Do your own research before opting-in

[Rowenta]

Be careful with altcoin bounties, they are mostly scam, I'm not saying all of them are but majority of them are not making sense, make sure you don't just join bounties without proper analysis, the most annoying ones are DeFi bounties, full of projects with no team information, do your part and save your time and energy.

[jessyj48]

Got it, I'm pretty sure many are already aware, there are some bounties in altcoin section that have no team, I wonder what gives the bounty hunters confidence to promote such projects, they are always in finance or DeFi crap, I'm sure ain't taking the bait, I suggest others should do the same

[cheezcarls]

This is why airdrops and bounties are for risk takers regardless of the outcome. You can’t stop these bounty hunters from wasting their time in being greedy, as they really care less about the anonymous team, etc. I can see that most of the projects ending with “Finance” are scammish and doesn’t have unique concept about yield farming, staking, etc., and making their team anonymous. Not even Uniswap listing could prove that they are for real, because there are some fake DeFi projects out there who are dumping their coins and tokens on Uniswap.

Nothing is perfect here. I suggest that you guys should not make airdrops and bounties your full-time job or career. Been there done that, and it’s my mistake. You should be doing more than just being an airdropper or bounty hunter. You can apply as an ambassador in their projects (but make sure that they pay you fair and square), or look for some crypto jobs that could pay you in Bitcoin, Ethereum, USDT, etc., that would support your daily needs especially in this pandemic. Just don’t accept a full-time job or ambassador work that they can only give you shit coins or tokens that are not tradeable (or even dumped) every month.

[Chrystora123]

Be careful with altcoin bounties, they are mostly scam, I'm not saying all of them are but majority of them are not making sense, make sure you don't just join bounties without proper analysis, the most annoying ones are DeFi bounties, full of projects with no team information, do your part and save your time and energy.

Doing more research and not carelessly joining in a bounty is highly recommended.  for example, this "Yearn Insurance" project, this project was detected to end up a scam because they had deleted their telegram.  Currently, the DeFi hype makes a lot of con artists not want to miss the moment to commit fraud.  so, always be careful..

[Stanlo]

True, we shouldn't depend on bounties and Airdrops since there is no guarantee of getting anything in return but I believe it's still worth taking a shot at, there are many success stories of bounty hunters who made insane amount of dollars, anyways, my own advice is to avoid rushing to promote projects, take your time finding clues, no one is chasing you so calm down and do your own research

[Boov]

Be careful with altcoin bounties, they are mostly scam, I'm not saying all of them are but majority of them are not making sense, make sure you don't just join bounties without proper analysis, the most annoying ones are DeFi bounties, full of projects with no team information, do your part and save your time and energy.

Will be and always a timeless reminder to each and everyone of us here who were actively participating in any altcoin bounties. It is so sad thinking that those scammers were just making those nonsense campaign leaving active participants hung up there without knowing that their effort will be useless. I already became a victim, which i ever did not realize that i am already in their trapped. And from this experience of mind it taught to be more careful and become wise enough to join in each bounties.

[tycsols]

Yeah and bounty section is full of such bounty campaigns, it can be easily judged that these projects and campaigns are scam.
I hope hunters will avoid such campaigns as they will not result in any reward, I have learnt the hard way by wasting time  and money on such campaigns i hope no more people will fall for these programs.

[VortecxZ]

yes you are right, before taking part in the bounty or airdrop it is best to do some research, before deciding to join, I have already felt a number of bounties and airdrops on telegram were quite a scam, some of them left their projects on the distribution date

[arjuna BTC]

Be careful with altcoin bounties, they are mostly scam, I'm not saying all of them are but majority of them are not making sense, make sure you don't just join bounties without proper analysis, the most annoying ones are DeFi bounties, full of projects with no team information, do your part and save your time and energy.

joining a bounty campaign is same with investing our time to the project
because if we joining any bounty campaign, we must have an extra time to doing the task mate,,
so, before people join any bounty, they must doing a deep research, just like if we want to drop our money to the project wich mean invest

[Daras]

Who will want to build a house without first make enquiries about the house (plan) he want to build,so also is opting in to any bounty campaign or investment,research about the campaign is a crucial and critical step which must first be taken in order to know the legitimacy of it,rushing into a campaign without proper research is a mistake which eventually may end in regret.

[bigcash2011]

Be careful with altcoin bounties, they are mostly scam, I'm not saying all of them are but majority of them are not making sense, make sure you don't just join bounties without proper analysis, the most annoying ones are DeFi bounties, full of projects with no team information, do your part and save your time and energy.

I have joined and promoted atleast 2 to 3 defi based bounty campaigns but the result is that i have not received bounty reward tokens from any of such campaign so i do think the same and we should avoid incomplete looking or low quality projects.

[disconnectme]

Anyone that just jump into any project all in the name of joining campaign and promising huge reward is likely going to waste his/her time with the project. I have always advice that you should carry projects you believe you can invest your own money into, if you don't see your time as an investment then good luck

[b1k4ng]

of course bro, I will do some research before joining the bounty because if it's wrong then I won't get anything, and it's true what you say if Defi is now very much hanging around the bounty, of course 90% of them are just scammers

[marissa23]

I also see that the majority of bounties are scams and should be aware of before participating in a bounty without research because it is just a waste of time promoting fake projects. Hope you follow the progress of the project and make sure the project is working according to the roadmap.

[StephenJH]

You must be new here, the bounty projects are nonsense for the experienced forum member, IMHO. There are better ways to waste the time and money because the investors never chase the bounty rewards if there is a higher potential for making money in investing. The ROI of 10% is better than getting the bounty rewards after 6 months of delay. DEFI and other new projects are mostly scams, better don't even pay attention to such projects. If there are proper ways to make money why I have to waste my time with additional stuff? Bounty scams increase every day just for this reason. Just my 2 cents.

[aemma]

Just as someone needs to research on every project before investing, in the same way and energy, there is need to study every bounty before joining in order not to waste your time. Talking about scam projects, it can be any project, be it  DeFi or otherwise, but with DeFi being the latest trend, there is need to be careful because the higher attention is still on it. Also, Defi stands for Decentralized Finance thus making the project team to act anonymous, but this can also be bad because exit scams can easily happen, groups deleted and the community will be left in the dark with no one to hold accountable. Nevertheless, although there are good DeFi projects out there, however it is also important to study any of them thoroughly before participating be it in bounty or otherwise.

[bttmember]

Looks like it is a pattern i am talking about the big trends and connection to bull runs. Last time back in 2016-17 there was huge trend of icos where billions were invested and then a huge bull run and this time we had defi boom so looks like next big bull run is just getting started now.

[blockman]

Looks like it is a pattern i am talking about the big trends and connection to bull runs. Last time back in 2016-17 there was huge trend of icos where billions were invested and then a huge bull run and this time we had defi boom so looks like next big bull run is just getting started now.

That's the pattern if we're going to compare it back then. And you can see that the effect took already when bitcoin reaches $13,000 and likely to cross $14,000 anytime soon. Back then, there were a lot of scam ICOs that got out after the bull run so it was around 2018. Today, likely the small bullish turn hasn't ended but the Defi projects are becoming more and turning to scam. OP is right that every bounty hunter must check and validate first the bounty and the project itself before joining.

[Princeofpoetry]

In fact, it is true, the DeFi project hype, scammers are trying to drain investors' money through the DeFi project, which has no clear progress and prospects for the future. they're just trying to get investors' attention with a good rewad. best way to avoid it "do deep research and always be careful, if suspicious leave it"

[Johnyz]

Be careful with altcoin bounties, they are mostly scam, I'm not saying all of them are but majority of them are not making sense, make sure you don't just join bounties without proper analysis, the most annoying ones are DeFi bounties, full of projects with no team information, do your part and save your time and energy.

Trusted manager wont work on a project with no team information so I still believe on them and I can work with some bounties but I have to agree on most of the project are scam and very few succeeded. Bounty work sometimes is stressful, its our job to look for those good project and bounties so newbies have to remember on always do your research before joining and participating, same with your investments.