Can we stop promoting scam project? - page 28.

farosa

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Quote from: Pffrt on January 27, 2019, 12:35:42 AM

Most of the bounty hunters do not get payment despite their hard working and some gets a little with shit token. Can we prevent it? Just an idea.

What if we everybody stop to promote a project which offers only token?
For launching a project, the project owner or developer should have some money to promote the project. Say for example- they have to escrow a minimum of 40% of the bounty allocation in term of usd or btc. Only then we can prevent scam ico and bounty hunter will get their money. Can we start following this rule?

There is a sensible side, but only for bounty hunter. Can they continue to develop their scam project after giving you some money? The problem is that we can not know when the project is going to be scam, otherwise it would be possible to solve.

ynatopak14

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Activity: 458

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Quote from: Pffrt on January 27, 2019, 12:35:42 AM

Most of the bounty hunters do not get payment despite their hard working and some gets a little with shit token. Can we prevent it? Just an idea.

What if we everybody stop to promote a project which offers only token?
For launching a project, the project owner or developer should have some money to promote the project. Say for example- they have to escrow a minimum of 40% of the bounty allocation in term of usd or btc. Only then we can prevent scam ico and bounty hunter will get their money. Can we start following this rule?

This is not new! There were so many bounties before which pays BITCOIN.
But i dont know why there is noone doing that anymore, if there is! it is really low budget.
That is a good thing as most ICO team telling bounties making the market dump.
They should start paying BTC now or ETH.

gabbie2010

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Quote from: Pffrt on January 27, 2019, 12:35:42 AM

Most of the bounty hunters do not get payment despite their hard working and some gets a little with shit token. Can we prevent it? Just an idea.

What if we everybody stop to promote a project which offers only token?
For launching a project, the project owner or developer should have some money to promote the project. Say for example- they have to escrow a minimum of 40% of the bounty allocation in term of usd or btc. Only then we can prevent scam ico and bounty hunter will get their money. Can we start following this rule?

I think this a very good idea to encourage bounty hunters at least to have something to earn at the end of the bounties in term of real coin not shitcoins however to implement this idea the forum moderators are the only authority that can implement this idea else a lot of bounty won't response or key to this idea they would rather disobey this order.

AristoteI

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The fact is that a large number of projects at the beginning of their journey do not even have a minimum amount to promote the project, therefore this idea is very good, but for its implementation additional funds are needed, which most organizers simply do not have. Therefore, it would be better to come up with something else.

jaywizzy

jr. member

Activity: 510

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This is a good idea, I think each project should have certain amount of money like 30% of the money of the total project before they can carry out project in order to reduce scam but when there is no body governing ICO, bounty hunters should be aware of project they embark on.

Pab

legendary

Activity: 1862

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Good idea but hard to realize
First because 90% of those projects are scams and second because ico don't have money
But bounty hunters need to be more aware
If project is transparent then it is not problem to find information about team and partners
It is enough to click on on info about partners if link is opening then there are chance that company is real project partner.Otherwise ico devs are putting them self at risk of legal or even criminal cases

nizamcc

legendary

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This is a very good way out of this situation. But the thing is that projects ask for investment because they lack money. So they emit tokens, not coins. If the projects will adhere to this design rules, the bounty program can take a very long time.

Osayo

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Activity: 294

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Quote from: Pffrt on January 27, 2019, 12:35:42 AM

Most of the bounty hunters do not get payment despite their hard working and some gets a little with shit token. Can we prevent it? Just an idea.

What if we everybody stop to promote a project which offers only token?
For launching a project, the project owner or developer should have some money to promote the project. Say for example- they have to escrow a minimum of 40% of the bounty allocation in term of usd or btc. Only then we can prevent scam ico and bounty hunter will get their money. Can we start following this rule?

I totally concur with you. In addition, the USD or BTC payments should be sent to the wallet of the bounty hunters every two weeks, while the tokens can be sent at the end of the campaign. Once the bounty manager or the ICO refused the bi-weekly payments, everyone should just abandon their project and give it a red flag.

jagaban

copper member

Activity: 322

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Quote from: Pffrt on January 27, 2019, 12:35:42 AM

Most of the bounty hunters do not get payment despite their hard working and some gets a little with shit token. Can we prevent it? Just an idea.

What if we everybody stop to promote a project which offers only token?
For launching a project, the project owner or developer should have some money to promote the project. Say for example- they have to escrow a minimum of 40% of the bounty allocation in term of usd or btc. Only then we can prevent scam ico and bounty hunter will get their money. Can we start following this rule?

As much as i love this idea, it won't work. This is because projects get their money from the ICOs. Without ICO, most project owners cannot even boast of having up to $50k USD available to escrow with. It is what it is.

sulendra12

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Quote from: clipto on January 30, 2019, 09:02:18 AM

Yes we can, but unfortunately community members are too lazy to check the projects before taking part in them. Hunters are only looking at the bounty pool and if it is good enough, they are blindly promoting it.

Are you talking to yourself? It's really difficult to see which one is gonna be a scam project because the results are at the end and you can't do anything much about it. Bounty is just an RNG game.

Quote from: tamango on January 31, 2019, 07:14:14 AM

This could be a good idea but I think that one more reasonable thing to ask is that the project have to set already a smart contract with a third trusted part to guaranteee that tokens are safe.

They can also make their "own" smart contract and some of them are success at market.

Idrisu

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It is very difficult to differentiate between the scam and trustworthy projects and icos as almost everything are at the developmental stage and it is good we invest at the right coins or promoting the right coins. But because of the scammers hiding at the anonymous name we see many projects that are been promoted scamming people. It is hard to differentiate.

myohmy81

sr. member

Activity: 462

Merit: 251

Quote from: Pffrt on January 27, 2019, 12:35:42 AM

Most of the bounty hunters do not get payment despite their hard working and some gets a little with shit token. Can we prevent it? Just an idea.

What if we everybody stop to promote a project which offers only token?
For launching a project, the project owner or developer should have some money to promote the project. Say for example- they have to escrow a minimum of 40% of the bounty allocation in term of usd or btc. Only then we can prevent scam ico and bounty hunter will get their money. Can we start following this rule?

I think I have seen some bounty managers has doing escrow on their bounty reward and this idea is favorable to the bounty hunters as we can assure that we have our reward after those hardwork. The only problem here is that not all developers will agree to do the escrow as they want the reward will be base on the money they collected and they have the full control of the whole bounty campaign. Anyway, if we want not to participate on their project if they don't make escrow then we have our choice and decide what is best for us.

various

sr. member

Activity: 854

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Quote from: Pffrt on January 27, 2019, 12:35:42 AM

Most of the bounty hunters do not get payment despite their hard working and some gets a little with shit token. Can we prevent it? Just an idea.

What if we everybody stop to promote a project which offers only token?
For launching a project, the project owner or developer should have some money to promote the project. Say for example- they have to escrow a minimum of 40% of the bounty allocation in term of usd or btc. Only then we can prevent scam ico and bounty hunter will get their money. Can we start following this rule?

I like your idea and agree with you. But even if most of them do what you call bounty hunters, some won't, because we're a very crowded bounty community. Unless there is one leader who directs us, unfortunately, there is no chance for this.

c2Gin

newbie

Activity: 14

Merit: 0

Quote from: Pffrt on January 27, 2019, 12:35:42 AM

Most of the bounty hunters do not get payment despite their hard working and some gets a little with shit token. Can we prevent it? Just an idea.

What if we everybody stop to promote a project which offers only token?
For launching a project, the project owner or developer should have some money to promote the project. Say for example- they have to escrow a minimum of 40% of the bounty allocation in term of usd or btc. Only then we can prevent scam ico and bounty hunter will get their money. Can we start following this rule?

We can't blame the one who are promoting the project mostly scam. We all don't know what the profile of each participants of the pumpers. We can't blame because there are many newbie in the cryptoworld who they don't know how to look and study each company who are scam and the legits.

tamango

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This could be a good idea but I think that one more reasonable thing to ask is that the project have to set already a smart contract with a third trusted part to guaranteee that tokens are safe.

overnight03

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Activity: 308

Merit: 10

Quote from: Pffrt on January 27, 2019, 12:35:42 AM

Most of the bounty hunters do not get payment despite their hard working and some gets a little with shit token. Can we prevent it? Just an idea.

What if we everybody stop to promote a project which offers only token?
For launching a project, the project owner or developer should have some money to promote the project. Say for example- they have to escrow a minimum of 40% of the bounty allocation in term of usd or btc. Only then we can prevent scam ico and bounty hunter will get their money. Can we start following this rule?

we cannot prevent fraudulent ICO projects, because currently there are no regulations on cryptocurrency markets, especially for ICO, it will depend on the experience of bounty hunters to promote the projecect

umbara ardian

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of course you can if many do a quicker investigation then the project will be known to scam faster or not because if no one helps to investigate the project it is very difficult to stop not promoting the scam project.

siena23

jr. member

Activity: 2520

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Nice thought. But can it be done? Bounty hunters work with a lot of time even though getting wages in the form of tokens is not balanced with their work. Already there should be changes to the bounty hunter's wages.

Wend

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Quote from: auliasilvana on January 29, 2019, 07:36:01 AM

To be sure after we know that the project is then we will stop to promote it. Things are affected, not only bounty hunters but also investors who have contributed. And the admin will take action to reduce the fraud project.

We do not know if the project is a scam if you are new in the crypto.
But we a long time on crypto maybe we can avoid it and transfer or participated another good project.

Horas1976

jr. member

Activity: 406

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Quote from: joybella on January 31, 2019, 01:58:40 AM

This would be great but projects won't agree to it and some bounty hunters will always go all out to promote anything they see because everyone is tryna make some cool cryptocurrency money.

As a bounty hunter, this is a good idea, but the developer might think about it again and be more careful in determining the bounty hunter. Policy levels will be higher and interest will also be more thorough, all this to reduce or anticipate fraud.

Topic: Can we stop promoting scam project? - page 28. (Read 26963 times)