Quote from: Juwelme@ on September 28, 2022, 07:03:29 AM

Hunter's are looking for bounty campaign for getting rewarded a littile. In todays market a lot of project get scammed for this not only investors but also hunters get scamming. We should prevent this by not promoiting Scam project.

Quote from: Juwelme@ on September 28, 2022, 07:03:29 AM

Hunter's are looking for bounty campaign for getting rewarded a littile. In todays market a lot of project get scammed for this not only investors but also hunters get scamming. We should prevent this by not promoiting Scam project.

Recently I just saw that Bounty Detective lauched a bounty programme Saratoga
This project is managed by Ferox Advisor

First of all, i am not bothered to go in to FRX token. (That's a scam as well for mainly same reasons as Saratonga).

I looked at Saratoga and from the fist look i thought everything looked just unprofessional, but there are some real red flags.

Here are some facts from Saratoga:

They claim they are paying profits from real NFT backed lands, that require "no tax or local evil bureaucracy". This is just absurd. This is not some decentralized bitcoin libertarian dream, they are claiming to build something that's highly centralized with an actual land and agriculture.
I asked if they had KYC and where they are aquiring the land and no, there's no kyc (at the moment), and primarily Turkish.
Since turkey is part of EU KYC is required for something like this because AML laws, not to mention that these would be contracts, and those contracts can't be in in form of permissionless tokens as they would need to be reversable.

So either they are incompetent and don't know anything about legal framework for any of this, or trust that their investors are ignorant, because greedy idiots is a pretty good target group for scamming.

This will most likely going to be a slow rug as they can pretend for a long time that their land wouldn't give profits yet, blame war, blame bureaucracy, weather, pandemic or anything like that and slowly fade away until no one is interested.