Bitcoin Forum

Some time ago I decided to participate in bounty programs. Started with airdrops, twitter and telegram campaigns and later took a look at signature campaigns in bitcointalk.
Created account, reached Jr.Member level and full of optimism applied for the first signature bounty without deep enough researches about the project. Even absence of info about team didn't stop me. How stupid I was.... The ICO turned out to be scam and no desirable tokens received of course :)

Do not be so stupid as me, read about project, take a look at the team, read whitepaper and check some ratings. It can save you from wasting you time for 4-8 weeks....

By the way.. how many scam ICOs have you participated?

I think this happens to everyone who participated in bounty campaign especially in their early days. As you gain more experience, you can better distinguish which ones are likely to be scam and which ones are likely to be legit. But even with good experience, some would still fall to "soft cap not reached, no payment to bounty participants"

I joined a lot of bounty campaigns and I don't even remember how many I have finished and how many are really paying and legitimate. All I can say is hustle hard mate, these times might be tough for you because you're quite new here but just hustle and you'll see your fruit of labor.

This is why I dont join a lot of bounty or airdrop or ICO unless I am very sure about the project.
You can easily get scammed here.

This is really common even if you have done your research. I have participated in bounties that never paid or the project was a scam and tokens are worthless now (e.g. Centra).

I have not been able to participate in a large number of campaigns yet. To reduce the likelihood of participating in the scam campaign, I choose projects from well-known managers or groups of managers. This compensates for inexperience in the choice of bounty.

I didn't participate in any scam ICO. That was my luck i suppose. The first time when i was scammed was on crypto world and i deposit bitcoins to a "cloud mining site" after 2 or 3 days i made the deposits site was no more available and never get back on, and not got my bitcoin back.

You always should choose ICO after many verification and check the team always. Is a hard work and sometimes you must be very open-eye to detect scams.

SCAM ICOs are everywhere. Everyday I am hearing news about scam icos. This is becoming a severe problem also it is degrading the reputation of cryptocurrency. This needs an immediate solution.  

I've participated 2 scam ICO's which is Uchit and Impressio, glad I've just joined their social media campaign because if I joined their signature campaign it would be a waste of time. I didn't made a deeper research that's why I got fooled on those ICO's.

Well that is totally your fault you fell for it. You saw that they did not give out any information about them publicly which is one the signs about them trying to scam people. But you still went on to join them knowing that they will scam, so you indirectly encouraged them to scam more people. Make sure next time you be careful and alert others if you think they are trying to scam.

Thats sad, I have faced two scam ICOs during 6 months of bounty hunting, one of them was GasFiles, I spend about 5 weeks for them and at the end they have just deleted all counts, they even haven't payed to the bounty manager.

you're absolutely right. more and more scam ico are in the crypto world. and many people are afraid to invest now. i won't invest in an ico anymore. i prefer to buy eth or btc. they are real and will still live in a year.

do not be disappointed, i beliecpve that once younlearn how to tell apart scam project, younwill neve failure again

i wish i counld panish all the scammers, it is such a bad stiuation ehen peolle are staeling your mo ey and your precious time

In the world of cryptocurrency, there is a lot of scam. It is difficult to determine whether it is fraud or not. Even top managers such as Amazix team or TokenSuit had scam projects in their management.

it is okay, i do not think that you will be scammed again, such things happen from time to time, so do not worry

the cryptocurrency world is very risky in different spheres, so it is okay to fail sometimes, you are not hte only one

I waste too much time and affect in scam bounty, too. Bị then I'll draw some experience to pick the bounty. Suggest you choose manager of bounty campaign, or try Amazic team's bounty, bountyguru.

it is inevitable in our work, and in the crypto in general. I already took part in 10 fraudulent projects, but I'm not very upset), because more honest

I was not lucky to invest in several projects, which in total reduced my initial capital by 3 times. But in parallel, I invested in projects such as ICON and Cindicator, which were able to significantly improve my finances in the future. Since then, I began to pay much more attention to the comprehensive study of the project.

During that time while I'm in this game, I met somewhere 15 projects that can be called cheating. In each of them there were different tricks used, somewhere I could get out and not lose money, somewhere I lost up to half of the profit. But even such experience of trade and participation is also useful, the main thing is not to enter big money in dubious projects.

i will give you a good trick to spot easly scam ico and don't lose your effort and money look att the bounty manager if it's sylon or amazix this ico is more probably to be safe

this happens all the time unfortunately. We should stop these scammers. ICO market is becoming seriously ridiculous
someone gotta shut down those stupid scammers

Lucky for me until now spared from the scam. that analysis is an important first step and specify. an unknown team certainly would make things quite suspicious for an ICO. There are indeed some who can succeed but to anticipate just sure the team is very important. In addition to other analysis should also to be aware of such as whitepaper.

I know it feels bad man, but it'd impossible to avoid this kibd of situations. However, in the long-run you will see that the good projects that you select will make up big time for those who turned out bad. Just don't give up.

It's my third month onto bounties, and I already have like 10-15 projects. :D It's too much, I conclude that I should do more research for the project I chose. But there was also a few good campaigns and I hope these project will pay off.

I have never participated in scam ICOs but damn, it is butthurt when you support project for two months and then it turns out scam :-\ Now I participate in bounty of the project that has ready business and they will not turn to scam. But thanks for advice man

Seriously at this stage if one is not careful enough to fall for scam ICO. Though this experience will give you more knowledge about ICO so ad to investigate better on any ICO to invest in.

So far, about 10% of projects turned out to be "scam". That includes not paying bounty hunters, successfully reaching softcap, but still cancelling the project or cancelling the project in the middle of the crowdsale for unclear reasons. I consider them all scam, if they don't refund their investors. If they in fact do refund, then I simply put them under "cancelled" label. If you only did some social tasks, then it doesn't hurt that much, but if you signed up for signature, made a blog post or even worse a translation... well, that could be very unpleasant. But it's wild west, we need to endure everything. Hang on there, pal!  ;)

I always read all information about project, read whitepaper,roadmap and try to find info about team. So I was scamed only one time.

I participated in not too many projects but already faced few scams it were "Block Broker" and "Hashcard". Anyway I knew that it happens from time to time and you shoud be ready for this. Bad experience is anyway kind of experience. Wish everybody only good projects and all the best.

   Creator of this thread knows how it`s like to be scammed. Learned by his experience he decided to share
some things we should watch while we choose bounty campaign to participate. Nice from him, but he should
check this section before he were scammed. In this section there are many threads about how to choose good
bounty, on what to pay attention. If he read all that he wouldn`t have problem.
   Until now I participated in several long-lasting bounty campaigns. I didn`t invest just myself here in there
bounty campaigns, I invested my money too, and I had only success. I said many times, if you can`t choose
good bounty for yourself just follow me.

Oh unfortunately I never follow ICO project without following the step of deep analysis because I know it will be very risky for yourself especially for wasted time, enough to relax without having to hurry, no matter what you feel right now, it it becomes a lesson for yourself to be more careful in choosing a classy project, yes it is due to lack of patience without having to follow a good move to ensure there is a true project, with the event you will surely realize by itself the good steps to anticipate the fraud .

Too many to count in all these years actually, now I barely pay them much attention no more.
Even if they aren't scams, too big of a chance they will fail.

Before you take part in a bounty program, you must always remember that in a way you are participating in the ICO token metrics. Though you are not investing your money in the ICO, however, you are investing your time to help them raise the funds they need for the project, and my friend, Time is also Money.
When you are participating in a bounty program, research around it if you are investing in an ICO, check the team behind it, investors and partners backing it up, check if there is a real world usage of the project and tokens. Evaluate the success case of the ICO and then join the bounty program.

Tell me in more detail what kind of company it was? Complete your post so that people on the example of your ICO understand which projects are not worth investing in and what projects should not be involved.

   I think every one can't avoid it. Some project that has bounty program sometimes good and you think that is worth working and promoting it but at the end you gain nothing from your hard work. Even though we are very careful on choosing bounty program to join,still we can experience scam and we are just wasting our time and effort.  But still there are good project and always give you reward from promoting that's why even there are scam project don't lose your hope and keep on trying to work in bounty. I believe you will be rewarded at the end.

Unfortunately, now there are a lot of scam bounty campaigns and sometimes it is very difficult to catch them at the beginning. I've been on the scam bounty  more than once. Still, unfortunately, I participated in several campaigns of one vaunted manager who calls himself the best, but for some reason this "best" manager had no paid campaign for half a year

4-8 weeks is not so scary. If you certainly did not translate for them, signature companies, but only for example social media, telegrams, facebook and twitter. It's a shame of course, but it happens. Do not make such mistakes anymore.

This is what we learn from beginning, this is part of crypto for every beginner. This is what we get experience from crypto. Not only you, every beginner in this world will pass from project like scams. I'm one of them and in experience i learned how to avoid these scam projects which you already mentioned in question.

Luckily for me since I join this forum and participate in the campaigns not that I don't have my own share in the fake bounty but I have been lucky to be compensated with other ones. I just make sure to read and check some certain qualities before going in for any of the campaigns.

You can only thank the sky you didn't invest there your last money). frankly speaking it is not a rear situation in the bounty industry, so make some conclusions and start again with another project

I haven't been scam by these ICOs and I have no plans of taking any of them in the future (or maybe there's a change).

It's almost effortless for you guys to tweet, share, post on social medias and it won't take that long as long as you know the drill.

I want to read all who commented here since im a new member, thanks for those who replies regarding scams, so that every body is aware.

I think that every member of crypto community should contribute to prevent scam in ICO and bounty campaigns. I also think that it need to found an organization or committee which will be an arbiter  on the market. It also need to have rules which everybody will respect.

Actually i made alot of mistakes in my previous bounty. But joining some good ico and paid me a good bounty rewards is very overwhelming. I hope along the way we could see a good ICO project.

I was scammed by OTHO . It was not an ICO, it was the best airdrop campaign I have ever participated, with several tasks. They had their website, WP, Roadmap  token etc.  They were planning to do airdrops every month , 54 of them. To be eligible we  had to be active on their internal platform, telegram group etc. - like in bounty campaign and to fulfil several tasks before airdrop and during the aridrop .
There was a questionnaire for what You had to be prepared and learn for it from one-pager as only first 500 participants go through. Every detail was well planned and very professional. After 2 months  they disappeared and I do not understand up to now what was their motivation behind to put so  much energy in it   if they wanted to scam . ( as they were  not collecting money ).
They had their token on the exchange but still it was early phase and no big volume so they could not dump the tokens and get rich.

The scam ICOs present a lot and if there is no ICO bounty selection experience, the higher likelihood you will encounter these fraud ICOs, do not pay Token after the campaign ends. I have been associated with many bounty campaigns, and most of them are just in case of slow pay bounty, but I have never encountered a scam ICO project ever.

I've followed an ico scam. and it's very disappointing after several months I worked hard to do it. it happened a long time ago, and with this experience, I can make it as a learning in the future to choose an ico, because before choosing an ico we have to really understand with the ico which will be followed, so we also can avoid from scam ico.

So far, I haven't participated in any of scam ICOs. Thank God! It's the most thing I am afraid of - to encounter scam ICO. Because just like what you have said, it kind of waste of time. I am picky which bounty I am going to join, but sometimes you cannot avoid it. Sometimes the project looks really great and legit but will end up fraud.

This is why the forum is most appreciated, it teaches us more knowledge
In short, the more you use the forum, the more knowledge you acquire and the more bounty offers you get.
So learn to be smart about bounties, and keep working hard; the pay day would and will definitely come.
sooner than you expected, and it could be the most underated token in your wallet.

The world of crypto is cruel and unpredictable. If you've just hit a scam once and have been disappointed, you better back off, because in the future you may come back to meet the ICO scam not once only once. I have faced several times with scam ICOs, and have faced several times with failed ICOs. In fact, once also follow the bounty of ICO is quite successful, but got kick from the telegram group which joined the telegram group is the general rule.

I usually take a careful look at the project and if there is anything , and i mean anything that throws me off, i dont go there.
For example, bad quality design, shady product, team from only one shady country.

BUT i managed to get in CENTRA and TBAR,lost a good chunk of tokens which i was holding .
They were a very professional scammers, since a lot people fell for them.

At least three, it is indeed a waste of time some bounty campaign even extend up to 4 months so better thoroughly check the project, one or two whole days of research than wasting your time and effort for a whole 3 months, but even if the project looks legit it could still stopped their ICO.

None. Simplest way to find out if project is good is to watch signature spreadsheet and figure out how much people with high ranks taking a part in it. If a lot, it mean that project is at least not a scam. Because people who work here long time, have much more experience in ICO quality investigation.

The next time you join bounty programs, make sure you did read everything about the project. Don't join just to earn without noticing if some part of the campaigns goes wrong.Sometimes we will not notice that the campaign but the best effective way is to read their whitepaper and join their telegram to be updated ofcourse.

I only join one campaign does not pay participants, but after that I did not experienced any of scam because I think I careful when I join to campaign . To make sure that campaign pay you look the campaign manager if they check the project carefully before accepting it and campaign manager who manage funds that who are trusted.

I have been participating in some scam projects also. I did not took as much time as I should to do my research about them, and let me mention that some of them can look sometimes legitimate. Then i started to be more carefully and win more experience to take my decisions.

i have joined a scam bounty and that bounty is really like real until someone find out it was scam. if you want to joined bounty look for campaign manager with higher rank also with good trust rating. campaign manager that are newbie have higher chance of being a scam.

It was unfortunate for others to experience being scammed by those  useless person. I have not experience it, yet but i will try my best to be more vigilant and to choose wisely what kind of bounties should i join, if ever.

I also made some bounty. There is also a lot of no money. It's a waste of time. It's very important to inspect the project before you can do the bounty. I now choose a good project to do. It won't be so blind.

I've followed a failed project twice. such incidents are frustrating about the failure of projects that have been followed. in bounty indeed all the projects are not all successful there are some projects that fail. therefore we must now be careful in determining the projects to follow in order to avoid this happening again.

That is why we should consider first everything that needed including the team who manage the campaign because nowadays there are some groups of campaign that still they introduce scam project at the end the trust of communities will easily drops. So try to notice the team manager, the advisors and the webpage of the project. Through that you will gain some idea whether legit or not. Better luck next time.

That's they should need to do, mostly in ICO project are scam. Need to look at the team behind the project, read the whitepaper, roadmap if it's realistic platforms and also the bounty manager if it's reliable and trusted person.

It's 5 out of 5 for me, so 50/50. I guess it's just part of the unregulated landscape of cryptoverse. No use crying over spilled milk, I always move on to the next bounty. It is what it is.

I have participated and scam airdrops and weak bounty programs as well. Most times bounty programs are not meant to scam people, but just that they don't become successful in their projects or they don't reach the targeted soft cap.

Please ask yourselves... is the coin I’m investing in secure, fast, scalable, great development team and community? If not... that coin isn’t going anywhere. It’s a pump and dump. Having a small supply raises the price but in reality it will never be a “merchant” coin. Invest in the coin that has the ability to be the coin for commerce. Do your research.. invest in the coin that meets that criteria. Don’t go after the advice of an investor who is sitting on a bag waiting for you to buy up the price before they dump.

Information is important and you must be optimistic about all the terms and conditions. It is most sad to be banned or not issued because of the conditions.