Bitcoin Forum

I just felt I should do a flash back on projects that cheated on bountyhunters or refused to pay for work done and do a recap on how they fared afterwards. There are many of such projects ,you can add to the lists.
Kora Network
Led by Dickson Nsofor and Maomao Daniel Hu

Raised 12 Million USD with the help of bounty hunters
https://i.imgur.com/ZjXP0Vo.jpg
Then refused to pay for several months,ignored bounty manager until an anti-campaign was started, only then paid a tiny fraction of work done.
Current Market cap 43000 USD
https://i.imgur.com/DPZpG70.jpg



Loss to investors -99.64 %

Nothing substantial in terms of project implementation (other than listing on some small exchange-one of which is no more)
Team probably dumped their own tokens and walked away with over 10Million USD. That to me is a form of scam.
How a project treats bounty hunters/managers tells a lot about their integrity and can serve as a red flag to investor. Nothing can be achieved long term when integrity is lacking in a project team.

What projects you now that followed same pattern, please indicate.

Adab is one of this after almost a year they refused to pay the bounty hunters, there are already three scam reports on this scam project

https://bitcointalk.org/index.php?topic=5168193.0

they keep saying the same thing after their bounty hunters finish the KYC there is still no announcement of the distribution
and I doubt if there will be one, investors should ignore this token, they will do an exit scam that's for sure.

I'm sure they have ANN page on this forum why can't you guys raise flag about this issue?the more many bounty hunters raise red flag the more they will feel the heat,this is scam

If I can remember correctly this is a big issue in crypto space ive help promote few bounties that never paid till date and they are on CMC with very good volume,for example x-block project

Yea desico did the same thing and after almost a year of ignoring bounty hunters they decide to pay 10% from 100% bounty allocation and all I get on spreadsheet is around 10$ so i just leave and move on,bounty hunters needs to start taking actions on these projects, our silent won't change anything.

There are actually a whole lot of them. Others have their own schemes to just shirk responsibility from the people who help them reach whatever success they have. Some are devising disagreeable set-up for their own advantage even if disadvantageous to their marketers. If they fail, it is largely due to their being dishonest. If they are dishonest to their own bounty participants, they could be dishonest to others. Perfect recipe for failure.

You must not promote a project which isn't managed by a reputed and responsible bounty manager. Hhampuz and Yahoo are two persons who always think of getting paid their bounty participants. They care about their image, reputation unlike other stupid managers.

I participated in the project Kora when they were on bountyhave and I remember how they didn’t want to pay employees. Until users started report spam they didn’t even want to pay, and paid crumbs. And the price was already small and not needed by anyone.

This is why bounty managers matter most times,no matter what happened they will make sure that bounty hunters get paid as they are promised,i think its all on bounty manager

There are many projects that did the same too and they are too many to enumerate it here. Even me as a bounty hunter has experienced the same things as other bounty hunters has experienced.

Yes those 2 campaign managers are reputable here but even they managed to pay the bounty hunters, it doesn't mean that it will be a successful project already. They can pay the tokens to the hunters but there is no value on it because the team can abandon it anytime with the money.

Well, of course they won't be successful if they can't even get their marketing straight.
Never forget, that's what bounties are: marketing.
It's such a crucial part of any startup in any market and if they can't handle doing it, then they won't be able to be successful.

One of the most important things you can do as a bounty hunter, which no bounty hunter ever does, is take a look at the smart contract.
The smart contract should have been audited and match what is written in their white paper.
Don't know how to read a smart contract on github?
Then start networking and find some techie friends to do it for you and start investing together.
AT this point, with so much information on how to avoid scams, I am starting to have no remorse for those that still get scammed with obviously bad projects.

It's true, joolly is a good guy and he can be trusted, any ico that listed on this signature were scam.
The idea of adab doesn't make sense from the start and that's a bit scam. I hope that bitforex will try to delist that scam coin.

Refusing to pay bounty hunters after months of promoting your project can be the worst decision any project manager or project team may decide to do. Why ignore an individual of his or her salary after working for you. I think and second the idea of tagging projects which refuse payment to hunters with red flag as this will bring down their reputation and make them know what the effect of cheating hunters.

I used to be so active in ICO bounty hunting and I will definitely be going to support any flag that anybody will raise against bounty campaign that refuses, lock or even delays payment to its bounty hunters, it's a long month of hard work and waiting for them to do that.

This project lists their bounty campaign on Bountyhive. it's been a long time since this bounty ends.
I follow their bounty but leave it because of the delay of the paying of bounty, I don't think about it anymore.

Hunters deserve to received their pay at a given time by the team or else if there's a situation like this for sure it can be a scam or  better to ask the team to explain for the delay. If you raised a flag for any bounty thread make sure you have your good reason, and because of that many hunters will support that flag. Its not good for a project to ruin the trust of the hunters, they can't just collect money without us after all.

Yes, this project is suck. I did bounty for them, and after 1-year bounty, they reduced pool paid me just 30% of my allocation  >:( A red flag for them, and ADAB price is dumped 50%, that mean we get few dollars for a year promoting this.  >:( >:(
All project like KNT, ADAB or other must be received a serious red flag.

It's a wicked action not to pay bounty hunters after they had done their duties if they have a bitcoin talk account they may get bad tag for that.
What initial coin offering does is send out little of their token knowing it will be of no good to bounty hunters just not to let their coin from getting dumped

If you check the Bitcointalk  today you can see that there was many of these so called bounty campaigns are still running. But after the campaign ends they will not pay its obligation to the bounty hunters the worst is they required too many chitchat and lots of alibis or even locking the tokens for the whole year. thats insane i think thats why bounty hunters should vigilant about these new norms setting by the team. thats why the terms and condition is worth to read. if you didnt agree with it its very simple dont join that campaign. choose a better bounty management that fight the bounty hunters right and not just the team own interest.

I think in last few months there were a lot of projects that never paid bounty hunters i do follow a lot of threads in this forum and telegram channels regarding such issues, to name a few the peojects that never paid bounty hunters are Athero, securix, swiss alps mining, winbix, envion and many more, recently, bitbond sto has also been reported recently to not pay bounty hunters after completing the campaigns and now making lame excuses to not pay hunters, i think we should atleast name and shame such unethical things from these so called projects.

This is really a sad one and this are one of the risk of bounty hunting to cap it all no regulating body to check and if possible arrest the team involved in non payment of rewards I can't imagine working for 2 to 3 months as a bounty hunter devoting your time and efforts without payment this an act of wickedness and deserved severe punishment invariably hunter are helpless here,reported cases of ICOs not paying has become the order of the day and prevalent to cap it all the bounty managers are helpless in taking decisions regarding to payment except if the coin is escrowed.

I am surprised to hear of kora not paying because I was paid some KNT which was gotten through their campaign that I participated in, although I participated through bounty hives then, and tokens being distributed directly by the bounty hives teams, but I dint know that they have even entered the exchange market.

This value they have I almost like going to zero already, which seems to me that the projects is already being dump, if they have not paid some bounty hunters, it shows that they were never serious in the first instance. We have lots of project that has not paid bounty hunters, I usually do keep an excel of projects that I participated in then, and I cannot believe that almost 50 percentage of projects I participated in did not really pay me. This is really very bad.

Not paying bounty hunters is not fair, but I don't know for sure if your claims about KORA is actually true because I didn't participate in the bounty. Well, Nemesis always catch up with most of them. Team members should always try to reward those who aided them in promoting their project. That's the right thing to do.

This is what some Project Team don't seem to understand that Hunters have some amount of power to campaign against them. I wonder why hunters will work and get denied of their entitlement, sometimes they refer to hunters payment as Free Token making hunters look like beggers.

A big and solid community is including in the main requirements to be listed in the major exchange site, The majority of scam platforms are refusing to pay the hunters are getting destroyed because it has already violated the agreement that has already made with the hunters and that's why they are ended up with crap exchange with no volume.
But sadly this scammer will be running away with the money.

This is the kind of judgement I like to see on such projects that cheat on hunters. Some will say they are only puttingeasures for hunters not to kill the project, but I ask, were they forced into starting up the bounty in the first place? Did hunters drag them out to do the bounty? It's just wickedness and inhumanity so I don't see such projects succeeding.

Bounty manager should have an analyst against the project that will managed by him. Sometimes I saw several bounty manager who stop the promotion and paying the participant with their own money when the project was caught as scam project. If I'm not mistaken the bounty manager is yahoo and I forget the project that he managed.

Which is mean the bounty have a right to pay participant who promote the project if the project end up with scam because it's their fault. To run bounty campaign is not about counting the participant, see bounty hunter work or give a fee when the bounty has been completed but more than they have to know/differentiate legit and scam projects and the fees given by the project team must be in accordance with the initial agreement.