My take on DeFi bounties

[istiak2277]

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

Yes and you can see most of them are short-term projects and someone is running those projects individually. Thats mans maybe someone just trying to grab some money. I avoided most of those projects except some projects that look pretty unique and legit to me. DIA, Oikos, and Lattice are some good examples of some good DeFi projects so far.

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[Rodeo02]

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.

Every time that there are new trend scammers is always there checking and want to take other people money by following the trend same thing with other crowdfunding from before . If they don't have any team details I don't think we should trust that money it's too obvious what they really want if they want to hide that important information . I am just amazed how that scammers always ready to use their own money as capital before making scam project . They are even preferred to pay participants with popular coins such as bnb trx and usdt .

[btcdie]

Scammers also follow trends to trick someone easily. that's why many DeFi bounties are scam at this time. because with the bounty, scammers can promote their project for free to find stupid investors. That is the importance of crypto education like in this forum, both investors and bounty hunters.

As I know before DeFi trend, IEO is also many scam projects.

[Byakuga]

Almost all DeFi bounties are scam and there are some DeFi projects with very limited max supply, they look very suspicious, do not invest money on such projects, safe yourselves from scammers and invest on better projects, promote only very good projects with teams that aren't anonymous and experts in blockchain field only

[SamboNZ]

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

A variety of ways to convince people to scammers. I'm amazed that they never get bored to keep on cheating everyone. When this will end ?

why would they get bored? I participated in LARP and they were able to gather 400 ETH by using a free eth contract coder. Lots of degen in this space that are always willing to risk their hard earned money for a quick flip.

[Marina5]

Lately, I have also noticed that these projects are being developed on a Uniswap basis.  Yes, it is true that their team is basically as active but their identity remains hidden.

[Mealea]

I quite agree with you based on the 99% you mentioned but I guess we still have that 1% that is not a scam, I knew of a Defi project that conducted a bounty campaign and paid the reward just a day after the end of the campaign, the team of the project is still working hard to bring more development to the project. Many Defi projects appeared to be a scam but we still have some that are real.

[Simakura]

Due to the recent popularity, many individuals who take advantage of making defi-based projects but without clarity, many of them commit fraud,And many bounties cannot be sold. They only make bounties to enlarge the community.

[trauchot]

Quite right, now scammers create a lot of cryptocurrency companies that are associated with defi sphere and they need to somehow promote their scam projects and therefore they come on this forum and create bounty companies and when you look at their projects, there is simply nothing there and you immediately realize that these companies are scams, so you must always be very careful.

[puremage111]

1. Why are almost all bounties released today DeFi projects?
Cause most of these scam/non-genuine project just wanted to drain money and run
Since DEFI is on fire, most people "gamble" on it

2. Most of these projects have no information about team
It allows easy rug pull and save their life

3. Majority of them are rushed, you can judge merely looking at website domain and designs
Thus, always keep track to see if the project is really genuine on building instead of just a protocol that is ready to exit

4. There are some that based on Uniswap wannabes
Definitely, Uniswap charges a 0.3% fee, anyone who actually make a good UI, lower fees can actually compete
But WHO can do so, we will see in the long run

[luckyflop]

Unfortunately, that's true, even some good bounty managers have been doing it and some got negative feedback for it , I remember Blockeye was a good bounty manager until he/she got scammed by one of this bounties and got negative feedback now I'm carrying a signature running by Hhampuz, hope it doesn't turn scam at the end!

[Ryushin]

Unfortunately, that's true, even some good bounty managers have been doing it and some got negative feedback for it , I remember Blockeye was a good bounty manager until he/she got scammed by one of this bounties and got negative feedback now I'm carrying a signature running by Hhampuz, hope it doesn't turn scam at the end!

That sounds scary, I'm currently promoting JACS from Hhampuz and to say the truth the project isn't as good as other few projects I promoted this year but Hhampuz as the bounty manager gives me the confidence, I do hope it worth the effort.

DeFi projects are presently getting out of hand, very soon it will end up just like ICO projects, con artists are taking every bit of advantages they can to lure and deceive investors.

[tycsols]

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

Yes, initially i was also attracted to a lot of new defi projects and campaigns but unfortunately most of them ended up being exit scams or the team rug pulled after receiving the funds in a fake tokensale so they are just taking advantage of the uniswap and decentralized ecosystem i hope measures would be taken to stop fake and scam projects.

[aemma]

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

You are not far from the truth, that is just the whole truth. From my own opinion, I think the reason why most people rush all the DeFi bounties without bothering about checking how true they are is because of the DeFi hype. The current trend now is Defi and since that has lead to massive growth recently, people now see DeFi projects as the best even though the team are anonymous and might have nothing to offer. To add to it, once Uniswap listing is confirmed, no one cares about due diligence but to participate and get their own share.
Just like you indicated, there is no doubt, there are good DeFi projects but one should be careful of the majority out there which are only using DeFi hype etc to achieve their aims of satisfying themselves.

[iamaruf]

Because of defi hyip scammers  doing this. They always try to scam with trendy topics. Actually the same situation was in 2017.  That time ICO was over hyped and scammers took the chance. Same thing happening right now. Also they don’t reveal the team members information.  They are telling because of decentralization they are doing this. Everyone should be careful about defi.

[Thomas-s]

Because of defi hyip scammers  doing this. They always try to scam with trendy topics. Actually the same situation was in 2017.  That time ICO was over hyped and scammers took the chance. Same thing happening right now. Also they don’t reveal the team members information.  They are telling because of decentralization they are doing this. Everyone should be careful about defi.

In any market, scammers will always appear and no one can change this. not only in the cryptocurrency market, scammers become active when a hype occurs, but also in any other market. Therefore, everyone should become professional and stay away from scammers.

[BitTraderCute]

Because of defi hyip scammers  doing this. They always try to scam with trendy topics. Actually the same situation was in 2017.  That time ICO was over hyped and scammers took the chance. Same thing happening right now. Also they don’t reveal the team members information.  They are telling because of decentralization they are doing this. Everyone should be careful about defi.

In any market, scammers will always appear and no one can change this. not only in the cryptocurrency market, scammers become active when a hype occurs, but also in any other market. Therefore, everyone should become professional and stay away from scammers.

our knowledge and experience will help us avoided from scammers. at this moment , while market starting recovery this scammer occur again. they will eyeing our assets or work. only dilligent research could help us did we trapped in scam defi project or not, most of them only survive for couple weeks only.

[warg2017]

I think you are so smart,i am totally agree what you say.The reason that so much scam DEFI project i take for this DEFI trend is the biggest factor.Scammers are not stupid,they know to take advantage of DEFI heat.The real DEFI is good,what we can do is opening our eyes and doing extremely research before take part in bounty.

[superving]

List of current potential Defi project bounties:
- DIA, the distribution of the first phase has been completed from a total of 3 phases.
- Dego Finance, distribution before 24 October
- Dfinance, distribution 2 months after mainnet on November 16th
- Oikos, successful bounty round 1 and bounty round 2 distribution seems dubious because it was not as scheduled.

So far only 4 Defi projects have been recommended and they are proven to be developing real products from the many defi projects on the bounties board.

Why they ban members on oikos telegram that ask when is the distribution. And another person send a pic of what the team said about when is the distribution and sadly they also ban him.

[deathcode]

I think you are so smart,i am totally agree what you say.The reason that so much scam DEFI project i take for this DEFI trend is the biggest factor.Scammers are not stupid,they know to take advantage of DEFI heat.The real DEFI is good,what we can do is opening our eyes and doing extremely research before take part in bounty.

Scammers will of course take advantage of the popularity of the DeFi project. as you said, now many projects have ended up being scams. we have to be careful in choosing the projects we support. especially in airdrops, now many people make fake coins that promise they will soon be traded on the DEX exchange.