My take on DeFi bounties

[CashbackLover]

Almost 99 percent of DeFi projects in bounty section are scam, you can say I have no prove but this is just my normal thought.

1. Why are almost all bounties released today DeFi projects?
2. Most of these projects have no information about team
( They are complete anonymous)
3. Majority of them are rushed, you can judge merely looking at website domain and designs
4. There are some that based on Uniswap wannabes


You can't compare these projects with real DeFi projects like introduced bounties like Oikos, Lattice, DIA, and few others, my advice is to be extremely picky after doing research

[cryptoaddictchie]

1. Why are almost all bounties released today DeFi projects?

This is the new flavor and favorites of majority. So its not shocking that most new projects will favor defi related.

2. Most of these projects have no information about team (They are complete anonymous)

This is because majority of them too are planning to do an exit scam which probably the case here. I know some of them might be legit but you can tell based on the product which one has really serious approach.

Furthermore, thats the only thing we can observed. But I will not pick any new bounty at the moment considering that chances are all of them are scam.

[bakasabo]

1. Why are almost all bounties released today DeFi projects?
2. Most of these projects have no information about team
( They are complete anonymous)
3. Majority of them are rushed, you can judge merely looking at website domain and designs
4. There are some that based on Uniswap wannabes

1. Because DeFi is a mainstream right now. Like ICOs were 3 years ago. Each and every project ran an ICO, even if they dont need a blockchain technology at all.

2. Because DeFi stands for Decentralized Finances. Main word Decentralized that has close connections to the word anonymous. Besides, even if you know who is in the team, that would not help much to identify who is real and who is fake.

3. Everyone wants to get a piece of a pie and try to grab as much funds as they can.

4. Most of Uniswap wannabes are not regulated at all and you can buy and sell everything there. Scam tokens, own tokens, copycats and etc. Uniswap exchanges are the easiest way to sell scam.

[meanwords]

You are not wrong though. DeFi hype is like the second coming of ICO which means a lot of investors will flock in it like a bird and scammers will take advantage of this. There's been cases projects exiting the market lately (like this thread https://bitcointalk.org/index.php?topic=5278771.0) and this will most likely continue until the hype settled down.

[Cnut237]

It's just like the ICO craze of 2017. Back then, there were times when it seemed like any new offering sold out almost instantly, regardless of whether or not the project was any good. It's the same now with DeFi. There are a lot of people who are willing to buy anything at all that says DeFi, the impression is that it's an all-but-guaranteed route to huge profits, when that's obviously not really the case. Basically it's unscrupulous people taking advantage of the huge FOMO surrounding DeFi at the moment.

[CoinThinker]

Defi is the fashion of 2020 in cryptocurrency and it is obvious that as you see some good brands come in some fake one come too, to abuse the name of Defi and get some money by scams when everyone is excited about Defi, especially Newbies, The best way to avoid Defi scam is to follow famous influencers on youtube and for bounties, just join to bounties running by good bounty managers.

[nicecrypto]

Almost 99 percent of DeFi projects in bounty section are scam, you can say I have no prove but this is just my normal thought.

1. Why are almost all bounties released today DeFi projects?
2. Most of these projects have no information about team
( They are complete anonymous)
3. Majority of them are rushed, you can judge merely looking at website domain and designs
4. There are some that based on Uniswap wannabes


You can't compare these projects with real DeFi projects like introduced bounties like Oikos, Lattice, DIA, and few others, my advice is to be extremely picky after doing research

i agree with you especially the No.2, the anonymity part is surprising because i really don't see why there is a need for it if they have nothing to hide but you know people go with the trend and the current trend now is defi, anonymous or not everyone wants a piece of the pie, in other words, some of the project are just for temporary gains, not for long term investors, earn while it is hot

[Princejebs]

This is nothing different from last year trend, you were here when IEO was making waves in different crypto communities, where project get pump with 500% - 800%, its not different from DeFi trend as well.

1. Why are almost all bounties released today DeFi projects?

You either you get paid for your Job or not, there are other successful DeFi Bounties I have seen and majority turned out to scam. This why everyone should avoid working for junior members, they don't have built reputation in the forum.
The best can also do is to avoid participating on them.

2. Most of these projects have no information about team
( They are complete anonymous)

Most of these projects are base on trial, team don't want any unforeseen circumstances to affect them in the future.

3. Majority of them are rushed, you can judge merely looking at website domain and designs

Only a simp will waste money on projects that want to raise hardcap of 7 ETH, I have seen many but there as some that worth the try.

[casperBGD]

1. Why are almost all bounties released today DeFi projects?
2. Most of these projects have no information about team
( They are complete anonymous)
3. Majority of them are rushed, you can judge merely looking at website domain and designs
4. There are some that based on Uniswap wannabes

1. Because DeFi is a mainstream right now. Like ICOs were 3 years ago. Each and every project ran an ICO, even if they dont need a blockchain technology at all.

2. Because DeFi stands for Decentralized Finances. Main word Decentralized that has close connections to the word anonymous. Besides, even if you know who is in the team, that would not help much to identify who is real and who is fake.

3. Everyone wants to get a piece of a pie and try to grab as much funds as they can.

4. Most of Uniswap wannabes are not regulated at all and you can buy and sell everything there. Scam tokens, own tokens, copycats and etc. Uniswap exchanges are the easiest way to sell scam.

agree with all points, it is a matter of common sense to see that all new projects want to succeed on the track of DeFi hype and Uniswap airdrop

and there is a one important thing that is underrated in Uniswap airdrop, and that is that, while all users and community received valuable airdrop, a very large part of that one goes to creators and developers of Uniswap, that could be considered millionaires now, and all other owners/creators/developers want to repeat that one

[masterrex]

Almost 99 percent of DeFi projects in bounty section are scam, you can say I have no prove but this is just my normal thought.

1. Why are almost all bounties released today DeFi projects?
2. Most of these projects have no information about team
( They are complete anonymous)
3. Majority of them are rushed, you can judge merely looking at website domain and designs
4. There are some that based on Uniswap wannabes


You can't compare these projects with real DeFi projects like introduced bounties like Oikos, Lattice, DIA, and a few others, my advice is to be extremely picky after doing research

I Agree with that observation Mate if you check those so-called Defi projects and their bounty campaigns in the Altcoin Section you already notice that it was just 1 or 2 weeks duration and mostly paid in Ether, for me that was too good to be true set up thats why you can rarely see any high ranking forum members that we're joining with those campaigns.

[joseyphil82]

If you know what real products looks like you will easily evade scam DeFi projects.

1. Stay away from projects that was built within short period of time, real projects takes time to complete and they are never rushed.

2. Don't promote DeFi projects that are just decentralized base only with no other use case, for example DeFi exchanges are better than ordinary DeFi projects, another example is chainlink or dia that are data based DeFi project, they introduce Oracle

[inanilujimi]

Currently defi is like a wind of heaven that can double your investment in Crypto, in no time. so don't be surprised there will be a lot of fraud going on there. the higher the benefits, the greater the risk that is in it.

[Reid]

Almost 99 percent of DeFi projects in bounty section are scam, you can say I have no prove but this is just my normal thought.

99 percent maybe too much. 80 percent should be enough to stay away from it.  

1. Why are almost all bounties released today DeFi projects?

Because it is the new hype.

2. Most of these projects have no information about team
( They are complete anonymous)

Some do, and some don't. They are trying to be like Satoshi.

3. Majority of them are rushed, you can judge merely looking at website domain and designs

Oh! That's one good point.

4. There are some that based on Uniswap wannabes

Mimic. Well, ain't it all already a mimic of the ICO projects. They are just repeating it.

You can't compare these projects with real DeFi projects like introduced bounties like Oikos, Lattice, DIA, and few others, my advice is to be extremely picky after doing research

First rule. DYOR.

[Icologies]

defi projects are now becoming popular and not necessarily all defi projects are profitable like the bounty thing i see more defi bounty very much
and many also just cheat on bounty hunters be more careful before joining the bounty, Maybe for now best bounty DEGO and you can join in there

[TastyChillySauce00]

Almost 99 percent of DeFi projects in bounty section are scam, you can say I have no prove but this is just my normal thought.

You can't compare these projects with real DeFi projects like introduced bounties like Oikos, Lattice, DIA, and few others, my advice is to be extremely picky after doing research

It should not around 99% but it must be less than it and the only legit bounty from the defi project was the dego finance bounty as the token has already traded on the MXC and uniswap. The rest have a very big chance to be the next scam bounties.
People must pay a lot of attention to how too choose the right project.

At least that percentage must be re-corrected again as it's not all defi bounty was scam and we must also talk based on the reality and data.

[Warkop]

Currently defi is like a wind of heaven that can double your investment in Crypto, in no time. so don't be surprised there will be a lot of fraud going on there. the higher the benefits, the greater the risk that is in it.

Yes, I agree with you, it looks like a lot of people who make the Defi project and give very sweet offers to attract all investors into their project after they get the benefit of everyone who invested in it then they disappear and just leave, or they give very long time to list their coin on the exchange, after that the price looks bad there and without everyone knowing, they didn't improve the market situation for their coin and they just left after getting huge profit from all investors.

[Bitbtc8]

1. Why are almost all bounties released today DeFi projects?

This is the new flavor and favorites of majority. So its not shocking that most new projects will favor defi related.

2. Most of these projects have no information about team (They are complete anonymous)

This is because majority of them too are planning to do an exit scam which probably the case here. I know some of them might be legit but you can tell based on the product which one has really serious approach.

Furthermore, thats the only thing we can observed. But I will not pick any new bounty at the moment considering that chances are all of them are scam.

The chances of finding a promising bounty project now is very low, most new bounties are riding DeFi craze only and they are useless , presently I'm promoting lattice project because is a real new crypto exchange project and also DeFi too, the team are fully transparency, all other projects aren't up to my taste but bounties are full of surprises some times, not so great projects can bring bounty hunters big rewards.

[rahmatullah9305]

defi projects are now becoming popular and not necessarily all defi projects are profitable like the bounty thing i see more defi bounty very much
and many also just cheat on bounty hunters be more careful before joining the bounty, Maybe for now best bounty DEGO and you can join in there

Why can DEGO's Bounty be the best this year? Does the project have good collaborative partners and have very good developments this year? because I don't know much about the project myself.

[yazher]

That's all because of the current trend, when the trend last year was all about IEO, you can see most of the bounties appeared in the bounty section was IEO and most of them turned out to be a scam. Thankfully, unlike before, now we have some people who quickly post every potential scam in the Scams Accusation board where you will find some information about some scam attempt of some new bounty that appeared in the bounty section. Now because of this Defi trend, we are seeing bounties that are related to Defi which we don't really know if they really a real project or not. It's better to check first the Scams Accusation board before joining any bounty to prevent your time to be waste if you are new to this kind of job. you can go here to check: https://bitcointalk.org/index.php?board=83.0

[Jackl87]

Defi became very popular in the last weeks and months, therefore there are a lot of imposters that want to board the the defi hype train with their own defi clone project.
Then some of those make a bounty and promise you like 500k$ worth of XX token in the bounty, but those 500k number is just based on a completely unrealistic valuation of their project.
Then most of those projects never make it to an exchange and all bounty hunters get nothign for their work.