Samayuki (OP)
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Activity: 574
Merit: 24
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May 03, 2020, 12:55:08 PM |
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It seems that some scam projects manages to get on exchanges and pretend like everything is normal, they have good aim of exiting scam by introducing bounty campaign that will take weeks and along the way while bounty hunters are promoting the projects some investors attention will be caught, after bounty is about to end the coin or token value will now dumped, by the team
As a bounty Hunter, we create awareness for them to attract investors and they will dump on us leaving bounty hunters with nothing, it seem this is the new trick now, Spyce and Blockburn and IMO did this, no more volume, there was dumps and bounty hunters received nothing
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NS-Soul
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Activity: 497
Merit: 110
arcs-chain.com
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May 03, 2020, 01:02:21 PM |
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It seems that some scam projects manages to get on exchanges and pretend like everything is normal, they have good aim of exiting scam by introducing bounty campaign that will take weeks and along the way while bounty hunters are promoting the projects some investors attention will be caught, after bounty is about to end the coin or token value will now dumped, by the team
As a bounty Hunter, we create awareness for them to attract investors and they will dump on us leaving bounty hunters with nothing, it seem this is the new trick now, Spyce and Blockburn and IMO did this, no more volume, there was dumps and bounty hunters received nothing
It was happening actually since then they did not care for bounty hunter, they did all their part but they dump like they are not exist but not all bounty some bounty have consideration and now a days if you didn't sell the token then it will have no value better sell early than to hold for long time and regret on it. |
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betty11
Copper Member
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Activity: 448
Merit: 3
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May 03, 2020, 01:03:52 PM |
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Spyce did IEO on Bw exchange a bot trading exchange and they have been trading there, when they had no more money, they plan for another IEO in probit coupled with bounty. I knew something was wrong. IMO was a scam from the beginning only the emotional blinded stayed with them. It was a useless model.
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LazerPanther
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Activity: 334
Merit: 10
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May 03, 2020, 01:12:23 PM |
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Spyce did IEO on Bw exchange a bot trading exchange and they have been trading there, when they had no more money, they plan for another IEO in probit coupled with bounty. I knew something was wrong. IMO was a scam from the beginning only the emotional blinded stayed with them. It was a useless model.
IMO is obviously a scam model, if we have the knowledge in this market then I believe we will see it and stay away. Only blind people are involved in their project, also I'm afraid with the projects already listed at the exchange, the price keeps going down when the bounty ends. It seems that this is a new form of scam |
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jossiel
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May 03, 2020, 01:17:14 PM |
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It's hard to know what are the actual legit projects that you guys should help and participate with their bounty program. This can happen again for the remaining and upcoming bounties that will show themselves somewhere in the near future.
During the bear market, many bounty projects stopped their ICO because of the unfavorable market that we had faced. And it was also the time that many project turned out to be a scam. If they are a scam from the beginning and it's part of their plan, they will remain like that.
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cytpoway121
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Activity: 1540
Merit: 68
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May 03, 2020, 01:18:05 PM |
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It seems that some scam projects manages to get on exchanges and pretend like everything is normal, they have good aim of exiting scam by introducing bounty campaign that will take weeks and along the way while bounty hunters are promoting the projects some investors attention will be caught, after bounty is about to end the coin or token value will now dumped, by the team
As a bounty Hunter, we create awareness for them to attract investors and they will dump on us leaving bounty hunters with nothing, it seem this is the new trick now, Spyce and Blockburn and IMO did this, no more volume, there was dumps and bounty hunters received nothing
The truth is that in the crypto currency sphere, anything is possible. But that does not stop you from doing the basics. Spyce, Blockburn has a good product, and i am sure once the pandemic is over, and life resumes, the gaming world would resume, and osiris browser will be used, and there will be demand for their tokens. They have interesting listings ahead, and nothing can stop a token growth, not even the team. With regards IMO, IMO was a scam project from the beginning and there were enough red flags. Why do i sound so confident? Hex team also dumped the market; but their platform released a feature, and it soared the price and everyone benefited from the pump and profits. Its not rocket science, its basic. A good project will always pump upon launch |
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Ridwan Fauzi
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May 03, 2020, 01:18:15 PM |
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This is why bounty campaign and project ICO have been leaved by some investor even most investor who aware against this scheme.
Even though they spend money to invest they will choose it as short term invesment which I think they choose a high risk.
You can see another project and I believe most of them will have a similarities. Even I can't differentiate a good and bad project anymore because most of them will dead eventually.
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BitcoinTurk
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May 03, 2020, 01:18:58 PM |
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It seems that some scam projects manages to get on exchanges and pretend like everything is normal, they have good aim of exiting scam by introducing bounty campaign that will take weeks and along the way while bounty hunters are promoting the projects some investors attention will be caught, after bounty is about to end the coin or token value will now dumped, by the team
As a bounty Hunter, we create awareness for them to attract investors and they will dump on us leaving bounty hunters with nothing, it seem this is the new trick now, Spyce and Blockburn and IMO did this, no more volume, there was dumps and bounty hunters received nothing
In fact, bounty participants are not guilty about the projects in the situations you mentioned. Generally, the only crime of the participants is that they are not doing research about the project they have participated in. In this case, the scam advertises the project and besides this, its efforts are wasted. Yes, if scam projects continue to occur in this way, maybe bounty campaigns may be affected in this case, but I definitely do not think it will end. On the other hand, for this reason, users may not participate in the campaigns, which means that the participation rate drops. Declining participation rates is both good and bad. |
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Coyster
Legendary
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Activity: 2016
Merit: 1247
Cashback 15%
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May 03, 2020, 01:24:08 PM
Last edit: May 03, 2020, 01:46:42 PM by Coyster |
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It doesn't seem to me like it's the end of bounties, what makes you believe the scam projects will stop(well it can if hunters stop advertising and investors stop investing for them)AFAIK they still get bounty hunters to advertise their projects, and investors to invest in their scam or shitcoin projects. They can't stop when it's still working for them. Use the search button to find the long list of ICO scam projects, and also search for threads users have complained of exit scams, fake volume, pump and dump, locked tokens etc, it's a very long list, but it didn't stop them from getting victims(because obviously they've been forewarned)so imo, it won't stop now. It seems that this is a new form of scam
It is not new with ico projects, it's as old as when 99% of ICOs turned scams. |
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maydna
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May 03, 2020, 01:32:38 PM |
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Perhaps, it is the end for bounties, but I am sure that we will see another bounty in different type will launch. The form will be different than we know now, but the point will be the same, which is each project will want to get the investor to join with them. It's like a recycle from year to year, and it is always happening in the future, but for now, I guess the developer and the team try to figure out what is the next trend that can explode like the previous years.
If one project can succeed in these hard situations, the other project will use a similar method as they will try every possible way to make sure their project will succeed too. The bounty hunters need to be careful to select the project because there will be many scam project that will follow that way to get the investor money and run away.
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preikaler
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May 03, 2020, 01:33:51 PM |
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not just the 3 projects that you mentioned but there are many more projects that ignore bounties and get nothing. selling in the beginning is the right choice than holding because most projects are full of crap
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bluebit25
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May 03, 2020, 01:35:44 PM |
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not just the 3 projects that you mentioned but there are many more projects that ignore bounties and get nothing. selling in the beginning is the right choice than holding because most projects are full of crap
The price of such projects looks very attractive. But after the bounty ends, we need to wait at least 2-3 months to be able to receive tokens from them. And by then the price had dropped many times from the beginning and we only received shit tokens |
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sinta23
Full Member
Offline
Activity: 668
Merit: 100
DogData
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May 03, 2020, 01:55:37 PM |
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not just the 3 projects that you mentioned but there are many more projects that ignore bounties and get nothing. selling in the beginning is the right choice than holding because most projects are full of crap
The price of such projects looks very attractive. But after the bounty ends, we need to wait at least 2-3 months to be able to receive tokens from them. And by then the price had dropped many times from the beginning and we only received shit tokens we must be carefull to choose the right bounties,before we decide to join in the bounty program. good project will be stable in the market for a years,not only 2-3 month. Or you can choose bounty program which gives payment through ethereum / bitcoin. |
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sayam
Jr. Member
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Activity: 1442
Merit: 2
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May 03, 2020, 02:05:36 PM |
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Sadly, it is true that they only used us to achieve their goals. And it is now seen in most of the cases. After do a lot of checking & research it's difficult to understand which projects are good & which are bad.
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irsada
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May 03, 2020, 02:09:58 PM |
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sad to see the current conditions, bounty Hunter used as bait to attract investors but most of them do not appreciate.
almost all new projects are never real, and usually end up in just a few months without trading volume.
does altcoin hype really cease to exist?
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Kaliecious
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May 03, 2020, 02:10:45 PM |
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indeed at this time there are many fake projects that do IEO on several exchanges, they run the project very early and finally when the price is good they throw away all the tokens.
well this is very detrimental to the prize hunters who have struggled to promote to attract investors when the tokens have not been distributed the price is down
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Kaliecious
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May 03, 2020, 02:15:58 PM |
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we must be carefull to choose the right bounties,before we decide to join in the bounty program. good project will be stable in the market for a years,not only 2-3 month.
Or you can choose bounty program which gives payment through ethereum / bitcoin.
yes you are right, bounty programs usually run between 2-3 months. during that time we worked but when it came time we did not get a fair price. so we have to be selective in choosing projects that we will work on. |
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FairUser
Sr. Member
Offline
Activity: 1344
Merit: 264
bit.ly/3QXp3oh | Ultimate Launchpad on TON
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May 03, 2020, 02:22:48 PM |
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Sadly, it is true that they only used us to achieve their goals. And it is now seen in most of the cases. After do a lot of checking & research it's difficult to understand which projects are good & which are bad.
Recently I saw many projects that became scams the same way. They were listed at the exchange and their prices were pretty great, but since they ran bounty the prices kept collapsing and the project was gradually dying. So I ask myself, what do they do it for ? There is clearly no benefit to them |
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Metall303
Full Member
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Activity: 891
Merit: 100
Oikos.cash | Decentralized Finance on Tron
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May 03, 2020, 02:25:38 PM |
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This is a negative reality and I think that we cannot be saved from this. Now scammers have become very tricky and they are as smart as possible. I think that those projects that you have listed will be a great experience for people. And I also hope that the reputation of the bounty managers who carried out these projects will be destroyed
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awakpane
Member
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Activity: 1274
Merit: 12
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May 03, 2020, 02:26:03 PM |
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In my opinion, if the scam project continues to spawn with their new tricks by leaving the prize hunters or investors, it will have an impact on the development of crypto. because people will be increasingly disappointed, it is not even impossible that people will leave crypto. therefore there needs to be strict action against the scam project so that investors and prize hunters do not suffer losses.
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