Post
Topic
Board Altcoin Discussion
Re: How can one make effective use of the Excrow?
by
Novatech8
on 24/11/2020, 10:31:12 UTC
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?
If you are to choose between a very promising project that has no Escrow and another project that has escrow which one will you pick? It's better to start choosing projects based on their quality, forget about Escrow because it doesn't matter much, you can get Escrowed tokens and the still send them for pennies, let high quality projects be your first aim, how many Escrowed bounty projects paid hunters this year so far? Oh! Many are from bounty detective team and they are all crap projects