A big sign of a bounty scam in recent time.

[TomPluz]

Well, it can be a red flag though it is not automatic that if a project is banning one person in their Telegram account it is already a big scam as there can also be some reasons why a person can be kicked out. In my experience, it is always on the team behind the project, usually those who do not have the credibility and most especially those who are using fake names...those are surely guaranteed factors to look for a possible scam. Right now, DeFi is still getting hotter and soon NFTs can be the talk of the town...and in due time we can see some scam projects playing on this big market.

[Arendra]

The existence of unclear development of the project, the team is not active in answering questions from members. And also a setback in bounty payments. I think this shows a bad project and could be a scam.

[Freemind]

@Arendra those are some of the first symptoms always, the really sad thing is that even so there are people who believe in this project without thinking for themselves, that is another big problem, people who believe everything they are told.

[bitbit97]

The existence of unclear development of the project, the team is not active in answering questions from members. And also a setback in bounty payments. I think this shows a bad project and could be a scam.

True. Sometimes it is funny to read how the team (or at least telegram group admin or forum representatives) can not answer simple project related questions. Or team being rude when questioning them.

I remember asking total token supply, as whitepaper was under development (first sign, huh) and on the webpage there where no info. Admin in telegram told me "to google it"...

[MishaSER]

The existence of unclear development of the project, the team is not active in answering questions from members. And also a setback in bounty payments. I think this shows a bad project and could be a scam.

Do such projects exist? For the last 4 months that I have been participating, I have not noticed such projects. Of course, what you say is a bad sign, but there are specific examples of such projects.

[pelana vreo]

We have to be careful when choosing a project, don't let our time and money be lost because of a fraudulent project, always be vigilant and I think the project must have a clear road map so that the team can provide good product details if the project really has a good product. real, they don't need to do that, just a fake project will do that and they will immediately get the karma from the action they did.

[Sirait]

Many of us had learnt some of the signs of a possible bounty projects scams, like no or poor white papers, identity of project team members etc, but I think that the biggest sign of a bounty scam is the hunters telegram ban by project team for speaking out about the coin/token distributions. I have experienced this situations severally and I think that it is the biggest sign of a bounty scam in recent times. What do you think?

^ I also very often experience events like this, for example, the ZAC token campaign, in the telegram group the developers say that the hunters have no impact on their campaigns, so they won't distribute the reward. these things were the daily diet of the hunters "lol"

[jhm]

Many of us had learnt some of the signs of a possible bounty projects scams, like no or poor white papers, identity of project team members etc, but I think that the biggest sign of a bounty scam is the hunters telegram ban by project team for speaking out about the coin/token distributions. I have experienced this situations severally and I think that it is the biggest sign of a bounty scam in recent times. What do you think?

Plenty scams over on Telegram, remain vigilant always...spam becomes unbearable

[MrSpasybo]

Recently, the CMT token, one of the projects running a bounty campaign on ALTS forum, also banned me from their Telegram group chat when I asked for information about the project team. Then I couldn't access their website either, and now it seems CMT is very easy to be a project scam.
Sometimes this can't claim to be a scam project, but the project team overreacted when asked about important project-related issues such as the token price, the future of the project, to Project staff, partners... It is very suspicious.

In addition we can also check out their website, documents & partners. In particular, if the project team does not appear in AMAs or crypto/blockchain events, I think we should not be interested in that project.

[Rozik]

In some cases, yes it is. But basically the sign that you are in scam project is they offers cheaper price with promising promises. Scammers will use the psychological approach to attract buyers. They are inconsistent, no transparency, and leave the tg for any seems valid reasons. Beware for that kind of tactics.

I recommend if you are not sure if they are scammers, much better to buy just small amount. Do not put whole of your asset in unknown project. Do not put your trust to wavering team. Be wise enough to protect your funds.

Remember:

• Clear whitepaper is a must.
• Transparency is a must.
• Consistency is a must.
• Social pages, Linkin, youtube, with daily(if possible) updates is a must.

Without the mentioned above could be a clear scam. Exit immediately and don't trust your guts if there's already a clear manifestation that you are in scam team.

Thank you very much for the information. I added this to my notes. From this topic, I also learned a little new for myself

[LaZim]

 I still haven't figured out what the scam is. That you were banned from the main telegram group for asking about bounty distribution? In any project, it is said that you can not talk about bounty, in the main chat of the project. Why didn't you write down which company you were involved in and which chat you were banned from?

[Unbunplease]

The main thing to pay attention is to understand whether a blockchain is needed in this project.  If project can do perfectly well without blockchain, then this project is usually doomed to failure.

[Bit]

Well, bounty scam is always everywhere whatever we want to avoid. Sometimes, they really have a very interesting and great package of the bounty, but it turns into scams. I personally will only follow the trusted BM and also project that is really valuable, making good research on it and try not to be interested in very promising rewards.

[Lanirex]

Actually we can minimize getting caught up in a scam Bounty campaign by studying the project from the start, but this is not an easy job.  Because often we see a good project at the beginning but in the end a scam behind.  So we have to be able to accept whatever happens with the Bounty project that we are participating in, but of course our hope is that we get a suitable payment.

[Shahinaz]

Hunters are not allowed to ask for tokens in the core group, is not that there has always been a rule from me, I know the bounty has also read the rules,
however If the project team does not enable comments on telegram, I think the project is a scam. I think
They are not ready with lots of questions from community members, lots of questions about products and a list of coins in the next exchange.
this is where the patience and professionalism of the team will be tested, so that we will know which projects are cheating