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Hello, we recently just launched https://teambounty.com and within this few Weeks, we can confidently tell you that Bounty Managers are the major reason for the scam ICOs out there and even the failed campaigns.


I will prove.


Just within this period, we have rejected lots of campaigns because most of the campaigns are really not worth it. They offer high incentives for Managers and at the end of the day, innocent hunters suffer the loss.


Normally a Manager will collect funds in BTC or ETH and also charge a little fee in Token, so if a Manager is paid off completely and offered a high incentive for the campaign, then that's all, the Manager won't border checking anything relating to this project anymore.

Recently, we focused on just Post ICO campaigns since TeamBounty can be used for both ICO, Post ICO and Non ICO campaigns, so we started scouting for projects that will pay Bounty hunters in BTC or ETH, this honestly hasn't been easy because you have lots of projects who want to pay in their worthless token and most of them don't even have plans listing this token anytime soon.



Like recently, we had a chat from a project that has claimed they raised over $9M during ICO, i really pity those who believe all these trash. We were trying to make a deal of a POST ICO campaign, everything was not right about this project. See the things noticed

1) Token will not be listed until 2020 for an ICO that took place 2018  (2) You claimed to have raised $9M during ICO, till now there is no working product and its over 6 Months now, nothing to even show  (3) You want to raise another money via Post ICO campaign without promoting any product, you want to sell more useless tokens (4) You want us to give you a guarantee of how much the campaign must generate else payment in Escrow won't be released, and the amount generated must be greater than the value paid in BTC and the worthless token.


Managers are really being pushed, and some of these Managers agree to some unbelievable terms and they hurt the community. An ICO project does not have the right to push the date of a Campaign if the Manager has not agreed to a minimum amount to be raised during ICO! This quickly we had to correct at TeamBounty, once the campaign has started, you cannot modify the terms. So if you want to start a campaign and end it in the next 9 Months, fine, if you have hunters who agree to your terms perfect, then saying 2 Months and after you want to change it won't be tolerated,



 
Please scam ICOs please stay away from https://teambounty.com also if you have no project implementation plan do not come near us please cos you would be EXPOSED. We rather prefer to have just 3 - 5 Excellent ICO Campaigns in a whole year than having 100s of trash and worthless Projects on our Platform.

Well said and that's true indeed ,many failed and scammed bounties are bounty managers fault many bounty managers care less if the project is genuine or not so they just approve the contract and shit happens after some while ,i only follow good bounty managers that takes there job very serious and strict ,I don't have to mention names but instead of been worries about a project if its real or scam you can depend on a trusty bounty managers

this is the reality, all that the OP said is indeed happening on several projects and several Bounty Managers at this time, often we are encouraged to be rewarded with great prizes, but at the end of the campaign we got nothing. there is not even certainty that we can. The Bounty Manager sometimes throws errors at DEV, and tells us to ask for a solution to the immediate problem with DEV, while in the main telegram group, we are prohibited from going on about the bounty.
finally no one cares about our fate.

I hope what the OP will do is a good start for the future of the bounty manager who is more responsible to the bounty hunter participants.

Accurately analysed you said it all most of the bounty managers on the forum are only interested in they own pocket and since in most Cases they collecte they payment in bitcoin and on weekly basis the careless about the hunter, in fact some time the manager don't even know any thing about the project other then just allocating stakes to participants. When it come to bounty management I respect only one manager and that is yahoo.

There would be better Managers in the coming weeks.

You still have to prove that you are different from all these bounty managers, I have seen bounty managers giving bounty hunters a bad day because they are changing the rules so many times and some of them are cheating their workers, it's up to bounty hunters to check if you are not different from these bounty managers you've described.

I hope you're successful. When a lot of bounty platforms reach the number of members, they change their attitudes and methods. Some platforms accept blog posts for ridiculous reasons. I hope you don't do that ...

It is true that bounty managers are one reason why bounty programs are overcrowded with spams because there are no solid rules
And most bounty managers invites as many hunters as possible knowing fully well that chances of paying hunters are slim

Then try to choice a good Bounty Manager, but sometime Bounty Manager also make some mistake well if the mistake only 1-3 its ok maybe due he not really focused or something if the BM to much take it a scam ico thats not a good BM.

that's indeed and you can see how most of them are not even watching their participants. i have seen some managers don't care about the participants. this must be changed and i hope these managers will try to see that.
 

If you will be able by your example to show how to properly carry out the bounty company, I with pleasure will support you.

You said most of the bounties are mismanaged because of the bad managers but aside from the first paragraph all I see is the founders and owners of the ICO's are the actual reasons of why bounties fail and why there are multiple horrible bounties. When the manager doesn't get paid than he can't pay the people he is managing neither. That is why I think the title is a wee bit misleading or we could at least fix it by saying managers are usually a pain in the ass but the owners of the product is the main reason why bounties fail.

I would rather work POST-ICO than pre-ICO as well but all in all post-ICO bounties are usually quite strict and demanding, many people actually even prefer companies over bounties, work for a company that is well established by doing something they are looking for and let the ICO crew deal with whatever they want.

Yep, bounty managers also play a vital role why bounties are mismanaged. I would say most bounty managers are merely push overs and I don't think they mind that they're being pushed around since they're still getting paid regardless of rules changes.

True

Sometimes a good bounty manager has turned as the worst bounty manager caused by various reasons. I have seen sylon is not doing something right to send the plaza spreadsheet to the team and a lot of bounty participants are complaining about that and it should be a real case.

I think a good bounty manager will always be obedient to regulations, such as the Arteezy manager's bounty, which in my opinion is very good in managing Bounty, he always works quickly every day.

We can't deny the facts that there are managers with low standard of verification as long as they get paid in fiat, eth or btc they will launch that campaign no matter what is the background. Our task is to dig more and research about them and avoid suspicious bounties. There are great managers like yahoo his campaign are most likely all legits.

yeah, i've also experienced bad things because of rules that are always changed. i don't always see the announcements they give, it's my fault. but the bounty manager should be more assertive about the rules they make and not necessarily change their rules many times.

i hope the OP will be different from some of the manager's bounties that i know.

I disagree. Get scaammed for me is and individual problem. Every person should agree that everyone should trust no one either in crypto space or real life. Therefore, join or not to join a bounty campaign and/or any investment is full personal decision. And here, you share nothing new and just promoting your own project.

Unfortunately you have stated the truth about what is going on with campaigns this day's, some bounty managers are only interested in what they will get and not the rest of the participants in their bounty, most times participants do the work of bm by digging deep about that project to see if there are really genuine or not,
If bm refuses to do a proper research on a project before accepting to work with them, it is very likely the participants will be at the receiving end. I hope some bm will take advantage of this right up and actually do their job and represent hunters better.

Exactly this. Dont lean back and point at the bounty manager if you get scamed, it is your own fault. If you are scamed, bounty managers are often too because they dont get paid, too.

Respected managers are doing their best to also managed a good campaign and its not good to blame them if you got scammed. Well, there are some good managers before that are already wearing red tags because of a scam projects so for sure you can see that as a guide not to participate on that campaign.

I don't know how this community will have to be sanctioning managers running fake and failed projects or changing the terms of bounty condition at the middle of the campaign. I have followed up on some projects that the bounty managers will just write and say: I have concluded my stalks calculations and result has been forwarded to the project team for token distribution ad at the end he just write "Signing out". What! who born the devil? signing out to enjoy your pay and leaving hunters to battle it with the project developers. This is shit. Some managers even put a disclaimer that they are not part of the project but that they are just a bounty manager This means they careless if the project succeed or not. All these madness must stop and mangers should be held responsible for lack of due diligence.

I checked your dashboard but there's not enough campaign there I can only see two current bounty campaign one id yours and the other one has nothing to do with ICO or crowdfunding, looks more like a freelance job and a referral job, hope you can add more campaign, but you do have a good dashboard.

When we are scammed, we just lose 5-10$. But, bounty managers, except the money, get negative trust as if it was his/her own fault. They work hard too many times than us.

Respected bounty managers do their job right and they are honest to bounty hunters. Teams always force the bounty manager to make a new excuses in order to delay the payment.

The work of gift managers must be appreciated because they have also worked hard for bounty hunters. When a project fails many people blame the gift manager. While gift managers only do their jobs, and prize managers are also tricked by the ICO Team. I think we all need to be more careful in determining the ICO project.

Bounty managers are not reason for the scam but they are promoting scam project. That means project scam from beginning but bounty managers don't know about it. But its true most of bounty manager are not enough hunter friendly. They just think about themselves and about their payment. I believe even they are not bothering to read whitepaper and they aren't searching the team is real of fake. So obviously we can say bounty manager is responsible to promote scam project instead of called them reason.

You are right, and then what assurance do we have that he is not also trying to twist the brain of forum users to believe in his project which might equally be a very good strategy to scam people because the main blame for failed project should really be on the project team which fails to manage their project well or investors who end up dumping the coin and not bounty manager who has no idea of changes that might occur in the future of the project, as at the point the bounty manager shows interest in the project, it might have looked promising to him without having any idea of what future holds for it.

I am glad you guys came up with the idea to sanitize the ICO projects of bad ones but we can’t completely put the blame on bounty managers, they are just doing their work and what they are being paid for, the only thing I would implore them to always do is to make sure every project they accept to manage must be a verified ones, since they have accept to manage such project, they should be able to stand as guarantee for the project to investors by scrutinizing the project before promoting it.

We bounty hunters too do same as them, we promote them despite the fact that we know that some of them are in for the money and they don’t have any good product to show for their projects.

The OP raised valid and veritable facts in their first post but I doubt if many here will believe it seeing that the rank is Junior. I have observed this a long time ago and that is why I stick to only reputable managers with high Trust score whenever I engage in any bounty campaign (this is where we have this problem). I think everyone should do this to dry up the baits of these unscrupulous and coniving managers who are only interested in what share of existing coins for payment they get out of the negotiations and not about unsuspecting bounty hunters.

Well, I applaud your clever advertisement.
Essentially, you are advertising your platform and trying to make yourselves look legitimate.

But, you do point out some really good things that a lot of people aren't aware about.
One of the major problems with crypto investors is they don't bother to network.
It's a lot of people individually doing "research" and investing on their own.
This is crazy.
Networking is at the core to any successful financial venture.

If you networked you would get in touch with bounty managers and ICO devs.
You would be able to get real information as to how these things are run.
This will help you steer clear from what is obviously greedy, scammy business practices.

and yeah, I guess a platform like yours could help ; )

very good thinking and I will see you in the future and if it is proven successful bounty then I will be faithful to be your follower, now back to proof not just bullshit

The problem with them is that they promote some of these scam project without having any bad intention, the industry is just one that many people come in to grasp one or two things that will quickly give them money and take advantage of making use of the opportunity right in front of them without considering if it will hurt people or not.

But, one thing I know is that we still have lots of bounty managers that will strictly verify a project before accepting to promote it, so what I usually do too is to stick with a particular manager that I am sure promotes very reliable ICOs irrespective of the mouthwatering offers from other ones.

You are almost 100% right on this topic! Bounty managers are doesn't care about the hunters, I have seen many big rank bounty manager who never cared about the hunter's work and brought lots of shit, scam ICO! For a good example, I can mention the tokensuite team, though they have already vanished from this forum!
So, If a bounty manager be like an honest man then scam ICO bounty never will come in this forum!

Bounty managers play an important role but in many cases nothing depends on them. Very often, the BMs are not paid either and they are helpless if the project team want to scam the hunters and their investors.

I do agree that bounty managers are significant in ensuring the payment for their bounty hunters. If a particular manager is also doing his job, investigating the background of the project and researching about it, and not only about the money that he will be receiving, then less fraudulent activities will happen. I know a particular BM that if in case something goes wrong with his campaign, he will extend his services by paying those hunters from his own pocket. But of course, that's very rare. I just hope that BMs are more careful in accepting projects.

I quite agree with this post. Most time the bounty campaign managers have a very poor communication with the real team. They hardly even know them, and as such the terms of the campaigns are never adhered to.

Very well said! I agree with you, Managers should take proper research and study before accepting any project to promote. However, I cannot blame other managers too, as they accept the project for their own financial needs.

There are thousands of participants of Bounty not on BT.

Are we talking about the platform here or the project itself, does the platform you are referring them too guarantees that they will not be scammed too, BT is not the issue here, this is a personal issue by some BM and not even all, we have lots of BM that are strictly known for very quality projects and even with that, those projects still end up getting dump and crashing.

The platform for which the ICO is being carried out is not the issue, if people claim that BM does not do research before promoting the project, why are those ones that promoted the project still getting scammed. BM are not Gods to know the heart of the developers, they only base their support on research too which many of us does.

This post has highlighted some deep opinions I share.. Some bounty managers have failed lately e.g the bounty manager of the vanta bounty.. The fact that most of such bounty managers no longer fight the cause of bounty hunters but rather stand alongside this developers is a shame. I hope your platform bring a more reliable and refreshing approach to hosting bounties.

I only intend to see the performance of your team and will see if the bounty that you handle is a bounty that is truly real and will provide a lot of income to the bounty hunter who joins

That's a valid point. If you visit their website, you'll immediately notice this "Get Paid In BTC, ETH, TBY Or The Project Token" so I guess it's not a bad thing to try and see it for yourself. Expect to get paid but don't expect to get a lot of income, that still depends on the open market.

Wrong assumption.  You think bounty managers are owner of the project.  All the decision come from the person who will pay not the one who will get paid.  I have seen several good bounty manager that have at least got issue with the bounty reward.  Remember bounty managers are hired just like us, anyway, the title is misleading to the content to the point that OP point the scam are made by the bounty manager themselves.  I would agree about the mis-management of the bounty including calculation,  on time updates and the choice of participants, but payments?  I think they do not have any power on that.  And take note, bounty managers are the Main reason why bounties are Mis-managed since they are the one managing it.

Very interesting fact. Based on your experience, i think we should choose bounty with only trustful manager.
if TeamBounty have a strict standard like that, the communities will join TeamBounty to participate on the campaigns.

Yes! the major goal is for people to be paid no matter how little, they must be paid!

I won't reveal anymore. Are you a Bounty Manager? How come you claim to know so much about things you aren't sure of. Even a dump Manager knows a project that will fail or not. As a Manager, we know everything!

WHen the project team hired a shit bounty manager then the things you were mentioned will happen but there are many reputed bounty maagers are availbale they will do enough research before undertaking the bounty management for new crypto project.

Looks like you are serious on rejecting scammy looking campaigns. That's a good trait of a good bounty team. Of all the campaigns I've joined, only a few are really looking after the bounty participants. I wonder how you handle farm accounts? Do you have a specific person in charge for that particular task?

This is what I expected from good bounty managers unfortunately many bounty managers don't care about the project or the bounty hunters ,they only care about what they will get ,we have too many crap projects in crypto space now and I as a bounty hunter I prefer to join only 3 solid projects in a year than rushing bounties here and there

You have made a very valid point. I say this because I have seen this happen countless number of times with the most recent, the Populous project bounty. The allocation fixed for the bounty was trimmed down by over 25% all by the bounty manager. Even after several complains, no reason has been given and the worst part is, the bounty hunters have no option or say in this.

I see there are peoples who agree and disagree with your opinions in this thread.
From my opinion, manager should ensure that bounty reward will be paid to hunters.
And to achieve this, i think escrowing the token is required.
If managers cannot escrowing token, then they must announce in the very first thread that they won't be responsible for the payment reward, join the campaign at your own risk.

all will depend on the manager, how he manages the bounty team well and compactly. because if not, then one team will leave and that will affect the performance of the bounty team. many things like they have happened in the middle of an ongoing bounty.

Therefore, it often happens that the bounty is no longer managed or can be said to be very long to update because there is a problem in the team manager itself. The manager team should have been responsible from the beginning to the end to complete their work.

That is why we have to consider first the bounty manager before joining any projects. If that person manages his/her subordinates well with of course strict rules and manage the whole project responsibly, then the trust of each participant will go to that bounty manager which also lead to the success of the project itself.

Your bounty platform is very interesting especially your rules and guidelines, it has what other bounty platforms failed to implement and about the bounty manager issues, this is the reason why ICO prefer to let their own people manage their bounty because they charged too much, looking forward to work on your platform.

This is how Bounty managers have been using Bounty hunters, on a serious note this is very bad and I don't think that there's an immediate solution to this because there's no way we can eliminate all the greedy bounty managers. I think hunters need to study the pattern of campaigns of a bounty manager and decide if he truly care for himself only.

Only few to none managers takes full responsibility  of saving participants from scam bounties or fake projects, I believe bounty managers should be the ones to fish out fake projects to save participants  times, I like bountyhive and bubbalex only, very transparent and hardworking managers

Well, I would say this is just passing the blame. Bounties are mismanaged but when you have to see that managers first of all must take on projects that will pay and protect their participants, it doesn't stop there. They then must continually check the project to keep things in order, AND deal with the constant scams and fake shit that participants try. Believe me more than half in altcoin bounties are fraudulent. It's not easily done I can tell you.

This is a very comprehensive post that exposes most bounty managers. It is no doubt that they are very greedy and care only about themselves. They are contributing to the rot in the crypto industry by promoting scam and shitcoins

I think blaming bounty managers is not the way out
Most times; since Escrow’s are not involved; it is difficult to get payments if the team refuses to send

Bounty does not have a legal bounty; just a mutual agreement
Which means it can be nullified

Yes, i also think the manager have some faults if the coins from bounties not get distributed and they miss the time, for example for some bounties the manager still not distributed the coins and will take some more months to share them to users who join bounties.

Sorry to ask you mate? How would they do that? Who are bounty managers? Are they not also bounty hunters? What other skills can they put into knowing bad projects that are different from what you and I are using, if it is so easy to detect a bad or scammed project, why have we not both, and every other hunters out there spotted them out?

It is not all projects that bounty hunter accept, for they too have accepted to push on, they must have deceived them the same way they deceived you and I. We can’t just pass all the blames on them, even if managers pushes a project to us, did they did hand into the investors’ pocket to force the money out? Or did they force any bounty hunter into hunting?

Even though it looks like managers are to blame for bounty misconducts, we should also recognize that it is very hard for a manager to ascertain the authenticity of a project, managers may try as much as possible to do due diligent of the project they handle but they don't have super natural power to foresee the future to know how the team will behave or if the team have interior motive that can hurt bounty participants,

it hurts to get screwed over by the project you have worked for but sadly there is nothing much the manager could do about it, bounty managers also get deceived by projects as well, this is what it is.

Then bounty participants need to begin to demand that an escrow holds the tokens that are going to be paid to them or even better stop accepting to participate in campaigns that do not pay with an established altcoin, that way the developers of those coins will need to be completely sure that the project that they are releasing to the public is any good or they will face the serious danger of losing money but as long as they can pay with tokens with no value at all this is going to continue.

This is a really nice idea and a very good way to get rid of many of this scam projects, so many project managers get paid in bitcoin or Ethereum and so they don't really care if the Project works out or not or if the project pays bounty hunters or not, and they would keep saying they were paid in the same shit coin we where paid which i dont believe.... I really hope this project works out , because it would help change things a-bit and more of this project would happen

Really well said!