Bitcoin Forum
August 16, 2018, 06:24:45 AM *
News: Latest stable version of Bitcoin Core: 0.16.2  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 »  All
  Print  
Author Topic: ICO unethical behaviours - abusing your bounty hunters - name & shame  (Read 408 times)
paxmao
Sr. Member
****
Offline Offline

Activity: 336
Merit: 314


Spanish Engagement and Strategy Review services


View Profile
March 05, 2018, 11:42:21 AM
Merited by Vod (2), mprep (1), sud (1)
 #1

This thread is about unethical behaviors of ICOs and/or ITOs teams and/or campaign managers abusing their bounty hunters or their investors, not about exit scams or bad business ideas. I am placing this on serious discussion because I would not like to have too much off-topic and I think is not really a reputation / accusation in terms of the forum.

I take part in serious posts as well as doing bounty, translations and promotions. After a while, I am tired of being treated like a stupid by some campaign managers, ICO teams and promoters alike. I am not even talking about exit scams or bad business ideas, but about breaking the word given or setting new conditions or lowering the payments after the work has been completed.

As far as I am concerned, such changes are unethical and we as a community should make sure that any project that falls into these practices is named and shamed on the forum so future ICO launchers know that if they misbehave it will affect the long term reputation of the project (and thus the value of the tokens that the team has as a reward).

See example below, I will add some in the future.

WAX TOKEN SALE

The WAX token sale asked for KYC after the sale, and the tokens were not locked so being first to market was about hurrying your application through an smartphone app that did not work and with a technical support that could not provide an answer in less than 3 days. Proof can be found in their telegram group, dates after the sale.

Feel free to add your own. If accusation requires proof, please include it.

NUCLEUS
LIVE stars
Modul Trade
KahnChat
These apparently, asked for KYC for bounty hunters AFTER the job was done. ModulTrade scammed some of it's hunters.
Datawallet
 If you didn't complete the KYC, you could get half the tokens you earned in ETH.  Huh
Gladius


ENVION
Taking ages to give the tokens to supporters. Investigating suspicious accounts after the promotion has ended.

CIBUS
Complex KYC and asks for a FEE before sending the tokens.

STORIQA.
quoting "saw them on ICOBENCH, showed up under the filter "no KYC & no whitelist", so i participated.
few weeks before ICO finished, they said "we're gonna do KYC because we want to make sure there are no criminals involved in our token sale" but they already distribute their tokens to pre-sale buyers, no KYC required lol."

CLEAR COIN.
quoting "at first, they asked participants to fill up 10 info (including reddit, medium, and linkedin, yes, freakin linkedin. what is this, job application?), then they cut it to only 5 info out of 10 required (no talk about KYC at that time). in the middle of the road, they said KYC is required for investors who invest big (don't remember the exact number), and i take it as for ICO participants only, not for airdrop. Now they say everyone must fill KYC in order to get their token. there's no way i'll give my ID to strangers for couple of bucks, heck no. and please guys, think twice about KYC, why do you want to do it for only couple of bucks"

Problems with payments
Debitum Network Bounty Program
CryptoFlix Bounty Program
Bowheadhealth Bounty Program

Editing to add new cases...
1534400685
Hero Member
*
Offline Offline

Posts: 1534400685

View Profile Personal Message (Offline)

Ignore
1534400685
Reply with quote  #2

1534400685
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1534400685
Hero Member
*
Offline Offline

Posts: 1534400685

View Profile Personal Message (Offline)

Ignore
1534400685
Reply with quote  #2

1534400685
Report to moderator
1534400685
Hero Member
*
Offline Offline

Posts: 1534400685

View Profile Personal Message (Offline)

Ignore
1534400685
Reply with quote  #2

1534400685
Report to moderator
sud
Sr. Member
****
Offline Offline

Activity: 504
Merit: 292


View Profile
March 06, 2018, 02:44:21 PM
 #2

WAX TOKEN SALE

The WAX token sale asked for KYC after the sale, and the tokens were not locked so being first to market was about hurrying your application through an smartphone app that did not work and with a technical support that could not provide an answer in less than 3 days. Proof can be found in their telegram group, dates after the sale.

Feel free to add your own. If accusation requires proof, please include it.

My friend told me that Nucleus also requires KYC from bounty participants in order to get their tokens. This is ridiculous, since hunters did not take part in tokensale, and did not invest money. And what if someone won't pass KYC process, or just don't want to? Such practices smells scammy.
mozilafirefox
Jr. Member
*
Offline Offline

Activity: 123
Merit: 1


View Profile
March 06, 2018, 08:59:52 PM
 #3

Asking for KYC after the bounty campaign is finished is a such a cheap tactic followed by some ICO's these days.
They dont even mention anything regarding KYC requirements for bounty participants during the start because they know it'll decrease bounty participants,
But they ask it after all the work is done by bounty participants. This is so not fair!

Nucleus Vision is one such ICO. Shame!
https://nucleus.vision
They even banned me from telegram group for Questioning them.
cryptocommoner
Jr. Member
*
Offline Offline

Activity: 112
Merit: 5


View Profile
March 07, 2018, 03:21:32 PM
 #4

Asking for KYC after the bounty campaign is finished is a such a cheap tactic followed by some ICO's these days.
They dont even mention anything regarding KYC requirements for bounty participants during the start because they know it'll decrease bounty participants,
But they ask it after all the work is done by bounty participants. This is so not fair!

Nucleus Vision is one such ICO. Shame!
https://nucleus.vision
They even banned me from telegram group for Questioning them.

LIVE stars just did this as well.  I wonder if it is going to become the norm to future-proof for potential upcoming regulations?
ETFbitcoin
Legendary
*
Offline Offline

Activity: 1414
Merit: 1065

Use SegWit and enjoy lower fees


View Profile
March 07, 2018, 04:48:25 PM
 #5

Most ICO are scam or asshole anyway. They would give you free token and they claim the token value you get is high, but you're required to give personal information or do tasks which could give away your personal information. I can't trust them to keep the user's personal information safe.
I think something like this should be treated as scam or scam-exit attempt or at least listed as unproffesional action.
paxmao
Sr. Member
****
Offline Offline

Activity: 336
Merit: 314


Spanish Engagement and Strategy Review services


View Profile
March 09, 2018, 11:01:26 PM
 #6

Most ICO are scam or asshole anyway. They would give you free token and they claim the token value you get is high, but you're required to give personal information or do tasks which could give away your personal information. I can't trust them to keep the user's personal information safe.
I think something like this should be treated as scam or scam-exit attempt or at least listed as unproffesional action.

... and that is the point of this thread exactly.
aervin11
Full Member
***
Offline Offline

Activity: 336
Merit: 102


🤖UBEX.COM 🤖


View Profile WWW
March 10, 2018, 01:39:20 PM
 #7

I want to mention Envion for not updating the spreadsheet and also not distributing the rewards. The ICO was over since January 14 gathering 100Million USD. You can check this https://icobench.com/ico/envion

And says "Envion will distribute awards among those who contribute to the bounty program goals after envion conducts a thorough review to assess quality and prevent abuse. This will occur no less than 2 weeks after the ICO ends"
Here's the link

Envion will distribute awards among those who contribute to the bounty program goals after envion conducts a thorough review to assess quality and prevent abuse. This will occur no less than 2 weeks after the ICO ends.

After gathering millions, they can't even check those who pursue to advertise their project. The'y're busy with the new found wealth anyways.
paxmao
Sr. Member
****
Offline Offline

Activity: 336
Merit: 314


Spanish Engagement and Strategy Review services


View Profile
March 15, 2018, 11:21:18 PM
 #8

Most ICO are scam or asshole anyway. They would give you free token and they claim the token value you get is high, but you're required to give personal information or do tasks which could give away your personal information. I can't trust them to keep the user's personal information safe.
I think something like this should be treated as scam or scam-exit attempt or at least listed as unproffesional action.

Not at all, many ICO are very honest and legit and one out of four or so does give excellent profits for the supporters. The problem is that too many people say that "all are scams" and that is a problem for the whole sector.
CryptoLex
Member
**
Offline Offline

Activity: 196
Merit: 12


View Profile
March 17, 2018, 10:12:41 AM
 #9

I think alot of ICO's find out, that during the sale period, the average bountyhunter is a complete waist of time. If you click any link to FB or Twitter from a bountyhunter report, you will see those accounts are flooded with all sorts of retweets or posts. This kind of exposure isent helping any project and only costs tokens.

The average bountyhunter doesnt give a shit about the projects, all they want is as much tokens for their jobs to dump asap when it gets listed.

Thats why I think not many upcoming ICO's will keep offering bounty programs
sud
Sr. Member
****
Offline Offline

Activity: 504
Merit: 292


View Profile
March 17, 2018, 12:35:43 PM
 #10

I think alot of ICO's find out, that during the sale period, the average bountyhunter is a complete waist of time. If you click any link to FB or Twitter from a bountyhunter report, you will see those accounts are flooded with all sorts of retweets or posts. This kind of exposure isent helping any project and only costs tokens.

The average bountyhunter doesnt give a shit about the projects, all they want is as much tokens for their jobs to dump asap when it gets listed.

Thats why I think not many upcoming ICO's will keep offering bounty programs

That is true, unfortunately most bounties are flooded with spam accounts that brings no value to the project. But if bounty manager set strict rules and review all participants you can have nice viral marketing. Quality over quantity!
cryptothief
Member
**
Offline Offline

Activity: 224
Merit: 36


View Profile WWW
March 20, 2018, 04:21:55 AM
Merited by paxmao (1)
 #11

I am not necessarily against KYC for bounty hunters, as I think it weeds out duplicate accounts, even though it could be seen as overly authoritarian. But I do agree that it should be made clear at least a reasonable amount of time before the bounty ends to give participants the opportunity to pull out. Plenty of projects change rules during the process to adapt to updates and feedback. Although it is not ideal, I understand the need for it to maximise the return for the project on the bounty, just as long as they are communicative and supportive to their bounty hunters. Ideally a decent project will have laid out all rules and regulations at the start, with contingency plans in place, but I guess some get caught out either by lack of investment/interest or changing regulations in their host country.
CryptoBry
Sr. Member
****
Online Online

Activity: 490
Merit: 274


RISE WITH RAYS FOR THE FUTURE


View Profile WWW
March 22, 2018, 04:55:10 PM
 #12



I have no problem with the KYC process if that is what it takes to get my bounty rewards as I also understand maybe the project is just being careful not to go against any regulations that affect the whole project. What I could not understand is that some projects don't really care about those who did promotional work after they got the money from the ICO buyers. There are also those who are changing the formula of computation after the ICO was done. Yes, many of the bounty participants are there just to get the tokens and this is quite understandable. An ICO project that is not convinced that bounty can be helping should not offer one to forum members, simple as that.
Jet Cash
Legendary
*
Online Online

Activity: 980
Merit: 1118


VOM member


View Profile WWW
March 22, 2018, 06:06:03 PM
 #13

What is the current situation with WAX. It seemed to have some potential for use in the sale of domain names, and I was going to look into it for this.
I thought that OPskins was quite large and established, and I would have expected them to create a decent crypto.
paxmao
Sr. Member
****
Offline Offline

Activity: 336
Merit: 314


Spanish Engagement and Strategy Review services


View Profile
March 22, 2018, 09:03:03 PM
Merited by Jet Cash (1)
 #14

What is the current situation with WAX. It seemed to have some potential for use in the sale of domain names, and I was going to look into it for this.
I thought that OPskins was quite large and established, and I would have expected them to create a decent crypto.

They did not treat their investors too well, but in terms of the project,  shortly after the ICO they decided to create their own chain, which should be delivered sometime in Q2 2018 if I recall correctly. Now, the token itself has suffered a fall as most projects anyway.

As far as the business is concerned, it seems to be working normally, creating new partnerships and the like. The first interesting news is that you can trade cryptokitties on it. I can´t assess it´s current ability to deal with domain names.
Jet Cash
Legendary
*
Online Online

Activity: 980
Merit: 1118


VOM member


View Profile WWW
March 23, 2018, 09:16:16 AM
 #15

My inital attraction to Wax came from my reading of an introductory paper. They stated that it was possible to store records of virtual assets on their blockchain. This related to gaming awards such as armour and weapons, but I wondered if it could be used to record domain name ownership to assist in sales and transfers. I don't understand the concept of CryptoKitties, and I will confess that the name put me off a bit. Smiley
sud
Sr. Member
****
Offline Offline

Activity: 504
Merit: 292


View Profile
March 23, 2018, 12:51:24 PM
 #16

Thing is when project moves on with development and hit exchanges, nobody remembers shady or unethical things that happened before tokensale or in the bounty campaign. People only care about coin value and upcoming events.

My inital attraction to Wax came from my reading of an introductory paper. They stated that it was possible to store records of virtual assets on their blockchain. This related to gaming awards such as armour and weapons, but I wondered if it could be used to record domain name ownership to assist in sales and transfers. I don't understand the concept of CryptoKitties, and I will confess that the name put me off a bit. Smiley

Lol, so you haven't heard about CryptoTitties yet...  Grin
Jet Cash
Legendary
*
Online Online

Activity: 980
Merit: 1118


VOM member


View Profile WWW
March 23, 2018, 01:31:42 PM
 #17


Lol, so you haven't heard about CryptoTitties yet...  Grin

Nope - are they in the Las Vegas strippers thread? Smiley
FreshMoff
Jr. Member
*
Offline Offline

Activity: 42
Merit: 0


View Profile
March 23, 2018, 01:37:36 PM
 #18

I realise this is a name-and-shame thread focused on those doing it wrong... but can we have some examples of one that did it right, all the way through ?

(this won't hype any existing programs - since necessarily they will be over now in order for someone to have assessed them as doing them right to the end)
paxmao
Sr. Member
****
Offline Offline

Activity: 336
Merit: 314


Spanish Engagement and Strategy Review services


View Profile
March 24, 2018, 12:30:33 AM
 #19

I realise this is a name-and-shame thread focused on those doing it wrong... but can we have some examples of one that did it right, all the way through ?

(this won't hype any existing programs - since necessarily they will be over now in order for someone to have assessed them as doing them right to the end)

Credits did pay bounties correctly, BABB and Experty too although they were low for what I heard, Modul Trade scammed some of the bounty hunters by asking for KYC after it was done (many people don´t want to do any type of KYC), at the moment if you follow the bounty groups in telegram many bounties are being held to avoid a market crash.

Perhaps you can open a thread with the positives.
Tynovten_
Full Member
***
Offline Offline

Activity: 350
Merit: 101



View Profile
April 01, 2018, 05:15:52 AM
 #20

I also support the process of kyc just because to avoid some people that have more than one account in one project, and some people do this.

However there is one project (cibus) in the process of kyc is very complicated, no one is able to complete correctly until the end. Even if you've done it, you have to send fee in advance to get token. This is very annoying.

In the end I left it. It's up to him, want to give the pay for my work or not.
Pages: [1] 2 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!