Cryptos scam, unpaid - protection for hunters.

[Cryptofamele7]

We all know we are in crypto. We join for our own risk. We search and try to find out the best and most potential project promoted by trusted managers. However some project turned into scam and some may not pay the participants due to underestimating the hunters promotion with low traffic.

From the past and recent issues with regards to scam projects and unpaid balance for hunters.

How we can anticipate this matter? How the hunters be protected by the managers or they are just a toy to promote the project and yet the team doesn't want to pay as they are already in success?

Yes, it sounds impossible but let us just try to discuss this matter.

[Jawhead999]

1. Escrow the bounty funds and make sure it's managed by trusted managers.
2. Never join any non-escrowed bounties if you fear the bounty won't paid you in the future.

Those 2 suggestions I provide above 100% will prevent from bounty scam and make bounty scam will go away since no one is interested.

[sapnu]

There were a lot of good bounty campaigns way back as well as scam campaigns. When choosing a certain campaign to join in, if is your sole responsibility as a bounty hunter to make sure that everyone in the team of the campaign you are joining are proven and tested to be worth working for. If ever you encounter one that is a scam due to your carelessness, unfortunately you cannot sue them as most of them are anonymous. So to avoid such instances, find those trusted moderaters or campaign managers and get a spot on their campaign specially if it looks like it will be successful soon.

[Digital_Lord]

You are right mate, there are many projects which have not paid us for our work to promote their project. Some projects always delay the Distribution and at the last time they refuse to pay reward. There can be two solution first bounty managers should escrow tokens before starting their bounty and second team should distribute tokens weekly.

[ecnalubma]

1. Escrow the bounty funds and make sure it's managed by trusted managers.
2. Never join any non-escrowed bounties if you fear the bounty won't paid you in the future.

Those 2 suggestions I provide above 100% will prevent from bounty scam and make bounty scam will go away since no one is interested.

These are probably the best remedies to make sure that bounty hunters will be paid for their work but it will not guarantee if the project is a real deal. Bounty hunting is dying, scammers only flock this forum for free promotions.  I used to joined a lot of bounties before during when the payment was really good until it became worse. There should be a reform in this, to stop abusers.

[Teraboy]

How we can anticipate this matter? How the hunters be protected by the managers or they are just a toy to promote the project and yet the team doesn't want to pay as they are already in success?

This can be done only through escrow but the question is whether the developer wanna escrowing the reward or not. So many developers didn't lose control over the fund for the bounty.
The multi signature wallet can also be a solution for this problem but i think escrow must become a new standard in managing the bounty.
That's why joining in bounty it just like a high risk decision. Sometimes you won't get pair for your effort.

[Kemarit]

Or join a bounty or project in which the token is already listed on an exchange.

I agree with the ecrow, but majority of the project didn't want this so it's really a big risk joining bounties, even during the peak in 2017, there are a lot who exit scam and there's no protection for bounty hunters. Even experience bounty managers are victimize by this scammers. So it's a gamble, if you get lucky, then you will be rewarded for your efforts, but most of the time, majority of hunters are not. And their effort are put to naught.

[coin-investor]

We all know we are in crypto. We join for our own risk. We search and try to find out the best and most potential project promoted by trusted managers. However some project turned into scam and some may not pay the participants due to underestimating the hunters promotion with low traffic.

From the past and recent issues with regards to scam projects and unpaid balance for hunters.

How we can anticipate this matter? How the hunters be protected by the managers or they are just a toy to promote the project and yet the team doesn't want to pay as they are already in success?

Yes, it sounds impossible but let us just try to discuss this matter.

This issue is mostly on ICO or project that launch crowdfunding there really risks here, risk of the failure of the project and risk of not getting paid, the best way is to only participate on a bounty that pays weekly directly in your wallet, bounty where the coin is already in the market, bounty where the token is escrowed by a reputable manager, we are all susceptible to scam project and it's something that we should analyze before joining one campaign.

[cabron]

Nothing can be done about them. The investors of the project couldn't do anything as well when their money is already sent to them. They couldn't even cry about it especially if they submitted KYC.

What you can do is not join the campaign that is obviously a scam. There are only a few of them that are legit and it's hard to identify. ITs best to just join the BTC paying campaigns.

[cryptoaddictchie]

How we can anticipate this matter? How the hunters be protected by the managers or they are just a toy to promote the project and yet the team doesn't want to pay as they are already in success?

Can't argue with some of it but they are right. Dont just join a random project hence pick an escrowed one or yet at least a reputable manager for altcoins. Cause surely no one will not received payment on btc signature campaign as mostly are handled by good managers. Its only on the case of altcoin where some who did campaign delay or doesn't pay the hunters even though the project is already running and trading stage. I am an altcoin bounty hunters before SO I knew how it feels to not get paid from a a campaign you did for so long.

[goaldigger]

1. Escrow the bounty funds and make sure it's managed by trusted managers.
2. Never join any non-escrowed bounties if you fear the bounty won't paid you in the future.

Those 2 suggestions I provide above 100% will prevent from bounty scam and make bounty scam will go away since no one is interested.

This is a best solution and its already happening on BTC paid campaign but with regards to altcoin bounties, there's still no guarantee even if its have an escrow especially if the escrow fund is also the token itself. Since most of the bounties are new project, most of them have no funds yet to escrow the campaign but they still able to work with some managers because they come into an agreement for sure. If in doubt, don't participate scam projects are the risk for bounty hunters you should also anticipate this one.

[PIR]

It is true sometimes there are scam campaign, some are legit but on along the way it does not succeed, some are not doing they best to make it last, and so the hunters are the one who is victimized by these. that why we need to find some campaign not only legit but also will push through with the project and explain clearly the situation and paid their hunters fairly so that in the end if they will have another project they will be trusted

[slashz9]

maybe by escrowing the token or allocating the total payment that will be given when the promotion is over, but only a few project / managers are doing that for now, and the ratio is arguably 90/10% for those who don't escrow.
but still without escrow people are still determined to join in and do the work, because they need money and don't have time to think about the risk.

[criket]

maybe by escrowing the token or allocating the total payment that will be given when the promotion is over, but only a few project / managers are doing that for now, and the ratio is arguably 90/10% for those who don't escrow.
but still without escrow people are still determined to join in and do the work, because they need money and don't have time to think about the risk.

escrow for unlisted tokens is just as ridiculous. except for projects that are already on the exchange, escrow will be very helpful. Honestly, no one can help bounty hunters with this problem. it all depends on the bounty manager and the bounty hunter itself. because everyone already knows the risks.

[irsykes]

Almost all people have same answer, about not get paid or paid less than what is promised, escrow is the key. About bounty managers, we know they wouldn't give their reputation on risk only for picking any project without filtering it. I think bounty managers already did their best too but sometimes it developer's team who really change what already they said in bounty thread.

[bitkanu]

Or join a bounty or project in which the token is already listed on an exchange.

This doesn't guarantee the bounty hunters will be getting paid. There are some projects that already listed on exchange site like STC and AME. both were also abandoning to pay the rest of rewards to the hunters.
These projects are also manipulating the result because they were so greedy after reached the hardcap.
The escrow is the only best solution for the hunters right now. i don't see any other solution other than escrow.

[TheUltraElite]

The manager's job is to manage the bounty and organize the bounty. It is not their fault if the project decides to scam its participants - in which case the bounty manager also gets scammed by the same owners. Most hunters here dont realize that the manager is one of the participants helping in promoting the project as well. They are also at the mercy of the owners.

In clear words, there is no protection for the hunters. The manager may choose to use an escrow to keep the payment secured. But that does not negate the fact that the owners can declare those coins as zero value in future or never get listed on an exchange - either of which the tokens even if escrowed are useless to the hunters to get any sort of payment. I am sure no grocery store in your city accepts some shitcoin, but they "might" accept bitcoin or ethereum.

Hence I suggest people to go for signature campaigns that get run by reputed managers and forget the dream of collecting some shitcoin that will remain shit throughout its life.

Shit does not turn into gold. Period.

[the rise]

I think there should be cooperation between managers and the community to get the best decision of the scam project to hunter, lately crowded with Studentcoin who do not want to pay hunter fully, and try to pay the manager through the back, but the manager is more concerned with the community, they prefer to attack the studentcoin project. Until now they've been trying to destroy it.

[wajik-tempe]

We have to make sure we already know the project that we want to join as a bounty participant, moreover for signature bounty because we only have 1 space for our account. Joined their community chat such as telegram, ask everything that would like to know and explore their teams, if we already sure about the project, then we join the bounty

[viananda2525]

Almost all people have same answer, about not get paid or paid less than what is promised, escrow is the key. About bounty managers, we know they wouldn't give their reputation on risk only for picking any project without filtering it. I think bounty managers already did their best too but sometimes it developer's team who really change what already they said in bounty thread.

looks like bounty hunter still didnt care about escrow, they prefer working and speculate about payment if campaign finished. obligation of using escrow still debateable now and developers team still careless about their reputation , meanwhile bounty manager that will be the one who blammed by many people.