Altcoins Talks - Cryptocurrency Forum
Further Discussions => Reputation, Scams & Phishing => Topic started by: BountyDetective on May 24, 2021, 09:30:37 PM
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The Student Coin team has not been responsive to our requests regarding paying additional bounty rewards. We gave them 5 hours to begin the distribution. They will not change their mind, so waiting for 5 hours is unnecessary.
We now have no choice but to raise a vast scam announcement about them.
If the appropriate rewards are not distributed, we will conclude that the Student Coin team is trying to scam our community and us by not keeping their promise to distribute the total bounty rewards.
Screenshots of Conversation with Student Coin's CEO:
First Screenshot (https://i.imgur.com/lDgnf1e.jpg)
Second Screenshot (https://i.imgur.com/X3hCiTy.jpg)
Third Screenshot (https://i.imgur.com/BrDmKyh.jpg)
Fourth Screenshot (https://i.imgur.com/izH3C6e.jpg)
Before launching the bounty, they promised that the rewards would be distributed two weeks after the bounty comes to an end. However, they only distributed less than 1/3 of the total allocation yesterday after our persuasion.
Our team reached out to them today on the need to pay additional rewards, but they have bluntly refused.
We're here to support the fair players in the space. Dishonest actors should not be encouraged to affect that with their influence and make the sector unfair for everyone.
To conclude up, we recommend reporting their
Telegram group (https://t.me/studentcoin) and channel (https://t.me/alkstudentcoin)
Twitter (https://twitter.com/studentcoinorg)
Facebook (https://www.facebook.com/studentcoin.org)
LinkedIn (https://www.linkedin.com/company/student-coin-worldwide/)
Reddit (https://www.reddit.com/r/Studentcoin/)
Discord (https://discord.com/invite/sqE3Dzc)
Instagram (https://www.instagram.com/student.coin.world/), as a scam.
Furthermore, please report them to Telegram Scam Team (https://t.me/notoscam).
Also, please report them as a scam to CoinMarketCap by this link (https://support.coinmarketcap.com/hc/en-us/requests/new?ticket_form_id=360000562051).
Best regards.
Bounty Detective Team
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Student coin is a very big SCAMMMMMMMMMMMMMMMM. The CEO is a fraudster. Withdraw your money before it's too late.
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From now on, no one will believe them, or support their project, everyone who read about this project, then read what happened to the bounty community will not invest and that will harm their project and their reputation.
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Holders of STC will cry in future because this project is totally scam and will escape after taking your all money. So I warned you to withdraw your money from STC project.
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Retweet this investors needs to see how scam this project even some ICO investors still not received STC from ICO https://twitter.com/maloice18/status/1397057699515310084
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Student Coin is a big SCAM project of 2021. Cheater, fraud and unethical team.
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I did not participate in this bounty. Here to support bounty detective and hunters. Actually, I was planning to buy some lol good to see this post. If they cheat bounty hunters they may cheat investors too.
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Something built on lies will never last. I hope people stop buying these tokens. Student coin will sink in time.
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I have been supporting Student Coin right from the very start, even before the bounty started. Sad to see them doing to people who are there with them. We have no choice but to send them the strong message that this is a very unacceptable thing to do. We have commitments to fulfill and if they are professional enough then they should be reaching to us the right way.
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Actually, I was planning to buy some lol good to see this post. If they cheat bounty hunters they may cheat investors too.
Right, After Bounty Hunters distribution, I wanted to buy after stc price dropped. But now my decision changed.
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I did not receive anything from StudentCoin bounty campaign.
And I hear that team will distribute ETH to StudentCoin users wallet.
How about our ERC-20 wallet address? Is there any change in rewards distribution?
Big rewards in spreadsheet but...
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Something built on lies will never last. I hope people stop buying these tokens. Student coin will sink in time.
Me too, I was planning to buy more than half of ETH that I received, as I thought that it's a good project ...etc but unfortunately, they ruined their reputation, and no one will believe them anymore.
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I did not receive anything from StudentCoin bounty campaign.
And I hear that team will distribute ETH to StudentCoin users wallet.
How about our ERC-20 wallet address? Is there any change in rewards distribution?
Big rewards in spreadsheet but...
no, none of the participants received STC, they only received ETH with the amount they calculated themselves and there is no list from them... they only paid a few ETH and that is very far from what is written in the Spreadsheet calculated by Bounty Detective... so it's a MASSIVE SCAM...
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student coin is a big big scaaaaaaaaam. Student coin team Highwayman
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I don't know if anyone here has also been scammed of their invested funds. there is this crypto company I signed up to about few month ago, after investing my funds I was blocked off which almost made me lose myself in the process.
eventually I came across this cyber crime forensic expert who helped me recover my lost invested funds. many might have also been a victim of such fraudulent act. So here is the mail of the expert, yall might need it.
[email protected]
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Justin11 I agree with you, they scammed us all the bounty hunters, they didn't pay the full reward. Can you explain more how have you been scammed by them please?
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Before the STC Launchpad ICO, We have run a campaign called "Bounty", the Bounty was meant to raise awareness around Student Coin, and promote STC Launchpad ICO via articles, YouTube videos, Twitter, and LinkedIn. The reward pool in the Bounty was 200 000 000 STC, to be distributed after the Launchpad, while the campaign was designed for 10 000 people.
What is very important, the Bounty campaign was not performing very well, generating less than 10 ETH raised during the STC Launchpad ICO, with only 800 people involved. Since it was the first wide-scale bounty we organized, we were not aware of the low-integrity practices that could take place. Most of the created articles, YouTube videos, tweets, and posts, were made by "bounty hunters" that are people massively attending bounties, creating low-quality content with fake views, and usually, immediately selling tokens after receiving the reward.
After the end of the Bounty, our former partners - Bounty Detective, has prepared the public distribution plan, that assumed the 200 000 000 STC to be distributed among the ~800 people, however, the agreed bounty rules were aimed to provide 10 000 participants engaged by the professional partner. As an effect, some people would receive 20 000 USD in STC for useless articles, or YouTube videos with fake news.
To protect our investors, we have tried to negotiate the reduction of the pool for the bounty hunters - We have decided to send them 300 000 USD in (ETH) Ethereum, instead of the (STC) Student Coin - to prevent STC Token price drop.
During the distribution, most of the bounty hunters received between 50 - 4000 USD in Ethereum (depending on the quality of their work, as there were few good works), instead of the millions of STC. Unfortunately, the Bounty Detective, as well, as the bounty hunters went extremely hateful, and disrespectful for our project, starting massive FUD around Student Coin, because of the "not fair distribution, and cut wages."
So to say that STC paid nothing is very deceptive and misleading. You can check here how much ETH was distributed among the bounty participants: https://etherscan.io/address/0x3a60f35db3fe49e1b65dcbdaff72dc60d7b9b4c6
There is no need to lie that the company did not pay anything, but the reward is less and the reason is explained above, their team also checked the work of the participants themselves, I think that many received payments in eth (perhaps not what they expected), but the evil ones call them a scam because they didn’t get $ 5-20k per article or video review of a website?