Blockburn, A big Failure - page 10. | Bitcointalksearch.org

fortunecrypto

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Quote from: Doranile432 on May 01, 2020, 02:11:11 AM

I've never seen a big failure project like blockburn this year so far, in 2019 when this project was released it was trading at a whopping 0.93$, and after bounty was over, without sending any token to any bounty hunter the value is now 0.00007$, this will be the first failure project I promoted this year, the use case is something that should work as per my research but the question is, what happened? Exit scam? Or team dumped?

The one that really hurts is bounty hunters not getting any profit from this exit scam, I experienced that on so many projects, developers and investors making good profit and bounty hunters are hoping to receive while the price is good, this is one of the reason why bounty hunters should spend more time on doing a research on every project that they are promoting.

FairUser

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Quote from: Doranile432 on May 01, 2020, 02:11:11 AM

I've never seen a big failure project like blockburn this year so far, in 2019 when this project was released it was trading at a whopping 0.93$, and after bounty was over, without sending any token to any bounty hunter the value is now 0.00007$, this will be the first failure project I promoted this year, the use case is something that should work as per my research but the question is, what happened? Exit scam? Or team dumped?

Do not be too concerned about their prices. Bounty budget is $ 15k so the price will not be too important, we should pay attention to the volume and development of the project. Currently this project has no volumes and they haven't had any updates in the last few months. Most likely the project will collapse forever, and we should wait for the next 2 months to be able to draw the most accurate conclusions.

Krabby

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Quote from: freedomgo on May 01, 2020, 07:41:47 AM

Quote from: killerfrost on May 01, 2020, 07:17:03 AM

I forget this project when looking at its price. They have the option to delay distributing tokens, but I believe that if they do distribute, we will only receive junk tokens. We cannot sell them because the volume is too low and not enough for liquidity

That's the big problem most bounty hunters are facing now, they like to receive the reward right away without considering how the market is going, we are still in a bear market right now, and as we are seeing it, only few project do survive and very few which are successful, so we can't really expect, but this coin has dump a lot that it has come to the point that it will be having a hard time to recover.

Certainly it will not be recoverable. Go to their telegram and you'll see everything about this project. The team did not have any updates and they said that the project is developing slowly due to the impact of the disease. And they do not make a buy back like their schedule. And even though they had no volume at all, a project was completely dead

cahbagus555

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Quote from: killerfrost on May 01, 2020, 07:17:03 AM

I forget this project when looking at its price. They have the option to delay distributing tokens, but I believe that if they do distribute, we will only receive junk tokens. We cannot sell them because the volume is too low and not enough for liquidity

I think this happens often, prices fall far to the lowest point. It might be because the developer team is dumping the token and trying to exit the scam. If the bounty hunter gets paid, this makes the bounty hunters even more disappointed because the tokens they receive are less valuable

freedomgo

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Quote from: killerfrost on May 01, 2020, 07:17:03 AM

I forget this project when looking at its price. They have the option to delay distributing tokens, but I believe that if they do distribute, we will only receive junk tokens. We cannot sell them because the volume is too low and not enough for liquidity

That's the big problem most bounty hunters are facing now, they like to receive the reward right away without considering how the market is going, we are still in a bear market right now, and as we are seeing it, only few project do survive and very few which are successful, so we can't really expect, but this coin has dump a lot that it has come to the point that it will be having a hard time to recover.

killerfrost

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I forget this project when looking at its price. They have the option to delay distributing tokens, but I believe that if they do distribute, we will only receive junk tokens. We cannot sell them because the volume is too low and not enough for liquidity

kceekcee

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Quote from: Doranile432 on May 01, 2020, 02:11:11 AM

I've never seen a big failure project like blockburn this year so far, in 2019 when this project was released it was trading at a whopping 0.93$, and after bounty was over, without sending any token to any bounty hunter the value is now 0.00007$, this will be the first failure project I promoted this year, the use case is something that should work as per my research but the question is, what happened? Exit scam? Or team dumped?

You are very right my friend, not only did blockburn embarrassed our expectations, it was a huge failure, and i find it difficult to explain what went wrong after the ieo.
The team would deny dumping, and with bounty hunters yet to receive rewards; there was not one to blame lol.

The product thus have a future, and i believe gaming got halted due to the pandemic; once the pandemic is over gaming will resume and the project should rise.
They have exciting listing coming up too, except perhaps it is joke on their path; i smell a revival soon

matchi2011

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Quote from: Kunnu on May 01, 2020, 06:55:11 AM

After this kind of unexpected performance we can understand that this project was scam and this is very unfortunate for the bounty participants of this project who worked hard to promote this project and got nothing. We have to be more capable to pick the right choice with deep research and better understanding so we may take careful decisions.

Even you've done with such efforts but the project failed there's nothing to expect. It's a waste of time and efforts participating with such project, the bounty participants needs to forward and try to find other projects.
There's nothing to expect but to try again with another team adding efforts and criterias would help in choosing projects and teams to work with.

southerngentuk

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Quote from: Kunnu on May 01, 2020, 06:55:11 AM

After this kind of unexpected performance we can understand that this project was scam and this is very unfortunate for the bounty participants of this project who worked hard to promote this project and got nothing. We have to be more capable to pick the right choice with deep research and better understanding so we may take careful decisions.

From the start, they seemed like a good campaign and a promising project. But things got worse after they finished IEO, the price kept dropping and there was no volume. It was a sign of a scam and now it has come true

Kunnu

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After this kind of unexpected performance we can understand that this project was scam and this is very unfortunate for the bounty participants of this project who worked hard to promote this project and got nothing. We have to be more capable to pick the right choice with deep research and better understanding so we may take careful decisions.

ElmedoRator

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Quote from: Questat on May 01, 2020, 06:30:06 AM

This is just one of the project that was left by investors,.. the price is already at dip now, but you'll only accumulate if you still believe on the project.

as you can see below... you can see the dump and it has not bounce back anymore.

The price has bottomed out, and it is unlikely to go lower. If this is a good project, then I believe there will be lots of buyers and holds. Unfortunately, this is a scam project and it has made many investors lose money. Stay away from this shady project

KaratX

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Quote from: Doranile432 on May 01, 2020, 02:11:11 AM

I've never seen a big failure project like blockburn this year so far, in 2019 when this project was released it was trading at a whopping 0.93$, and after bounty was over, without sending any token to any bounty hunter the value is now 0.00007$, this will be the first failure project I promoted this year, the use case is something that should work as per my research but the question is, what happened? Exit scam? Or team dumped?

Not learning a lesson or two here at all will make you fall over to another near identical scam project, the problem of the project is the team, they even deceived bounty hunters that they are going a hidden top exchange in coming months, no wonder many were so hooked

I heard the BM is a weird person who can insult anybody, this alone is enough to exit because no matter how many question you throw at them you won't be answered or you will get blocked

Questat

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This is just one of the project that was left by investors,.. the price is already at dip now, but you'll only accumulate if you still believe on the project.

as you can see below... you can see the dump and it has not bounce back anymore.

bussybuddy

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Quote from: bitbollo on May 01, 2020, 06:27:20 AM

I think at this point, even if they will pay their bounty, with current market cap/volume and value of the token, it's like receive "sand" and a worthless coin (no one can't accept it, no value at all, price continue to collapse to... 0 ).
I was really surprised to see no replies for several weeks on their bounty application and their replies provided in Telegram are typical of illiterate scammers ...

Quote from: bussybuddy on May 01, 2020, 06:14:11 AM

You are right, they have stopped online at this forum since the end of bounty. And they delayed it indefinitely, I believe after 3 months. They will continue to find some new reasons to postpone it a few more times. Clearly a terrible project in 2020

Yep, if they make distribution at the present time, we can not sell them. Current prices are too low for us to expect from them. It is best to forget it and tag them so new people don't get stuck in this project. In addition, I have just gone through their telegram channel, they ignore questions about bounty and challenge people to create scam topics here.

bitbollo

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I think at this point, even if they will pay their bounty, with current market cap/volume and value of the token, it's like receive "sand" and a worthless coin (no one can't accept it, no value at all, price continue to collapse to... 0 ).
I was really surprised to see no replies for several weeks on their bounty application and their replies provided in Telegram are typical of illiterate scammers ...

Quote from: bussybuddy on May 01, 2020, 06:14:11 AM

You are right, they have stopped online at this forum since the end of bounty. And they delayed it indefinitely, I believe after 3 months. They will continue to find some new reasons to postpone it a few more times. Clearly a terrible project in 2020

pilosopotasyo

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Quote from: Doranile432 on May 01, 2020, 02:11:11 AM

I've never seen a big failure project like blockburn this year so far, in 2019 when this project was released it was trading at a whopping 0.93$, and after bounty was over, without sending any token to any bounty hunter the value is now 0.00007$, this will be the first failure project I promoted this year, the use case is something that should work as per my research but the question is, what happened? Exit scam? Or team dumped?

Unfortunately, it's both and that's what happens to project with no use case this is not the only project with a similar fate, in fact, there are a lot of ongoing projects that will end up like that, always check the community reviews and the people working behind the team how dedicated are they.

bussybuddy

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Quote from: bitbollo on May 01, 2020, 06:11:30 AM

Hi guys I opened a scam accusation against them [WARNING] BLOCKBURN - FAKE BOUNTY - OFFENSES and INSULTS If you have other updates or did you want provide more information it would really appreciated.
They never replied. Admin go offline a couple of days after their bounty campaign was finished on "March 12, 2020".

Token price dump very quickly after the closure of bounty campaign:
100 new token (1 old token) 0.007710 USD 01 May 2020
[Start of bounty 0.260958 USD (1 old token).....]

No one has been payed, they delayed payment up to (?) unknown date!

You are right, they have stopped online at this forum since the end of bounty. And they delayed it indefinitely, I believe after 3 months. They will continue to find some new reasons to postpone it a few more times. Clearly a terrible project in 2020

bitbollo

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Hi guys I opened a scam accusation against them [WARNING] BLOCKBURN - FAKE BOUNTY - OFFENSES and INSULTS If you have other updates or did you want provide more information it would really appreciated.
They never replied. Admin go offline a couple of days after their bounty campaign was finished on "March 12, 2020".

Token price dump very quickly after the closure of bounty campaign:
100 new token (1 old token) 0.007710 USD 01 May 2020
[Start of bounty 0.260958 USD (1 old token).....]

No one has been payed, they delayed payment up to (?) unknown date!

tiang_tower

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Quote from: Balladtony77 on May 01, 2020, 05:12:01 AM

Blockburn is gone, there are few bounty managers I trust now, bounty detective, bubbalex arteezy juelerz12, another bounty managers apart from these are risky, join at your own risk, scammers are now very smart, anyone can easily fall for their dubious tricks

Yes, but not all of the projects held by Arteezy are paid, only a few are paid, so if you like Arteezy, then I don't like it because he is often inactive in his own bounty group, you can see a lot of questions in the group which was not answered by Arteezy.

Divinespark

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Quote from: Doranile432 on May 01, 2020, 02:11:11 AM

I've never seen a big failure project like blockburn this year so far, in 2019 when this project was released it was trading at a whopping 0.93$, and after bounty was over, without sending any token to any bounty hunter the value is now 0.00007$, this will be the first failure project I promoted this year, the use case is something that should work as per my research but the question is, what happened? Exit scam? Or team dumped?

As far as I know, they swapped their tokens. 1 old token = 100 new tokens, but at the current price I agree that this is a failed project. And they became scammer in this market when not making payment for bounty hunter

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