Joining in the bounty or aidrop will be similarly with gambling or speculating with the future of project and how reputation of developers. There are so many greedy developers and they will not let the hunters or airdrop participants to take the advantages from their tokens. This is the fact and i have even seen so many times the legit projects were scamming the hunters.
You can 't define it easily because sometime the developer act like they were a trusted parties but the fact was the opposite thing.
Topic: How i define scam project? - page 2. (Read 459 times)
The most frequently used way to identify a scam project is to look at the developer team, track record, scale of their business, any documentation material related such Whitepaper, Roadmap, Website etc. but sometimes projects with good plans and preparations also still had possibilty to be completely faild or abandoned. and end up with completely fails. I prefer to choose some project that already running and is in a position that many people are interested in.
Project team's reputation is the most important factor you need to consider before investing or joining into a bounty or airdrop. Then there are some easy ways available in like when a team lies about their raised funds and they keep saying that their project is going to launch soon again and again.
It does not matter. my point was, if you have a use for it and you can also support the project, then by all means go for it. Then the price does not matter. For example if you used Steemit and you do not care about the price but want to use Steam dollars to boost your content, then at least you have something to use it for. Most alts are pure speculation, no utility this was my point.
But supporting a project does mean that the backer has some interests in it. Very few people would back something just out of pure emotional connection. VCs do that for profits because they have the skills to identify a possible profitable project from a non-profitable one.I get your point but most of the users here have come to back projects to get paid. One of those could be by becoming a part of the project in future but I dont see that being the most common case for VCs or retail investors.
SBD is a good example for how alternative use to money can be obtained by using the same altcoin. This is lacking in most altcoins - an inherent method to develop a supply/demand gap. That drives the price and keep the market active.
Not necessary,,, I see community members as two distinct people.
Token buyers and Users.
Token buyers have a financial interest in it, but they are not even thinking in the same mind as investors (who do not buy the token but put money in the development).
Users of course would love to see a good price but a bad price does not stop them from using it. Think of Bitcoin as the easiest example. They do not see themselves as becoming controllers (unless you are Elon) but they are happy knowing they help make up the whole big Bitcoin economy simply by using.
It does not matter. my point was, if you have a use for it and you can also support the project, then by all means go for it. Then the price does not matter. For example if you used Steemit and you do not care about the price but want to use Steam dollars to boost your content, then at least you have something to use it for. Most alts are pure speculation, no utility this was my point.
But supporting a project does mean that the backer has some interests in it. Very few people would back something just out of pure emotional connection. VCs do that for profits because they have the skills to identify a possible profitable project from a non-profitable one.I get your point but most of the users here have come to back projects to get paid. One of those could be by becoming a part of the project in future but I dont see that being the most common case for VCs or retail investors.
SBD is a good example for how alternative use to money can be obtained by using the same altcoin. This is lacking in most altcoins - an inherent method to develop a supply/demand gap. That drives the price and keep the market active.
Bitcoin is the same! If I could not use it, if I could not benefit from it other than trading, I would stay away.
Bitcoin is different on the other hand and we are talking about shitcoins on here where theres no relevance or actual usage into their existence.When it comes to selection of projects that you are tending to engage on then there are several factors that you should consider.
Relevance and not to engage with copy cats should be put up in mind. Choosing projects is hard as hell but using up your own common sense
and bit of research would do the job.
It does not matter. my point was, if you have a use for it and you can also support the project, then by all means go for it. Then the price does not matter. For example if you used Steemit and you do not care about the price but want to use Steam dollars to boost your content, then at least you have something to use it for. Most alts are pure speculation, no utility this was my point.
Assume they are all scams. And then, I always say this and this is important.
The best way to prevent getting scammed is not take part in them at all. I agree with your point.It is a bad thing that many VCs and retail investors have previously tried to back crypto projects and realized the truth that they cannot go head to head with a mainstream project of similar idea and that is what leads to the bankruptcy and failure of the crypto projects. The projects tried to publicize themselves doing airdrops and so on. But this has become a place for scams and free labor for the bamboozled bounty hunters.
Right now, the only thing that can be done to book future profit is buying bitcoin. No diversification into altcoins, if you have money to spare go to traditional fiat markets and buy some stocks, bonds, metals.
Yes,,, because if you assume they are all scams then you do not take part in any.
But my point which was more important was to see projects and coins as an opportunity to learn something new and do something new. If you do not have a use for the coin,,, stay away. If you cannot use it and cannot support it other than to trade it,,, stay away.
Bitcoin is the same! If I could not use it, if I could not benefit from it other than trading, I would stay away.
When it comes to selection of projects that you are tending to engage on then there are several factors that you should consider.
Relevance and not to engage with copy cats should be put up in mind. Choosing projects is hard as hell but using up your own common sense
and bit of research would do the job.
Assume they are all scams. And then, I always say this and this is important.
The best way to prevent getting scammed is not take part in them at all. I agree with your point.It is a bad thing that many VCs and retail investors have previously tried to back crypto projects and realized the truth that they cannot go head to head with a mainstream project of similar idea and that is what leads to the bankruptcy and failure of the crypto projects. The projects tried to publicize themselves doing airdrops and so on. But this has become a place for scams and free labor for the bamboozled bounty hunters.
Right now, the only thing that can be done to book future profit is buying bitcoin. No diversification into altcoins, if you have money to spare go to traditional fiat markets and buy some stocks, bonds, metals.
Yes,,, because if you assume they are all scams then you do not take part in any.
But my point which was more important was to see projects and coins as an opportunity to learn something new and do something new. If you do not have a use for the coin,,, stay away. If you cannot use it and cannot support it other than to trade it,,, stay away.
Bitcoin is the same! If I could not use it, if I could not benefit from it other than trading, I would stay away.
It's not easy to find out which project will turn out scam, all you can do is be more selective in choosing the bounty you want to participate in and you can make a bounty list like what you choose to follow, for example, Who is the BM handles the bounty, what amount of prizes (don't be too tempted by large amounts), but whatever it is will not guarantee you can avoid bounty scams.
Assume they are all scams. And then, I always say this and this is important.
The best way to prevent getting scammed is not take part in them at all. I agree with your point.It is a bad thing that many VCs and retail investors have previously tried to back crypto projects and realized the truth that they cannot go head to head with a mainstream project of similar idea and that is what leads to the bankruptcy and failure of the crypto projects. The projects tried to publicize themselves doing airdrops and so on. But this has become a place for scams and free labor for the bamboozled bounty hunters.
Right now, the only thing that can be done to book future profit is buying bitcoin. No diversification into altcoins, if you have money to spare go to traditional fiat markets and buy some stocks, bonds, metals.
I am new in crypto sector. I was participated many airdrop and bounties. but most of them were scam. They didn't pay their promoter.
Welcome to the crypto. You should participate in the airdrop or bounty that already created by the trusted project developers. If you were joining in the various bounties or airdrop that created by the anonymous developers and you may end with earn nothing.
You must need learn a lot about how to identifying the potentially scam airdrop or bounties. You are still new in crypto and that's way it's a common thing.
What you need to do to adapt with the environment of crypto. There lots of scam projects. Be careful. Try to see a quality of project based on the its code, track record of team and various things.
Assume they are all scams. And then, I always say this and this is important.
Support a project you actually really like. Where the tokens you would actually not just want to hold but also to use. If you have no use for it, and will never use it, then do not go for it.
No use = will never succeed even if not scam.
Support a project you actually really like. Where the tokens you would actually not just want to hold but also to use. If you have no use for it, and will never use it, then do not go for it.
No use = will never succeed even if not scam.
I am new in crypto sector. I was participated many airdrop and bounties. but most of them were scam. They didn't pay their promoter.
Who are you fooling? you're new in crypto sector but had already joined Many airdrops and bounties? lol that must be a Joke 
you are claiming to be a Newbie because you don't wanna be blamed of your stupidity of still joining scam projects.
and definition of scam projects ? you should have known that already being a victim for many times lol.
You have to avoid joining projects that are available for promotions, always be picky and you will have less disappointments along the way, make sure you follow reputable bounty manager as well and do good research on the project too before promoting, about airdrops just forget it because it's not going to worth the hassle even if they pay it's going to be penny
I am new in crypto sector. I was participated many airdrop and bounties. but most of them were scam. They didn't pay their promoter.
Your question in the title and the OP dont really match but you are asking something similar.In short there is no method to clearly mark a project as scam but there are methods to detect if a project is a possible scam. You will need to do some basic research on the project's owners, website, whitepaper, advisors.
Owners: can be fake images posted. But difficult to detect even with reverse image searches. They may have posted stock images as well.
Website: May be a recently registered website. Check their roadmap and tally their dates with the website. Usually a scam project will take the timeline way back than when the website was launched.
Whitepaper: May be copied from other sources.
Advisors: Many times we have seen well known crypto VCs getting their faces posted on scams and saying that they are advisors of these projects. Very simple way to solve this, log in to linkedin and send that VC a private message about the project and if they know about it. Most VCs who are active enough will reply and reveal if they did invest anything in that project or not.
But dont waste time on airdrops - I call them shitdrops for a reason.
I am new in crypto sector. I was participated many airdrop and bounties. but most of them were scam. They didn't pay their promoter.
And this is where you should really make your own research and make verification in all of possible things that you could check before proceeding on joiningbounties even though it wont be that precise or make assurance but at least risk chance is lessen.
Check for:
•Project Roadmap ( Check if its realistic or not)
•Devs neither anonymous or not
•Realistic bounty pool or reward
This is why bounty hunting is already a shit nowadays but there are still people whom do love on dealing up with these things.
There are some scam projects that you can burst upfront with just some research but unfortunately there are also some projects that looks so well developed but have some bad intent at mind already, there is no fixed way to identify scam projects but you can limit your risks by investing only what you can afford to lose
Nothing comes easily, if you really want to make something good out of bounties you have to get rid of your doubting spirit and keep going on because at one point in time you will be so lucky that your reward will cover for all those times you've spent thinking you wasted your time
jusk ask about garanties , like did they have reviews at the forums, like that
1. You wrongly asked on the trading discussion board about the airdrop and bounty sector this should be moved to a more appropriate board.
If airdrops and bounties are your complaints why do you continue to promote them? You should think about how not to rely on bounties anymore because this is very difficult if they pay on time, you should focus more on useful posts compared to bounty reports that are full of spam, because indeed bounties and airdrops are always a scam and they only rely on promoters from every work.
If airdrops and bounties are your complaints why do you continue to promote them? You should think about how not to rely on bounties anymore because this is very difficult if they pay on time, you should focus more on useful posts compared to bounty reports that are full of spam, because indeed bounties and airdrops are always a scam and they only rely on promoters from every work.
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