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Topic: ICO/IEO projects are lying to airdrop and bounty participants for a long time! (Read 1081 times)

sr. member
Activity: 994
Merit: 257
We need to embrace the reality now, if you earn 1000$ worth of token from any bounty just be expecting 50$ to 60$ when it get listed on exchange, it's hard to see a new project that will maintain its ICO price after listed on exchange, market needs to recover to start enjoying bounties once again
But that is not very realistic anyway, you are making many assumptions, to begin with which bounty campaign is going to pay a single participant 1000 dollars on their own coins? Most campaigns offer rewards that are way lower than that so you are going to be lucky to get 5 dollars after months of work, another assumption you are making is that you think you are going to get paid when many bounties are not paying their bounty participants using all kind of excuses.
hero member
Activity: 1876
Merit: 512
It is all about marketing, they are hiding the whole truth from people.. One thing I have come to conclusion about all these airdrops is that only few of them would have value at the end, there are alot of tokens in my wallet with no value and I see more of these useless tokens having no value because they have no usecase
full member
Activity: 952
Merit: 110
We need to embrace the reality now, if you earn 1000$ worth of token from any bounty just be expecting 50$ to 60$ when it get listed on exchange, it's hard to see a new project that will maintain its ICO price after listed on exchange, market needs to recover to start enjoying bounties once again
sr. member
Activity: 994
Merit: 257
Accept the reality because that is how it works so that it can gain supporters or community. They may say that amount of tokens but in reality it can go down a little bit but how about $50 worth in market price when the market is booming? See, no one can control whether the token or coin will be dumped in the market or pumped. Though, I must agree that they should say "$ in ICO/IEO price"
Bounty hunters have been accepting that reality for years and look at what has happened, icos believe they can do whatever they want and if they decide to refuse to pay the ones that gave them all of that promotion on the forum and over the Internet there is nothing they can do, I think we are reaching a critical point, bounty hunters are tired of been the ones that are always being mistreated and I believe that sooner or later we will see them quitting bounty campaigns and icos will be left with no one to promote their useless projects.
full member
Activity: 1176
Merit: 104
Accept the reality because that is how it works so that it can gain supporters or community. They may say that amount of tokens but in reality it can go down a little bit but how about $50 worth in market price when the market is booming? See, no one can control whether the token or coin will be dumped in the market or pumped. Though, I must agree that they should say "$ in ICO/IEO price"
newbie
Activity: 61
Merit: 0
I am very sad to receive this information and really thank you very much for sharing. Recently most ICOs and IEOs are lying to us most of the time. Such scams are unacceptable.
sr. member
Activity: 994
Merit: 257
That is a marketing strategy, they will do everything they can to attract interested people to join the project that they are running. When the ICO or IEO is in progress, they set the price of the token at a very promising price, but the fact when tokens start being distributed, in fact there is no price at all. Although it can still be sold, the price is very much different when ICO or IEO is still ongoing.
What you are describing does not seem to me as a marketing strategy, they are outright lying to the people that are responsible for their success, it is no wonder that the popularity of bounty hunting has decrease significantly since 2017 since the developers of those projects believe that they can lie to their bounty hunters and then say that it is a marketing strategy, but this is probably never going to stop since it is in their best interests to pay with their useless coins instead of using something valuable like bitcoin or ethereum.
sr. member
Activity: 784
Merit: 250
DIA | Data infrastructure for DeFi
Nobody is lying my friend  Cheesy For example, if a token price is set to 1 USD and investors are buying tokens for that price and hunters are promoting for 50 tokens per week, it means this sum is equivalent to 50 USD per week according to the token sale price. There is never a guarantee that this price will stay the same.
newbie
Activity: 62
Merit: 0
ICO and IEO please stop lying to investors and those who intend to invest. With the information that they both gave incorrectly, it affected many investors. This should stop.
newbie
Activity: 62
Merit: 0
ICO / IEO projects are not telling the truth to the participants and the broadcast for a very long time. These projects have also misleaded people for a long time with tokenization
legendary
Activity: 1722
Merit: 1014
One thing that I really do not like about ICOs, IEOs, etc., is that they are misleading us for a very long time when it comes to the token price.

For example, there's one airdrop event in which you will receive an amount of tokens worth $10, $20, etc., and bounty rewards which you can get $50 worth of tokens for participating in a signature campaign.

But here's a harsh truth where ICOs and IEOs are lying to us for most of the time.

How can we say if the airdrop or bounty reward is exactly $50 where it can even get dumped in exchanges?

There is no guarantee that the airdrop and bounty tokens we receive are "fixed amounts" (unless if it's a stablecoin or popular one like BTC, ETH, XRP, etc.)

So here is my advice to all ICOs and IEOs when you are doing airdrop and bounty program to participants.

Don't say "$50 worth of tokens". But rather say "$50 worth of tokens in ICO/IEO price", so that people like me may be aware that the reward we get is not what we expect. There is 99.99% chance that the reward we get are going down to shit, and only 0.01% chance that it would actually go to the moon!

So to all ICOs and IEOs please, just stop lying to us about this!

I know most of you here can relate to this situation after so many months/years of participating in airdrops and bounty opportunities.

Does any of the airdroppers and bounty hunters agree or not with my statement? Feel free to comment here!


You are trying to convince people that the saint truth is better then promising lies in their advertisement programs, right? I would suppose they won't listen to your ideas Smiley
sr. member
Activity: 756
Merit: 257
Freshdice.com
One thing that I really do not like about ICOs, IEOs, etc., is that they are misleading us for a very long time when it comes to the token price.

For example, there's one airdrop event in which you will receive an amount of tokens worth $10, $20, etc., and bounty rewards which you can get $50 worth of tokens for participating in a signature campaign.

But here's a harsh truth where ICOs and IEOs are lying to us for most of the time.

How can we say if the airdrop or bounty reward is exactly $50 where it can even get dumped in exchanges?

There is no guarantee that the airdrop and bounty tokens we receive are "fixed amounts" (unless if it's a stablecoin or popular one like BTC, ETH, XRP, etc.)

So here is my advice to all ICOs and IEOs when you are doing airdrop and bounty program to participants.

Don't say "$50 worth of tokens". But rather say "$50 worth of tokens in ICO/IEO price", so that people like me may be aware that the reward we get is not what we expect. There is 99.99% chance that the reward we get are going down to shit, and only 0.01% chance that it would actually go to the moon!

So to all ICOs and IEOs please, just stop lying to us about this!

I know most of you here can relate to this situation after so many months/years of participating in airdrops and bounty opportunities.

Does any of the airdroppers and bounty hunters agree or not with my statement? Feel free to comment here!





Any project with unrealistic promises will lead to expectations of many investors that is seldom met after the launching of the project. It will be difficult to determine which project would really meet their initial claims nor which will survive in the long run. The values of the cryptos can also go up or down and even though the project did meet the goals, the market could treat it differently.
hero member
Activity: 2114
Merit: 740
Leading Crypto Sports Betting & Casino Platform
Yeah , that is what they are doing to gain people support . It is eventually part of their plan and marketing strategy. People will grab that opportunity especially we all know that most of the bounty is scam, they will hope that the bounty they are aiming is true but the thing is, they are not or else , they will cut some allocations when the bounty is soon to end.
Various ways will be done to smooth out their mission, fraud in crypto is very difficult to prevent, even now fraud cases continue to occur.  We as bounty hunters are always victims, after we promote their projects, there are always new rules they make, from KYC verification to allocation cuts.
legendary
Activity: 3248
Merit: 1160
Playbet.io - Crypto Casino and Sportsbook
They gave tokens that is valued in dollars, if it will dump of course the price will be affected.

you are just participating airdrop at a wrong timing, if that happen in 2017, that would be an easy money.
Even the bounty that time are so profitable which we rarely see it now.

2018 and 2019 or safe to say full 2019 is not good for bounty and airdop because first quarter of 2018, there's still a lot of good bounties and airdrop.
hero member
Activity: 938
Merit: 500
It was always clear to me that for companies this is just marketing and advertising but it is also obvious that companies cannot say the exact price and you yourself must understand that all the numbers that they state may fluctuate depending on market conditions. In this case, I have nothing to show ico or ieo.
sr. member
Activity: 1372
Merit: 252
I think those projects are right, and there is no lie here. Their projects are not listed in any exchange so the default price will be IEO or ICO price. They have no idea that their tokens will collapse after being listed, it all depends on the reaction of the market and traders to that project. So you need to be psychologically prepared that the actual value you receive will be much lower than the initial price offered.

Sometimes, we have to understand those project too, for me it is fine for as long as they are doing their job and that is to develop their project, but if they will tell to bounty hunters that they need to invest first or do the KYC then I would refuse too, that's a scammers way, or meaning they failed in fund raising so it might also failed in giving rewards.
but unfortunately sometimes we are still fooled by projects like that, our research management must be wrong from the start. but if indeed we are already trapped in a fraudulent project, then I think don't regret it because I believe there will be genuine and fake projects in this pile, and we have to look for it
Often we are still trapped or fooled by projects like that, even though we have done research like what we do on other projects but sometimes we each can be fooled because for me scammers always have tricks to be able to fool many people and benefit from these people . So for me it's better for us to be careful in every decision and not in a hurry.
hero member
Activity: 1372
Merit: 564
That is a marketing strategy, they will do everything they can to attract interested people to join the project that they are running. When the ICO or IEO is in progress, they set the price of the token at a very promising price, but the fact when tokens start being distributed, in fact there is no price at all. Although it can still be sold, the price is very much different when ICO or IEO is still ongoing.
Yeah , that is what they are doing to gain people support . It is eventually part of their plan and marketing strategy. People will grab that opportunity especially we all know that most of the bounty is scam, they will hope that the bounty they are aiming is true but the thing is, they are not or else , they will cut some allocations when the bounty is soon to end.
hero member
Activity: 2114
Merit: 740
Leading Crypto Sports Betting & Casino Platform
That is a marketing strategy, they will do everything they can to attract interested people to join the project that they are running. When the ICO or IEO is in progress, they set the price of the token at a very promising price, but the fact when tokens start being distributed, in fact there is no price at all. Although it can still be sold, the price is very much different when ICO or IEO is still ongoing.
sr. member
Activity: 692
Merit: 254
terra-credit.com
You are absolutely right, mate. Many bounties are cheating with the airdrop/bounty participants. Even I can show you a very recent project that cheated with bounty hunters through this way and that project is BBOD, lol. They said 65 USD worth BBOD token for every week for a full member signature participant and that 65 USD is not even 5 USD now, shame on BBOD project. I have faced some other projects that offered USD pegged token like Temtum, Bitwings, Taklimakan, recent Buyanylight and so on. Only Temtum kept their promises! Taklimakan played a shitty game with the hunters because Taklimakan token price was shit before the distribution, and then one day before of distribution the team pumped the price manually so the hunters got a lower amount of token in USD value and what happened later? the day after distribution, Taklimakan price decreased by 78%, lmao. Bitwings will be the same I think. Though I have a little faith in BuyanyLight project but who knows!
sr. member
Activity: 1002
Merit: 250
Don't say "$50 worth of tokens". But rather say "$50 worth of tokens in ICO/IEO price", so that people like me may be aware that the reward we get is not what we expect. There is 99.99% chance that the reward we get are going down to shit, and only 0.01% chance that it would actually go to the moon!
We know this. They do not lie to us, they only give us delusional information about their ICO. If they said "pay $ X per account", would anyone want to join? This is marketing  Grin
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