Topic: Upcoming Projects Doing Scam - page 4. (Read 997 times)

Why wouldn't they? It is easy money for them. It is like asking why do muggers mug you in the middle of the street. Those bounty projects take advantage of those naïve (i would rather call them stupid) people who gets hyped by those new "projects". In the process, they use those bounty hunters to promote their project. Once they get enough promotion and people invest in it, they dump their tokens and then exits the project. The hunters and the investors get screwed.
Both the investors and the bounty hunters are to be blamed for encouraging those scammers by investing and promoting their scams.

you're lucky that you still managed to get your tokens even though the project dumps it they still manage to distribute the token some other projects just run away when after the bounty campaign. at the end of the they still the bounty hunters just wasted their time and effort.

Im still lucky that i quit on p2p, i was tempted by the high rewards but my instinct says dont join because it will be a scam. And i think the manager of p2p and youengine is only one.

It is p2pcash project. Have commented on their thread several times as I've seen them dump from about 200+sats to now 9sats. But that scenario is actually not the first time. It has been the norm of most crap alts. Even before distribution, the price already starts to go down, so once the hunters received their share, the price already is at the bottom, you are lucky if you can get few bucks. Nowadays, it is better to join campaigns paying in btc under reputable manager. With that kind of campaign, you are sure that you will be paid every week.

is that p2p  related to p2p exchange ? the name is familar and theres still operating till today with less reports . the other one is YOUengine , is this the one that has a pink logo right ? and related to mcafee?  . if it is well mcafee has already involved on scam projects but hunters still join it because they think that influence of the guy can make the project stand out . dumping of the price is not only the thing that they can do but investors can also do it , its okay if the issue is only dumping of price but if the issue is also not paying the hunters , thats a different story anymore .

Are you New in trading? They already knew that bounty hunters will sell their share so there is no reason for them any more to support the price of their coins since supporting the price or not the result will be the same it will decrease its value .

Plus they  completed what they need from hunters which is making a promotion for them so they will get many investors.

It is difficult to raise money from the bounty at this time, but you can participate in the btc paid signature if you want, but you have to show your skills and gain merit to increase your account position. You would be foolish to take bounty as your first job so you should try another job where you have lots of qualifications.

Its not a question of why but for how long? Maybe you are new to this forum but I have been seeing this for a long time now. These projects have been like that for years, new ones come every week and the same story repeats from another user.

Dude come on now, you expect to get rich by doing some bounty spam? Get a real job. These are nothing but free slavery that you all are doing. Open your eyes and brain if you have any left. Such projects have always attracted low income country users but they are all going to be the same.

You need to forget that you wasted time there and use that as a lesson to never take part in any bounty and teach others the same. If you want to earn money get a real job, you could also take part in the bitcoin paying signature campaigns which are running in the forum.

Not all upcoming and new projects are doing scams there are still legit and valued tokens. For the projects that doing 
dumping its not totally scam its their way to gain profit but if they do not distribute the allocated token as payments/rewards then the said projects are totally scam and still lots of bounty hunters are been affected by it and ruins the overall token values.
The dump and pump process of Token may took place by
Being a investor on a project can gave you the upperhand on obtaining the tokens before its official distribution by these plenty of token holder will be do different way to increase its value by announcing it on multiple channels, including social media. At the same time, they are pumping its price on the market by a coordinated purchasing. As the token's price climbs, other traders, unconnected to the pump-and-dump group, also goes onto the buying spree,and further boosting its price. The process will be continue till the number of token of the pump-and-dump group are being sold on the market.
By this situation the pump-and-dump group will eventually stop on pumping/buying simultaneously, this will causes a huge decrease in its price. While the pump-and-dump group makes profits, other traders, who purchased the coin based on false promises, are left holding losses.

That's why as a bounty hunters once should have the knowledge on the market price circulation and process on cryptocurrencies for him to sell and hold the token on the right time. These way you can unlock the skill of trader.

If you are new to joining bounties, then no surprising you have a feeling like that.

Even back when bounty is alive here, there are already cases wherein projects delays bounty payment.

And even they paid on time, expect that price crash will happen right after the listing. It's a win-win situation. If others didn't receive anything, then that's a scam.

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.

This is old issues that already exist even in Defi projects, after listing on the exchange, that was expected that the price will dump because of the early taker profit, just like you or investors who want to take immediately even it is a small profit.

While promoting those projects that you've mentioned above, you probably know how the potential they have. Because you're promoting them as bounty hunter since the start you must know them already. If so, the judgment is yours if you keep holding the token you had or take quickly your reward after listing on the exchange. For now, almost all projects are in the hype, we can't trust them easily.

There's also a risk even if you're a bounty hunter the same as the investors.

Not a scam literally. There's currently a market. It might that investors take action during the early phase of listing to somehow get the best price they can get when selling. It's pretty normal at most of the projects. And besides, don't expect much for bounty rewards today. You have to understand that your efforts and the time you spend might not be rewarded properly.

Are these projects you mentioned delayed bounty payments. If yes, that unprofessional but not totally a scam.

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.

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.