Topic: How to know if Bounty is scam? - page 61. (Read 7534 times)
The website should clearly outline the development project (White Paper) and Roadmap: what, what and for what time will be executed. What is ICO Bounty in general and why is it needed? What useful functions can it carry? How will the ICO project work and on what technology? A quality bounty project will certainly disclose all this information. Typical hype, on the contrary, will try to blur the brain with promises of fabulous profits from a new "perspective" coin, and describe the technical component with vague, meaningless phrases;
To know if a bounty is a scam or not is very difficult, but one of the ways to check out if it is a scam is by observing the rate at which the team is communicating to either its investors or those promoting their projects (bounty hunters).
It's not easy to know if a bounty will be good or it will be a scam. But one can see it if one's vigilant and then when the project team is not responding or the bounty manager of the project is not responding and even updating new information often then one can know.
I think you can not immediately determine there are good projects , but in the end they just close and do not pay anything
I will never know if this project is a fraud or not at the opening of the project, but usually we know that it is a fraud at the end of the campaign, but it could be in the middle we know it because the active manager will not delay the fraud project as it will spoil the name manager, so that's the risk that we follow in this forum because not all projects will pay us.
Now there are so many bounty projects that it is very difficult to grow up. It takes a lot of time to go through the pages of projects to understand that it is particularly solid. Sometimes we miss it. We are trying to support what we find as much as we can.
To begin with, you need to figure out what to count as a scum. If the project has not collected the right amount, even for a soft cap. Is it a scam?
Now there are so many bounty projects that it is very difficult to grow up. It takes a lot of time to go through the pages of projects to understand that it is particularly solid. Sometimes we miss it. We are trying to support what we find as much as we can.
first make sure the bounty manager is recommended, second make sure that ICO is running is original project, because if ICO scam project of course I bounty it will be scam,
read the background of ICO well. check their website and join their telegram group. usually if the telegram group there is a good response from the manager then the possibility of a small scam.
I think for now you should always check the Team and see if they are real people. This for me is a big red flag if they are pretending to be people they aren't and also if they hide their identity for so called privacy reasons.
first make sure the bounty manager is recommended, second make sure that ICO is running is original project, because if ICO scam project of course I bounty it will be scam,
You need to find it out by looking at the number of money they are going to put in the project, and mostly the website of all of the ICOs is telling you everything.
you need to do your background research. See what the other people are saying, maybe someone got scammed already? The thing is making sure that the project itself looks legit.
Your question is also my concern. when I know bounty, I have been scammed many times and I think there should be a way to stop this. Otherwise there will be no fairness in this area. Hopefully in the future there will be a best solution. Thank you!
First of all you need to do a lot of research before investing and trying any ICO, or altcoins. When you do that research you can discover things like, who are the people behind the project, what is the goal of this or that project and etc. From that you draw the conclusion whether it is a scam or not.
Watch the Bounty Management Team, the Telegram Group. See if they have regular activities. Keep track of the site they have in each category, usually those scams do not have a perfect community.
suggest that you do not enter the bounty you can not. join in what they can get communicate with.they are not the people who will get into the tricks like they already get the answers they do the tasks they make the effort for the project
Unfortunately number of scams are getting worse. All those money attracting scamers and they don't hesiate fooling people and getting their money or services then they dissappear like a ghost. To avoid them never jump in a project before doing a proper research of them. Check the team , their profiles on social networks , check ranking platforms like icobench to learn more about them.
Rating platforms can give high marks. But this does not affect anything, the project can still be a scam
I always check if the team are legit or not. Check if they are real people and not a dummy or invented name in Linkden. If those guy are a reputable people atleast you can see their names in Google when you search it specially their CEO. Then look at the project if it is worth to join and the Bounty allocation if its worth the time and effort.
It is also necessary to verify the authenticity of the project itself. For example, whether the composition of a team member is open and transparent. Whether it is true or not. See if they have a LinkedIn account. The technical update of the project. Whether the project roadmap is clear. Find the relevant rating sites. Look at the project rating. Combined with the above validation, I give my conclusion whether the project is a hoax.
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