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Almost 99 percent of DeFi projects in bounty section are scam, you can say I have no prove but this is just my normal thought.

1. Why are almost all bounties released today DeFi projects?
2. Most of these projects have no information about team
( They are complete anonymous)
3. Majority of them are rushed, you can judge merely looking at website domain and designs
4. There are some that based on Uniswap wannabes


You can't compare these projects with real DeFi projects like introduced bounties like Oikos, Lattice, DIA, and few others, my advice is to be extremely picky after doing research

This is the new flavor and favorites of majority. So its not shocking that most new projects will favor defi related.

This is because majority of them too are planning to do an exit scam which probably the case here. I know some of them might be legit but you can tell based on the product which one has really serious approach.

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Furthermore, thats the only thing we can observed. But I will not pick any new bounty at the moment considering that chances are all of them are scam.

1. Because DeFi is a mainstream right now. Like ICOs were 3 years ago. Each and every project ran an ICO, even if they dont need a blockchain technology at all.

2. Because DeFi stands for Decentralized Finances. Main word Decentralized that has close connections to the word anonymous. Besides, even if you know who is in the team, that would not help much to identify who is real and who is fake.

3. Everyone wants to get a piece of a pie and try to grab as much funds as they can.

4. Most of Uniswap wannabes are not regulated at all and you can buy and sell everything there. Scam tokens, own tokens, copycats and etc. Uniswap exchanges are the easiest way to sell scam.

You are not wrong though. DeFi hype is like the second coming of ICO which means a lot of investors will flock in it like a bird and scammers will take advantage of this. There's been cases projects exiting the market lately (like this thread https://bitcointalk.org/index.php?topic=5278771.0) and this will most likely continue until the hype settled down.

It's just like the ICO craze of 2017. Back then, there were times when it seemed like any new offering sold out almost instantly, regardless of whether or not the project was any good. It's the same now with DeFi. There are a lot of people who are willing to buy anything at all that says DeFi, the impression is that it's an all-but-guaranteed route to huge profits, when that's obviously not really the case. Basically it's unscrupulous people taking advantage of the huge FOMO surrounding DeFi at the moment.

Defi is the fashion of 2020 in cryptocurrency and it is obvious that as you see some good brands come in some fake one come too, to abuse the name of Defi and get some money by scams when everyone is excited about Defi, especially Newbies, The best way to avoid Defi scam is to follow famous influencers on youtube and for bounties, just join to bounties running by good bounty managers.

i agree with you especially the No.2, the anonymity part is surprising because i really don't see why there is a need for it if they have nothing to hide but you know people go with the trend and the current trend now is defi, anonymous or not everyone wants a piece of the pie, in other words, some of the project are just for temporary gains, not for long term investors, earn while it is hot ;D

This is nothing different from last year trend, you were here when IEO was making waves in different crypto communities, where project get pump with 500% - 800%, its not different from DeFi trend as well.

You either you get paid for your Job or not, there are other successful DeFi Bounties I have seen and majority turned out to scam. This why everyone should avoid working for junior members, they don't have built reputation in the forum.
The best can also do is to avoid participating on them.


Most of these projects are base on trial, team don't want any unforeseen circumstances to affect them in the future.


Only a simp will waste money on projects that want to raise hardcap of 7 ETH, I have seen many but there as some that worth the try.

agree with all points, it is a matter of common sense to see that all new projects want to succeed on the track of DeFi hype and Uniswap airdrop

and there is a one important thing that is underrated in Uniswap airdrop, and that is that, while all users and community received valuable airdrop, a very large part of that one goes to creators and developers of Uniswap, that could be considered millionaires now, and all other owners/creators/developers want to repeat that one

I Agree with that observation Mate if you check those so-called Defi projects and their bounty campaigns in the Altcoin Section you already notice that it was just 1 or 2 weeks duration and mostly paid in Ether, for me that was too good to be true set up thats why you can rarely see any high ranking forum members that we're joining with those campaigns.

If you know what real products looks like you will easily evade scam DeFi projects.

1. Stay away from projects that was built within short period of time, real projects takes time to complete and they are never rushed.

2. Don't promote DeFi projects that are just decentralized base only with no other use case, for example DeFi exchanges are better than ordinary DeFi projects, another example is chainlink or dia that are data based DeFi project, they introduce Oracle

Currently defi is like a wind of heaven that can double your investment in Crypto, in no time. so don't be surprised there will be a lot of fraud going on there. the higher the benefits, the greater the risk that is in it.

99 percent maybe too much. 80 percent should be enough to stay away from it.  ;D

Because it is the new hype.
Some do, and some don't. They are trying to be like Satoshi.
Oh! That's one good point.
Mimic. Well, ain't it all already a mimic of the ICO projects. They are just repeating it.
First rule. DYOR.

defi projects are now becoming popular and not necessarily all defi projects are profitable like the bounty thing i see more defi bounty very much
and many also just cheat on bounty hunters be more careful before joining the bounty, Maybe for now best bounty DEGO and you can join in there

It should not around 99% but it must be less than it and the only legit bounty from the defi project was the dego finance bounty as the token has already traded on the MXC and uniswap. The rest have a very big chance to be the next scam bounties.
People must pay a lot of attention to how too choose the right project.

At least that percentage must be re-corrected again as it's not all defi bounty was scam and we must also talk based on the reality and data.

Yes, I agree with you, it looks like a lot of people who make the Defi project and give very sweet offers to attract all investors into their project after they get the benefit of everyone who invested in it then they disappear and just leave, or they give very long time to list their coin on the exchange, after that the price looks bad there and without everyone knowing, they didn't improve the market situation for their coin and they just left after getting huge profit from all investors.

The chances of finding a promising bounty project now is very low, most new bounties are riding DeFi craze only and they are useless , presently I'm promoting lattice project because is a real new crypto exchange project and also DeFi too, the team are fully transparency, all other projects aren't up to my taste but bounties are full of surprises some times, not so great projects can bring bounty hunters big rewards.

Why can DEGO's Bounty be the best this year? Does the project have good collaborative partners and have very good developments this year? because I don't know much about the project myself.

That's all because of the current trend, when the trend last year was all about IEO, you can see most of the bounties appeared in the bounty section was IEO and most of them turned out to be a scam. Thankfully, unlike before, now we have some people who quickly post every potential scam in the Scams Accusation board where you will find some information about some scam attempt of some new bounty that appeared in the bounty section. Now because of this Defi trend, we are seeing bounties that are related to Defi which we don't really know if they really a real project or not. It's better to check first the Scams Accusation board before joining any bounty to prevent your time to be waste if you are new to this kind of job. you can go here to check: https://bitcointalk.org/index.php?board=83.0

Defi became very popular in the last weeks and months, therefore there are a lot of imposters that want to board the the defi hype train with their own defi clone project.
Then some of those make a bounty and promise you like 500k$ worth of XX token in the bounty, but those 500k number is just based on a completely unrealistic valuation of their project.
Then most of those projects never make it to an exchange and all bounty hunters get nothign for their work.

1. It's because as of now, it's popular and a lot of people are investing in DeFi projects, so they probably also want to join the hype
2. To remain inaccessible, especially when they have successfully carried out their plan on tricking people.
3. I agree with you OP, because some of it contains apparent mistakes, like grammar and spelling. Though there are some fake websites that copy the content of a legitimate website, to the point that you won't mistake it as a fake one because it includes all the details of the real website.
4. That's not new, and it will not disappear as long as plenty of people are interested and the reputation of some Defi is improving. They don't care if they are all using the same tactics because what matters to them is the possible profit. So, if you have an idea about the dissimilarity between a real and fake project, then you can clearly identify which one to invest. In addition, we can't just go with the flow with the trend; we need to examine everything.

Suddenly almost all new project now are on decentralize finance, even those with no objectives and purpose also claims to be defi,
-anonymous team,
-no white paper,
-website very limited information,
-road map is very shot yet they claim to be defi, how do you present yourself as decentralize finance project when you hide much vital information!... in fact, the most vital information which is team profile information, if this information is hidden from the public it means you are not operating on a transparent level, which automatically signal a red flag to the project, well, enough have been said about all the upcoming defi project so i am sure people will do their due diligent.

Even if you don't have a proof nothing will think it's not true because I can feel it too that 99 percent of the DeFi project are scam.

It's like the ICO craze in 2017. Now DeFi project is the trend and of course scammers want to use this trend to scam.

No information because some of the investors still invest even without information about team. But not all DeFi project that have information is not scam some of them is using fake information.

Some of their website even if rushed their website created nicely. So don't base on the design, base on your own research about the project.

Uniswap because of the airdrops of UNI they want to use this to attract more bounty hunters

Domains are also just recently registered for most of the projects that you are talking about which clearly indicates that these projects were built in a hurry and are only there for the scamming purposes and we won't be getting anything decent in return for the hard work that we would be doing in promoting these bounties, so it will be better for us to shift our time and energy towards other projects that are going to give us good and promising return not just smoke and mirrors that most of these projects are offering right now.

They want a free promotion that's why they are promising unrealistic price of thier own created tokens . People that want to follow the hype will join that bounty thinking that they will be lucky if the project they are promoting is became successful but in reality they are only being use by greedy developer that only want to earn money .

Let see what will happen when this event is not popular anymore, the DeFi project who just take a chance the situation will eventually end in zero value. Because at this situation we never know the real and the scam project, the bounty hunter just promote the bounty project blindly. Seem like this was happened in 2017 ago where the ICO's event getting popular. I heard some of my friend who got $2000 for one months pariode and for one project.

You are absolutely right. Rather I would say that 99% of projects are always scam in the altcoin bounty section.

Because these scammers want to make money by taking advantage of it.

Earlier many projects used fake team information, But right now I have seen many DeFi projects which do not have a team page on their website. Moreover, people invest in such projects and expect good profits.

Of course, there are some good projects here as well, as you have also given the names of some projects.

Because Defi is the trend of 2020, many Defi projects appear and have created success so projects will appear continuously.
Don't invest in a project without team information, it's easy to be fooled.
I agree, many projects appear so quickly and unprofessionally they are just trying to capitalize on the Defi trend.

Can't agree more. It is very tempting though to participate in all these DeFi-related bounties as we cannot identify which of these project will last long. Even in airdrops right now, like 95% of the airdrop offers are related to DeFi. A lot of my friends have been participating hoping to get some nice profit. I on the other hand have become too lazy to participate airdrops.

He was not saying that if dego was the best defi bounty campaign this year but in fact that he might wanna say if dego was the best defi bounty at this moment. The best bounty for this year should be DIA.

The project is still a new project and it doesn't have a lot of collaborations or even partnerships.
It looks like he was seeing it based on the how dego has already added into the good exchange site and it has very good volume at this moment.

Yeap, There are tons of DeFi bounty for now (Really much) And looks like most of them are scam, I'm basically still join some bounty with DeFi concept but doing deep research before that. Well it's just some hype, Let's wait till it become mainstream.

What is the meaning of "best bounty"? If you consider the bounty with the most income in the amount of BTC, then believe me there is something greater than the bounty income in the DIA Bounty Campaign. It's just that they don't want to publish something that isn't profitable.
Bounty is about how to support the project, not about how to make money. Think of it as a bonus that you can get when contributing to the network, but if you know the ins and outs of the project in detail, and you are very sure that the project has great potential that will facilitate human work, then you are the best bounty participant and the manager is the best bounty manager.

I agree with you nowadays many defi projects are coming in the market just because there is a craze of defi almost 90% of the project are scam and some of them have no real life solution some projects are in the market for accumulating cryptocurrency from the users I think we should do deeply research on projects before investing on them so atleast we can keep our money safe

Agreed, majority of those new bounty projects are here to cut their own half of the cake, DeFi is making waves and no one wants to be left out, still it's a must for bounty hunters to choose projects wisely, it's not new that most new bounty projects are scam, you have to do your own research on them first before promoting any project.

i read this over and over because it confuses me .whats dego ? i dont even know this coin , how can it be the best ? ah maybe its the latest coin . it can be the best by this time only except if it continues its good momentum

maybe for this month/quarter . you cant say year because year hasnt ended yet and there could be projects that can show thier best and what if they overlap dia in terms of overall performance  .  thats we dont know for now

now no one wants to miss this moment and try their luck to get a large amount of money from the DeFi project
This is what I have to emphasize, that we cannot judge a scam project before the project runs, but right now what is becoming lazy is that most DeFi developers are anonymous

Isn't that applicable to other bounties, not just DeFi ones?

Bounty hunters need to take the risk of working in vain. If the projects can actually create value for the tokens the rewards are generally quite hefty. In summary, it is a high risk >> high reward trade of your time. 
Each one of us should measure their time and finances and decide whether participating in this kind of campaigns is worth it or not.

When a project gets hyped the clones of such projects will be launched especially in the bounties section but still there are hunters are ready to promote any project no matter what kind of project it is.The scammers will be there as long as people are ready to get scammed.

It is just the hot new trend and that is why we are seeing more and more new defi projects and even in bounties section there are a lot of defi campaigns. As a bounty participant all we can do is select the best although there is no guarantee of success but still i hope most projects will perform well while i know there have been plain scam campaigns listed as well.

I underlined point number 4.
I just found out that there are absolutely no rules on Uniswap. Any coins can be sold on Uniswap, including scam coins.

Defi coins also emerge from uniswap with the lowest prices for investor bait.

If you feel that a bounty campaign is promoting a fake project and you know the red signals then i think it will be wise to open a separate thread for that and post all such projects and campaigns there.
Because this way community will become careful and stop promoting such projects. I was also thinking about so many similar named projects which never sound legit.

I'm not totally agreeing with you about 99% scammed projects releases, it may be a lower than that saying 95%, maybe it was fair to hear. I know that many were just turn into a scam but that is not the case when they are making it. Some did their best to make their project succeed but it was unfortunate to see that investors making their right decision not to consider them.
Actually, scam projects ruining crypto already and it holds investors to give their trust that is why only a few projects just succeed while many will sadly turn into nothing.

You are definitely right i totally agree with what you said.Most of the defi-bounties are scams project without an actual team some of those defi-bounties don't even have a standard whitepaper.I participated in two of those bounties and all of them are scams .The best thing to do is to make research about a project before promoting it.

The most crazy thing is that most projects and camoaigns lack even basic information like detailed roadmap, whitepaper and team details. As a promoter myself i know that there are risks involved with each project and campaign but atleast we should select the better projects to promote in my ooinion.

Being lucky is the only requirement for payment from DEFI bounty campaigns because it doesn't make sense to join the bounty that has no background. That sections should be monitored closely for finding the scam projects and empty promises, newbies fall their promises easily.  The crazy amounts are not affordable by reasonable projects and teams never approve such marketing budget if they have long term plans.

Bounties is just a bonus kind of thing but yes hunters should be careful while choosing the campaign and only serious and quality projects should be promoted while low quality projects should be avoided at all costs.

Bounty hunters try to participate in as many bounties as possible in the hope that paying for multiple projects can compensate them for the work they have done. This strategy was tested when there was a hype around the ICO and bounties brought high income.

You can already see a lot of scam accusations towards these DeFi projects. Just head to scam accusations board - https://bitcointalk.org/index.php?board=83.0
Most latest scam threads come from DeFi projects - fake team, plagiarized whitepaper, and so on. So if you are a bounty hunter, check if the project is at least solid. Because most of them are really worthless tokens.

Bounty Hunters should learn from scammy projects brought by ICO after the 2017 ATH, were many ICO bounties didn't pay their participants. It's long gone that hunter will be able to be paid like what is given in before the ATH. Bitcoin price is way too high now so don't expect a huge amount alloted for bounties it's better to join weekly paid bounties or campaign now that waste time joining bounties that may continuously extend the campaign without guarantee of Payment. We should choose our work and time wisely.

The same scam repeating again, it is the process of repeating the old scam in a new bottle and take advantage of the hype. Everyone needs to be smart about these anonymous projects and fake teams and with the hype hitting the roof expect more.

 As mentioned same weak scammers with basic web design skills and taking on the hype to scam people, stay away from these.
 

Research in the sense you need to talk to the developers and come to a conclusion rather than going after reviews  and if you can do that and if you think you can trust them then you can carry on with it, if not it is better to stay away from these.

I don't blame people for thinking that DeFi projects in the bounty section are scams, because in fact most of them are not well prepared,
most of the teams that make DeFi projects do not have a track record to trust. Therefore, it is highly doubtful that the DeFi projects in
the bounty section will be profitable for bounty hunters.

Is it normal thought? Or seems like spreading FUDs?  :D
If you still can't get the valid source or no own research yet, you shouldn't claim with the exact number like 99%. I agree that many DeFi projects turned to scams, but claiming there were already 99% from 100% Defi projects seems not a wise statement.

Did you know, scammers are definitely taking advantage of the market hysteria, of which DeFi and Uniswap are currently the most popular. So don't be surprised if a lot of "half-baked" projects have sprung up with DeFi themes, claiming to be based on uniswap. The scammers are looking for investors / bounty hunters / crypto enthusiasts who are panicking because they missed their previous train, and those who want to get instant profits without thinking. So, we have to be smart, don't join the project just because we claim to be DeFi or cooperate with Uniswap, we have to keep doing in-depth analysis so we don't get caught in fraud.
this pattern is the same as the popular ico in 2017s

Just a make thorough research to avoid being scammed in the De-Fis bounties, there are many of those projects out there whose sole aim is to capitalize on the hype and scam bounty hunters and investors who didn't do underground check before participating and investing in those projects.
Although some bounty hunters don't a choice especially newbies they always participate in every bounty campaign especially the social media irrespective of whether the project is scam or not.

Is not it too much to generalize almost 100% defi bounties were scam? I think that we can't judge it easily. There are also trusted defi bounties that have already ended recently too. The scam bounties will always come from the anonymous team.

We must also see the fundamental of the project. The new defi bounty has no good fundamental and that means it's very risky for the participants to join in such campaign.
We can't judge them from our perspective.

I also have the same opinion with you, and this is not the first time.
when cryptocurrency comes new hype, usually there will be a lot of scammers that appear, like for example IEO, when the IEO hype is huge there are lots of new projects that make IEO exchanges, and in the end the project is a scam.
crypto enthusiasts should understand this and not easily believe a new project about DeFi that follows the market hype.

I agree with you, there are loads of scam DeFi projects that are currently taking advantage of the DeFi hype, and one of the ways for them to promote their scam is a reward campaign. It's better to be careful while choosing a project because if we don't then, not only we won't get paid but, we might have also led some investors towards a scam.

Actually I agree. The only legit project I could say for now is dia campaign which was promoted by BubbleAlex, but also there is a new campaign worth joining on defi related.

Found out about this KittieFight. The project seems to have potential. On my researched they did, enlisted on cmc and has a good partnership.

https://coinmarketcap.com/headlines/news/defi-lending-platforms/

https://twitter.com/2keyNetwork/status/1310974709534789632?s=19

Seems interesting. Since they involve cryptokittie game, yieldfarming, lending and much more featured.

Actually this is not new. In past, etherdelta (and later forkdelta) had identical rules as Uniswap. Trade whatever you want. All they care is just their commission. Dont know why there is so much hype with Uniswap. Etherdelta offered the same years ago, but did not push ethereum transaction fees to the moon.

In this life any good thing always have the fake one and defi coins are not different. The idea of a decentralized finance is what matter. Human being will always like to do the bad part but few defi bounty that are good should be appreciated. The fault is not from the coins but those that used them to scam others.

Yes, in this case we have to be able to sort out the good and the bad, because basically DeFi and some real bounties are good, it's just that some people take this opportunity to make fake bounties on behalf of the trending DeFi system.

Many projects move now to DeFi, because it`s just popular and there is no any technological DeFi background behind these projects. Participation in bounties of such project is very dangerous because of 2 things. First of all it`s very low chance that you will receive yourpayment. And scond one is that you promote half-scam projects. 

Defi projects are hype and are actually earning like uniswap defi project which is relatively good like earning from swapping your coins in that platform. It seems like that uniswap has its own reward system that the better or bigger amount you swap the higher returns from them also you will get. This one good reason that uniswap gets that hype. Defi projects had been reported good too in the market after its get listed and more upcoming defi projects with promising and high chance of success will be compared to ICO projects.

There's always people who will try to take advantage especially those scammers who are good in riding with the trends.



In most instances, people see the bad sides and forget about those little portions of good sides of it.


That's why it's very important to do your part in doing your research to avoid participating with scam projects.

These scammers wanted to ride on the DeFi hype considering most investors now are looking forward to DeFi. Most of these guys just changed from some coin to DeFi, and that definitely is a red flag, their intent is obvious.

Isn't exactly that the point of a decentralized exchange? People are weird... When Binance asks "gazillion" dollars to list some coin, people complain that all they want is to make money. And now when there is Uniswap where anyone can sell their tokens, again it's no good because - anyone can sell their tokens, including scam tokens. Well, don't just throw your money into the next moon token. Do some research before you invest. Or at least search CoinGecko for that token and open markets tab. There you will find the right URL where you can buy that token and not some scam copy.

And no, EtherDelta didn't offer the same thing years ago. They didn't offer people to put their crypto into liquidity pools and earn comission. They did care only about their trading fee while Uniswap gives that trading fee to liquidity providers. Sorry, but I think that Uniswap is by far better than EtherDelta (and ForkDelta) was. I wouldn't even put them in the same sentence.

There is no lies in what you are saying, some people regardless of what you say to them are still going to be rushing into DeFi projects because they want to make money. Some of them saw how some of these projects bubbled and investors made lots of money, so they don’t have the time to look into the projects they see, they are just rushing it and trying to get money. But at the end of everything they might end up being scammed.

Investing in the cryptocurrency market is a very risky thing. And for the fact that most of the teams don’t reveal their identity in the name of being a DeFi is the annoying part of it. It’s mostly a team that has the intention to scam people that are worried about their identity.

There are many individuals who are happy to purchase anything at all that says DeFi, the impression is that it's an everything except ensured course to gigantic benefits, when that is clearly not generally the situation. Fundamentally it's corrupt individuals exploiting the tremendous FOMO encompassing DeFi right now. Most are currently defrauding the financial specialists too by simply making the Twitter record of the first genuine Defi task and attempt to trick blameless speculators through presale and a few impetuses for abundance trackers regarding airdrop and bounties.

lol.. you're not wrong... some investors want quick cashout so they believe any project following the step of uniswap can as well give same result as uniswap but they're wrong

So, you think that there can't or won't be any successful DEXes except Uniswap? I wouldn't say that. Look at how many centralized exchanges there are. Binance, Coinbase, Bitfinex... And all of them offer the same service - crypto exchange. That's why I think that there is a place for few DEXes other than Uniswap that can be successful. The problem is that decentralized exchanges with governance tokens and liquidity pools are relatively new so we will see which ones will succeed.

We should not trust any project easily and we should do our homework to analyze first before you participate on any bounty project, DeFi is on a hype and that’s why many projects are just here to scam us. Usually scam project is just like the other DeFi project the only difference is the additional name on it but don’t be fooled by that, hunters should know the value of their work and as an investor trust only those legit DeFi project.

Even before the rise of Defis, a lot of bounties were scams. It is just that defis are very much getting the popularity and they see that making a project is phenomenal through the investors attention that defis get. The pattern and life cycle of ico bounties to defi bounties are just continuing.
The pump and dump for most defi projects are being applied and no one should be comfortable just because it's a defi project, you don't have to trust it quickly.

One simple reason is that they want to raise a large amount of money but they are afraid of not having enough credibility and the number of people who know the project so they choose to organize a bounty project for people to participate and advertise for free. charge them. Maybe after raising the capital they will shut down the project. I witnessed airdrops before I held an ICO and then they shut down the project as well.
That was just one of the scenarios. We need to identify the risks before joining. I would choose a regular project with a public dev team rather than DEFI with an anonymous team.

Its a very relevant thread especially to very bounty hunters in this forum and that is really true that before joining a bounty campaign make sure that you did several research on your prospect campaign to avoid wasting your efforts and time.

Totally agree. Crypto trading is a very gambling thing and there are really high risks. In real life business there are high risks as well, but in crypto you don't have to deal with taxes and other expenses.

yeah, i don't wanna take part in a bad defi project. at least if I want to participate in it of course with a real DEFi project like the Latiice project. they have a real team and are not anonymous. right now there are a lot of new Defi projects appearing on this forum and I hate to see when a Defi project appears using an old project concept. I mean reviving an old project using the DEFI system as the reason. this kind of project will mislead new users who don't understand what Defi is.

For sure, recently people have started to open up campaigns for xy yield farming projects with different names but with identical bounty structure, which is a huge red flag. But of course there are bright exceptions like DIA, Radix and some others. But then again, yield farming scene is totally irrational, so even if the project is a scam, it may still moon on Uniswap.

Before I engage with these so-called “DeFi bounties”, I usually investigate their website, social media channels and LinkedIn first. I would usually look at the following:

1. Partners
2. Attending virtual conferences or video interviews
3. LinkedIn accounts of each team member
4. Photos of actual team members in social media accounts
5. Reverse image search of each member’s photos
6. Looking up the office address in Google to see if it’s original or being taken by an existing company

I don’t usually trust DeFi projects with anonymous team, because most of them would likely exit scam even if they get listed on Uniswap, TrustSwap, etc.

These points are completely new that I haven't read before and on second thought if I did invest some of my time doing this research then definitely I will be getting better results off my investments as the rest of the points can actually be faked like the team interviews and the profiles can also be brought, but honestly going to such details will be done only by that team that is serious towards the project like having their own physical office n all. Today most of the DeFi projects are having anonymous team members and still people are investing money in those projects without any thought.

There will always be a scam and fake project in this cryptoworld whether is it a DeFi project or whether if not and we cannot really tell it easily but the best way to atleast lessen wasting your effort and time is to do more and more research before joining and participating bounty campaigns.

Yeah, while your observation is right I can ruefully say your statistics is faulty as you don't have any methodological procedure to back up your claim. So, it's fallacious to say 99% when there isn't any computation for that.


This is why it behooves every bounty hunter to always thoroughly check websites of any project before supporting them by enrolling in their bounties. It's sad to note that hunters are always in a rush to get into bounties without doing due diligence and research.

1. Its part of the hype, if you are already here when ICO and IEO were hyped I believe that it is normal to you to see that bounty projects are going to the flow of the current trend.
2. This is a little bit sad right now, as a bounty participants it is a guide for us to know the legitimacy of the project. However, some of the projects are hiding their identity to their customers or clients. Its look like a scam whenever there is anonymity in the project. We all know that showing your identity to public can boost the trust and reliability of the project.
3. Its too obvious that many projects only has their front. Their home-made MVP and non-sense plan in future. They created website just only to show that they are legit. Of course, only ignorant in website and newbies in cryptocurrency will become the victims of these projects.
4. Above all of your thought, I really agree with this point. I saw a lot of project wanted to list in uniswap because when they had been listed in this exchange, their token were hyped by traders. As a result, they can gain a lot of benefits and profits.

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All of the bounties I have seen right now has a tendency to fall under in scam. No bounty is good as what before. This is the reality of bounty nowadays. Either it is scam or it offers a low pool of rewards which at the end is useless.

We must be very careful, because lately scammers are starting to execute the DeFi market very strongly, and at the same time, we must take into account that it becomes very easy to lose your money under these circumstances. In addition, Uniswap only facilitates the activities of fraudulent projects that place their coins there. Therefore, one cannot categorically respond positively to all Bounty companies that advertise their projects using the words DeFi and Uniswap.

I think not only defi cheater project has always existed since then until now including the bounty stick to the establishment prior to joining any bounty
check all of them before joining  so that the work done is not in vain

If you are afraid to lose you should be very careful when investing in defi , this one will became  a home for many scammers since they know that there are many people that also looking to invest in defi project  to take some profit by following the hype then leave .

Scammer will use that opportunity to have thier own actually it's already happening now if you visit bounty section you will found many scam defi project .

99% of the DeFi projects are now scam because scammers move on from IEOs and started migrating to DeFi projects but still investors feeds these beasts that's why they never quit.
These thoughts you mentioned are practically what people should look out though. Regardless of the trend of the projects, there will always be those scums trying to scam.

Well, you have stated right and true facts about defi projects and its influx of defi bounties on the forum; but for some reasons best known to you, you have avoided to talk about the benefits of defi bounties.

Most defi bounties rewards participants in tron (trx) token and most are usually 30$ and above. It is up to every bounty participant to choose their choice of bounty; and also unto all investors to research and decide if its worth investing.

Even though there used to be a lot of ICO rating websites then also there used to be many scams related to ICO at that time, the same is also happening now where we have to choose in between the legit DeFi projects and the fake ones and we don't have the right platforms to filter out the scam projects. I guess we shouldn't invest in the DeFi projects that that aren't having a good community support as most of the times community does make the right choice.

I don't think all DeFi projects do that, if you want to try to get a lot of profit from the DeFi project then you have to be smart in choosing the platform and project that is developed so that you will avoid a scam project.

And sadly, a lot of them are scam. If you happen to join one of these DeFi bounties and got your share, I think the smart move is to sell it as fast as you can and never look back. As I have the feeling that more than 90% of these DeFis will not be here for the next 6 months. As everyone is trying to get their market share and riding while this hype is still hot, a lot of these buyers will be screwed.

The scamsters are just trying to use something which is trending to lure novice investors and they are advertising for free in bounty section. As bounty hunters we have a responsibility to stay away from promoting  any possible scams if we are aware of it.

About the team staying anonymous for Defi projects , it's a tricky question. One hand you can argue that true decentralization doesn't need team visibility but on a investor point of view I would be afraid to put money in a place when I don't know where the money is going. As for now I am not into projects where teams are anonymous but that may change with better evolution of governance protocols.

I also think that 90 percent are scammers. You need to be very vigilant when choosing a project for investment. I think that there are many great projects where you can invest and what I am doing. Scammers don't sleep. They have always been, are and will be!

More scamming defi bounty here and everyday coming new. Don't spend your time in scam bounty then you'll never received anything from there. Do you know man DRK Defi already a scam project then why you promote it? You can read this topic about scamming announced DRK Defi project.
DRK Defi scam announced (https://bitcointalk.org/index.php?topic=5277113)

It is not about investing but about taking part in the bounty program of several DeFi project. As usual, the number of DeFi project is increasing as this is a new trend after IEO. Also because of this the number of scam project will continue to grow as people are very interested in DeFi these day. Some of this look legitimate and 95% in my opinion doesn't benefit anyone, including bounty hunter. Forcing yourself to join blindly will only be a waste of time and not profitable, so analyze your best before deciding to join.

Regulation is not something in crypto that we love too much, especially when it comes to bitcoin we want it to be out of governments hands and into the people which means regulations on bitcoin will make it harder to go up so we do not want it, just make it legal and be done with it, that is all we need from governments and nothing more.

However one more thing is important here, ICO and STO and IEO didn't had regulations neither and some of them went high, defi doesn't have regulations and some of them went high as well, which means just because it doesn't have regulation it will not go up, that is not the case, some of them do not have regulations and still manage to go up, there are other stuff you could check to see if the bounty is real or not aside from regulations.

Scam is not something that regular people make, it is people who accept the fact that they are doing something illegal and the sad part is most of them do not get caught or face jail time because of it, so doing it is easier than doing a real life scam.

If you scam someone face to face in real life that would cause you to go to jail, they will somehow find you and sue you and you will go to jail because of it, but when you do that in crypto world they do not give their real names and even if they do you are online and in another nation and if you are in the same nation it is crypto so it is difficult. There is a ton of reasons why you couldn't do this, which is why scams on crypto world is easier and that is why they are the most common reason why they do it.

not all project defi is a scam. Some do their best to make their project a success but it is unfortunate to see that investors made the right decision not to consider it. In fact, fraudulent projects have corrupted crypto and held back investors from giving their trust, which is why only a few projects are successful while many will sadly be nothing.

On the other hand, the Defi Yland bounty project at that time only lasted 1 week and participants got big prizes. Imagine 1 week wrote only 1 Articel and made $ 600. I missed a party, I was only part of twitter and was lucky to get 1 yland: 1 ETH.

you are absolutely right with all you've said bro, infact, you said my mind, 99.9 of all this Defi projects are complete scam except for a few, ive leant over time and now, am always very selective of the campaign I choose to join, i aways research very well before I decide, and this is what I urge every one to always do, scams in crypto has become a major concern for almost everyone, i would dare say that 100 percent of all alrdrops currently running on telegram are total scam, i just pray that all this stop or atleast reduce to the nearest minimum or else, it might become a major concern in the future

Well that is completely true most of the current Defi bounties are scams .Some do not even have a complete white paper about the project and in some cases most of the team members are not known while in some the team members are fake.People have to be careful in choosing Defi project because many of them are scams nowadays.

The hysteria of DeFi is used by scammers to trick investors who are not conscientious, rushed, fomo, and just want instant profits. I've even found a project that claims DeFi uses an old twitter account that has been used to join airdrops for other projects, even if the post hasn't been deleted, it's ridiculous. Make sure you don't FOMo, and do in-depth analysis, check out social media and websites. do not be hooked on instant profits, keep your assets as possible.
My advice, if you want to join the DeFi project, check the supporting partners, make sure it's official, for example pancakes supported by Binance

As practice shows, DeFi projects do not need advertising too much. Even bizarre-named coins, created for fun, are gaining a capitalization of several thousand dollars out of nowhere.
As in the past, very few good projects will resort to bounty services, which is why most of ANY bounties, including DeFi , will be very dubious. But this does not mean that we cannot be lucky to meet a good project. As usual, 2 out of 100.

Obviously scammers are going where the money and the hype is, it's a fact now scammers have invaded DeFi, and it's investors fault if they did not do enough research and scrutinize projects that they are interested to invest, right now this early people have lost a lot of money because of these scam DeFi.

As happened in ICO, the same scenario will be repeated again with deFi, but deFi projects will be more dangerous because scam projects will exploit the concept of decentralized financing to deceive investors and they will hide the team behind the project, I think after several months from now, having an honest project will be like searching in a maze, due to the large number of projects that will exploit the name of the deFi system.

I am glad that most part of defi hype is over and now non serious projects will be completely wiped out of the market and this was suggested by all experienced members even during massive hype and trend of defi where fake projecgs were making easy free money because people were in fomo and chasing every new project without even reading about it. From now on only quality will matter and only top projects will be able to sustain.

as we can see nowadays Defi has become very popular in the last few weeks and months, therefore there are a lot of con artists who want to ride the defi hype train with their own defi clone project. or turn on an old project using the Defi system. but if you are interested in Defi, my advice is always to be careful.

We know the drills here. whenever there is a hype or any bubble , the scammers utilizes the opportunity to create projects that are similar to the hype. what hunters are concerned are for the projects to pay at the end. we know projects that are real and are focus on what they are working on Not scammers looking for free money and when it fails, the exitscammed.

Most of the defi-bounties are scam projects without actual teams, some of them don't even have standard whitepapers. I previously tried to participate in two of those bounties and all of them were scams. The best thing to do is to do research on a project before promoting it.

The only Defi project that I have gotten my time, investment and attention is captainbitcoin. No ICO or bounty conducted yet, don't think they'll ever conduct any. They have 100k users on their platform within 3months. It's the fast rising defi project ever. Just watch and earn token

I'm done with joining bounties that runs too long without guarantee of being paid. It all happens way back in ICO and still believe that it's possible in DeFi. If the bounty payment is already alloted or escrowed it can be good but waiting too long and some chance of making the bounty continue after the set date then its somehow unjust for the hunters. Better find weekly campaigns that are paying even in small amount than waste time in bounties unless it is indeed a good project that we really want to invest with.

DiFi bounty is 99% fake or scam. I joined the bounty at about 8. But Not a single payment.

Now it's like the DeFi project era because there have been so many lately, so now we have to do more research before participating in a project, because many scam projects are looking for opportunities nowadays.

The reason why we should choose carefully on every project that we would participate.
Don't just rush in because they said that they are DeFi project learn to check if they have potential to gain investor to continue their project.

Your are right, but some project are paying token to bounty hunter. I got yLand token from their bounty.

1. Because now, of course, all projects take advantage of it
2. yes because they copied a lot of previous defi projects that didn't have clear information
3. They are in a hurry because they don't want to miss the hype, especially scammers :D

I think all projects can have an indication of a scam, it's just that maybe it's not the time yet because the DeFi project is the same as when many people enjoyed the ICO project, so I think I have to be vigilant when wanting to invest or buy any coins.

These days in crypto industry defi is more trending than any other concept and almost every project owner wants to take advantage with this time and scammers are also taking advantage in the name of defi that's why they're launching many scam projects which looks attractive with defi concept only our deep investigation for any project can protect us, we must take steps very carefully.

mostly new Defi project comes after when Uniswap Airdroped 400 UNI And this will change the entire industry. new people think it's easy to make money from bounty and airdrops and new scam project will get benefit from it by launching there own Defi projects. They know people will join easily because of Defi Trend. And uniswap listing is also free. so they will do that easily.
but I think real defi project will not launch bounty,intead of they do the private sale and list there token.

I agree with the concerns of other in this thread, but there is still a chance to score big when it comes to DeFi bounty campaigns. Just remember the DIA campaign, then the campaign of DEGO finance that is ending today, or the Radix one that will end this week and I am probably forgetting some more. So you just have to be very selective with them like always.

This summer, DeFi tokens showed growth by hundreds and thousands of percent, but now the DeFi market is in the stage of correction. Many projects received high marks, their capitalization reached a billion dollars, but then fell down. Many DeFi players seem to be waiting for the stock markets to unfold, the outcome of the US presidential election, and the Fed's decisions. Some are not convinced that now is a good time to start watching when the DeFi market hits the bottom.

Of course now the number of scam projects is high and as new hype they are gaining this opportunity from defi. Although there are many good bounty still progress so you can participate. You have to keep in mind that scam schemes will always try to take advantage and there are a huge number of them so it is important to have your own search.

Yes and you can see most of them are short-term projects and someone is running those projects individually. Thats mans maybe someone just trying to grab some money. I avoided most of those projects except some projects that look pretty unique and legit to me. DIA, Oikos, and Lattice are some good examples of some good DeFi projects so far.

Every time that there are new trend scammers is always there checking and want to take other people money by following the trend same thing with other crowdfunding from before . If they don't have any team details I don't think we should trust that money it's too obvious what they really want if they want to hide that important information . I am just amazed how that scammers always ready to use their own money as capital before making scam project . They are even preferred to pay participants with popular coins such as bnb trx and usdt .

Scammers also follow trends to trick someone easily. that's why many DeFi bounties are scam at this time. because with the bounty, scammers can promote their project for free to find stupid investors. That is the importance of crypto education like in this forum, both investors and bounty hunters.

As I know before DeFi trend, IEO is also many scam projects.

Almost all DeFi bounties are scam and there are some DeFi projects with very limited max supply, they look very suspicious, do not invest money on such projects, safe yourselves from scammers and invest on better projects, promote only very good projects with teams that aren't anonymous and experts in blockchain field only

why would they get bored? I participated in LARP and they were able to gather 400 ETH by using a free eth contract coder. Lots of degen in this space that are always willing to risk their hard earned money for a quick flip.

Lately, I have also noticed that these projects are being developed on a Uniswap basis.  Yes, it is true that their team is basically as active but their identity remains hidden.

I quite agree with you based on the 99% you mentioned but I guess we still have that 1% that is not a scam, I knew of a Defi project that conducted a bounty campaign and paid the reward just a day after the end of the campaign, the team of the project is still working hard to bring more development to the project. Many Defi projects appeared to be a scam but we still have some that are real.

Due to the recent popularity, many individuals who take advantage of making defi-based projects but without clarity, many of them commit fraud,And many bounties cannot be sold. They only make bounties to enlarge the community.

Quite right, now scammers create a lot of cryptocurrency companies that are associated with defi sphere and they need to somehow promote their scam projects and therefore they come on this forum and create bounty companies and when you look at their projects, there is simply nothing there and you immediately realize that these companies are scams, so you must always be very careful.

1. Why are almost all bounties released today DeFi projects?
Cause most of these scam/non-genuine project just wanted to drain money and run
Since DEFI is on fire, most people "gamble" on it

2. Most of these projects have no information about team
It allows easy rug pull and save their life

3. Majority of them are rushed, you can judge merely looking at website domain and designs
Thus, always keep track to see if the project is really genuine on building instead of just a protocol that is ready to exit

4. There are some that based on Uniswap wannabes
Definitely, Uniswap charges a 0.3% fee, anyone who actually make a good UI, lower fees can actually compete
But WHO can do so, we will see in the long run

Unfortunately, that's true, even some good bounty managers have been doing it and some got negative feedback for it , I remember Blockeye was a good bounty manager until he/she got scammed by one of this bounties and got negative feedback now I'm carrying a signature running by Hhampuz, hope it doesn't turn scam at the end!

That sounds scary, I'm currently promoting JACS from Hhampuz and to say the truth the project isn't as good as other few projects I promoted this year but Hhampuz as the bounty manager gives me the confidence, I do hope it worth the effort.

DeFi projects are presently getting out of hand, very soon it will end up just like ICO projects, con artists are taking every bit of advantages they can to lure and deceive investors.

Yes, initially i was also attracted to a lot of new defi projects and campaigns but unfortunately most of them ended up being exit scams or the team rug pulled after receiving the funds in a fake tokensale so they are just taking advantage of the uniswap and decentralized ecosystem i hope measures would be taken to stop fake and scam projects.

You are not far from the truth, that is just the whole truth. From my own opinion, I think the reason why most people rush all the DeFi bounties without bothering about checking how true they are is because of the DeFi hype. The current trend now is Defi and since that has lead to massive growth recently, people now see DeFi projects as the best even though the team are anonymous and might have nothing to offer. To add to it, once Uniswap listing is confirmed, no one cares about due diligence but to participate and get their own share.
Just like you indicated, there is no doubt, there are good DeFi projects but one should be careful of the majority out there which are only using DeFi hype etc to achieve their aims of satisfying themselves.

Because of defi hyip scammers  doing this. They always try to scam with trendy topics. Actually the same situation was in 2017.  That time ICO was over hyped and scammers took the chance. Same thing happening right now. Also they don’t reveal the team members information.  They are telling because of decentralization they are doing this. Everyone should be careful about defi.

In any market, scammers will always appear and no one can change this. not only in the cryptocurrency market, scammers become active when a hype occurs, but also in any other market. Therefore, everyone should become professional and stay away from scammers.

our knowledge and experience will help us avoided from scammers. at this moment , while market starting recovery this scammer occur again. they will eyeing our assets or work. only dilligent research could help us did we trapped in scam defi project or not, most of them only survive for couple weeks only.

I think you are so smart,i am totally agree what you say.The reason that so much scam DEFI project i take for this DEFI trend is the biggest factor.Scammers are not stupid,they know to take advantage of DEFI heat.The real DEFI is good,what we can do is opening our eyes and doing extremely research before take part in bounty.

Why they ban members on oikos telegram that ask when is the distribution. And another person send a pic of what the team said about when is the distribution and sadly they also ban him.

Scammers will of course take advantage of the popularity of the DeFi project. as you said, now many projects have ended up being scams. we have to be careful in choosing the projects we support. especially in airdrops, now many people make fake coins that promise they will soon be traded on the DEX exchange.

I absolutely agree with the author of the topic regarding the claims that most new projects are scams. Everything is repeated again. Those who suffered from such scams in 2017-2018 would never invest in these new projects. But it seems that many people learned nothing from those events.

1. Because this is modern now. Like ICOs were 5-3 years ago, the IEO, etc.
2. Because most are copy/paste tries to make some quick money
3. They are rushed because of FOMO.
4. Check 2 :)

Still, there are some decent takeoffs.

I think tha's not true if you say 99%, i saw some of them is legit, but again ofcourse a lot of people that trying to scam will always hiding behind the trends to get attention so they can get chance to scam

Can you name some famous influencer names? Maybe I can follow their advice in choosing a project. Because I can't tell the difference between a scam and legit projects. So I need advice from famous influencers

If you say about defi, isn't it that most of the bounty projects are scams.
So it sounds a little exaggerated when you say it like that.
I am also sure that everyone who has been following the bounty for more than 1 year already knows and understands how to get a bounty that can pay, distinguishing good and bad projects, although not completely accurate but can be calculated and calculated to join.

It's good that you notice it, as you can see the Defi projects are in hype right now that is also the main reason why there are plenty of projects that are popping up from nowhere.

So as a fellow bounty hunter, it will be good if we will be wise in supporting any bounty campaigns and it will be good if we will do some background check also before we will start supporting a certain project.

Most DeFi Project these days are bullshits but you can easily know the real ones as you have said, mainly seeing some project website, you will know its scam. I compare most projects and I look at the bounty manager reputation or check for recommendations before joining. There are Great DeFi bounties out there but more than 90% are scams.
You are saying fact

I know. However, a person's level of intelligence is always different. some people can easily understand when self-taught about the analysis of a project. Meanwhile, I have experienced many losses in investing in a project. no one taught me. all I read from various site sources. Maybe if someone is my guide in analyzing a project. I understand faster.

I've had enough with new projects, my advice is never rely on any, just try your luck with little money you can afford to throw away and as a bounty hunter do some research and hope or pray for luck, every new developers I see are money grabbers, they only rush up their projects to take advantage of newbies

just like when the ICO and IEO goes hype. the scam projects are everywhere. it goes the same way with DeFi now. there are so many projects that have abandoned by the team. they just robbed the investors money.

This is what I thought, Defi is a good concept. Unfortunately, many projects don't seem so serious about building the Defi concept. Which of these raises its own prejudice for crypto members that the Defi project is used by developers who are not serious and just want profit or a scam. From what I saw in the initial appearance of the project, I thought that a scam project that used the Defi concept was easy to identify with.

Most DeFi bounties on this forum presently are scam, they have almost same use case and their treams are non professional developers, I look very well before promoting any project and if I promote a lesser detail project I have my own reason, remember that few projects can have less information but they are big projects just like how Alchemypay bounty looked like in the past, I believe that this is just the beginning of scammers using DeFi projects to fool crypto newbies, we should keep warning new crypto investors

A lot of scamsters have entered in to the field of DeFi, just like what happened in 2018 with the ICOs and 2019 with the IEOs. First of all check whether the soft-cap levels are realistic or not. Most of the time it is not possible to get the real identity of the team, as they remain anonymous. Carefully screen the project and participate only if there are no major red flags.

Most of defi bounty campaigns are scam true, but i think it is not only defi one, but most bounty campaigns are.
Doing bounty campaign nowadays has became uncertain because you won't know for sure they will pay you or not.
For this reason, many honest hunters decide to leave to join campaign and they are replaced by bots and spammers who joined.

With the hype of DeFi projects now it is pretty expected to have bounties starting to appear in the forum. and it's true most of them are not solid DeFi projects. Teams are not visible as what i noticed on their websites and not have much information about them at all. As always joining the bounties must have self discretion and do some research always, not just on DeFi bounties but all type of projects.

most Defi project are scam but The real DEFI is good, what we can do is being careful and doing extremely research before take part in bounty.

I have never taken part of the Defi bounty, but As far as I know The defi bounty that gives participants good prizes is the DIA project,
many participants get $ 500 in this program, I am also very regret it for not being able to take part in this bounty from Bubbalex,
because of the participant limit he made, congratulations on joining

DeFi projects is the new blend to make cryptocurrency into a new and upgraded track. But i think it is not that 99 percent scam. Maybe some DeFi projects tend to be scam in the future but not that high percentage. As some DeFi projects now strts to bloom and developing good, we cannot conclude right away that DeFi projects has 99 percent scam.

Whether they will pay or not I think this kind of issue is not merely occurred at the current time, its already occurs since the ICO era (or maybe earlier). Thats why bounty hunters need to doing his/her own research before participating in any bounty campaign althought it isn't give you 100% guarantee that you will be paid as well, at least you did it by your own efforts and you can learn from it to choose better bounty campaign next time.

Indeed, the fact that the current DeFi trend has made many scammers take advantage of making fake DeFi projects in order to commit fraud.
It is true that if we do the research properly we will definitely find many DeFi projects that are currently releasing scams, so be careful when
choosing DeFi bounties to promote. Do not let us choose the wrong DeFi bounties, then it could put a few weeks of our work promoting DeFi
bounties in vain.

If you look at the scam accusations board in this forum alone, you will find out that a lot of these DeFi projects have existing allegations of plagiarism, fake team and others like running ponzi scheme. Honestly, only few of them have real usage and working platform. Most of them are just copycats of the popular Defis. Definitely, they are just here to grab money from naive buyers. In time, uniswap will be full of dead DeFi tokens.

Most of them are looking for cheap marketing with their shitcoin and mostly they end up not paying By the way XFI never paid anything to hunter Once it picked it vibes it throws  away hunters I will say look for credible managers before joining their bounties and dont join newbie campaign seriously do yourself a favour say far away

Thus, it will be too complicated to differ scam projects from real ones. This is too risky, especially for the cryptomarket newbies. The development cycles of many DeFi projects are very similar: a sharp rise, after which a period of profit-taking begins, with a slow reverse transition into a positive movement. The behavior curve of DeFi coins is similar to a graph that reflects the psychology of market cycles. It makes sense to follow it before investing something in the project.

Fraudsters are also getting smarter at covering up their fakes. They did various tricks to make the project and bounty look promising. I am very grateful that there are many members in this forum who do research and give warnings regarding dubious projects.
It is better if a join bounty is handled by a bounty manager who has experienced handling many successful projects. At least, choose a bounty where the number of participants is limited, this will prevent your work from being wasted because of the low rewards.

Absolutely right. I have participated many DeFi bounties in the last few months but nothing has been paid yet to me. Bounty hunters are hopeless after doing their jobs and DeFi project teams are almost cheaters and frauds. It is very alarming for the bounty hunters who work for few payments but they are mostly cheated by team.

As you have seen over the past time the market has embraced the DeFi trend, which is why new projects are constantly appearing. So what are these new projects for, there will be projects that do the right thing, but there are also projects conceived to deceive people into this market. This is easy to understand because those are projects that are intending to deceive you, if not clear, they can ask them to deposit a stablecoin (if you can convince BM).
I see the activities of those projects going in the form of 'build a project and fomo quickly'. And of course the best way is to find an easy tool to reach many people like the list on uniswap, or simply with the 'name project' + DeFi.

I would rather considered some of them to be overhype rather than being a scam. Most of them are getting listed even though the token price might have fall greatly. The point is that many dev team take advantage of trending topics just as many of them ported into IEO after ICO. Except those one that have clear roadmap and dedicated team, many will die

Twitter record of the first genuine Defi venture and attempt to trick blameless speculators through presale and a few motivations for abundance trackers as far as airdrop and bounties. There are many individuals who are happy to purchase anything at all that says DeFi, the impression is that it's an everything except ensured course to enormous benefits, when that is clearly not generally the situation.

DeFi is the new thing in crypto space today just like how ICO was in 2017, it's certain that scammers will take advantage of the hype surrounding DeFi projects, mind you majority of DeFi projects are scam, we must do research and not get tempted by DeFi returns, they aren't realistic to begin with, imagine make 1200% ROI from DeFi farming

yes, this year can say the year for DEFI. every day lots of new DEFI projects appear on this forum, some of which are successful in the market and some end in Scams. but the big problem is that the developers are starting to bring old projects to life and turn them into DEFI projects. this is very risky for newcomers who have no experience and are rushing to invest in Defi regardless of the risks.

Bounty campaign will run depend which one familiar right now, few week DeFi coin become most favorite investment for many investors and take chance for many ICO developer to make coin have DeFi platform, they will ask to bounty participants to promote their project.
Now DeFi era have left by many investors and will change for bounty hunter to check how does effective if keep joining with DeFi coin because many investors not trust again with DeFi coin, maybe we have looking for new project right now for promoting and better left with DeFi coin.