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June 06, 2018, 02:54:57 AM |
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I've noticed a concerning trend lately with ICOs that the number scams has increased drastically. A lot of these scams fail to reach their soft caps or simply run away with investor funds. Nearly all of them have one thing in common: no KYC passed team members at ICOBench.
Lately I've only been promoting ICOs with KYC-verified team members. The number of failed bounty distributions has gone down drastically. This saves time and money for both investors, and bounty hunters.
My recommendation for the community: If you're a serious bounty promoter that puts time and effort into your promotions, don't bother with any ICO that hasn't got KYC-verified team members. There's a lot of bounty campaigns now with hundreds of replies in the Altcoin section that are obvious scams, yet have immense hype. Ignore these and stick to KYC-verified teams and I'm sure you'll notice a lot more positive results, and a lot less disappointment. You also owe it to the people you promote to.
Disclaimer: There are still scams with people willing to use their real persona, however these are much, much rarer than a fake or anonymous team. Always research an ICO first before promoting it to make sure it's legitimate.
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