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Author Topic: How i define scam project?  (Read 459 times)
Raihan.arh (OP)
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May 30, 2021, 07:25:21 AM
 #1

I am new in crypto sector. I was participated many airdrop and bounties. but most of them were scam. They didn't pay their promoter.
Mpamaegbu
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May 30, 2021, 08:39:07 AM
 #2

Welcome to the world of disappointment with bounties reneging on payments to hunters. It's a common thing in the crypto space. Here isn't an exception. However, your first step to avoiding such from happening to you, is to stay clear of bounties whose managers you don't trust. Don't trust what you read from BM's threads here without verifying their trust. Also, avoid bounties run by newbie accounts without proof of escrow. Read reviews on managers for past bounties they managed. You can get genuine reviews by visiting the telegram channels and groups of BMs. If members therein complain of unpaid rewards for bounties which were concluded several months ago, then you know you should avoid such managers and the bounties they run.

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May 30, 2021, 09:12:28 AM
 #3

I am new in crypto sector. I was participated many airdrop and bounties. but most of them were scam. They didn't pay their promoter.
Check the team and try to search the names on different social media or just google them out. If it happens that there's no way to know the name of those people involved in that team.

You should check the whitepaper, have it read for a while, and assess if it's a promising project. Well, the Internet is going to be your weapon in figuring them out, you need to take time searching for those factors.

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May 30, 2021, 11:20:39 AM
 #4

Projects are created with many promises but you need to have a calm mind to think deeply. No achievement can be easily gotten so if you check the CV of developer team and see no past impressive record, don't take risk.

Some tutorials to detect scammers.
Collection of comprehensive guides on identify and avoid scam projects

Scammers are everywhere, on every platforms so please read those tutorials. Aims at the platforms you use most regularly.

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May 30, 2021, 11:48:41 AM
 #5

The easiest to identify a scam project is first, "TOO GOOD TO BE TRUE", there are a lot of projects that are the best in flowery words, promise there promise here. So, if you will start seeing some projects that like a guy promising a star to his girl, it will start to become fishy. So, you will start to do your research there and confirm.

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May 30, 2021, 12:19:05 PM
 #6

I am new in crypto sector. I was participated many airdrop and bounties. but most of them were scam. They didn't pay their promoter.

You should research first before joining in any form of bounty here in cryptocurrency business dude.
There are a lot of scam campaign that arise here in this field of business, and in Airdrops the majority are really scam only
few are true and legit just like what happened recently in UNI if you know about that. Rather than that I don't see other airdrops
program conduct like what Uniswap did before.
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May 30, 2021, 01:29:26 PM
 #7

The simplest solution is not to take part in bounty campaigns, because it's literally a wild west where everyone does what they want - and what's weirdest about this whole thing, no one is responsible for not keeping what they promised. I am not claiming that all projects are the same in the sense that they have bad intentions, but if I were to study 100 projects in detail, I doubt that more than 5 would be legitimate and with honest intentions.

The question is who has so much time to spend it just on research, and then again risks not being paid in the end after months of work. OP is an obvious example of a failed bounty hunter, so perhaps his example will deter others from following the same path.

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May 30, 2021, 02:03:50 PM
 #8

I am new in crypto sector. I was participated many airdrop and bounties. but most of them were scam. They didn't pay their promoter.
Never join in any of airdrop or those bounty again. Better to rank up and focus on join in any signature campaign which pay with bitcoin or atleast make sure the bounty amount has been escrowed before joined on there. This kind of scam isn't new thing as therr are bunch people fall for it too.
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May 30, 2021, 02:29:24 PM
 #9

1. You wrongly asked on the trading discussion board about the airdrop and bounty sector this should be moved to a more appropriate board.

If airdrops and bounties are your complaints why do you continue to promote them? You should think about how not to rely on bounties anymore because this is very difficult if they pay on time, you should focus more on useful posts compared to bounty reports that are full of spam, because indeed bounties and airdrops are always a scam and they only rely on promoters from every work.

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May 30, 2021, 02:45:15 PM
 #10

jusk ask about garanties , like did they have reviews at the forums, like that
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May 30, 2021, 06:35:51 PM
 #11

Nothing comes easily, if you really want to make something good out of bounties you have to get rid of your doubting spirit and keep going on because at one point in time you will be so lucky that your reward will cover for all those times you've spent thinking you wasted your time

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May 31, 2021, 06:52:14 PM
 #12

There are some scam projects that you can burst upfront with just some research but unfortunately there are also some projects that looks so well developed but have some bad intent at mind already, there is no fixed way to identify scam projects but you can limit your risks by investing only what you can afford to lose

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May 31, 2021, 07:44:05 PM
 #13

I am new in crypto sector. I was participated many airdrop and bounties. but most of them were scam. They didn't pay their promoter.
And this is where you should really make your own research and make verification in all of possible things that you could check before proceeding on joining
bounties even though it wont be that precise or make assurance but at least risk chance is lessen.

Check for:
•Project Roadmap ( Check if its realistic or not)
•Devs neither anonymous or not
•Realistic bounty pool or reward

This is why bounty hunting is already a shit nowadays but there are still people whom do love on dealing up with these things.

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June 01, 2021, 05:40:53 AM
 #14

I am new in crypto sector. I was participated many airdrop and bounties. but most of them were scam. They didn't pay their promoter.
Your question in the title and the OP dont really match but you are asking something similar.

In short there is no method to clearly mark a project as scam but there are methods to detect if a project is a possible scam. You will need to do some basic research on the project's owners, website, whitepaper, advisors.

Owners: can be fake images posted. But difficult to detect even with reverse image searches. They may have posted stock images as well.

Website: May be a recently registered website. Check their roadmap and tally their dates with the website. Usually a scam project will take the timeline way back than when the website was launched.

Whitepaper: May be copied from other sources.

Advisors: Many times we have seen well known crypto VCs getting their faces posted on scams and saying that they are advisors of these projects. Very simple way to solve this, log in to linkedin and send that VC a private message about the project and if they know about it. Most VCs who are active enough will reply and reveal if they did invest anything in that project or not.

But dont waste time on airdrops - I call them shitdrops for a reason.

 
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June 01, 2021, 05:58:50 AM
 #15

You have to avoid joining projects that are available for promotions, always be picky and you will have less disappointments along the way, make sure you follow reputable bounty manager as well and do good research on the project too before promoting, about airdrops just forget it because it's not going to worth the hassle even if they pay it's going to be penny

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June 01, 2021, 07:25:54 AM
 #16

I am new in crypto sector. I was participated many airdrop and bounties. but most of them were scam. They didn't pay their promoter.
Who are you fooling? you're new in crypto sector but had already joined Many airdrops and bounties? lol that must be a Joke  Grin

you are claiming to be a Newbie because you don't wanna be blamed of your stupidity of still joining scam projects.

and definition of scam projects ? you should have known that already being a victim for many times lol.

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June 01, 2021, 11:02:28 AM
 #17

Assume they are all scams. And then, I always say this and this is important.

Support a project you actually really like. Where the tokens you would actually not just want to hold but also to use. If you have no use for it, and will never use it, then do not go for it.

No use = will never succeed even if not scam.

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June 02, 2021, 03:29:16 AM
 #18

I am new in crypto sector. I was participated many airdrop and bounties. but most of them were scam. They didn't pay their promoter.
Welcome to the crypto.
You should participate in the airdrop or bounty that already created by the trusted project developers. If you were joining in the various bounties or airdrop that created by the anonymous developers and you may end with earn nothing.
You must need learn a lot about how to identifying the potentially scam airdrop or bounties. You are still new in crypto and that's way it's a common thing.
What you need to do to adapt with the environment of crypto. There lots of scam projects. Be careful. Try to see a quality of project based on the its code, track record of team and various things.

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June 02, 2021, 05:53:33 AM
 #19

Assume they are all scams. And then, I always say this and this is important.
The best way to prevent getting scammed is not take part in them at all. I agree with your point.

It is a bad thing that many VCs and retail investors have previously tried to back crypto projects and realized the truth that they cannot go head to head with a mainstream project of similar idea and that is what leads to the bankruptcy and failure of the crypto projects. The projects tried to publicize themselves doing airdrops and so on. But this has become a place for scams and free labor for the bamboozled bounty hunters.

Right now, the only thing that can be done to book future profit is buying bitcoin. No diversification into altcoins, if you have money to spare go to traditional fiat markets and buy some stocks, bonds, metals.

 
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June 02, 2021, 08:59:39 AM
 #20

It's not easy to find out which project will turn out scam, all you can do is be more selective in choosing the bounty you want to participate in and you can make a bounty list like what you choose to follow, for example, Who is the BM handles the bounty, what amount of prizes (don't be too tempted by large amounts), but whatever it is will not guarantee you can avoid bounty scams.

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