Topic: FAKE ICOs Bounties. What to do? - page 20. (Read 6424 times)
The more you follow the ICO the more experience you can. Of course, the experience brings a lot of progress from the knowledge you have. The scam project is pretty much in number, so you're stuck in it. But, with that experience, you can be more meticulous and smarter in avoiding scam projects. If you get a scam project, leave immediately and look for more competent projects.
I am a newbie just trying to grow on this platform. Within a week of participating in altcoin bounties, 2 bounties I participated in have been reported as Scammers. I get a lot of reads on my articles and Social media pages. I cannot keep encouraging people to invest in these altcoins if they would eventually get scammed. How can new bounty hunters like myself differentiate between a genuine bounty and scammers bounty?
You can report that to scam accusation section here : https://bitcointalk.org/index.php?board=83.0
Usually there are many peoples reporting there as well. Both investors and supporters must immediately report.
Look at the Titanium blockchain, the founder has been handled by SEC because there are many reports.
When I participated in the social Bounty, I met about 10 projects that turned out to be SCAM.
Scam is difficult to determine, especially for beginners.
It is necessary to carefully analyze such factors as: road map, white paper, development team.
Such experience will come with time!
Scam is difficult to determine, especially for beginners.
It is necessary to carefully analyze such factors as: road map, white paper, development team.
Such experience will come with time!
You need to check before start to work on it. Team, website, whitepaper all main documents you find can be a light if it is fake or not
Here is the article about the scam projects: https://icoguide.com/en/blog/how-to-identify-scam-icos there are main tips but it is necessary to make your own research, educate yourself, look closer and then you have chance to choose good project.
You can tell if it's a scam if you just trust the Pros or Expert. Try to check the people behind that project and joining the bounty campaign. If you see most of the participants are just newbie then you should try to ask someone about that project why they're not joining it.
When you feel it's a scam get out of it asap
All beginners expose to be scam too for there first moment working with crypto, and yet sometime experts also does. Its to insane to figure out the currency if it scam or good, cause even fraud ICOs display a well oriented platforms and whitepaper but suddenly scams in a little bit moment, That's why being updated day by day is the best way to do to avoid losses, its good also to act in a moment or work on how the currency flow, cause everyday unprepared plan of moderators can occur, and Its much safer rather than putting many more trust to gain profit.
In my opinion, as fellow newbie bounty hunter, in order to differentiate which one fake ICO, first of all we need to check the team of project itself, is it the real one or not, and then we can check the roadmap of the project
Cryptocurrency space is still evolving and there will be many successful project while we see few fail project and scam here and there. As to what to do about it, you just need to know when to participate in a project and when not to.
Unfortunately it can not be avoided to come across fake ICO etc.
You'd better leave it alone if there's any evidence of fake.
There is no guarantee but normally the gut feeling helps.
You'd better leave it alone if there's any evidence of fake.
There is no guarantee but normally the gut feeling helps.
The best option is to find good bounty managers and participate only in their projects
To be able to know the legitimate bounty and bounty the scam is actually very difficult. Because of the difference from the legitimate bounty and the scam bounty is very slim. You have a lot to learn and practice to follow a lot of bounties, maybe you will get bounty scam again, but I think from that experience you will be more adept in analyzing and differentiating legitimate bounty and scam. So you will get many benefits from the bounty that you follow next because you have been able to choose a valid bounty.
There is no proven formula, but getting familiar with the project and the people behind is always a good start. Take your time, explore other ones and give it a space to show if it is a legit project or just another scam. Go in as first as a researcher, later as a bounty seeker or investor.
more than one heuristics to identify scams without problems:
1. The team page is completely absent or highly sparse
2. The advisor's page has people who have publicly declared they're no longer a part of the ICO
3. The phrases or the token sale are doubtful or overly favorable to founders and insiders (>30% in combination is suspicious)
4. The challenge is offering guaranteed daily returns
5. White paper is lifted from different assets
This gained’t seize a hundred% of scams, however, will let you effortlessly evaluate a mission and parent out if it’s a scam early.
1. The team page is completely absent or highly sparse
2. The advisor's page has people who have publicly declared they're no longer a part of the ICO
3. The phrases or the token sale are doubtful or overly favorable to founders and insiders (>30% in combination is suspicious)
4. The challenge is offering guaranteed daily returns
5. White paper is lifted from different assets
This gained’t seize a hundred% of scams, however, will let you effortlessly evaluate a mission and parent out if it’s a scam early.
Hello! You are lucky! 1-2week for bounty its nothing! I had participated almost 9 month and I have received nothing! There is no 1000% rules how choose good bounty! I think that you must participate in a lot of bounty. For example 100 bounty - 90 will be scam but 10% or less will be OK! Good luck!
So many scam bounties i have also fell on that will failed to pay the set amount after completing task while some will want to pay lesser than the stipulated amount.
I am a newbie just trying to grow on this platform. Within a week of participating in altcoin bounties, 2 bounties I participated in have been reported as Scammers. I get a lot of reads on my articles and Social media pages. I cannot keep encouraging people to invest in these altcoins if they would eventually get scammed. How can new bounty hunters like myself differentiate between a genuine bounty and scammers bounty?
Many more experienced people say, one of the easiest ways is to follow an experienced bounty manager. Maybe you can search their list. Of course there will never be a guarantee, but at least the risk will be smaller.
you need to be careful and before you participate in the project you need to study it
A decent method to separate a decent ICO and trick ones is the measure of assets that have been brought up in the pre-deal. I know most ICOs don't post this information, don't have a pre sale, yet I by and large never complete an bounty that doesn't have some pre sale sum, except if the publicity for the ICO is inconceivable.
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