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This paper aims to reduce misunderstandings between the three parties, the ICO project team (which organizes bounty campaigns), investors and bounty hunters.
As a bounty hunter, I often see conversations with fellow bounty hunters who often say "SCAM" in the telegram group of several projects that have not distributed tokens, but before the team had announced distribution schedules, let alone sales were still ongoing, the distribution schedule might be longer. Well, from that point, do not occasionally write the word "SCAM" in the group of a project if there is no strong and definite evidence, however it is very unsightly for the organizing team. Especially if the token sales are still ongoing, if investors who see the words "SCAM", it can change the minds of investors to cancel investments in the project.
And the "SCAM" project is very different from the "FAILURE" project, don't equate it.
- SCAM Project will only think about making a profit, no matter how it works, and he does not think of giving a reward for who helped him with promotion.
- FAILURE Project, as well as projects that have prepared everything for their purposes, procedures, allocation of funds, team data and others. But how else, the minimum amount of sales is not reached, or Soft Cap is not reached. But he is obliged to be responsible for returning the funds of investors who previously contributed. Because the project failed and lacked funds, most did not give rewards to bounty hunters. There are also several projects, although they failed to meet Soft Cap, but he still gives reward tokens to bounty hunters, such as Deep Aero, TimeBox and some others.
Note:
Soft Cap is the minimum target fund that must be achieved by a project in order to sustain the development of the project in the future.