Topic: FAKE ICOs Bounties. What to do? - page 6. (Read 6424 times)
There are a lot of bounties i joined and found out that it is a scam. It is very hard to identified if it is a scam because they gave their very best to show that they are legit and ofcourse i will work hard for it and then found it a scam if it is. But the saddest part even when the bounty campaign is legit and the ico is success but still they ran away.
Once you find out that they are scammers the only thing left is to leave the campaign and find another, if you really want to stick to bounties, which I totally recommend.
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?
Almost all of the ICO's today are being made to scam investor's and participants,its so sad to think that ICO's reputation is dirty because of the the scammers that they only thinking easy money and I observe that many of the legit projects now are not successful in their tokensale because many investors stop investing in a ICO's for the reason they are losing a lot of money they invest and losing their trust in the ICO's,so before investing or joining a project you need to research it check their website and also the team behind if not anonymous so that you can assure if the project is legit.
Its sad, most scammers use ICO's a new means of extorning people coins, since they see ponzi and creation of fake mining platforms isn't working, but 1 thing they should understand it the Crypto market might not see lots of progress if this proceeds, because new investors will always get discouraged and one day give up, but its sad this selfish people do not understand this.
You must check all the factor before. Not all ico are fake before you join any ico you have to find out which project was real, what is the company road-map, market demand and the dev team if all the factor remain good then that project called the real ico.
I think that such companies should be banned because they are all wearing collars and when participating in the project you just kill your own time. It's better to check these false companies and do not give them the opportunity to go to the forum.
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 guess the number 1 tip I'll be giving is that when you find the campaign manager suspicious, leave the bounty already. You can inspect it by looking at the rank and trust rating of the campaign manager. And also their website, if you think that it's not legit then don't join.
if you want to join a particular bounty campaign, try to thoroughly investigate about that project. You can check the official rating of people about such ICO project, check its white paper and there may be a need for you to ask questions from people whom you know really know more than you do in bounty hunting.
Well I think some of those ico bounties that turn scam didn't originally come as scam. Sone of them have a problem of reaching soft cap and as a result decides to halt the project. So what I do is before joining any bounty I do a little research to find out the team, product or even partners of such projects. I don't just jump into any bounty.
Even experienced hunters can not be assured of a generosity project for 100% fraud, which they learned to do in ways that are difficult to distinguish
You can try visiting the project's website and read the details. It's a big frustration on the part of the investors and participants if the project is the scam.
I will advice that you do some research before engaging in any bounty
Definitely, do some investigating about the company before diving in too far. Make sure you are on top of what is really going on.
Recently, it is difficult to identify fraudsters, but always before entering the company it is worth exploring the site and the social network.
I'd better leave it if I were you to not waste our time because in my past experience in a scam campaign that didn't give our rewards. All the participants ask for the team manager and he just always say that they are not the one who distribute the rewards and the bounty manager is also saying a the same answer. That's why I think we can't do about that thing we can only do is just leave those kind of campaigns.
The first step you must have done before decide to join in any Bounty is review How potential it is. You should read white paper, join telegram group and see what people ask! You should also ask concerning questions you got, based on your knowledge from what information you earned on that project from white paper!
I think they should all be banned and should be given punishments because they are all greedy person who takes advantage of others. Although its very difficult to do, I think all we can do is to be more extra careful. If you think you are already into it, try to get out of it as quickly as possible. Try also to report the person behind the project.
You should always check out the team's background as well.I think reading the whitepaper can give you a good idea about the credibility of the project.
You have experienced the kind that you follow to the end but are finally still waiting and you are told that they are cheating people's money. If you are involved in this fake thread, you have no way of getting anything. You can choose extraordinary gift managers, which generally do not happen, and avoid only member-level managers and Bounty members.
just like everything in life, you avoid anything which ain't real or fake. simply cuz it'll lead you to nowhere.
Jump to: