I just was brought up to speed on groups of people sending in fake/Photoshopped ID's by scanning public records to defeat the KYC process and it seemingly is very easy to do. It appears that many people sent in fake documentation to the Bob's and Polymath KYC and had no hassles. How do these companies verify people if all they have to go on is public information? Did they even really check the ID's or were they simply collected the data? How rampant do you think this is? How many of us are complete fools for turning in our documents when others simply faked it. Now they have our data and the people who faked it are still secure.
NOT FAIR.
I very often came across the process of passing KYC in different projects. I want to say that there would be cases when documents were accepted without problems, but in most cases it was very difficult to pass the KYC check. In turn, I do not forge documents, but I send only my data and they are often not accepted. The refusal is mainly due to the fact that my documents are not international, but only state documents of the old model, because of this, a dispute often arises. But I do not know of projects where it would be easy to send a fake document and it would be accepted. Perhaps it is somewhere, but I personally have not come across this. As far as I know, KYC is needed to avoid fraud when receiving payments. That is, you need to prove that you are a real person. Whether it is good or bad, everyone will decide for himself. I believe that KYC takes place, but only in special cases. For example, when a person's actions raise questions. |
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I'm not here to discourage you about bounty campaigns that are managed by the project team themselves, I'm here to tell you that you need to be extremely cautious, I've noticed that team managing campaigns themselves is not good
1. They have all the freedom of doing any how with your rewards
2. They can change certain rules that aren't reasonable, just because it's their project and they are handling the distribution they are free to do some bad things
3. Bounty Managers are very very important, you can get them nailed for not facing the team to force them to do distribution but you can't fight the team yourself
I'm sure I'm not the only one who sees things this way, or am I?
I have been working in bounty companies since 2017 and have already gone through many different companies. I can say that the situations were different. There were such bounties, which were managed as the teams of companies themselves, there were individual managers and that some of them had problems from time to time. I cannot say how and with whom it is better to participate, but during these 3 years many managers and teams have shown themselves and many have discredited themselves. I agree on one thing that it is necessary to choose bounty companies more carefully and pay more attention to proven bounty managers. |
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There is an almost disturbing downward change in the market price of cryptocurrency, and this is a general problem. Bitcoin as biggest cryptocurrency is taking a huge hit and it is spreading over to even major altcoins like BCH, stellar, litecoin and other promising ones such as Matic, Elrond, Vite etc.
Regardless of the negatives that people have about crypto in general, there has been many bears like this and the market has come back up. I strongly believe that the market will definitely come back green and that now is the time to fill the bag and acquire these coins on the low.
If you trace the history of the development of the crypto market, you can see a certain cyclical nature. On average, new growth in the crypto market took place every 4 years. Now let's see if the last flight to the moon was in 2017, then we add 4 years and we get a new flight to the moon in 2021. Of course it is not 100% that it will be exactly like this, but we look into the past to try to predict the future. I also hope for another growth in cryptocurrencies, but at the same time I understand that not all cryptocurrencies and altcoins can get a chance for a new flight to the moon. Time will definitely show what will happen and how! |
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IEOs are not public offerings, which entirely misses the principle of crowdfunding, am I right or wrong? ICO is the only fundraising strategy that works wonders publicly but since we have no better crowdfunding than the not so transparent crowdfunding (IEO) we just have to accept things as they are presently? The only crowdfunding I'm looking forward to is DYCO ( dynamic coin offering) which I once thought was a complete joke but not until Orion Protocol used this crowdfunding platform to raise fund and the result were satisfying, DYCO is from DAO MAKER and it is designed to increase the effectiveness of token fundraising events. For the first 16 months after token distribution, the entire circulating supply is backed by USDC. 80% of the funds raised initially are set aside to be used to buy back tokens from dissatisfied holders. Note: I'm just sharing this on my own, I'm not part of DYCO team and I'm not paid to do this, if you want to learn more about DYCO check the link down below, thanks https://daomaker.com/dycoThis is really interesting information. Of course, for the development of the crypto market, as well as the market for crypto crowdfunding companies, new and improved systems are needed. We already know ICO, IEO and others and see how they work. I can’t say that they show excellent results, since very often problems arise with the same IEOs. Maybe DYCO will be a success, but it needs to get more attention and there should be more new crowdfunding companies on its base to show its efficiency. It is certainly important for the crypto community to have a stable system, as this would solve a number of problems in this direction. Thanks to your information, I will pay more attention to DYCO to understand how effective this system is. |
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Many bounty managers don't like listening to what bounty hunters have in mind but this won't stop me from saying the name of two bounty managers that listens, they believe in fairness and good contribution of their bounty hunters
1. Bubbalex
A cool headed guy who spend time on projects and he is never in rush bringing new projects to his BHs, even after finding one he still warns bounty hunters not to trust his judge that he might be wrong. once too many people are joining his Campaign he always brings a limitation rules up.
2. Bounty Detective
Bounty detective are doing very good this year, they take their job very seriously and right now they are taking distributions of every bounty projects into their own very hands meaning they are using escrow, bounty payments are guaranteed
These two bounty managers listens to the audience and once too many participants are joining their campaigns they put up a stop to registration depending on the max worth of the bounty allocation.
I will definitely like to add more but these are the only two bounty hunters that I have something to say about presently
You are absolutely right, these two bounty managers show really excellent and honest work. I myself personally participate in their companies and at the moment everything suits me in their work. To some extent, we can say that other bounty managers should learn from them and take all the best they have. The bounty market can only be saved by the honest work of the managers themselves. We need just such bounty managers and the community will always go to those who work honestly and protect the rights of participants. |
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I'm using Ethplorer to check my wallets and track my tokens if the token I waited coming from bounties have finally arrive in my wallets, I have so many shit tokens in my wallet that are sitting in my wallets for years but I notice that some coins do not have value in Ethplorer whereas in Etherscan they have value, did you also notice that, which of the two are you using to check your wallet.
I personally only use etherscan as I find it more convenient than ethplorer. I don't know why, but perhaps this is due to the fact that initially I used etherscan and I liked it. Further, I did not look for a replacement for it and continued to use it, and I still use it. As for me, etherscan is more convenient and informative. This is exactly what I need. It also allows you to track token prices and find out where the token is being traded. It is very convenient and allows you to get the most necessary information. |
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the project you promote 2years back can still come up and give you awesome reward, delays takes place sometimes that makes project team keep postponing listing on exchanges, imagine promoting a project in 2018 paid you big reward in 2020 after you've already zero your mind that it's over? I want bounty hunters in the house to verify this, true or false??
Anyways, do not underestimate projects you promote a year or two years ago, they can still pay up and secondly do not leave or exit their telegram channel no matter how many years it's been, if you do you might be denied of your rewards
I began to participate in bounty companies somewhere in the middle of 2017 and I continue to participate in them until now. Indeed, there are bounty companies that have long ended, but I still hope that they will pay and I will make good money. Of course there is no 100% grant that everything will work out for me, but I do not lose faith and just wait for possible success. There were already such bounty companies that paid in a year and I was able to earn. The only thing I do not think is that it will be a lot of money, on the contrary, it will probably be a little money, but I will be happy with it. |
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Seek for more crypto knowledge before investing in new projects, it's not always that easy to choose, as a newbie it's better to stick with old top altcoins on coinmarketcap, why? Because many newbie are in rush to make fast returns, if you are this type pls go for better top coins, 90% of new coins aren't serious at all, they are here to steal money from investors and give fake promises in return
Newbies are safer with top altcoins until they start learning how to choose wisely, do better diggings on new project to avoid scams
Cov-19 have been used to scam many newbies and even Corona virus coins are built too which have no real use cases
Play safe and be willing to learn
You are all right, you have to be careful. But the point is not even in the current situation in the world, the fact is that fraud and losses were before, are now and will be further. In any business sphere and the sphere of finance there are problems and risks, which means that you must always be on the alert. Cryptocurrencies were successful in their time and still attract many newcomers to get quick profits. What is better for investing new or old altcoins? Personally, I work more with ETH and LTC and believe that they can show at least one more leap up. However, I also understand that I can lose, which means I always take risks into account. You also need to do, you can believe in success, but also remember that you can lose everything. |
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It turns out that you can not do anything in this situation. There is only one option left, to wait and hope that the project and its cryptocurrency come to life and enter a new trading platform. But unfortunately this is a small percentage of probability. You need to study this project right now, clarify its future plans and draw a conclusion. Perhaps you have already lost your money and you need to come to terms with this. The main thing to remember is that any investment is a risk. To play this game you need to be prepared for any outcome. I am sincerely sorry that you were in this situation. I myself hold a number of different coins and tokens in the hope of the best! |
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People don't want to give projects some time to grow, they forget that coins like dash, litecoin, Xmr, Bitcoin etc have a rough start, I'm just saying crypto investment takes years, just because a project drop in value doesn't mean they won't grow better in future.
Projects don't just turn huge in a year, there will be lots of volatility and price loss, for long term hold be prepared, if you can't then go for top coins
Of course, time allows crypto projects to become better and more successful, and can also destroy your project. If you first promise success, and then say that you need more time, then this already gives you the opportunity to think, or maybe something went wrong? Maybe there is a hoax? Investors love clarity in conditions, if you and your project cannot follow your own conditions, then this is a collapse. Often fraudsters hide under phrases about time, they play with investorm in the hope of taking his money and leaving. Remember 2017, did it really take a lot of time to succeed? No, success came very quickly. Of course, now is another time, but still, is there a guarantee that in 10 years your investments will not be lost? There are no guarantees! The crypto market and the community need honest and reliable projects, this is the main success factor. |
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