Why I Don't Do Bounty Campaigns & Why You Shouldn't Either

Lanatsa

hero member

Activity: 2856

Merit: 655

Quote from: ?? on ??

Quote from: Lanatsa on August 22, 2019, 01:48:48 PM

Quote from: djselery on August 21, 2019, 05:41:20 PM

It is sure that bounty hunting isn't as profitable as a few years ago, and that so many ICO projects are just either scams or giving away worthless tokens, but there is always good projects which have potential to succeed in the future, and participating in their bounties would be profitable surely.
To distingue these projects, you have to spend some time first in studying carefully the project (The whitepaper, the team, the product..)

Finding this good projects would just like finding a needle on a haystack.I'll say that out of 100 projects there would be only 3-5% which would succeed into hitting to exchangers

and majority of them would just simply die and past away then owners will just simply create another coin and repeat the same process until they would gain sufficient fool investors and then becomes scam and repeat once again.

Call them as scammers,but they will never get vanished as long as people are waiting to invest on these useless projects.

Bounties getting fae away due to another reason called IEOs so bounty hunters are simply wasting their time for few bucks which really doesn't worth doing.

Well you got some point on here which is actually true where this kind of thing will continue as long there are people who do continue to keep funding fraud projects.
Scammers will just rinse and repeat as long they can able to make money.No matter how many times we do able to make up some warning but people never ever learn
as long they haven't experienced on losing money even to those who already experience does still continue to put up money.With IEO existence this ico scams is somewhat being
reduced and I'm wondering if there would be an another new IEO hack would exist for some time like exchange of said ieo comes to a completely scamming incident or purely some very obvious price manipulation.

Dakijon

jr. member

Activity: 32

Merit: 3

Quote from: ?? on ??

Quote from: tukagero on August 22, 2019, 11:12:02 PM

Not all bounty campaigns are scam but only few of them is good. Better to research first before joining in a bounty campaign, most of the project these days use fake profiles just to have good feedback and to attract investors.

Agree, not all bounty campaign is a scam but, if a scam more than 100 million it will sound a lot. In the current trend choosing the right bounty is very tough and companies are using fake profile to cheat the investors.

Some of bounty campaign not only get money from investor. other of them use campaign for growing up them social media follower like twitter, facebook, linkedin and etc.. and do task for bounty hunter to bumping up they statuse.

vanmoreno

jr. member

Activity: 359

Merit: 1

this is what makes investors run away and frustrates investors to invest in a token or coin sales program. so this is the type of fraud that I often experience in prize programs, so I think you should be more careful to take part in prize campaigns

undergroundartpal

newbie

Activity: 39

Merit: 0

I'm learning a lot from this thread.

I'm working on an art project that will offer a bounty in ETH (a % of the profit for a successful referral) via an exchange (IEO). Even though, due to the nature of the project, only one person per piece of art issued can collect, at least it's guaranteed and not paid in a token that may only come out to a few cents, if that.

I'm hoping that bounties like this involve less shilling and more targeted efforts. Many of the ones I saw in the past with ICOs seemed to encourage outright spamming. I figure it's the last thing anyone wants associated with their project no matter how big or small.

pinkpanther03

hero member

Activity: 1092

Merit: 501

Quote from: richcorner100 on February 22, 2019, 12:00:01 AM

Bounty campaign only profitable in 2017 and in the beginning of 2018, and after that this job not really promising good reward because too many ICO that has low quality product. So ICO market turn in to low demand and the trend of crypto market also in bearish mode. Bounty campaign maybe profitable job again if the market back to bullish trend.

Almost all bounties on 2017 are really profitable, then when 2018 came up the good image of ICO was little by little damaged by those scam ico, were most of it turned into nothing til reached the last month of 2018, now when 2019 came up IEO rise up and became trending where most of the investors and bounty had finally found an alternative way to get profit and ICO also became good compared to 2018.

ruski

full member

Activity: 350

Merit: 100

I agree that finding a legitimate and promising bounty campaign is nowadays really hard, but despite that, I still work with bounties after studying the project and I select carefully the most promising projects and not joining any bounty. If the project is good, then its bounty reward will be valuable as well.

Jackblack90909

sr. member

Activity: 552

Merit: 250

It is sure that nowadays there are a lot of scams among the ICO projects, but quitting bounty hunting, for this reason, isn't convincible for me at least. You have only to take a good time studying the project and making sure of its value and quality before joining its bounty. If you quit, you are missing the chance to make large profits with the legal bounties.

leea-1334

hero member

Activity: 2240

Merit: 953

Temporary forum vacation

After all these months of complaining about "doing hard work" why are still fixated on doing bounties if we are not happy with the outcome?

For me, it is always about delivering value and quality.

I gave up doing the bounties long ago that just required you to shill. Instead, use a service you like so you also become an ambassador for it. Then you feel good talking about something you like, you also feel confident, and the project feels you bring value. Then they return to you the value as rewards and incentive. Make it a win-win instead of win-lose.

tukagero

full member

Activity: 994

Merit: 103

Not all bounty campaigns are scam but only few of them is good. Better to research first before joining in a bounty campaign, most of the project these days use fake profiles just to have good feedback and to attract investors.

numanoid

legendary

Activity: 1890

Merit: 1148

Quote from: Chaki #diarize on August 16, 2019, 05:42:20 AM

As you know all bounty campaign and all new projects is risky, as for crypto investment is risky, all you have to do is a back up plan.
Join some Airdrop for free, or join a campaign wherein you don't need too much time to finished the task, like content creation campaign, as you can join as many as you can as long as your are qualified.

Don't just give up, everyone here has already experience worse than this...

Let see some of your suggestion,

Quote from: Lanatsa on August 22, 2019, 01:48:48 PM

Finding this good projects would just like finding a needle on a haystack.I'll say that out of 100 projects there would be only 3-5% which would succeed into hitting to exchangers

Google IEO and you will know if almost all IEO token will be sure to be listed on exchange sites, eg Bittorent

Lanatsa

hero member

Activity: 2856

Merit: 655

Quote from: djselery on August 21, 2019, 05:41:20 PM

It is sure that bounty hunting isn't as profitable as a few years ago, and that so many ICO projects are just either scams or giving away worthless tokens, but there is always good projects which have potential to succeed in the future, and participating in their bounties would be profitable surely.
To distingue these projects, you have to spend some time first in studying carefully the project (The whitepaper, the team, the product..)

Finding this good projects would just like finding a needle on a haystack.I'll say that out of 100 projects there would be only 3-5% which would succeed into hitting to exchangers

and majority of them would just simply die and past away then owners will just simply create another coin and repeat the same process until they would gain sufficient fool investors and then becomes scam and repeat once again.

djselery

legendary

Activity: 1386

Merit: 1001

It is sure that bounty hunting isn't as profitable as a few years ago, and that so many ICO projects are just either scams or giving away worthless tokens, but there is always good projects which have potential to succeed in the future, and participating in their bounties would be profitable surely.
To distingue these projects, you have to spend some time first in studying carefully the project (The whitepaper, the team, the product..)

Chaki #diarize

newbie

Activity: 20

Merit: 0

As you know all bounty campaign and all new projects is risky, as for crypto investment is risky, all you have to do is a back up plan.
Join some Airdrop for free, or join a campaign wherein you don't need too much time to finished the task, like content creation campaign, as you can join as many as you can as long as your are qualified.

Don't just give up, everyone here has already experience worse than this...

NewStakes

newbie

Activity: 5

Merit: 0

Quote from: CryptoGenius10 on February 21, 2019, 09:39:33 PM

So a few months ago I did some bounty work for a company called Swachhcoin. Like many of you, I spent countless hours developing and creating posts that highlighted key features of the platform. Fast forward several months...they tell all of us bounty campaign participants that we will have to pass KYC to receive the NEW swachhcoin tokens (SWACHH). My previous Swachhcoin tokens (SCX) are now worth $0 and I will have to do KYC to get my new usable tokens. Also, they set a monthly limit of how many tokens we can sell. We will receive 10% each month to prevent dumping. I like this idea, but NONE of this was presented during the bounty campaign period. I also bought 2 ETH worth of tokens and they've delayed the project at least 2 times! To me, this is unprofessional, ridiculous, and outlandish. Sorry for the rant, but this is the exact reason I've been slowly putting my money into projects that I think have a future. I'm trying to stay away from the bad apples and put some leftover money aside into Bitcoin, Nauticus, Ethereum, EOS, and even XRP.

CryptoGenius10, Your cautionary tale brings you closer to becoming an actual Crypto Genius. "Unprofessional, ridiculous, and outlandish" is better than 100% criminal.

Lanatsa

hero member

Activity: 2856

Merit: 655

Quote from: pinkpanther03 on August 12, 2019, 12:37:10 AM

Quote from: CryptoGenius10 on February 21, 2019, 09:39:33 PM

So a few months ago I did some bounty work for a company called Swachhcoin. Like many of you, I spent countless hours developing and creating posts that highlighted key features of the platform. Fast forward several months...they tell all of us bounty campaign participants that we will have to pass KYC to receive the NEW swachhcoin tokens (SWACHH). My previous Swachhcoin tokens (SCX) are now worth $0 and I will have to do KYC to get my new usable tokens. Also, they set a monthly limit of how many tokens we can sell. We will receive 10% each month to prevent dumping. I like this idea, but NONE of this was presented during the bounty campaign period. I also bought 2 ETH worth of tokens and they've delayed the project at least 2 times! To me, this is unprofessional, ridiculous, and outlandish. Sorry for the rant, but this is the exact reason I've been slowly putting my money into projects that I think have a future. I'm trying to stay away from the bad apples and put some leftover money aside into Bitcoin, Nauticus, Ethereum, EOS, and even XRP.

First, I'm sorry about your bad experienced, the only things you could do now is accept what happened to you, and move on.
In fact, until there some project still implementing 10% each month and they have 1 reason for it to avoid dumping which is they are saying or blaming bounty hunters is the responsible for dumping were it is not right of thoughts. So if the bounty have that kind of rules, well I guess never join in it, just simple as that.

Rules can be altered anytime as they like so you wouldn't know if the initial rules is fixed or not until on the end.So its still a risky thing on putting all of your hardwork to waste.

There's no other thing you can do but to move on and better luck next time on finding a good project to join on this is why researching is crucial when you are just searching up.

pinkpanther03

hero member

Activity: 1092

Merit: 501

Quote from: CryptoGenius10 on February 21, 2019, 09:39:33 PM

So a few months ago I did some bounty work for a company called Swachhcoin. Like many of you, I spent countless hours developing and creating posts that highlighted key features of the platform. Fast forward several months...they tell all of us bounty campaign participants that we will have to pass KYC to receive the NEW swachhcoin tokens (SWACHH). My previous Swachhcoin tokens (SCX) are now worth $0 and I will have to do KYC to get my new usable tokens. Also, they set a monthly limit of how many tokens we can sell. We will receive 10% each month to prevent dumping. I like this idea, but NONE of this was presented during the bounty campaign period. I also bought 2 ETH worth of tokens and they've delayed the project at least 2 times! To me, this is unprofessional, ridiculous, and outlandish. Sorry for the rant, but this is the exact reason I've been slowly putting my money into projects that I think have a future. I'm trying to stay away from the bad apples and put some leftover money aside into Bitcoin, Nauticus, Ethereum, EOS, and even XRP.

First, I'm sorry about your bad experienced, the only things you could do now is accept what happened to you, and move on.
In fact, until there some project still implementing 10% each month and they have 1 reason for it to avoid dumping which is they are saying or blaming bounty hunters is the responsible for dumping were it is not right of thoughts. So if the bounty have that kind of rules, well I guess never join in it, just simple as that.

lienfaye

hero member

Activity: 2912

Merit: 629

I also participated in swachhcoin social media campaign and experienced the same way too, up to now I didnt get profit from my tokens and its disappointing.

However thats really the nature if you join in bounty campaign, some may succeed and others are not thats why its important to participate only to projects that will likely to give us profit. It will happen if you've done your part by doing a research before deciding to participate because many scam projects are also existing nowadays.

numanoid

legendary

Activity: 1890

Merit: 1148

Quote from: superving on August 10, 2019, 07:31:15 PM

I have horrible past with bounties and even with last, doing task almost everyday but it the end the project went to scam, the team members silently exit scam taking along the money they raised during the ico

Why do you still join on another scam token ICO then right now? Joined on their bounty for some months (up to 6 months), did all the work, but in the end you will only get paid less than 10 dollar or even nothing, it's just waste your time.

superving

full member

Activity: 938

Merit: 101

I have horrible past with bounties and even with last, doing task almost everyday but it the end the project went to scam, the team members silently exit scam taking along the money they raised during the ico

lornadane

full member

Activity: 529

Merit: 101

Thank God, I stopped working for the swachcoin Bounty. I don't know how many times they brought bounty campaigns and kept extending. The project looked good, but the team and their work strategy were ridiculous! The crypto market is not good for the bounty hunters, they are working continuously but at the end, they are getting peanuts. Many people stopped working in bounties, and it is natural. No one wants to spend their valuable time before nothing. The crypto market needs to be improved well to make good money from the bounties.

Topic: Why I Don't Do Bounty Campaigns & Why You Shouldn't Either (Read 18287 times)