Bitcoin Forum

Be careful which bounty projects you promoting, we start blaming projects once they turn scam for not paying us but we helped them scam many investors of their money, remember, the more we helping scam project the more crypto will get bad names, investors who don't know anything about crypto but took the risk anyways and end up losing his or her money will no doubt says crypto is scam....

How do you tend to escape from scammers Everytime? Don't tell me you have one because that's not always the case, not even a bounty manager can give guarantee on bounty projects they introduce, they will still tell you to do your own research no matter how good their reputations are. .. tell me, cos I need answers

It's difficult for you guys to look in the beginning if the project is a scam if it actually looks like a legit project. They have promising and truthful gains and development of the project so you can't determine them scamming people at the first place.

It's true that bounty managers also don't have the idea that the project is scam. They also do their research and accept projects that are legit and not scammy in description.

Yea bounty manager will only make sure that participants get paid as promised, whatever happens or will happen to the project is no more bounty managers work or job, the real fact about bounty projects or mainly new projects is you can never know, in those early days in 2010 many altcoins came in but weren't alive any longer today, it's all about risks.

Instead of this I think we should start working on making investors realize that crypto investment is a high risk investment and has no guarantee, thy should only invest only what they can afford.

I wish this can be on every new projects that are trying to raise funds, when was the last time any of you guys come across a new project that warns investor that 'investing on new projects are high risk' investment plan? It's been long, can't even recollect the name of the project I last saw that on...

The only thing that will keep making crypto look like scam is if new investors are losing money to new projects over again, I don't know what the best solution will be for this but I hope for a solution at least.

There are some high quality scam projects that no one can caught them until they actually exit scam or turn scam after stealing investors fund.

I think it's best if you wouldn't promote it at all if you are worried about getting scammed. Not getting any reward is quite common now with all the bounties, sometimes you can but it's a zero value token, basically a shitcoin. No acceptance of the token in any exchanges also means nothing to get the BTC reward that bounty hunters want. No point.

Firstly, i want you to understand that it not every project that didn't pay their bounty participant end up scamming their investors. However, there's no way we can stop scammers cause they will always figure out another strategy and the best thing bounty hunters ought to do is doing research about the project (which what i always do) before participant in their bounty.

As if its easy to recognized the campaign we promote would turn out to be scam right? Sometime a good project have a hidden agenda but its on the long term. If hunters only knew whether the project is scam or not then it will be avoided. There are too many bounty out there and only 2/10 release campaign usually paying hunters and tend to be real and legit. So better to choose which bounty should be prioritized.

That's right, not all projects not pay Bounty participants, most of them pay, but the next problem arises where their tokens are not valuable on Exchange, of course this is their trick creating shitcoin to be sold to investors. Scammers only look at investor bags, their target is to take investor money.

Even if you say that I think others will still helping scammers without any idea about it.
Because the majority of the members here in the forum don't know how to determine if the project is a scam or not,
that's the real talk things happened. This might be the problem why still there are a lot of people joining in project without proper knowledge.

You are right that we should stop helping fraudsters. But scams do not happen once we know. As long as I became a Bounty Hunter many projects were paying. But, many projects do not pay. If we look at Altcoin conditions since 2018 there are many projects that are a scam. As long as you don't lose money because of investing in a scam project, I guess it doesn't matter.

But for now, you have to be sure because there are still many Bounty projects that have good potential. We do not know that this project was initially doubtful but could be a success. Better still continue to do the Bounty campaign, but it should be smarter to determine the best project.

I really don't think any bounty hunter would want to promote a project that is scam, that is more like purposely doing a job you know you won't receive payment for, because if at the end the project turns out to be scam your effort as a promoter is wasted, that is why people will always tell you to do your research and invest what you can risk to loose if the project turns out to be scam. The bottom line is to do your own research and invest as much as you can bear to let go.

sometimes we don't know if the project is a scam, we know at the end of the campaign. and investors who lost money in my opinion is not the fault of the bounty hunter but the fault of those who do not want to do more in-depth research on the project before investing

That's right, so many people suggest that before promoting a project, you have to do research first so that we can find out about the project, even though we can't know the full intention of the project team, but at least it can provide a little important information for us personally.

We have no way of knowing which projects might become scams in the future. If we knew them, they would probably be tagged and no one will participate. Do research very carefully before engaging in bounty at the present time

The problem is those people blamed at the end of the campaign or after the promotional activities have already ended. those people must try to do DYOR before they wanna promote anything related to the ICO or IEO right now.

This is the truth, we must learn to accept responsibility as Bounty hunters.

And the best way to achieve this is by doing proper research before embarking on any Bounty work. Verify the project claims and reward structure.

Be sure to work for the best all the time

Unfortunately 99% of hunters hardly read anything, they never have and they never will, all they are after is some stakes, they don't read any rules regarding bounty before and after, even if you try to warn them of a project being a possible scam, only few will read and stay back, majority won't read instead they will promote bounty till the end then they will cry of not getting paid.

Right, if everyone could easily find out about the scam or not of a project, of course it would be very easy for everyone to make a step forward, the solution was to conduct research so as not to get caught up in the project scam immediately, even though it would also not be enough to know scam or not.

Or if you are in the middle of the campaign and you found out that the project is heading to be a scam, you can quit from their bounty program and you can also spread the word to others. Because most projects that are just starting are hard to be labeled as a scam because you have no proof of their shady activities yet.

So how exactly are the hunters helping the scammers when they themselves have no idea of the project they're promoting been a scamming ones, don't forget most project aren't that obvious with their scamming intention from the very beginning. We're too quick to blame the hunters be it when the project fails due to tokens getting dump or when they're unable to raise funds from crowdfunding and forgetting that bounty hunting is just one of the many ways this project advertise themselves.

Big platform like coinmarketcap and other platforms that can be used for advertising, providing this project with global publicity should be blamed more instead of the hunters that their advertising audience are restricted to some specific audience like their followers, topic viewers etc.

The investors should take the responsibility of researching on any project that pick their interest before they invest into it and stop blaming someone else for their uncalculated risks.

It's like the project you're promoting, how can you trust that project and promote it? They are only taking advantage of the Covid-19 epidemic situation to create bullshit projects and steal investors' money.

Indeed, sometimes bounty hunters help market scam projects because they forget to research properly if the project is legitimate or not. I also fall victim before to scam project when I was new to bounty hunting but eventually learn to research well about the project I join.

Well it is difficult to determine which project is a scam and legit because some projects that looks promising and legit but scam in the end even you do a research the project, but I still always do research before I participate the bounty campaign although is not 100% that you know if this is a scam or not, but if the project suspicious then I will not participate the campaign.

   Yes you are right, we can't see is it some project scam or legit before some time passes, many of them look great, and only after months we discover that it was a scam all along. I had a few misses, I thought I participate in legit bounties, but only when they needed to send tokens all investors and bounty participants found that we have been scammed, they just disappeared in one moment and we never heard about their team again.

For a cryptocurrency project at its earliest stage it's usually hard to determine where the project is really heading. And for bounty hunters most of them do not do some serious analysis on these projects before they do the participation. If some possible ways of determining the possible outcome of a project could be introduced into the industry, it would help a lot to stop helping such scammers.

Too many scammer in this market and too many bullshit projects. We can analyze and remove them, but there will certainly be a few projects out of our control. They can become scams even though their tokens are already listed at the exchanges

There is no way to stop scammers on this forum, you can easily escape some worse projects that can be easily detected but few are undetectable, you won't know until the project raised fund successful

No, bounty hunters promoted scam projects almost every time and it not that they forget to do research but they ignore the research part and only after making some few bucks. If you check the bounty section you will see alot of bounty hunters joining campaign like bots. I think the best way to limit bounty hunters promoting scam project is the mods restricting newbie from joining any campaign.

^ Because it is hard to know in the first place, we don't know when they will become to exit scam even they look legit project. Even we do research but still, there are the projects that turn out to scam. No one will promote project if they will know from the beginning that it is a scam and we are so much thankful here that we have a lot of members that keep busting scam projects even though they spend a lot of time without paying as a scam buster. Nevertheless, if you are the promoter of the project, at least after 1-2 months you will know who they are.

This is a call to everyone, to always do their research before promoting any bounty.
And not that alone, whenever you discover that a project is a fraudulent one, do not hesitate to  call out the project and make everyone aware of their scammish acts.

With enough facts and proofs, which is why you need to dyor

Yes, it is clearly very difficult to stop scammers in this forum, moreover the scammers are also very clever in making advertisements and their promises that can make many people get hooked by the strategy they made.

You talked as of it's that easy to evade scam projects, if you think it's that easy you should at least share some ways with us on here, even legendary members still become a victim to scam projects, those are people who have been around for long already

Bounty hunters aren't helping scammers, if they knew the projects are scam they won't dare promote them, scam projects are so dubious that they can be hard to fish out some times even if you do hard research on them, we can't blame bounty hunters here because they don't know.

It's not so difficult as there was a lot of thread that has already explained about which indicators that mostly used to determine how good the bounty campaign or the project. The fact that the scam project got revealed at the end of campaign and this is something that needs to be avoided.

Even though you use that method I think you need to look at some time ago, some reputable bounty managers cannot guarantee that the bounty campaign can be successful and the distribution is smooth or not because the task of the bounty manager, in my opinion, only sets the participants to record all the tasks that the campaign participants have done.

There is no gain helping scammers, why would anyone willingly promote scam projects ? It doesn't make sense, bounty projects appears to have something good to offer but on the long run they mostly ends in bad results, it's all about how lucky you are, you won't know which project will turn out good until you promote them, bounty hunters are risk takers

No getting paid from any bounties is very common today, if you want to be a bounty hunter you have to think about this risk of not getting anything first, it's inescapable, I suggest you take bounties like side hustle and yes don't take things too seriously, I'm not saying you shouldn't do your job as a bounty hunter but limit your expectations

I always look on the scam section to check if the project I'm promoting has a good standing and no bad reports, once I found out that there is reports of their bad activity or fake information I just left the project, bounty hunters should do the same, so they are not only saving themselves but also saving those investors.

It had been testified for so many times here in the forum.
Do your own research.

The reason is also to filter the projects you will try to advertise or promote.
They might not be a scam but a lot of them do fail in the end.
Who are to blame? Should be no one. We are divided which is the most problem of all and there is too much ICO that is being created daily which doesn't make sense.
Still, we could see a lot of people joining their campaigns.

This is a risk borne by bounty hunters, so we must be careful to follow their campaigns. Must choose well. Immediately do something that can help you avoid danger when following a scam project campaign. Because if we promote a scam project, we might get a red trust.

I am analyzing the project.  Team photos, social networks, domain, etc.  And still there were projects in which everything was true, but they did not pay.  so no one will give you a 100% guarantee.  All hope for the decency of the founders of the platform.

not all cases are like that. when it has been indicated or a proven project scam I think there will be no bounty hunter who will promote the project. but most cases of projects get caught scam when the campaign is finished or in the middle of the campaign.

Actually we always want to stay away from the Scamer project but to detect the project is very difficult and which is in the whitepaper is always real so that we easily trust the project, it is possible to solve this problem we should have a special trick in choosing the project, and we as a bounty hunter are always cautious although often victimized.

We have some good members on this forum that always do deeper research to find flaws in any bounty campaign, thanks to them anyways one can easily avoid bad bounties if you can check out scam accusation on this forum from time to time, it's a very helpful section

We also hope not to promote fraudulent projects, but on the one hand we also cannot blame anyone because fraud projects are almost real and not everyone can delete fraudulent projects in this forum. especially for investors, I hope to always reconsider before investing in an ICO project.

Bounty hunters are getting too much hatred from people for promoting scams but you are forgetting that they didn't know it was a scam project to begin with, they were there to make money just like you and me so there is no reason to stop them from investing their time just like an investor would invest their money.

If they knew that they would work for the bounty and not get paid or get paid with fake coins that would worth zero, would they really consider working for it? Of course not, your time worths something as well and if you work and spend that time for someone else you would want to get paid, if you are not going to get paid that is being scammed as well. That is why I doubt there is any fault on the bounty hunters neither, they are as fooled by the scammers as anyone else.

simple, if you are afraid then you better not have to bother investing or becoming an ICO project promoter. as we know that investing is risky, being a bounty hunter is also risky. we are in a free world, anyone can play here and embezzle money through various means including through ICO.

of course all people here absolutely want to stop scammers, but if that mean we stop our bounty i think it is impossible.
i always choose the best bounty everytime before i join, but yeah sometimes i get a bad bounty scammers.
we can stop scammers but we can not stop the bounty.

so how do you do it? In my opinion it is quite difficult to identify or find out whether the project was fraudulent or not at the beginning after the project was launched? because almost most scamers have revolutionized the ICO project to make it look legitimate.

Stop promoting them is the only way to completely wipe the scammers from ICO market, if we keep blaming each other while actively promoting every bounties will results more people to lose their money.

You are absolutely correct. However, day by day its becoming difficult to identify scam projects. There are many legit projects which are not a scam but failed to raised enough funds and closed due to that. We can do anything in this situation rather than say it as a scam project.
To be at a safer side, we can join bounties managed by proven bounty managers, even though it is still not guaranteed about success or payment.

None of the bounty hunters initially knew that the project could be a scam. now everyone chooses projects very high quality and try to participate only in good ones, but even they can be a scam

The truth is, it's often very difficult to identify scams from fakes and that makes it difficult to know which projects to skip and the ones to engage in. Take for instance Digitalbits. They came with such a charming plan, got hunters to help promote their project and after a successful bounty, made hunters to wait for a year and ultimately refused paying them, same thing happened with deex and the list goes on. It is very hard to say which project will pay and which wouldn't. We all just have to keep doing our bits and best.

It's true. No investors would want to be scammed of their money while no bounty participants want to get scammed with fake bounty tokens.
But there are some circumstances where the participants though realizing the project is a scam continues to promote it for money.
There are examples of even the so called best of members of this forum being involved with such scam knowingly which afterward cost their reputation and their privilege.

True. Even the ones that we see to be a legit one still can become a scam. There are several of them that end up being scam while the ones we thought a scam in the first impression turned out not a scam.

Today we've seen WhalesHeaven P2P Exchange Bounty campaign which partnered with Guarda wallet that looks very legit. How do we know they are going to pay the tokens? No assurance even if they escrow the ERC tokens, they can still create another if they like.

We can't be sure that it's a truly legit campaign before getting a fair reward. In fact, there are often other risks, such as reward lock, or not listing on the exchange even though it has long passed.

That is why bounty hunters tend to choose projects that provide guarantees, such as weekly payments. Yes, and WhalesHeaven is one of the best choices at the moment. WHT is tradable and payment is weekly for the first month. This is like an oasis

Whalesheaven is only traded on its platform and it doesn't mean that can give guarantee for the hunters. It's better to choose a coin or bounty which have already traded in a lot of exchange sites.
More exchange sites and that means the coins adopted by a lot of people.