Bitcoin Forum

What it would be like when your long wait for a project listing on exchanges will be ended up by an apparent apology by a project for its failure to continue citing various reasons. On the part of the project team, they try to be honest by promising to return their investment to investors. But what about bounty hunters? And what about time, efforts by investors and bounty hunters? I think it will be a sort of a scam by cancelling a project at the eleventh hour under various pretexts.
Your views guys?

What scam is there?
You didn't invest a single dollar.
You choose how to use your free time, and if you use your time to promote something that has a high chance of failing, then that is your foolish decision.

what have you lost really?
Are you sad you didn't get tons of coins and money for no money commitment on your part?

90% of startups fail.  These kinds of data are all over the place.
But still people flock to startups, icos, and ieos when it is clearly an unwise investment.

Also, if a company can't operate, than you are better just not getting anything at all.
Unless you want to fill your wallet with useless tokens that just take up space.

More projects will collapse
There’s not point; be smart with your involvement with startups
Or you get to complain every now and then

there is no scam there if the team decided to cancel project and actually return funds to investors. But about bounty hunters, it will be quite unfortunate because they will get nothing. Apparently the team logically has no fund to pay the hunters

Well if that happen is just a problem of team and they didn't get enough funds to get listed maybe, but if you didn't invest any money you not lose nothing, only the chance to get some free money.

It's the term and conditions the bounty hunters have checked while joining the campaign. If the project fails to reach the soft cap, no payment.
If the participants are not satisfied with the term than they should not join. But when you have, you should follow the rules so does the project managers.

It's a scam. But that's better when this project that closed all of the operations fund all of the money that they have been raised. Some projects that closed their operations are even running away with the money. That's such a scam or project created by 5 old years kid.

if this happens they need to refunds all the investor but if in the end they don't return their investment
the investor will likely to file a claim against the team project

until now i don't see any project that like this and i hope the future there will be no project like this, because it will wasting times for investor, bounty hunter, and the team too

anything can make a project end its program and whatever the case might be, as long as the project refunded it's investors,  they are clean and don't expect them to pay bounty hunters because it is assumed that they don't have any more funds

Hunters do not lose any money, they lose time and not a little, which could be invested in other projects or spent on real life.

If you are an investor with that project, well that's disappointing that you're expecting something in return that will potentially give you profit. I don't think that you can do something with that if the project's management has decided to cancel.

This kind of reasons are common in this ICO era, bounties are left with nothing, cause I never heard a Failed ICO giving anything to the hunters if their project has failed. If its failed then there's nothing we can do about it. we need to move on. look for another one that might give us a chance to earn.

This is the risk we have to take as bounty hunters. Some will pay, some won't. Some will even close the project before ICO.
All in the game. That's just the way it is.

If they never conducted any ICO, then I don't see any right criticizing them about cancelling the project, they started the project without your opinion or commitment and can end the project without your opinion, the only time it would be a scam is if they carried out ICO and then cancel the project without refunding investors their money, that time you have all right to even sanction them and also report them to your government so that the people behind the team would be arrested.

Yes, when they have not yet got into public money and we are safe with our money, then we do not need to worry on this. Probably when they come back again with a new project, we may not give them same level of support as they are not good in planing as it may be a "sign of their everything".

For a bounty hunter like you it means you never invested any money ,what you lost is your time and have you forgotten that joining bounties is risks you are willing to take ,the project might succeed or fail ,be strong and stop complaining

It is no scam since they are fully returning the fund of the investors that they would use to pay bounty hunters, so because we worked for them, they should take part of the money they will be returning to investors to pay hunters?

Sometime we have to keep selfishness aside, if things like this occur, we have to understand that we are not in it alone, even the project team loses more, do you know what it means to have seen certain amount of money at one’s disposal, only to give it all back. The trauma alone of what one could have achieved with it is something else, and that is why some people that can’t take it would rather scam.

We just have to learn to understand some certain situation; it is not every business that we do that must profit us.

Thank you mate, we just have to move on and stop holding to the past and use it as an experienced we have gather for the next project, is it not better to lose little time than to lose money? With time, we can always quickly recover our losses.

Imagine projects that are starting from zero funds, do you know how much it would take to pay bounty hunters? If they return all to investors, what would be left for them to pay we bounty hunters with?, their own little money they are keeping to cater for their family? It was not their fault that the project failed as a result of lack of enough fund being contributed.

At the beginning of the project, there is a responsibility to sign, it is possible to cancel the ICO, investors will return the funds, and for the bounty hunters, it is very unfriendly, it takes time, there may be no gains, it is unfair.

If project says they failed you can't sue/claim anything toward them. Regarding bounty hunter, when they launched the bounty campaign when they promised is to pay you with the token, they never promised their token will worth any money, thats why I only join a bounty that paid me a token that already listed on an exchange and worth some money. And about the time the bounty hunters have already spent. My opinion is that that time is spare time, meaning that if a person time's worth more money they will do something else, they will do a real job rather than doing bounty. So, if you those bounty hunters not spending their time doing a bounty they will not make money either, thus their not invest anything to the project, and they should not demand anything.

I'm telling you its very common nowadays, and most of the project keeps on promising about the exchange listing, and after a long time of waiting a sudden messages will appear to inform you about the extended exchange listing. This is not a good work for every project development because they have to be more certain on giving the right details about their project and don't give a timeline if you can't work on that.

The money is safe from investors and they can just simply refund it through sending it back to them. And when they comeback, I don't think that they can still see the same support like what they get from the first project that they postponed.

Possibly scam projects will do that by and large and if this happens they have to discount every one of the investors however on the off chance that at last they don't restore their investment, at that point the investors should document a case against the group project.

Projects like this are scarce and I trust the future there will be no project this way, since it will squandering times for investor, bounty seeker, and the group as well

If the project team decides to close the project for different reasons as they are not capable to fulfill on their promises I think it is more than fair, rather than to continue and fail later or even scam people. I do not see nothing wrong with that to admit in early stages that they have to stop with the development. Bounty hunters have no  guarantee when doing their job, we have to take that risk that some project will  not succeed.

Unfortunately, it is the kind of risks that we have to run as bounty hunters, since it is well known that many of the projects we have participated in have failed since the beginning, and very few ICOs have been successful enough to grant us big benefits.

But everything is a matter of insisting, perhaps now it will be more difficult than before, but it would be enough to participate in two or three good campaigns in the year to obtain some complementary income that strengthens our economy.

I understand your frustration but we should expect more of these situations right now as the crypto market at the moment is still cannot be considered in a good shape. Declaring their projects a failure doesn't mean that they are scammers but they just failed to meet their target market which is vital for the success of every project therefore to avoid wasting your time better to choose ICO products that are feasible to the masses.

Cancellation of a project is not a scam as long as they return back investors investment. Regarding the efforts of the bounty hunters on a cancelled project they should take it professionally because that is how business work not always successful. We have been here a long time and we have been doing bounty we should all know the pros and cons and consequences that might happen on a project.

Indeed it is like an exit scam excuses for bounty hunters because they won't give refund for hunters.
But  the hunters cannot do anything, their works will be paid if the project is successful.
Thats why as a bounty hunters, one should choosing with many considerations about the project quality.

As a bounty hunter, of course, we are disappointed because the project cannot be developed anymore. We only lose time wasted. But this also does not make me give up because there are still many new projects that have good potential. And this will be an experience so that in the future looking for a project must do research.