Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Forum related => Forum Announcements => Topic started by: admin on December 30, 2018, 01:27:33 AM
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As you might know a big percentage of ico projects are scams, and a big percentage fail to raise the needed money thus cancel any distribution.
To remedy this, we launched our crypto community token ALTT ATT, which will be used to compensate the bounty and airdrop hunters when the projects they join fail. (Support of initial projects is required)
this way, we make sure bounty hunters and airdrop hunters are not cheated, and left with nothing
However,
The picture is not complete unless we address also some of the bounty and airdrop hunters that deceive the ico & crypto projects. They do that by creating multiple accounts on forum and social media. And succeed in creating useless accounts on Twitter and Facebook ... accounts that offer no real value. This is often done manually but sometimes also done in an automated way thus the name bots.
These types of people hurt ICOs a lot, as some of them control hundreds of accounts, and can collect huge amount of tokens as bounty. They dump the tokens once listed and crash the token price.
They have a big role in the ico investing decline/ especially coupled with a bear market.
We would like to create a safe ecosystem, where both the ICO projects and the hunters will not feel deceived... that's why in addition to the introduction of the ALTT ATT token, we are also launching KYC section, and we are doing our best to get as many users to do a full KYC or semi-KYC.
Our KYC initiatives:
Full KYC or semi-KYC(share only partial info with us) for forum users:
https://www.altcoinstalks.com/index.php?topic=69556.0