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Author Topic: More and more Bounties turn out to be SCAM.  (Read 1021 times)
Brawnsugar
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September 23, 2018, 05:29:22 PM
 #21

While it is very expedient that due diligence be done before engaging in bounties, sometimes I feel it's difficult to spot the scam while doing research. A project could tick all the right boxes for a good project and could still exit scam. It is also important to distinguish between scams and weak projects. That a project didn't do well at the exchange, doesn't necessarily imply it's a scam
bit..what?
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September 23, 2018, 05:35:42 PM
 #22

This is unfortunately all true and the scam ico/bounties are becoming more and more.
It has become really hard to find a good bountie/ico.
The number of bounties where you can really earn something is very small.

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omfg.xekcep
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September 23, 2018, 09:19:53 PM
 #23

More and more Bounties turn out to be SCAM.
In the years 2016-1917 the era of the ICO began, and the launch of projects was very different from what we see now. Much attention was paid to the promotion of the project in social networks and in all forums. To date, everything has changed. Advertising ICO in social networks is prohibited, and good projects are trying to find good investors themselves. Therefore, many projects refuse to conduct Bounty and Eidrody. Projects begin to carry out closed ICO (for example, ICO Telegram).
But many projects continue to use Bounty to attract investors. And on my vzdlyade 50-70% of these projects SCAM. The project plans to raise money and disappear with them. Therefore, they do not mind paying a small percentage of Bounty and Airdrop.
The conclusion from this is that the choice of Bounty for work should be very careful. Do not waste 20 weeks on an empty one.
Sorry for my English.

Generally there are a lot of reasons why it is happening so. All this year the market is going down and we have the negative cashflow on the crypto market. The total pie is becoming smaller and smaller. ICO managers usually do not pay money to bounty hunters in time and it is happens that they do not pay at all. I can intimate you that ICO managers are able not to pay at all and you cannot effect on them because there are no mechanisms which could control them. I consider that such a situation must be changed otherwise people will not trust bounty campaigns at all.

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jajorforce
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September 23, 2018, 09:27:49 PM
 #24

More and more Bounties turn out to be SCAM.
In the years 2016-1917 the era of the ICO began, and the launch of projects was very different from what we see now. Much attention was paid to the promotion of the project in social networks and in all forums. To date, everything has changed. Advertising ICO in social networks is prohibited, and good projects are trying to find good investors themselves. Therefore, many projects refuse to conduct Bounty and Eidrody. Projects begin to carry out closed ICO (for example, ICO Telegram).
But many projects continue to use Bounty to attract investors. And on my vzdlyade 50-70% of these projects SCAM. The project plans to raise money and disappear with them. Therefore, they do not mind paying a small percentage of Bounty and Airdrop.
The conclusion from this is that the choice of Bounty for work should be very careful. Do not waste 20 weeks on an empty one.
Sorry for my English.
It is normal, as many people know about bounty and ICO, there will be many bad people and they will create ideas that fool investors and bounty hunters. I see ICO scam the most is early in 2018 and now it has dropped quite a lot because everyone has experience ICO rating
ityandsyn
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September 23, 2018, 09:35:38 PM
 #25

More and more Bounties turn out to be SCAM.
In the years 2016-1917 the era of the ICO began, and the launch of projects was very different from what we see now. Much attention was paid to the promotion of the project in social networks and in all forums. To date, everything has changed. Advertising ICO in social networks is prohibited, and good projects are trying to find good investors themselves. Therefore, many projects refuse to conduct Bounty and Eidrody. Projects begin to carry out closed ICO (for example, ICO Telegram).
But many projects continue to use Bounty to attract investors. And on my vzdlyade 50-70% of these projects SCAM. The project plans to raise money and disappear with them. Therefore, they do not mind paying a small percentage of Bounty and Airdrop.
The conclusion from this is that the choice of Bounty for work should be very careful. Do not waste 20 weeks on an empty one.
Sorry for my English.

       Even if is legit at the beginning then they were not able to reach the soft cap so it will need long time for selling of tokens or just like other projects that they Will disappear because of lack of investors interested of the project.
Crypdon
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September 23, 2018, 09:42:30 PM
 #26

This is the problem with signature campaigns, you can spend months writing about stuff collecting stakes in the process but in the end after all that work, you get nothing. And sadly, you can only do 1 campaign per BCT account!
Aligab166
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September 23, 2018, 09:45:23 PM
 #27

Most bounty hunters are becoming very frustrated with the bounty scams. Most of the bounties are becoming a waste of time and it is very painful to waste 20 weeks working without a reward.

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September 23, 2018, 09:55:39 PM
 #28

This is stale news Bro. Most of us know this already. Just as you said, great caution should be exercised so as not to fall financial victim.
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September 23, 2018, 10:07:38 PM
 #29

More and more Bounties turn out to be SCAM.
In the years 2016-1917 the era of the ICO began, and the launch of projects was very different from what we see now. Much attention was paid to the promotion of the project in social networks and in all forums. To date, everything has changed. Advertising ICO in social networks is prohibited, and good projects are trying to find good investors themselves. Therefore, many projects refuse to conduct Bounty and Eidrody. Projects begin to carry out closed ICO (for example, ICO Telegram).
But many projects continue to use Bounty to attract investors. And on my vzdlyade 50-70% of these projects SCAM. The project plans to raise money and disappear with them. Therefore, they do not mind paying a small percentage of Bounty and Airdrop.
The conclusion from this is that the choice of Bounty for work should be very careful. Do not waste 20 weeks on an empty one.
Sorry for my English.

Organizing a scam ICO is very much easy to earn money for those scammer and swindler out there thats why theres a lot of shady ICO right now that are being organize because its easy money for them to scam. You have to be vigilant in investing with this kind of ICO. Always investigate and be alert.
jpnl0005
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September 23, 2018, 10:42:59 PM
 #30

Registered lots of projects recently and it turns out to be that 80% of it turned out to be scam and i felt really bad its so unfortunate that we are having more scam these days and its really really bad
astridwi
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September 23, 2018, 11:04:42 PM
 #31

Many factors cause ICO to become a scam, one of which is a bad intention of inviting investors, stealing and running away. But now there are also good ICOs that fail when entering the market either due to unfavorable market conditions or wrong strategies when listing the market
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September 23, 2018, 11:07:04 PM
 #32

Yes it's kinda hard and challenging to participate in bounties nowadays because you are dedicating much of your time to it so if it the project fails anyway, bounty participants are left frustrated because their efforts have been in vain.
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September 23, 2018, 11:10:58 PM
 #33

You can avoid ICO and bounty scam by researching the background of the people involve in the company. But most ICO scams comes with no team or they are anonymous and I'm 90% sure that it is a scam

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September 24, 2018, 08:05:34 AM
 #34

There always will be scam bounties thanks to those people who enter bounty not relying on the quality of the project but relying on reward amount. And do everything to reach needed amount of posts(including creating topics using "bad English" from google translate Wink)
When all bounty participants will check projects they participate in - all this will end in a magical way


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Bitcoin_Delivery
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September 24, 2018, 08:08:03 AM
 #35

Be more careful in finding the existing bounty because nowadays more and more bounty campaigns also commit fraud to promote their ico. very detrimental to the participants who have followed it
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September 24, 2018, 08:24:56 AM
 #36

getting more careful in looking for bounties that are not deceptive and not scam because nowadays more and more bounty lists are scam and I think this should be stopped because it is very detrimental

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September 24, 2018, 08:26:20 AM
 #37

More and more Bounties turn out to be SCAM.
In the years 2016-1917 the era of the ICO began, and the launch of projects was very different from what we see now. Much attention was paid to the promotion of the project in social networks and in all forums. To date, everything has changed. Advertising ICO in social networks is prohibited, and good projects are trying to find good investors themselves. Therefore, many projects refuse to conduct Bounty and Eidrody. Projects begin to carry out closed ICO (for example, ICO Telegram).
But many projects continue to use Bounty to attract investors. And on my vzdlyade 50-70% of these projects SCAM. The project plans to raise money and disappear with them. Therefore, they do not mind paying a small percentage of Bounty and Airdrop.
The conclusion from this is that the choice of Bounty for work should be very careful. Do not waste 20 weeks on an empty one.
Sorry for my English.
now the bounty campaign participants have the ability to distinguish legitimate and scam projects.
capableuwa1
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September 24, 2018, 08:27:53 AM
 #38

If all Bounty participants can carry out extensive research before participating in any Bounty program, I think life would be more easier for everyone of us because the percentage of those that will jump into those scamming Bounty program will be fewer, hence making less awareness campaign for those project and also reduces the involvements of other potential investors that might find interest in such projects.
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September 24, 2018, 08:35:16 AM
 #39

Yes there are too many ICO's appeared and created day by day and it's hard to distinguish what ICO's is good and scam. But there are some and still good ICO's that is promising and giving payments, always be careful on what ICO's you join to prevent scam.

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September 24, 2018, 08:38:29 AM
 #40

Yes, it's time that something has changed in ICO to come up with some serious checks before missing the project for advertising

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