Topic: Did the campaign you joined altcon campaignis a scam? Tell us abouts it (Read 246 times)

Some things I will look at one project.
- Website: if a website is poorly designed in format, graphics, it sheds a light that the project can be not good.
- White paper: if a whitepaper is written too bad, with too grammar mistakes or bad ideas for a project, it can be a bad project. Worse if I can find plagiarism with Google or other search engines.
- The genesis block: to find premined coins, pre-minted coins for developers.
- First few blocks: to find movements of big coins or tokens that are own by developers
- Activities on Github account.
- More.

I do not mind if bounty is paying with their tokens as long as they are serious about project. If it lasts long you will reap the rewards.

I really love your technic to identify a real project. But did you really got any job there? What happen when they agreed to pay in bitcoin?


It was a common scenario during 2018-2019 and later I keep me away from joining in bounty campaign.


Generically I when I do research about any company is legit or scam, I try to read the website carefully, their team member real or fake, their whitepaper, and there promotion how they actually promoting them and how hard works they do. And yes most of the time when a project marketing with bitcoin instead of their own token, there is very high chance to be the project is real.

Years had passed I stopped participating in the altcoins campaign because I have been always joined an exit scam altcoin campaign.  It's really hard to determine at the start but when it is listed and failure from its developments, it seems most likely an exit scam.

Actually, ninety percent of the altcoins from the start aren’t scams and it's easy to determine.  You can join their campaign, they have tokens with them which they can use for compensation.  They have a project which most people will find promising.

However, once the campaign has been done, that is where the reality hits, and 99% of alt-coins are failing.  Funding is actually made by them to create hype or no funding at all.  So if you are an unfortunate member of the campaign and I would only say sorry.

It might the best thing I could suggest today is to join campaigns that would partially pay you Bitcoin, on that way even if their coin went down, you still have your take away that would possibly grow if you keep it.

Its hard to identify scams actually right now since most of them have good written whitepaper so if you are plannimh to join on camps better accept the possibilities that you wont get any payments for your efforts.


Yes before, they stop communicating to their bounty participants after they end the campaign.


We experience the same especially on year 2018 thats why I stop joining on altcoin camps since its not worth the effort since most of them are not paying.

Joining an Altcoin campaign includes several risks, the most prominent of which are:

 - You bear the loss, and if token/coin value drops, you will work for free.
 - The campaign is running its business with zero or little expenses, which is a negative sign that they do not want to pay money to develop their marketing campaign.
 - The development team may freeze the tokens in your wallet.
 - you will get scammed.


Therefore, unless you think that token has a future, they have good CM and you think that the developed team is working to make it stronger, then you are wasting your time by joining such campaigns.

I've been in altcoins campaign before and most of them are legit and give us the token, if you are joining altcoin campaigns its really a gamble, because as we know those campaigns are also trying to get investors and partners during the campaign period, there are campaigns on the other hand who are advertising to get more community attention, what I'm saying is buy joining a campaign in the altcoins are like gambling you don't know if it's going to be successful or going to fail, also try to search what kind of campaign you want to join, so that you will not be disappointed if they won't push through or launch.

I have been into altcoin campaigns before and unfortunately there are really scams projects. I'm not sure but maybe half of my social campaigns that participated before didn't pay me or become a useless project and turn out to be scam.

I still looking for good campaigns but not at the moment. Well I just accept it. Cause joining campaign is also a risk we must if we want to earn some valuable tokens that can be monetize.

As I can see, Ethereum based project and any other projects under Binance power blockchain are still subjected to these parameters[1] for you to determine which projects are scam. Though you might consider them as garbage, there are still some other people who are really investing their money for short term gains -- I guess that's only because we're in a middle of a bullrun where project can easily triple their value in a short time.

But then, I am certain that these project won't last any longer.

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[1] 🌍 Guidelines, how to spot a scam ICO & report effectively. ✔

Even if it's not a deliberate scam, those altcoins might just fall flat after going public and then you will not get what you invested in it. But with altcoin campaigns, it's more like you want to collect as many as possible to see if one or two of them will turn out to be valuable, you need to go full altcoin or don't even bother because if you do it just a couple of time, you will not get much in return.

I haven't been in altcoin campaign for a long time already, maybe 4 or 5 years. Last time when I joined altcoin paying campaign, it was before ICO era. So, I've been just in few altcoin campaigns during all these years, so, fortunately, I don't have much experience with scam campaigns. I always got paid, though once I got pretty much worthless coins because project wasn't very serious.
Personally, I think that before joining altcoin campaign you should make same research like before investing into that project. Yeah, it requires time and efforts, but it's better than get scammed. But I don't have enough time for it. Few years ago when I wasn't in Bitcoin paying campaign, I didn't looked at altcoin campaigns and bounties. I waited until I got spot in other Bitcoin paying campaign, rather than taking risk and joining altcoin campaign.

It's pretty easy to identify scam when one has adequate knowledge of cryptoccurency, for newcomers there's a rule of thumb that "anything that looks too good to actually be true, is a scam", and to a very large extent, that axiom is pretty correct and a possible way to identify and ignore scam; but then again as one advance in the crypto ecosystem, it's expected that your knowledge increases as well, you learn the security protocols, what are the distinct modus operandi of the scammers etc, that's the general way to identify scam, for example, when your knowledgeable, if you see things like 'btc giveaway', you know straight away that it's a scam and you also wouldn't give out your seed phrase/private keys if scammers ask for it, nor will you deposit into an exchange that you know little or nothing about, making it impossible for scammers to lock your funds in it, etc, with crypto knowledge you'll identify scam and not fall for it.
The promise to be paid in Bitcoin is insufficient to assert that it's not a scam, a campaign/company could promise to pay in Bitcoin, and yet default, after you must have concluded your research, it's now basically down to how reputable you think the company and the person or people handling the campaign is/are, and not just the medium of payment.

I have been scammed it was 4 or 5 years by an altcoin paying company and I got some idea on how to identify it but I don't know or it is good to use it this year 2021

I have worked with this company doing a video explaining how to buy. So I got paid and it's my first time so I am a noob back then, I got paid in altcoin and later did not receive it.

My first option is to research everything and last is
my first idea when joining a campaign paying in altcoin I pm the head and just ASK like job hunting.

 I will say I do this like I do video Blah blah... conversation started and later ask what will you pay me? And if they said bitcoin I already got the idea okay 99% this is not a scam

If they tell you is it is altcoin I will properly end the conversation by saying I only accept bitcoin if they said altcoin there I will carefully end the conversation and not join the campaign that pays an altcoin.

Main Questions:

1. Today how will you identify if it's a scam? (just put or reply what you know I just want to know if the majority do the same or different ways to identify)

2. Did you got scammed? What are the points you noticed that it is a scam?

3. If you have experienced the same with me share it, please?

First, no judging around thanks,  about this I should already know I would like to say that I start going back last year in November and a little serious in December and got fully back to it this January.

I hope you got the point that My memory in the knowledge is slowly going back and gain more (and if some of you  would say "To slow its April you should be back at it right now" I am  kinda sorry I am not that genius and good at multi-tasking so partly I needed to work on college life)