90% Of Project Bounties Are Scams

[Ashong Salonga]

Well, even though it was hard to admit, it is true that a big percentage of existing bounty projects in the market are scams. According to the OP it is about 90% which is really a huge percentage. Imagine only a remaining 10% are only the legible and payable bounties. Now, it is not surprising why people have this mindset and generalization that whenever they hear about or encounter a bounty project, the first thing that comes into their mind is that bounties are scams. Admit it or not, it is true to state and nowadays it is really hard to find legible and payable bounties among those numerous bounty projects that are existing in the market. What I can say is that to somehow lessen the chance of getting scam, always take precautionary measures like doing research about the project before engaging on it so that you can be able to assess if it is a legible project or a scam one.

[VDraci]

Im not finding it difficult to detect scam projects anymore simply because I've fall too much for scam projects in the past, now I know how smart scammers can be to achieve their goals, my advice is every scam projects have something to hide, with right questions you can identify bad projects

[criket]

Im not finding it difficult to detect scam projects anymore simply because I've fall too much for scam projects in the past, now I know how smart scammers can be to achieve their goals, my advice is every scam projects have something to hide, with right questions you can identify bad projects

it's a little difficult for new people to identify a scam project. for people who already have the skills, of course, it will be easy but until now I am still having trouble. however scammers prepare everything very neatly, that's what makes it difficult to distinguish. but for scammers who are careless and just from making a project, I think beginners can also recognize it.

[Baby Dragon]

Im not finding it difficult to detect scam projects anymore simply because I've fall too much for scam projects in the past, now I know how smart scammers can be to achieve their goals, my advice is every scam projects have something to hide, with right questions you can identify bad projects

it's a little difficult for new people to identify a scam project. for people who already have the skills, of course, it will be easy but until now I am still having trouble. however scammers prepare everything very neatly, that's what makes it difficult to distinguish. but for scammers who are careless and just from making a project, I think beginners can also recognize it.

Fraudsters uses various methods and techniques in order to get money or personal information from investors. It's the reason why it's a struggle for a person who doesn't have enough knowledge to identify a profitable project, except if they are willing to make some time learning things that they need to consider before investing. Personally, I've been deceived multiple times, but I finally learned my lesson that's why I consider my experiences as one of the foundation of my decisions.

[istiak2277]

Maybe it's because of the current market situation. Investors are not in a hurry. The market is also downward and most of the projects don't have any potential on it. Maybe the number is now 95% or more but there are some project that has something o it. If you use some of your time to do some research then you will find those unique project

[Review Master]

2019 was the worst year for the bounty hunters because there were more than 80% project which came with the same concept to work that were already in the market. In that situation , project do their funding and just tried to list their any exchange to satisfy the investors. But in the long run, many of that project lost their potentiality and also team were in the shadow. It was the worst for investors as well as the hunters. Nowadays, i see that it's happening again because many projects start with the same concepts which are already in the market. Also this projects start their bounty and many hunters are in confusion which project we should  choose to work. Not only this but also many bounty mangers appear in the market who are just launch any shit projects bounty without any research. That's really bad for the hunters.

[ADLANE33]

Maybe it's because of the current market situation. Investors are not in a hurry. The market is also downward and most of the projects don't have any potential on it. Maybe the number is now 95% or more but there are some project that has something o it. If you use some of your time to do some research then you will find those unique project

I've had experience of searching for worth spending money project and there were a couple and I invested in 'em.
Unfortunately, none of them were good enough to make it out there.
So at this point I'm not bothering myself finding another place to invest in, I just choose between known projects/stocks

[magnum cyber]

Maybe it's because of the current market situation. Investors are not in a hurry. The market is also downward and most of the projects don't have any potential on it. Maybe the number is now 95% or more but there are some project that has something o it. If you use some of your time to do some research then you will find those unique project
[/quote
it is not easy to research or find a good project as you wish, even every day many ICO projects come up with different concepts and offer benefits according to the information in the project work map but the fact is the opposite. It's not easy to find bounty projects that are truly worth following or profitable for investment too.

[cytpoway121]

90% Of Project Bounties Are Scams

If I see a project that appeared in 2018 until now has experienced a very significant setback. Most of them are con artists. Fraud that often occurs in the form of postponement of time, not paying the completion of the campaign, not being listed in the exchange, locking up tokens for a very long time, even some who cannot make withdrawals.

There is also something that happens with changes to the wallet payment to the platform in a short duration, so we did not know there was a change. And when we ask easily they answer the distribution period is over. Really we are like dealing with extraterrestrials.

They make campaign participants like their helpers. Change the rules of work as they please, some even delete from the list of campaigns, even though they have worked for up to a month.

Do they not think that we spend a lot of time campaigning for their projects.

All they have to know is that the services of campaign participants are very large towards the success of a project. It is they who continue to provide information to the public.

I hope the bounty manager can check each project before it is managed, and for cheat managers, stop cheating.

I think it has always been like that since time past, 90% of bounty program have always been scam or none paying.
The reason why it is obvious lately especially this year is because there are fewer bounty programs, and the gap is greatly felt.

Regarding rules change, it has been stated already that rules are liable to be changed by the team.
Just dyor, understand the rules before participation

[Cryptrx]

The current market space is difficult for emerging projects to compete in, except in the case of ieos on big exchanges. These bounties end up amounting to nothing because the projects struggle to make it to an exchange, struggle to get trade volume.

[acdc]

I think the rate of scam aridrop programs is even higher, from 2018 to now we've only witnessed bounty hunters complaining about scam bounty programs.
The best way we can avoid scam bonus programs is to carefully check the projects.
Checking out white papers, development teams, media websites is also a way to help people avoid scam bonus programs.

we just need more carefull when joining in any campaign, airdrop or bounty campaign have same thing. although we read carefully to whitepaper or anything else but if its time to be scamm project we could not avoid it. even project that running smoothly in their developtment suddenly could be scamm project. we often to see it.

It's a really sad thing for bounty hunters, sometimes people work for months but don't get anything.
A thorough inspection of the project before joining can help us reduce the risk of encountering fraudulent projects but it cannot guarantee that we can completely avoid them.

[MCDev]

Nowadays scam projects are very smart, you won't be able to see which ones are scam when you check out simple steps like that. They can easily plagiarize and create a fake development team,

Yes, fraudulent projects now have a lot of tricks to bypass inexperienced people, they can steal ideas or fake media websites.

now we just need to care about the partners of that project. If the projects have large and real partners, then those projects will certainly succeed

This is probably a very good idea, but very few projects get there. On the other hand, there are projects associated with major exchanges, but as soon as they go to the exchange, they pump and then dump.

[Vishnu.Reang]

There are multiple risk factors associated with the bounty campaigns. If any of these factors get activated, then you may not receive the bounty reward. First of all, only a small minority of the new projects are successful. So what happens to the others? They fail at the market and those who participated in the respective bounty project will be left with some worthless tokens. And even if the project lists successfully, there is a good chance that either the campaign manager or the promoter will refuse to make the reward distribution.

[Blackdeath]

In my own opinion, it is not exactly 90% maybe only just a 80% of it. The reason why other participants only thinks that a project is a scam because they don't receive their rewards on time, that is why they assume that the project is only just a scam, and sometimes their token don't have any good value in some exchanges.

[ScamViruS]

I agree with you. But here is another reason. Many times good projects and their ico cannot be successfully completed. So they cannot be listed on large exchanges, because they have not big money to do marketing and pay listing fees. People who do Bounties get the token but they cannot sell it because the price of the token is low. In the current market situation, 99% of projects are not successful. So it's not fair to expect much here.

[Jocuserious]

Really it's sad thinking for everyone bounty hunter who is depends on the totally bounty work. Actually many people in here no have knowledge trading or invest choice good coins. More people in here depends on the bounty work, and exactly it's to sad their can't participate available every project.

[Chuky92]

That has been the order of the day now, and sadly enough almost nothing can be done about it. They always add that, they can change the rules if they pleases and they won't say anything about it till the end of the bounty campaign then they will start enforcing rules which will please them which ranges from extending payment to locking payment or even not paying at all while giving excuses and when asked you will be banned. A project which struggles to have a successful sale and afterwards reduce allocation is justifiable and vice versa.
Any project which finds it hard paying for workdone lacks trust and reliability and if a project is not ready for any campaign, then they shouldn't launch it in the first place.

[BeginToMine]

Bounty now isn't same as bounty 2017,2018 and partly 2019. Bounty isn't paying like before the many are scams, many would promise to pay and ends up not paying hunters and many will list, scam investors and run. Some will pay half of your rewards after completing kyc and others will take years before they distribute. Bounty isn't like what we know. It's only few that pay as promised.

[mrdeposit]

I agree with you. But here is another reason. Many times good projects and their ico cannot be successfully completed. So they cannot be listed on large exchanges, because they have not big money to do marketing and pay listing fees. People who do Bounties get the token but they cannot sell it because the price of the token is low. In the current market situation, 99% of projects are not successful. So it's not fair to expect much here.

I know the Binance team has charged one new project 50BTC a year ago but have no idea about the current listing prices on the Binance exchange. The price matters a lot for bounty hunters, if they can't sell the tokens to the buyers, they will complain in all possible social media platforms like "when Binance?".

[Finestream]

I agree with you. But here is another reason. Many times good projects and their ico cannot be successfully completed. So they cannot be listed on large exchanges, because they have not big money to do marketing and pay listing fees. People who do Bounties get the token but they cannot sell it because the price of the token is low. In the current market situation, 99% of projects are not successful. So it's not fair to expect much here.

I know the Binance team has charged one new project 50BTC a year ago but have no idea about the current listing prices on the Binance exchange. The price matters a lot for bounty hunters, if they can't sell the tokens to the buyers, they will complain in all possible social media platforms like "when Binance?".

Most of the bounty running now can't afford to get listed in Binance, unless they use Binance platform on their IEO, but there are only few project using that since Binance are very careful in terms of evaluating the project as its their reputation is on the line here. What we actually need is an altcoins season, that would boost the altcoins market and would help few exchanges to gain trading volume.