Topic: how you will tell if the Campaign is scam ? (Read 303 times)
First try to read thier white paper, second is thier website , i always look for the campaign that shows the real time status of thier ongoing ico and not hiding it. The last one is how active thier team members to answer every queries on thier telegram group.
Does anybody else have any tips to look for bounties that aren't scams?
If I may add, I also check the credibility of the bounty manager.
I think a good bounty manager will examine the bounty campaign prior having any business with it. The higher the trust rating of that bounty manager, the higher that chance that the bounty campaign is not a scam.
I think a good bounty manager will examine the bounty campaign prior having any business with it. The higher the trust rating of that bounty manager, the higher that chance that the bounty campaign is not a scam.
For me, when I do my own research for each bounty campaign, I make a criteria
1. Team should be visible and transparent.
2. Team should have passed KYC on ICO review sites like ICOBench.
3. Website should be of High Quality.
4. Grammar on content on website should be perfect.
5. Social media posts should be updated at least once every 3 days.
6. A video or picture of team members present in conferences, roadshows etc.
1. Team should be visible and transparent.
2. Team should have passed KYC on ICO review sites like ICOBench.
3. Website should be of High Quality.
4. Grammar on content on website should be perfect.
5. Social media posts should be updated at least once every 3 days.
6. A video or picture of team members present in conferences, roadshows etc.
It is helpful for the new bounty hunters like me,the best way to know is that research about the project this is what the majority suggested and it is proven right because I already did it and turns out successful.
Second Duration of the bounty campaign.
The longer the bounty lasts - the greater the chances that, at the end of it, you will lose a lot of time without receiving any profit, which could be insulting after 2-3 months of work. Also a bad sign when the end of campaign is constantly postpones.
The longer the bounty lasts - the greater the chances that, at the end of it, you will lose a lot of time without receiving any profit, which could be insulting after 2-3 months of work. Also a bad sign when the end of campaign is constantly postpones.
May I ask ?
why is your old Bounty Program not good or Scam?
The best indicator I use to check if the project has been able to raise some funds through private sales or meet part of the soft cap. In such an instance, you can figure out the project won't fail or postpone.
I always notice some members in this forum always asking on how you will tell if the Campaign is a scam so i wrote some things you need to check before entering some campaign
First the idea of the project
If the project is called upon to solve some real problem and has no analogues yet, then it is worth attention.
If the problem is "imaginable", then boldly pass by.
Second Duration of the bounty campaign.
The longer the bounty lasts - the greater the chances that, at the end of it, you will lose a lot of time without receiving any profit, which could be insulting after 2-3 months of work. Also a bad sign when the end of campaign is constantly postpones.
Third Duration Soft-cap
Why is this factor so important? If the project does not collect this soft-cap, which is nothing less than the minimum required amount for the implementation to the project - you will get hole from donuts . You can track of the official web-site how many company has already collected.
Fourth Duration Website quality
If the site is poorly made, many bugs in the interface, poor graphics, then either it is made for illusion, or team has not normal programmers. Both options, of course, are not a good sign.
Happy Hunt.
First the idea of the project
If the project is called upon to solve some real problem and has no analogues yet, then it is worth attention.
If the problem is "imaginable", then boldly pass by.
Second Duration of the bounty campaign.
The longer the bounty lasts - the greater the chances that, at the end of it, you will lose a lot of time without receiving any profit, which could be insulting after 2-3 months of work. Also a bad sign when the end of campaign is constantly postpones.
Third Duration Soft-cap
Why is this factor so important? If the project does not collect this soft-cap, which is nothing less than the minimum required amount for the implementation to the project - you will get hole from donuts . You can track of the official web-site how many company has already collected.
Fourth Duration Website quality
If the site is poorly made, many bugs in the interface, poor graphics, then either it is made for illusion, or team has not normal programmers. Both options, of course, are not a good sign.
Happy Hunt.
Very good observation and I really like the last one. I’m a developer a developer myself and when it comes to poor website making, I have the advantage on looking for one. A real ICO can afford a developer that will please investors. So most likely if the website is poor, it’s a potential scam ICO. Good point.
Thanks for sharing this. So many ICO are scam and you waste months working for nothing. Reading their white paper helps also to figure out those that have not come to stay.
When there is little history/evidence of the teams previous works and projects as well as lack of technicality, you should be cautious and expect the possibility of a scam.
I would recommend to pay attention to these factors: they must have a good Whitepaper, read it scrupulously, cause some ICO just steal somebody's else Whitepaper and just change the name of the project. They must have MVP on their website, cause lots of projects like to write how cool they are, but don't have anything except these pompous words. Their employees should have profiles on Linkedin, for example, cause scammers are afraid of revealing their personality and often they whether don't have any profiles of steal somebody's photos. Check their groups on the different social networks, they should be active and not filled with bots and fakes. Check their profile on GitHub. I would recommend you to pay your attention to Cryptics - forecasting platform which does use 100% AI. Their project does satisfy with all these requirements. They have already had a good MVP. Their AI does analyze the market of crypto currency and make daily, hourly and four-hourly forecasts for the different matches of cryptos, some exchanges and for the market. There will also be opportunity to trade and make investments. In September they are going to launch a trading bot on the platform.
Best is to follow Amazix campaigns,you can be sure their campaign will be good.
I always notice some members in this forum always asking on how you will tell if the Campaign is a scam so i wrote some things you need to check before entering some campaign
First the idea of the project
If the project is called upon to solve some real problem and has no analogues yet, then it is worth attention.
If the problem is "imaginable", then boldly pass by.
Second Duration of the bounty campaign.
The longer the bounty lasts - the greater the chances that, at the end of it, you will lose a lot of time without receiving any profit, which could be insulting after 2-3 months of work. Also a bad sign when the end of campaign is constantly postpones.
Third Duration Soft-cap
Why is this factor so important? If the project does not collect this soft-cap, which is nothing less than the minimum required amount for the implementation to the project - you will get hole from donuts . You can track of the official web-site how many company has already collected.
Fourth Duration Website quality
If the site is poorly made, many bugs in the interface, poor graphics, then either it is made for illusion, or team has not normal programmers. Both options, of course, are not a good sign.
Happy Hunt.
First the idea of the project
If the project is called upon to solve some real problem and has no analogues yet, then it is worth attention.
If the problem is "imaginable", then boldly pass by.
Second Duration of the bounty campaign.
The longer the bounty lasts - the greater the chances that, at the end of it, you will lose a lot of time without receiving any profit, which could be insulting after 2-3 months of work. Also a bad sign when the end of campaign is constantly postpones.
Third Duration Soft-cap
Why is this factor so important? If the project does not collect this soft-cap, which is nothing less than the minimum required amount for the implementation to the project - you will get hole from donuts . You can track of the official web-site how many company has already collected.
Fourth Duration Website quality
If the site is poorly made, many bugs in the interface, poor graphics, then either it is made for illusion, or team has not normal programmers. Both options, of course, are not a good sign.
Happy Hunt.
I would also recommend to read the white paper, check some media publications about the project, check social media (especially Telegram and Facebook), and check the team
It is not just easy to tell if a campaign is scam or not until the team bolted away with your hard earned cash. But I think criterias like the team unwillingness to communicate to investors or the team unable to even explain some technical aspect of their project makes a campaign look scam.
The best indicator that I use to determine if a campaign is scam is if the team has not shown themselves in public. I'm not talking about the LinkedIn profiles, but rather event pictures with the team and interviews done.
I'm always looking for videos or pictures that showcase the the team in events or even interviews.
There are some ICOs that have anonymous teams, and I don't join them since they have higher chances of scamming.
It may be a bit late to join a campaign after seeing the team in action but at least the campaigns I have joined in using this method have been successful.
I'm always looking for videos or pictures that showcase the the team in events or even interviews.
There are some ICOs that have anonymous teams, and I don't join them since they have higher chances of scamming.
It may be a bit late to join a campaign after seeing the team in action but at least the campaigns I have joined in using this method have been successful.
This is what I came here to type and I'm glad I decided to check the existing replies before penning mine. I have been involved in a scam campaign and the first thing I realized after it was discovered was that the team never put themselves out there. They didn't attend any events or conference or anything. I must say that they sold a very big dream and I guess many people (including myself) were to excited to notice the other flaws.
I always notice some members in this forum always asking on how you will tell if the Campaign is a scam so i wrote some things you need to check before entering some campaign
First the idea of the project
If the project is called upon to solve some real problem and has no analogues yet, then it is worth attention.
If the problem is "imaginable", then boldly pass by.
Second Duration of the bounty campaign.
The longer the bounty lasts - the greater the chances that, at the end of it, you will lose a lot of time without receiving any profit, which could be insulting after 2-3 months of work. Also a bad sign when the end of campaign is constantly postpones.
Third Duration Soft-cap
Why is this factor so important? If the project does not collect this soft-cap, which is nothing less than the minimum required amount for the implementation to the project - you will get hole from donuts . You can track of the official web-site how many company has already collected.
Fourth Duration Website quality
If the site is poorly made, many bugs in the interface, poor graphics, then either it is made for illusion, or team has not normal programmers. Both options, of course, are not a good sign.
Happy Hunt.
First the idea of the project
If the project is called upon to solve some real problem and has no analogues yet, then it is worth attention.
If the problem is "imaginable", then boldly pass by.
Second Duration of the bounty campaign.
The longer the bounty lasts - the greater the chances that, at the end of it, you will lose a lot of time without receiving any profit, which could be insulting after 2-3 months of work. Also a bad sign when the end of campaign is constantly postpones.
Third Duration Soft-cap
Why is this factor so important? If the project does not collect this soft-cap, which is nothing less than the minimum required amount for the implementation to the project - you will get hole from donuts . You can track of the official web-site how many company has already collected.
Fourth Duration Website quality
If the site is poorly made, many bugs in the interface, poor graphics, then either it is made for illusion, or team has not normal programmers. Both options, of course, are not a good sign.
Happy Hunt.
What you mention is in my opinion not automatic signs of a scam. It is also not solid criteria that can be used to claim that all such campaigns are bad. E.g. failure to get to the soft cap might be the direct result of a failure to effectively market a relevant project. Nothing more. There could still be enough room to push it passed the soft cap.
It is better to look into the background of the bounty manager. Look at whether previous campaigns a relevant bounty manager managed - ended successfully without problems. If not, avoid. If the bounty manager has a good track record, the next thing you want to do is to look if the project you're tasked to help promote is solid. Continue from there.
I wont repeat things which was already said. I think that managerof bounty campaign is also important thing. If devs hire reputed and well-known bounty manager, I think it's higher chance that they are legit. If devs manage bounty campaign themselves or hire unknown manager, there are bigger risk that participants wont get paid.
And in general, people must be careful and do research about project before joining campaign. It's same like to choose ICO for investment.
And in general, people must be careful and do research about project before joining campaign. It's same like to choose ICO for investment.
The minute you see “masternode sale”
I always use
Fourth Duration Website quality
If the site is poorly made, many bugs in the interface, poor graphics, then either it is made for illusion, or team has not normal programmers. Both options, of course, are not a good sign.
This is very helpful i also always check the quality of their website before entering their Bounty Campaign.
Fourth Duration Website quality
If the site is poorly made, many bugs in the interface, poor graphics, then either it is made for illusion, or team has not normal programmers. Both options, of course, are not a good sign.
This is very helpful i also always check the quality of their website before entering their Bounty Campaign.
It still comes to my mind how do we distinguish whether it has these sign or not. Some of the bounties are abusive knowing that we have hope that we'll get tokens after the bounties.
by.
Second Duration of the bounty campaign.
The longer the bounty lasts - the greater the chances that, at the end of it, you will lose a lot of time without receiving any profit, which could be insulting after 2-3 months of work. Also a bad sign when the end of campaign is constantly postpones.
Second Duration of the bounty campaign.
The longer the bounty lasts - the greater the chances that, at the end of it, you will lose a lot of time without receiving any profit, which could be insulting after 2-3 months of work. Also a bad sign when the end of campaign is constantly postpones.
Possibility yes but I will disagree for some part as there are projects that still on working continously on the development actively eventhough the bounty lasts for 2 to 3 months. I like to give example but I don't want to promote them as it may misleads others that Im promoting a certain project.
In the first place for bounty hunters, if the bounty is announced to lasts for 2 to 3 months, it's on a view of bounty hunters itself if they think it's not worth anymore to joined the campaign. Surely while on the way, they will sees something that will make them stopped or continue. No one knows what will happened next, that's why it's risky to join bounty campaign. Just take it or leave it.
Fourth Duration Website quality
If the site is poorly made, many bugs in the interface, poor graphics, then either it is made for illusion, or team has not normal programmers. Both options, of course, are not a good sign.
Happy Hunt.
Yes obviously. How come some projects will do good at technical development if their website itself is a crappy one. This must be one of the main factor that investors and bounty hunters will look at.
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