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Author Topic: how you will tell if the Campaign is scam ?  (Read 282 times)
TRON0824 (OP)
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May 03, 2018, 01:29:32 AM
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 #1

I always notice some members in this forum always asking on how you will tell if the Campaign is a scam so i wrote some things you need to check before entering some campaign

First the idea of the project

If the project is called upon to solve some real problem and has no analogues yet, then it is worth attention.
If the problem is "imaginable", then boldly pass by.

Second Duration of the bounty campaign.

The longer the bounty lasts - the greater the chances that, at the end of it, you will lose a lot of time without receiving any profit, which could be insulting after 2-3 months of work. Also a bad sign when the end of campaign is constantly postpones.

Third Duration Soft-cap

Why is this factor so important? If the project does not collect this soft-cap, which is nothing less than the minimum required amount for the implementation to the project - you will get hole from donuts . You can track of the official web-site how many company has already collected.

Fourth Duration Website quality

If the site is poorly made, many bugs in the interface, poor graphics, then either it is made for illusion, or team has not normal programmers. Both options, of course, are not a good sign.

Happy Hunt.
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May 03, 2018, 02:25:04 AM
 #2

I always use

Fourth Duration Website quality

If the site is poorly made, many bugs in the interface, poor graphics, then either it is made for illusion, or team has not normal programmers. Both options, of course, are not a good sign.


This is very helpful i also always check the quality of their website before entering their Bounty Campaign.
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May 03, 2018, 02:40:21 AM
 #3

Unfortunately this is not the first post with the same content and that is why some post called spam, back to the time that I was new here the first lesson I learn is that it is important to search first for the post that you want to create because it might have too many topics with the same content.
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May 03, 2018, 04:46:59 AM
 #4

I always use

Fourth Duration Website quality

If the site is poorly made, many bugs in the interface, poor graphics, then either it is made for illusion, or team has not normal programmers. Both options, of course, are not a good sign.


This is very helpful i also always check the quality of their website before entering their Bounty Campaign.
I also do this. If I am not really attracted to the thread of the bounty I hit the back button and look for other bounties that attract me most.

Thanks for this information though. I will look better so I won't bump into scam bounties and my efforts won't be useless but be properly paid instead.

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FOR INDUSTRIAL PRODUCTION (http://www.soy-coin.com/eng)
masulum
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May 03, 2018, 05:06:57 PM
 #5

sometimes there are projects that seem real, do updates on social media and even telegram very well.
but in the end they ran away with the money they earned.

I personally, do almost everything with the points you mentioned,
here i just want to give an extra point

1. Track all the mentioned teams by searching photos, social media and search by name.
2. Checking street view addresses to make sure they include the correct address. (optional)
3. Check their background experience

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May 03, 2018, 05:55:15 PM
 #6

I think this is a brilliant summary of what's relevant when looking at new projects, thanks so much for sharing! I agree with every point you raised. One more thing I would probably add is the importance of a professional team and the transparency with which team members and investors present themselves. Best for me if I can see they have experience in the industry.
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May 03, 2018, 06:00:51 PM
 #7

I think it will be so bad ^((
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May 03, 2018, 08:55:01 PM
 #8

The best indicator that I use to determine if a campaign is scam is if the team has not shown themselves in public. I'm not talking about the LinkedIn profiles, but rather event pictures with the team and interviews done.

I'm always looking for videos or pictures that showcase the the team in events or even interviews.

There are some ICOs that have anonymous teams, and I don't join them since they have higher chances of scamming.

It may be a bit late to join a campaign after seeing the team in action but at least the campaigns I have joined in using this method have been successful.
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May 03, 2018, 10:15:39 PM
 #9

by.

Second Duration of the bounty campaign.

The longer the bounty lasts - the greater the chances that, at the end of it, you will lose a lot of time without receiving any profit, which could be insulting after 2-3 months of work. Also a bad sign when the end of campaign is constantly postpones.



Possibility yes but I will disagree for some part as there are projects that still on working continously on the development actively eventhough the bounty lasts for 2 to 3 months. I like to give example but I don't want to promote them as it may misleads others that Im promoting a certain project.

In the first place for bounty hunters, if the bounty is announced to lasts for 2 to 3 months, it's on a view of bounty hunters itself if they think it's not worth anymore to joined the campaign. Surely while on the way, they will sees something that will make them stopped or continue. No one knows what will happened next, that's why it's risky to join bounty campaign. Just take it or leave it.



Fourth Duration Website quality

If the site is poorly made, many bugs in the interface, poor graphics, then either it is made for illusion, or team has not normal programmers. Both options, of course, are not a good sign.

Happy Hunt.

Yes obviously. How come some projects will do good at technical development if their website itself is a crappy one. This must be one of the main factor that investors and bounty hunters will look at.

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mackubex
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May 04, 2018, 03:08:02 AM
 #10

I always use

Fourth Duration Website quality

If the site is poorly made, many bugs in the interface, poor graphics, then either it is made for illusion, or team has not normal programmers. Both options, of course, are not a good sign.


This is very helpful i also always check the quality of their website before entering their Bounty Campaign.

It still comes to my mind how do we distinguish whether it has these sign or not. Some of the bounties are abusive knowing that we have hope that we'll get tokens after the bounties.
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May 05, 2018, 09:43:31 AM
 #11

The minute you see “masternode sale”
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May 05, 2018, 12:11:58 PM
 #12

I wont repeat things which was already said. I think that managerof bounty campaign is also important thing. If devs hire reputed and well-known bounty manager, I think it's higher chance that they are legit. If devs manage bounty campaign themselves or hire unknown manager, there are bigger risk that participants wont get paid.
And in general, people must be careful and do research about project before joining campaign. It's same like to choose ICO for investment.

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May 05, 2018, 03:25:13 PM
 #13

I always notice some members in this forum always asking on how you will tell if the Campaign is a scam so i wrote some things you need to check before entering some campaign

First the idea of the project

If the project is called upon to solve some real problem and has no analogues yet, then it is worth attention.
If the problem is "imaginable", then boldly pass by.

Second Duration of the bounty campaign.

The longer the bounty lasts - the greater the chances that, at the end of it, you will lose a lot of time without receiving any profit, which could be insulting after 2-3 months of work. Also a bad sign when the end of campaign is constantly postpones.

Third Duration Soft-cap

Why is this factor so important? If the project does not collect this soft-cap, which is nothing less than the minimum required amount for the implementation to the project - you will get hole from donuts . You can track of the official web-site how many company has already collected.

Fourth Duration Website quality

If the site is poorly made, many bugs in the interface, poor graphics, then either it is made for illusion, or team has not normal programmers. Both options, of course, are not a good sign.

Happy Hunt.

What you mention is in my opinion not automatic signs of a scam. It is also not solid criteria that can be used to claim that all such campaigns are bad. E.g. failure to get to the soft cap might be the direct result of a failure to effectively market a relevant project. Nothing more. There could still be enough room to push it passed the soft cap.

It is better to look into the background of the bounty manager. Look at whether previous campaigns a relevant bounty manager managed - ended successfully without problems. If not, avoid. If the bounty manager has a good track record, the next thing you want to do is to look if the project you're tasked to help promote is solid. Continue from there.





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May 05, 2018, 07:11:23 PM
 #14

The best indicator that I use to determine if a campaign is scam is if the team has not shown themselves in public. I'm not talking about the LinkedIn profiles, but rather event pictures with the team and interviews done.

I'm always looking for videos or pictures that showcase the the team in events or even interviews.

There are some ICOs that have anonymous teams, and I don't join them since they have higher chances of scamming.

It may be a bit late to join a campaign after seeing the team in action but at least the campaigns I have joined in using this method have been successful.


This is what I came here to type and I'm glad I decided to check the existing replies before penning mine. I have been involved in a scam campaign and the first thing I realized after it was discovered was that the team never put themselves out there. They didn't attend any events or conference or anything. I must say that they sold a very big dream and I guess many people (including myself) were to excited to notice the other flaws.
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May 05, 2018, 10:16:16 PM
 #15

It is not just easy to tell if a campaign is scam or not until the team bolted away with your hard earned cash. But I think criterias like the team unwillingness to communicate to investors or the team unable to even explain some technical aspect of their project makes a campaign look scam.

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May 06, 2018, 09:11:26 AM
 #16

I always notice some members in this forum always asking on how you will tell if the Campaign is a scam so i wrote some things you need to check before entering some campaign

First the idea of the project

If the project is called upon to solve some real problem and has no analogues yet, then it is worth attention.
If the problem is "imaginable", then boldly pass by.

Second Duration of the bounty campaign.

The longer the bounty lasts - the greater the chances that, at the end of it, you will lose a lot of time without receiving any profit, which could be insulting after 2-3 months of work. Also a bad sign when the end of campaign is constantly postpones.

Third Duration Soft-cap

Why is this factor so important? If the project does not collect this soft-cap, which is nothing less than the minimum required amount for the implementation to the project - you will get hole from donuts . You can track of the official web-site how many company has already collected.

Fourth Duration Website quality

If the site is poorly made, many bugs in the interface, poor graphics, then either it is made for illusion, or team has not normal programmers. Both options, of course, are not a good sign.

Happy Hunt.

I would also recommend to read the white paper, check some media publications about the project, check social media (especially Telegram and Facebook), and check the team
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May 06, 2018, 09:28:53 AM
 #17

Best is to follow Amazix campaigns,you can be sure their campaign will be good.
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July 03, 2018, 12:58:56 PM
 #18

I would recommend to pay attention to these factors: they must have a good Whitepaper, read it scrupulously, cause some ICO just steal somebody's else Whitepaper and just change the name of the project. They must have MVP on their website, cause lots of projects like to write how cool they are, but don't have anything except these pompous words. Their employees should have profiles on Linkedin, for example, cause scammers are afraid of revealing their personality and often they whether don't have any profiles of steal somebody's photos. Check their groups on the different social networks, they should be active and not filled with bots and fakes. Check their profile on GitHub. I would recommend you to pay your attention to Cryptics - forecasting platform which does use 100% AI. Their project does satisfy with all these requirements. They have already had a good MVP. Their AI does analyze the market of crypto currency and make daily, hourly and four-hourly forecasts for the different matches of cryptos, some exchanges and for the market. There will also be opportunity to trade and make investments. In September they are going to launch a trading bot on the platform.
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July 03, 2018, 02:50:46 PM
 #19

When there is little history/evidence of the teams previous works and projects as well as lack of technicality, you should be cautious and expect the possibility of a scam.
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July 03, 2018, 03:22:01 PM
 #20

Thanks for sharing this.  So many ICO are scam and you waste months working for nothing. Reading their white paper helps also to figure out those that have not come to stay.
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