My take on DeFi bounties - page 3. | Bitcointalksearch.org

Ryushin

member

Activity: 322

Merit: 10

Quote from: luckyflop on October 16, 2020, 05:09:02 AM

Unfortunately, that's true, even some good bounty managers have been doing it and some got negative feedback for it , I remember Blockeye was a good bounty manager until he/she got scammed by one of this bounties and got negative feedback now I'm carrying a signature running by Hhampuz, hope it doesn't turn scam at the end!

That sounds scary, I'm currently promoting JACS from Hhampuz and to say the truth the project isn't as good as other few projects I promoted this year but Hhampuz as the bounty manager gives me the confidence, I do hope it worth the effort.

DeFi projects are presently getting out of hand, very soon it will end up just like ICO projects, con artists are taking every bit of advantages they can to lure and deceive investors.

luckyflop

hero member

Activity: 812

Merit: 512

Unfortunately, that's true, even some good bounty managers have been doing it and some got negative feedback for it , I remember Blockeye was a good bounty manager until he/she got scammed by one of this bounties and got negative feedback now I'm carrying a signature running by Hhampuz, hope it doesn't turn scam at the end!

puremage111

hero member

Activity: 1568

Merit: 511

1. Why are almost all bounties released today DeFi projects?
Cause most of these scam/non-genuine project just wanted to drain money and run
Since DEFI is on fire, most people "gamble" on it

2. Most of these projects have no information about team
It allows easy rug pull and save their life

3. Majority of them are rushed, you can judge merely looking at website domain and designs
Thus, always keep track to see if the project is really genuine on building instead of just a protocol that is ready to exit

4. There are some that based on Uniswap wannabes
Definitely, Uniswap charges a 0.3% fee, anyone who actually make a good UI, lower fees can actually compete
But WHO can do so, we will see in the long run

trauchot

member

Activity: 1764

Merit: 10

Quite right, now scammers create a lot of cryptocurrency companies that are associated with defi sphere and they need to somehow promote their scam projects and therefore they come on this forum and create bounty companies and when you look at their projects, there is simply nothing there and you immediately realize that these companies are scams, so you must always be very careful.

Simakura

jr. member

Activity: 56

Merit: 1

Due to the recent popularity, many individuals who take advantage of making defi-based projects but without clarity, many of them commit fraud,And many bounties cannot be sold. They only make bounties to enlarge the community.

Mealea

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Activity: 300

Merit: 11

FRX: Ferocious Alpha

I quite agree with you based on the 99% you mentioned but I guess we still have that 1% that is not a scam, I knew of a Defi project that conducted a bounty campaign and paid the reward just a day after the end of the campaign, the team of the project is still working hard to bring more development to the project. Many Defi projects appeared to be a scam but we still have some that are real.

Marina5

jr. member

Activity: 439

Merit: 3

Lately, I have also noticed that these projects are being developed on a Uniswap basis. Yes, it is true that their team is basically as active but their identity remains hidden.

SamboNZ

sr. member

Activity: 1064

Merit: 253

Quote from: ?? on ??

Quote from: CashbackLover on September 30, 2020, 02:34:38 AM

Almost 99 percent of DeFi projects in bounty section are scam, you can say I have no prove but this is just my normal thought.

1. Why are almost all bounties released today DeFi projects?
2. Most of these projects have no information about team
( They are complete anonymous)
3. Majority of them are rushed, you can judge merely looking at website domain and designs
4. There are some that based on Uniswap wannabes

You can't compare these projects with real DeFi projects like introduced bounties like Oikos, Lattice, DIA, and few others, my advice is to be extremely picky after doing research

A variety of ways to convince people to scammers. I'm amazed that they never get bored to keep on cheating everyone. When this will end ?

why would they get bored? I participated in LARP and they were able to gather 400 ETH by using a free eth contract coder. Lots of degen in this space that are always willing to risk their hard earned money for a quick flip.

Byakuga

member

Activity: 518

Merit: 28

Almost all DeFi bounties are scam and there are some DeFi projects with very limited max supply, they look very suspicious, do not invest money on such projects, safe yourselves from scammers and invest on better projects, promote only very good projects with teams that aren't anonymous and experts in blockchain field only

btcdie

sr. member

Activity: 784

Merit: 251

Scammers also follow trends to trick someone easily. that's why many DeFi bounties are scam at this time. because with the bounty, scammers can promote their project for free to find stupid investors. That is the importance of crypto education like in this forum, both investors and bounty hunters.

As I know before DeFi trend, IEO is also many scam projects.

Rodeo02

hero member

Activity: 1302

Merit: 577

avatar and signature space for rent !!!

Quote from: Jocuserious on October 10, 2020, 01:38:49 PM

Quote from: arabianhorse on October 10, 2020, 12:17:23 AM

DiFi bounty is 99% fake or scam. I joined the bounty at about 8. But Not a single payment.

Of course now the number of scam projects is high and as new hype they are gaining this opportunity from defi. Although there are many good bounty still progress so you can participate. You have to keep in mind that scam schemes will always try to take advantage and there are a huge number of them so it is important to have your own search.

Every time that there are new trend scammers is always there checking and want to take other people money by following the trend same thing with other crowdfunding from before . If they don't have any team details I don't think we should trust that money it's too obvious what they really want if they want to hide that important information . I am just amazed how that scammers always ready to use their own money as capital before making scam project . They are even preferred to pay participants with popular coins such as bnb trx and usdt .

istiak2277

member

Activity: 728

Merit: 19

KUWA.ai

Quote from: CashbackLover on September 30, 2020, 02:34:38 AM

Almost 99 percent of DeFi projects in bounty section are scam, you can say I have no prove but this is just my normal thought.

1. Why are almost all bounties released today DeFi projects?
2. Most of these projects have no information about team
( They are complete anonymous)
3. Majority of them are rushed, you can judge merely looking at website domain and designs
4. There are some that based on Uniswap wannabes

You can't compare these projects with real DeFi projects like introduced bounties like Oikos, Lattice, DIA, and few others, my advice is to be extremely picky after doing research

Yes and you can see most of them are short-term projects and someone is running those projects individually. Thats mans maybe someone just trying to grab some money. I avoided most of those projects except some projects that look pretty unique and legit to me. DIA, Oikos, and Lattice are some good examples of some good DeFi projects so far.

Jocuserious

sr. member

Activity: 1936

Merit: 290

Quote from: arabianhorse on October 10, 2020, 12:17:23 AM

DiFi bounty is 99% fake or scam. I joined the bounty at about 8. But Not a single payment.

Of course now the number of scam projects is high and as new hype they are gaining this opportunity from defi. Although there are many good bounty still progress so you can participate. You have to keep in mind that scam schemes will always try to take advantage and there are a huge number of them so it is important to have your own search.

tourist2079

jr. member

Activity: 151

Merit: 1

This summer, DeFi tokens showed growth by hundreds and thousands of percent, but now the DeFi market is in the stage of correction. Many projects received high marks, their capitalization reached a billion dollars, but then fell down. Many DeFi players seem to be waiting for the stock markets to unfold, the outcome of the US presidential election, and the Fed's decisions. Some are not convinced that now is a good time to start watching when the DeFi market hits the bottom.

xOdiumNostrumx

full member

Activity: 1064

Merit: 101

I agree with the concerns of other in this thread, but there is still a chance to score big when it comes to DeFi bounty campaigns. Just remember the DIA campaign, then the campaign of DEGO finance that is ending today, or the Radix one that will end this week and I am probably forgetting some more. So you just have to be very selective with them like always.

lifeinmountain

newbie

Activity: 92

Merit: 0

mostly new Defi project comes after when Uniswap Airdroped 400 UNI And this will change the entire industry. new people think it's easy to make money from bounty and airdrops and new scam project will get benefit from it by launching there own Defi projects. They know people will join easily because of Defi Trend. And uniswap listing is also free. so they will do that easily.
but I think real defi project will not launch bounty,intead of they do the private sale and list there token.

Kunnu

member

Activity: 1204

Merit: 11

These days in crypto industry defi is more trending than any other concept and almost every project owner wants to take advantage with this time and scammers are also taking advantage in the name of defi that's why they're launching many scam projects which looks attractive with defi concept only our deep investigation for any project can protect us, we must take steps very carefully.

bobyhodob

sr. member

Activity: 1162

Merit: 253

Quote from: rajakulam on October 10, 2020, 12:23:29 AM

Now it's like the DeFi project era because there have been so many lately, so now we have to do more research before participating in a project, because many scam projects are looking for opportunities nowadays.

I think all projects can have an indication of a scam, it's just that maybe it's not the time yet because the DeFi project is the same as when many people enjoyed the ICO project, so I think I have to be vigilant when wanting to invest or buy any coins.

harapan

sr. member

Activity: 1736

Merit: 306

1. Because now, of course, all projects take advantage of it
2. yes because they copied a lot of previous defi projects that didn't have clear information
3. They are in a hurry because they don't want to miss the hype, especially scammers Cheesy

BDBitcoinExpart

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Activity: 112

Merit: 10

Your are right, but some project are paying token to bounty hunter. I got yLand token from their bounty.

Topic: My take on DeFi bounties - page 3. (Read 1602 times)