Scam for the project that will not continue and just used those people as free marketing tool to gain exposure for their project. On the other hand, they can't also be forced to pay those hunters because they failed. Most projects that conduct marketing like bounties, doesn't really have a budget for it that's why they will pay you with their tokens if they become successful.
They have allocated budget for some other types of marketing such as in social media's or sponsoring some youtube videos. They will not be advertised if they will not pay upfront. That's the other side of bounties, you won't get paid if the project failed.
Topic: Current Market Situation, an Instrument to Scam Bounty Hunters (Read 125 times)
November 16, 2018, 06:26:07 AM
You can't really do anything about this, as long as the ICO failed they are not obligated to pay any hunters, and that is why paying bounty with Tokens can be Xtime more money vs paying them with BTC or ETH, you take the risk to not get paid in the case of project fails but in return if the project success your payment will be much more than if you paid with BTC. More risk more reward situation.
If the project just failed to raise money and returned the raised money back to the investor I refuse to call it a scam.
If the project just failed to raise money and returned the raised money back to the investor I refuse to call it a scam.
November 16, 2018, 06:22:30 AM
Yeah the rate is alarming, you can’t trust most project these days with a promise of payments in tokens after ICO is successful. You may call it scam, because you didn’t get a payment, but these project team are in loss already and can’t survive to pay bounty hunters.
From this I learnt to do more research into projects am campaigning for just like an investor would do. I think that’s the best practice now.
From this I learnt to do more research into projects am campaigning for just like an investor would do. I think that’s the best practice now.
November 16, 2018, 06:21:59 AM
I think that today's market situation is very bad for bounty hunters in general, because it is bounty hunters who are trying to waste their time, of course, investors are trying harder, provided that the project turns out to be a scam project, but often the project simply does not pay bounty to hunters.
November 16, 2018, 06:20:10 AM
The current situation of the market is really in a downfall state, there is a crisis on the market value of many cryptocurrencies on the market. Some ICO's and companies often lead to close their projects. They always said that, the market is so critical for the project to continue. As a result, many bounty hunters are not paid. Is this the new form of Scam?
If you were to be in their shoes you will definitely do thesame, the market conditions to not encourage ICO projects to proceed with it, I think you are being selfish with your assessment of the situation, what off if they go ahead with the ICO and unable to raise their softcap and all the marketing budget gone, there is no crime in postponing ICO date
I think the case here is that, those ICO is closing their projects without even paying for the bounty hunters. In my point of view, a scam means: there is a work or money involved but not compensated properly. That might be the case.
November 16, 2018, 06:18:31 AM
in my opinion it was not a scam, a situation that caused them to choose to close because the aspect of funding was not achieved, since it had always been a natural condition and it was not surprising if the bounty hunters were not paid. market due to unstable conditions
November 16, 2018, 06:16:18 AM
The current situation of the market is really in a downfall state, there is a crisis on the market value of many cryptocurrencies on the market. Some ICO's and companies often lead to close their projects. They always said that, the market is so critical for the project to continue. As a result, many bounty hunters are not paid. Is this the new form of Scam?
If you were to be in their shoes you will definitely do thesame, the market conditions to not encourage ICO projects to proceed with it, I think you are being selfish with your assessment of the situation, what off if they go ahead with the ICO and unable to raise their softcap and all the marketing budget gone, there is no crime in postponing ICO date
November 16, 2018, 06:12:20 AM
The current situation of the market is really in a downfall state, there is a crisis on the market value of many cryptocurrencies on the market. Some ICO's and companies often lead to close their projects. They always said that, the market is so critical for the project to continue. As a result, many bounty hunters are not paid. Is this the new form of Scam?
yes you are right, there are some ICO who decide to close the project and return all funds to investors even though they have reached the softcap, so I don't think this is a scam because they still have good intentions to return investor funds, if the bounty hunter doesn't get paid it is a risk and has been valid for a long time November 16, 2018, 06:02:32 AM
The current situation of the market is really in a downfall state, there is a crisis on the market value of many cryptocurrencies on the market. Some ICO's and companies often lead to close their projects. They always said that, the market is so critical for the project to continue. As a result, many bounty hunters are not paid. Is this the new form of Scam?
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