Deceiving Rate of Bounty Campaign, New Form of Scam? - page 4.

KualaBit

member

Activity: 68

Merit: 32

Quote from: chatedha on June 06, 2019, 12:33:16 AM

Hmm...
Read this update from him :

Quote from: NashAmajh on April 25, 2019, 03:58:07 AM

UPDATE

Due to market expansion and addition of decentralized exchange (under development), as informed to all earlier, the P2PS total supply was increased.

The team officially migrated to new token with same symbol and same total valuation.

Old 1P2PS=$3.

New 100 P2PS=$3 OR 1 P2PS = $.03

New P2PS for $1.5 Million already sent to escrow holder. Here is the link.

https://etherscan.io/tx/0x2c877f949cccb2dc4c6ecd31189f6013fc76dd342820a0cf8a646d13daa4e87b

3$ is rate for old P2PS, and 0.03$ is rate for new P2PS
and token pool change from 150k To 1.5M

Btw I don't know why, but I saw NashAmajh (bounty manager) have a many problem/error on his bounty/airdrop. On migranet airdrop I saw on spreadsheet there is someone who filled out the form inconsequently, he fills just "asdasfasd" on username and fills correct ETH wallet, but the problem is I see 300++ like this on spreadsheet and when I try to fill out a form, 1 email is only allowed to fill 1 time.
So who is using more than 300 e-mails just to do that?

He should be updating the Announcement post after updating such, I also checked the spreadsheet but it seems the payment adjustment is not implemented.

Evrolina

jr. member

Activity: 66

Merit: 1

It has become a way of dev and team trying to lure bounty hunters to participate in their campaign when they know they cannot meet up to the standard, they will eventually reduce the price with the excuse that they are trying to give more value to their project.

chatedha

member

Activity: 247

Merit: 17

Hmm...
Read this update from him :

Quote from: NashAmajh on April 25, 2019, 03:58:07 AM

UPDATE

Due to market expansion and addition of decentralized exchange (under development), as informed to all earlier, the P2PS total supply was increased.

The team officially migrated to new token with same symbol and same total valuation.

Old 1P2PS=$3.

New 100 P2PS=$3 OR 1 P2PS = $.03

New P2PS for $1.5 Million already sent to escrow holder. Here is the link.

https://etherscan.io/tx/0x2c877f949cccb2dc4c6ecd31189f6013fc76dd342820a0cf8a646d13daa4e87b

3$ is rate for old P2PS, and 0.03$ is rate for new P2PS
and token pool change from 150k To 1.5M

Btw I don't know why, but I saw NashAmajh (bounty manager) have a many problem/error on his bounty/airdrop. On migranet airdrop I saw on spreadsheet there is someone who filled out the form inconsequently, he fills just "asdasfasd" on username and fills correct ETH wallet, but the problem is I see 300++ like this on spreadsheet and when I try to fill out a form, 1 email is only allowed to fill 1 time.
So who is using more than 300 e-mails just to do that?

sempak

hero member

Activity: 1638

Merit: 505

Errors like this actually often occur. and most bounty hunters don't pay much attention. I myself have experienced when there was an error in writing. and if it has happened like that, of course the bounty participants will be harmed.

gensol

jr. member

Activity: 714

Merit: 3

Bounties ain't what they used to be its either the manager wants to attract hunters through the exorbitant price or he's just upto something else.

tippytoes

sr. member

Activity: 1988

Merit: 275

Quote from: Fredomago on June 05, 2019, 06:58:24 AM

The importance of doing your own research before participating in any bounty hunting, this a clear deception, participants needs to avoid things like
this and make good research then analyze the possible rewards to receive if its worth to participate using your time and efforts.

The truth is, even if you do your own homework, usually those bounty programs are really not the same worth as they presented to the hunters. Their value becomes very small once they hit in the exchanges. So even if they set their expected value as very expensive one, you can get it at dirty cheap prices once they are listed. Which by the way, is the recurring problem of most bounty hunters. Very few projects live up to their worth once traded. Hard truth.

bitstalker

member

Activity: 383

Merit: 10

there is a possibility that this is only a miscommunication because the bounty manager in my opinion is still not too experienced in dealing with bounties, and yesterday the bounty manager had a problem because it promoted a scam project, but we see when the distribution is in line with the promised 450 K$ or not at all

aemma

copper member

Activity: 966

Merit: 14

It is really disheartening and becoming the norm now, most times bounty mangers don't even care. Also, this is the reason why it's good to study the project, team etc before engaging to avoid wasting time and effort. If a team can do this, who knows what the project will look like in the near future.

Nekoma2018

copper member

Activity: 493

Merit: 13

Now the bounty information is absolutely deceiving ... and those already participating in this project are wasting their time as they'll be left with pennies to buy pizza at the end of the day

Nekoma2018

copper member

Activity: 493

Merit: 13

Quote from: KualaBit on June 05, 2019, 04:44:34 AM

I wanted to know your opinion regarding this matter, I am browsing bounty campaigns to kill time and possible project to invest in since I need to know the allocation of Bounty token since often times this influx of token saturate the market and caused the price to go down when I stumble on this bounty thread titled: (BOUNTY) 💰💰🔥 P2PS Bounty Campaign $450k Worth Of Token For Hunter 💰💰🔥 I noticed this thing..

The bounty,/ bounty manager priced the initial token price as $3

Quote from: NashAmajh on April 25, 2019, 03:57:42 AM

Token Pool: 150K tokens (equivalent to $450K USD if computed with the base token price of $3 each).

150K tokens will be distributed to successful applicants of the Signature, Facebook, Twitter, LinkedIn, Content Creation and Telegram.

This bounty starts on April 27, 2019, and ends when reach hunter $450k.

While the IEO price is $0.03

I would not mind if it is in stake distribution but the token reward is fixed. I feel sorry for the bounty participant being deceived by this rate. I have nothing against the bounty manager but I just feel that there is something wrong. How can you clasified this kind of action? I'm kinda confused because I believe, with deception hunters will end up nothing. What can you say about this? I need your input since I am confused. Is this kind of deception allowed in the bounty campaigns? Are bounty managers allowed to intentionally increase the price of token to attract more participants? I think this is deception and should not be tolerated.

I saw this bounty thread few weeks ago .. the problem is most hunters don't bother to do their own research on the project they're about to promote

dimonarka

sr. member

Activity: 994

Merit: 250

Unfortunately, it happens that the bounty manager of the company deceives the participants by overestimating the token, so most of the participants in the bounty companies go to the main project site and check the price for the token in case of fraud. This information is distributed among other participants.

Adriano2010

hero member

Activity: 1414

Merit: 516

Looks like a scam, and i will never invest on this because i not like this kind of behaviour while price is only 0.03$ on IEO and pay people who work with a fake rate, better try find another project and invest only on IEO.

Erickan

member

Activity: 266

Merit: 18

Participating in the bounty campaign of a project at the present time is almost 10% chance of success. Most of the capital mobilization projects failed, scam or if you go to exchange, the price will fall miserably. Many projects don't even want to pay tokens for bounty hunters, so I don't participate in many bounty campaigns at this time.

CryptoBry

sr. member

Activity: 1008

Merit: 355

Quote from: KualaBit on June 05, 2019, 06:02:42 AM

Quote from: Iykecollinz on June 05, 2019, 05:03:09 AM

A lot of bounty hunters already understood what you are explaining, that is the norm of most bounties, quoting a certain expected amount as giveaways which does not reflect the reality. Particularly I do subscribe to such, I would prefer a project with much reasonable quote and will likely be able to pay it. It is annoying seeing very new projects with not up to 200 persons in their telegram group promising huge amount in millions as as dollar worth give away where they are struggling to raise few thousands

I know but this case I think is kinda exaggerated, pricing the token 100 times the IEO to attract participants, Veil on the other hand gives at least a reasonable conversion depending on the exchange rate. See the difference of these two bounty.

The purpose is of course get as much attention from bounty hunters so they will join the project. I am sure that the $3 is just like a very positive prediction of the token price while it is already traded in exchanges. My opinion is that this is not necessary since bounty hunters these days already how to analyze projects and deception is the last thing that one should do because it will eventually boomerang into the face of the people behind the project...including of course the bounty manager. We are not that desperate enough to go down to this level. I am glad that OP is calling our attention to this project -- P2PS -- so that this mistake can be corrected as soon as possible.

Simple_Plan

jr. member

Activity: 113

Merit: 2

Deceiving rate of bounty campaign is a pain in the arse for hunters however experienced hunters can realize that. Somehow the rate is not very important as good projects can result in 5x or 8x profit. Number of tokens is more essential then.

Remainder

hero member

Activity: 949

Merit: 517

That was really deceiving based on the information you provided here, total bounty would only be $4500 and that is very low and not attractive.
For those who don't do research, they might fall for this and will regret later, but the bounty manager has a lot of explaining to do here.
It's not a typo error because the total tokens was specified but the price is wrong which resulted only to the amount of $4500.

mikelsmith2020

member

Activity: 215

Merit: 99

That's why you really need to check the website and other technical details and also as a bounty hunter we should keep in mind that we also consider the dumping of price after distributions of the tokens because of the bounty participants who wants to sell their coins.

I may say that it's not a scam but a misleading information and deceiving prices they tell. So never or don't trust those kinds of bounties, we are working fair and all they do is to deceive bounty hunters.

Fredomago

legendary

Activity: 2996

Merit: 1054

Leading Crypto Sports Betting & Casino Platform

The importance of doing your own research before participating in any bounty hunting, this a clear deception, participants needs to avoid things like
this and make good research then analyze the possible rewards to receive if its worth to participate using your time and efforts.

Nestade

jr. member

Activity: 41

Merit: 793

inactive

Would be kind of interesting how they got to the price of 3$ for 1 token while the IEO price is 0.03$ per token.
I guess the only way of getting and answer would be asking the BM for clarification.
If he can't provide a logical explanation I'd indeed call it a scam as there's a "little" difference between the advertised bounty-pool of 450.000$ and the bounty-pool of 4500$ at IEO-price.

asriloni

legendary

Activity: 3038

Merit: 1024

Leading Crypto Sports Betting & Casino Platform

Quote from: KualaBit on June 05, 2019, 04:44:34 AM

I wanted to know your opinion regarding this matter, I am browsing bounty campaigns to kill time and possible project to invest in since I need to know the allocation of Bounty token since often times this influx of token saturate the market and caused the price to go down when I stumble on this bounty thread titled: (BOUNTY) 💰💰🔥 P2PS Bounty Campaign $450k Worth Of Token For Hunter 💰💰🔥 I noticed this thing..

The bounty,/ bounty manager priced the initial token price as $3

Quote from: NashAmajh on April 25, 2019, 03:57:42 AM

Token Pool: 150K tokens (equivalent to $450K USD if computed with the base token price of $3 each).

150K tokens will be distributed to successful applicants of the Signature, Facebook, Twitter, LinkedIn, Content Creation and Telegram.

This bounty starts on April 27, 2019, and ends when reach hunter $450k.

While the IEO price is $0.03

I would not mind if it is in stake distribution but the token reward is fixed. I feel sorry for the bounty participant being deceived by this rate. I have nothing against the bounty manager but I just feel that there is something wrong. How can you clasified this kind of action? I'm kinda confused because I believe, with deception hunters will end up nothing. What can you say about this? I need your input since I am confused. Is this kind of deception allowed in the bounty campaigns? Are bounty managers allowed to intentionally increase the price of token to attract more participants? I think this is deception and should not be tolerated.

That's a dump developers and this is not a new case. Any bounty hunter has already done their research to the any IEO bounty before they start to work with.
The team or even bounty manager can't even clarify about that and it seems like that bounty manager doesn't care about that.
It's allowed but it's not worth to participate. Bounty manager has no right to do that.

Topic: Deceiving Rate of Bounty Campaign, New Form of Scam? - page 4. (Read 909 times)