Topic: FAKE ICOs Bounties. What to do? - page 40. (Read 6457 times)
There are a lot of fake ICO and bounty campaigns that are in this forum , and we cannot determine it . I have been in this kind of ICO and bounty campaigns that are scams , and i loss my money investing in this kind of ICO. Now i learn that when you want to start investing in an ICO , you must make a research first , if they have the good team , good advisors and a good community to take care of their project to be successfull. And also when they have a good roadmap and interesting whitepaper.
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?
It is hard to notice whether a bounty is genuine or scam. The best thing to do is check the bounty manager's trust. Read more. Check out the project's whitepaper. And do not go for a too good to be true bounty reward, sometimes it's a trap. And if you feel that the project is not good and maybe a scam, don't hesitate to leave. Your work will be wasted.
it is quite difficult to detect whether the project is a scam or not. I've also been stuck bounty scam because interested in the allocation of bounty is very large. I know that the project is scam after reading the report thread. the project is a scam because their team is fake. based on that experience, I advise you not to be gullible with big allocations, it's worth checking out the truth of the team and the project 
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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?
I suggested to you that choose a great known manager that has a lot of campaign. It is good to choose a manager that has a lot of campaign because sometimes a manager that holds a multiple campaign doesn’t reach the hard cap but you can earn for a litte investments
Choosing ICO bounty should be careful. Newbie should read a lot. That is the fact. Otherwise, it could be continuously follow ICO bounty which is fake and will waste your time. Choose ICO bounty that can be digested logic. Notice the opinions of other bounty participants, if many are interested it signifies a good bounty but does not guarantee that it is fake.
Most of the ICOs nowadays are most likely scam and fake but we cannot hold the fact that there will always be ICOs that are scam but what I always do to dodge the bullet is I tend to be wiser and mindful in joining ICOs. I always assure that the criteria of a good ICOs is with that specific project for me to know that it is legit and reliable before I start joining.
I try to follow an experienced team that has long and successfully conducts the bounty company. It is also worth visiting the project website and carefully study it. Look who is in charge of this project, maybe they have already created a good project. Read the white sheet carefully.
Stay vigilant and aleart as such kinds have improved in the recent past,
Basically? You can do nothing if you discover one early just report to the forum on the right section and ask to bounty manager to close the thread, since scam is not moderated noone will do noting I guess.
If I before joining bounty I always see the list of participants who guided the project. And if the participant signature that follows most of the senior member in my opinion worthy project to follow. And you can also look through their website and their projects.
To be honest, I have repeatedly caught the bait of scammers. It's a shame when you waste your time, and in return you get nothing. Sometimes it is difficult to distinguish a good project from a fraudulent one. They learned how to do fake projects. I think that in the future there should be a platform that will help to filter ICOs. It would be a salvation for investors.
We must have information! Where to get information about these campaigns and how to understand the scammers or not? I always start my choice with the fact that I'm looking for all the specific information about this campaign and the final product on which the bet is made,of course this is not important but as a factor. I look at the budget for this campaign and what they promise their investors. I look through the roadmap in the project of the campaign and of course their official website.
I think there's no guessing what kind of project will turn out to be bad in the end. But probably one of the indicators is when they promise a very large reward
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?
It is actually difficult to differentiate legit and scam ICOs or campaigns. Because some are just copying the white paper of legit ICOs and making fake teams with fake profiles to make their project legitimate. That is one of the reasons why most ICOs are failing, some investors are scared to invest in ICOs because of this.
I think that you are absolutely right. We have to find a way to stop fake ICOs or this will kill the whole market. The scam projects are not just pulling money outside the crypto economy, the scams are destroying peoples faith and push them away.
To be sincere there is no sure way to be hundred percent certain a bounty is not scam but you can just try your best and do necessary researches. If i don't find the project featured or reviewed by some particular reputable platforms, I just let it pass and move on to the next.
Many talking about team, whitepaper, road map. Nope, first you must think, for what this project, and how it will works. If its ethereum limited - limited token of ethereum on ethereum blockhain it's obviously bullshit.
Well if I already sense the bounty campaign already scam, I avoid to joined to them because it is a waste of time to me and they can’t pay you right. Always read their whitepaper, articles and the telegram for the knowledge to their bounties. Be careful to pick ICO because much of them is already scam and a waste of time. Pick always a good bounty manager and a good ICO to have a good income.
One of the easiest ways to choose good bounty campaigns is to create your own list of bounty managers who have authority on the forum. They usually manage a lot of bounty campaigns at once. You also need to research the projects as other people have already said, but even then you will face scam quite often.
Well, I keep track of the managers who were successful projects. I made a list for myself, and bring there managers with successful projects.. And in the future I am looking for projects with their participation! Sometimes I have good communication with some managers and they inform me about their new good projects!
Read the project roadmap, visit the web site and see the group of developers,because the fate of the projects depends on them, but the risk will still be present.
Seriously speaking it sir really hard to pick the weeds from the seeds this days. But to just be more practical, you can choose to participate in bounty through a ready made sites like bountyhive etc
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