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Author Topic: Deceiving Rate of Bounty Campaign, New Form of Scam?  (Read 604 times)
KualaBit
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June 05, 2019, 09:44:34 AM
Last edit: June 06, 2019, 10:47:52 AM by KualaBit
Merited by serjent05 (2), tk808 (2), Nestade (1)
 #1

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.

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June 05, 2019, 10:03:09 AM
Merited by tk808 (1)
 #2

A lot of bounty hunters already understood what you are explaining, that is the norm of most bounties, quoting a certain expected amount as giveaways which does not reflect the reality. Particularly I do subscribe to such, I would prefer a project with much reasonable quote and will likely be able to pay it. It is annoying seeing very new projects with not up to 200 persons in their telegram group promising huge amount in millions as as dollar worth give away where they are struggling to raise few thousands

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June 05, 2019, 11:02:42 AM
 #3

A lot of bounty hunters already understood what you are explaining, that is the norm of most bounties, quoting a certain expected amount as giveaways which does not reflect the reality. Particularly I do subscribe to such, I would prefer a project with much reasonable quote and will likely be able to pay it. It is annoying seeing very new projects with not up to 200 persons in their telegram group promising huge amount in millions as as dollar worth give away where they are struggling to raise few thousands

I know but this case I think is kinda exaggerated, pricing the token 100 times the IEO to attract participants, Veil on the other hand gives at least a reasonable conversion depending on the exchange rate.  See the difference of these two bounty.

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June 05, 2019, 11:11:06 AM
 #4

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.
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June 05, 2019, 11:28:27 AM
 #5

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. 

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June 05, 2019, 11:34:29 AM
 #6

Yes. That is deceiving. The figures are all completely wrong. They try to give away less then they suppose to.
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June 05, 2019, 11:36:17 AM
 #7

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.
That's a dump developers and this is not a new case. Any bounty hunter has already done their research to the any IEO bounty before they start to work with.
The team or even bounty manager can't even clarify about that and it seems like that bounty manager doesn't care about that.
It's allowed but it's not worth to participate. Bounty manager has no right to do that.

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June 05, 2019, 11:45:27 AM
 #8

Would be kind of interesting how they got to the price of 3$ for 1 token while the IEO price is 0.03$ per token.
I guess the only way of getting and answer would be asking the BM for clarification.
If he can't provide a logical explanation I'd indeed call it a scam as there's a "little" difference between the advertised bounty-pool of 450.000$ and the bounty-pool of 4500$ at IEO-price.
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June 05, 2019, 11:58:24 AM
 #9

The importance of doing your own research before participating in any bounty hunting, this a clear deception, participants needs to avoid things like
this and make good research then analyze the possible rewards to receive if its worth to participate using your time and efforts.

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June 05, 2019, 12:01:32 PM
 #10

That's why you really need to check the website and other technical details and also as a bounty hunter we should keep in mind that we also consider the dumping of price after distributions of the tokens because of the bounty participants who wants to sell their coins.

I may say that it's not a scam but a misleading information and deceiving prices they tell. So never or don't trust those kinds of bounties, we are working fair and all they do is to deceive bounty hunters.
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June 05, 2019, 12:23:08 PM
Last edit: June 05, 2019, 12:59:48 PM by Remainder
 #11

That was really deceiving based on the information you provided here, total bounty would only be $4500 and that is very low and not attractive.
For those who don't do research, they might fall for this and will regret later, but the bounty manager has a lot of explaining to do here.
It's not a typo error because the total tokens was specified but the price is wrong which resulted only to the amount of $4500.
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June 05, 2019, 12:59:45 PM
 #12

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.

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June 05, 2019, 01:22:39 PM
 #13



A lot of bounty hunters already understood what you are explaining, that is the norm of most bounties, quoting a certain expected amount as giveaways which does not reflect the reality. Particularly I do subscribe to such, I would prefer a project with much reasonable quote and will likely be able to pay it. It is annoying seeing very new projects with not up to 200 persons in their telegram group promising huge amount in millions as as dollar worth give away where they are struggling to raise few thousands

I know but this case I think is kinda exaggerated, pricing the token 100 times the IEO to attract participants, Veil on the other hand gives at least a reasonable conversion depending on the exchange rate.  See the difference of these two bounty.


The purpose is of course get as much attention from bounty hunters so they will join the project. I am sure that the $3 is just like a very positive prediction of the token price while it is already traded in exchanges. My opinion is that this is not necessary since bounty hunters these days already how to analyze projects and deception is the last thing that one should do because it will eventually boomerang into the face of the people behind the project...including of course the bounty manager. We are not that desperate enough to go down to this level. I am glad that OP is calling our attention to this project -- P2PS -- so that this mistake can be corrected as soon as possible.




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Erickan
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June 05, 2019, 01:48:43 PM
 #14

Participating in the bounty campaign of a project at the present time is almost 10% chance of success. Most of the capital mobilization projects failed, scam or if you go to exchange, the price will fall miserably. Many projects don't even want to pay tokens for bounty hunters, so I don't participate in many bounty campaigns at this time.

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June 05, 2019, 02:18:30 PM
 #15

Looks like a scam, and i will never invest on this because i not like this kind of behaviour while price is only 0.03$ on IEO and pay people who work with a fake rate, better try find another project and invest only on IEO.

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June 05, 2019, 08:37:57 PM
 #16

Unfortunately, it happens that the bounty manager of the company deceives the participants by overestimating the token, so most of the participants in the bounty companies go to the main project site and check the price for the token in case of fraud. This information is distributed among other participants.
Nekoma2018
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June 05, 2019, 08:53:41 PM
 #17

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.
I saw this bounty thread few weeks ago .. the problem is most hunters don't bother to do their own research on the project they're about to promote

Nekoma2018
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June 05, 2019, 08:55:13 PM
 #18

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

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June 05, 2019, 08:56:32 PM
 #19

It is really disheartening and becoming the norm now, most times bounty mangers don't even care. Also, this is the reason why it's good to study the project, team etc before engaging to avoid wasting time and effort. If a team can do this, who knows what the project will look like in the near future.

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June 05, 2019, 11:42:52 PM
 #20

there is a possibility that this is only a miscommunication because the bounty manager in my opinion is still not too experienced in dealing with bounties, and yesterday the bounty manager had a problem because it promoted a scam project, but we see when the distribution is in line with the promised 450 K$ or not at all

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