ICO/IEO projects are lying to airdrop and bounty participants for a long time!

[kaneki007]

Almost all airdrops/bounties are like that to invite many participants who want to join. But i feel sad for the participants who joined because they were lied by the project and when they received tokens from their work thats didn't match their expectations

[Gi01]

i agree with what you are saying @OP, most of these projects promise bounty hunters of huge gains and rewards yet as soon as they list on exchanges their coins dump like hell. What irks me most is when amidst all these dumps they decide to hold bounty tokens for quite sometime before listing. This is cruel and makes hunters end up with absolutely nothing.

[btcdie]

The name of the project is also being promoted, so I think it's appropriate sometimes to save funds, one of the easiest ways to lie against bounty hunters. I think for now being a bounty hunter is not promising and it is very different in 2017. The project is currently desperately managing, in the current bear trend. maybe if next year the bull run really happens, there will be many promising projects, so that investors and prize hunters alike feel the benefits. 

[Aabcde]

Totally agree. Maybe it's part of marketing to attract airdropper or hunter hunters to be interested in promoting their project. But in fact the price of ico, ieo does not match the market price, causing disappointment. Yes indeed this is just a matter of word play between 'free $ 10' and free worth of blah blah blah coin. It is trivial indeed, but the impact is very effective on the thought of someone to join or not. Because the reference is the amount of money.

[shodik007]

Does any of the airdroppers and bounty hunters agree or not with my statement? Feel free to comment here!

as you said it's better but for me personally it doesn't matter if they want to use benchmarks with the final sale price. so far I know that the price is uncertain so I don't feel cheated

[Rodeo02]

Almost all airdrops/bounties are like that to invite many participants who want to join. But i feel sad for the participants who joined because they were lied by the project and when they received tokens from their work thats didn't match their expectations

Agree with this one. Ive been join many airdrop before and the thing really disappoin me is the value of the token after the crowdsale finish. If i know that the value is that small i will never invite many people to participate i wasted my time and effort.

[LordShanken]

Almost all airdrops/bounties are like that to invite many participants who want to join. But i feel sad for the participants who joined because they were lied by the project and when they received tokens from their work thats didn't match their expectations

Agree with this one. Ive been join many airdrop before and the thing really disappoin me is the value of the token after the crowdsale finish. If i know that the value is that small i will never invite many people to participate i wasted my time and effort.

Guys, but it's not that the developers are lying to you. The bounty campaign budget is calculated based on the price at which the token is sold during the ICO. What happens to its price after entering the exchange depends only on the free market.

[cheezcarls]

I appreciate what you guys have reacted so far. Some of you have agreed with me, but others are not, but it’s okay.

This is clearly something that I want to get out of my chest for a long while.

I know this is a marketing tactic made by ICOs and IEOs, but I call it as “false or misleading marketing tactic” where they made us all believe that these tokens received after completing tasks are worth $10, $20, $50, $100, $500, $1,000 or so.

However, it’s not for 99.99% of the time!

As investors, we are aware that the tokens we bought may go up or down in value. They do disclose to their investors that this is just ICO or IEO price and the exchanging depends on the market itself.

But as airdroppers and bounty hunters, we are being mislead (especially those who are new who wants to make extra free money in crypto) by them, making us believe that we will get that exact fixed amount in dollars or in our native currency. But in the end, most of the time, our tokens got dumped really hard.

This is the sad reality people. They just need to stop lying to us. We are being maltreated, downgraded or underestimated by these projects because they do not really recognize our time and effort in promoting.

So most of the time, we are working for “free”, as our tokens got dumped after trading is live in any exchange (except for a handful of good projects out there).

[Ailmand]

Some airdrop and bounty programs indicate the price of the bounty pool and aidrop value based on the ICO price and not the market price. It is somehow misleading because it is not clearly indicated in bounty boards or airdrop announcement.

[Palider]

I know how you feel, And it's really hard to accept because ICOs / IEOs are still fooling us on their airdrop campaigns. And no matter what we do we can't change their decisions here because this is how they attract more investors. 

So here is my advice to all ICOs and IEOs when you are doing airdrop and bounty program to participants.[/b]

Don't say "$50 worth of tokens". But rather say "$50 worth of tokens in ICO/IEO price", so that people like me may be aware that the reward we get is not what we expect. There is 99.99% chance that the reward we get are going down to shit, and only 0.01% chance that it would actually go to the moon!

And this is the worst they can tell us when we say 50 $ in their airdrop that we actually receive less than 1 dollar only.

[drumamat]

Does any of the airdroppers and bounty hunters agree or not with my statement? Feel free to comment here!

You probably do not understand anywhere.Here the world is ruled by cryptocurrency.In fact, no one knows how much the coins will cost after the IEO or ICO.Projects that hold IEO on the Binance exchange are traded after IEO at least at the price of x2.And no one is outraged. Everyone knows that volatility has not gone anywhere.

[shinratensei_]

that can still be considered as a lie to the bounty participants. Im fine if that will be having a fiat pair and that makes the value is a little bit better. For me, it's better for the ico and ieo teams to put the price after the token already traded on the exchange site.
that just need a small correction about the statement. The developer will still take the ico price as its base price to determine how much will be received by the bounty hunters.
I thought if that will be really fair for the team and the participants to take the price after it has already traded as the base price.

[piebeyb]

I am neutral not supporting anyone, but I think it's only natural that those project owners only pay using their tokens with the estimated value of their ICO or IEO price, not at the price when listed on the exchange, so if they are already listed on the exchange and traded, of course the price can go down from the price of ICO and IEO, I also don't blame bounty hunters to throw it cheaply it could be done by the project team too, in marketing techniques they usually put hundreds of thousands of dollars on bounty threads to invite many people to support the project, I hope you understand

[Clement Kaliyar]

Are we still trusting these ICO and IEO projects and if you take a study on the number of projects that started in the past three years, you cannot find many successful projects and many airdrops were started to collect data and it is a known truth that all these data are for sale in different sites that sells these data and many airdrops even introduced KYC and i am sure many provided those too, do not trust these airdrops and rather invest in top coins and if people are avoiding these scammers then we will have a drop in these scam activities in the market.

[Sterbens]

I know how you feel, And it's really hard to accept because ICOs / IEOs are still fooling us on their airdrop campaigns. And no matter what we do we can't change their decisions here because this is how they attract more investors. 

So here is my advice to all ICOs and IEOs when you are doing airdrop and bounty program to participants.[/b]

Don't say "$50 worth of tokens". But rather say "$50 worth of tokens in ICO/IEO price", so that people like me may be aware that the reward we get is not what we expect. There is 99.99% chance that the reward we get are going down to shit, and only 0.01% chance that it would actually go to the moon!

And this is the worst they can tell us when we say 50 $ in their airdrop that we actually receive less than 1 dollar only.

Therefore, we should not be easily fooled by ICO or IEO. I often see airdrops that they spend with $ 50 emissions, and in my opinion there is no price at all, fortunately, if sold for $ 5, it's also the same as a gift like that.
So we shouldn't trust airdrops too much with the conclusion of a big emitation of rewards

[lighpulsar07]

Well i kinda agree to that since some airdrop campaigns scams people for huge rewards and many people fall for it the issue was that don't put the amount how much it will be exchange since we don't know how much per coin if that hits exchanges

[cotton ball]

One thing that I really do not like about ICOs, IEOs, etc., is that they are misleading us for a very long time when it comes to the token price.

For example, there's one airdrop event in which you will receive an amount of tokens worth $10, $20, etc., and bounty rewards which you can get $50 worth of tokens for participating in a signature campaign.

But here's a harsh truth where ICOs and IEOs are lying to us for most of the time.

How can we say if the airdrop or bounty reward is exactly $50 where it can even get dumped in exchanges?

There is no guarantee that the airdrop and bounty tokens we receive are "fixed amounts" (unless if it's a stablecoin or popular one like BTC, ETH, XRP, etc.)

So here is my advice to all ICOs and IEOs when you are doing airdrop and bounty program to participants.

Don't say "$50 worth of tokens". But rather say "$50 worth of tokens in ICO/IEO price", so that people like me may be aware that the reward we get is not what we expect. There is 99.99% chance that the reward we get are going down to shit, and only 0.01% chance that it would actually go to the moon!

So to all ICOs and IEOs please, just stop lying to us about this!

I know most of you here can relate to this situation after so many months/years of participating in airdrops and bounty opportunities.

Does any of the airdroppers and bounty hunters agree or not with my statement? Feel free to comment here!

Why many IEO and ICO running with long time because they can't reach selling target for their coin and keep delay for listing and continue for selling on the next phase, when their schedule selling during for one month but their coin not sold out they will continue for several week later after their coin sold, different with airdrop coin receive by free and have exchange market listing although with lower price.

[Theb]

Don't say "$50 worth of tokens". But rather say "$50 worth of tokens in ICO/IEO price", so that people like me may be aware that the reward we get is not what we expect. There is 99.99% chance that the reward we get are going down to shit, and only 0.01% chance that it would actually go to the moon!

I think that's what they meant when they are saying "50$ worth of [insert token name]" in the first place because where would they even based their prices from if it's not from their own offered ICO price? I know it's really disappointing for some but this is how it works most projects here who doesn't have a lot of future will bump their offered price since this is what most devs think is the highest it will go at the same time be attractive for potential investors. So really even if you are just participating for the ICO even for it's bounty you should practice "Caveat Emptor" just like what other investors do by doing background checks for the project itself and not just joing multiple bounties as you can because you will just be wasting your time.

[romanij]

Now many ICO and airdrops collect personal data bounty hunters. They do this so that after listing on the stock exchange, the organizers could take advantage of it. Coins will fall in price but the organizers will have a large number of them which they will immediately sell. As a result, the price of the coin will fall further and all investors will find themselves with nothing. Today, this practice is very common.

[Bonwin]

cheezcarls, I strongly agree with you on your points and I think this is what every participant should have known, irrespective of the time that had been spent in the crypto space or how great the experience is.
We have actually seen a lot of things that happened during the era of ICO boom,  being replicated even now that IEO is trending, just that it is also dwindling.