Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Forum related => Forum Announcements => Topic started by: admin on August 16, 2018, 12:45:21 AM
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Many projects are scams, there is no doubt about that, and we are doing our best to detect these projects and flag them as soon as possible.
But many projects simply fail to raise the needed funds during their ICOs ...
As a result, they most often have to cancel their ICOs or token offering, and the bounty hunters & Airdrop hunters end up receiving nothing ...
This is sad,
it is sad that the projects failed, but, it is also sad that the bounty hunters worked for nothing, and will not get any tokens, or the tokens they receive would be useless because the project cancelled the token offering.
To try to address this issue, we decided to launch another token that would be in parallel to ours.
the new token, will be more global and more reflective of the crypto earning ecosystem.
the token will be used for voting on our forum in addition to other utility functions.
The new token can also be used for other promotional needs.
The token would be distributed to bounty hunters & Airdrop hunters if the ICO / token offering they are participating in is cancelled or failed.
However the cancelled ICO should meet the following conditions:
1- They should have a Bounty on our forum /posted before the cancellation of project, some exception could apply.
2- They should do the proper announcement about this token compensation swap & give our representative access to sheets and channels.
3- They should cover the token transfer cost, in some cases they should purchase the ALTT ATT and send them to the distribution contract.
Failed ICO projects that are really honest, should compensate the work done by bounty & airdrop hunters, and should find this offer a relieve, as they would be able to do the right thing and compensate the bounty hunters even if the project failed to raise the needed capital.
The token name is ALTT ATT, and we will also let it be available for projects with mintable coins
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Hi admin,
how to apply for token swap from Bitschool bounty?
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How is the application done. I have worn the signature of Bitschool for about six months and it ended up this way.
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for bitschool or any failed ico token swap , it should be decided by the project.
then they need to announce it and provide us with sheets and cover transfer or contract storing.
in the case of bitschool i contacted the CEO , cryptogirl did the same, but he is not responding, he even blocked me,
thus i think you guys should put some pressure on him to accept the deal
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In these cases, can ourselves pay for tokens transfer costs?
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In these cases, can ourselves pay for tokens transfer costs?
it is granted on the project level,
the project has to comply
> just get the bounty hunters to ask the project to comply, that's the least the ICO can offer to it's bounty hunters !
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