Bounty Managers and Scam ICOs

[altsMlk]

Hello There.

I was hunting bounties for months, yet I have met only 2 scam projects. First one managed by a new manager. End of the ICO He deleted all websites, Telagram groups, Forum threads etc. Then evaporated. The lesson I learned here to trust only a good and experienced bounty managers.

Tokensuit - one of best bounty managers team in BCT and they run number of good projects. So we always could trust them. But finally it happened. Denaro: is a big scam project managed by Tokensuit. (https://t.me/Denaro_Bounty) Its a big black mark for this team. I can not blame on them for this one. Denaro team may have been scammed the bounty managers too. But Its their job to research and confirm an ico project before start. Because Number of bounty hunters and investors in BCT trust them. So If they did their job correctly this could not be happened.

The reason to start this topic is to discuss what bounty managers can do to aware this kind of scams and what we can do to avoid them.

* personally I think bounty managers should have a rating system according to their work. Then they will do their researches correctly and carefully. I found a one thread about managers here. Its really helpful. https://bitcointalk.org/index.php?topic=3051158.0 another good one (https://bitcointalk.org/index.php?topic=3034728)

* And I think there should have a regulation system in BCT for approve a bounty manager before start a new bounty thread. Most of scam projects are posted by new managers. So this will drop the number of bounties post in BCT and also scams.


I hope to update this with new ideas but Need your help to improve the thread with meaningful discussions.


* Bounty manager should check the legit/regulation status of a (ico) business and post in the thread (Bounty or ANN). Then we can check it. f you have checked, Most of ico projects has no legit status or business registration details posted in the thread. We invest/participate to bounties like blind people. It should be a major part of ANN/Bounty threads.

[masterrex]

*Ive known what your going through and your rigth! Even the experienced team can be decieve offcourse they didnt know the dark plan of the specific ICO developers who approach them in a civilized manner so the deal has executed with a good faith but suddenly after the succesfull ICO the developers team has gone without a trace * Denaro.io is a classic example of well planned Scam robbery! leaving Bounty Hunters Work in Vain for me Decentralization is a good Idea but its prone to abuse Also my suggestion is in this time of uncertainty I think its time to create a regulatory body to police the the ICO's and other Crowdfunding activities to held Criminally liable if Someone trying to still money from ICO's and Other Crowdfunding Activities?

[altsMlk]

Alpago | Tokensuit member said this in the denaro telegram.

Dear participants! As you all know, Denaro team are not answering questions and they are basically not around. When we were agreeing with them, they showed us their LinkedIn profiles and they were approved by Newswire verification which is a worldwide PR service. That is why we didn’t have any suspects and started the bounty program. The team went missing 1 week before the end of the ICO and we tried to contact them every way possible. Even though they distributed the tokens, since they didn’t have the product, tokens lost a lot of value. We are trying to find the these scammers, any help would be appreciated.

That's what an experienced bounty manager team did as a research. I could not think from where my laugh popped out.