used escrow, but eventually the project collapsed and became a scam. So the deposit only ensures that the bounty hunter receives the token, it cannot guarantee the project can succeed in this market.
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August 04, 2020, 01:26:37 PM
 #152

Indeed, escrow is a key role in any transaction thus, most parties prefer to have one.
Especially in this crypto world, escrow is vital to have a good transaction and good relationships between the traders, buyers and sellers.
And having an escrow in the middle of every transactions give assurance and security for both parties.

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August 04, 2020, 01:40:07 PM
 #153

Because of the Escrow, I have been doing all the bounties which are under the Bounty detectives management and that's why they always deliver their promises and payments. I think every bounty manager has to work with Escrow to provide security to bounty hunters regarding their tokens.
Even though they don't know exactly all the successful projects, the management is quite good. some projects have paid and some even exist in the market. it makes it clear the bounty hunter will get paid despite the small allocation.
although the payment is only a little, but if I already use escrow it is also enough I appreciate it,
because this will lead to a better bounty era, i hope so

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August 04, 2020, 03:30:43 PM
 #154

In my opinion, this is simply a case of bounty hunters setting up expectations. We all well know that not all projects can do escrow since they do not have good budgets to begin with. They allocate their budget and these will be use for their bounties. Bounty hunters just want to push an agenda - well a good agenda that is, but is oblivious to the reality of crypto projects and the 50/50 chance of success. If the project is not a success, then of course there is no way for a project to pay the bounty participants. So I think, we can dream all we want but this will not happen maybe in many years to come.

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August 04, 2020, 04:54:53 PM
 #155

You are right. If bounty managers use ESCROW, bounty hunters will be confident working on bounty campaigns. Otherwise, there is no guarantee to receive payments as mentioned in the initial stages of bounty. However, if the project fails or not able to raise enough funds, there is no help with this escrow. I think ESCROW in ETH or BTC will work 100% for bounty hunters Grin

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August 04, 2020, 05:12:57 PM
 #156

Many bounty projects ended well with out escrow and the team paid bounty hunters very well, escrow can't actually get rid of disappointments in bounties because some times escrow tokens can become useless too

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August 04, 2020, 05:23:27 PM
 #157

Bitwings is totally scam projects as I take experience from other hunters. These hunters can't fall victim to these projects if they know about the ethereum mining process, up to 2 ETH/months by phone. "julerz12" bounty manager also supports the escrow process and I hope he will be back soon. Nothing will be changed to bounty hunters, if they get failed project coins by force escrow process.
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August 05, 2020, 02:47:36 PM
 #158

Admittedly,in every deal nowadays, escrows have been a core element and so most parties tend to have one. Modern technology is full of cyber security issues and so escrow is important to have a smooth trade and develop good ties between the merchants, buyers and sellers. Additionally, it does give sanity and kind of confidence of being protected to the parties of a trade. Having an escrow is the way to avoid being scammed nowadays.

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August 05, 2020, 03:02:40 PM
 #159

Yes I agree wholeheartedly with the OP. The projects must establish a sense of trust for the bounty hunters by escrowing the bounty amount with a third party and this guranteeing payment.

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August 05, 2020, 03:04:42 PM
 #160

Yes I agree wholeheartedly with the OP. The projects must establish a sense of trust for the bounty hunters by escrowing the bounty amount with a third party and this guranteeing payment.
And after the project failed, they couldn't raise money from the community. In the end, you just get ridiculous tokens and never sell them. It is not a good solution, we need solutions that can help the project to be successful in this market.

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