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Author Topic: Bounty Managers do not Determine the Legitimacy of a Cryptocurrency Project  (Read 5283 times)
pakdemaco11
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August 06, 2019, 01:59:01 PM
 #101

You are right, not determined by the bounty manager of a bounty success, there are many new bounty managers who handle successful projects. even the famous bounty manager failed a lot like wapinter, amazix. we have to research harder to get a project that will be successful later

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August 06, 2019, 02:36:37 PM
 #102

sometimes we see a bounty manager with negative beliefs but does not allow participants with negative beliefs to join the campaign he is holding. it becomes legitimate. because the manager has their own rules which he made himself, even without the intervention of the developer.

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August 06, 2019, 04:15:54 PM
 #103

at least professional managers and many of them have better experience. I have never seen a manager just from a rank. If every manager does escrow for payment security, that would be great. For a good project, you will definitely have to research again.
Jenkins33
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August 06, 2019, 04:21:06 PM
 #104

I have read a lot of people claiming that the rank or online personality of the bounty manager can help in knowing the or determining if investing in a token project will be worthwhile. I must tell you I was of the opinion until this morning when I learnt about the incompetence of a bounty manager I used to follow. Remember most of us don't know each others beyond our online profile. I learnt he will be managing more bounty after he left his old profile to embrace another one.

Although, he's not tainted as fraud yet because my source won't say if he is. But the issue is if he is to fraud unsuspecting newbies, that how he will do it. U believe u can trust him base on his forum rank and experience. But he is fake who has series of identities for his guise.

So, don't join a bounty or invest in a project because of the bounty manager. Do your research before investing your money or time on any project.

Never trust anyone 100%. There may be many lucky people who have chosen good projects, but this does not give any guarantees that they can make a mistake the next time. Therefore, you should never rely on the choice of strangers in monetary matters.

dcomomal
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August 06, 2019, 04:40:36 PM
 #105

It is true, but as a bounty hunter you can stick to your beloved manager and reduce the risks of taking part in a fraud campaign. Several managers are doing their own research and try to sort out garbage campaigns to protect their image.
guoyu78
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August 07, 2019, 07:01:28 PM
 #106

I believe that the bounty manager only helps the project to get more bounty hunters. because as I understand it, many bounty hunters always follow projects promoted by their own trust manager. although it is certainly not a success, but they believe in every project held by the bounty manager he used to follow.
That is typically the main duty of bounty mangers to get hunters for the project, but bounty managers should not only limit their loyalties to those projects alone, their main loyalty should be with hunters who would promote the project because without them , there is no way those investors would know about the project.

Their loyalty too needs to lie with the investors out there, and the only way their loyalty can lie with investors too is for them to do their due diligence on any project they are accepting and then ensure that the project is of a quality one, and would not turn scam at the end, although is difficult for them alone to spot one, but with their help as the first point of filtering the project, then hunters too can do their due diligence, thereby protecting the interest of the investors out there.
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August 07, 2019, 07:49:26 PM
 #107

I absolutely concur with this point "Along these lines, don't join a bounty or invest into a project due to the bounty manager. Do your exploration before contributing your money or time on any project". I know numerous extraordinary managers however at some point the project which he oversaw fizzle. That is implies manager has no certification of accomplishment

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lillobo
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August 07, 2019, 09:29:03 PM
 #108


We should not judge any project or ICO because of bounty manager. i have seen many projects managed by good bounty managers turned to be scam or failure. The best example is wemark. It was managed by Amazix. The project was a failure and the team shut down it. So When  making a choice, its our own responsibility to check the details of the project before investing time or money into it.
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August 07, 2019, 11:45:36 PM
 #109

The legitimacy of a cryptocurrency project is not and cannot be determined by a bounty manager. Bounty managers do their best to post real legit projects in other not to tarnish their image but the truth and honest of the matter is, bounty managers don;t determine the legitimacy of a cryprocurrency project. To determine the legitimacy of a crypto project, a thorough research into the project, the team behind it and their mission is what is going to help you know the legitimacy of the project not the bounty manager.

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dzhan
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August 08, 2019, 12:17:22 AM
 #110

The bounty manager is not the most important factor to determine the legitimacy of the project, you need to study the project itself carefully regardless of its bounty manager. The quality of the project can show you if it is worth investing money and/or time, or not.
The whitepaper, the team, and the product are the most important things to be analyzed before investing.
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August 08, 2019, 05:02:20 AM
 #111

Indeed, but i know some legendary members of bitcointalk usually running a legit campaign.
They usually pay the participants in BTC, most of the campaigns are signature campaign.
But we should do our own research about the project without regarding who the bounty manager is.

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August 08, 2019, 05:35:49 AM
 #112

Indeed, but i know some legendary members of bitcointalk usually running a legit campaign.
They usually pay the participants in BTC, most of the campaigns are signature campaign.
But we should do our own research about the project without regarding who the bounty manager is.
It will increase the possibilities to pick the right projects to support even it's been handle by low ranks account, everything still depends on how the developing team will succeed, it's not in the hands of the managers as they are also leaning from how the tem will bring good results,they are just there to facilitate and help the team to promote making it sure that participants will do their task in the right manners.

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john alex young
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August 08, 2019, 06:25:00 AM
 #113

Thank you for your suggestion that before deciding to join, it's better to do research. But in my opinion, a bounty project managed by a trusted manager is far better than the other way around.
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August 08, 2019, 11:18:46 PM
 #114

I do not even consider bounty managers or look into the manager who is managing the bounty campaign before participating because I personally believe and support the idea that the legitimacy of cryptocurrency project is never determined by bounty managers and even most of them categorically states in their bounty campaign that they are not part of the team and not responsible for whatever happens along the line.

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fosco333
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August 09, 2019, 02:40:46 AM
 #115

Yeah, we are the one should to determine the legitimacy of crypto project by doing our due diligence.
Our time and our efforts are our responsible, therefore we need to find a real bounty project so our time and efforts won't go in vain.
There are many campaigns running, but there are only few of them are good and legit.

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August 09, 2019, 02:45:49 AM
 #116

I think there is no hard and fast rule to determine the authenticity of a token. And one should rely on his own knowledge to pick a project. Atleast that way he won't have to blame anyone else if the projects goes down.
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August 09, 2019, 02:53:32 AM
 #117

Bounty managers hold not the destiny of each project which could affect their integrity down when project failed and boost their confidence when succeeded. They are not exempt of market instability. Everyone can be victim of accusations specially the bounty managers. It is our duty to research before participating in any projects.

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August 09, 2019, 03:20:08 AM
 #118

So, don't join a bounty or invest in a project because of the bounty manager. Do your research before investing your money or time on any project.

Don't feel bad if the Bounty Manager is not introducing a worthy project for you to work on, if HE is introducing you a scam project, it's for the sake of his name. They are paid by doing so, so do you. And bounty hunting isn't as much equal to investing, it is more likely gambling for me.
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August 09, 2019, 03:27:29 AM
 #119

This is true to a certain extent. But as far as my observations are concerned, there are campaign managers who are more meticulous in choosing their projects, so that they have never been or very seldom linked to a project that ends up a scam or a failure. They are very much unlike the majority of the campaign managers who just accept offers left and right without even spending a little time or lifting a finger to try to know the real score of the project. For as long as they are paid, they will go ahead. So somehow, a certain campaign manager could give us a little idea whether the project is legit or not. But it is not everything.

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August 09, 2019, 06:48:44 AM
 #120

Bounty manager cannot determine whether the project is good or not in the future. It's just that professional and new bounty managers are certainly different, old Bounty managers with lots of experience will certainly provide projects that they think are good with previous research. Most new managers, will give any project as long as they are paid. That's all that distinguishes it.

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