Please check this project. (Swaphub)

Kavelj22

legendary

Activity: 1778

Merit: 1474

🔃EN>>AR Translator🔃

I had the same doubts before joining the bounty program. Until now, nothing confirmes that the project is a scam. However, it lacks some important information.

Quote from: Jawhead999 on September 24, 2020, 01:54:35 AM

I've discovered a few things:
1. The project team is unknown and anonymous.
2. No whitepaper published.
3. Bounty spreadsheet aren't open for public.
4. The team aren't responsible in their telegram group.
5. Looks like the member in their telegram group is mostly fake member.

1. I am investigating about the team.
2. This article can describe the whole concept. Not different from UniSwap.
3. Spreadsheet is public. Check
4. Not only in telegram. I am trying to get in touch with one of them and i will update this thread once get an answer.
5. Maybe they are bounty participants. Not sure.

cryptoaddictchie

legendary

Activity: 2268

Merit: 1379

Fully Regulated Crypto Casino

Hi OP next time you post on a scam accusation thread show some proof of a possible scam or any evidence cause we can always accused a project sometime that could also be legit.

I saw the thread. Obviously its a bounty thread with a yield farming mode. These kinds of project is very easy pie for coders, and they can even decide to be a fraud depends on the project stance.

Like what Jawhead999 said, there are some details lacking the project. So think twice if you would join, but its up to you. But for some traders, with a clean code and website this could be legit while earning profits.

Quote from: Jawhead999 on September 24, 2020, 01:54:35 AM

1. The project team is unknown and anonymous.

This is big deal for some traders and investors but some depending on the product to judge the project capability or potential. Bitcoin is anon too product is great. So depends on users perspective.

Jawhead999

legendary

Activity: 1834

Merit: 1208

It's just a typographical error, the bounty program is just run for 1 month only.

I've discovered a few things:
1. The project team is unknown and anonymous.
2. No whitepaper published.
3. Bounty spreadsheet aren't open for public.
4. The team aren't responsible in their telegram group.
5. Looks like the member in their telegram group is mostly fake member.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Very likely another of the "yield farming" DeFi tokens. Now this does not mean that the project is a scam. But this trend is currently hyped and many anonymous users are creating them and getting social media channels to get people to buy their tokens and take part in this "passive income" system.

The point is that the passive income has always been a gimmick since the ICO days when shitcoin used to be made promising 1% per day worth of income but that coin ended up being dumped heavily and then abandoned.

What I mean to say is that they may not directly scam you, but snowball the project long enough for them to make money and you to suffer holding their token.

If you took part in their bounty, I would suggest you to stop doing so. Move on from bounty hunting and take part in this forum's discussions, earn some merits on the way and join a decent paying signature campaign if you wish to.

Dabounty

newbie

Activity: 55

Merit: 0

hello, I need your help to investigate this project.
I feel there is something wrong with this project.

This project started on September 20, 2020, while in project view it is written September 20 12.00 UTC 2019 - October 20 11.59 UTC 2020.

Is this project 1 year in duration?

Link bounty : https://bitcointalksearch.org/topic/--5277165
image display : https://i.ibb.co/t4zJ7Jr/Screen-Shot-swaphub.png

Topic: Please check this project. (Swaphub) (Read 177 times)