How can one make effective use of the Excrow?

[poodle63]

Escrow is very safe now and I think yes it's better to have escrow on every bounty campaign with USDT because it is more safe.
The more bounty campaign who have no escrow the high possibility for the others to not getting paid.
Once a project are scam mostly participants of the campaign will suffer for sure so escrow is the answer of that.

Very safe is not really the right term when escrow is still being hold or secured by some stranger that we don't really know of. I'd say if there any instance that's ready to offer an escrow service while also providing the legality of their services under law then it can be called "Very safe". However, having some escrow that already trusted and have many histories is already good enough and suffice I guess.

[raidarksword]

Escrow system is an effective way of guaranteeing the payments of services rendered by the bounty hunters in promoting such projects and it should be mandated every bounty managers should apply that. Even on escrow, still team can decide and tell managers when to distribute the rewards and some team are very clever that find ways just to bend rules in order to delay the distribution. If both parties between managers and team is sincere to give rewards without conditions, then it will be an effective escrow system.

[Kvalentine]

Escrow guaranteed bounty payments but there are other things that makes escrow useless  like ..

1. The project team can still change smart contract if they want
2. The escrowed token can become pennies before hunters can sell on exchange.
3. Before bounty campaign ends the project can exit scam, making the token worthless and useless

[Greatchu]

Is escrow the answer to bounty problems? It's like calling all new projects scammer cos they can run away without paying, I'm not saying scam bounties don't exist but there are many good projects that will reject escrow offers from bounty managers that demands such, I'm satisfied with bounty results this year as many of them paid without using escrow

[Warkop]

I agree with your suggestion for Escrow, maybe this can be done if there is Escrow who is truly trusted to be the third person to save funds from the project that is being campaigned, so that the project owner who creates the campaign cannot be separated from the project they are working on or change what has been determined so far. But I see that currently all projects campaigning for their projects are no longer using Escrow, even though using the Escrow service is very important for the trust of all investors and bounty hunters, because by using Escrow there will be no more fraudulent projects.

[Farma]

if they do this, then the first thing they need to do is replace the existing coins in Escrow. however this was avoided, in the end the team had to pay the token they promised. if they do this without a reason and solution, then it is certain that the project will not last long. Well, several projects have implemented the same thing, even changed their tokens, and in the end nobody was interested in such a project.

[Winscosinally]

I will always choose to follow reputable bounty managers instead of looking for escrowed bounties, most escrowed bounty campaign I've seen are not up to standard of high quality projects so escrow isn't a must to me, if you can send some time to do research on projects that introduce bounty campaign since 2019 you will see that only 3% of them used escrow

[Balladtony77]

Excrow are defined as a third party that guarantees safe exchange of goods and services between other agreed parties under description.

Of late excrows are considered as the secured guarantee for safe payment of bounty rewards to bounty Manger and then bounty hunters.

But then a couple of this projects think they are so smart that even a night before an IEO, they do change the smart contracts of their tokens rendering whichever token in excrow worthless.

So i suggest that excrows should not only hold the tokens but also be given usdt value of the tokens as well, so that incase it turns out in the wrong direction the usdt can cater for it..

Your suggestions?

Not all new projects team will accept to use escrow for their own reasons and that won't stop them from paying bounty hunters too, if you are a bounty manager and you are forcing new projects to use escrow they will find other bounty managers and you will keep missing high quality projects

[bonjouros]

Your opinion is not that bad, it is safer compare to holding the shit tokens as escrow because it will remain shit tokens if there are changes that they are going to make in their smart contracts.

But as of this moment, I cannot see any further improvements to bounty rewards because escrowing the bounty rewards is not yet mandatory therefore it is still very difficult for us to ask this kind of requirement to the project owner where we require them to provide an escrow that has a USDT value.