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Author Topic: Most secured way to avoid scam ICO bounty  (Read 462 times)
AlaEhBTC (OP)
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September 17, 2018, 11:36:20 AM
Last edit: September 17, 2018, 12:05:59 PM by AlaEhBTC
Merited by deeofficialx (1), Slowhand26 (1)
 #1

Hi guys, most people are saying that you need to read the whitepaper to see if the ICO is good or not but some of them even with a nice plan on their whitepaper do not succeed. All of us has their own technique to determine a good ICO bounty and I am sharing mine, feel free to share yours too.

1. Choose an ICO with a lot of activity - You can see it on their facebook page or twitter. Look if the company joins a lot of conference and things that can promote their coin.

2. Choose an ICO with an admin that responds quickly - We all have some specific questions and corrections that
needs to be made and an admin that responds quickly for every question is a plus.

3. Look for the one that reached their soft cap - If an ICO reached its soft cap then its a high chance that it will be successful.

These are the basic things that I am looking when joining a bounty to avoid scam. If you have other ways then feel free to share.
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September 17, 2018, 12:08:31 PM
 #2

Quote
Choose an ICO with a lot of activity.
Well, I actually use this one too. I don't want to follow a project that post nothing and nothing while the project itself is running.

Please provide more information and tips.
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September 17, 2018, 10:40:24 PM
 #3

The way to avoid scam ICO bounty for me is to look for a good team. They will try to make successful project.
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September 18, 2018, 11:56:58 AM
 #4

Communication is entirely important for an ICO.
But it doesn't mean that just because they are responsive, they are legit.
There are some ICO scams that are also responsive but they reply quick to make them look legit.

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September 18, 2018, 02:28:35 PM
 #5

Hi guys, most people are saying that you need to read the whitepaper to see if the ICO is good or not but some of them even with a nice plan on their whitepaper do not succeed. All of us has their own technique to determine a good ICO bounty and I am sharing mine, feel free to share yours too.

1. Choose an ICO with a lot of activity - You can see it on their facebook page or twitter. Look if the company joins a lot of conference and things that can promote their coin.

2. Choose an ICO with an admin that responds quickly - We all have some specific questions and corrections that
needs to be made and an admin that responds quickly for every question is a plus.

3. Look for the one that reached their soft cap - If an ICO reached its soft cap then its a high chance that it will be successful.

These are the basic things that I am looking when joining a bounty to avoid scam. If you have other ways then feel free to share.
Those points you were mentioned will not help you to find the scam and legit bounties even if the admins were very responsive most of the time it went scam so it also not good point to find the legitimacy when it comes to the activities of their social media account it also their strategy to attract more investors and take all their money if it was scam and finally the soft cap reached project maybe get successful but even the projects which reached millions in a day went scam in the history.

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September 18, 2018, 05:50:14 PM
 #6

Quote
Choose an ICO with a lot of activity.
Well, I actually use this one too. I don't want to follow a project that post nothing and nothing while the project itself is running.

Please provide more information and tips.
Having lots of activity is really good and really appealing on the eyes but I have some experience with these kind of projects too which they do end up on being a scam so it wont really be still a guarantee to be safe.
For op's question those advices or keypoints are good to be done but it isn't really he most secured way and those things aren't too simple to be done by an investor or even bounty hunters.
You wont even know that even inactive ICO can succeed and active ones would failed down.

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September 18, 2018, 07:18:10 PM
 #7

sounds like coping
do you remember Centra? I lost lots of money because of its scam, but they had very active team, they respond every message quickly and they even were promoted by some famous people
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September 19, 2018, 03:36:44 PM
 #8

find good bounty just as investors look for promising ico. very difficult to do, because all the criteria that you say can be made or manipulated by the developer and all do not guarantee that all will pay or succeed. I only suggest that if you have been paid bounty, then immediately switch the token to btc, because we don't know what will happen later.
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September 22, 2018, 10:33:38 PM
 #9

All items listed by the author of the topic are certainly important, but they do not give a 100% guarantee of protection from the scam. Even with an honest team, the project can not raise money for ICO .
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September 23, 2018, 12:17:29 PM
 #10

but I prefer your number one and two because I often use it in searching for bounties and ICOs, but sometimes there are successes and some fail with insufficient softcap, but your posts are really good and good for beginners like me.

[
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September 25, 2018, 06:24:57 PM
Last edit: September 25, 2018, 11:58:08 PM by chocolah29
 #11

1. Choose an ICO with a lot of activity - You can see it on their facebook page or twitter. Look if the company joins a lot of conference and things that can promote their coin.

I can't say it can be a good point because there's some that doing these and those but ends up a scam because money has already blinded them.

2. Choose an ICO with an admin that responds quickly - We all have some specific questions and corrections that
needs to be made and an admin that responds quickly for every question is a plus.

What if they have this plan already? "Ok, let's make our project looks like a legit one so be very patiently in answering their questions, don't make them suspicious." How was that?

3. Look for the one that reached their soft cap - If an ICO reached its soft cap then its a high chance that it will be successful.

It's true and upon reaching their softcap they'll be entirely keep going. However, did you heard about envion? They raised almost $100M and guess what they disappear in the wind. Such a total crap.

We can conclude that no matter what the metrics, if people really have motives to scam then they will, even at all costs.

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September 25, 2018, 07:44:37 PM
 #12

All items listed by the author of the topic are certainly important, but they do not give a 100% guarantee of protection from the scam. Even with an honest team, the project can not raise money for ICO .

Bounty managers are not responsible for the payment actually. If you want to participate in any signature campaign or any form of bounty you will be able to go and check the project with the given link. So verify it before you get into the project as a participant.

Then bounty managers keep the disclaimer the under thread like they are not responsible the payment and all.

 
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September 25, 2018, 09:03:35 PM
 #13

All items listed by the author of the topic are certainly important, but they do not give a 100% guarantee of protection from the scam. Even with an honest team, the project can not raise money for ICO .

Bounty managers are not responsible for the payment actually. If you want to participate in any signature campaign or any form of bounty you will be able to go and check the project with the given link. So verify it before you get into the project as a participant.

Then bounty managers keep the disclaimer the under thread like they are not responsible the payment and all.
Most of the time when we do talk about bounty payments then tokens are being held by the team itself not to its bounty managers. Some people do think of having this way where they do believe that manager is involved with payments which is actually wrong.They blame directly without even knowing on how things work. As a participant you should really obliged yourself to check out things so that you would really have that bigger chances on getting profits or income on legit projects.

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September 26, 2018, 09:17:42 AM
 #14

There are already threads that may help you pertaining on this topic please check the link provided for more useful and releable tips to avoid scam on bounty campaigns
https://bitcointalk.org/index.php?topic=4935828.msg45605588#msg45605588
https://bitcointalk.org/index.php?topic=4622738.0
https://bitcointalk.org/index.php?topic=4440165.0

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September 26, 2018, 09:41:51 AM
 #15

I agree that one of the soft cap indicators is important to know the interest of investors and the public towards the ICO, but I will try to find out more about what exchanges they will enter later? because no matter how good the ICO is and the sale of tokens if they fail to enter the exchange, they will dissolve and have no value

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September 26, 2018, 06:19:13 PM
 #16

Hi guys, most people are saying that you need to read the whitepaper to see if the ICO is good or not but some of them even with a nice plan on their whitepaper do not succeed. All of us has their own technique to determine a good ICO bounty and I am sharing mine, feel free to share yours too.

1. Choose an ICO with a lot of activity - You can see it on their facebook page or twitter. Look if the company joins a lot of conference and things that can promote their coin.

2. Choose an ICO with an admin that responds quickly - We all have some specific questions and corrections that
needs to be made and an admin that responds quickly for every question is a plus.

3. Look for the one that reached their soft cap - If an ICO reached its soft cap then its a high chance that it will be successful.

These are the basic things that I am looking when joining a bounty to avoid scam. If you have other ways then feel free to share.
There is no other way than serious research about that project you are going to invest and most of the scam ICOs can be exposed by our research by means of fake profiles or fake credits which was not actually made by that project and plagiarized content on the whitepaper and even their website design can tell us about their legitimacy.And your points are now exhausted the scammers are getting smarter so you need to improve yourself from differentiating the scammers.

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September 27, 2018, 04:59:02 AM
 #17

Hi guys, most people are saying that you need to read the whitepaper to see if the ICO is good or not but some of them even with a nice plan on their whitepaper do not succeed. All of us has their own technique to determine a good ICO bounty and I am sharing mine, feel free to share yours too.

1. Choose an ICO with a lot of activity - You can see it on their facebook page or twitter. Look if the company joins a lot of conference and things that can promote their coin.

2. Choose an ICO with an admin that responds quickly - We all have some specific questions and corrections that
needs to be made and an admin that responds quickly for every question is a plus.

3. Look for the one that reached their soft cap - If an ICO reached its soft cap then its a high chance that it will be successful.

These are the basic things that I am looking when joining a bounty to avoid scam. If you have other ways then feel free to share.

I think you are looking not for a ICO that isn't a scam but you're giving the points for a "successful" ICO. Points 1 and 3 especially, are all about activity and price action and fundraising amounts. Remember, even scam ICOs have raised millions of dollars, so really, these aren't factors to distinguish them at all. Even a quick responding admin only means that they have either hired managers to respond to community questions OR it means admins aren't busy developing products.

I would actually be suspicious if devs weren't developing!

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September 27, 2018, 07:55:30 AM
 #18

1. Choose an ICO with a lot of activity - You can see it on their facebook page or twitter. Look if the company joins a lot of conference and things that can promote their coin.

I can't say it can be a good point because there's some that doing these and those but ends up a scam because money has already blinded them.

2. Choose an ICO with an admin that responds quickly - We all have some specific questions and corrections that
needs to be made and an admin that responds quickly for every question is a plus.

What if they have this plan already? "Ok, let's make our project looks like a legit one so be very patiently in answering their questions, don't make them suspicious." How was that?

3. Look for the one that reached their soft cap - If an ICO reached its soft cap then its a high chance that it will be successful.

It's true and upon reaching their softcap they'll be entirely keep going. However, did you heard about envion? They raised almost $100M and guess what they disappear in the wind. Such a total crap.

We can conclude that no matter what the metrics, if people really have motives to scam then they will, even at all costs.


I agree with your opinion, bro, done by the envion party who is not responsible for the bounty campaign. I took part in a campaign program that was not paid, if I think now to research ico or bounty that will be successful lies in the team that is always active.

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September 27, 2018, 07:58:04 AM
 #19

I think that every bounty hunter should learn how to find good bounty activities from the white paper. I think this is the most important step!

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September 30, 2018, 06:54:33 PM
 #20

I don't believe going an ICOs with a lot of activities on their social page and have reached their soft cap are the best way to avoid scam ICO bounties. But, the way to join a genuine ICO bounties is joining an ICOs that belong to someone who is already in the business or similar for a long run.

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Live Games

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Slots
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Blackjack
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Roulette
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Dice Duels
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