Deceiving Rate of Bounty Campaign, New Form of Scam?

[gensol]

Bounties ain't what they used to be its either the manager wants to attract hunters through the exorbitant price or he's just upto something else.

[1715508621]

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[1715508621]

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[sempak]

Errors like this actually often occur. and most bounty hunters don't pay much attention. I myself have experienced when there was an error in writing. and if it has happened like that, of course the bounty participants will be harmed.

[chatedha]

Hmm...
Read this update from him :

UPDATE

Due to market expansion and addition of decentralized exchange (under development), as informed to all earlier, the P2PS total supply was increased.

The team officially migrated to new token with same symbol and same total valuation.

Old 1P2PS=$3.

New 100 P2PS=$3 OR 1 P2PS = $.03

New P2PS for $1.5 Million already sent to escrow holder. Here is the link.

https://etherscan.io/tx/0x2c877f949cccb2dc4c6ecd31189f6013fc76dd342820a0cf8a646d13daa4e87b

3$ is rate for old P2PS, and 0.03$ is rate for new P2PS
and token pool change from 150k To 1.5M

Btw I don't know why, but I saw NashAmajh (bounty manager) have a many problem/error on his bounty/airdrop. On migranet airdrop I saw on spreadsheet there is someone who filled out the form inconsequently, he fills just "asdasfasd" on username and fills correct ETH wallet, but the problem is I see 300++ like this on spreadsheet and when I try to fill out a form, 1 email is only allowed to fill 1 time.
So who is using more than 300 e-mails just to do that?

[Evrolina]

It has become a way of dev and team trying to lure bounty hunters to participate in their campaign when they know they cannot meet up to the standard, they will eventually reduce the price with the excuse that they are trying to give more value to their project.

[KualaBit]

Hmm...
Read this update from him :

UPDATE

Due to market expansion and addition of decentralized exchange (under development), as informed to all earlier, the P2PS total supply was increased.

The team officially migrated to new token with same symbol and same total valuation.

Old 1P2PS=$3.

New 100 P2PS=$3 OR 1 P2PS = $.03

New P2PS for $1.5 Million already sent to escrow holder. Here is the link.

https://etherscan.io/tx/0x2c877f949cccb2dc4c6ecd31189f6013fc76dd342820a0cf8a646d13daa4e87b

3$ is rate for old P2PS, and 0.03$ is rate for new P2PS
and token pool change from 150k To 1.5M

Btw I don't know why, but I saw NashAmajh (bounty manager) have a many problem/error on his bounty/airdrop. On migranet airdrop I saw on spreadsheet there is someone who filled out the form inconsequently, he fills just "asdasfasd" on username and fills correct ETH wallet, but the problem is I see 300++ like this on spreadsheet and when I try to fill out a form, 1 email is only allowed to fill 1 time.
So who is using more than 300 e-mails just to do that?

He should be updating the Announcement post after updating such, I also checked the spreadsheet but it seems the payment adjustment is not implemented.

[Bitbtc8]

If I were you and I did detect such I won't bother to keep promoting ,this means they don't know what they are doing and many will be at lose either hunters or investors ,I like projects that stay true to there words ,as a bounty hunter the choice is yours to decide

[CryptoIyke]

Now the bounty information is absolutely deceiving ... and those already participating in this project are wasting their time as they'll be left with pennies to buy pizza at the end of the day

That is if they were able to get paid the pennies at all. A lot of such projects do not pay at the the end of the day, you won't even see a cent much more for pizza. They use such huge amount to attract hunters and unsuspecting ones fall for them

[Docbee]

Update:

I wanted to know your opinion regarding this matter, I am browsing bounty campaigns to kill time and possible project to invest in since I need to know the allocation of Bounty token since often times this influx of token saturate the market and caused the price to go down when I stumble on this bounty thread titled: (BOUNTY) 💰💰🔥 P2PS Bounty Campaign $450k Worth Of Token For Hunter 💰💰🔥  I noticed this thing..

The bounty,/ bounty manager priced the initial token price as $3  

Token Pool: 150K tokens (equivalent to $450K USD if computed with the base token price of $3 each).

150K tokens will be distributed to successful applicants of the Signature,  Facebook, Twitter, LinkedIn, Content Creation and Telegram.

This bounty starts on April 27, 2019, and ends when reach hunter $450k.

While the IEO price is $0.03





I would not mind if it is in stake distribution but the token reward is fixed.  I feel sorry for the bounty participant being deceived by this rate.  I have nothing against the bounty manager but I just feel that there is something wrong.  How can you clasified this kind of action?  I'm kinda confused because I believe, with deception hunters will end up nothing.  What can you say about this?  I need your input since I am confused.  Is this kind of deception allowed in the bounty campaigns?  Are bounty managers allowed to intentionally increase the price of token to attract more participants?  I think this is deception and should not be tolerated.

He said the new price will be updated June 1st but up till now he hasn't effect the change on the bounty spreadsheet, the manager and the project devs are both not proactive about development of p2ps project.

[Eadefemi]

This kind of post might be considered as a typo error in my own analysis. When you see such posts, it's better to alert the bounty manager and hear him or her out first before running into conclusion of deception. I know a case like this where the manager was alerted and she was so humble and thankful.. It's not also to say some managers ain't deceptive. There are bounties posts you see such too and the manager won't have reasonable explanation or response to it.

[cribusen]

I believe it is more misunderstanding between parties. Bounty managers have a lot of work to do and I would clear this in the main group or bounty channel, rather than to make mess on this forum. Clear things, before saying that anybody is a scammer.

[blueteam09]

They are trying to trick us because they think many bounty hunters are taking the most bounty and not checking their project information. So they write inaccurate information, and they can search for bounty hunters to support their project at the lowest cost.

[bhabygrim]

Well they do have a quotw already in that if the tokens are to be expected to be price(at launch or down the roadmap) at $3 USD. Which I think that they have an expectation of price in the future. And a bounty hunter must analyze the context to fully understand the bouty announcements. As such it is still up to the investors and the market what the price of the token will be, which I think a bounty hunter should be aware of.

Indeed but declaring the token in a certain unrealistic value at its current state, just to lure participants to join, i believe it is a shady activity in part of the Bounty manager. 

This is the reason why we should also do our own research when it comes to bounty hunting.
The price that has been stated is too far from reality .
If we would compute the real price it would just be $4,500 and I think that's the reason why the manager lied.
But no matter what the reason is this is really bad for the campaign or the project it would reflect to the whole project and management.

[creeps]

Deceiving rate of bounty campaign is a pain in the arse for hunters however experienced hunters can realize that. Somehow the rate is not very important as good projects can result in 5x or 8x profit. Number of tokens is more essential then.

I think this is not a new form of scam since many projects before are over valued and they promised to be a good coin, bounty hunters must already know the difference of a real coin and its real value, don’t waste your time for that kind of bounty campaign. There must be a valid reason for that bounty rate, and its better to ask the management or even tha BM, they can answer you for sure.

[Kpelumo]

Some bounty managers are fond of this but if you still check, might not be from them. The team will tell them to do that in order to attract hunters. A bounty like that is pure scam cos there won't be payment afterwards. Its good to check projects and the reputation of a bounty manager before participating in any Bounty.

[unusualfacts30]

If you read second post in that thread $0.03 price is mentioned. I'm not sure if it was done on purpose or he simply didn't bother to change it in op since it was posted within same hour.

https://bitcointalk.org/index.php?topic=5135931.msg50765152#msg50765152

[bigcash2011]

Yeah this is not only unfair but also un ethicaland that is why people are becoming less interested in bounty hunting now because they have been facing scammy campaigns and some have cut the reward after the campaign finishes. I also participated in a campaign recently and they sent me 5 times less reward tokens and when i asked why the tokens are less than what final spreadsheet showed they said you can not ask this and what you have received is final amount you earned. Every hunter complained the same thing in their bounty channel but they never seem to bother which is very painful i think teams and campaigns should be honest and straight forward about rewards and they should stick to their words after the campaign ends.

[CryptoAlphaStar]

This is nothing new under the sun. Lately, 9 out of 10 bounty managers reduce the budget after the ICO.
Not to mention that the budgets has been announced in a deceiving way from the beginning in 2017.
Be vigilant, ask questions, clarify everything before participating.

[diazepam666]

This is nothing new under the sun. Lately, 9 out of 10 bounty managers reduce the budget after the ICO.
Not to mention that the budgets has been announced in a deceiving way from the beginning in 2017.
Be vigilant, ask questions, clarify everything before participating.

No bounty managers are not reduce the budget for ICO. They simply can work for the tokens also nowadays.

After the entrance open for IEO format of investment this ICO market completely trashed from the world. Thus, we need to take care the good ICO to improve our knowledge over the ICO and can see good bounty campaigns here.

[spadormie]

It is normal with bounty campaigns to have this kind of "scam." But always remember this, you are just a worker for them. Whatever they want to do with the campaign, bounty or whatever is on them. You don't have the power to change anything, unfortunately.

[laredo7mm]

It is normal with bounty campaigns to have this kind of "scam." But always remember this, you are just a worker for them. Whatever they want to do with the campaign, bounty or whatever is on them. You don't have the power to change anything, unfortunately.

The market experienced a correction again and I think this will still be able to rise again. but it does take time. we ourselves must be patient to wait for an increase in the market and also prepare our investment when it has experienced an increase again