Bounty project assurance

[bagsat]

Many bounty projects are existing which will give a profit when the project ends. But how can a bounty participant assures that the project is legit? What will be the legal actions of bounty participants if their project is scam, such as thier work has not been payed?

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[anu1908]

1st, you can move this topic to altcoin discussion or other section as this doesn't fit in this board. As for the answer to your question, there are several things that you can use to ensure whether a project is legit or not, such as whether the team is real and competence or not, etc. In the end, you can sue them if you want to, but that will be difficult as sometimes they live in another country. If you need insurance that your work will get paid, only join bounty with escrow.

[princehandsome]

if they don't get anything and the bounty they follow is a scam, then they will sue and discuss scam project to everyone not to participate, besides that the campaign manager who manages the bounty will also get negative trust because it promotes scam projects to prize participants or the investors . I really hate the bounty scam.

[boyptc]

Many bounty projects are existing which will give a profit when the project ends. But how can a bounty participant assures that the project is legit? What will be the legal actions of bounty participants if their project is scam, such as thier work has not been payed?

You posted on the wrong section, bounties should be discussed on Altcoin discussions.

[HabBear]

But how can a bounty participant assures that the project is legit?

They can't!

And then even if the project is legit, it could still fail. The project could have been started by people that intend to pay the bounty in full but if the token doesn't take off everyone will be sunk.

All you can do is evaluate all known information about the project and take a leap of faith if you think the risk is worthy for the potential reward.

A few tips to help you:

• Is the utility purpose of the token one that will benefit people that aren't already involved the crypto community as a speculator?
• Does the developer website provide sufficient detail on the business case, the mining approach, the IPO for the token?
• Does the bounty pay in Bitcoin AND not ask you for an up front investment?

If you answered "Yes!" to all of these questions, honestly, then the campaign is a candidate for consideration - NOT necessarily a good option, but worthy of consideration. Good luck to you.

[alonelyorange]

How come getting assurance at bounty campaign project if have running and scam at the end, look many bounty campaign manager always faced bad moment when ICO success but never got respond from ico owner, they have closed cases and make bounty is scam.

[beatzcoin123]

that's the more reason you have to DYOR, that's Do Your Own Research before embarking on any project as a participant, this will not only help you identify scam project, but also help you to identify viable projects that are worth your time investment. what's the essence of embarking on a project and get your reward but the coins ends up being SHITCOINS.

[Lumi3004]

For now there are no basic guidelines for Bounty that can be implemented, all of which are almost 80% messed up by the Wabsite website, it is uncertain that it is clear if you follow the project bounty, many are uncertain, if you are hesitant to stop while following the bounty, or permanentsure of yourself.

[Nnedaddy1]

As a bounty Hunter the only assurance you need is the carry out your own research regarding any project you would like to join in their bounty programs before jumping in.
This is because, there's no regulatory body controlling how these bounties are done and so legally , you have no legal right to sue any project for failing to keep up to their end of the bargain.

[malading]

This can only be determined by personal experience. You can never guarantee which project is absolutely true and reliable. Even many well-known projects have the risk of not paying. This is very common in a bear market. The only thing we can do. Is to do a full investigation before adding any bounty.

[bagsat]

Many bounty projects are existing which will give a profit when the project ends. But how can a bounty participant assures that the project is legit? What will be the legal actions of bounty participants if their project is scam, such as thier work has not been payed?

You posted on the wrong section, bounties should be discussed on Altcoin discussions.

Sorry for posting it on the wrong section. Yet there are moderator that will manage and transfer this post to the said section. You should post an answer to a question that can help but not to no post when or where i will put my post because as i have said there is a moderator.

[Saisher]

Many bounty projects are existing which will give a profit when the project ends. But how can a bounty participant assures that the project is legit? What will be the legal actions of bounty participants if their project is scam, such as thier work has not been payed?

I have seen so many scam projects in the scam sections and those who escaped from investors radar, and actually run with investor's money, unfortunately, only a few projects are caught and prosecuted, some of them are still at large because they are not United States based project which the US has no jurisdiction.

[babarian]

you should discuss it at
Bitcoin Forum> Alternate cryptocurrencies> Altcoin Discussion
(https://bitcointalk.org/index.php?board=67.0)
please move as soon as possible.

[bitfocus]

you should honor the forum basic rules by moving this one to the proper section.

[kalel18]

I'm a bitcoin newbie and I'm joining a bounty pretending to get a coin from project to convert it to bitcoin. but as soon as I'm scam immediately, it's time for the project to go through the moon without any reward. I just love my effort and I'm not the only, we've got to join and hope for nothing come to pay . it is difficult to find a bounty project if the management is worthless.
 

[jointherevolution]

Like I wrote in other post, you can never be sure about of you get your pay or not. But you can do research and see what seems more legit than others. Don't just sign up for anything you see, they may promise good pay but this means nothing. Check what people are saying about  the project, see and determine yourself if it is something useful or a bad copy of another.

[ngusmin]

Never judge whether or not a project is good from the number of prizes promised, but take your time to research the project that you will follow and also you can ask the core team. And don't expect too much, and don't make the bounty hunter your main job.

[BitBustah]

Many bounty projects are existing which will give a profit when the project ends. But how can a bounty participant assures that the project is legit? What will be the legal actions of bounty participants if their project is scam, such as thier work has not been payed?

Here is a tip, if you want to actually make money get a real job instead of wasting your life on this forum.  It is the sad truth, there isn't a lot of money for online work because the barrier of entry is so low and everyone wants to work from home.

[Ruffian1314]

Many bounty projects are existing which will give a profit when the project ends. But how can a bounty participant assures that the project is legit? What will be the legal actions of bounty participants if their project is scam, such as thier work has not been payed?

From my experience for 10 months doing bounty, you cannot tell whether the project of that bounty is legit or not because some of ICO projects that are legit but don't have enough funds will results to termination or discontinue due to not enough collected funds. Some who are really scam projects have also a great websites, platform and other marketing materials that will attract investors. But you can avoid the other scam projects by doing intensive research on their background.

[Olayinka225]

In the crypto of today, there isn't any assurance that a particular project is a legit, every participant is at his/her own risk of participation. Nevertheless, there hasn't be any sector or section one can report as per the guidance of any bounty to as at present and I also think that's part of what will actually be in the SEC regulation if eventually comes through though it will be very tough on people.