Tips & Insight For All Bounty Hunters - page 2.

Brybro27

member

Activity: 98

Merit: 11

Bounty Management - t.me/Brybro

Quote from: CjMapope on October 08, 2019, 01:06:58 PM

nice writeup man, i owe u some merit, im out right now Tongue

In my experience it has always amazed me at the price people place on their personal information
They don't seem to realize identify theft is REAL, and you could be a victim and never know until your credit companies freeze your accounts for weird activity
I avoid KYC, except for established exchanges, im too paranoid haha

Thanks for the read and feedback!

I agree, KYC can be pretty risky. That is why I highly recommend getting to know the team first and even researching who the KYC provider is. If your information does get leaked, you can take action against the KYC provider. The only issue is knowing if they leaked your information or not because companies these days like to keep this a secret as long as possible.

But, a highly reputable startup will have a trusted KYC provider that you shouldn't have to worry about. So it all comes down to doing your own research and whether you trust that team enough or not.

letyouearn

legendary

Activity: 1722

Merit: 1014

Quite a useful research I think, good job! I think the key factor that leads to success in bounty hunting now is a professional methods and creativity. You should be better and smarter than hundreds of other hunters now, competition has grown too much lately.

Ferris419

hero member

Activity: 1008

Merit: 501

Quote from: Brybro27 on October 08, 2019, 09:12:37 AM

Quote from: cichaescut on October 08, 2019, 08:14:10 AM

Great work mate! I hope this would help new hunters to understand how things are done. Besides, I am getting more and more disappointed with bounty campaigns in general and believe that someday we would finally get good rewards.

Thank you very much!

I don't mean to turn this post into a marketing post, however, if you are looking for a new bounty campaign to participate in, I recommend checking out the most recent one I'm managing. The project is called PlanChain and runs on the VeChainThor blockchain. They are still new and very early in their pre-sale stages, but they look to have a promising project and team, so I personally think they are going to do well.

Give it a look and let me know if you have any questions!

PlanChain Bounty Program

You have learned a lot of things about how the crypto bounty system works nowadays, and now you are managing a bounty. This is what every bounty hunters want. A guy who knows the pain of bounty hunters and who wants to give everything at the exact time. I just checked your bounty campaign and I must say Planchain has a good potential to be a successful project. And, I believe this thread will help lots of new bounty hunters to know better about bounty things, so you deserve a merit from me.

lionheart78

legendary

Activity: 2954

Merit: 1153

Quote

I'd be cautious about big reward pools because that usually results in a large dump as soon as the token hits the market. Bounty hunters tend to sell as soon as they can so the more tokens rewarded, the more tokens that will be dumped.

As a bounty hunter, I will always look for a project that offers a better reward, of course considering the factor OP stated on the first post. I don't care if the coins will be dump since it is the projects owner's task to keep it at a reasonable trading rate.

Quote

So if you want to hold the tokens you receive, you may want to look for those that hand out less tokens. I know it sounds odd, but it just makes that project more valuable.

If you want to hold a token, it is not the token that were hand out that we should look out for, but rather the total supply of the token. Imagine a project that allocate 1 million token in a campaign while having 100B total token supply. What will happen to your holdings then? Mostly, participants will get a reward of around 100 to 8,000 token each a rough estimate of bounty distribution that includes all the regular running campaign in the altcoin bounty considering there is a decent number of participants joined. Worst, developers hold 10% to 15% of those token.

This idea would be best if the project allocate bounty rewards depending on the total sales of the ICO and burning those that were not sold considering the campaign allocation is around 1-3% of the total coins.

CjMapope

legendary

Activity: 1820

Merit: 1092

~Full-Time Minter since 2016~

nice writeup man, i owe u some merit, im out right now Tongue

In my experience it has always amazed me at the price people place on their personal information
They don't seem to realize identify theft is REAL, and you could be a victim and never know until your credit companies freeze your accounts for weird activity
I avoid KYC, except for established exchanges, im too paranoid haha

Brybro27

member

Activity: 98

Merit: 11

Bounty Management - t.me/Brybro

Quote from: Strongkored on October 08, 2019, 11:26:33 AM

Quote from: Brybro27 on October 07, 2019, 02:59:25 PM

Know Your Customer (KYC)
-snip-

KYC has become a lot of debate and there are always those who agree and disagree.
Doing KYC for an exchange I don't mind, but not for bounties.
I disagree if someone said Bounty that requires KYC to be considered a legitimate bounty, because KYC and development project are different things
Indeed, many have suggested KYC to reduce participants who commit fraud but prociding personal information for something that has not been seen to be a value is foolish, security of personal information is more expensive than a bounty prize.

You make a very valid point. Depending on your stance on giving up your personal information, it varies if you are willing to participate in a bounty campaign or not. A lot of people complain that bounty rewards are too low to begin with, so performing KYC definitely isn't worth it for some chump change in tokens.

However, bounty campaigns are aimed to attract not only followers, but actual investors. I've participated in only a couple of campaigns, but each one I also invested in as well. So performing KYC in these situations weren't an issue for me.

So again, depends on what your goal is with a bounty campaign and how protective you are with your personal information. Unfortunately, most of our personal information has already been exposed by other means so you may not be protecting something that you think is actually private.

DarkDays

legendary

Activity: 2030

Merit: 1189

I think it would be useful if bounty hunters actually collaborated and formed a list of questions that could be provided to projects that have an ongoing bounty campaign. This would save the incessant questions in the bounty chat, such as when distribution, why no payment etc.

Such a resource would save the time of not only thousands of bounty hunters, but also all the projects that have to answer the same questions repeatedly, while also giving hunters a good way to separate the trash projects from the good.

Strongkored

legendary

Activity: 2814

Merit: 1112

Leading Crypto Sports Betting & Casino Platform

Quote from: Brybro27 on October 07, 2019, 02:59:25 PM

Know Your Customer (KYC)
-snip-

KYC has become a lot of debate and there are always those who agree and disagree.
Doing KYC for an exchange I don't mind, but not for bounties.
I disagree if someone said Bounty that requires KYC to be considered a legitimate bounty, because KYC and development project are different things
Indeed, many have suggested KYC to reduce participants who commit fraud but prociding personal information for something that has not been seen to be a value is foolish, security of personal information is more expensive than a bounty prize.

Brybro27

member

Activity: 98

Merit: 11

Bounty Management - t.me/Brybro

Quote from: zeze18 on October 08, 2019, 10:40:02 AM

Quote from: DDante on October 08, 2019, 10:36:18 AM

The fastest way to detect how serious a project team are is asking them challenging questions on telegram, if you are good at this you will find answers in no time, some teams have bad intent and some have good intent but stay away from teams that are not 100% opened to questions, they are always dangerous

But just doing this also not enough, there are many crypto people that able to speak about their project very clearly and very fluently. But they just know how to talk but they cannot implement their idea

That is why joining the Telegram group should just be the first step in evaluating a new project. You should still do your own due diligence in any other way you please. But engaging with the team on Telegram should definitely be the first step.

Furryball

member

Activity: 490

Merit: 19

i have promoted lots of bounties through other bounty platforms like bountyminer and bountyhub but the rewards are very low yet i am glad i don't promote scam projects, the rewards are so low that they are like when you receiving tokens from airdrops campaigns but its better than none, doing research helps me a lot and histories of past bounties help me as well

TanakabZX

member

Activity: 504

Merit: 16

Quote from: cichaescut on October 08, 2019, 08:14:10 AM

Great work mate! I hope this would help new hunters to understand how things are done. Besides, I am getting more and more disappointed with bounty campaigns in general and believe that someday we would finally get good rewards.

The more disappointed you are it seems you aren't ready to quit, i see you are promoting synchrobit project, some bounty projects are just bad but if you learn from your mistakes you will get better at picking projects to promote

zeze18

sr. member

Activity: 938

Merit: 256

Quote from: DDante on October 08, 2019, 10:36:18 AM

The fastest way to detect how serious a project team are is asking them challenging questions on telegram, if you are good at this you will find answers in no time, some teams have bad intent and some have good intent but stay away from teams that are not 100% opened to questions, they are always dangerous

But just doing this also not enough, there are many crypto people that able to speak about their project very clearly and very fluently. But they just know how to talk but they cannot implement their idea

DDante

member

Activity: 434

Merit: 19

The fastest way to detect how serious a project team are is asking them challenging questions on telegram, if you are good at this you will find answers in no time, some teams have bad intent and some have good intent but stay away from teams that are not 100% opened to questions, they are always dangerous

imutlinda

sr. member

Activity: 926

Merit: 256

Quote from: Brybro27 on October 08, 2019, 10:15:09 AM

Quote from: Anonylz on October 08, 2019, 09:30:22 AM

Especially the number one option on words of wisdom - Join the Telegram Group and start asking questions- most hunters don't find it necessary to join the telegram group of the project they supposedly support, some only join when telegram is made mandatory for all participants otherwise they won't join to follow up on relevant update that could give a clue how serious that project is or appear to be, it is always good to join the telegram group of any project you are supporting to gain more closure about the project, from this group you can tell if the team are active or not, and other helpful hints.

Exactly! Communicating with the team in the Telegram Group gives you a much better understanding of the team over looking them up on LinkedIn or any other resource. It also just gives you a better understanding of the project itself and can help you determine if you want to participate fully with the project or not. Telegram is the main point of contact for startups in this sector and if you really want to get a firsthand glance of what a project is and how it will perform, the Telegram group will provide that.

The telegram community can also be used as an assessment of the activeness of developers in updating their projects and I think developers will be more active in telegrams compared to other social media. And it can be said that the telegram community is the most updated information connector because you can directly ask the developer while other social media are usually managed again by several teams

Brybro27

member

Activity: 98

Merit: 11

Bounty Management - t.me/Brybro

Quote from: Anonylz on October 08, 2019, 09:30:22 AM

Especially the number one option on words of wisdom - Join the Telegram Group and start asking questions- most hunters don't find it necessary to join the telegram group of the project they supposedly support, some only join when telegram is made mandatory for all participants otherwise they won't join to follow up on relevant update that could give a clue how serious that project is or appear to be, it is always good to join the telegram group of any project you are supporting to gain more closure about the project, from this group you can tell if the team are active or not, and other helpful hints.

Exactly! Communicating with the team in the Telegram Group gives you a much better understanding of the team over looking them up on LinkedIn or any other resource. It also just gives you a better understanding of the project itself and can help you determine if you want to participate fully with the project or not. Telegram is the main point of contact for startups in this sector and if you really want to get a firsthand glance of what a project is and how it will perform, the Telegram group will provide that.

Brybro27

member

Activity: 98

Merit: 11

Bounty Management - t.me/Brybro

Quote from: Bttzed03 on October 08, 2019, 09:54:39 AM

Quote

Know Your Customer (KYC)
I'm not an expert on this by no means, but I'd be cautious of a project that doesn't require KYC in order to participate in their bounty campaign. Different jurisdictions have provided regulatory guidance recently and activities that used to be allowed in this industry in the past 1-2 years are now not allowed anymore. These projects that don't require KYC are either not aware, are not being careful, and/or have not done their due diligence. Those who do require KYC, require it because they've taken the necessary steps in order to determine who can and can't participate in their crowdsale/bounty campaign.

I understand that performing KYC for any project is concerning as you are giving up your personal information to an unknown startup, however, it is very necessary if that startup wants to legally abide by all the jurisdictions and regulations. So my advice is that you get to know the team and determine if they are trustworthy before even participating in the bounty campaign. Join their Telegram Group and strike up a conversation on KYC and why they determined it to be required or not required. Their responses on this topic will help you validate their credibility and trustworthiness in my mind.

This is a good observation but I guess you are still unaware of some campaigns who are misusing this KYC verification.

You can refer to this thread for context https://bitcointalksearch.org/topic/mycro-jobs-cheat-corruption-scam-kyc-only-three-days-for-prize-hunters-5189364

Some campaign start out with no KYC but they suddenly decided to implement it towards the end of the campaign. They are not required by law in their country to conduct KYC for a utility token but they still claim it's for "legal purposes" when in fact the actual purpose is to weed out bounty cheaters.

Again, this is why I said to be cautious when participating in a bounty campaign that doesn't require KYC. At least for campaigns that require it straight off the bat, you know they won't pull any quick ones on you.

In this case, KYC was stated to weed out the multiple/fake accounts, which is actually the best use-case for KYC in bounty campaigns. However, this project definitely had the intention of throwing in this requirement last minute in order to reduce the total rewarded tokens as a decent amount of hunters probably didn't notice it was required in time.

Ken_terrance

member

Activity: 574

Merit: 18

Making Smart Money Work

Wow this is a well written info about bounties, bounty hunters should put away fear when engaging any bounty project, after doing your own part like better researches just be strong and brave, crypto bounties are unpredictable, sometimes the least project you expected to turn out well will be the one that will pay you on the long run

Bttzed03

legendary

Activity: 2114

Merit: 1150

https://bitcoincleanup.com/

Quote

Know Your Customer (KYC)
I'm not an expert on this by no means, but I'd be cautious of a project that doesn't require KYC in order to participate in their bounty campaign. Different jurisdictions have provided regulatory guidance recently and activities that used to be allowed in this industry in the past 1-2 years are now not allowed anymore. These projects that don't require KYC are either not aware, are not being careful, and/or have not done their due diligence. Those who do require KYC, require it because they've taken the necessary steps in order to determine who can and can't participate in their crowdsale/bounty campaign.

I understand that performing KYC for any project is concerning as you are giving up your personal information to an unknown startup, however, it is very necessary if that startup wants to legally abide by all the jurisdictions and regulations. So my advice is that you get to know the team and determine if they are trustworthy before even participating in the bounty campaign. Join their Telegram Group and strike up a conversation on KYC and why they determined it to be required or not required. Their responses on this topic will help you validate their credibility and trustworthiness in my mind.

This is a good observation but I guess you are still unaware of some campaigns who are misusing this KYC verification.

You can refer to this thread for context https://bitcointalksearch.org/topic/mycro-jobs-cheat-corruption-scam-kyc-only-three-days-for-prize-hunters-5189364

Some campaign start out with no KYC but they suddenly decided to implement it towards the end of the campaign. They are not required by law in their country to conduct KYC for a utility token but they still claim it's for "legal purposes" when in fact the actual purpose is to weed out bounty cheaters.

Anonylz

hero member

Activity: 2562

Merit: 577

Especially the number one option on words of wisdom - Join the Telegram Group and start asking questions- most hunters don't find it necessary to join the telegram group of the project they supposedly support, some only join when telegram is made mandatory for all participants otherwise they won't join to follow up on relevant update that could give a clue how serious that project is or appear to be, it is always good to join the telegram group of any project you are supporting to gain more closure about the project, from this group you can tell if the team are active or not, and other helpful hints.

Brybro27

member

Activity: 98

Merit: 11

Bounty Management - t.me/Brybro

Quote from: cichaescut on October 08, 2019, 08:14:10 AM

Great work mate! I hope this would help new hunters to understand how things are done. Besides, I am getting more and more disappointed with bounty campaigns in general and believe that someday we would finally get good rewards.

Thank you very much!

I don't mean to turn this post into a marketing post, however, if you are looking for a new bounty campaign to participate in, I recommend checking out the most recent one I'm managing. The project is called PlanChain and runs on the VeChainThor blockchain. They are still new and very early in their pre-sale stages, but they look to have a promising project and team, so I personally think they are going to do well.

Give it a look and let me know if you have any questions!

PlanChain Bounty Program

Topic: Tips & Insight For All Bounty Hunters - page 2. (Read 364 times)