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Author Topic: 90% Of Project Bounties Are Scams  (Read 1649 times)
Rimueng
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March 26, 2020, 05:11:55 PM
Merited by tk808 (1)
 #1

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.
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March 26, 2020, 05:33:56 PM
 #2

Could be higher now, the market is down and investors are not looking for new coins so those developers they are just gone after getting funded we have so many projects recently that scammed so many investors like Adab IronX, if the project is scam so are the bounties, you will either not going to get it or if you got it it will have no value in the market.
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March 26, 2020, 05:43:47 PM
 #3

Could be higher now, the market is down and investors are not looking for new coins so those developers they are just gone after getting funded we have so many projects recently that scammed so many investors like Adab IronX, if the project is scam so are the bounties, you will either not going to get it or if you got it it will have no value in the market.
I was also going to post this 90% is less now they are nearly 98% or 99% as most of projects are not good and attractive and investors also have nothing serious in them most of them are just waste of time nothing else I also have many thousands coins with no worth and they will never been in good in future.
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March 26, 2020, 06:13:43 PM
 #4

This is no longer news bro, all you need is just try to be careful not to fall in the wrong ones, especially when it comes to investing your hard earned money, if you didn't invest money but just your effort it won't hurt that much, nowadays, it is hard to see a genuine project that is actually committed to provide something to the public,  majority are scam project ready to run at the slightest opportunity.

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March 26, 2020, 06:31:38 PM
 #5

The market is experiencing a huge correction from the flooding it experience with lots of projects in 2017/2018 and as such, it has experienced a massive downtrend in even the prices of already established coin/tokens talkless of start up projects. Due to the turndown in the market, the investors left are very skeptical about the project they invest in and majority often opt in for already established ones.  I can confidently say some start up projects are genuine but the market isn't really favourable for them and at the same time, the entire cryptocurrency market is an unregulated space where scammers are mostly unknown till they exits scam.
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March 26, 2020, 06:33:31 PM
 #6

Unfortunately this is the current situation of the bounty market and it has been like this for months and finding good bounty campaign has been very hard now a days still i try my best to find a campaign that is honest and pays all participants, secondly you said that bounty managers should not take bad projects, i think as long as they are being paid weekly in btc,eth or usdt they will not bother about the quality because they are making money.

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March 26, 2020, 06:37:15 PM
 #7

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.


Unfortunately, there is a lack of respect for many project managers, who treat very bad rewards hunters by not providing them with the information they need. The rules you talked about, they have the right to change, if they announce of course that they have been changed and how they have been changed. A bigger problem is the fact that there are more and more SCAM projects, and the bounty hunters are working in vain.
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March 26, 2020, 07:34:07 PM
Merited by Ferris419 (2)
 #8

I feel very bad by seeing this condition of the bounty world! Bounty is not a slavery job but some dishonest project owner and some uneducated bounty hunters made bounty work like a slavery job. Bounty hunters are not getting paid, project holder keeps deceiving the hunters, they keep making difficult the bounty section. I have no idea when all of these things will be ended but it seems it's getting bitter day by day!

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March 26, 2020, 07:38:22 PM
 #9

I know how it feels to be part of a bounty campaign where we work so carefully everyday and then submit the report of work done every week and this continues mostly for 2 to 3 months on average and then when you are deprived of the reward it kinds of kills the worker/hunter from inside, i just condemn such people who do this to hunters and do not pay their right, the solution can be escrow reward to a reliable third party that will distribute reward after the campaign ends.

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March 26, 2020, 07:51:27 PM
 #10

Even now there are bounties that do pay but you have to be now more careful and vigilant before selecting a new campaign to promote, you should now research each and every aspect of the project before promoting it just to make sure that you will not be scammed, this way your percentage of finding scam bounties will decrease.

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March 26, 2020, 08:06:53 PM
 #11

90% Of Project Bounties Are Scams

If I see a project that appeared in 2018 until now has experienced a very significant setback.

This tread very useful if you give more valid data, if you provide evidence just not a statement. To say a scam also has a difference of opinion. So I think the scam here should be interpreted.

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March 26, 2020, 08:11:59 PM
 #12

I agree that it'd be a great thing for everyone if the campaign managers looked more thoroughly into the campaigns they're managing (most of the more popular one we see on the forum do), but unfortunately there's so many people out there willing to manage campaigns right now that even the scammiest campaigns are likely to find someone who's able to do the basics of a manager.

As for whether or not these will continue to pop up, I don't think we'll ever see the creation of scam bounty campaigns stop until it's unprofitable to do so. It's been happening even before 2018, and though it can be tough, you'll be able to figure out which ones are likely scams and which ones aren't in time if you're new.
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March 26, 2020, 08:30:42 PM
 #13

All they have to know is that the services of campaign participants are very large towards the success of a project.

False.
Altho they do play some part, 75% of modern bounty hunters do 20-30 bounties at a time, making their accounts a spam fest which most of the funnels ignore.
Besides, usually when a hunter has 10k followers on twitter, those are inactive bad accounts,

Only thing that could get some traction is a well written article (less than 1% of them) or a good youtube video that goes viral.

Having said that, i do stand by hunters in a way that projects should pay up for their efforts. But the reality is, most BM's can't do shit about it.
And even if the project does distribute, who's to say those tokens are worth anything. Even promising projects fail, or don't get listed


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March 26, 2020, 08:51:32 PM
 #14

This makes me remember an interesting topic I read in the past which describe perfectly why 99% of ico are 'absolute garbage' because they are giving a good percentage of their total allocation to random people doing specific advertising tasks like Facebook and twitter campaign with most of them full of bots accounts thus they are not generating any revenue and the bigger problem is that even legit bounty doesn't apply any form of tracking to evaluate the effectiveness of each participant.
Also, not having maximum numbers of participants lead to a hard dump on tokens price after launch as know hunters tend to sell their reward immediately when received.

edit: found it,  The fundamental problem with ICOs and bounty campaigns
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March 26, 2020, 08:54:44 PM
 #15

Bounty participants also have their roles to play. You have to be selective when it comes to what project to promote and the bounty manager to work with. A lot of things have been ongoing. Some bounty managers cheat, but there are some that are very sincere with their jobs. Which is why I select the bounty managers to work with. If you are still new in the system, I might not participate in the project you are managing, except I am sure that some measures have been put in place, to check that.
Although, sometimes, you can still find good projects, managed by newbies and pay bounty hunters with meaningful rewards. There have been some in the past, but they are not so many.
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March 26, 2020, 09:20:47 PM
 #16

Any reputed found involving in shady activities will get exposed sooner or later by the community so they will never risk their account's reputation for some bucks but when a bounty is managed by newbie or copper member then they have nothing to lose so choose wisely when you start with, there is no use of crying at the end.

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March 26, 2020, 09:22:42 PM
 #17

90% Of Project Bounties Are Scams

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.

Well, related to changes in rules, as far as I know, every bounty manager always gives a warning that changes to rules can happen at any time, so as a bounty hunter we cannot blame the bounty manager and dev because that is the rule that we must understand and accept.

We also have to update information, don't miss out on info so that we don't lose the opportunity to claim rewards. Don't just focus on quantity, support and work on campaigns according to your capacity. Be an educated bounty hunter.

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March 26, 2020, 09:46:40 PM
 #18

Yes, most bounties are a scam, this was why I ran away from bountyhives and choose to participate in a single bounty per time and most cases just the signature because I don't want to stress myself where I won't find any gain. Time is very precious.

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March 26, 2020, 09:50:55 PM
 #19

It's really sad bounties are not worth spending time on these days. I remember those days back in 2017 when you could make $3K out of one single bounty. Currently, I would not advised anybody to out his heart much in bounty because you are likely not going to get paid or the project will turn out to be scam.

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March 26, 2020, 10:13:33 PM
 #20

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

Some projects start with genuine intentions but the condition of the market make them lose their passion towards developing the ideas they had in mind when launching their project into reality. Some projects are also quite good in disguising themselves as legitimate projects just to get the approval of a professional manager and later scam the community therefore don't put all the work on managers.

As a bounty participants you should make the security of your fund and time as your number one priority and not to rely on others to do that for you. Carry-out personal research on selecting quality projects to promote and not associating yourself with any project you see out there especially those with "too good to be true" promises.





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