Blockburn, A big Failure

[suryana]

Maybe you feel only one project, but for me that is something that is common in the Crypto world projects, Like Titanium (TBAR) where the price of their token is $1, but after their Developer has a legal problem, and put him into jail, then their project was abandoned, making TBAR prices worthless on the Exchange. So there are many reasons why a project fails.

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[makishart]

exit scam and team dumped is the same thing. I don’t know why this is happening

There's one motive why the developer was doing it and it's all about money. I thought that this will be running smoothly but after i the campaign have been running for a few weeks and i have seen something fishy especially from the manager.

They wanna get free promotion and that's why they were deceiving so many people.

[Republikcoin.com]

when the price is recovering, the price of this coin decreases. Well, I think that another decline will occur. as far as I know, this project creates a bounty program, and the program hasn't been paid yet. as we know, that the distribution of tokens from bounties can make market prices decline. however, this will make the bounty hunter sell their assets before the price becomes even lower.

[metenjean]

I am lucky not joined with this project because checking with reward for bounty participants little and I am not interested with this campaign, after updating price very low so sad for other participant waste their time without get reward in this bounty campaign project.

[riso2015]

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

If it's like that, then don't expect too much from obscure projects like Blockburn. I think they will continue to give any reasons for delaying distribution tokens to Bounty Hunter. Has anyone created a Thread on Scam Accusation about this problem?

[aioc]

Better open a scam accusation in the scam section, this is intentional they are late in distributing the bounty and they dump their shares in the market, the developer should be tagged, so investors will be warned about the reputation of the project.

[shaheer001]

Blockburn is looking good project as it is now on some good exchanges but I am also worried why the trading volume and the coin price is so low what happened to this project.

[bitbollo]

Blockburn is looking good project as it is now on some good exchanges but I am also worried why the trading volume and the coin price is so low what happened to this project.

LOL typical low quality post/spam.  What did you exactly mean with "looking good project"?

- Admin offline by a couple of months.
- Bounty not payed
- Telegram chat with rude/offensive staff
- Scam accusations without reply by them
- Price collapsed

Why the trading volume is so low? Have you read this discussion or you post randomly content in this forum?

[Leonardo7]

I particularly didn't participate in this project because they originally were into hyper-deflammatory algorithm, when they saw the failure of nuke, bomb half-life and the rest of the likes, they quickly changed the algorithm to deceive people the more, there was a time I asked them a critical question on their telegram group, I was insulted and I had to leave, you couldn't even type the word scam then otherwise, the bot will automatically delete it.  I have never trusted them, when I saw a large community promoting it here, I was thinking maybe they are now repented. A project whose trade was halted on Mercatox and started on a bot exchange and a death paradise-like BW. Don't always follow the crowd.

[mdzahed134]

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

Exactly, becuase after three months this will be worthless token undoubtedly. Now they said that not to give bounty rewards, also i am pretty sure they will be deceive if they didn’t set specified deadline. I know another one Azbit delayed over and over almost one year passed still tokens not distributed to arguing various reasons.               

[kaneki007]

I still don't think that blockburn is a scam because I saw that on their website this month they will launch IEO or list on hotbit and in June there are other exchanges. Maybe because the demand is decreasing because of blockburn hype only temporarily when the sale of tokens is still ongoing. I can't say if the team made the price dump.

[bitbollo]

I still don't think that blockburn is a scam because I saw that on their website this month they will launch IEO or list on hotbit and in June there are other exchanges. Maybe because the demand is decreasing because of blockburn hype only temporarily when the sale of tokens is still ongoing. I can't say if the team made the price dump.

You can sell rotten vegetables in hundreds of groceries. This will not pump the value since there is not a really usage for that.
Otherwise this is not a "decreasing demand" but price crash since Current value is  0.007710 USD vs 0.260958 USD (when they opened their bounty). If you still don't think this is scam, you can take tons of the token since it's worthless.
Admins are off line from a while if you ask information in telegram you will get insulted ... naaa it's not a scam, it's a well managed project OFC!

$27,667 Market Cap (less then a car, you can't pay even 1 year of salary with that amount, assuming ALL tokens are on admins hand!) and token has lost more of 99% of value

[ahmia39]

I am lucky not joined with this project because checking with reward for bounty participants little and I am not interested with this campaign, after updating price very low so sad for other participant waste their time without get reward in this bounty campaign project.

Yes, and the time wasted by the hunters is also not so long, because the duration of this campaign only runs for four weeks, after which it immediately died without any recent news until now, very sad.

[Denreal]

I am lucky not joined with this project because checking with reward for bounty participants little and I am not interested with this campaign, after updating price very low so sad for other participant waste their time without get reward in this bounty campaign project.

You can just sympathize with those that joined and at the same time, I think everyone should just look away and forget about anything good coming from blockburn. however, if it later turns out to be good, then fine, but my point is that all participants should focus on other things.
This is why I a not surprised that people do not want to join bounty projects, ost especially those that ay in their tokens.
However, if blockburn team can come out plain and work hard, there will be a come back for their project.

[Coin_trader]

I'm really close to do some necessary action to this matter. I'm still in the process of gathering evidences about the team shady move about releasing funds and price action.

My initial analization was:

It's not right to point out at this moment that the team sell off there token that results to price dump because there is a lot of whale investors during initial period that get a lot of early bonus. Possibly they are the one who dump the price on a tremendous price level.

The demend is too low due to pandefic which bring the world a financial that's no price wall that can prevent dump. One thing I don't understand was why will the team delay the bounty payment while it is just a small part of the total supply? I mean the bounty allocation is just small and will not give huge impact if ever it will sell off.

I'm already in touch to the team and I will try my best to sort it out for you guys. I don't have a lot of stake during bounty campaign but I hate project that ignore bounty participants after they use them for there promotion.

[Ken_terrance]

  blockburn deceived many bounty hunters successfully, and even investors who tend to hold are all in lose now, it's really a good advice to stay away from projects that can't handle the pressure of good questions on telegram, I find myself in this shoe but i thought I was wrong

[TheClownSong]

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?

Events like this often occur in the crypto market, selling tokens and listings on exchangers, after there is a high transaction volume at the exchanger developer team doing dumping. If this continues, investors will be afraid to invest in new projects for fear of loss or being deceived

[davide72]

I am lucky not joined with this project because checking with reward for bounty participants little and I am not interested with this campaign, after updating price very low so sad for other participant waste their time without get reward in this bounty campaign project.

you are lucky only at this bounty project next time it could be your turn,  this is a problem for all bitcointalk member not just who partecipated in at this bounty project. This is a problem that happens very often, something needs to be done to stop this trend on bitcointalk

[Iyeman]

Better open a scam accusation in the scam section, this is intentional they are late in distributing the bounty and they dump their shares in the market, the developer should be tagged, so investors will be warned about the reputation of the project.

Bitbollo has already created one scam accusation to the blockburn

https://bitcointalk.org/index.php?topic=5233059.0

I guess what we need to search the more evidence to support bitbollo with his scam accusation. The btt account of blockburn has already tagged too but it looks like we need more evidence

[bitbollo]

Better open a scam accusation in the scam section, this is intentional they are late in distributing the bounty and they dump their shares in the market, the developer should be tagged, so investors will be warned about the reputation of the project.

Bitbollo has already created one scam accusation to the blockburn

https://bitcointalk.org/index.php?topic=5233059.0

I guess what we need to search the more evidence to support bitbollo with his scam accusation. The btt account of blockburn has already tagged too but it looks like we need more evidence

Bounty Thread has been closed on 11 March 2020.

BlockBurn (admin profile)
Last Active:   March 12, 2020, 07:33:12 AM
Silence means consent