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The bounty that you follow is a bounty that is designed to trap everyone who follows it, in fact apart from having to open an account on the new exchange they created, they also require to make a deposit with a fairly large minimum amount. Those are the traits of an exchange that will fool beginners.
I am also part of a bounty that does the same thing and there are many other bounties.
For now the practice is no longer practiced, new methods have been used, scammers continue to grow.
and last but not least the safest exchanges are popular exchanges like Binance.
I havent encountered that kind of modus yet but it isnt surprising that they do really came up with that idea as long they would able to convinced out people to make out some deposits into a scammy exchange and this is why its really important that you should really be always vigilant and be alert on things around you and dont get easily fooled and just avoid when it seems becomes too shady or a bit suspicious because our own common sense
will able to tell us which one should be avoided and which one should be engaged on.
If they ask to deposit first before we can trade our bounty rewards, that really be suspicious. And you then follow what they said, you are just making yourself a fool. No, no, had to stay away from this kind of exchange.
Ever since, I didn't encounter anything like that, maybe I was lucky that my bounty rewards before weren't listed to scam exchanges. Even we are a newbie, I think we also have common sense and that kind of tactic is very clear as a trap.
