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Author Topic: Isn't it time for us to defend our interests in the courts?  (Read 19 times)
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May 01, 2021, 06:00:29 AM

We have more than once come across the arbitrariness of the development team of various projects, which after the bounty campaigns at their own discretion change the order and any conditions of payments to bounty hunters of the stipulated remuneration and already treat this as something inevitable. However, how defenseless are we?

Many of us took part in the bounty companies of the UnitedCrowd project, which is registered in Germany. From the outset, they announced that the reward pool is 12.5 million of their UCT tokens, which is € 250,000, meaning that their token is supposedly valued at $ 0.02. Moreover, the payment will be made to the participants' ether wallets without any KYC checks and other restrictions.
Now, after the end of the bounty on March 31st, they broke their promises. They offer to register on their website and go through KYC there with the provision of their identification documents and selfies with them, the payment of tokens will be made to the personal accounts of the participants on the site and they will be frozen for three months. However, most importantly, due to the fact that their token has grown in price to $ 0.3, they decided not to pay out the number of tokens that is already indicated in the table and want to reduce them by about 20 times.

This is outright deception on the part of the development team. In this regard, some bounty hunters propose to go to the German courts with a lawsuit against UnitedCrowd in connection with the team's unilateral violation of the essential terms of the contract with the participants of the bounty campaigns. Yes, there may not yet be any judicial precedents for this category of cases, but the case looks quite promising due to the obviousness of such violations.

Do you think it's time for bounty hunters to unite and defend their rights in court?

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