Most secured way to avoid scam ICO bounty - page 2.

Thanasis

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Quote from: AlaEhBTC on September 17, 2018, 06:36:20 AM

Hi guys, most people are saying that you need to read the whitepaper to see if the ICO is good or not but some of them even with a nice plan on their whitepaper do not succeed. All of us has their own technique to determine a good ICO bounty and I am sharing mine, feel free to share yours too.

1. Choose an ICO with a lot of activity - You can see it on their facebook page or twitter. Look if the company joins a lot of conference and things that can promote their coin.

2. Choose an ICO with an admin that responds quickly - We all have some specific questions and corrections that
needs to be made and an admin that responds quickly for every question is a plus.

3. Look for the one that reached their soft cap - If an ICO reached its soft cap then its a high chance that it will be successful.

These are the basic things that I am looking when joining a bounty to avoid scam. If you have other ways then feel free to share.

There is no other way than serious research about that project you are going to invest and most of the scam ICOs can be exposed by our research by means of fake profiles or fake credits which was not actually made by that project and plagiarized content on the whitepaper and even their website design can tell us about their legitimacy.And your points are now exhausted the scammers are getting smarter so you need to improve yourself from differentiating the scammers.

hermankoles

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I agree that one of the soft cap indicators is important to know the interest of investors and the public towards the ICO, but I will try to find out more about what exchanges they will enter later? because no matter how good the ICO is and the sale of tokens if they fail to enter the exchange, they will dissolve and have no value

vlast01

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There are already threads that may help you pertaining on this topic please check the link provided for more useful and releable tips to avoid scam on bounty campaigns
https://bitcointalksearch.org/topic/m.45605588
https://bitcointalksearch.org/topic/so-much-scam-bounty-4622738
https://bitcointalksearch.org/topic/how-can-i-choose-a-best-bounty-4440165

Oilacris

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Quote from: jvdp on September 25, 2018, 02:44:37 PM

Quote from: TheLoser on September 22, 2018, 05:33:38 PM

All items listed by the author of the topic are certainly important, but they do not give a 100% guarantee of protection from the scam. Even with an honest team, the project can not raise money for ICO .

Bounty managers are not responsible for the payment actually. If you want to participate in any signature campaign or any form of bounty you will be able to go and check the project with the given link. So verify it before you get into the project as a participant.

Then bounty managers keep the disclaimer the under thread like they are not responsible the payment and all.

Most of the time when we do talk about bounty payments then tokens are being held by the team itself not to its bounty managers. Some people do think of having this way where they do believe that manager is involved with payments which is actually wrong.They blame directly without even knowing on how things work. As a participant you should really obliged yourself to check out things so that you would really have that bigger chances on getting profits or income on legit projects.

jvdp

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Quote from: TheLoser on September 22, 2018, 05:33:38 PM

All items listed by the author of the topic are certainly important, but they do not give a 100% guarantee of protection from the scam. Even with an honest team, the project can not raise money for ICO .

Bounty managers are not responsible for the payment actually. If you want to participate in any signature campaign or any form of bounty you will be able to go and check the project with the given link. So verify it before you get into the project as a participant.

Then bounty managers keep the disclaimer the under thread like they are not responsible the payment and all.

chocolah29

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Quote from: AlaEhBTC on September 17, 2018, 06:36:20 AM

1. Choose an ICO with a lot of activity - You can see it on their facebook page or twitter. Look if the company joins a lot of conference and things that can promote their coin.

I can't say it can be a good point because there's some that doing these and those but ends up a scam because money has already blinded them.

Quote from: AlaEhBTC on September 17, 2018, 06:36:20 AM

2. Choose an ICO with an admin that responds quickly - We all have some specific questions and corrections that
needs to be made and an admin that responds quickly for every question is a plus.

What if they have this plan already? "Ok, let's make our project looks like a legit one so be very patiently in answering their questions, don't make them suspicious." How was that?

Quote from: AlaEhBTC on September 17, 2018, 06:36:20 AM

3. Look for the one that reached their soft cap - If an ICO reached its soft cap then its a high chance that it will be successful.

It's true and upon reaching their softcap they'll be entirely keep going. However, did you heard about envion? They raised almost $100M and guess what they disappear in the wind. Such a total crap.

We can conclude that no matter what the metrics, if people really have motives to scam then they will, even at all costs.

jebul2

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but I prefer your number one and two because I often use it in searching for bounties and ICOs, but sometimes there are successes and some fail with insufficient softcap, but your posts are really good and good for beginners like me.

TheLoser

member

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Merit: 10

All items listed by the author of the topic are certainly important, but they do not give a 100% guarantee of protection from the scam. Even with an honest team, the project can not raise money for ICO .

tdeannova

full member

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Merit: 102

find good bounty just as investors look for promising ico. very difficult to do, because all the criteria that you say can be made or manipulated by the developer and all do not guarantee that all will pay or succeed. I only suggest that if you have been paid bounty, then immediately switch the token to btc, because we don't know what will happen later.

sergiorus

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sounds like coping
do you remember Centra? I lost lots of money because of its scam, but they had very active team, they respond every message quickly and they even were promoted by some famous people

Zadicar

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Quote from: deeofficialx on September 17, 2018, 07:08:31 AM

Quote

Choose an ICO with a lot of activity.

Well, I actually use this one too. I don't want to follow a project that post nothing and nothing while the project itself is running.

Please provide more information and tips.

Having lots of activity is really good and really appealing on the eyes but I have some experience with these kind of projects too which they do end up on being a scam so it wont really be still a guarantee to be safe.
For op's question those advices or keypoints are good to be done but it isn't really he most secured way and those things aren't too simple to be done by an investor or even bounty hunters.
You wont even know that even inactive ICO can succeed and active ones would failed down.

St4yInTh3D4rk

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Quote from: AlaEhBTC on September 17, 2018, 06:36:20 AM

Hi guys, most people are saying that you need to read the whitepaper to see if the ICO is good or not but some of them even with a nice plan on their whitepaper do not succeed. All of us has their own technique to determine a good ICO bounty and I am sharing mine, feel free to share yours too.

1. Choose an ICO with a lot of activity - You can see it on their facebook page or twitter. Look if the company joins a lot of conference and things that can promote their coin.

2. Choose an ICO with an admin that responds quickly - We all have some specific questions and corrections that
needs to be made and an admin that responds quickly for every question is a plus.

3. Look for the one that reached their soft cap - If an ICO reached its soft cap then its a high chance that it will be successful.

These are the basic things that I am looking when joining a bounty to avoid scam. If you have other ways then feel free to share.

Those points you were mentioned will not help you to find the scam and legit bounties even if the admins were very responsive most of the time it went scam so it also not good point to find the legitimacy when it comes to the activities of their social media account it also their strategy to attract more investors and take all their money if it was scam and finally the soft cap reached project maybe get successful but even the projects which reached millions in a day went scam in the history.

terrific

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Communication is entirely important for an ICO.
But it doesn't mean that just because they are responsive, they are legit.
There are some ICO scams that are also responsive but they reply quick to make them look legit.

tuongc944

newbie

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The way to avoid scam ICO bounty for me is to look for a good team. They will try to make successful project.

deeofficialx

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Quote

Choose an ICO with a lot of activity.

Well, I actually use this one too. I don't want to follow a project that post nothing and nothing while the project itself is running.

Please provide more information and tips.

AlaEhBTC

jr. member

Activity: 308

Merit: 3

Hi guys, most people are saying that you need to read the whitepaper to see if the ICO is good or not but some of them even with a nice plan on their whitepaper do not succeed. All of us has their own technique to determine a good ICO bounty and I am sharing mine, feel free to share yours too.

1. Choose an ICO with a lot of activity - You can see it on their facebook page or twitter. Look if the company joins a lot of conference and things that can promote their coin.

2. Choose an ICO with an admin that responds quickly - We all have some specific questions and corrections that
needs to be made and an admin that responds quickly for every question is a plus.

3. Look for the one that reached their soft cap - If an ICO reached its soft cap then its a high chance that it will be successful.

These are the basic things that I am looking when joining a bounty to avoid scam. If you have other ways then feel free to share.

Topic: Most secured way to avoid scam ICO bounty - page 2. (Read 464 times)