My take on DeFi bounties

[desticy]

As practice shows, DeFi projects do not need advertising too much. Even bizarre-named coins, created for fun, are gaining a capitalization of several thousand dollars out of nowhere.
As in the past, very few good projects will resort to bounty services, which is why most of ANY bounties, including DeFi , will be very dubious. But this does not mean that we cannot be lucky to meet a good project. As usual, 2 out of 100.

[plr]

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

Obviously scammers are going where the money and the hype is, it's a fact now scammers have invaded DeFi, and it's investors fault if they did not do enough research and scrutinize projects that they are interested to invest, right now this early people have lost a lot of money because of these scam DeFi.

[albon]

As practice shows, DeFi projects do not need advertising too much. Even bizarre-named coins, created for fun, are gaining a capitalization of several thousand dollars out of nowhere.
As in the past, very few good projects will resort to bounty services, which is why most of ANY bounties, including DeFi , will be very dubious. But this does not mean that we cannot be lucky to meet a good project. As usual, 2 out of 100.

As happened in ICO, the same scenario will be repeated again with deFi, but deFi projects will be more dangerous because scam projects will exploit the concept of decentralized financing to deceive investors and they will hide the team behind the project, I think after several months from now, having an honest project will be like searching in a maze, due to the large number of projects that will exploit the name of the deFi system.

[bigcash2011]

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 am glad that most part of defi hype is over and now non serious projects will be completely wiped out of the market and this was suggested by all experienced members even during massive hype and trend of defi where fake projecgs were making easy free money because people were in fomo and chasing every new project without even reading about it. From now on only quality will matter and only top projects will be able to sustain.

[Plinteng]

as we can see nowadays Defi has become very popular in the last few weeks and months, therefore there are a lot of con artists who want to ride the defi hype train with their own defi clone project. or turn on an old project using the Defi system. but if you are interested in Defi, my advice is always to be careful.

[BayAngelo]

We know the drills here. whenever there is a hype or any bubble , the scammers utilizes the opportunity to create projects that are similar to the hype. what hunters are concerned are for the projects to pay at the end. we know projects that are real and are focus on what they are working on Not scammers looking for free money and when it fails, the exitscammed.

[Pithaxz]

Most of the defi-bounties are scam projects without actual teams, some of them don't even have standard whitepapers. I previously tried to participate in two of those bounties and all of them were scams. The best thing to do is to do research on a project before promoting it.

[Upgate]

The only Defi project that I have gotten my time, investment and attention is captainbitcoin. No ICO or bounty conducted yet, don't think they'll ever conduct any. They have 100k users on their platform within 3months. It's the fast rising defi project ever. Just watch and earn token

[Eternad]

As happened in ICO, the same scenario will be repeated again with deFi, but deFi projects will be more dangerous because scam projects will exploit the concept of decentralized financing to deceive investors and they will hide the team behind the project, I think after several months from now, having an honest project will be like searching in a maze, due to the large number of projects that will exploit the name of the deFi system.

I'm done with joining bounties that runs too long without guarantee of being paid. It all happens way back in ICO and still believe that it's possible in DeFi. If the bounty payment is already alloted or escrowed it can be good but waiting too long and some chance of making the bounty continue after the set date then its somehow unjust for the hunters. Better find weekly campaigns that are paying even in small amount than waste time in bounties unless it is indeed a good project that we really want to invest with.

[arabianhorse]

DiFi bounty is 99% fake or scam. I joined the bounty at about 8. But Not a single payment.

[rajakulam]

Now it's like the DeFi project era because there have been so many lately, so now we have to do more research before participating in a project, because many scam projects are looking for opportunities nowadays.

[Gotumoot]

The reason why we should choose carefully on every project that we would participate.
Don't just rush in because they said that they are DeFi project learn to check if they have potential to gain investor to continue their project.

[BDBitcoinExpart]

Your are right, but some project are paying token to bounty hunter. I got yLand token from their bounty.

[harapan]

1. Because now, of course, all projects take advantage of it
2. yes because they copied a lot of previous defi projects that didn't have clear information
3. They are in a hurry because they don't want to miss the hype, especially scammers

[bobyhodob]

Now it's like the DeFi project era because there have been so many lately, so now we have to do more research before participating in a project, because many scam projects are looking for opportunities nowadays.

I think all projects can have an indication of a scam, it's just that maybe it's not the time yet because the DeFi project is the same as when many people enjoyed the ICO project, so I think I have to be vigilant when wanting to invest or buy any coins.

[Kunnu]

These days in crypto industry defi is more trending than any other concept and almost every project owner wants to take advantage with this time and scammers are also taking advantage in the name of defi that's why they're launching many scam projects which looks attractive with defi concept only our deep investigation for any project can protect us, we must take steps very carefully.

[lifeinmountain]

mostly new Defi project comes after when Uniswap Airdroped 400 UNI And this will change the entire industry. new people think it's easy to make money from bounty and airdrops and new scam project will get benefit from it by launching there own Defi projects. They know people will join easily because of Defi Trend. And uniswap listing is also free. so they will do that easily.
but I think real defi project will not launch bounty,intead of they do the private sale and list there token.

[xOdiumNostrumx]

I agree with the concerns of other in this thread, but there is still a chance to score big when it comes to DeFi bounty campaigns. Just remember the DIA campaign, then the campaign of DEGO finance that is ending today, or the Radix one that will end this week and I am probably forgetting some more. So you just have to be very selective with them like always.

[tourist2079]

This summer, DeFi tokens showed growth by hundreds and thousands of percent, but now the DeFi market is in the stage of correction. Many projects received high marks, their capitalization reached a billion dollars, but then fell down. Many DeFi players seem to be waiting for the stock markets to unfold, the outcome of the US presidential election, and the Fed's decisions. Some are not convinced that now is a good time to start watching when the DeFi market hits the bottom.

[Jocuserious]

DiFi bounty is 99% fake or scam. I joined the bounty at about 8. But Not a single payment.

Of course now the number of scam projects is high and as new hype they are gaining this opportunity from defi. Although there are many good bounty still progress so you can participate. You have to keep in mind that scam schemes will always try to take advantage and there are a huge number of them so it is important to have your own search.