Bounty Managers and Bounty Hunters play a vital role in marketing of an ICO. If the Bounty Manager is a trusted guy, then most of the bounty hunters hunt for the bounties by marketing the project vigorously. Such marketing strategies force most of the investors to invest in a project. A similar situation occurred in forum already where a SCAM project was endorsed by a popular manager and a member invested in the project and lost his investment. This incident triggered lots of investigations against the bounty manager. Following this incident, the bounty manager ended up loosing his positive trust and has been very inactive in this forum now.
During this period I came across a SCAM project named UBONIUM which was promoted by aTriz by organizing a Bounty. Bounty Hunters began marketing the Scam project by joining in signature campaigns, facebook, twitter and content campaigns. I can't exactly say did the Investors really invested in this project or not. During April, suddenly the ICO of Ubonium was closed stating the hard cap was reached successfully. Bounty Hunters too believed and were expecting good pay in the campaign.
ANN Thread for Ubonium :
https://bitcointalk.org/index.php?topic=3029484.0 Archived for reference
Bounty Thread for Ubonium :
https://bitcointalk.org/index.php?topic=3036847.0 Archived for reference
Ubonium Website :
www.ubonium.com/ I searched for the Ubocoin in etherscan and ended up with the contract address :
https://etherscan.io/token/0x51b3e8bc61e9c21e979468379d3147d6b955b79fI further investigated for the transfers and found a
particular address where 10,000 ubocoins were transferred. In the token Balances there was a coin named Brandcoin which lead me to a site
www.brandnetwork.netTo my amusement the team involved with Ubonium and Brandex were both same and they have started their new ICO Scam which will commence in 2 days.
Its really fun to see how badly the Brandex whitepaper was written and they copied almost all the lines from ubonium whitepaper.
I even joined their telegram group to check if the same scammers were managing both the projects and I ended up with a positive result that both of these projects are nothing but Scams.
Similarly they will hire a reputed bounty manager and announce their ICO and Bounty and the Bounty Hunters and Investors would invest their time and money in the ICO and lose them. Hope bounty managers won't promote the Brandcoins by reading this thread.