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Author Topic: Scam Projects and Bounty . Way forward??  (Read 2382 times)
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December 04, 2019, 07:37:17 PM
 #261

Even if you are thorough with your researches, you might bump into a scam project and waste your time with it without getting any reward.
If you want to be slightly safer, just choose a bounty which pays BTC or any exchangeable currency instead of waiting for a payment in their native currency, which would be a bag of trash!
Due to seeing failed or scam bounty campaigns I now prefer to join in the signature campaign who pays in bitcoin so I can sure I earn profit in all my works. But, joining in a signature campaign who pays bitcoin is quite hard especially if they required a good quality post and the participants that they want is the member who gains merits in the last 120 days. It's now hard to determine what are the good projects and I agree with you, even you do your effort doing research in a good project sometimes it still ends up in a scam.
The BTC paying signature campaigns have a better pay rate compared to the small bounty rewards from several bounty campaigns. After reaching the soft cap, the team refuse to pay the campaign participants due to the bear market conditions. Although the stable coin payment bounty campaigns exist but the conditions are hard for average bounty hunters, they are eliminated due to the competition.


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December 04, 2019, 07:54:36 PM
 #262

So far this year , a lot of scams have occurred in the crypto sphere ranging from projects scamming investors and as well as projects not paying hunters for their works.

What do you think can be done to counter this ill manner behaviors that has been painting cryptocurency bad?
ICO activities should be organizationally regulated by states. At the same time, the rights and obligations of all parties must be clearly established. This is the only way to avoid this disgrace, which is now happening with ICO projects. Over time, this will inevitably be. The current anarchy in this matter cannot last forever. Investors lose large sums due to the actions of fraudsters and the state is simply obligated to protect them.

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December 04, 2019, 08:00:37 PM
Last edit: December 04, 2019, 08:40:43 PM by InwardContour
 #263

Its hard to dodge scam project sometimes its look very promising. That why im not take a lot of campaigns, for now im only doing signature campaign. Even if you already did mini research you still trapped into fraud projects.
Absolutely true, sometimes after doing research and decide to do the bounty when impressed, the team members might have a negative plan at the end. We just have to be very careful when selecting projects for bounty and also it's good to follow bounty managers with high reputation or projects with very good backings. Sometimes some projects you expect little from pays well at the end, and some with high esteem tend to keep hunters and investors "in the dark". However, in as much as scam projects keep launching, we still have genuine projects with great vision giving us hope and encouragement.
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December 05, 2019, 06:46:31 PM
 #264

These scams would never stop so take the opportunity to advice yourself and also make decisions based on the experience you might have had with some of these. Do a better research about any project you campaign for to sieve out the scam projects from the good ones. There are always some good ones out here, you just have to look harder.

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December 05, 2019, 06:53:22 PM
 #265

Deploying an erc-20 token is not hard, building a website has been made easy by the likes of WIX anyone can built a website, create their own token, scam others through IEO or ICO it's sad.

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December 05, 2019, 08:33:29 PM
 #266

Some time have good project listing with big market like bittrex and binance but got scam by bounty campaign manager delay for distributing, I found with harmony bounty campaign where success listed with big exchange market but why bounty campaign manager delay for distributing, maybe he want take moment for selling bounty coin reward first and distributed after coin have lower price.
Not the bounty manager are holding for distributing a bounty reward Ill think the project team are one to distributed on it not the bounty manager. The bounty manager work are manage some bounty participant in the list until in the end it will send to project team. And thats true harmony have such good bounty Iv'e seen in this year and Ill think it is listed already in Binance. As I said bounty manager are only manage not for distributing a bounty rewards.

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December 06, 2019, 01:26:51 PM
 #267

Yeah, you are right so far. As per recent hacking or scamming incident, the most scam is being operated by new project lunch through an Ico or Ieo on their own platform. You will invest on such project though they seem good for a future vision, but before their product going live, they will ran away for sure.
My suggestion is, Can we create a ico platform such as like FCA regulates the broker. If I wish to launch a project with new vision, I have to have an approval from an authority (newly organized).
I don’t know, it will be happening or not. But it might prevent more scam projects who have scam exits plan.
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December 07, 2019, 06:29:16 PM
 #268

Yeah, you are right so far. As per recent hacking or scamming incident, the most scam is being operated by new project lunch through an Ico or Ieo on their own platform. You will invest on such project though they seem good for a future vision, but before their product going live, they will ran away for sure.
My suggestion is, Can we create a ico platform such as like FCA regulates the broker. If I wish to launch a project with new vision, I have to have an approval from an authority (newly organized).
I don’t know, it will be happening or not. But it might prevent more scam projects who have scam exits plan.

Exit scams are widely used by the crypto exchanges, as an example, I can show the IDAX CEO. He lost with the cold wallet of the exchange funds, it is unknown for the future of exchange. It doesn't even matter for the investors unless they make a loss in such events. The future perspective of the exchange is important and this idea can be applied to the IEO projects. These projects have a better ROI and more secure than ICOs.
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December 07, 2019, 06:39:58 PM
 #269

In this market, it's hard to control the project you're doing.  Please carefully check the roadmap from time to time.  But perhaps following IEO campaigns will be much safer for you.

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December 20, 2019, 11:28:53 AM
 #270

We just need to avoid projects with questionable parameters. Just look at Miracle Tele, it was been operated like a Ponzi scheme, some of us saw this ponzi nature but was blinded by passive returns until the day it all collapsed like the Roman empire. Most times, we are too sentimental to properly review projects.
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December 20, 2019, 11:36:20 AM
 #271

I have to be sincere with the forum, we should not expect to stop the operations of scam in crypto sphere but we should prepare for 2020 to limit our involvement in scam projects

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December 22, 2019, 06:59:56 AM
 #272

One can not do anything once a project scam you. It depends on our intellectual to identify scam projects and bounty at the right time because we can not blame anyone in the end. I think the more we work wisely, the more we will benefit while choosing any project. I feel there must be some rules and regulations for new projects so that one can not think about scam any investor in that way we can expect some trust build up in investors' minds.

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December 22, 2019, 07:08:05 AM
 #273

One can not do anything once a project scam you. It depends on our intellectual to identify scam projects and bounty at the right time because we can not blame anyone in the end. I think the more we work wisely, the more we will benefit while choosing any project. I feel there must be some rules and regulations for new projects so that one can not think about scam any investor in that way we can expect some trust build up in investors' minds.
fraud projects will always be there but if we can choose them then we can minimize to get caught up in fraud projects. and if you rely on the rules it will be difficult because so far the rules have not been made much and now we have to keep doing it ourselves, therefore our knowledge is needed to find the original project

 
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December 22, 2019, 08:01:51 AM
 #274

Its hard to dodge scam project sometimes its look very promising. That why im not take a lot of campaigns, for now im only doing signature campaign. Even if you already did mini research you still trapped into fraud projects.
Absolutely true, sometimes after doing research and decide to do the bounty when impressed, the team members might have a negative plan at the end. We just have to be very careful when selecting projects for bounty and also it's good to follow bounty managers with high reputation or projects with very good backings. Sometimes some projects you expect little from pays well at the end, and some with high esteem tend to keep hunters and investors "in the dark". However, in as much as scam projects keep launching, we still have genuine projects with great vision giving us hope and encouragement.
It is possible that at this stage this is the right decision. Now it’s really not enough to choose a successful project. We also need the ICO team to fulfill its promise and pay us for our work. Under the same market conditions, we can either get just a few dollars, or even get nothing. If you participate in small efforts in many bounty campaigns, then the chances increase. The only problem is that there are very few good ICO projects.

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December 22, 2019, 08:10:37 AM
 #275

there is no way we can do to combat fraud in this cryptoqurrency space, it's just that you can still avoid it by not participating or not taking part in any project. I know that the fraud project has been here for a long time and it will continue the next day. this is a risk of becoming a part of the crypto industry.

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December 22, 2019, 08:20:24 AM
 #276

there is no way we can do to combat fraud in this cryptoqurrency space, it's just that you can still avoid it by not participating or not taking part in any project. I know that the fraud project has been here for a long time and it will continue the next day. this is a risk of becoming a part of the crypto industry.
Well it is hard to do so because our natural behaviour is to find bounties or projects and join them to earn some profit and sometimes we can't control ourselves once we see one but the best thing that wr can do is to do some research about what you're joining so that you can not be ignorant about it when you join and also it can help you figure out if that project ot bounty will survive for some time, indeed it is risky and we can't directly fight those things but some research and self-control can help us avoid and locate those kind of things.



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December 26, 2019, 07:48:24 AM
 #277

there is no way we can do to combat fraud in this cryptoqurrency space, it's just that you can still avoid it by not participating or not taking part in any project. I know that the fraud project has been here for a long time and it will continue the next day. this is a risk of becoming a part of the crypto industry.
Well it is hard to do so because our natural behaviour is to find bounties or projects and join them to earn some profit and sometimes we can't control ourselves once we see one but the best thing that wr can do is to do some research about what you're joining so that you can not be ignorant about it when you join and also it can help you figure out if that project ot bounty will survive for some time, indeed it is risky and we can't directly fight those things but some research and self-control can help us avoid and locate those kind of things.
Scam projects are the situation that we have to deal with as a bounty hunters it will not go away and will continue as long as there are people who fall in their trap.

Its hard to find a good project plus the situation of the market is not good for alts. Some bounty hunters that I know chose to become not active due to these reasons.

If you want to continue earning then help yourself to not be a victim of scammers because they will always be there even outside crypto.



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December 26, 2019, 08:39:32 AM
 #278

So far this year , a lot of scams have occurred in the crypto sphere ranging from projects scamming investors and as well as projects not paying hunters for their works.

What do you think can be done to counter this ill manner behaviors that has been painting cryptocurency bad?

I also experienced that so for now I am too lazy to joined for some releases ICO project because even the manager was trusted, in the end the campaign if did not scam, the token has no value.

 
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December 26, 2019, 08:50:44 AM
 #279

There are always two things go be worried about when promoting bounty projects, one is scam projects and the second is value of token after listing, there is no way to escape these two problems presently than just to keep on trying

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December 26, 2019, 09:20:39 AM
 #280

I have to be sincere with the forum, we should not expect to stop the operations of scam in crypto sphere but we should prepare for 2020 to limit our involvement in scam projects

i think the problem is not the forum but the investors it self. Many people just investing to a project without even checking the real background of the project before investing.
More people has been victimised not only becasue it is posted and promoted here but because they are careful enough .



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