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Author Topic: Scam Projects and Bounty . Way forward??  (Read 4416 times)
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August 05, 2021, 08:10:20 PM
 #481

There's nothing we can do, if I speak as a bounty hunter. but if I speak as an investor, of course I will be more careful in choosing a new project as an investment vehicle that I will do.. because we all know that investing in cryptocurrencies a high risk, especially for new projects.

This also applies to bounty hunters.
After all, they first of all raise the legitimacy of the project due to the massive mention of the project in the information field, it is obvious that the more hype the project, the higher the likelihood that investors will invest money in it. Therefore, the task of bounty hunters is to study projects and expose scammers.

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August 05, 2021, 08:32:38 PM
 #482

There's nothing we can do, if I speak as a bounty hunter. but if I speak as an investor, of course I will be more careful in choosing a new project as an investment vehicle that I will do.. because we all know that investing in cryptocurrencies a high risk, especially for new projects.

This also applies to bounty hunters.
After all, they first of all raise the legitimacy of the project due to the massive mention of the project in the information field, it is obvious that the more hype the project, the higher the likelihood that investors will invest money in it. Therefore, the task of bounty hunters is to study projects and expose scammers.
But not all investors are fools that who cant determine which project been hyped is a shady or potential scam. Everything could be checked and could be traced up from anonymous devs

to unrealistic roadmaps on which people could say if this one is really a legit project or not but its really hard to determine which project is good or bad when they are still on ICO phase.

So its still risky and nothing is assured.

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August 05, 2021, 08:42:46 PM
 #483

The only way to pervent this is to pervent newbie bounty managers that didnt care about the participants money...all bounties on this forum must be managed by veteran managers that have even the ability to hold the rewards and insure hunters money.

To do this, bounty hunters need to be careful not to join the bounty of the newbie account manager. Scam projects don't go to the best managers because they know that experienced managers will reject their projects. As a result, the scam project team is looking for someone who will manage their bounty campaign. Then the newbie account managers bring that project.

Now the bounty hunters are not aware that they have joined all the bounties, so far no effective action has been taken.

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August 08, 2021, 01:47:38 AM
 #484

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?
As of now we can't deny how scammer really spread in bounty that's why we should more alert and be good at all the time because this is the reason that our profits will grow.. More research for our own good and be smart at all the time.

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August 08, 2021, 03:00:18 AM
 #485

Basically, the manager of Small Rabbit is an honest person, but because he saw the big results in front of his eyes, he had to sacrifice the bounty participants.
Small Rabbit's manager he worked unprofessionally and he was one of those managers who dared to destroy his reputation.
Small Rabbit wasn't honest with his work nor with his bounty hunters.
It seems he was looking for an opportunity to scam a big amount of money, And he got this chance, he did it without thinking about how much time the bounty hunters have spent on that bounty. it's an unethical act did by Small Rabbit

This is the reason why I always say that, don't join bounties which run by newbies account it is not safe in any way, you could be cheated or you are helping scammers to deceive investors
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August 08, 2021, 03:45:13 AM
 #486

The only way to pervent this is to pervent newbie bounty managers that didnt care about the participants money...all bounties on this forum must be managed by veteran managers that have even the ability to hold the rewards and insure hunters money.

To do this, bounty hunters need to be careful not to join the bounty of the newbie account manager. Scam projects don't go to the best managers because they know that experienced managers will reject their projects. As a result, the scam project team is looking for someone who will manage their bounty campaign. Then the newbie account managers bring that project.

Now the bounty hunters are not aware that they have joined all the bounties, so far no effective action has been taken.
Don't you know that experienced managers can also be fooled by project owners. The crypto world is full of scams.
although a lot has been revealed but there are always loopholes for fraudsters to gain space in crypto.
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August 08, 2021, 04:10:52 AM
 #487

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?
It's very difficult for us to know it's a scam or not.. Maybe one way, I never want to invest with new coins. I always run the free ones when they pay or not, at least I don't lose money, maybe it's just a loss of time.

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August 08, 2021, 04:58:22 AM
 #488

It's very difficult for us to know it's a scam or not.. Maybe one way, I never want to invest with new coins. I always run the free ones when they pay or not, at least I don't lose money, maybe it's just a loss of time.
If you participate in a potential bounty project, you have the opportunity to invest as well because there is no guarantee that you can receive the distribution of bounty tokens on time or even delayed, we can profit from private sales in addition to tokens from bounty payments.

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August 08, 2021, 02:59:28 PM
 #489

This year since ICO or IEO were not that numerous than last year we can pick project that have potential knowing we're it is recorded in return as long as the venture have as of now it's own image or item. You should proceed to painstakingly examine the venture before you participate in it and leave the task at the smallest doubt of misrepresentation.


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August 08, 2021, 07:20:31 PM
 #490

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 don't think it's necessary to follow what they make, let them do this and don't let the opportunity to believe it, so that every project they work on is no longer in demand by many people, so what they do is sacrifice themselves.

The habit that makes the scam is the investor, not the one working on or handling the project, most investors are not responsible if the project is a scam, while the project holder is the victim of the investor.
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