Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: msz900 on June 12, 2021, 06:48:57 AM
-
Greetings Altcoins Users,
For a very long time, I am seeing the Bounties, ICO, and Airdrops are offered by the new Coins, and every one of them claims that they are trying to make the crypto world really useful, bla bla, but in the END many of the companies are disappeared and the reward they offered become dumped. I have only seen a few of the Bounties/Airdrops/ICO that is legit and they maintain their coin price but most of the reward coins, when reached to the user wallet become useless and users can't be able to take benefit from it also they can't be able to even sell it.
So, is there a way to control it, like What if the owner has to forced to send the reward when they launched the coin on the exchange because sending the coins after 2/3 months, reduce the price of the coins and most of them are even dumped.
Please provide suggestions, that it can be possible or not?
-
The reason why some projects may delay the release of the coins or tokens due to those who participated in the bounty promotional campaigns is because they want to avoid the dumping as most bounty hunters tend to sell their share when they got them. So this has become like a solution to the problem of dumping, but we know that it is not actually that effective as dumping can happen anytime even without the hunters. So what I am saying is that we are in an industry where most projects are just start-up and just ideas - only a few are actually working and solid, so we can never expect their tokens to be really valuable. Of course, there are a few exemptions to this.
-
IMHO, I dont think we can do anything about that problem, the crypto projects can be developed by anyone who has enough expertise and resources to do it, that's why crypto projects will continue to rise as long as the market was still functioning. And regarding bounties and airdrops, each and every one of us should read first the campaign rules, terms and conditions apply, and all important information about the campaign so that anyone can decide if he/she wants to participate or not. and if we accept the terms then we must endure all of the outcomes that might be encountered along the way.
-
I dont think it is possible to control or regulate aiordrops and bounties. But one thing that the bounty managers can do to prevent the projects not distributing their tokens is that, they can take the tokens before launching the bounty or airdrop and distribute it after the end of the campaign. This is mostly needed for high amount of bounty reward.
-
How can we control them? We don't have such an organization to control the projects of cryptocurrency and there is also no need to do it. As we know that there are two types of new projects: scams and also legit.
That is why we must be more and more selective, smarter and also careful when choosing the bounty from projects that are really legit.
-
Yes, we cannot control bounties, airdrops, and also new projects. Even they are scammers or not, we may not be really exact from it. Moreover, they claim that the [price of the new tokens are commonly ending up as shit tokens, like what other members uttering. Adn we cannot stop them
-
Who can control airdrops, bounties, or ICOs? All crypto forums? Or an institution?
I think these are difficult to control. Crypto world is a decentralized ecosystem, I never think of any ways to control it. Crypto world will lose its decentralization if there is an institution to control ICOs, IEOs, bounties, or airdrops. It is not the same as banks which can be controlled by the government, mate.
-
Nice to meet you msz900
As we have seen from 2017 to date, no one can control the price of new coins when they have just completed the ICO and Airdrop, the step that needs to be taken is for developers to partner with exchanges and provide staking services, so there will be no dumps and prices are a bit stagnant.
Referring to your Qa about the control and loss of team members when the ICO is over, I once thought what if there was a trusted institution to prevent such a thing from happening, but I didn't see it, even when Nauticus exchange took all investors' funds from ICO proceeds in 2018, no there is a definite legal ruling about it.
-
Yes, we cannot control bounties, airdrops, and also new projects. Even they are scammers or not, we may not be really exact from it. Moreover, they claim that the [price of the new tokens are commonly ending up as shit tokens, like what other members uttering. Adn we cannot stop them
Only the state and its bodies can effectively monitor the fulfillment of their obligations to investors and members of ICO bounty campaigns, if they introduce something similar to licensing this type of activity. Investors and bounty hunters are virtually unable to control the progress of the ICO and therefore we often fall for various tricks of scammers who sometimes do not pay us for our work or run away from the collected funds, leaving their new tokens useless. This issue had to be resolved since 2017, but so far the states are in no hurry to regulate this type of activity.
-
Delaying the bounty payment and airdrops has become a natural way for ICO owners to control the market price after listing. This is to prevent dumping making their coins become shitcoins as we all know that some bounty hunters will surely sell the rewards of their hard work, but this will fuel the possible dumping. So for me, delaying is better than not paying the hunters at all, but we must choose a good bounty project like the weekly payment scheme.
-
We don't have such an organization to control the projects of cryptocurrency and there is also no need to do it. Even they are scammers or not, we may not be really exact from it. We need to be more selective, smart and careful when choosing a project because the project is really legitimate.
-
They are doing Business, where is the profit they seek. And from their way, there are honest and there are also scammers, so before we participate in Bounty, Airdrop, ICO and others in this Cryptocurrency Business, we must do further research. So that our money is not lost and our work is not in vain.
-
As long as the general cryptocurrency is still a free space, nothing can really be done with regards to regulation and these new coming projects will continue to test out their products whether they will hold or not. They can only send to exchange wallet if some hunter uses such wallets only if they are already listed in those exchanges and since most of them have not really listed in any exchange as at the time of all these bounties and distribution, that cannot also happen.
Engaging in everything related to crypto is usually out of luck to me.
-
Straight forward. Do not expect all of ICOs, bounties and airdrops are profitable.
Scammers will never show their real bad intentions.
Seldom to find profitable airdrops and Bounties.
Note: Invest what you can afford to lose. DYOR
-
Straight forward. Do not expect all of ICOs, bounties and airdrops are profitable.
Scammers will never show their real bad intentions.
Seldom to find profitable airdrops and Bounties.
Note: Invest what you can afford to lose. DYOR
Right, we knew IDO sites offers good projects for investors but recently Zenchain, Bisonpad gone after raising fund from investors. Most of the new projects are now turned into scams. Only a few projects are real in the crowd of scam projects. Bisonpad, Zenchain scammed my investment including investors. Same opinion for bounties and airdrops. Few bounties paid but most of it don't pay the hunters.
-
This is a big problem for hunters, but even reputable and famous bounty managers like Bounty Detective cannot guarantee the success of a project or bounty campaign. The only way we can do it is to find potential projects, good Bounty Managers and claim escrow tokens.
-
I believe that it is necessary to control the ICO, because this is where people invest their investments, and I would like to see transparency and legality, but I do not think that it is worth controlling the bounty , because it is all exclusively at the request of the hunter to participate, and for this they usually do not invest anything.
-
Right, we knew IDO sites offers good projects for investors but recently Zenchain, Bisonpad gone after raising fund from investors. Most of the new projects are now turned into scams. Only a few projects are real in the crowd of scam projects. Bisonpad, Zenchain scammed my investment including investors. Same opinion for bounties and airdrops. Few bounties paid but most of it don't pay the hunters.
Nothing is certain in crypto even IDO has been infiltrated by scammers. this is the risk. I participate in Bisopad's bounty because they offer top coin payout.
-
IMHO, I dont think we can do anything about that problem, the crypto projects can be developed by anyone who has enough expertise and resources to do it, that's why crypto projects will continue to rise as long as the market was still functioning. And regarding bounties and airdrops, each and every one of us should read first the campaign rules, terms and conditions apply, and all important information about the campaign so that anyone can decide if he/she wants to participate or not. and if we accept the terms then we must endure all of the outcomes that might be encountered along the way.
What if the Forum, where those bounties are posted restricts bounties to launch/list it First on good/reputable exchanges like Binance, or any other? If such restriction applied then the bounty posted here will worth something, and the coin will never be dumped soon because exchanges charge high fees to list a coin.
-
Greetings Altcoins Users,
For a very long time, I am seeing the Bounties, ICO, and Airdrops are offered by the new Coins, and every one of them claims that they are trying to make the crypto world really useful, bla bla, but in the END many of the companies are disappeared and the reward they offered become dumped. I have only seen a few of the Bounties/Airdrops/ICO that is legit and they maintain their coin price but most of the reward coins, when reached to the user wallet become useless and users can't be able to take benefit from it also they can't be able to even sell it.
So, is there a way to control it, like What if the owner has to forced to send the reward when they launched the coin on the exchange because sending the coins after 2/3 months, reduce the price of the coins and most of them are even dumped.
Please provide suggestions, that it can be possible or not?
Many people tried to control by burning coins but at the end of the time they can't achieve the goal . I don't appreciate it that doesn't mean . The fact is if the coin maker try to control together and maintain some definite rules than it possible
-
Here i will say last painful bounty which was STC( Students coin). Everybody was in hope for this bounty and coins as team was perfect and coin price also are in good situation. But what happened at the end? Team did not pay STC tokens to bounty hunters. Many men did many plan with STC token but end of the day its zero. Actually no one can control team or complain against team as its decentralized platform so we have to do bounty just with trust, nothing else.
-
Here i will say last painful bounty which was STC( Students coin). Everybody was in hope for this bounty and coins as team was perfect and coin price also are in good situation. But what happened at the end? Team did not pay STC tokens to bounty hunters. Many men did many plan with STC token but end of the day its zero. Actually no one can control team or complain against team as its decentralized platform so we have to do bounty just with trust, nothing else.
I don't quite agree with you. In fact, an agreement is concluded between the participants of the bounty campaigns and the project team for the provision of services for advertising the project and, as in every civil contract, its observance by the parties must be protected by the laws of the state at the place of registration of the project team. Over the course of a certain time, the cryptocurrency will be legalized and the participants of the bounty campaigns will receive legal protection and legal protection. Then there will be no direct deceptions by the project #DevelopmentTeam . In any case, it will cost them dearly.
-
There is no way to control all these projects, nobody controls the cryptocurrency, so these projects are also uncontrolled. This is if only in our dreams, if there was an organization that would control them, but there are none and apparently will not be, at least I do not understand how they can be controlled. The best control over such projects is on the part of users, who, when analyzing, identify sky projects.
-
Bounties, airdrop and ICO can be controlled by Cryptocurrency forum head, because they are the one that should be in the forefront to make sure that what comes into forum as bounty,airdrop should be monitored properly to avoid people getting scammed because if you check many airdrop channels are full of scam project,even me personally I have been victimized of all this airdrop bounty campaign scam project.
-
Being in anonymous place or decentralized group of business means we're dealing with unknown people and cannot guarantee the success from bounties, airdrops, and icos. To be honest even the honest team developing unique project are not sure to hit big achievements. We join with risks.
-
Seriously I really understand what you feel there are lot's of scam projects now where by after bounty some will pay some coins that don't really have value and can't be sold why some won't even pay. I don't believe they can stop any bounty, airdrop or ICO. But I believe only our bounty managers can help us by making sure the reward they will pay hunters are always in stable coin and they should always make sure it is escrow.
-
Unfortunately, that is the situation we have find ourselves. this compliant has been hanging on for so long with limited or No answers provided. No one has been able to provide answers regarding scam projects conducting bounties and Airdrops. most use such avenue to build their social media platform and scam people that are not ware. i have been affected several times.
-
Here i will say last painful bounty which was STC( Students coin).
Many people are disappointed with STC, myself included. STC is a successful project, but they have committed a huge fraud. If we can control all Crypto, Bounty, Airdrop, ICO and other projects, we will get a lot of benefits. But unfortunately we can't do that, good team, good project All can't be a guarantee.
-
This is of the difficult question that I sometimes ask my self, which I don't normally find answer for, that I did not later always gets. So to me I felt that one just Need to be extra careful sometimes, to me if I have noticed bla bla, will not complete that project, so that it will be win win
-
IMHO, I dont think we can do anything about that problem, the crypto projects can be developed by anyone who has enough expertise and resources to do it, that's why crypto projects will continue to rise as long as the market was still functioning. And regarding bounties and airdrops, each and every one of us should read first the campaign rules, terms and conditions apply, and all important information about the campaign so that anyone can decide if he/she wants to participate or not. and if we accept the terms then we must endure all of the outcomes that might be encountered along the way.
So this is to say that after reading everything that was posted on the bounty page for a project like Student Coin that obviously states that hunters will be paid with the STC token and now turn around after the whole work has been done and obviously SCAMMED hunters of their pay shouldn't be taken seriously? I know we all understand that this Project owner now know that what ever they do, they can get away with so we are beginning to see more and more projects default in their initial proposal at the beginning of the Bounty to what they eventually pay out ans some of them now dont even pay after the work has been done all because they know they can get away with it.
-
Being in anonymous place or decentralized group of business means we're dealing with unknown people and cannot guarantee the success from bounties, airdrops, and icos. To be honest even the honest team developing unique project are not sure to hit big achievements. We join with risks.
Participants in bounty campaigns always do their job at their own peril and risk. Almost any new project can turn out to be fraudulent, even if it initially started out as promising and with an honest team. In the process of work between the members of the team itself, disagreements can occur and someone can escape from the collected amount, as has happened more than once.
Therefore, the most reliable thing would be if the relevant state body checked the documents of such a team, made copies of them and made registration. When the team members of the new project were known, they would approach their work and its results more responsibly, and illegal actions could be immediately suppressed by complaints from interested parties.
-
When the tokens from the airdrop and ICO proceeds are not listed on the exchange, then it is a scam, I say this because the developers have the money from the token sale and they can add some liquidity on the Dex exchange, no one controls the ICO or Airdrop, because we have seen several an official report from a new project which says that the project team is not responsible for their chosen investment and I think we see that risk all the time so always do your research and don't easily invest in new coins
-
Controlling the ICO, Airdrop and Bounty depends on the #DevelopmentTeam because the #DevelopmentTeam is the one who has the power over the coins it creates and surely the developer team who has big funds will immediately pay each participant.
It is difficult for all #DevelopmentTeam s as I have mentioned because I am sure there are also #DevelopmentTeam s that have large funds and some who have little, so it is wiser to participate in Airdrops, Bounties and ICOs.
-
I dont think it is possible to control or regulate aiordrops and bounties. But one thing that the bounty managers can do to prevent the projects not distributing their tokens is that, they can take the tokens before launching the bounty or airdrop and distribute it after the end of the campaign. This is mostly needed for high amount of bounty reward.
This can be possible only if there will be an enforceable regulations that will be passed by the government especially in the USA. But then again, there are so many ways we can avoid regulations and for sure many project would just claim that they are not under the jurisdiction of the USA. There is a big problem here and the acceptable solution is not coming. the best thing to do is never to shell out real money to support a project because it would be so hard to determine which will success and which will just be thrown into thrash bin.
-
Yes, there should be some sort of a guaranter or third party that makes sure the rewards are distributed to all eligible bounty hunters. Recently i did myid signature campaign, the project looked good but they have not sent me any reward tokens which feels really discouraging.
-
The regulators could mandate specific requirement while launching the ICO, giving specific guidelines for the valuation of the ICOs, etc. The categorization of the tokens is imperative to protect the consumer and regulate the market forces from market manipulation.
-
Yes, there should be some sort of a guaranter or third party that makes sure the rewards are distributed to all eligible bounty hunters.
Well, that's not the solution in fact another problem.
At first, each of us know that we are at risk as all ways. But of course it is not an excuse to fall every now and then into the dens of vain. Much better that the manager hold the token so the only issue is distribution date.
-
There are many things that affect the success of bounty campaign: the credibility of project, the success of token-sale, the credibility of Bounty Manager… In my opinion, when crypto has large organizations managing Token-Sale conducting then we will have better and safer bounty campaigns, at least hunters can avoid scam campaigns.
-
Actually I agree with this both bounties and ICO"s airdrops should be controlled by the team as a members in a cryptocurrencies but it depends the projects launched to the market which is be a valuable for all hunters joined in the groups to advertised the products success and I believe it will beyond in the higher position as a team in the blockchain.
-
Welcome to crypto, the home of the Wild Wild West. With little or no regulation, the world of crypto would be a hotbed of all sorts of malicious actors who would rip off the next person
-
Welcome to crypto, the home of the Wild Wild West. With little or no regulation, the world of crypto would be a hotbed of all sorts of malicious actors who would rip off the next person
Bad side and good side is in between the line. Crypto is the place to earn, investment, opportunity, quick rich (seldom), and of course the shitty scam tokens and scammers.
We play individually to avoid so much dependent to others as it is possible that for being dependent we will blame them. That's why it is necessary to have right awareness and perspective.
-
Greetings Altcoins Users,
For a very long time, I am seeing the Bounties, ICO, and Airdrops are offered by the new Coins, and every one of them claims that they are trying to make the crypto world really useful, bla bla, but in the END many of the companies are disappeared and the reward they offered become dumped. I have only seen a few of the Bounties/Airdrops/ICO that is legit and they maintain their coin price but most of the reward coins, when reached to the user wallet become useless and users can't be able to take benefit from it also they can't be able to even sell it.
So, is there a way to control it, like What if the owner has to forced to send the reward when they launched the coin on the exchange because sending the coins after 2/3 months, reduce the price of the coins and most of them are even dumped.
Please provide suggestions, that it can be possible or not?
All strategy apply by some of theses bounty projects campaign are planned to safeguard coin,/token dump. However, one of the best ways to handle bounty distributed coin/tokens against dumping is just for these projects team to make adequate provision for coin marketing and promotions, because the bounty distributed coin/tokens is not the only reason for a coin dump on the market.