It is very simple! Don't take part in bounties that don't pay in Bitcoin, Ethereum or another listed coin. In some way the bounty hunters allow the scams to happen. You are satisfied getting paid in a currency that is not listed anywhere and likely never will be.
If more and more bounty hunters refused to take part in non-BTC/ETH paying campaigns those few campaigns that are legit would have no other option but to change their approach and start giving out a legit currency instead of their native one. The bounty industry would in that case either die out completely or you would only have a handful of legit bounties every year that will pay up. Combine that with requesting that the bounties escrow their funds and you have yourself a good deal.
But none of that will ever happen because the majority of bounty participants don't respect themselves and even less the industry. Nothing will change and more scams will happen.
Topic: Let's stand against Bounty Scammer. - page 2. (Read 958 times)
Very informative thread! Which is the most trustworthy platform for bounty hunters?
This thread is not about the bounty platform, but about the bounty campaigns that is being launched in this forum. More precisely, about the fact that very often participants in these campaigns are scammed by developers.
More about bounty campaigns you can find here: https://bitcointalk.org/index.php?board=238.0
Very informative thread! Which is the most trustworthy platform for bounty hunters?
I've been telling people not to participate in bounty campaigns that don't have collateral and can't prove the value of their tokens but it's like talking to a wall. There are people out there who have no money at all and they will work for as little as a promise of some imaginary payment. They don't know how much they'll get and when that will happen but it's still better than nothing. Nobody is as easily exploited as the poor guy and most crypto startups take advantage of this. They offer a giveaway that's literally worth a dollar and watch people from Africa and Asia register accounts and promote their platform with referral links.
Unfortunately, there is practically no bounty campaign with collateral. In the case of the ICO market, this is how bounty looks like. When the market was in good condition, almost all projects were successful. Now that there is a lack of new capital it is much more difficult. Bounty hunters have to decide for themselves whether to wait for better times or to analyze projects well and choose only those that have a good chance of success. I don't think that ICE, IEO, STO bounty campaigns will be ever been secured because this is why they are looking for fundraising, because the developers have no funds.
I've been telling people not to participate in bounty campaigns that don't have collateral and can't prove the value of their tokens but it's like talking to a wall. There are people out there who have no money at all and they will work for as little as a promise of some imaginary payment. They don't know how much they'll get and when that will happen but it's still better than nothing. Nobody is as easily exploited as the poor guy and most crypto startups take advantage of this. They offer a giveaway that's literally worth a dollar and watch people from Africa and Asia register accounts and promote their platform with referral links.
The project failed and that was a scam for the bounty hunter? I don't think this is true! The project developers tried to develop it, but the project failed and they couldn't send hunters bonus tokens of no value! Besides, successful projects, listed on trading platforms, did not reward hunters, which is a scam.
There is certain project that distributes their tokens, even though their sales was failed to collect necessary funds to develop their project. I remember that I joined some of those projects in my early years here in the forum. If you check my ETH address here: https://ethplorer.io/address/0xc2c384240366b209c75ef9b730fe136ce1789f6f
you will see that I'm not making stories. the name of the tokens are:
Greenworld Farm Token
RenCap
TimeBox Coin
DEEP AERO
and more.
Those are the projects that didn't even reach their soft cap.
If project didn't reach softcap it doesn't scam. It means that project failed and even he paid bounty rewards the tokens are worthless, so it doesn't matter. We are talking about projects that reached softcap, are developed, but they don't want pay rewards for no reason.
Especially now that people's trust on ICO has dropped, so they will be difficult to reached softcap, and I think ico is dead, and replaced by IEO because they are team up with big exchanges.
The project failed and that was a scam for the bounty hunter? I don't think this is true! The project developers tried to develop it, but the project failed and they couldn't send hunters bonus tokens of no value! Besides, successful projects, listed on trading platforms, did not reward hunters, which is a scam.
There is certain project that distributes their tokens, even though their sales was failed to collect necessary funds to develop their project. I remember that I joined some of those projects in my early years here in the forum. If you check my ETH address here: https://ethplorer.io/address/0xc2c384240366b209c75ef9b730fe136ce1789f6f
you will see that I'm not making stories. the name of the tokens are:
Greenworld Farm Token
RenCap
TimeBox Coin
DEEP AERO
and more.
Those are the projects that didn't even reach their soft cap.
If project didn't reach softcap it doesn't scam. It means that project failed and even he paid bounty rewards the tokens are worthless, so it doesn't matter. We are talking about projects that reached softcap, are developed, but they don't want pay rewards for no reason.
The project failed and that was a scam for the bounty hunter? I don't think this is true! The project developers tried to develop it, but the project failed and they couldn't send hunters bonus tokens of no value! Besides, successful projects, listed on trading platforms, did not reward hunters, which is a scam.
There is certain project that distributes their tokens, even though their sales was failed to collect necessary funds to develop their project. I remember that I joined some of those projects in my early years here in the forum. If you check my ETH address here: https://ethplorer.io/address/0xc2c384240366b209c75ef9b730fe136ce1789f6f
you will see that I'm not making stories. the name of the tokens are:
Greenworld Farm Token
RenCap
TimeBox Coin
DEEP AERO
and more.
Those are the projects that didn't even reach their soft cap.
If project didn't reach softcap it doesn't scam. It means that project failed and even he paid bounty rewards the tokens are worthless, so it doesn't matter. We are talking about projects that reached softcap, are developed, but they don't want pay rewards for no reason.
The project failed and that was a scam for the bounty hunter? I don't think this is true! The project developers tried to develop it, but the project failed and they couldn't send hunters bonus tokens of no value! Besides, successful projects, listed on trading platforms, did not reward hunters, which is a scam.
There is certain project that distributes their tokens, even though their sales was failed to collect necessary funds to develop their project. I remember that I joined some of those projects in my early years here in the forum. If you check my ETH address here: https://ethplorer.io/address/0xc2c384240366b209c75ef9b730fe136ce1789f6f
you will see that I'm not making stories. the name of the tokens are:
Greenworld Farm Token
RenCap
TimeBox Coin
DEEP AERO
and more.
Those are the projects that didn't even reach their soft cap.
The project failed and that was a scam for the bounty hunter? I don't think this is true! The project developers tried to develop it, but the project failed and they couldn't send hunters bonus tokens of no value! Besides, successful projects, listed on trading platforms, did not reward hunters, which is a scam.
I hope bounty managers can somehow feel responsible too when launching a bounty campaign. Yes I know they are only paid to handle a campaign but what if the team decides not to pay or delay it or for whatever reason they have? I've done so many campaign but not typically on signature campaign but other such as blog and I can rate myself as a good hunter for these ICO projects cause I monetize most of them but some projects are like what the OP mentioned.
Maybe it's time to fight back, dubbed as Bounty Scammer, dont handle projects that you, yourself not sure of the legality of the one you've accepted caused it can give you shamed as a manager who also must do research and due diligence about it. Dont be a money grab, and fool by the payment they are offering in exchange for reputation.
Maybe it's time to fight back, dubbed as Bounty Scammer, dont handle projects that you, yourself not sure of the legality of the one you've accepted caused it can give you shamed as a manager who also must do research and due diligence about it. Dont be a money grab, and fool by the payment they are offering in exchange for reputation.
Unless bounty managers stand, it's not possible. I think each campaign manager must have cooperation and prevent such project to launch bounty here.
By "stand" I suggest you mean work hand in glove to make sure they work for only bounties that keep the bounty payments with an escrow before the bounty begins. This is a brilliant idea, but there are some bountie(esp Btc bounties)that do not have any fixed beginning or ending, the company just starts the bounty and watches it's growth, I doubt if they will be able to escrow the payment, they would, I think give the bounty manager the rewards for every week just before it starts. The campaigns that would need this the most are ico bounties, they are always having issues with rewards at the end of the campaign, this idea would be effective there, but most of those campaigns never choose reputable managers, thats why it may never work.
legendary
Activity: 2156
Merit: 2100
Marketing Campaign Manager |Telegram ID- @LT_Mouse
You're quite right, if the bounty manager holds/escrows the bounty pool and is also tasked to distribute it by the end of the campaign, then the assurance for all bounty hunters to get their rewards is high. Unless of course the bounty manager himself scams them and runs away with the bounty pool. Another way to avoid this is to have a separate official escrow for the bounty pool. There are some escrows in this forum that would agree to hold tokens from the bounty pool and even distributes it as well when the campaign ends.
The problem is, some bounty hunters don't really care about having an escrow or even with the legitimacy of the project itself. As long as they see lucrative rewards, most would jump in and join without any hesitation. What they really need to do is do their own research and inform the bounty manager if ever the project has the possibility of turning into a scam so it can be stopped immediately. Cooperation with the Bounty manager and the bounty hunters is crucial to lessen these scam projects.
It's not possible to restrict the bounty hunters to participate any bounty campaign. Some may don't participate while some will never think what's going on. There was a translation job from cryptoji for several language, only I got the payment because I choose to escrow the payment while other didn't.The problem is, some bounty hunters don't really care about having an escrow or even with the legitimacy of the project itself. As long as they see lucrative rewards, most would jump in and join without any hesitation. What they really need to do is do their own research and inform the bounty manager if ever the project has the possibility of turning into a scam so it can be stopped immediately. Cooperation with the Bounty manager and the bounty hunters is crucial to lessen these scam projects.
Same way, some people never do their homework.
Unless bounty managers stand, it's not possible. I think each campaign manager must have cooperation and prevent such project to launch bounty here.
This is exactly what happened with the STIPS project. After completing the bounty campaign and counting the stakes, the CEO said he was not satisfied with the results and would simply not pay the rewards.
Bounty manager deleted bounty thread opening posts and disappear:
https://bitcointalksearch.org/topic/bountyico-stips-fintech-decentralized-crypto-finance-ecosystem-new-5050582
ANN thread: https://bitcointalksearch.org/topic/annico-stipsfintech-boost-your-cryptoinvestment-5032617
Statement of CEO:
The point is that what he wrote is not true, because the bounty campaign began with pre-ICO and during the token sale and bounty, the whitepaper and roadmap were changed (you can check dates in OP in ANN thread). The pre-ICO period was extended and the bounty campaign ended before the start of main ICO, so it doesn't matter what happened later with main ICO, because the work has been done in accordance with the campaign rules and deadlines. The project is developing and the CEO does not want to pay out rewards. For me it is classic SCAM.
Bounty manager deleted bounty thread opening posts and disappear:
https://bitcointalksearch.org/topic/bountyico-stips-fintech-decentralized-crypto-finance-ecosystem-new-5050582
ANN thread: https://bitcointalksearch.org/topic/annico-stipsfintech-boost-your-cryptoinvestment-5032617
Statement of CEO:
The point is that what he wrote is not true, because the bounty campaign began with pre-ICO and during the token sale and bounty, the whitepaper and roadmap were changed (you can check dates in OP in ANN thread). The pre-ICO period was extended and the bounty campaign ended before the start of main ICO, so it doesn't matter what happened later with main ICO, because the work has been done in accordance with the campaign rules and deadlines. The project is developing and the CEO does not want to pay out rewards. For me it is classic SCAM.
Although you are right that bounty hunters are responsible, one another point, I would say it's the campaign manager who can stand against the bounty scammer. I had some chat with Yahoo and he was referring to hold the bounty rewards all the time so that participants don't get scammed. If bounty manager wants, they can avoid such issue.
You're quite right, if the bounty manager holds/escrows the bounty pool and is also tasked to distribute it by the end of the campaign, then the assurance for all bounty hunters to get their rewards is high. Unless of course the bounty manager himself scams them and runs away with the bounty pool. Another way to avoid this is to have a separate official escrow for the bounty pool. There are some escrows in this forum that would agree to hold tokens from the bounty pool and even distributes it as well when the campaign ends.The problem is, some bounty hunters don't really care about having an escrow or even with the legitimacy of the project itself. As long as they see lucrative rewards, most would jump in and join without any hesitation. What they really need to do is do their own research and inform the bounty manager if ever the project has the possibility of turning into a scam so it can be stopped immediately. Cooperation with the Bounty manager and the bounty hunters is crucial to lessen these scam projects.
Although you are right that bounty hunters are responsible, one another point, I would say it's the campaign manager who can stand against the bounty scammer. I had some chat with Yahoo and he was referring to hold the bounty rewards all the time so that participants don't get scammed. If bounty manager wants, they can avoid such issue.
If a project don't pay anything without the token to the campaign managers, these are likely to be scammed, while projects which spends a lot of money are likely to be solid.
If a project don't pay anything without the token to the campaign managers, these are likely to be scammed, while projects which spends a lot of money are likely to be solid.
Yeah, that's true. Some new campaign managers doesn't know how to do this because they are only have their own payment.
It's better to join bounties managed by reputable manager like Yahoo, Hamphuz and the rest.
We cannot avoid it unless people will learn and as you know that there is a lot of bounty hunter. And even we stand against it then some will take the bait and it will be useless.
Maybe we can just create a thread and rate the ICO if they really paying and legit then they can know if its just making money and probably do exit-scam.
Maybe we can just create a thread and rate the ICO if they really paying and legit then they can know if its just making money and probably do exit-scam.
legendary
Activity: 2156
Merit: 2100
Marketing Campaign Manager |Telegram ID- @LT_Mouse
Although you are right that bounty hunters are responsible, one another point, I would say it's the campaign manager who can stand against the bounty scammer. I had some chat with Yahoo and he was referring to hold the bounty rewards all the time so that participants don't get scammed. If bounty manager wants, they can avoid such issue.
If a project don't pay anything without the token to the campaign managers, these are likely to be scammed, while projects which spends a lot of money are likely to be solid.
If a project don't pay anything without the token to the campaign managers, these are likely to be scammed, while projects which spends a lot of money are likely to be solid.
Worked for months but got nothing , I hope there will be no scam bounty in the future Because it's just a waste of time and harm others .
Many investors are harmed in their scam project, let's hope that the scammer will be destroyed on this earth !
Many investors are harmed in their scam project, let's hope that the scammer will be destroyed on this earth !
Do away from participating in ICO/IEO bounties, their success rate is getting low everytime. Some might even get successful but they will implement a lock period or slash the bounty allocation. It's better to rank up and participate in BTC campaigns.
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