Scam Projects and Bounty . Way forward??

[Ozero]

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?

Of course, fraudulent projects have never been any progress for cryptocurrency and participants in this market. Most likely, they, on the contrary, discredit the cryptocurrency, as they present it in a negative light. Bounty hunters are not yet able to effectively deal with fraudulent teams of new projects. Disunity and our anonymity play a big role. In all likelihood, we will have to expect the regulation of this type of activity on the part of states. So far, the states are not in a hurry with this. On the contrary, it is very profitable for them to expose cryptocurrency as one of the tools of deception.

[Slash61]

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?

Of course, fraudulent projects have never been any progress for cryptocurrency and participants in this market. Most likely, they, on the contrary, discredit the cryptocurrency, as they present it in a negative light. Bounty hunters are not yet able to effectively deal with fraudulent teams of new projects. Disunity and our anonymity play a big role. In all likelihood, we will have to expect the regulation of this type of activity on the part of states. So far, the states are not in a hurry with this. On the contrary, it is very profitable for them to expose cryptocurrency as one of the tools of deception.

we can see some of it before the project finishes the campaign. but sometimes more people realize a new project is a scam when they are not listed on the exchange. or maybe after their main sale is over.
when we realized it all we've lost a lot of time supporting the project scam.
therefore now every bounty hunter must be really careful to do their job. I hope there are fewer project scams in this forum. it will only create growth for the crypto market.

[conected]

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?

First of all, there is nothing we can do about this move in cryptocurrency, because as a bounty hunter all we can do is follow their rule to get us paid, which is often they don't pay bounty hunters or they delay to annoy us. or for them they prefer us to accuse them of scam because they know in the end we are the one still the loser because they hold the funds, where it was raised in the campaign done by the bounty hunters via promoting it and wearing their banners and avatar.

- Allegations of scams can also only reduce their reputation but unfortunately, they are scammers who don't care about reputation and don't want to pay for advertising, we are their victims and quite a few investors are our victims, look at this circle, the scammer will win outright and sometimes they just need to change their identity a bit, their profile will be white again and continue to build the scam project. It is relatively difficult to fight these projects as they have no principles, we can only check for each participation to avoid harming ourselves and others

[lenovop-70]

All we can do just report it to admin, IMHO. We are just hunter here according this situation, and our risk is to be scammed or to be paid, its clearly understanding. We are on system, so we cant run or hide if bad situation like scam project happened to us.
Better check it carefully before promote their project and start to be hunter, but sometimes it is not useful too since lack of my own knowledge.

[viananda2525]

All we can do just report it to admin, IMHO. We are just hunter here according this situation, and our risk is to be scammed or to be paid, its clearly understanding. We are on system, so we cant run or hide if bad situation like scam project happened to us.
Better check it carefully before promote their project and start to be hunter, but sometimes it is not useful too since lack of my own knowledge.

when we got nothing from bounty campaign , the only thing we could only patient and accept this  with grace. we did several research to bounty campaign and find additional value from it , it should decrease scamm possibility when campaign done. the easiest thing by following popular bounty manager with profitable campaign history in the past, it represent their quality filtering projects.

[Alert31]

Always reminder that be careful and choose the right project to promote in bounty campaign. But still we can't avoid those scam project that only used hunters to ptomote their project and after that they refuse to pay. It hurts to the part of bounty hunter who works hard just to earn even a little money from this type of crypto job.  For me if you love joining campaign, just join and join and forget those scam project because you have nothing to do about that.

[BIN-BIN]

Ever since the altcoin boom of 2017, there have been a lot of scams projects their take investors’ money and run away.

But when we talk about scam, projects can we call a failed project scam just because the project can not continue or postponed but the team still active and the website still live.

[Xinarae*]

So far, if we talk about scams, it is very influential on things that have often issued bounties, it is more reliable, but the chances of you being accepted in the bounty are more difficult because usually they make restrictions not public

Yes, and maybe it's only a few and usually it's only thought by those who have not much experience in participating in bounties, because as long as the bounty campaign project is successful, the bounty participants will also find success after the distribution is done.

Currently the project is being scammed they are able to continue the projects due to lack of experience. They are fleeing I think you have to research projects to find success please check how active their teams are before participating.

[cunguks]

The important point is to be more selective, scam projects will always be around as they are used to deceive investors and bounty hunters, there is a lot of information in the previous thread to identify quality projects to reduce the risk of financial and time loss.

Actually, we can really see the scam project for real. especially for some on this forum. such as the Rushmoon project example and apparently the manager also made the RushMars project. how can they be trusted by just copying some information they stupidly created two scam projects.
although the platform has also been run and there is even liquidity there. I hope that no investors will become victims

[Boomber]

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 is nothing we can do, but maybe we should be more careful in choosing cryptocurrencies to invest, therefore I prefer to invest in cryptocurrencies that are already listed in biggest exchange (Binance, HitBTC, Coinbase, Bittrex, HotBit) and have product, because it is safer than investing in new cryptocurrencies.

[Tervelatuk]

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 is nothing we can do, but maybe we should be more careful in choosing cryptocurrencies to invest, therefore I prefer to invest in cryptocurrencies that are already listed in biggest exchange (Binance, HitBTC, Coinbase, Bittrex, HotBit) and have product, because it is safer than investing in new cryptocurrencies.

existing major coins will be better than speculate in MEME coin or token with no utility, we can find it on above exchanges with high liquidity so we should not be worry our token able to sold or not. New project actually have huge profit potency too if we able to screening and filtering which is will be hidden gem or be shitcoin. the thing we should to know , major coin come from new project which is have good support.

[slaman29]

Some projects are very easy to identify because they tend to have the same name and even copy some whitepapers from previous projects, the stupidity of scammers for not having knowledge of blockchain and trying their luck creating 2 almost identical projects. Thread Scam Accusations will help make it easier for you to avoid scam projects.

Nah, the biggest scams are the ones that actually put some effort into their whitepapers, pay expensive shillers (sorry, I mean influencers) to pretend they're so excited about it, and then even hire a team to talk and do stuff. All this with no intention whatsoever to put out a real project. If no raise, they say they don't have funds. Nice excuse.

The way forward is to make these projects pay and just not give them any of our crypto.

[distr@yopmail.com]

Some projects are very easy to identify because they tend to have the same name and even copy some whitepapers from previous projects, the stupidity of scammers for not having knowledge of blockchain and trying their luck creating 2 almost identical projects. Thread Scam Accusations will help make it easier for you to avoid scam projects.

Nah, the biggest scams are the ones that actually put some effort into their whitepapers, pay expensive shillers (sorry, I mean influencers) to pretend they're so excited about it, and then even hire a team to talk and do stuff. All this with no intention whatsoever to put out a real project. If no raise, they say they don't have funds. Nice excuse.

The way forward is to make these projects pay and just not give them any of our crypto.

I'm confused why they all want to help a criminal like that?
just for money? honestly, it's really bad. scam people with some fake projects.
I'm sure they don't leave, they will come again with a new project with a new identity and do the same thing to make money.

[isaac_clarke22]

~

You know that in the end of the day, they don't care being unethical as long as they are under the radar of whoever they are messing with. Governments, patrols, etc. You mention it.
It is money that they are after. I'd like to just throw it that there are many people willing to do something shady just for money.

[Darktongue]

I had a different experience from some new projects. We always want our control on everything. When we have, we can do anything that we want by scamming people. I'm giving an example of WPP energy. So many new projects did it. They started the swap tokens features during the highest cost of Ethereum. Some people don't want to swap, those investors are low and bounty hunters. The low amount altcoins value was lower than the transaction cost.

[Fredomago]

I'm confused why they all want to help a criminal like that?
just for money? honestly, it's really bad. scam people with some fake projects.
I'm sure they don't leave, they will come again with a new project with a new identity and do the same thing to make money.

you said it right, they are just going to round and keep repeating what they are doing since they are good in this scam business, keep repeating itself as long as there are people who are lazy not to do their dyor before participating with any projects.

Those scammers are always hungry for money, no doubt that after succeeding with their scam project another one will show up with different images and different approach.

They are good faking around as they can bring something realistic but it's all about scamming at the end.

[mrjoy15]

Each and every things has positive and negative side. By natural we can't do anything but accept it and go through with better understanding. Scam project and Bounty was before and will stay, the bounty model give the complete freedom to a project whether they stay or not. You can't trace in this blockchain industry, mostly use wrong details and obvious scam. 

[desticy]

Of course, bounty managers are people too, and they cannot always choose a "clean" project, sometimes they make mistakes.
This is not bad, the bad thing is that too many bounty hunters shift the responsibility for analyzing the project to the bounty manager and then scold him for the scam project.

[wmaurik]

Of course, bounty managers are people too, and they cannot always choose a "clean" project, sometimes they make mistakes.
This is not bad, the bad thing is that too many bounty hunters shift the responsibility for analyzing the project to the bounty manager and then scold him for the scam project.

Yes, actually in such a case it is very inappropriate to blame a bounty Manager because he also works in handling bounties and uses his time to provide all updates about bounties while the bounty is running, so it is not worth taking the blame.

[iged_war]

Of course, bounty managers are people too, and they cannot always choose a "clean" project, sometimes they make mistakes.
This is not bad, the bad thing is that too many bounty hunters shift the responsibility for analyzing the project to the bounty manager and then scold him for the scam project.

i think bounty manager do the best when selecting campaign , no one could predict what will happen in future. And bounty manager running campaign just like a gambling, at the end they could pay us and sometime of them scamm us. i see two campaign be scam recently , and we should not blame the manajer.