Do your own research before opting-in

Francis Freeman

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Sovryn - Brings DeFi to Bitcoin

Quote from: Rowenta on October 31, 2020, 02:33:31 AM

Be careful with altcoin bounties, they are mostly scam, I'm not saying all of them are but majority of them are not making sense, make sure you don't just join bounties without proper analysis, the most annoying ones are DeFi bounties, full of projects with no team information, do your part and save your time and energy.

Of course outline should spend some time and research carefully before deciding to join any bounty campaign .
Because even though they are not spending money they are spending a lot of time (atleast a month) for promoting the project and their reward depends on how well the project will do in future.

noorman0

hero member

Activity: 1764

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[Nope]No hype delivers more than hope

Quote from: barbara44 on November 01, 2020, 05:03:35 PM

_snip_

I mean how could we talk about so many scam bounty campaigns and there is like 10 topics everyday about how bounty management must be escrowed and so forth while also still having 20+ pages of applicants for each bounty?

They adhere to ancient traditions,
Joining all the existing bounties, 1 to 2 of them will definitely pay fair. The rest, make negative reviews on the forum.

You won't be surprised if every week there will be hunter complaints about improper payments, falling prices, not paying, changing rules or scam projects. They would rather do it all than do any previous research.

kevinzxz

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Quote from: Rowenta on October 31, 2020, 02:33:31 AM

Be careful with altcoin bounties, they are mostly scam, I'm not saying all of them are but majority of them are not making sense, make sure you don't just join bounties without proper analysis, the most annoying ones are DeFi bounties, full of projects with no team information, do your part and save your time and energy.

that is the risk of becoming a bounty hunter, but I agree with you if we have to analyze the bounty that we want to join and I personally always analyze several factors before I joined the bounty, that is:
1. the rules for the bounty must be clear and fair;
2. the idea of the project must be good and useful for the future;
3. the team must be quick and active in responding to investors;
4. the team is always updating information about the project;
5. the project must run in accordance with the roadmap that has been made.

Kong Hey Pakboy

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Quote from: Rowenta on October 31, 2020, 02:33:31 AM

Be careful with altcoin bounties, they are mostly scam, I'm not saying all of them are but majority of them are not making sense, make sure you don't just join bounties without proper analysis, the most annoying ones are DeFi bounties, full of projects with no team information, do your part and save your time and energy.

Indeed. Many people waste a lot of time participating and joining bounty campaigns because not all are worthy of our time and energy. They mostly end up scam and unsuccessful, and they have delays in distributing rewards. So it is much better to join in some signature campaigns and other ways that you can earn in the crypto world, such as trading and investing cryptocurrency.

Traderbtcc

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★Bitvest.io★ Play Plinko or Invest!

No doubt about this, everything your saying is true, I think it advisable to always do a research about any bounty campaign before joining, but sadly many bounty hunters don't do this, they just go in blindly cus the bounty campaign seems real and they hope to get a reward at the end, some even if the bounty manager is a newbie and is being flagged for one thing or the other they don't care, they just go on to participate and help promote the scam project without getting paid at the end,so its best we do a research before participating in any bounties cus alot of them are scam and won't pay at the end.

ardentvolcanoes

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Quote from: Ryushin on November 01, 2020, 06:43:58 AM

If it's a must to promote a bounty project make sure the team aren't anonymous like many others, there are many scam projects with anonymous teams presently in bounties section on btt forum, also make sure you check out the bounty manager, reputable bounty managers are very important

Bounty managers reputation is one of the factors when picking your bounty hunting, well known manager do also their research regarding to the team

that they'll be working with, they won't forsake their reputations just for some penny, looking to this factor will bring a good idea which project to support

plus doing your deeper research pays well to find what project to work with and support.

barbara44

hero member

Activity: 2534

Merit: 605

Why do people keep complaining about how most bounties are a scam and yet when I look at the bounty pages of this forum I see 20+ pages of people who applied to each and everyone of them? I would totally understand if people were talking about how it is risky or anything as well but they are just applying there.

I mean how could we talk about so many scam bounty campaigns and there is like 10 topics everyday about how bounty management must be escrowed and so forth while also still having 20+ pages of applicants for each bounty?

This is why I do not think anything will change in the crypto bounty market, projects could scam everyone and the next time it happens there will still be people applying, I can start a project and scam bounty hunters by not paying them and restart it a week later and still find bounty hunters. Until we stop applying to the ones that provide no guarantee, we will always be scammed.

Ryushin

member

Activity: 322

Merit: 10

If it's a must to promote a bounty project make sure the team aren't anonymous like many others, there are many scam projects with anonymous teams presently in bounties section on btt forum, also make sure you check out the bounty manager, reputable bounty managers are very important

kentrolla

hero member

Activity: 1596

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Catalog Websites

Bounty project these days are disgusting the majority of them are scammers where many of the investors and bounty hunters are not being paid, well while researching try to get more and more information about the project like checking their white paper, go to their website and check their promises normally I avoid projects that rely on hype and big promises. So be careful before investing in a bounty project.

acener

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Quote from: Rowenta on October 31, 2020, 02:33:31 AM

Be careful with altcoin bounties, they are mostly scam, I'm not saying all of them are but majority of them are not making sense, make sure you don't just join bounties without proper analysis, the most annoying ones are DeFi bounties, full of projects with no team information, do your part and save your time and energy.

Yes we should do a proper analysis on them do some research instead of wasting weeks on promoting them without even looking at their information.
It is better to do your research first before spending time and energy on them for weeks or even months.
But no matter how many times we say it or advice it to the bounty hunters most of them are too lazy to do it and let the projects scam them.

traderethereum

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Vave.com - Crypto Casino

Quote from: Rowenta on October 31, 2020, 02:33:31 AM

Be careful with altcoin bounties, they are mostly scam, I'm not saying all of them are but majority of them are not making sense, make sure you don't just join bounties without proper analysis, the most annoying ones are DeFi bounties, full of projects with no team information, do your part and save your time and energy.

It is right if you always research first for the new project to find if that project is worth to invest because if you don't research, you will end up getting scam of that project.
Many new projects out there, but only a few of the projects that can succeed at the end of the campaign, and I am sure you don't want to get scammed by them.
If you can not get more information about the project, you don't have to force yourself to invest in that project because you will lose your money in the wrong project.
It is better to search for another project which can have the potential to succeed in the future.
If you invest in one project and the price does not increase, you need to be patient because not many projects can lift the price quickly. Maybe you need to watch the token to know where the market is and sell the token when the price increases.

joseyphil82

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Activity: 742

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We should stop looking at whitepapers and roadmaps from new projects, this can easily be put together, we should focus more on the team and the project utilities, this two are more important than whitepaper, gone are those days where you can judge a project by it's whitepaper and roadmap

jolle123

jr. member

Activity: 190

Merit: 1

Fully agree with this. Putting effort to do a research is a must it will save you and eventually take you away from falling into fraudulent projects. Because nowadays a lot of scam project are booming from the market but also there's also a good and reliable one and this is the yB token that will give you the best reward/investment.

b1boy

jr. member

Activity: 392

Merit: 2

I totally agree with you and on this and i still dont get how people dont know the fact that they have to do enough research before investing in a project..... no matter how obvious it is that a bounty is scam project some people would still love to waste their time doing it and henceforth bringing more people to be scammed and most if of the Defi ones are bringing in the new waves of scam bounties

StyleForceOne

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Activity: 304

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Quote from: Rowenta on October 31, 2020, 02:33:31 AM

Be careful with altcoin bounties, they are mostly scam, I'm not saying all of them are but majority of them are not making sense, make sure you don't just join bounties without proper analysis, the most annoying ones are DeFi bounties, full of projects with no team information, do your part and save your time and energy.

Thats crypto and basically any investment 101 - don't believe any resource, but raw data.

sakuragi21

jr. member

Activity: 286

Merit: 1

This made sense for everyone, we really need to be careful and be more wiser taking a good analization before getting in into some projects because most of it is just a so called scam projects. But we also need to consider that there are also projects that can give us a good potential source of investement one of these is the yB token.

btc-facebook

legendary

Activity: 1862

Merit: 1015

Too many scam projects about DeFi, it should be a lesson not to easily get caught up in DeFi projects,
some analysis to avoid a scam project including looking at the profile and background of the team, try to look for details and make sure directly whether the profile is real or not, because now there are many fraudulent LinkedIn accounts that use other people's identities.

bitcoin31

hero member

Activity: 1834

Merit: 523

We already know that, but thenks for the remind and many thread like this who gives awareness to the bounty hunters do not join bounty campaign without knowing the real purpose of the project, mostly also bounty hunters once they see a hugh reward they grab it even it obviously is scam maybe they taking risk because if that is legit in the end they get high profit.

BChydro

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Activity: 1426

Merit: 506

Quote from: Rowenta on October 31, 2020, 02:33:31 AM

Be careful with altcoin bounties, they are mostly scam, I'm not saying all of them are but majority of them are not making sense, make sure you don't just join bounties without proper analysis, the most annoying ones are DeFi bounties, full of projects with no team information, do your part and save your time and energy.

Never promote that have anonymous developers and team members, when the ICO projects started everyone was adamant about having their privacy even though they were collecting millions of dollars and then we saw a huge percentage of scammers followed the route and billions are lost and that is happening in DeFi.

24Kt

member

Activity: 1092

Merit: 67

Quote from: StreakW on October 31, 2020, 07:04:12 PM

Do you own research, i don't know about this it's really working or not, yes it's work but not all aspects, sometimes we think the project will succeed but becomes fail, sometimes we think the project potential for the long term but the coin dumped until worthless, so many unpredicted move especially in bounties, so my opinion bounty hunter 60%luck 40%Dyor

Little advice to focus find bounty with top coin reward, this is will give more guarantee

Quote from: mace15 on October 31, 2020, 06:47:08 PM

so never again to experience of scam bounties.

We want it, but it's impossible

Look for projects that have strong foundation like the team and if possible, working platform. Also, check the credibility of the BM also. Is he the kind of BM that accepts any kind of project or he has the reputation that only accepts legit and good ones? But of course, it doesn't rely entirely with the BM, because you need to check the project's development on your own and assess if it has the capability to implement their objectives.

Topic: Do your own research before opting-in (Read 466 times)