Topic: ICO/IEO projects are lying to airdrop and bounty participants for a long time! - page 5. (Read 1068 times)

thats why you should not participated in airdrop/bounty that you know that there are no capital to starr up and use for marketing. If they cant use thier money for the project who else will be invested and choose them to thier money?

Many new projects only repeat ideas and have no real use case. And I think today many people are choosing to invest in projects that have real use cases and if we are often tired of new projects or feel that this new project is a waste of time, it is better to invest in top coins and trade than bounty hunting.

Thats right. Most projects are cheating airdrop hunters and bounty hunters. Its pathetic situation. If the team is having such views, thats already visible in their investments raised. May be thats karma..

Exactly, decisions should be made as an investor and not the other way round. Many fall victim of scam, while others are been left with dead tokens or shitcoins because they allow the marketers or the projects team schooled them to obey their deceits which end up negatively as they invest. Am always prone to scrutiny and ask questions when dem fits, just to avoid loose while I invest on cryptocurrencies.

While I feel sad for them as well at the same time bounty hunters are themselves guilty of their conditions, if they began to refuse to work for all of those projects that treat them so badly and that pays them in coins that have no value yet and they even force them to go through KYC then all of those projects will have to change the way they treat bounty hunters almost overnight because they need them in order to promote their projects, but since that is probably never going to happen then they have to endure being treated like trash.

That is the fact, it might not be a problem during the 2017 season where most projects can reach ICO prices easily even more. However, it seems to be a mode of fraud at this time, where the market is saturated so that prices are difficult to go up. But that is the language of marketing, it is like a public secret and general rules where the value will be achieved if the ICO price is met. So yes we have to realize that, and for newbies of course this will be an important lesson so as not to be easily influenced by the lure of high rewards, it all depends on market acceptance, high volatility, so must be ready to face a variety of possibilities.

cheezcarls, I strongly agree with you on your points and I think this is what every participant should have known, irrespective of the time that had been spent in the crypto space or how great the experience is.
We have actually seen a lot of things that happened during the era of ICO boom,  being replicated even now that IEO is trending, just that it is also dwindling.

Now many ICO and airdrops collect personal data bounty hunters. They do this so that after listing on the stock exchange, the organizers could take advantage of it. Coins will fall in price but the organizers will have a large number of them which they will immediately sell. As a result, the price of the coin will fall further and all investors will find themselves with nothing. Today, this practice is very common.

I think that's what they meant when they are saying "50$ worth of [insert token name]" in the first place because where would they even based their prices from if it's not from their own offered ICO price? I know it's really disappointing for some but this is how it works most projects here who doesn't have a lot of future will bump their offered price since this is what most devs think is the highest it will go at the same time be attractive for potential investors. So really even if you are just participating for the ICO even for it's bounty you should practice "Caveat Emptor" just like what other investors do by doing background checks for the project itself and not just joing multiple bounties as you can because you will just be wasting your time.

Why many IEO and ICO running with long time because they can't reach selling target for their coin and keep delay for listing and continue for selling on the next phase, when their schedule selling during for one month but their coin not sold out they will continue for several week later after their coin sold, different with airdrop coin receive by free and have exchange market listing although with lower price.

Yup. You should be aware of it. That's why they're already launching these airdrops pre-ICO stages commonly, so that they can reason out that it is an ICO price not an exchange price.
They're still about to realize its true price after the project ends. What's worse is KYC policies that some require. It's almost or truly like you're gonna sell your sensitive information just for a dump/shit coin.

Well i kinda agree to that since some airdrop campaigns scams people for huge rewards and many people fall for it the issue was that don't put the amount how much it will be exchange since we don't know how much per coin if that hits exchanges

Therefore, we should not be easily fooled by ICO or IEO. I often see airdrops that they spend with $ 50 emissions, and in my opinion there is no price at all, fortunately, if sold for $ 5, it's also the same as a gift like that.
So we shouldn't trust airdrops too much with the conclusion of a big emitation of rewards

Are we still trusting these ICO and IEO projects and if you take a study on the number of projects that started in the past three years, you cannot find many successful projects and many airdrops were started to collect data and it is a known truth that all these data are for sale in different sites that sells these data and many airdrops even introduced KYC and i am sure many provided those too, do not trust these airdrops and rather invest in top coins and if people are avoiding these scammers then we will have a drop in these scam activities in the market.

I am neutral not supporting anyone, but I think it's only natural that those project owners only pay using their tokens with the estimated value of their ICO or IEO price, not at the price when listed on the exchange, so if they are already listed on the exchange and traded, of course the price can go down from the price of ICO and IEO, I also don't blame bounty hunters to throw it cheaply it could be done by the project team too, in marketing techniques they usually put hundreds of thousands of dollars on bounty threads to invite many people to support the project, I hope you understand

that can still be considered as a lie to the bounty participants. Im fine if that will be having a fiat pair and that makes the value is a little bit better. For me, it's better for the ico and ieo teams to put the price after the token already traded on the exchange site.
that just need a small correction about the statement. The developer will still take the ico price as its base price to determine how much will be received by the bounty hunters.
I thought if that will be really fair for the team and the participants to take the price after it has already traded as the base price.

You probably do not understand anywhere.Here the world is ruled by cryptocurrency.In fact, no one knows how much the coins will cost after the IEO or ICO.Projects that hold IEO on the Binance exchange are traded after IEO at least at the price of x2.And no one is outraged. Everyone knows that volatility has not gone anywhere.

I know how you feel, And it's really hard to accept because ICOs / IEOs are still fooling us on their airdrop campaigns. And no matter what we do we can't change their decisions here because this is how they attract more investors. 

And this is the worst they can tell us when we say 50 $ in their airdrop that we actually receive less than 1 dollar only.

Some airdrop and bounty programs indicate the price of the bounty pool and aidrop value based on the ICO price and not the market price. It is somehow misleading because it is not clearly indicated in bounty boards or airdrop announcement.

I appreciate what you guys have reacted so far. Some of you have agreed with me, but others are not, but it’s okay.

This is clearly something that I want to get out of my chest for a long while.

I know this is a marketing tactic made by ICOs and IEOs, but I call it as “false or misleading marketing tactic” where they made us all believe that these tokens received after completing tasks are worth $10, $20, $50, $100, $500, $1,000 or so.

However, it’s not for 99.99% of the time!

As investors, we are aware that the tokens we bought may go up or down in value. They do disclose to their investors that this is just ICO or IEO price and the exchanging depends on the market itself.

But as airdroppers and bounty hunters, we are being mislead (especially those who are new who wants to make extra free money in crypto) by them, making us believe that we will get that exact fixed amount in dollars or in our native currency. But in the end, most of the time, our tokens got dumped really hard.

This is the sad reality people. They just need to stop lying to us. We are being maltreated, downgraded or underestimated by these projects because they do not really recognize our time and effort in promoting.

So most of the time, we are working for “free”, as our tokens got dumped after trading is live in any exchange (except for a handful of good projects out there).