If you may wonder why is this called part two, here's the first one:
https://bitcointalk.org/index.php?topic=5107604Situation: This one focused on ICOs/startups who have been active for a long while, but......After the ICO ended.....Admin: Congratulations everyone! We have succeeded in reaching the hard cap! Time to rejoice! We would like to inform everyone that your tokens will be distributed within 30 days!
Bounty Hunter: Yes I'm excited!
After a month.....Admin: Congrats everyone! All tokens are distributed to investors and bounty hunters. Stay tuned for next update!
Bounty Hunter: Amazing! Good job! Hopefully that the next update will be exchange listing! Woohoo!!!!
After another month....Admin: Our MVP/product is now in the works! You can see the screenshot of our progress here [screenshot shown]. Stay tuned for our next update!
Bounty Hunter: Oh wow that's amazing! Hopefully the next update will be exchange listing this time! Go go go guys!
After another month.....Admin: Guess what guys! We have partnered with XYZ company who will help us improve our platform by adding extra security features that would protect our platform from getting compromised by hackers or intruders. Stay tuned for our next update!
Bounty Hunter: That's great admin. Great progress you have there! Can we do exchange listing this time?
After another month.....Admin: Good news everyone!
Bounty Hunter: Admin, what is it? A new exchange?
Admin: We have a new advisor on board!
Bounty Hunter: Okay, but admin when are you planning to get the token listed.
Admin: For now, exchange discussion until further notice is prohibited for legal reasons. Anyone who violated will get banned immediately.
Bounty Hunter: (sigh) Okay, looks like we have no choice but to wait.
After 2 months....Admin: Exciting announcement everyone!
Bounty Hunter: Is this really the one we've been waiting for? (hoping for exchange)
Admin: Our product is now available to download on Android and iOs! Try it out guys!
Bounty Hunter: (tries out the product and still bored, still thinking when will they going to be on the exchange)
After another 2 months.....Admin: You see guys! We aren't going anywhere! We are in great progress! Today, we just launched our very own (ICO Name) forum! Now everyone can participate and discuss related to our product! Any feedback will be appreciated.
Bounty Hunter: (I don't care, still our token has no value. The next shitcoin in the list! Dammit! My efforts are totally wasted!)
After another 6 months.....Admin: Another good news to the whole community!
Bounty Hunter: (not in a good mood and ain't excited at all)
Admin: For those of you who have stick with us for a long while, thank you so much for supporting! As we have finished processing our legal procedures, this is what most of you are waiting for!
Bounty Hunter: Okay admin, get straight to the point please!
Admin: We would like to inform you all that we have reached out to an exchange who can list our token in a month from now! We will reveal to you the name of the exchange that our token will get listed. I hope this will make you all excited after a long wait! Stay tuned!
Bounty Hunter: After more than a year of waiting, this is really is it! I can't wait (feels excited once again).
After a month.....Admin: As promised, we will reveal to you the exchange that our token will listed.
Bounty Hunter: What exchange, admin? Please reveal it to us now! We're so excited!!!
Admin: Forkdelta!!!!
Bounty Hunter: WHAAAAAAAAAATTTTTTT? (gets angry to the admin)
Admin: (kicks out and ban bounty hunter from their official Telegram group)
In the end, as this tokens got listed token in Forkdelta, there are only huge sell walls, buy wall is empty and zero trading volume. Ended up a shitcoin.To summarize this scenario, from the beginning of the ICO until the end, the bounty hunter waited 15 months for them to get listed on a shitty exchange? LOL.
I can sense that some of the bounty programs that I've joined would possibly end up like this scenario (or even worse than that). But I could be wrong. Let's just hope that past, present and upcoming projects wouldn't be doing this kind of scenario.