Blockburn, A big Failure

[smyslov]

That's really unfortunate, but I guess, they are not the only one or two of those projects that suffered this kind of catastrophe. But I saw this blockburn project before and it seemed promising when they launched it. Didn't expect that they will be one of those that will fail big time. Really hard to find quality projects nowadays.

After checking and seeing this I don't think there is really future for this coin
https://www.coingecko.com/en/coins/blockburn#markets $0.00007642
It's not even traded on a good exchange very low liquidy, bounty hunting now is very uncertain, you never going to know what you are going to get.

[1715457552]

1715457552

[1715457552]

1715457552

[1715457552]

1715457552

[1715457552]

1715457552

[1715457552]

1715457552

[1715457552]

1715457552

[Questat]

Really hard to find quality projects nowadays.

That's the truth, if investors are having a hard time finding good projects, more so on the bounty hunters as they spend little effort compared to the investors, sometimes even if the project is really good, but if it's launch at the right timing, you can't expect success in the a short term.

[fvb]

Yes, this is not the first project with a similar development plan.  It's good that I did not invest in this failed project.  At first there was an idea to invest, but after studying the platform and conducting a deeper analysis, doubts crept in.  Intuition did not fail me.

[whyrqa]

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?

Yes absolutely. The majority of the projects are now scams and the situation of Blockburn is now quite similar to last year's WPP. Once listed on the exchange, it was worth about $ 0.018 but after only 7 days, its price started to plummet and now it is only $ 0.00005. WPP's team has also stopped working on telegrams and we cannot comment anymore. Therefore, if you invest in Blockburn, we are sorry and we have been scammed.

Exactly, both projects are the same. Prices dropped rapidly after being listed at the exchange, and eventually all the project members had left this market. We need to take measures to prevent scam projects like this, and chainx exchange needs to be responsible for this scam project.

I spent almost 4 weeks of my time on the Blockburn bounty and am very upset about the situation.  At such moments, I very much begin to wish that the activities of new projects would be under the control of the relevant structures, so that if fraud is suspected, even the judiciary will evaluate the team’s actions.  I would very much like that that violates the rules of doing business, was accordingly punished.  If this were so, then you and I were not worried about fraud.

[Falconer]

This project hides the real rate to attract many promoters from the campaign because beginners did not know the strategy of volume manipulation. Hence, they expect to sell tokens at $ 0.1 after the distribution is complete. Bounty already listing exchange is not really recommended to join.

[ATSgrowth]

This is the revenge for them. Cheating bounty hunters is not terrible behavior, they should be thankful for almost free work.. But as you can see they loose their credibility. Even when they had to distribute only 10 000USD in BURN tokens. 

[Pecunia non olet]

Lets list some other coins that didn´t distribute bounty coins among the bounty participants:
IDAP, QuantoCoin, Hitmex, TaChain, LocalCoin - do not know if all projects are still alive, but avoid them, they are not honest. 

[ub27]

I don't know but have always had that urge that this project isn't worth my time, many of my friends were rushing to take part in it and also knew someone that bought a huge amount of the token. I critically studied this project a d didn't see it for to participate in and so far it has turned out that my hunch was right

[Saisher]

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?

Yes that year but in the past there are so many projects like that, like Auctus, Credits that started with a good price and ended up pennies, and we will have many more, but the difference is bounty hunters are lost in this project as they are late to receive their rewards and cannot sell it for a profit.

[Psynthax]

That's really unfortunate, but I guess, they are not the only one or two of those projects that suffered this kind of catastrophe. But I saw this blockburn project before and it seemed promising when they launched it. Didn't expect that they will be one of those that will fail big time. Really hard to find quality projects nowadays.

After checking and seeing this I don't think there is really future for this coin
https://www.coingecko.com/en/coins/blockburn#markets $0.00007642
It's not even traded on a good exchange very low liquidy, bounty hunting now is very uncertain, you never going to know what you are going to get.

The future of the hunters that participated in blockburn campaign can be determined easily of the hunters will never receive their reward. The dump that happened with burn token looks very strange because it was going to the bottom instantly.
This project is not worth to be followed.
We will see there will be a lot of scam accusations toward this project.

[totoy4741]

It is totally a scam project. Why would they delayed the developments knowing that the project is doing good and their token is getting more attention from investors. Allocations in Bounty were not the big enough for them to run away, they might have thought that once they distributed the bounty rewards hunters would dump hard the tokens that would possibly make the price to crash so they exit scam during the value was still high.

[mdzahed134]

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?

Indeed, it’s looks like exit scam as far as developers activities. BURN token hardly dumped when IEO's going finished. The team's intention is suspecious, they already proved it to didn’t distributed payment. Blockburn project was pretty much promising, i think for the team's false promises all of the investors lost their confident.

[thisnewcoin]

Honestly, I was looking the Burn token since the first day of its launched and made a very good profit! But when they announced about IEO and swapped, I was shocked that what they gonna do. IEO was sold out within a very short time, I thought price will be very good but after listing on the exchange, price dumped incredibly, now I am sure the team did that! Right now I see Blockburn team members all are a mannerless and dishonest guy. They insulted bounty hunters and their words are like shameful! Don't invest a penny in this shot project, soon or later they can scam us.

[justdimin]

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?

There are those ones and it will always happen, not going to be the last one and certainly it wasn't the first one neither. There are tons of projects that starts and probably as soon as it starts you smell the rotten egg and eventually becomes worthless in general. There are many reasons for it, sometimes its purely just scam, they scam people and leave, but sometimes its just morons trying to build something and failing.

In the future be more careful about what you pick to invest in or just spend time on, but considering many people just got free bounty without really spending a dime, you can't really be upset about it all that much, think of all the people who might have actually bought this coin, those are the real people should be mad about it.

[kapalmabur]

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 have also participated in the Blockburn Project and its campaign, and indeed until now there is no clarity about sending their tokens to bounty hunters, I don't know whether they are Scammers or not, for sure the price is very low, prizes will also be low

[Metall303]

exit scam and team dumped is the same thing. I don’t know why this is happening, but it really looks very bad. most likely you should not hope that the project will continue to live. our time is wasted.

[princerepon]

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 guess you did a typo about coin price. I didn't saw BlockBurn reached that much ever. I will not go for scam cause it's really quick decision for the project i think. About team dump i recently saw a project who payment their bounty hunter after 1 year. Year ago that coin price was around $8 and that coin dump so hardly before they start distribution. Now that coin price is around $0.35. I mean what a joke. Who knows this thing is pre-planed or not.

[tanjiran]

Hi guys I opened a scam accusation against them  [WARNING] BLOCKBURN - FAKE BOUNTY - OFFENSES and INSULTS If you have other updates or did you want provide more information it would really appreciated.
~

No one has been payed, they delayed payment up to (?) unknown date!

Good effort, hopefully, the bounty hunter who feels this is unfair can provide experience and evidence. After the bounty ended, the distribution agenda was changed, not according to the initial rules. They reasoned because market conditions were not possible so that distribution was delayed for the next three months. I am still waiting for their good intentions, but seeing the responsiveness of the manager's bounty team who is less responsive, I am quite disappointed.

[erep]

Good effort, hopefully, the bounty hunter who feels this is unfair can provide experience and evidence. After the bounty ended, the distribution agenda was changed, not according to the initial rules. They reasoned because market conditions were not possible so that distribution was delayed for the next three months. I am still waiting for their good intentions, but seeing the responsiveness of the manager's bounty team who is less responsive, I am quite disappointed.

Always reasoning after the bounty is finished, like other bounties, it is only an excuse because the market conditions that delay distribution are nonsense, token trading has worsened. Now I think that bounty hunters are fed up with accepting shitcoin.

[daniahya]

Good effort, hopefully, the bounty hunter who feels this is unfair can provide experience and evidence. After the bounty ended, the distribution agenda was changed, not according to the initial rules. They reasoned because market conditions were not possible so that distribution was delayed for the next three months. I am still waiting for their good intentions, but seeing the responsiveness of the manager's bounty team who is less responsive, I am quite disappointed.

Always reasoning after the bounty is finished, like other bounties, it is only an excuse because the market conditions that delay distribution are nonsense, token trading has worsened. Now I think that bounty hunters are fed up with accepting shitcoin.

many bounties like this they always postpone paying bounties and I wonder why they don't specify date, they only tell that distribution will be done 3 months, it seems like they will delay again after 3 months because I often see bounties like this