HOW TO IDENTIFY SCAM BOUNTIES

[Jercyhora2]

We all know that there's a lot of new campaigns that non stop of coming.
How do you identify whether its only a scam or not aside of reading their whitepaper. Is there any suggestion how to identify those scam campaigns?

[Little Mouse]

Check out the team, if they are real, the possibility of being a legit project is high because scammers will not use real image. Study the project more widely to learn about the product.


There are a lot of this kind of threads where people aksing the same question. Please use search button.

[semobo]

Visit B&H section where you can find lot of guides regarding how to find the scam ICO and exchanges.

When a project has plagiarized whitepaper then it is an obvious scam.

For finding a scam bounties you can see who is managing if it is run by a newbie then it might be a scam.

[eagleman]

We all know that there's a lot of new campaigns that non stop of coming.
How do you identify whether its only a scam or not aside of reading their whitepaper. Is there any suggestion how to identify those scam campaigns?

If the funds are on escrow, much better.Some bounties held their funds on escrow and that's safety net that they are going to pay. And if the manager is known for promoting scams, you should getaway from him/her.

[normanderecho]

We all know that there's a lot of new campaigns that non stop of coming.
How do you identify whether its only a scam or not aside of reading their whitepaper. Is there any suggestion how to identify those scam campaigns?

Well, for me I can indentify a scam bounty campaign when their allocation to their bounties were too huge like say they allocate to bounties worth $50,000,000. And also their team member were not real which is cannot determine when you were going to search. And for the last when a bounty manager will get negative due to its campaign that he was manage was a scam

[bonker]

We all know that there's a lot of new campaigns that non stop of coming.
How do you identify whether its only a scam or not aside of reading their whitepaper. Is there any suggestion how to identify those scam campaigns?

Well, for me I can indentify a scam bounty campaign when their allocation to their bounties were too huge like say they allocate to bounties worth $50,000,000. And also their team member were not real which is cannot determine when you were going to search. And for the last when a bounty manager will get negative due to its campaign that he was manage was a scam

How can you predict the scam bounties based on token allocation? Normally they will allocate number of tokens so if the price of token is very cheap then the value might be higher.But if you are good at evaluating the project team you can find the scammers 90% if you are not then try scam accusations section where most of the scam projects will get listed soon after they launched.

[Ailmand]

It's hard to know if a bounty is a scam at an early stage but it's an advantage if we'll check everything about their team and developers. They could be a scam project if the crypto press isn’t talking about them. We have to check their website as well, if it's full of mistakes then it could be a scam. You have to think twice if the reward it too good to be true. Get rid of the bounty if they are asking too much information about you and lastly, it could also be a scam if you have to pay just to pursue and withdraw your reward.

[bitcoindusts]

Check out the team, if they are real, the possibility of being a legit project is high because scammers will not use real image. Study the project more widely to learn about the product.


There are a lot of this kind of threads where people aksing the same question. Please use search button.

True. Some scammers use other known personalities photos or if not some developers with legit project and use other name with the same photos. Better find the people in their team in LinkedIn or other social medias if the name do appear to be legit or just a dummy account. Most of the scam projects found out by members here are the team. They are not real personalities and if they’re being exposed to be scams, immediately, they disappear in their Telegram channels and they cannot find explanations to answer accusations.

[Crypto Girl]

For finding a scam bounties you can see who is managing if it is run by a newbie then it might be a scam.

More often true. Newbie accounts don't bother if they'll have negative trust after they scammed people. Apparently, they don't have any reputation to maintain. So look out for this.

If the funds are on escrow, much better.

Yep, but this is seldomly happened in bounty campaigns.
Sometimes even how promising the project nor campaign may be, if the team behind it want to run away the money then there will be no stopping besides there's no specific law that we can file against them. All we can do is to move on.

[pealr12]

Its so hard to figure out what bounty campaign is legit  and what is not whos paying and whos not. The only way to identify good bounties is when they are managed by reputable member, and the funds are escrow so theres nothing to worry.

[Oceat]

Its so hard to figure out what bounty campaign is legit  and what is not whos paying and whos not. The only way to identify good bounties is when they are managed by reputable member, and the funds are escrow so theres nothing to worry.

There are bounties too that don't have a reputable manager but legit so the only way to spot a scam bounties are searching the legitimacy of their team member know the history of the team. You can easily spot a legit team by searching their faces/names in google and always ask to their telegram/discord/twitter channel.

[mbsyahia]

My method for me is to look if the site is rated in icobench or icoholder .. After I will see their traffic
alexa.com and if I find anything I will go see their ad page on bitcointalk

[ciang huang]

in my opinion, I often see bounty managers with high trust and see the concept of the bounty program, the team, and partners of the program. but now the bounty program is hard to guess.

[erikalui]

OTT Whitepapers, fraudulent team members, no transparency, no way to check up their real office and them not abiding by the laws of their country are some ways but ultimately you can't be sure of anything. Even reputed bounty managers can't. Most projects claim to raise millions in their private sale and never disclose the details and this pulls in many investors. Then finally they claim they never reached their soft cap and vanish without reimbursing the investors so everyone ends up on the losing side. I feel to some extent the manager is responsible for this as they get to earn huge dollars and ultimately don't care to checkup the team first.

[chenille]

Finding a good bounty where you can be sure that's a legit one are very difficult to find. Scam ICOs are just using a bounty for free advertising when the tokens from their scam project don't cost them anything. Often they don't hire a good bounty manager because bounty managers charge ETH.
If the project has no public team and you can't see the team members and their experience in crypto I will always stay away.
But a legit ICO is no guarantee for a good bounty, so many projects are changing terms to distribute less tokens as promised to bounty hunters, even legit projects do it and that's just not fair.

I had luck to join a good bounty from IoTeX, the project is great and they did a phase one bounty where they already proved to pay out participants. IoTeX pays in ETH.

[Hamphser]

Its so hard to figure out what bounty campaign is legit  and what is not whos paying and whos not. The only way to identify good bounties is when they are managed by reputable member, and the funds are escrow so theres nothing to worry.

There are bounties too that don't have a reputable manager but legit so the only way to spot a scam bounties are searching the legitimacy of their team member know the history of the team. You can easily spot a legit team by searching their faces/names in google and always ask to their telegram/discord/twitter channel.

Searching everything about the project is always been suggested but most people do failed up to do this very basic thing thats why they have been scammed and realized
it on the end.

Scammers do really uses stock photos and spotting them out wont really be that easy if your eyes arent really meticulous into things.Always seek out for legit team members or devs,
their backgrounds and so forth.

[Pr3ko]

Too many ICOs cheated, this made people lose faith in it, it's terrible. People keep cheating on each other for money !

[udidrone]

Scam bounties maybe actually hard to define. But there are a lot of bounties that not success in the project and canceled. If that considered as scam, maybe we must pickj project that really good and have a lot of people who interested in it.

[diazepam666]

We all know that there's a lot of new campaigns that non stop of coming.
How do you identify whether its only a scam or not aside of reading their whitepaper. Is there any suggestion how to identify those scam campaigns?

Just go to the ICO site of the bounty and search for team people images there.

Once you find that images please take that to Google and search for it. If that image is available in other site with the others name you may ignore such bounties.
Then reading the site content and whitepaper contents are really matters to understand the quality of the ICO.

[Ridwan Fauzi]

There are many thread which give everyone an education how to avoid scammer or project scam. Such as,

1. HOW TO protect yourself from scammer

2. Safeguard your crypto investment and avoid getting scammed.

3. [Guide] Using Google Alerts to avoid getting scammed

4. 🌍 Guidelines, how to spot a scam ICO & report effectively. ✔

5. [Guide] How to detect fake token and spot scammers.

Take your time to learn those thread and lastly you will know how to avoid yourself from scammer.