Blockburn, A big Failure

[H1N1]

I've never seen a big failure project like blockburn this year so far, in 2019 when this project was released it was trading at a whopping 0.93$, and after bounty was over, without sending any token to any bounty hunter the value is now 0.00007$, this will be the first failure project I promoted this year, the use case is something that should work as per my research but the question is, what happened? Exit scam? Or team dumped?

That is the proof that bounty hunters does not always causing the token price to dump.
If the token price already falling before they send the reward to hunters, then something wrong must be happened in blockburn.
You can find out what happened by tracing their eth address, the token movements and find out who sold the token.

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[OrangeII]

Firstly, i want to clarify that the project does not exit scam nor did the team dumped  the project because they are very much active on their social media account.
Meanwhile, i also participated in the project campaign but i can assure you that all the crypto related gaming network project are expriencing dump in price right now due to the pandemic.

Active in their social media doesn't mean they were not a scam project. Too much scam project who are doing this to avoid the scam accusation towards them.
I should remind you some project like bitclave, excudo and many more.

In addition, many projects are active on social media but so far have not had any development regarding the project. Well, but the reality is that this project is not a scam, it's just that the price has dropped dramatically and many people think that this situation is beyond reasonable. it looks like the team of this project needs to do something to increase the price of their tokens and restore the trust of its users.

[Anonylz]

I've never seen a big failure project like blockburn this year so far, in 2019 when this project was released it was trading at a whopping 0.93$, and after bounty was over, without sending any token to any bounty hunter the value is now 0.00007$, this will be the first failure project I promoted this year, the use case is something that should work as per my research but the question is, what happened? Exit scam? Or team dumped?

I think this should clarify the perception of people saying reward given to hunters are the reason price of a project dump, even when reward of burn are yet to be distributed the price of burn went from $0.93 to $0.00007, such a huge dump, I was also shock to see such a huge fall in price, maybe as a result of the market situation or the team doing something behind close doors who knows,
The project looked good, idea was great, price was also very good even before ieo and the swap but suddenly the huge dump, it is really hard to say what happened.
I join the campaign because of the initial price but unfortunately things are not as we hoped it to be.

[killerfrost]

I've never seen a big failure project like blockburn this year so far, in 2019 when this project was released it was trading at a whopping 0.93$, and after bounty was over, without sending any token to any bounty hunter the value is now 0.00007$, this will be the first failure project I promoted this year, the use case is something that should work as per my research but the question is, what happened? Exit scam? Or team dumped?

That is the proof that bounty hunters does not always causing the token price to dump.
If the token price already falling before they send the reward to hunters, then something wrong must be happened in blockburn.
You can find out what happened by tracing their eth address, the token movements and find out who sold the token.

The reason the bounty hunter causes the price of tokens to collapse is bullshit. Those are the worst reasons that projects devise to cope with the collapse of prices. The bounty allocation is only a very small amount so it is unlikely that the price will collapse so severely.

[makishart]

I've never seen a big failure project like blockburn this year so far, in 2019 when this project was released it was trading at a whopping 0.93$, and after bounty was over, without sending any token to any bounty hunter the value is now 0.00007$, this will be the first failure project I promoted this year, the use case is something that should work as per my research but the question is, what happened? Exit scam? Or team dumped?

That is the proof that bounty hunters does not always causing the token price to dump.
If the token price already falling before they send the reward to hunters, then something wrong must be happened in blockburn.
You can find out what happened by tracing their eth address, the token movements and find out who sold the token.

The reason the bounty hunter causes the price of tokens to collapse is bullshit. Those are the worst reasons that projects devise to cope with the collapse of prices. The bounty allocation is only a very small amount so it is unlikely that the price will collapse so severely.

That's true and those who are saying like that just speculate without know about the fact that is always happening. The team or investors itself who have been dumping the token and mostly hunters became vitctim caused by that.

that looks so bad to see people keep saying like that

[Teawhalee]

At least they are yet to exit scam, they can still redeem their image. They might say their plans was truncated due to the sudden pandemic. I really hope they will take up and prove again that they are serious about the project. To confirm again that bounty hunters are not dumpers of token prices.

[culuuton]

BURN's market capitalization is currently only approximately $30,000, the bounty campaign has to pay $15,000? This means they have to use half of the tokens in circulation to pay bounty hunters, which is not feasible. This situation their ability to pay is low, very disappointing.

Therefore, dev delays distribution because they are afraid that the tokens will become worthless, but sooner or later they will. Dev must do something so that capitalization can increase.

Do you still want them to pay BURN when it can make the token worthless? I think it's better if they use dollars to pay, that's the best way they keep their reputation and still ensure the value of the token doesn't decrease further, but then they shouldn't keep this amount for themselves, they should burn them.

[bitbollo]

BURN's market capitalization is currently only approximately $30,000, the bounty campaign has to pay $15,000? This means they have to use half of the tokens in circulation to pay bounty hunters, which is not feasible. This situation their ability to pay is low, very disappointing.

Therefore, dev delays distribution because they are afraid that the tokens will become worthless, but sooner or later they will. Dev must do something so that capitalization can increase.

Do you still want them to pay BURN when it can make the token worthless? I think it's better if they use dollars to pay, that's the best way they keep their reputation and still ensure the value of the token doesn't decrease further, but then they shouldn't keep this amount for themselves, they should burn them.

token is already worthless (yesterday was announced a listing on Lbank that doesn't happened).
They are not replying on forum (few days and they are offline from 2 months).
If you ask information in their telegram chat you receive insults ---> banned.

Did you think they want spend real cash (USD$) for paying bounty user?
Did you think they "have interest (any) in their reputation" after scam accusations and a lot of topic about their big failure.

OBVIOUSLY NO!

[kayvie]

At least they are yet to exit scam, they can still redeem their image. They might say their plans was truncated due to the sudden pandemic. I really hope they will take up and prove again that they are serious about the project. To confirm again that bounty hunters are not dumpers of token prices.

Are you really sure about that? Because it seems that they already did. Their product or their coin has no value right now, they don't give any update to their community. They shouldn't use this pandemic as their reason being unable to give updates because giving updates is the only assurance of the people who support this project.

[FairUser]

BURN's market capitalization is currently only approximately $30,000, the bounty campaign has to pay $15,000? This means they have to use half of the tokens in circulation to pay bounty hunters, which is not feasible. This situation their ability to pay is low, very disappointing.

Therefore, dev delays distribution because they are afraid that the tokens will become worthless, but sooner or later they will. Dev must do something so that capitalization can increase.

Do you still want them to pay BURN when it can make the token worthless? I think it's better if they use dollars to pay, that's the best way they keep their reputation and still ensure the value of the token doesn't decrease further, but then they shouldn't keep this amount for themselves, they should burn them.

Surely it will never happen, they left the project and now this project is dead. Look at their telegrams, the administrators have left and no one is active there. They made bounty with a budget of $ 15k but they chose to delay distributing it. The weakest and most miserly project in this market I know

[Zeke_23]

Surely it will never happen, they left the project and now this project is dead. Look at their telegrams, the administrators have left and no one is active there. They made bounty with a budget of $ 15k but they chose to delay distributing it. The weakest and most miserly project in this market I know

Yes, at first, they just remove those users who ask about the distribution of bounty but right now, there is no one remain there to answer a few questions about the project.
The project is safe to assume as dead/failure since the team already left the project, no distribution will happen nor developments to come.

[litepool.ru]

Surely it will never happen, they left the project and now this project is dead. Look at their telegrams, the administrators have left and no one is active there. They made bounty with a budget of $ 15k but they chose to delay distributing it. The weakest and most miserly project in this market I know

Yes, at first, they just remove those users who ask about the distribution of bounty but right now, there is no one remain there to answer a few questions about the project.
The project is safe to assume as dead/failure since the team already left the project, no distribution will happen nor developments to come.

We have wasted time with this project. But for those who have invested in this project, they have lost a great deal of money because its price has dropped hundreds of times. It's really terrible for new projects, this is an example for us to stay away from new projects for the time being.

[FireBallex]

Many are blaming bounty hunters for dumping tokens and killing the project but what about this blockburn project? It's now very clearly that some project team can also dump projects

[Etepo74]

I would say that the deflationary token concept or model isn't really fascinating to me.
Asides getting scarcer and scarcer what's the use case of such token???
A token should be a medium of exchange but it defeats that purpose because it gets smaller and smaller and in time everything burns out. Makes no real sense to me.
The price spikes at first was just a bubble, same with BOMB. in time they were bound to burst.

[DabsPoorVersion]

what happened? Exit scam? Or team dumped?

It is clear that the team dumped the price of their coin first before they exited.

If you will see their social media channel, Blockburn doesn't have any more updates since the second week of April, they started to become inactive like they don't have any problem they currently handled. The whole team probably enjoying the money they got right now.

[luckyflop]

At least they are yet to exit scam, they can still redeem their image. They might say their plans was truncated due to the sudden pandemic. I really hope they will take up and prove again that they are serious about the project. To confirm again that bounty hunters are not dumpers of token prices.

The group has been too quiet lately, I don't know if they have exited the scam yet or not. But they need to do something to protect their project, the price has collapsed too much and they need to buy back to help the price go up, otherwise the project will die in the next few months.

[Divinespark]

Many are blaming bounty hunters for dumping tokens and killing the project but what about this blockburn project? It's now very clearly that some project team can also dump projects

That's the bullshit, Bounty doesn't make too much impact on the project. If the bounty budget is too high, it may cause the project to collapse in a short time. But for a project like this, the collapse is due to the project being too weak and the team does not know how to develop the project

[Bananington]

Some new projects are just funny, when their coin starts doing well in price, the team starts dumping hard even after building trust. This is a deterrent factor to investing in new coins, and it affects even the genuine projects. Blockburn from onset copied BOMB deflationary token, their project aim wasn't concise till they added a project aim (gaming) which lured in more holders before the team dumped. We just need to be careful which coins we choose to hold long term.

[Iyeman]

Many are blaming bounty hunters for dumping tokens and killing the project but what about this blockburn project? It's now very clearly that some project team can also dump projects

The fact is really contradicted with so many blame that created for the hunters. The fact that if the scam projects rarely blamed by some peopl were only know to blame the hunters.
If the team has control over the coins and the team can dump it anytime. it looks like happened with this project.

[wingfield_crypto]

    I really thought the blockburn project would be a good project. Fortunately, I did not invest my personal money in this project, but I am disappointed that I participated in their bounty campaigns. The team is always to blame in such situations. After IEO, the project is in agony. A team that wants to save the project would bring explanations to people's questions, but they just ignore it, a sign that they are not interested.