Upcoming Projects Doing Scam - page 3.

Ridwan Fauzi

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Quote from: ronaldo40 on October 22, 2020, 10:56:03 AM

i don't think all of them are scam i agree most of them are but some project which was listed on exchange which coin was dump i think it's also the bounty hunters who make that happen. i observed that when the distribution starts the bounty hunters will sell the tokens no matter what the price is and would result in token dump.

But the most important thing is when many people consider that most bounty project are scams then why there still many bounty hunter who promote a new projecf until now?

Don't they feel given up? The bounty hunter must have a good ability to make an analyst against the project because the result will be good. There will not any scam project because bounty hunter know against it.

As for the token is being dumped when bounty hunter get their reward, I don't think that is bad thing to do. Bounty hunter has an authority to decide between sell and hold the token. Because the price getting dumped is not their false, the developer team have to do something to avoid it and they have another way to makr its back to original price even move higher than it.

onecall123

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Quote from: TheUltraElite on November 05, 2020, 12:11:21 AM

Quote from: pallang on November 02, 2020, 07:53:16 AM

Upcoming projects that will conduct bounty and delays bounty distribution are the scam projects, ive been on new projects and joined on thier bounties, they delay distribution and some of team dump thier coins.

Well you cant be expecting the teams to treat their bounty hunters as kings and queens. Obviously the bigger money came from the advisors and thus their interests have to be protected. Just plain old concept of who has the deep pockets.

One of the reasons why many projects have failed is because these advisors will dump their tokens after the lock-in period and the bounty hunters will cry without having a single token at hand. Once the price has been dumped the tokens for the bounty will be sent out and they will never get a chance to make a profit off selling them.

The same story repeats every day and still the bounty hunters never learn. Roll Eyes

If is real picture most of the project to be true. Hide and seek game behind us, they promised there will be improvement and more development when token are extremely terrible shape! Every bounty project token price is high first time then big dump and no hunters take benefits. The scams in crypto run very deep, what we can! just be very careful.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: pallang on November 02, 2020, 07:53:16 AM

Upcoming projects that will conduct bounty and delays bounty distribution are the scam projects, ive been on new projects and joined on thier bounties, they delay distribution and some of team dump thier coins.

Well you cant be expecting the teams to treat their bounty hunters as kings and queens. Obviously the bigger money came from the advisors and thus their interests have to be protected. Just plain old concept of who has the deep pockets.

One of the reasons why many projects have failed is because these advisors will dump their tokens after the lock-in period and the bounty hunters will cry without having a single token at hand. Once the price has been dumped the tokens for the bounty will be sent out and they will never get a chance to make a profit off selling them.

The same story repeats every day and still the bounty hunters never learn. Roll Eyes

bitkanu

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Quote from: pallang on November 02, 2020, 07:53:16 AM

Upcoming projects that will conduct bounty and delays bounty distribution are the scam projects, ive been on new projects and joined on thier bounties, they delay distribution and some of team dump thier coins.

The fact if these bounties are not delaying the rewards but what makes them look like scam was the price. I think that the hunters should have expected it caused by the total distribution totally non-sense compared with the buy order that available in the market.

If the team delay the distribution and then you must have learned to join only in the legit bounty.
jarvis developer needs almost a year to pay the hunters but the hunters were getting paid very well.

Byakuga

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Quote from: Gaggi92 on October 19, 2020, 11:46:27 AM

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.

As a bounty hunter you have to make sure that the project you plan to promote has very good use case that will attract many big investors, youengine use case is not catching enough attention because there are too many projects in crypto space that have same use case as youengine (competitors) and again the team did a big mistake by using small exchanges to raise fund

aomakun

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very difficult to distinguish real from scammers I would never just deposit or invest something with a new site and just wait until they have a bit more reputation at least and sometimes it really involves a lot of money and there is too little control due to the anonymity of the bitcoin and websites hosted and the servers

pallang

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Upcoming projects that will conduct bounty and delays bounty distribution are the scam projects, ive been on new projects and joined on thier bounties, they delay distribution and some of team dump thier coins.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: fourpiece on October 22, 2020, 08:18:28 AM

That is why every hunter must always put time to research about the project, it will lessen the chance to be scammed by scam bounties. Doing research before joining will be a great defense to bounty scams.

You can do some more things like checking our "Scam Accusations" section, to see if there was any reported scams. We have some scam busters doing this everyday and it is for your benefit only.

It might save your time and prevent getting involved with scam projects that end up hurting your reputation.

But yes these scams never end one can only hope to see some legit projects in the future.

Shallow

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It has happened many times, and bounty hunters were left powerless, other than to hold and hope the price increases one day or just move on.
Many projects team are just questionable and always on the lookout to shift blames, first they will delay or lock distribution instead of working to look for a way to improve on their platform which will then directly or indirectly push up their token price, but they won't do that other than keep shifting excuses while the price keeps dropping, now comes the question. This question is, a team delays bounty distribution and the price drops, who is to blame and who are those selling? First, the people selling are investors who have lose trust in the project, this is because you can't hold a token that keeps dropping while the team are left doing nothing, also the team can also dump theirs and exit scam; and who is to blame, still the team but they won't find issues with that, but rather with bounty which is of very small allocation.
Another point to look at is, most times a team sets a bounty allocation to attract hunters without having the intension to pay, in this case, you will see the team saying a lot of things. This is just few cases where team played hunters, there are many more.

Byakuga

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Quote from: Gaggi92 on October 19, 2020, 11:46:27 AM

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.

Do you have any prove that these projects dump their very own tokens on exchanges? Because all I can read here are just words, I promote Youengine but the listed exchanges aren't very good, volumes and very low, only uniswap makes sense out of the exchange list but I don't know about P2P

Renampun

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Quote from: Gaggi92 on October 19, 2020, 11:46:27 AM

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.

So far, this has happened a lot...
Most likely the team from the project did the big dump to avoid the hunters selling all of their tokens when the prizes were distributed. Now, not having big expectations for a project is much better.

sunsilk

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Quote from: stomachgrowls on October 22, 2020, 02:59:36 PM

Quote from: sunsilk on October 22, 2020, 02:50:57 PM

True to that.

They can avoid that to happen if they will choose the campaigns that have guaranteed payment coming from reputable campaign managers. But they are not reading warnings and experiences of others.

In result, they go into campaigns that has random chances and uncertainties.

Easy to say but really hard to get rid of it completely.There are really people who do join directly without minding if they would be get paid in the end or not.This had been suggested after all the years
that people do only join on campaigns that do give out some guaranteed payments or shall we say on weekly basis not on paying up a shitty coin but rather on established coins like btc and some top alts.

As long project do exist into this market specially now that DeFi is on hype now then expect for the market to be flooded by similar projects all over again.
This had been a common problem on when things gets hyped then expect for some follow up or horde of shit ones.

Can this really be stopped? No... Project owners or scammers will really create continuously until they do able to accumulate millions of funds out of those fool investors.Somehow there
are still legit projects where you can put your money on but this will really be like finding a needle on a haystack.

It wouldn't be stopped. But there's a freedom of choice for them to choose not and just do the right thing of not joining them if they have a standard that haven't met by that particular bounty. But it's still their will if they do whichever they think is correct.

The quantity over quality is also playing big in here. They choose to join bounties that they think they're qualified and out of those, there could be one or few of those projects that will become successful and will eventually pay their efforts.

stomachgrowls

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Quote from: sunsilk on October 22, 2020, 02:50:57 PM

Quote from: TheUltraElite on October 22, 2020, 12:45:27 AM

Quote from: sunsilk on October 21, 2020, 02:34:42 PM

They will allow to dump first the investors and probably including the developers as it's their reward. As for the bounty hunters, you'll just look at the price of that token while it's going down while waiting for your tokens to arrive at your wallet.

Sad story of every bounty hunter here. I wonder if they ever feel ashamed of seeing this happen and themselves look like fools for working on that project. Lips sealed

Reality for every crypto project out there is that the owners and advisors dump their tokens once the lock in periods are over. Small-cap retail investors hoping for a 5-10% gain will not be even get that, heck may go into negative values.

I hope some of the hunters actually read these posts before joining another bounty because the last one failed. That cycle is vicious and never ending. The only way to stop it is to shun all bounties and go for bitcoin paying campaigns.

True to that.

They can avoid that to happen if they will choose the campaigns that have guaranteed payment coming from reputable campaign managers. But they are not reading warnings and experiences of others.

In result, they go into campaigns that has random chances and uncertainties.

Easy to say but really hard to get rid of it completely.There are really people who do join directly without minding if they would be get paid in the end or not.This had been suggested after all the years
that people do only join on campaigns that do give out some guaranteed payments or shall we say on weekly basis not on paying up a shitty coin but rather on established coins like btc and some top alts.

As long project do exist into this market specially now that DeFi is on hype now then expect for the market to be flooded by similar projects all over again.
This had been a common problem on when things gets hyped then expect for some follow up or horde of shit ones.

Can this really be stopped? No... Project owners or scammers will really create continuously until they do able to accumulate millions of funds out of those fool investors.Somehow there
are still legit projects where you can put your money on but this will really be like finding a needle on a haystack.

sunsilk

hero member

Activity: 3038

Merit: 634

Quote from: TheUltraElite on October 22, 2020, 12:45:27 AM

Quote from: sunsilk on October 21, 2020, 02:34:42 PM

They will allow to dump first the investors and probably including the developers as it's their reward. As for the bounty hunters, you'll just look at the price of that token while it's going down while waiting for your tokens to arrive at your wallet.

Sad story of every bounty hunter here. I wonder if they ever feel ashamed of seeing this happen and themselves look like fools for working on that project. Lips sealed

Reality for every crypto project out there is that the owners and advisors dump their tokens once the lock in periods are over. Small-cap retail investors hoping for a 5-10% gain will not be even get that, heck may go into negative values.

I hope some of the hunters actually read these posts before joining another bounty because the last one failed. That cycle is vicious and never ending. The only way to stop it is to shun all bounties and go for bitcoin paying campaigns.

True to that.

They can avoid that to happen if they will choose the campaigns that have guaranteed payment coming from reputable campaign managers. But they are not reading warnings and experiences of others.

In result, they go into campaigns that has random chances and uncertainties.

ronaldo40

legendary

Activity: 1554

Merit: 1014

i don't think all of them are scam i agree most of them are but some project which was listed on exchange which coin was dump i think it's also the bounty hunters who make that happen. i observed that when the distribution starts the bounty hunters will sell the tokens no matter what the price is and would result in token dump.

fourpiece

full member

Activity: 821

Merit: 101

Quote from: Gaggi92 on October 19, 2020, 11:46:27 AM

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.

That is why every hunter must always put time to research about the project, it will lessen the chance to be scammed by scam bounties. Doing research before joining will be a great defense to bounty scams.

bitkanu

hero member

Activity: 2184

Merit: 513

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The traders are not so stupids and they will need to buy the tokens that have already received by the hunters at the cheap rate. The dump will always come before the distribution of bounty. Just take a look at DIA and the same thing was also happening when the traders wanna try to accumulate more and more cheap coins.

You should also see the ARCS coin and the price is going back again to the rate before the dump. Grin

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: sunsilk on October 21, 2020, 02:34:42 PM

They will allow to dump first the investors and probably including the developers as it's their reward. As for the bounty hunters, you'll just look at the price of that token while it's going down while waiting for your tokens to arrive at your wallet.

Sad story of every bounty hunter here. I wonder if they ever feel ashamed of seeing this happen and themselves look like fools for working on that project. Lips sealed

Reality for every crypto project out there is that the owners and advisors dump their tokens once the lock in periods are over. Small-cap retail investors hoping for a 5-10% gain will not be even get that, heck may go into negative values.

I hope some of the hunters actually read these posts before joining another bounty because the last one failed. That cycle is vicious and never ending. The only way to stop it is to shun all bounties and go for bitcoin paying campaigns.

sunsilk

hero member

Activity: 3038

Merit: 634

Are you new to the game of project listings? It's the most expected thing to happen whenever a project has successfully listed to an exchange and they have made the sale finished and reached the expectation that they have set.

They will allow to dump first the investors and probably including the developers as it's their reward. As for the bounty hunters, you'll just look at the price of that token while it's going down while waiting for your tokens to arrive at your wallet.

Ridwan Fauzi

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Quote from: Gaggi92 on October 19, 2020, 11:46:27 AM

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.

Not all of them, there will be some project as well that gives a lot of profit for a bounty hunter. I saw a few days ago there was a bounty program namely DAO project which gives at least $1500 for each participant, seeing the spreadsheet and the DAO's price on coinmarketcap. Meaning, you can still be benefited if you have a good analyst against the project that you promote.

But it is otherwise when you promote a scam project the impact that you get will be two, first you'll never get a profit as you promise before, and second, you will be blamed against many investors who invest in the project. The promotion that you do like through Twitter or other social media it will make an interest for those who see it. They will spend the money to invest in the project with the hope that they will make a profit.

Topic: Upcoming Projects Doing Scam - page 3. (Read 1014 times)