Hello, sir. I am very happy to see the development of this from day to day, so I decided to make an article about this topic in my blog. If I do that, will I get additional stakes? thank you!
The ICO and bounty campaign finished a long time ago. |
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It looks like my week 12 activity hasn't been recorded in the spreadsheet yet. |
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Let's try to get back to the discussion of how this would work. I think it's still important that there's a way to vote in good moderators.
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I wonder, this is a really good project: strong and active team, good idea, detailed white paper, not only assert based token but also token thant will generate profit and etc. but why it had collected only 1.2 mln. USD. There are projects which seems less "organized" but they collect 4-7 mln. at least. What is a problem?
We are monitoring the market and it is currently very overcrowded, a lot of bad ICOs, major currencies are up and down with new all time highs. Thats why our project does not get the attention/recognition it deserves but we are on a good path already. Yeah, I think it's bad timing. The congested network is having an impact as well. |
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NO BOUNTIES, NO AIRDROPS, NO TRANSLATIONS NEEDED. THANK YOU.
Good day manager, so if the project is well established how could investors find you. Especially those who are not familiarized with english language? This is the first time see such a confident start-up aiming to solve hack problems only for english users. i can admit that your compititor hacken (ico finished few days ago) has more potentials addressing to the whole community. You should at least translate your channels that assuring a growth community. I will follow this project. Thanks for your question. I will try to explain you why we avoided even translation bounties. If you check big ICO's announcements, you can clearly see, that only English and Russian threads have a big numbers of views. All another threads in different languages have a very small amount of views and there not so many posts out there. Maybe it was our mistake to avoid Russian thread, but the problem is that Russian investors are focusing mainly on big projects and I doubt that they would invest in such a small project like ours. Thanks for your response Sir. But,you mention many things in your response that i can't understand very well; - so you admit that your project is a small one or not that much big when investors should be convainced that your project is a successful one with a lot of potentials. - translated channels are not only for the ICO but this is for a long term vision when the coin reaches big exchanges and the project have to face competitors. - am not russian neither english native speaker but i do always read threads about new projects aiming to invest in the best one. - bounties are not only for ICO promotion but this can assure a growth community with many token holders. I wish your strategy reaches the planned goals and i will always keep an eye to this thread. Good luck. Thank you for your suggestions. We really appreciate your support of our project. Actually, we are not planing to list our token on big exchanges. We have already the confirmation from Etherdelta and IDEX and scam coin will be listed immediately after ICO is finished. There is no need for another big exchanges, because there are only 380 000 tokens and Etherdelta and IDEX are more than enough for that volume. Now days it is really hard to build a good community for any crypto project via bounty campaigns, because you have to offer fake "airdrops" that are nothing else, but a scammy and illegal way to bump the project thread and lure investors into fraudulent projects, that are designed only for stealing peoples money. We received dozens of emails asking why we do not run bounty campaigns. We already explained that bounty campaigns are affecting the price of a token very hard, after listing on exchanges, due to huge volume dumps from campaign participants. But may be, just for introducing our project to more people, we will run a very small twitter bounty campaign that will not affect the price of our token. Thank you and stay tuned. That's good to hear. Twitter can be effective. We finally decided to launch a twitter campaign this week. Also more news about cooperation with ripoffreport.com and pissedconsumer.com are coming. Thank you and stay tuned. Great...I hope it works out well! As I wrote before, I'm in this project and hope, that devs will deliver a good decentralized anti crypto scam website, which is much more than needed instrument for crypto investors this days, because of enormous amount of scam ICO's, that are appearing daily on the market. Waiting for twitter campaign and for more good news promised by devs. Cheers. I agree. Although I think it might be more productive if the website framework was fully decided before getting quotes from developers. |
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NO BOUNTIES, NO AIRDROPS, NO TRANSLATIONS NEEDED. THANK YOU.
Good day manager, so if the project is well established how could investors find you. Especially those who are not familiarized with english language? This is the first time see such a confident start-up aiming to solve hack problems only for english users. i can admit that your compititor hacken (ico finished few days ago) has more potentials addressing to the whole community. You should at least translate your channels that assuring a growth community. I will follow this project. Thanks for your question. I will try to explain you why we avoided even translation bounties. If you check big ICO's announcements, you can clearly see, that only English and Russian threads have a big numbers of views. All another threads in different languages have a very small amount of views and there not so many posts out there. Maybe it was our mistake to avoid Russian thread, but the problem is that Russian investors are focusing mainly on big projects and I doubt that they would invest in such a small project like ours. Thanks for your response Sir. But,you mention many things in your response that i can't understand very well; - so you admit that your project is a small one or not that much big when investors should be convainced that your project is a successful one with a lot of potentials. - translated channels are not only for the ICO but this is for a long term vision when the coin reaches big exchanges and the project have to face competitors. - am not russian neither english native speaker but i do always read threads about new projects aiming to invest in the best one. - bounties are not only for ICO promotion but this can assure a growth community with many token holders. I wish your strategy reaches the planned goals and i will always keep an eye to this thread. Good luck. Thank you for your suggestions. We really appreciate your support of our project. Actually, we are not planing to list our token on big exchanges. We have already the confirmation from Etherdelta and IDEX and scam coin will be listed immediately after ICO is finished. There is no need for another big exchanges, because there are only 380 000 tokens and Etherdelta and IDEX are more than enough for that volume. Now days it is really hard to build a good community for any crypto project via bounty campaigns, because you have to offer fake "airdrops" that are nothing else, but a scammy and illegal way to bump the project thread and lure investors into fraudulent projects, that are designed only for stealing peoples money. We received dozens of emails asking why we do not run bounty campaigns. We already explained that bounty campaigns are affecting the price of a token very hard, after listing on exchanges, due to huge volume dumps from campaign participants. But may be, just for introducing our project to more people, we will run a very small twitter bounty campaign that will not affect the price of our token. Thank you and stay tuned. That's good to hear. Twitter can be effective. We finally decided to launch a twitter campaign this week. Also more news about cooperation with ripoffreport.com and pissedconsumer.com are coming. Thank you and stay tuned. Great...I hope it works out well! |
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NO BOUNTIES, NO AIRDROPS, NO TRANSLATIONS NEEDED. THANK YOU.
Good day manager, so if the project is well established how could investors find you. Especially those who are not familiarized with english language? This is the first time see such a confident start-up aiming to solve hack problems only for english users. i can admit that your compititor hacken (ico finished few days ago) has more potentials addressing to the whole community. You should at least translate your channels that assuring a growth community. I will follow this project. Thanks for your question. I will try to explain you why we avoided even translation bounties. If you check big ICO's announcements, you can clearly see, that only English and Russian threads have a big numbers of views. All another threads in different languages have a very small amount of views and there not so many posts out there. Maybe it was our mistake to avoid Russian thread, but the problem is that Russian investors are focusing mainly on big projects and I doubt that they would invest in such a small project like ours. Thanks for your response Sir. But,you mention many things in your response that i can't understand very well; - so you admit that your project is a small one or not that much big when investors should be convainced that your project is a successful one with a lot of potentials. - translated channels are not only for the ICO but this is for a long term vision when the coin reaches big exchanges and the project have to face competitors. - am not russian neither english native speaker but i do always read threads about new projects aiming to invest in the best one. - bounties are not only for ICO promotion but this can assure a growth community with many token holders. I wish your strategy reaches the planned goals and i will always keep an eye to this thread. Good luck. Thank you for your suggestions. We really appreciate your support of our project. Actually, we are not planing to list our token on big exchanges. We have already the confirmation from Etherdelta and IDEX and scam coin will be listed immediately after ICO is finished. There is no need for another big exchanges, because there are only 380 000 tokens and Etherdelta and IDEX are more than enough for that volume. Now days it is really hard to build a good community for any crypto project via bounty campaigns, because you have to offer fake "airdrops" that are nothing else, but a scammy and illegal way to bump the project thread and lure investors into fraudulent projects, that are designed only for stealing peoples money. We received dozens of emails asking why we do not run bounty campaigns. We already explained that bounty campaigns are affecting the price of a token very hard, after listing on exchanges, due to huge volume dumps from campaign participants. But may be, just for introducing our project to more people, we will run a very small twitter bounty campaign that will not affect the price of our token. Thank you and stay tuned. That's good to hear. Twitter can be effective. |
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There is another problem that all ICO's are facing now. CryptoKitties, a game where you virtually buy a kitten to raise it and trade it for coins. It is a game where you actually raise your money. It clogs the system, making the ETH processes much slower than usual. Usually 4 GWEI is needed for the normal process and now the required GWEI is over 40, just for the normal speed. Also the ether delta is affected, The withdraw and deposit function most of the time results to error. Ethereum processes are slow this current time because of that game. Specially for those who are token holders and person who wants to sell their tokens. Some ICO's are even postponed because of this. Just wait and if the situation will not get better then use NEM or Waves for your ICO. This way you will attract more investors for sure.
Switching to NEM or Waves for our ICO is a very bad idea, because mentioned platforms are not popular among investors. If you ask me, it is much more easy to use waves rather than Ehtereum for an ICO, because you don't need any coding skills, but not a lot of people are using waves due to it's unpopularity. Re NEM, I never saw before an ICO using NEM platform because NEM is still under development. I really hope that Ethereum network problems will be solved in coming days and the gas price will decrease, because otherwise we can consider Ethereum as a potentially dead platform. If a singe blockchain game CryptoKitties can take up to 20% of transaction volume of whole network and slow it down, just imagine what will happen after similar games will be launched? If the situation will not stabilize, all of us will switch to NEM, NXT Bitshares or Waves. We are in negotiations with ripoffreport.com and pissedconsumer.com about partnership, also we are waiting for offers from developers. A lot of news are coming this week. Stay tuned. What kind of partnership are you trying to set up with ripoff report and pissedconsumer? We are planing some kind of a database exchange with ripoff report and pissedconsumer, but it's still not clear how we will do it. As I mentioned in my previous post, there are a lot of news coming this week. Stay tuned. That would be great. I hope you're able to work something out. |
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There is another problem that all ICO's are facing now. CryptoKitties, a game where you virtually buy a kitten to raise it and trade it for coins. It is a game where you actually raise your money. It clogs the system, making the ETH processes much slower than usual. Usually 4 GWEI is needed for the normal process and now the required GWEI is over 40, just for the normal speed. Also the ether delta is affected, The withdraw and deposit function most of the time results to error. Ethereum processes are slow this current time because of that game. Specially for those who are token holders and person who wants to sell their tokens. Some ICO's are even postponed because of this. Just wait and if the situation will not get better then use NEM or Waves for your ICO. This way you will attract more investors for sure.
Switching to NEM or Waves for our ICO is a very bad idea, because mentioned platforms are not popular among investors. If you ask me, it is much more easy to use waves rather than Ehtereum for an ICO, because you don't need any coding skills, but not a lot of people are using waves due to it's unpopularity. Re NEM, I never saw before an ICO using NEM platform because NEM is still under development. I really hope that Ethereum network problems will be solved in coming days and the gas price will decrease, because otherwise we can consider Ethereum as a potentially dead platform. If a singe blockchain game CryptoKitties can take up to 20% of transaction volume of whole network and slow it down, just imagine what will happen after similar games will be launched? If the situation will not stabilize, all of us will switch to NEM, NXT Bitshares or Waves. We are in negotiations with ripoffreport.com and pissedconsumer.com about partnership, also we are waiting for offers from developers. A lot of news are coming this week. Stay tuned. What kind of partnership are you trying to set up with ripoff report and pissedconsumer? |
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I think it's also important to figure out how to market the ICO if there's no bounty campaign.
Bounty campaigns are not very effective and are bringing not more than 10% of traffic to ICO's website. The biggest danger of bounty campaign are the huge dumps from campaigns participants after listing on exchanges, that are forcing the token price to collapse. (Please read our ANN more carefully) As you can understand, this dumps are affecting investors more, than ICO's creators. That's why, we avoided bounty campaigns. A lot of people will think, that we are doing everything in a wrong way, but sometimes it is better to ignore standard rules. I understand why you don't want to use bounties, but do you have another way to market the ICO so it gets noticed? |
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I think it's also important to figure out how to market the ICO if there's no bounty campaign.
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ICO's became a holy grail for scammers. It's not that hard to pay for a good website (Apr. $ 1000) for a whitepaper (Apr. $800-1500) and hire some team members via linlkedin by promising them their cut from raised money. Plus a good ANN for bitcointalk for $200-300 and a bounty campaign manager for $50 a week (2 month =$400) So, we have now a perfect scam for only $ 3500 ... and be sure that a lot of greedy noobs and idiots will fall for it. Nice huh ? )) That's why the anti scam website offered by this project is really a good thing for crypto investors and especially for noobs. Waiting for updates.
Do you have any thoughts on these best way to identify a scam? |
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I'm not sure how to deal with the moderation issue in a decentralized way. Any voting mechanism seems like it could be manipulated.
You got a point. There is only one way to make moderation decentralized. To appoint at least 3 moderators via bitcointalk poll voting. I do not think that it will be easy to manipulate with moderation, when another two persons are watching you. And there must be a possibility of removing a project from the database of anti scam website by presenting reasonable proofs to moderators. Anyway , we have to discuss this issue many times before coming to a final conclusion. But how can you avoid votes for the moderators being manipulated? Maybe it has to be done on a rolling basis, so one moderator is voted on every 6 months? That would also help maintain some continuity if only one can be changed at a time. You mean multiply accounts voting problem via bitcointalk poll ? Actually I do not see the reason to do that, as far moderators will not receive money for their work. Or will they? OP please reply to this question. Thanks. P.S. It will be much more better to choose mods every 2 month. (Just my opinion) I don't think moderators will be paid for their work, but scammers will try to vote themselves in to have control over the site's content. There definitely has to be moderators, otherwise the scammers would overrun the site with positive comments supporting their project. Someone made a comment early on that having a couple of permanent moderators is still a form of centralization, so moderators should be replaced on a regular basis. New moderators would be voted in by the community. My point was if moderators are voted in, it's too easy for scammers to manipulate that process as well by voting in someone who will take down any negative info. So, my idea was that moderators are voted in on a rolling basis. Every six months (or year) there's a vote to replace a moderator. So if there's 3 moderators, even if a scammer tries to manipulate the process, they would only be able to get in 1 out of 3 moderators at a time. Things could probably still be manipulated over a long period, but at least it becomes more difficult. Voting for mods on a rolling basis is a good idea. Mods will not be paid and candidates for pols will be chosen from reputable bitcointalk members, so there will be no possibility for scammers to manipulate with voting. The problem is that now days nobody wants to work for free. That's why, if our ICO will raise enough funds, we might be able to pay mods for the first year, or something like this. We are waiting now detailed offers from several developers and we will publish them here, so community can choose the best offer. Thanks for the update. Do you expect offers from the developers to be ready by next week? |
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First of all I like, that this thread is not spammed, like other 90% of bitcointalk threads, by airdrops and bounty hunters. Healthy discussion is a good sign for any project. Another good thing is that, anti scam website is really needed thing for crypto community, because now days the market is overloaded with fake and scammy ICO's that are designed only for stealing peoples money and enriching their creators. There are also many scam exchanges out there, that are blocking accounts without any explanations and stealing peoples hard earned money. If scam coin project will deliver a good decentralized website with a good scam projects database, it will be a excellent tool for any potential investors. As I mentioned before, I'm in this project. Good luck and cheers.
Yeah. I'm pleased with how the conversation is progressing. Hopefully, people will contribute to the project as well. |
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Like most people in crypto I have been burned by many scam coins ( heres looking at you VK, DVD Etc for some recent ones) . But I dont think this is the answer. i think a better answer is that we focus on really good coins with strong communities and real ideas with working coins. Instead of making a scam coin, why not put your efforts into being a part of really great digital currency that can shape the future? Its funny but it will not effect the general public which is one of the main goals of creating awesome digital currency. I love the idea, but maybe you could make an actually awesome digital currency that will attract newbies and reward them with growth and prosperity?
The purpose of this site is really to help people avoid scam coins. |
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I'm not sure how to deal with the moderation issue in a decentralized way. Any voting mechanism seems like it could be manipulated.
You got a point. There is only one way to make moderation decentralized. To appoint at least 3 moderators via bitcointalk poll voting. I do not think that it will be easy to manipulate with moderation, when another two persons are watching you. And there must be a possibility of removing a project from the database of anti scam website by presenting reasonable proofs to moderators. Anyway , we have to discuss this issue many times before coming to a final conclusion. But how can you avoid votes for the moderators being manipulated? Maybe it has to be done on a rolling basis, so one moderator is voted on every 6 months? That would also help maintain some continuity if only one can be changed at a time. You mean multiply accounts voting problem via bitcointalk poll ? Actually I do not see the reason to do that, as far moderators will not receive money for their work. Or will they? OP please reply to this question. Thanks. P.S. It will be much more better to choose mods every 2 month. (Just my opinion) I don't think moderators will be paid for their work, but scammers will try to vote themselves in to have control over the site's content. There definitely has to be moderators, otherwise the scammers would overrun the site with positive comments supporting their project. Someone made a comment early on that having a couple of permanent moderators is still a form of centralization, so moderators should be replaced on a regular basis. New moderators would be voted in by the community. My point was if moderators are voted in, it's too easy for scammers to manipulate that process as well by voting in someone who will take down any negative info. So, my idea was that moderators are voted in on a rolling basis. Every six months (or year) there's a vote to replace a moderator. So if there's 3 moderators, even if a scammer tries to manipulate the process, they would only be able to get in 1 out of 3 moderators at a time. Things could probably still be manipulated over a long period, but at least it becomes more difficult. |
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As a small PPT holder, I am also aiming to invest more in pre-sale of Debitum Network, which has invoice finance plus other loan products in their roadmap + experienced team in alternative finance field and IT. Clif High mentioned Populous and now we all know the price of PPT, he also mentioned Debitum in his report giving 10/10. It could well be 10x in the next year.
I was also looking to get involved with the Debitum Network as well, but, when you try to participate you have to consent and agree your not American (which i am) right up front. Sometimes even having to provide your social security number. I can't tell you how many ICOs I have missed because of this. My question for you guys is this...how do I participate and get around this issue but remain anonymous at the same time? I have tor and I also have tunnel bear but i'm not certain that is enough to prevent them from knowing. I normally wait until it hits an exchange and purchase secondhand, but then I have lost the ability to be profitable on a short term basis. I catch the dump and pick up coins on the cheap, but then have to wait an extremely long time to get a ROI. What are your thoughts on how to participate but remain anonymous? What are some of the strategies you guys are using? I don't know the answer to your question, but I'm not a fan of Debitum. |
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We are in negotiations with several developers now and will update the thread with good news very soon. Thanks for your support guys.
Won't it be hard to negotiate with a developer if you don't know what the site will be like yet? |
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