Bitcoin Forum

The bounty campaign ended just over 9 months ago the token was credited on the bounty hunters account dashboard on Emirex the value then was $ 0.47 cents the token on the bounty hunter's dashboard is locked and  will be released this October 28 after 9 months
https://bit.emirex.com/ieo-announcement-3

Now the price is now trading at $0.18 I have a friend here who had 130 Emirex tokens valued now at $24 down from $49 it was such a long wait for $24, imagine waiting 9 months only to receive $24, this is how disgusting Emirex is, they should have released it much earlier.   

I'm not surprised at how they deliver such bounty. Currently they have only unlocked IEO tokens but the token price has dropped 70% from $ 0.4 to $ 0.1, and has just recovered slightly. I do not know until the next 28th when unlocking the bounty token, how much will your friend receive, maybe just a few dollars.

Thats really long time and there is another bounty from that same bounty manager that is doing the same to hunters. Swapzilla also playing with hunters. They paid hunters in the platform instead of their wallet and if you check the 24-hour trading volume for SWZL token it's almost empty. So We will not get anything from that project right after when buy-sell starts in the Swapzilla platform. We need to hold that token again to have enough volume to sell after this long wait.

It's really sad moment for all the participants of that bounty. That's why I don't like to join those bounty which requires own dashboard wallet or registration on website. Because 80% of them most likely lock the tokens for a long period. So, participants can't do anything only to wait for the Token unlocking and praying for the price not to drop.

This is not the worst situation. Many projects fail or turn out to be a scam. Then the campaign participants get nothing.
I don't know how much work and time your friend spent on obtaining these tokens, but before joining the bounty campaign, he should check the size of the bounty pool and how it will be distributed among participants.
A price drop of 60% - 70% is not a worst-case scenario. From my observations, the price of a very large part of the projects drops by as much as 90% in the first months.
If the project is promising, he should keep the tokens and wait for the project to develop and better times to sell.

Lol I also experience to receive a bounty rewards that you can't even sell and doesn't have value. You still lucky that you get a payment that have a value and you are able  to sell it and exchnage to other currency. that's the risk of being participants of bounty  you will never know when you will be paid or if the tokens you will receive will have value

Welcome to the freelance jobs.

If everyone hoping so much will getting big or rich from bounty, you need to throw out that's thinking almost everyone using bounty as their main jobs. IMO the bounty program years by years already not really worth it, so if you want to get another income from bounty at least you have the main source of income in your real life.

Therefore, before joining a bounty campaign, everyone should thoroughly research the project and try to assess the possibilities of its success.
Unfortunately, most bounty hunters behave like robots and start promoting projects that don't even have the Whitepaper.
I'm not saying that Emirex is a poor project, but I'm sure if bounty hunters spent more time checking the project, there would definitely be less scams and they wouldn't be surprised by the payoff in the end.

very incompatible with what has been done, they waste time, until the time comes, but it turns out to be very disappointing. I hope they will get the reply in kind.
the rest may become learning material for the future so that each project maker should reconsider the promised wages.

keep up the spirit, hopefully tomorrow is better than today :)

Bounty hunters are getting scammed left and right and I don't even feel bad for you guys because you knew what you're getting into.

You just can't believe them when they say that you will get this or that with such and such value. There's always a catch.

Either they don't pay you or they add KYC rules to claim the reward, when you do KYC they say you can't be allowed because your country is not supported or some other stupid explanation and when you finally jump all the hurdles your token won't get listed or it will get listed on some shady exchange, or it wil get listed for cheap, or the dev team will dump their bags right before you get your coins distributed.

thats the risk for become bounty hunters my friend
because there is no guarantee if a project will success
and just like if we want to invest in any crypto, we must doing a deep research before joining any bounty campaign

I shocked when i see emirex price goes down 0.4 to $ 0.1 lol. The value of the token has dropped a lot after unlocked investors token and hunter tokens are still locked. However very sad for me because i have participate in signature bounty but look like 20$ waiting for me.

I saw such projects many times and in the end the bounty hunters only got the rest. even very lucky if they do pay, on the one hand sometimes they don't even pay a penny and this is very disappointing for the project participants themselves. yes, these are all risks of being a project promoter, so I don't think you will be surprised by the case of such a project either

Such a waste of time for $24.  Its not surprising but still the team is not very reasonable by letting them wait for 9 months for their token to be traded.

Teams should have realized in the first place that bounty hunters are like employees for marketing their project, they even deserve a weekly pay for it but they accept the fact that the team only pays the tokens they are creating. $24 can barely buy a stock of food for a week in this pandemic.

If its still locked and the value is lower this is only means that the price decrease is not came from bounty hunters but the project it self failed to develop and the trust given by investors is already gone.

You should expect more dump when they unlocked the tokens and bounty hunters start selling thier share . its unacceptable but we cannot do anything since we are only bounty hunters and we cannot control the price of it and the reward given to us.

if they released it earlier you cant still exchange them because you said they locked it ? but 9 months for a bounty is a long work . common bounty runs 3 months but this bounty was doubled  .

if they join two bounties they never know maybe they can earn times two than what they earn from this bounty but in the end they are still lucky because they have been payed  . they still have a chance that these coins will grow in the future   . 

its early price were higher than its current price , that can be a good sign that the coin have a future  . if they have waited for 9 months without pay , much more waiting for the price to rise because they already have thier coins .

It is so disheartening to see things like this happen to bounty hunters, most of these Devs are not just human because I can't imagine someone that is human yo behave like that. It is high time to be selective as a bounty hunter to avoid things like this.

I was sad when I saw this topic, and the Emirex project disappointed my hopes, after I worked on this project and got 216 coins and waited for that long after they recently wrote in their Telegram group that they will send the coins after they reach the hardcap and in the end I got 21$, this  project gave me a big slap, and I learned a hard lesson from it.

He is still sitting at a decent reward if compared to others because it was a low reward campaign and many have received tokens worth $2 to $5 only so may be they can just wait for the exchange to perform well and be successful so that they can sell them at a higher price.

Such projects are nothing new in the crypto market. Many projects have already come and promised to give a lot but it has been seen that they could not give anything at a later time. Promoting projects by Bounty Hunter and making excuses for their payments may not be a feature of any good project.

So I would say it's nothing but a waste of time, a waste of time waiting for such a small payment.

Yes i should expect something dump move but my opinion failed because big dump. You are true i guess there development failed and many holders leave this platform own token. Right announce bounty token lock till team next jokes so we never expect good amount from Emirex token.

If you can hold your bounty reward and give the project more time to develop and market itself i am sure the value of your reward will increase.
I have not participated in their bounty campaign but i have just checked out the project and as their name says they are basically targetting the emirates or the gulf region for crypto trading or what we can call the arabic zone.
The website and the project looks good to me and i think it will do well overtime.

That's really sad for those participants who wasted their time and effort for this selfish bounty program, it's not a sign of good project to make participants wait like and disappoint like this. There needs to be more stricter rules which should be applied for all the bounty projects to avoid this because they cannot take participant's effort for granted just like that. This needs to be stopped at the earliest else we are not too far from the time when there will be no participants for bounty projects.

I participated in this campaign both in social and signature. Received 103 token. The value of this amount wasn't bad on that time. But now i see my portfolio is only 21$  . I won't surprise if it decreased to 5-10$. All i did for them is just waste of my time.

Maybe their listing or market trading strategy was not good enough to hold the price and create a good trading view. Many projects fail to return what they promise to the community for their wrong steps, inexperienced team management, and weak or not better planning for their market development.

Why feel sorry bro it is part of the game, if hunters are getting something out of it that is fine i am saying this because majority of campaigns still do not pay, they fail to raise enough funds or simply exit scam so in such an atmosphere if you are getting something out of a campaign you should be thankful, if the team has intentionally delayed the reward without any reason then we should definitely shame them but if there tokensale is not over yet then we cannot complain.

I believe those that joined the campaign knew what they are getting into at first, the value could have gone either way, up or down but went down. This just shows hat you need to understand that every decision taken when joining a campaign is very crucial, because some of these projects will fail and even some of these projects won't even pay their hunters, so think very well before joining any campaign

The risk of being a bounty hunter is a waste of energy and a waste of time. Before promoting a project you must be thorough and do research on the project. $20 is still better, many bounties don't even pay off. I think complaining is useless, because this is indeed a risk of becoming a bounty hunter. and I hope don't make Bounty your main job and you must have another source of income, such as trading / investing, etc..

This shows how bounty hunters was treated even after they work hard and support the project even for a long time,

This is really ridiculous but let's accept the fact that bounty hunters will never become the priority. There are also situation worst than this, and this is one of the reasons why it is not good enough to be part of any bounty campaign nowadays, it is either they pay you with small bounty or not actually pay you.

The investors were dumping it and it looks like you have already participated in the first round of emirex campaign right? the result of second round was even bad rather than the result of the first round as the signature participants received only a few emirex in their wallet.

People should not put a lot of their guts into the obvious crap project that will have the bad result.
It's quite difficult to make the price of emirex coin to go back again to the previous price. Investors dump and the leave from the market.

I'm also not sure on October 28th the token will be released. They are sure to keep locking on the token for a longer time. This kind of exchange is very dangerous to use.

What the? Is this time to say goodbye for bounties?

My God, it is really obvious that the bounty is a fraud. 9 months for 20 usd? Haha. I feel upset to the bounties nowadays because no matter how will you did just to comply with the tasks, at the end of the campaign you are the loser. I don`t know but bounties are not good source of income already. Unlike, during 2017, bounties are giving a lot to the hunters. Right now, they want to give few with KYC process. What a joke.

At least there is still value within the token. Unlike other projects in which they distribute the tokens and then no exchange will have them listed. It's a valueless coin that no one would really use. There are many coins, and the market is being flooded with these different types of currencies with the same concept. It's redundant.

The token being frozen is probably a way to secure the value, and not every bounty hunter dump at market price. I think that's the idea. Maybe there is an option in which you are staking it?

For everyone that is complaining about the price, don't you think it's better to have something rather than to have none?

These are unfortunate situation, if these bounties informed about their plans of locking the tokens then we can understand but i have seen bounties where they add these crazy stipulation well after the bounty period is over and a nine month wait is unexpected under any circumstances which means the team is not confident in their project.

oh, c'mon. back in 2017, there are so many bounties project that similar to this. i ever joined the bounties like that twice. they price even drop 50% -60% after ICO and locked it in a year. they were just saved by the bitcoin price that goes bullish back then. this case is a common sight in bounties campaign. bounty hunters must know what risk that they'll face in the future before join some campaign.

In my opinion, Emirex is not ready to release tokens to the public because they do not have enough capital to sustain the exchange rate of their official tokens. If their tokens drop, the exchange users will decrease. The Emirex platform is also not ready, the appearance of their website is still messy. They are campaigning for the exchange as the biggest exchange, in fact they are not able to do that.

Nothing new actually. Recently, I saw one token campaign also, the p2p cash. Before, they were trading like about 200sats up until to about 50 sats. But when the time comes for distribution to its bounty hunters, it went down fast to 5-10 sats. So it goes to show that bounty paid via tokens are really not good anymore. Very rare that a project can perform better even after token distribution. This is unfortunate situation of most bounty hunters.

Their bounty channel is now locked you cannot post anything there now and the admin of that bounty channel is now promoting other projects latest updates coming from Emirex is that they are going to launch a feature similar to DeFi to attract more investors.
They are trying everything to sell their exchange and their token, I remember they started a referral rewards contest and made a lot from that contest, now investors are dumping their token investors are losing trust in this token.

first time? I worked for a bounty campaign 2 years ago and until now I have not been able to withdraw it because the exchange interrupt cannot be accessed. and what's worse, they shut down their social media and I don't know what else to do. can still withdraw at any value, I think it's still a plus.

Bounty hunters will dump the token, because it is fast losing it's value and the exchange is not that popular I don't see any positive sign on why investors should buy this token, unfortunately, after they release the token and there is a dump I'm sure they will blame bounty hunters which should not and never the case because they invested their time and effort here they have the right to sell their share.

each developers have their own decision about token locking , maybe by doing this price will stable or even rising when bounty hunter could not sell their token. but once again its back to project quality, if emirex was good project ofcourse investors will not sell their token cheaply although bounty token distributed. down from 49 to 24 was still better, i am ever see token drop only left 10%


bounty hunter will sell token directly, they didnt think anymore about value because its price already drop alot.

This is not a new things to me actually, I've seen this style in different campaign projects since 2018 up to now.
And the only solution for this is never join in the bounty campaign that will run for more than 3 months, especially if they campaign will
run for more than 3 stages. I guess with this happened into Emirex will become a big a lessons for the bounty hunters anyway.

9 months is a very long time and there is no surprise that the token's price has changed a lot since then. I don't think that the bounty you are talking 'bout is the only one that was so bad, so move on and let it go)

Then pray for some pump or surge, anything can still happen since the token is an exchange token, now that bitcoin is surging its better to collect and hold, you don't want to be left out once bullrun starts, have you ever seen tokens that surge after bounty hunters dumped their shares? DIA is a good example

Bounty campaigns that are too long often don't have good results, their value is very low or a scam while bounty hunters spend a lot of time. The amount allocated to the bounty campaign is very small, it doesn't affect the coin price too much, so it shouldn't be too time-constrained. Emirex is too obnoxious, the total reward for all campaigns is now only a few thousand dollars.

Mostly bounty hunters interest to join bounty when see the rewards allocation is huge and the estimated price that the developer mentioned is high too, hunters should realize the market will influence token price, and when BM state that the token for hunters will lock for long period must be prepared with the possibility like what happened to emirex hunters.

Well... this is how it works. At least in the case of Emirex, they made the payment as promised. Nowadays 90% to 95% of the projects fail and those who participate in their bounty campaigns don't receive any reward. Emirex could have made a part-payment in ETH or BTC, to the bounty hunters after the ICO. I understand that they want to prevent the dumping of tokens. Taking that in to account, both the sides can be kept happy, if a small amount (10% or 20%) of the bounty was paid immediately, after the ICO (in ETH or BTC). Since the amount is not large, it will not burden the project development and at the same time it will keep the bounty hunters happy.

That project has all the qualities of a scam written all over it,  they hard an unending ieo as far as i can remember, they practically tricked their participants to this ridiculous lock procedure, because it seems this part of token being locked for close to a year was not part of the initial rules of the campaign,  they cleverly introduce this nonsense when it was time for them to honour their promises,

Some of the very many ordeals of being a bounty hunter especially  for some useless alts project, they lack the ability to be trustworthy, always looking for a way to cheat hunters, feel sorry for the participants of this campaign, they can only accept what they receive and hope the price will appreciate in near future.

Again the same old excuse of imaginary "dumping" from the bounty hunters. At the most, the bounty hunters receive 1% or 2% of all the tokens. If they are able to crash the exchange rates with this many tokens, then the real issue lies with the project. If the project is a good one, then the exchange rate will not go down if 1% of the total supply is dumped. Also, if the team is so much worried about this, then they should make the payment in BTC rather than handing out the rewards in tokens.

It is a common thing that token's price goes down in such a long time. The team should have unlocked bounty tokens earlier. May be they were trying to prevent the dumping after the bounty token distribution?

I wasn't surprise with this news Its a regular occurrence here, this is how bounty hunters are messed-up, imagine waiting for so long and at the end nothing to show for all the effort and time used in promoting the token, I was once participated in a bounty campaign that took almost two years before the token was listed in an exchange, the price was nothing to write home its was very disappointing, while some people will have the gut to blame this dump in the price on bounty hunters.

Was the duration of the campaign nine months or, he received the tokens after nine months? Waiting really sucks I have participated in a couple of projects which are yet to pay the tokens to their participants. And I have been waiting for over a year.

Whats the reason why they didnt release the token earlier? Bounty hunters can sell it for $0.47 each and if ever its a good price already.

Well its not unusual anymore, some projects also end up scam after months of promoting. Somehow you get a reward compared to other bounty hunters who get nothing at all. Its the risk we have to take if we participate in a new project, there's no assurance how much you can get.

They don't really care about the bounty hunters, only the hunters are giving too much importance for all the campaigns and joining there.Better learn about which projects should be avoided to give them a shock so only good projects will survive.

what I can take from this case is if they don't care about the participants in the bounty campaign then they shouldn't give any response about the unlocking for the tokens owned by the bounty campaign participants, I know this kind of information because I belong to the emirex telegram group so I can know the responses of the admins who provide explanations to the campaign participants.

personally, I also took part in the bounty of this project and got some payments. well, the situation is quite the same as what your friend is currently going through. however, in the crypto world, it happens a lot, and I'm not surprised by it. several other projects, the coin price even down hundreds of percent, while emirex still keeps it not falling far from the price of $ 0.4.

although I am also a little disappointed in this, all we can do is hold the coin when it is open, or hold it for an unknown amount of time, until the price returns to normal or higher.

there is nothing to be sorry about them joining at their own risk. after all this is normal in crypto and there is even worse that is not or the project is a scam.
The bounty hunters are used to this situation.  :D

That is what happens in the crypto market. For the first time, the team sells the token at a normal price, and they applied a discount for the investor who will buy a huge amount of the token. And after the token release at the market, many people from the investor, the bounty hunters, and people who buy the token race to sell their token because they see the price start increases. The whales sell the token in a big amount and make the price drop significantly, and the price can not stay at the normal price. We see many coins have experience for that, but many coins can survive in their hard situations, and the coin can start to back to the normal price.

I knew it, this is how it will end in sorrow and painful loose of strength and energy during the campaign. Many people fall victim because they refused to take their time to do some research to see if the campaign will end well in that 9 month .
Many join the campaign base of what they have experience before in the Emirex bounty that make the manager to release the token on time without any delay that attract many Hunter to flow with the campaign.
I feel for those that fall victim for such campaign that later bring loss for them. I think that is all business is all about either you gain or you loose.

This experience is better than nothing, my project i handle run a Bounty end of 2019, all participants not getting paid, so they are working for nothing (at least till today), I'm doing research before accepting project representative offer, but even they are prooving their team identity to me, unfortunatelly the project has been paused before team distribute token to hunter. Research will not guarantee anything for bounty, maybe this can help to take a decision and keep in mind if we don't need to join tons of project before working as hunters.

Yes right, I have also experienced like you, after a long wait but they don't pay and their token also not listed on Exchange, that’s worse than this Emirex Bounty participant. Now we have to be really careful if we want to join the Bounty, it's better to only join Bounty handled by a trusted manager.

It is claimed that token prices are often lowered by bounty hunters. and there are many ways to avoid distributing prizes to hunters. But as can be seen here, this is not exactly the case. Supply and demand determine the market. If there is not enough demand for a coin, the price will trend down. Considering that the price of a cryptocurrency is determined by very small amounts of rewards, a big mistake has been made. Emirex has been a good example for this.

I agree,  at least hunters got a little something for tbeir effort what about those campaigns who didn't pay hunters because they couldn't proceed with project, while some like digitalbits just decided not to pay hunters at all,
And just like you said, it is not about making an extensive research about the project and team because with a research done, some stubborn team will still want to avoid payment, unfortunately nothing much we can do to avoid situations like this.

I was also disappointed to see participants who took part in EMIREX campaigns, only getting paid a few dollars. Unlocking the bounty tokens
should have been done earlier, because currently the Emirex token price has dropped considerably. I am also aware of the risks of participating
in bounty campaigns, nowadays it is indeed difficult to find bounty campaigns that are well paid. So from that now I prefer to participate in
gambling campaigns, for which the pay is much better.

No, don't trust the words just believe in actions. If the team is saying they are going to release the rewards after the timeline and keep saying that every time then they shouldn't be trusted.One who is doing what they said earlier are to be trusted but ofcourse we can find them only after our efforts given to them so be ready to receive it anytime or just let it go.

That was the new normal for being a bounty hunter nowadays, Actually not only with Emirex (EMRX) but to many other bounty campaigns in this forum the team wants to delay the bounty payments for many months, and when distribution time arrives the token has no value anymore and our work is totally wasted and vaporized that's why don't just easily pick and join with the bounties most of it are useless.  

but it is very unfortunate to see the clear value but the reality is different from what we get. Indeed, all the old people in this forum will certainly understand this situation because of course it is a normal problem and has occurred a lot in the campaign. some even have no value at all and we won't get anything out of the long wait. not only emirex, bcnex even ended up a scam and didn't give anything away to the participants.

the conditions where the exchange is currently not good, many coin prices have collapsed so that no investors are interested in cryptocurrency anymore, maybe it will be different when it's a bullish trend because there will definitely be many people who buy and make transactions in cryptocurrency, after all I see emirex is coin that has good potential so there is nothing wrong with holding it in the possibility that the price will increase one day.

There is no way out of this situation. In fact, we received a reward, although we still cannot use it, because it is blocked. Undoubtedly, such actions of the team very much offend the hunters, since we have completed the work and must receive a salary before the contract, and not suffer from the manipulation of the team. We cannot be sure of any company bounty, as no one knows what the team will do with the reward at the end of the campaign.

Unfortunately this is the same old story for many bounty hunters since 2017. Many even get worthless coins and tokens. One of my colleagues joined PowerNode before and got paid 110,000 tokens. He was actually very happy at that time but 2 years of waiting updates from the company, he just learned that they have abandoned the project around 2019 and has since moved on to another project. He asked if he can get at least an assurance the bounty hunters will be able to get something from the new project, the chat admin said that is unlikely. That is really too bad.

This was expected as EMIREX during its bounty had signs of being unsuccessful or scam. First when they decided to run another rounds, then the distribution to their exchange account, KYC procedure after bounty end (I dont remember that clearly, but I think they asked to pass kyc when creating account and to unlock rewards), tokens lock for a long period with a promise to unlock then after IEO (which dates where unknown).

I dont know why people expected much from this bounty. Bounty pool was good, but it was all in tokens based on sales price. Maybe people expected much because they believe this bounty was from Emirates (thought that rich county company wont scam), while there were registered in Estonia.

We had already ADAB, that turned scam and people did not learn from that.

in fact, projects of this kind actually do not have sufficient funds, considering that many projects used to have large capital and had funds so that they were easily recognized and many communities, different after 2018 to 2020 most projects came were poor projects, they did not really have funds to pay for that, they are poor people who make poor projects

Still they are lucky because there are a stakes that awaits them,Imagine that almost all of the bounties now are just running away after ICO.

and besides in Bounty Hunting you are risking your time and effort same as your KYC for no assurance at all,so better that your friend Know that for long since this is happening from 2018 up to now.

Not only SWZL but also maximum hunters token now locked for long term. I could not understand why they do it? Sudan Gold Coin team also now doing same kind of work that is very pathetic. Hunters did hard work to promote campaign and they get very limited amount of tokens where budget may be 2 or 3% of total campaign. So i think these tokens can not make influence to market. So everybody shout think about it.

It's not that poor person creates a project. The amount collected depends on how much the investors pay in. Whether investors are interested in a project depends on whether it is innovative and perceptive. If the project is good, then the price of its token after entry and the market should not fall, but go up.
In this case, the price of the token that was the reward in the bounty campaign has dropped, and that makes the disappointment.
Unfortunately, bounty campaigns are very risky and everyone who decides to participate in them must be aware of it.

What a waste of time for the participants who rendered their time and effort for this project. For 9 months the project got sp much favor from all the participants, they got so big promotion from them at expense of the bounty hunters. They should pay them better and not just almost free. They should consider their effort given by the bounty hunters. What a sad reality on the part of bounty hunters.

There is nothing usual here, this is almost always the case, because the company itself does not care about bounty hunters, so you can't do anything here, I myself have been in such situations many times and I am sure that everyone will still have such situations while the bounty sphere is alive, so you need to move on.

I also participated in this bounty and I really not feel happy with the way and manner in which things where carried out, they unnecessarily delay the bounty payment when the value was good, at least with my rank I would have add a little value on my reward since my rank is lower but they just allow so much time to pass before they are ready to pay and now the value is very low,

Am not happy but I have no choice at least better than GX Blocks that I wasted 14 good weeks only then the team claim softcap was not met and bounty won't be rewarded.

It's still bad in my opinion I expect bounty hunters to dump this coin because of the long wait and it's not good to hodl this token because it has no potential, so many good coins are going up and those bad ones are going down, we can see in bull run what coins are going to die and this token is one of them.

These developers are taking hostage the bounty hunter's rewards because of fear of dumping their token and losing value in the market, they do not believe in the potential of their token, developers who are taking hostage of their promoter's rewards should not be supported.

Emirex is one of the project that did a very bad campaign, I hope no project will follow their example, it's a bad example.

If the Emirex project still blames the bounty hunters then I say it is really a stupid project that I found, All prices are destroyed by investors who are currently being prioritized by all projects, very far from projects in the era of 2017, where all projects walk consistently not thinking about investors or gift workers who prioritize project development and have personal capital to build their projects, not with current projects that have no capital and rely on funds from investors and focus only on making money, rather than building their own growth projects, then there is nothing wrong if most people say the 2018 to 2020 project is mostly a pastoral project that is only concerned with money rather than the growth of crypto currencies ...

Get used to it since not all will really just go into the thing that you do hope or anticipate for and this isnt something unusual or rare to happen in bounty hunting field.

Where either you do end up on not getting paid at all or would just really receive some peanuts after all the hard work you have done.I have several bounty back in the past

and i dont remember that well or mind too much into those payouts neither they would be giving it out or would just remain pending.I have tons of coins in my wallet too
where most of them doesnt really end up on getting some value.

Efforts waster on such manner.

This is not only the case with the Emirex project, but there are many other projects that do this. I have also been following a lot of projects like this, there is one project that has had a bounty since 2018 and tokens are distributed on their website, and they just came back to life this year to become a DeFi project. And the craziest thing is they will still lock bounty hunter tokens that have not been distributed for 3 months after being listed on the exchange. It hurts to be a bounty hunter

one of the reasons why bounties are not feasible to do. Currently it is difficult for the project to generate much profit, which is also the case for the bountyhunter. plus investing in cryptocurrency becomes boring. This year I saw many projects in that condition, some even only got a little from it

That is true and bounty hunters are the biggest enemies of themselves as they sell the free coins they get as soon as it hit exchanges and they are reducing the price of the coin for themselves. I don't know if anything can be done for hunters but I guess some are even happy with what they get as long as it is free.

Whenever a coin is given away in bulk quantities to bounty hunters the demise of the coin is almost certain because the heavy dumps caused by these hunters is just impossible to recover unless there are massive investors who can backup such dumps. There are guys who must be happy that they got $20 because believe me there are some Asian countries where people would be happy to get that much since it's free. That is unfortunate but the truth for many users.

This is a two-edged sword type of situation because if you sell the coins then you know you are being the reason for a the downfall of the coin which you hold in good numbers but at the same time if you do not dump and other do it because you cannot control them, then the price would fall even cheaper and you wonder if holding was the right decision or not. I believe the bounty campaigns must be designed in such a way that they give only limited number of coins to the participants and don't get carried away by promising too many coins and then struggling to even maintain 25% value of the coin.

I am not sure about this particular bounty but almost every other bounty campaign is going through the same problem, paying out too big to control or if they do not pay enough they don't get enough participants.

Honestly considering there are tons of bounties that doesn't even pay people, I would say this is even better than expected. After 9 months many people assumed they wouldn't get money, I never heard of this so I can't say that I knew or followed it up, I just heard about this project here on this topic for the first time which is why I do not have enough information to talk about it in detail.

But if the problem was a lot of people working for bounty and not getting any money at all, I would say that 20 bucks is always better than zero. There are maybe hundred coins out there who do bounty campaigns and then do not pay at all to people, which is why I believe it is quite obvious that people do not really care about getting 20 bucks and nobody could pity them, it is better than many.

I could say Emirex is probably a good one, there are numerous number of bounties I did some years back that distributed tokens to us after 1 year, its was disgusting to  receive $20 after one year, the name of the project was Zynecoin which was managed by bountyminer group of automated bounty reports, its was horrible to receive such among of money from $350. That's how the bounty system works now, its hard to get something out of it.

Rather I would advice your friend to consider bitcoin paying signature campaigns, I don't know how long it going to take him, I'm sure waiting for 9 months expecting $24 would be the same thing as waiting to rank up to eligible him joining btc signature. This choice is left for him.

After 9 months that's really long, at the same time there other bounties like that which even at the end will not still pay but come up with different types of excuses. Well, what can the bounty hunters do than to accept their fate and move on, and also considering the fact it was delayed, hunters will still dump the token because they have lost every atom of trust they might have had on the project. It is still projects like this that will accuse hunters of dumping the price of their tokens when in fact the allocation is always small and the team also failing to do what they ought to do, which is working on their project.
Also, most projects which goes this path also looks for where to cast blames, either on the market or the hunters as well.

Since more year bounty nothing profitable and we here promoting a bounty long run but after finish we receive 10$. We know more lucky people here who had make more money since 2017 but now lot of difference so kep forget your bounty dreams.

So sad to hear that buddy, at least EMIREX should compensate the bounty hunters in a fair manner. When the price of their token dropped they should consider adding the rewards to all the bounty hunters who helped them to promote their project. It's their responsibility to compensate the bounty hunters with the right reward.

I'm a hustler bounty hunters before way back year 2017 where I take so many translation job and earn quite good amount but suddenly all changes when year 2018 until now change since many scammers came and many hunters didn't earn a decent amount since they didn't get any returns and all is just a waste of efforts. So the best thing to do right now is to quit bounty hunting and we should not help scammers in terms of promoting their platform to victimize innocent people.

Don't trust to them (Emirex), they put a fake address, they not Emirates Based Company, Their Company is from Estonia, Tallin City

Thats the reason why i dont like bounties that pays after 9 months after the bounty end cause the price will surely go down, and the hardwork you give on the project will be worthless.

After all, not all projects fail. It is true that due to the two-year bear market in the cryptocurrency market, many projects failed to deal with it. However, some of them survived and the price went up significantly.
In this case, unfortunately, the positive effects are still not visible, but it is not certain that the price will not increase in the next few months. These types of projects are usually long-term investments and profits can sometimes be waited for even several years.

If for long term many hunters know that most of the time they will decrease more of its value than increasing thats is normal happening in many bounties and bounties payment. So holding it will not be a good option if you want an easy money its better to sell it the day you receive the payment than holding it for long then lost.

I watch closely the development on Emirex bounty campaign and the team members are so rude on social media towards the bounty hunters. Even during the ICO, they promised to distribute the tokens after the ICO or bounty campaign but the extension took more than 6 months. Now the locked bounty tokens are not available for hunters to withdrawal because investors have to do it first. That is why the price has dumped so much.

They are rude to bounty hunters asking for distribution but do they know the effort and hardwork put by every hunter just make thier project successful.

Don't be sorry brother it is crypto world everything is possible here. May be Emirex price will be bullish but we have to wait little more.

Thank you
you are so kind therefore you fell sorry.

I have 12 EMRX in my emirex exchange account wallet...
3 USDT to wait for 9 months lol. Since the beginning, I never had high expectations for this project because I was sure that the trading volume was still small and Emirex was still not attractive to traders and investors. don't expect the price will 'go to the moon'  :D

Damn, that's really really bad, it's not worth the wait at all, imagine after 9 months wait Just 24 usd for the bounty hunter, this is one of the disadvantages of participating in bounties,most times the tokens will go below the price they set, and you will end up getting $5 instead of $50 at the end of the campaign, some don't even pay at all, geez.

and yet you are still participating in a bounty program which paying in tokens. I've gone through the JACS bounty program and I did not see any clear date when the payment will be distributed. it's very possible that they'll make you wait for 9 months or even longer or it may just scam you all. (which is very common in new tokens) Emerix payment was also not clear when bounty was running. no one knew that they would take 9 months for paying few dollar worth of tokens and then lock their tokens for another unknown period of time.

If this is true then they are really not telling the truth here and intended to Mislead people?but at least like what I've said above they are paying and not running after the ICO.

any Update OP if the payment had already been released?

means 1 dollar per 3 months,that's what we called slavery lol.

mind what bounty have you joined?

This is not the only campaign that has a very low price due to it's trading value.

Honestly, that's the reason why I am not anymore active in participating in bounty because I have experience many times that I have wasted my time and effort. However, we can't say or conclude that bounty is a failure as there are also projects that bounty hunters were able to get a good reward, its just that some are bound to fail our expectation, and actually most of them.

I have been waiting for 9 months of this payment. I have 900+ tokens in the dashboard. Just they have released the token of the investors and bounty hunters tokens will be unlocked on 28 October. Now dropped the value from $0.46 to $0.18. When bounty tokens will be unlocked, the value will sure dropped down $0.10 or lower than that.

Didn't they indeed promise their token rather than value? At least you get paid for your token as they promised. When you become a bounty hunter, don't have much hope about token value, they won't care about you later.

Projects that seek to be legitimate and have potential care only for investors, most of whom keep the token price at some point in order to cover the amount sold to investors.

It is because of this behavior, i.e. immediate sale of the received tokens, that developers hold token withdrawals for several months to avoid a price dump.
Investors also avoid investing in projects that allocate a large portion of their tokens to bounty pools as they fear that bounty hunters will drop them as soon as the token enter the exchange.
It is difficult to find the best solution, but in my opinion the most important thing is to choose those projects that are the most promising, bearing in mind that the profit will be after a long term.

The only one people can blame about the situation happening is the emirex dev since if they really afraid for the dump that might happen once the bounty hunters receive their tokens they should find a best solution for that matters, and holding the bounty for such a long time can create bad effect to their business since for sure many hunters are angry since they didn't compensate for their hardworks.

The best solution if they are afraid of dump is they do a gradual distribution of the bounties, maybe by this for sure many happy people will praise them since they do the distribution in proper way.

Mostly the fault is on the developers end. Often they just give out too many tokens, resulting in an immediate dump after listing on exchange. Therefore, they should hire experienced advisers and managers to avoid such situations.
Gradual distribution is also a pretty good idea in my opinion.
I also saw propositions of % bonuses every three months for example for those bounty hunters who decide to keep the tokens.

Tomorrow is the unlocked schedule for bonus tokens allocation. I see prices have been pumped up (by the team maybe) after dumping by distribution of tokensales last October 15th. maybe the price will be pumped back after dumping by the next unlocked program.

If this pump happens naturally, there is hope for hunters not to have to rush to sell their tokens which means the tokens still have market interest. If there is team intervention, the hunters must sell their tokens immediately because the team just saves the token price a little for the hunters.

I'm not sure Emirex will do well. Their token price continues to drop even though the token is locked. IEO has been running for a long time, unfortunately, it doesn't sell well because the IEO token price is higher than the exchange.

Information and example for those who likes to blame hunters for a price drops.

Emirex wrote in their telegram channel, that bounty rewards will be unlocked after sales end, later they announced unlock date to be October 28.
If you look at coinmarketcap graph, you can see that drop started from 27 cents to 24 on October 28. But the trick is, that bounty hunters still have their tokens locked and admin in telegram cant give clear answer when they will be unlocked :)

After getting tired of waiting all year, it's now opened, but not completely. Admin has not provided an explanation and some people are still locked. Even more surprising, someone tried to withdraw and got $10 of usdt withdrawal fee.

too high a fee for just a new exchange, not a good offer and inconvenient for new users I think

It's become stylish things, a large portion of the bounty campaigns spoil their reliance by doing this sorts of terrible attempts. I could not realize how a project spread negativity when researching a lot their team and product. EMIREX team are doing exactly same, it's definitely worse experience you're going to receive just couple bucks after a very long time.

This shady exchange locked all the EMRX trades. Look on emirex.com - there are sell and buy order in all EMRX pairs, but graph shows there is no trading volume at all since price drop and unlock. The only place you could dump these tokens is HitBTC.

If you say that withdrawal fees for EMRX are in USDT, then this exchange is a total scam. This is not the way reputed exchange should protect its token.

I also tried withdrawal yesterday, then it was canceled by their system after 24 hours but the $10 fee wasn't refunded, I made a new withdrawal assuming the fee will be taken from the previous one. Apparently not, I was charged a new fee for it. So if I withdraw $100, I only get $80 for 2 withdrawals (1 time failed).

Many members have asked this, but the admin avoids this question. I really don't recommend emirex because:

• user interface isn't friendly and incomplete trading features.
• I doubt the trading activity and volume there.
• High withdrawal fees. If the withdrawal fails, the fee won't be refunded (they seem to be playing here to rob you of it subtly). Check theie fee structure (https://kb.emirex.com/fees-structure) out.
• The withdrawal time can take up to 12 hours (in fact it is more than 24 hours).
• Emirex can't handle multiple withdrawals at the same time and risks being canceled by their system.
• Emirex can lock funds and delist any tokens on their spot without prior notification.

• And the mood of their telegram admin is like a woman having her period, complicated.

To be honest, this is the first time I have seen a fee required in USDT.

It is clear on Etherscan that there was no token distribution (unless it happened much earlier and the smart contract was blocked). There have been very few transactions in the last three weeks:

https://etherscan.io/token/0xbdbC2a5B32F3a5141ACd18C39883066E4daB9774

23 days ago $1.11 was paid for the transaction of over 2,222,000 tokens:

https://etherscan.io/tx/0x4b662da58d96c11f08deda8806f73b0af00427a6880f398906c62cda100e5cdb

So I don't understand at all where the $10 amount is coming from
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So unfortunate I feel sorry to those who waited for a very long time and received a few bucks in the end from my experienced as a bounty hunter for almost 4 years this is one of the problems of bounty hunters the token distribution if all bounty must require an escrow this will not happen and if all hunters will boycott new campaigns with no escrow then this will not happen in the future.

If an admin of a bounty doesn't want to answer certain questions that you ask them, there's already a hint that you should doubt the payment.

Feel bad for those who are waiting for this bounty and was delayed for a long time then efforts just go into waste.

Well it appears there is a new development with this bounty, from what i read from this thread (https://bitcointalk.org/index.php?topic=5283289.120),  the emirex team have also delist the emrx token from their own exchange, so now the hunters can't even earn $20 you presume if they are unable to sell their tokens.

From what @rat03gopoh wrote, if someone received tokens worth $20 they still had to pay the 10 USDT fee, so it was completely unprofitable to sell EMRX tokens on their internal exchange.
From what I can see, trading BTC / EMRX is still possible on HitBTC, so if someone wants to sell tokens, can still do this:

https://hitbtc.com/emrx-to-btc

10usd is 10 dollar minus 20 dollar from what they earn they still have 10 dollar left but what about the withdrawal fee if 10 usdt is a trading fee only  but why not use other pair with cheaper fee .

they didnt use thier money to invest so they still have some profit left even if it small however they cant sell because the coin was delisted and if it wasnt delisted itl still be locked , so transfering this to other exchange for trade wont still be possible .

Even if its been trading into its original ICO price then it isnt really worth for the effort. $49? I dont see for this amount to be worth basing up on what you had done with the team in terms of advertising.

This had been a common tactic for some projects though that they do lock out bounty rewards believing that bounty hunters are the real dumpers or do make the price crash.

Its still a miracle that they had able to sustain that at least $0.18 for 9 months which supposedly it should really be on near zero value on this moment knowing that exchange platforms
are bit saturated already in this market.
For bounty hunters side then its better to make up some calculations first on how much token you can possibly earn plus basing of in ICO price but of course dont rely on it fully because
price or value will always be subject to change which would result in for you to receive peanuts for all the work that you had done.This is why bounty hunting had already been shitty
after that 2017- early 2018 bull run.

I thought the $10 fee was for every coin someone want withdraw from that exchange. Anyway, as you wrote, it doesn't matter now because they removed EMRX from their exchange.

I think the distribution was supposed to take place to ERC20 addresses, so even if EMRX is delisted on their website, as far as I know it can still be traded on HitBTC.com: https://hitbtc.com/emrx-to-btc
Daily volume there is quite high.

The hunters are having the only option to swap their tokens into the new tokens. It's the same as betting on something that can deceive them anytime. The owner of emirex was doing what he wanna do.
The main intention to avoid to pay the hunters.
The new tokens will actually fully controlled by the team as the owner of smartcontract. There will be no different
EMRX will always become a garbage coin even if that has swapped more than 100 times.

It's true that there are a lot of scammers, but they're not all. There are more and more campaigns that pay every week. There are also campaigns that pay in cryptocurrencies or tokens that can already be traded on exchanges. It is important to research the project that we are going to promote well. I think if you spend an hour or two you'll find an interesting bounty campaign.