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Author Topic: Scam Projects and Bounty . Way forward??  (Read 2386 times)
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December 02, 2019, 01:42:40 PM
 #241

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.




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December 02, 2019, 01:47:42 PM
 #242

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.

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December 02, 2019, 02:42:27 PM
 #243

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?

There are no countermeasure we can do about this, they are not fool who tell us straight on our face that their bounties will eventually turned up into a scam in the end of their project. They will always put up a good intro and will give us false hope for us to support their projects, no matter how good their whitepaper is, if they are going to run then they are going to run.

The only safety precautions we could do about this is to abort mission as soon as we feel like something is not right, don't waste time if you are unsure anymore about a certain bounty or project.
For the time being, I really don't think there is a way to avoid scam projects before we participate in them. As you said, every project will certainly give you good hopes to attract investors to invest in it and sometimes it is used by some people to get money by making a project and hope that is so good and then take away the money they get, of course this makes many of us more careful before participating in a new project.
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December 02, 2019, 02:45:40 PM
 #244

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 think for the time being there is no way to detect a scam project. Indeed, the existence of the scam project makes us experience losses and failures in investing or when we participate as a bounty hunter, but from this we will have new experience and knowledge about how we will choose projects by comparing with the scam projects we have ever gotten so we don't repeat it again.


Agree, it is difficult to detect a new project as a scam because a scam project sometimes makes the project look legit. I think there are many hunters who are deceived even by members who are old and I think the bounty campaign needs escrow so that the hunter is still paid even though the project has no road certainty or failure.
It would be a different story if you follow bounty managers that cares about their reputation, bubbalex is among the few and i have never been denied of my bounty rewards once, the problem is bad projects might still be introduced by them but you will surely get your tokens

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December 02, 2019, 02:52:05 PM
 #245

Better research and pray for good luck, because nowadays even promising project might decide not to pay bounty hunters and you will see them trading on exchange with good volume, they sometimes take bounty hunters for granted

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December 02, 2019, 03:55:20 PM
 #246

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?
There's  a lot of crypto project now and there are many investor to want invest to them but they don't have any idea that the project are scam. And also for bountu hunters a lot of scam also because they want to pay the bounty hunters and investor are back outing.
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December 02, 2019, 04:08:30 PM
 #247

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?
There's  a lot of crypto project now and there are many investor to want invest to them but they don't have any idea that the project are scam. And also for bountu hunters a lot of scam also because they want to pay the bounty hunters and investor are back outing.

As there are some people who don't know how to analyze things, they don't want to bother to do research, they don't want to waste their time with this kind of thing, but when watching movies they will really invest their time on it or even prepare for it, so once we got victim of scam, 90% of it is our fault as we do have freedom to investigate but we failed to do so.
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December 02, 2019, 04:34:07 PM
 #248

Since the crypto space is still in its early stage, it is so hard to resolve this problem, I think that this is also a question of serious blockchain projects who want to provide transparency to the market. Not only them, we, as bounty hunter, are also responsible for our decision, we have to do DD about the projects we are interested in.

Well for Bitcoin , it ain't that early stage anymore. There were quite a lot of ICOs that turned out to be a scam that caused them the disappearance of themselves back in 2018 and right now we're currently or approaching the IEO age and it seems like the profitability for bounty hunters in these is still quite different cases due to difference of efforts to bust scams.

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December 02, 2019, 04:43:52 PM
 #249

The scams that occur in the cryptocurrency sector are numerous and serious. Especially recently are the salary fraud incidents of bounty hunters. Although the amount is not so big as other scams, it is also confusing people.
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December 02, 2019, 05:21:36 PM
 #250

Better research and pray for good luck, because nowadays even promising project might decide not to pay bounty hunters and you will see them trading on exchange with good volume, they sometimes take bounty hunters for granted
Well this is true, it happens many times a good project didn't wanted to pay the bounty hunters. Your effort was gotten nothing. Scam always exists and we should really do an assessment before joining that after at least we earn good for our effort.
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December 02, 2019, 05:32:35 PM
 #251

Better research and pray for good luck, because nowadays even promising project might decide not to pay bounty hunters and you will see them trading on exchange with good volume, they sometimes take bounty hunters for granted
Well this is true, it happens many times a good project didn't wanted to pay the bounty hunters. Your effort was gotten nothing. Scam always exists and we should really do an assessment before joining that after at least we earn good for our effort.
That's right! There are so many project that are good even though we do an background research about the project, many people will say that the project is good and legit but at the end of the project or the bounty, the project will be just missing and the bounty hunters will the one who will left behind so we must really be careful about this things because I have already encounter many projects that are in the first time they are so good but at the end they are also a scam project who are taking advantage the bounty hunters that help them to promote and raise the project.



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December 02, 2019, 05:43:04 PM
 #252

Deception in cryptocurrencies is very noticeable and deserves the involvement of the authorities. Many salary scams of bonus projects need to be addressed.
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December 02, 2019, 05:44:03 PM
 #253

Scam bounty and projects cant be totally erased from the system but can be curbed/reduced with the right measurement and poilicies. The best protection against this fraudulent tactic is to thoroughly research the individual team members of a project before you get yourself involve.
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December 02, 2019, 05:49:55 PM
 #254

At present there are many scam projects, and many bounties don't pay bounty hunters. I don't think a scam project will ever be lost in the crypto world, so many investors are fooled by the sweet promises of the scamer. I think this year there are very few successful projects, the rest are many projects that fail and scam, it depends on us bounty hunters to get a good bounty.

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December 02, 2019, 05:50:12 PM
 #255

Unfortunately, the largest number of scam projects will be directly related to the holding of bounty companies.
Indeed, for a bounty company does not need investor funds or initial capital.

It is enough to make the appearance of fictitious work as well as create hype on the forum.
However, one scam is not taken into account, the more scam is revealed on the forum, the faster the community learns to disclose such deceptions.

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December 02, 2019, 05:59:20 PM
 #256

At present there are many scam projects, and many bounties don't pay bounty hunters. I don't think a scam project will ever be lost in the crypto world, so many investors are fooled by the sweet promises of the scamer. I think this year there are very few successful projects, the rest are many projects that fail and scam, it depends on us bounty hunters to get a good bounty.
Unfortunately, it doesn't depend on me to prevent the project become scam. The few successful projects don't condone the consequences of the bear market, the bad market conditions don't let the promising projects to run their business in the crypto sphere. Scammers also see the abundance of fools in the crypto projects and they don't miss the opportunities.

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December 02, 2019, 08:01:03 PM
 #257

I really don't think that anything can be done, scam projects will keep on surfacing. We just have to be very selective as bounty hunters and investors, so we won't end up wasting our resources, efforts and time.

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December 04, 2019, 05:57:55 PM
 #258

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.

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December 04, 2019, 06:09:38 PM
 #259

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.
for now there are projects that pay with bitcoin for participant signatures, but the requirements are indeed high. according to comments from those who followed it was paid in an orderly manner. unfortunately I cannot meet the qualifications to take part. we still expect a lot from the bounty program

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December 04, 2019, 06:31:55 PM
 #260

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.
for now there are projects that pay with bitcoin for participant signatures, but the requirements are indeed high. according to comments from those who followed it was paid in an orderly manner. unfortunately I cannot meet the qualifications to take part. we still expect a lot from the bounty program
There are lots of scammers ever since I have started here. It is normal in this sector in terms of scamming since we are dealing with money but digitally. Even in a normal commerce that is happening and the only thing you can do to avoid scamming is that you should be knowledgable in every way, the idea is that you should be aware in every transaction you are making because at the first place you own money is at sake so you should be careful of your decision. You should not trust people you dont know, yes you can but you should study first.
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