Really, we can't call the initiative a fraud if it stalls for a variety of reasons.
And, when it comes to bounty rewards, it's a smart way to stop fraud from spreading.
Topic: Upcoming Projects Doing Scam (Read 1014 times)
Any of the projects are bogus. However, the majority of programs are not scams; they just struggle to meet their end product's ultimate goal. Token price dumps occur as a result of these factors.
why all upcoming and new projects doing scams with bounty hunters for example P2P and YOUengine when bounty distribution is near they dump the token price and fail all hardwork of bounty hunters who help promote their projects many weeks after this promoters get nothing.
Some projects are scams. But most of the projects are not scammed they are just failed to reach their end product? final target. Because of these reasons token price dumps.
and that's what I will do too if i ever manage bounties in future.
This is the only way that can be used to protect the hunters. Even the legit project didn't pay the hunters too.
why all upcoming and new projects doing scams with bounty hunters for example P2P and YOUengine when bounty distribution is near they dump the token price and fail all hardwork of bounty hunters who help promote their projects many weeks after this promoters get nothing.
It is becoming a reoccurring scenario, that after bounty ends, the project team will start saying things which weren't agreed on or even giving excuses why the payment will be delayed, some might go as far as re-auditing the spreadsheet just to find excuses on why they will not pay or reduce the reward, and in all these what can be done? Nothing because it is stated in the bounty thread that the team can change the rules at anytime. It is only very few bounties that the team always stick to their own side of the agreement. What surprises everyone is, during the bounty period, there will be no issues from the team but after the bounty the issues surfaces.
Furthermore, I do not know much about those two bounties, but that is what most team do, delay the reward, and when the price reduces badly they pay, in most cases, bounty hunters will hold and expect a good price later on and in some cases, the project becomes abandoned and the reward worthless.
Nevertheless, there is little to nothing bounty hunters can do, other than researching every bounty thoroughly before participating and also asking the team the right questions if possible to be on the safer side.
You are right, most of the people here will fall for the nice talks and fake promises. A company will do massive allocation to the bounty community in order to raise the funds, but every company will scam at least, till now very few bounties are very successful in the cryptocurrency. So we should always be very careful when choosing any bounty.
Massive allocation in this market pretty much begs the tag of scam project. Most projects which were even close to being successful did a reasonable allocation to bounties and kept small portions to advisors and team so that neither of these groups can coordinate a pump and dump and make the market price drop by huge amounts when listed.You can be careful but you will still fail because 99% of projects are failures from the start. What these owners do is that they test the waters by going for a funding in this non-regulated market. If it goes well, then they gambled a win but even if they lose, it dont matter to them, they got money and sold you their shit which is worth nothing.
why all upcoming and new projects doing scams with bounty hunters for example P2P and YOUengine when bounty distribution is near they dump the token price and fail all hardwork of bounty hunters who help promote their projects many weeks after this promoters get nothing.
Some projects are scams. But most of the projects are not scammed they are just failed to reach their end product? final target. Because of these reasons token price dumps.
and that's what I will do too if i ever manage bounties in future.
And about Escrowing bounty reward is a good way to reduce scams before it spread.
why all upcoming and new projects doing scams with bounty hunters for example P2P and YOUengine when bounty distribution is near they dump the token price and fail all hardwork of bounty hunters who help promote their projects many weeks after this promoters get nothing.
Some projects are scams. But most of the projects are not scammed they are just failed to reach their end product? final target. Because of these reasons token price dumps.
and that's what I will do too if i ever manage bounties in future.
why all upcoming and new projects doing scams with bounty hunters for example P2P and YOUengine when bounty distribution is near they dump the token price and fail all hardwork of bounty hunters who help promote their projects many weeks after this promoters get nothing.
feels not right to mension that all projects are doing scams , it is true that there is a lot of shit out there but "i talk just for myself" , there are still safe bountyprojects , just do not fall to fast for nice talks and promises and pictures but find real info about the projects you take part inYou are right, most of the people here will fall for the nice talks and fake promises. A company will do massive allocation to the bounty community in order to raise the funds, but every company will scam at least, till now very few bounties are very successful in the cryptocurrency. So we should always be very careful when choosing any bounty.
Some projects are scams. But most of the projects are not scammed they are just failed to reach their end product? final target. Because of these reasons token price dumps.
that's wrong. Failed means scam and they can't deliver what they have promised before. ICO is not a trial error and then developers gone with all of money. If they failed to achieve it and at least they must be transparent with what happened with the funds. As far as I know that if almost all of scam or failed projects were not so transparent to the investors. that makes the investors being scammed because they know this is not a trial and error game.
why all upcoming and new projects doing scams with bounty hunters for example P2P and YOUengine when bounty distribution is near they dump the token price and fail all hardwork of bounty hunters who help promote their projects many weeks after this promoters get nothing.
Some projects are scams. But most of the projects are not scammed they are just failed to reach their end product? final target. Because of these reasons token price dumps.
why all upcoming and new projects doing scams with bounty hunters for example P2P and YOUengine when bounty distribution is near they dump the token price and fail all hardwork of bounty hunters who help promote their projects many weeks after this promoters get nothing.
feels not right to mension that all projects are doing scams , it is true that there is a lot of shit out there but "i talk just for myself" , there are still safe bountyprojects , just do not fall to fast for nice talks and promises and pictures but find real info about the projects you take part inYou cant really blame people not to say that all projects are scam because it is actually happening as of this moment that majority of them are just total shit.
You wouldnt know on which one would be real because there are proejcts who do looks legit but still a scam but there are some do looks garbage but a legit one.
This is what makes the situation more harder.
[...] in the beginning, nobody doesn't have any clue about the company situation. Every company seems to be perfect and answer the question in a polite way and act like they are the legit ones in the world. Once, after fund raising we will understand the real nature of the team.
Well, that does not happen if the teams developing the project in real-time (actual, not just the words) and transparent on all of their developments as well. By that at least we could imagine or thought some possibility what would happen to the project in the near future.bounty hunters are not completely criminals, most of the bounty hunters are trapped by themselves with fraudulent bounties, they are not aware of what they are promoting as bounty hunters, therefore we as hunters alike are looking at and providing news with more valid information about potential bounties. in the future
That's off-topic dude, there is no one here talking about "whether hunters are criminals or not". why all upcoming and new projects doing scams with bounty hunters for example P2P and YOUengine when bounty distribution is near they dump the token price and fail all hardwork of bounty hunters who help promote their projects many weeks after this promoters get nothing.
feels not right to mension that all projects are doing scams , it is true that there is a lot of shit out there but "i talk just for myself" , there are still safe bountyprojects , just do not fall to fast for nice talks and promises and pictures but find real info about the projects you take part in
Yeah tell me how they expect hunters to be loyal and hold their shitcoins when they are the first to dump on hunters, if the owner of project can so this then why even blame hunters when they do something as well,
Just like what happened with Emporium finance project, they dump even before the project will develop any feet, hunters where left stranded, this is the case.
Just like what happened with Emporium finance project, they dump even before the project will develop any feet, hunters where left stranded, this is the case.
why all upcoming and new projects doing scams with bounty hunters for example P2P and YOUengine when bounty distribution is near they dump the token price and fail all hardwork of bounty hunters who help promote their projects many weeks after this promoters get nothing.
Because the intention was always dubious from the beginning, the aim was to scam and disappear like nothing ever happened, it is very easy for their type to blame it on bounty hunters mean while the real culprit are the project owners, they will make it look like the market is the cause while they are the ones dumping,
The p2p team even went to create another token called 0xgas even that has also dump in price.
why all upcoming and new projects doing scams with bounty hunters for example P2P and YOUengine when bounty distribution is near they dump the token price and fail all hardwork of bounty hunters who help promote their projects many weeks after this promoters get nothing.
When theres a hype or a new trend then expect that there would be a barrage of the same projects that would pop out and completely shit and its not surprising that this one talks about
bounty hunters once again.If you are just new into bounty thing then better get used to it. If those coins does end up on having no value at all or if they gets listed then the price do dump
down go to the floor which it isnt really surprising thats why being a hunter sucks but there are few ones which can really be a fortune if you do hit the sweet spot but
well the chances were less.
They dont like to be paid up measly with $30-60 max/week and thats why they've decided to go with bounties on where they can possibly earn thousands of dollars but to know that those are just possible into those golden days where ICO is still precious and worth for the time but as of todays era then i dont see that light anymore.
They are still in the bubble I know, just hoping that gradually they will come out of it and understand the grim reality that bitcoin is the only thing that they should buy and hold on to. Not some crazy altcoin talking about changing the entire system and taking over the world. Thats a 13year old kid's dream not the sign of the sane minded entrepreneur.Quote
Some of them might not able to know about the existence of bitcoin paying signature campaigns which i do agree that this is way more better as an option if you do really look for something side income.Todays bounty hunting is just purely a waste of time and it isnt really worth for the effort that had been made.
At one time it was profitable for them and the ICO bubble made them gain some profits for those who sold at the top and didnt hold on to the shitcoins.But this generated the market for more shitcoins which never crossed the ICO sale price and thus went down.
Same goes into the current hype that is happening with IEO where same beliefs do happen.There are still lots of projects that are trying to accumulate money to greedy noob investors.
We should be careful towards selection so that we wont really be get victimized or do end up on holding some shitcoins.
why all upcoming and new projects doing scams with bounty hunters for example P2P and YOUengine when bounty distribution is near they dump the token price and fail all hardwork of bounty hunters who help promote their projects many weeks after this promoters get nothing.
Actually this kind of issues in bounty scene exist for long times and it's a total gamble for bounty hunters right now to join on several campaigns, maybe the best thing you can do for now is to be selective and be accept the fact that almost all of the time that will happen when bounty distribution happen.
That's the reason why I left bounty campaigns for almost 3 years, since the scamming is so rampant and it's a waste of effort to join them.
It's not only scarcity but almost all of the scam projects are coming from the defi projects, swaphub, kittiefihgt, yeard global, and many more. Everyone should avoid promoting the defi scam project or even any defi projects as those can become scam projects anytime.
I have created so much awareness about this thing even for the investors too but they are still being scammed by the same project.
I have created so much awareness about this thing even for the investors too but they are still being scammed by the same project.
The defi hype is still not over so we will be seeing more on this scam list of DeFis. If you browse these defi projects, you will already see which one has real intentions of implementing their objectives. Most of the projects in beta stage, I believe will not develop into operational platform. They will just let users to buy their worthless tokens and disappear once they collected some money.
I do not believe that the YOUENGINE team somehow deceived their members. Everyone saw that this was a worthwhile project, and many people took part in the bounty campaign of this project, so the payments are small, as everyone rushed to sell their tokens, thereby severely knocking down the price of the token. Tokens have been sent to all participants, so there is no scam here. The fact that many participants expected to receive a reward of $ 5,000 + for the bounty campaign, but received 10 times less, is no longer the fault of the project creators.
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