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Update:

I wanted to know your opinion regarding this matter, I am browsing bounty campaigns to kill time and possible project to invest in since I need to know the allocation of Bounty token since often times this influx of token saturate the market and caused the price to go down when I stumble on this bounty thread titled: (BOUNTY) 💰💰🔥 P2PS Bounty Campaign $450k Worth Of Token For Hunter 💰💰🔥 (https://bitcointalk.org/index.php?topic=5135931)  I noticed this thing..

The bounty,/ bounty manager priced the initial token price as $3  


While the IEO price is $0.03

https://i.imgur.com/OWSNwk0.png (https://www.p2psf.org/)



I would not mind if it is in stake distribution but the token reward is fixed.  I feel sorry for the bounty participant being deceived by this rate.  I have nothing against the bounty manager but I just feel that there is something wrong.  How can you clasified this kind of action?  I'm kinda confused because I believe, with deception hunters will end up nothing.  What can you say about this?  I need your input since I am confused.  Is this kind of deception allowed in the bounty campaigns?  Are bounty managers allowed to intentionally increase the price of token to attract more participants?  I think this is deception and should not be tolerated.

A lot of bounty hunters already understood what you are explaining, that is the norm of most bounties, quoting a certain expected amount as giveaways which does not reflect the reality. Particularly I do subscribe to such, I would prefer a project with much reasonable quote and will likely be able to pay it. It is annoying seeing very new projects with not up to 200 persons in their telegram group promising huge amount in millions as as dollar worth give away where they are struggling to raise few thousands

I know but this case I think is kinda exaggerated, pricing the token 100 times the IEO to attract participants, Veil on the other hand gives at least a reasonable conversion depending on the exchange rate.  See the difference of these two bounty.

Well they do have a quotw already in that if the tokens are to be expected to be price(at launch or down the roadmap) at $3 USD. Which I think that they have an expectation of price in the future. And a bounty hunter must analyze the context to fully understand the bouty announcements. As such it is still up to the investors and the market what the price of the token will be, which I think a bounty hunter should be aware of.

Indeed but declaring the token in a certain unrealistic value at its current state, just to lure participants to join, i believe it is a shady activity in part of the Bounty manager. 

Yes. That is deceiving. The figures are all completely wrong. They try to give away less then they suppose to.

That's a dump developers and this is not a new case. Any bounty hunter has already done their research to the any IEO bounty before they start to work with.
The team or even bounty manager can't even clarify about that and it seems like that bounty manager doesn't care about that.
It's allowed but it's not worth to participate. Bounty manager has no right to do that.

The importance of doing your own research before participating in any bounty hunting, this a clear deception, participants needs to avoid things like
this and make good research then analyze the possible rewards to receive if its worth to participate using your time and efforts.

That's why you really need to check the website and other technical details and also as a bounty hunter we should keep in mind that we also consider the dumping of price after distributions of the tokens because of the bounty participants who wants to sell their coins.

I may say that it's not a scam but a misleading information and deceiving prices they tell. So never or don't trust those kinds of bounties, we are working fair and all they do is to deceive bounty hunters.

That was really deceiving based on the information you provided here, total bounty would only be $4500 and that is very low and not attractive.
For those who don't do research, they might fall for this and will regret later, but the bounty manager has a lot of explaining to do here.
It's not a typo error because the total tokens was specified but the price is wrong which resulted only to the amount of $4500.

Deceiving rate of bounty campaign is a pain in the arse for hunters however experienced hunters can realize that. Somehow the rate is not very important as good projects can result in 5x or 8x profit. Number of tokens is more essential then.

The purpose is of course get as much attention from bounty hunters so they will join the project. I am sure that the $3 is just like a very positive prediction of the token price while it is already traded in exchanges. My opinion is that this is not necessary since bounty hunters these days already how to analyze projects and deception is the last thing that one should do because it will eventually boomerang into the face of the people behind the project...including of course the bounty manager. We are not that desperate enough to go down to this level. I am glad that OP is calling our attention to this project -- P2PS -- so that this mistake can be corrected as soon as possible.

Participating in the bounty campaign of a project at the present time is almost 10% chance of success. Most of the capital mobilization projects failed, scam or if you go to exchange, the price will fall miserably. Many projects don't even want to pay tokens for bounty hunters, so I don't participate in many bounty campaigns at this time.

Looks like a scam, and i will never invest on this because i not like this kind of behaviour while price is only 0.03$ on IEO and pay people who work with a fake rate, better try find another project and invest only on IEO.

Unfortunately, it happens that the bounty manager of the company deceives the participants by overestimating the token, so most of the participants in the bounty companies go to the main project site and check the price for the token in case of fraud. This information is distributed among other participants.

I saw this bounty thread few weeks ago .. the problem is most hunters don't bother to do their own research on the project they're about to promote

Now the bounty information is absolutely deceiving ... and those already participating in this project are wasting their time as they'll be left with pennies to buy pizza at the end of the day

It is really disheartening and becoming the norm now, most times bounty mangers don't even care. Also, this is the reason why it's good to study the project, team etc before engaging to avoid wasting time and effort. If a team can do this, who knows what the project will look like in the near future.

there is a possibility that this is only a miscommunication because the bounty manager in my opinion is still not too experienced in dealing with bounties, and yesterday the bounty manager had a problem because it promoted a scam project, but we see when the distribution is in line with the promised 450 K$ or not at all

The truth is, even if you do your own homework, usually those bounty programs are really not the same worth as they presented to the hunters. Their value becomes very small once they hit in the exchanges. So even if they set their expected value as very expensive one, you can get it at dirty cheap prices once they are listed. Which by the way, is the recurring problem of most bounty hunters. Very few projects live up to their worth once traded. Hard truth.

Bounties ain't what they used to be its either the manager wants to attract hunters through the exorbitant price or he's just upto something else.

Errors like this actually often occur. and most bounty hunters don't pay much attention. I myself have experienced when there was an error in writing. and if it has happened like that, of course the bounty participants will be harmed.

Hmm...
Read this update from him :

3$ is rate for old P2PS, and 0.03$ is rate for new P2PS
and token pool change from 150k To 1.5M

---

Btw I don't know why, but I saw NashAmajh (bounty manager) have a many problem/error on his bounty/airdrop. On migranet airdrop I saw on spreadsheet there is someone who filled out the form inconsequently, he fills just "asdasfasd" on username and fills correct ETH wallet, but the problem is I see 300++ like this on spreadsheet and when I try to fill out a form, 1 email is only allowed to fill 1 time.
So who is using more than 300 e-mails just to do that?

It has become a way of dev and team trying to lure bounty hunters to participate in their campaign when they know they cannot meet up to the standard, they will eventually reduce the price with the excuse that they are trying to give more value to their project.

He should be updating the Announcement post after updating such, I also checked the spreadsheet but it seems the payment adjustment is not implemented.

https://i.imgur.com/qycu9SN.png (http://hhttps://docs.google.com/spreadsheets/d/1Dg2yG1k23UkTDbrrahHbZoevkBbH7WMoPPwpcggHh_g/edit#gid=2054760107)

If I were you and I did detect such I won't bother to keep promoting ,this means they don't know what they are doing and many will be at lose either hunters or investors ,I like projects that stay true to there words ,as a bounty hunter the choice is yours to decide

That is if they were able to get paid the pennies at all. A lot of such projects do not pay at the the end of the day, you won't even see a cent much more for pizza. They use such huge amount to attract hunters and unsuspecting ones fall for them

He said the new price will be updated June 1st but up till now he hasn't effect the change on the bounty spreadsheet, the manager and the project devs are both not proactive about development of p2ps project.

This kind of post might be considered as a typo error in my own analysis. When you see such posts, it's better to alert the bounty manager and hear him or her out first before running into conclusion of deception. I know a case like this where the manager was alerted and she was so humble and thankful.. It's not also to say some managers ain't deceptive. There are bounties posts you see such too and the manager won't have reasonable explanation or response to it.

I believe it is more misunderstanding between parties. Bounty managers have a lot of work to do and I would clear this in the main group or bounty channel, rather than to make mess on this forum. Clear things, before saying that anybody is a scammer.

They are trying to trick us because they think many bounty hunters are taking the most bounty and not checking their project information. So they write inaccurate information, and they can search for bounty hunters to support their project at the lowest cost.

This is the reason why we should also do our own research when it comes to bounty hunting.
The price that has been stated is too far from reality .
If we would compute the real price it would just be $4,500 and I think that's the reason why the manager lied.
But no matter what the reason is this is really bad for the campaign or the project it would reflect to the whole project and management.

I think this is not a new form of scam since many projects before are over valued and they promised to be a good coin, bounty hunters must already know the difference of a real coin and its real value, don’t waste your time for that kind of bounty campaign. There must be a valid reason for that bounty rate, and its better to ask the management or even tha BM, they can answer you for sure.

Some bounty managers are fond of this but if you still check, might not be from them. The team will tell them to do that in order to attract hunters. A bounty like that is pure scam cos there won't be payment afterwards. Its good to check projects and the reputation of a bounty manager before participating in any Bounty.

If you read second post in that thread $0.03 price is mentioned. I'm not sure if it was done on purpose or he simply didn't bother to change it in op since it was posted within same hour.

https://bitcointalk.org/index.php?topic=5135931.msg50765152#msg50765152

Yeah this is not only unfair but also un ethicaland that is why people are becoming less interested in bounty hunting now because they have been facing scammy campaigns and some have cut the reward after the campaign finishes. I also participated in a campaign recently and they sent me 5 times less reward tokens and when i asked why the tokens are less than what final spreadsheet showed they said you can not ask this and what you have received is final amount you earned. Every hunter complained the same thing in their bounty channel but they never seem to bother which is very painful i think teams and campaigns should be honest and straight forward about rewards and they should stick to their words after the campaign ends.

This is nothing new under the sun. Lately, 9 out of 10 bounty managers reduce the budget after the ICO.
Not to mention that the budgets has been announced in a deceiving way from the beginning in 2017.
Be vigilant, ask questions, clarify everything before participating.

No bounty managers are not reduce the budget for ICO. They simply can work for the tokens also nowadays.

After the entrance open for IEO format of investment this ICO market completely trashed from the world. Thus, we need to take care the good ICO to improve our knowledge over the ICO and can see good bounty campaigns here.

It is normal with bounty campaigns to have this kind of "scam." But always remember this, you are just a worker for them. Whatever they want to do with the campaign, bounty or whatever is on them. You don't have the power to change anything, unfortunately.

The market experienced a correction again and I think this will still be able to rise again. but it does take time. we ourselves must be patient to wait for an increase in the market and also prepare our investment when it has experienced an increase again

Managers should make the right news about the price of coins, not just to make the price a little more lucrative in order to attract the attention of the bounty participants, because I also suffer if bounty participants are cheated, because they use the maximum time to participate in campaign participation, this must be clarified immediately.

Good work! They should clarify if they are really giving away 150k tokens or 15 000 000 tokens to provide tokens in 450k$ value.

I’ve come across this many times, and I’m used to not paying attention to such campaigns, I just bypass them. Such campaigns must be removed from this forum.

Are you reading my post? You don't make any sense dude. I'm talking about the bounty "scams" and you are replying to my post. Suppose, you should reply to the statement I said.

well... we just have to wait, hoping that before distribution start or bounty end, he will update the spreadsheet.

There are some factors that should determine if a coin should be sold for $3 or not during ICO, though from my own point of view I don't see any reason why coin should be sold at that rate when it hasn't hit the exchange yet. One of the factors to be considered before setting the price of pre-sale high or investing is the total supply of the coin, if it's low then it's okay to make purchase if it.

It should be taken care before the end of this campaign, hunters will demands the correct stake after some works that has been done to this project,
bounty manager and team behind the project needs to comply and if possible to reply here that they already updated the sheet.

I thought was normal, not until i also found myself in it.
I believe this changes and such strategies are just deliberate acts, which very soon will be very glaring to everyone.
Bounty managers who do this will get blacklisted, because they too are guilty of such serious offence.
It is also hard to see such projects succeed.

I really like the bounty sold through the IEO, but I know that not all projects will sell tokens through exchange. So before I join, I have to study carefully to avoid losing time on useless things

In the bounty campaigns in the last year there were a lot of frauds, so I’m not surprised at these scams anymore. That is why it would be nice if project teams paid bounty campaigns participants for work in BTC, ETH, etc. once a week to make it more fair and honest to those who participate in bounty campaigns.

There’s nothing new about this bounty campaign cheating and making the bounty hunter stupid and fool

Many strategies to lure hunters to promote their project but in the end of the day those participants will be leave behind when the team gather investors money and run away with it

So for the hunters please be observant and be obedient enough for not becoming another victims of these dams scammers

It is no longer a surprise. Many bounty campaigns now scam their hunters without remorse for several months of work done. MFTU/CYFM are similar campaigns last year where the bounty reward was estimated at over $500000. By the time it was over, the project owners said they estimated their token value by themselves before it was listed and they used those same fictitious figures to run a bounty campaign thereby luring many people in. At the end of the day, the entire bounty was not worth up to $15000. Professional scammers!

Often the pool of awards is indicated in the title of the bounty campaign. This amount corresponds to a hard cap. But the hard cap is now very rare. Managers know this, but the amount indicates the maximum. It looks hypocritical, as in the described case in the OP of this topic.

We are very much aware of their scam tactics that's why I dig very deep before joining any project and I believe if all hunters will do same the bounty mangers wouldn't be taking us for a ride anymore

As far as I know, this project is no longer the first round, and judging by all the new bounty branch was completely copied from the old one, so it’s not surprising that we see a similar result. However, the manager had to update the post with awards from the very beginning of the new round.

This is really good topic here.
ICO price is 3$ ang IEO just 0.03$, this is so waerd.
This project gone wrong, he said if you will get a huge price but just a cheap rewards.
This is unfair for bounty hunter like us.

As I suppose, the bounty manager most likely made a mistake in calculating the total remuneration pool, but in any case it is ugly with respect to the bounty participants of the company and I think that this problem should be solved.

If it is seen, of course it is very implausible and the ratio is very far between ICO and IEO prices. For everyone, when you want to participate in bounty, you must see more details like this. Maybe many people don't know this kind of fraud.

I don't have an smerit, I should have gifted you 1. This is what I call a hyip, and usually they fail. I don't join bounty that promises an ROI or times 5 or even times 100, they are not the one to determine the market volatility except the token is created like a Ponzi system like we saw in bitconnnect and other infamous lending coins that ended up digging investors grave. No good project gives a certainty word of assurance of quick price growth, except they plan to manipulate the price. 

The webdesign shows the quality of the whole project. And another exchange? Why the h*ll we need more exchanges? Do you think that the problem of low liquidity is in exchanges?  ;D

I hope this will serve as a reminder for all bounty campaign participants to always be vigilant and watch out for this signs be it intentional or not since this will raise an alarm and get the attention of concerned individuals and act on it accordingly.

If there is a demand then there is a proposal. Another exchange is not so bad, the competition in this market will must to make the project more qualitative.
What can I say at theme?I think this is a manager's fraud. And I try to bypass such projects where the attractive price for token is written in large font

This project bounty manager manages some projects lately, mostly with one of the highest reward in the bounty section. I never noticed this manager until recently and cant tell how successful he is with bounties. I wont be surprised if all the bounties he manages fails. There are lot of scam in this space at different levels but wont to talk of the bounty managers.

I, too, have fallen for such a deception. Now I don't trust such bounty. Unfortunately, it will be really difficult for a beginner to understand this that the project is deceiving them. It is necessary to explain to them that you can not be very trusting.

Of course, it should be regarded as a hoax. And bounty managers who do this should be indicated by name in a special topic on the forum.

Concerning my experience, I am found out bounty from Lukki exchange. Check it out https://bitcointalk.org/index.php?topic=5156538.new#new

This is why it always always pays to research any new project as thoroughly as you can. Sometimes bounties can be misleading, whether this is the fault of the bounty manager or rather a miscommunication between the manager and the project team can be difficult to determine.

One common issue I've noticed is that listed total bounty payouts are often based on the project achieving hardcap. These days it is not that common for something to hit hardcap, so it is a good idea to a) check what the hardcap is and b) decide for yourself how achievable you think it is. It is worth checking the softcap as well, because obviously if the ICO doesn't hit softcap then the payout is $0.

Don't just go for the projects that say they are offering the most, choose instead those that you've researched and that look like good long-term bets.

Short-term is a different matter entirely, if that's what you want then the answer is go for whatever is the next IEO on Binance.

Each has its own business in its own way. Yes, cheating. Well, there is a lot of deception. And do not believe that the project will achieve great success. Take it easy. I probably already went through more than 100 scam projects. And it does not surprise me.

From $450,000 to $4,500 real quick  :D
Has the bounty rewards already distributed? If it's not yet given, maybe the ICO team plans to distribute it once the token price reaches $3. I wonder when will that be  ???

although your analysis is true about the deceits in most of the bounties but I might not be too quick to judge the bounty managers.  It might be an error or some kind of mistakes.  Either way,  there must be something wrong somewhere

I am still unaware of such fact that projects will not distribute the exact tokens allocated beforehand. In fact, I have been given a small amount of tokens than promised beforehand. I have seen many projects offering a large amount of tokens to be distributed to bounty hunters. Seeing this, I wonder how could they distribute such a large amount of tokens.

A project with available wordpress designs I will not participate, because the project team did not focus on the formality. What their idea is will not succeed, because they are not really enthusiastic about the project.

What the good things about you as a bounty hunter dude is your really taking action carefully before partaking in the project campaign.
Now about the bounty campaign you posted here, in my point of view I suggest that never join in a campaign with that kind of system it is too risky actually, especially if the end of bounty is until hardcap reach, it is good to be true..

Thats definitely a red flag for me. I didn’t and won’t join campaigns like this, if there are some irregularities between project website and bounty manager threads.

Therefore, before participating in the project, we must look carefully for not participating in such a project. Don't think about large allocations, what you have to think about is that the project is true or not. At present there are very many projects that provide large allocations but the project turned out to be a scam.

This is an absolute deception, why lure people in with juicy offers. This is why people should do their own research before embarking on these bounty campaigns. There are many scams around and expect more in this bull season.

I was checked this bounty before 2 weeks ago and wants to join but when i checked the price of ICO than i was not join due to bounty and ICO price different,all kind of bounty should be check before joining . 

I wonder if bounty hunters know this huge discrepancy, there a lot of people participating and they will be surprised when they receive their rewards, that's a good observation, maybe they did not look at the price and just go for a good project that they know they will get a reward and had potential in the market.

This is really a misleading and misinformation by the bounry manager. Since IEO price is $0.03, why the hell he si referring it as $3? Makes zero sense. I would advise you to create a scam accusation or a thread in reputation.

I think it is a fault of the Bounty Manager, in this case I would ask about the actual token price in the official Telegram group of the project and make a decision whether to participate in this Bounty or not.

actually this is nothing new and many fraudulent bounty campaigns have happened in the past with many modes they use, but as the industry develops, i'm sure that in the future there will be no more scam projects that will only harm many bounty participants and investors

I recently noticed the same thing about a particular project here on bitcointalk. When I checked the original price on IEO, I made comment about the actual amount of the token allocated for the project on the bounty page on telegram, but immediately the bounty manager sited this, He quickly deleted this. Most hunters that usually fall for this strategy used by some bounty managers are the Jr Member and Member rank. However, I believe some bounty manager that does this will definitely not go far. I have seen many of them and some of them are technically defeated. if token allocated for a campaign is $2k, I do not see anything bad for the bounty manager to tell the hunters. It is an individual decision to join or leave for another campaign.

This is nothing other than a simple mistake. Communicate this with bounty manager and maybe you will get a bonus token for yourself. Just cannot understand why you are posting this before clearing everything with bounty manager and team members.

Things like this occur all the time. People are drawn to bounties based on predatory tactics and often are captured by multiple-fake accounts propping up such a bounty.

In the end, understanding the premise of bounties, the legitimacy of the team/project and being realistic in terms of how much the payouts are going to be; is going to lead hunters much better off, while investing much less time interacting with numerous of useless campaigns.

This is really a bad habit if its from the bounty manager or the project manger, why deceive bounty participants with such allocations. sometimes issues like this makes me regret joining some bounty campaigns because at the long round, only the bounty manager prospers from the hard work of bounty hunters. I called this day light cheating and its nothing good to write about.