Post
Topic
Board Altcoin Discussion
Re: Can we stop promoting scam project?
by
Triffin
on 12/11/2019, 19:13:05 UTC
Most of the bounty hunters do not get payment despite their hard working and some gets a little with shit token. Can we prevent it? Just an idea.

What if we everybody stop to promote a project which offers only token?
For launching a project, the project owner or developer should have some money to promote the project. Say for example- they have to escrow a minimum of 40% of the bounty allocation in term of usd or btc. Only then we can prevent scam ico and bounty hunter will get their money. Can we start following this rule?
Either way we can't prevent ourselves from scam ICO. Because scam project will offer 40% bounty allocation then investors will think this is good project and we should invest as much as we can. Results will be same. Although this way bounty hunters could get some money but ultimate loser is the investor. As same think is happening with the cryptocurrency.
I think we cannot stop scams from getting into the market and becoming part of this world but we can stop ourselves from joining such projects. It is not very difficult to locate a scam because the offers are a way to sweet to be real. Wherever there is a big bait, never take it. Crypto currencies are not like bounty programs certainly. We have trustworthy options available. Investors of bitcoin and top altcoins have bright futures.