My take on DeFi bounties - page 7. | Bitcointalksearch.org

gabbie2010

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Quote from: dhemasm on September 30, 2020, 11:08:58 AM

Yeap, There are tons of DeFi bounty for now (Really much) And looks like most of them are scam, I'm basically still join some bounty with DeFi concept but doing deep research before that. Well it's just some hype, Let's wait till it become mainstream.

Just a make thorough research to avoid being scammed in the De-Fis bounties, there are many of those projects out there whose sole aim is to capitalize on the hype and scam bounty hunters and investors who didn't do underground check before participating and investing in those projects.
Although some bounty hunters don't a choice especially newbies they always participate in every bounty campaign especially the social media irrespective of whether the project is scam or not.

xiboothrezi

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Did you know, scammers are definitely taking advantage of the market hysteria, of which DeFi and Uniswap are currently the most popular. So don't be surprised if a lot of "half-baked" projects have sprung up with DeFi themes, claiming to be based on uniswap. The scammers are looking for investors / bounty hunters / crypto enthusiasts who are panicking because they missed their previous train, and those who want to get instant profits without thinking. So, we have to be smart, don't join the project just because we claim to be DeFi or cooperate with Uniswap, we have to keep doing in-depth analysis so we don't get caught in fraud.
this pattern is the same as the popular ico in 2017s

kawetsriyanto

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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.

Is it normal thought? Or seems like spreading FUDs? Cheesy

If you still can't get the valid source or no own research yet, you shouldn't claim with the exact number like 99%. I agree that many DeFi projects turned to scams, but claiming there were already 99% from 100% Defi projects seems not a wise statement.

Shasha80

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I don't blame people for thinking that DeFi projects in the bounty section are scams, because in fact most of them are not well prepared,
most of the teams that make DeFi projects do not have a track record to trust. Therefore, it is highly doubtful that the DeFi projects in
the bounty section will be profitable for bounty hunters.

7788bitcoin

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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.

The same scam repeating again, it is the process of repeating the old scam in a new bottle and take advantage of the hype. Everyone needs to be smart about these anonymous projects and fake teams and with the hype hitting the roof expect more.

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

3. Majority of them are rushed, you can judge merely looking at website domain and designs

As mentioned same weak scammers with basic web design skills and taking on the hype to scam people, stay away from these.

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

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

Research in the sense you need to talk to the developers and come to a conclusion rather than going after reviews and if you can do that and if you think you can trust them then you can carry on with it, if not it is better to stay away from these.

dimonstration

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Quote from: Danslip on September 30, 2020, 05:18:55 PM

Being lucky is the only requirement for payment from DEFI bounty campaigns because it doesn't make sense to join the bounty that has no background. That sections should be monitored closely for finding the scam projects and empty promises, newbies fall their promises easily. The crazy amounts are not affordable by reasonable projects and teams never approve such marketing budget if they have long term plans.

Bounty Hunters should learn from scammy projects brought by ICO after the 2017 ATH, were many ICO bounties didn't pay their participants. It's long gone that hunter will be able to be paid like what is given in before the ATH. Bitcoin price is way too high now so don't expect a huge amount alloted for bounties it's better to join weekly paid bounties or campaign now that waste time joining bounties that may continuously extend the campaign without guarantee of Payment. We should choose our work and time wisely.

Twinkledoe

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Quote from: Danslip on September 30, 2020, 05:18:55 PM

Being lucky is the only requirement for payment from DEFI bounty campaigns because it doesn't make sense to join the bounty that has no background. That sections should be monitored closely for finding the scam projects and empty promises, newbies fall their promises easily. The crazy amounts are not affordable by reasonable projects and teams never approve such marketing budget if they have long term plans.

You can already see a lot of scam accusations towards these DeFi projects. Just head to scam accusations board - https://bitcointalk.org/index.php?board=83.0
Most latest scam threads come from DeFi projects - fake team, plagiarized whitepaper, and so on. So if you are a bounty hunter, check if the project is at least solid. Because most of them are really worthless tokens.

tvplus006

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Quote from: articlecity on September 30, 2020, 05:46:23 PM

Bounties is just a bonus kind of thing but yes hunters should be careful while choosing the campaign and only serious and quality projects should be promoted while low quality projects should be avoided at all costs.

Bounty hunters try to participate in as many bounties as possible in the hope that paying for multiple projects can compensate them for the work they have done. This strategy was tested when there was a hype around the ICO and bounties brought high income.

articlecity

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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

Bounties is just a bonus kind of thing but yes hunters should be careful while choosing the campaign and only serious and quality projects should be promoted while low quality projects should be avoided at all costs.

Danslip

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Being lucky is the only requirement for payment from DEFI bounty campaigns because it doesn't make sense to join the bounty that has no background. That sections should be monitored closely for finding the scam projects and empty promises, newbies fall their promises easily. The crazy amounts are not affordable by reasonable projects and teams never approve such marketing budget if they have long term plans.

optimisticcm

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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

The most crazy thing is that most projects and camoaigns lack even basic information like detailed roadmap, whitepaper and team details. As a promoter myself i know that there are risks involved with each project and campaign but atleast we should select the better projects to promote in my ooinion.

cute nmp

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You are definitely right i totally agree with what you said.Most of the defi-bounties are scams project without an actual team some of those defi-bounties don't even have a standard whitepaper.I participated in two of those bounties and all of them are scams .The best thing to do is to make research about a project before promoting it.

Viscore

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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.

I'm not totally agreeing with you about 99% scammed projects releases, it may be a lower than that saying 95%, maybe it was fair to hear. I know that many were just turn into a scam but that is not the case when they are making it. Some did their best to make their project succeed but it was unfortunate to see that investors making their right decision not to consider them.
Actually, scam projects ruining crypto already and it holds investors to give their trust that is why only a few projects just succeed while many will sadly turn into nothing.

qazgroup

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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

If you feel that a bounty campaign is promoting a fake project and you know the red signals then i think it will be wise to open a separate thread for that and post all such projects and campaigns there.
Because this way community will become careful and stop promoting such projects. I was also thinking about so many similar named projects which never sound legit.

ruli stylon

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Quote from: bakasabo on September 30, 2020, 03:34:24 AM

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

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

1. Because DeFi is a mainstream right now. Like ICOs were 3 years ago. Each and every project ran an ICO, even if they dont need a blockchain technology at all.

2. Because DeFi stands for Decentralized Finances. Main word Decentralized that has close connections to the word anonymous. Besides, even if you know who is in the team, that would not help much to identify who is real and who is fake.

3. Everyone wants to get a piece of a pie and try to grab as much funds as they can.

4. Most of Uniswap wannabes are not regulated at all and you can buy and sell everything there. Scam tokens, own tokens, copycats and etc. Uniswap exchanges are the easiest way to sell scam.

I underlined point number 4.
I just found out that there are absolutely no rules on Uniswap. Any coins can be sold on Uniswap, including scam coins.

Defi coins also emerge from uniswap with the lowest prices for investor bait.

kindbtc

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It is just the hot new trend and that is why we are seeing more and more new defi projects and even in bounties section there are a lot of defi campaigns. As a bounty participant all we can do is select the best although there is no guarantee of success but still i hope most projects will perform well while i know there have been plain scam campaigns listed as well.

jrrsparkles

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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

When a project gets hyped the clones of such projects will be launched especially in the bounties section but still there are hunters are ready to promote any project no matter what kind of project it is.The scammers will be there as long as people are ready to get scammed.

ChrisPop

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Isn't that applicable to other bounties, not just DeFi ones?

Bounty hunters need to take the risk of working in vain. If the projects can actually create value for the tokens the rewards are generally quite hefty. In summary, it is a high risk >> high reward trade of your time.
Each one of us should measure their time and finances and decide whether participating in this kind of campaigns is worth it or not.

taufik0911

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Quote from: Stanlo on September 30, 2020, 11:31:53 AM

Agreed, majority of those new bounty projects are here to cut their own half of the cake, DeFi is making waves and no one wants to be left out, still it's a must for bounty hunters to choose projects wisely, it's not new that most new bounty projects are scam, you have to do your own research on them first before promoting any project.

now no one wants to miss this moment and try their luck to get a large amount of money from the DeFi project
This is what I have to emphasize, that we cannot judge a scam project before the project runs, but right now what is becoming lazy is that most DeFi developers are anonymous

shoreno

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Quote from: Coroline on September 30, 2020, 11:19:54 AM

He was not saying that if dego was the best defi bounty campaign this year but in fact that he might wanna say if dego was the best defi bounty at this moment.

i read this over and over because it confuses me .whats dego ? i dont even know this coin , how can it be the best ? ah maybe its the latest coin . it can be the best by this time only except if it continues its good momentum

Quote from: Coroline on September 30, 2020, 11:19:54 AM

The best bounty for this year should be DIA.

maybe for this month/quarter . you cant say year because year hasnt ended yet and there could be projects that can show thier best and what if they overlap dia in terms of overall performance . thats we dont know for now

Topic: My take on DeFi bounties - page 7. (Read 1602 times)