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Author Topic: 🕵Student Coin Team are Scammers in Disguise, Refused Paying Hunters' Reward  (Read 2058 times)

neocrypto90

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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?
« Last Edit: June 04, 2021, 01:19:15 AM by neocrypto90 »

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vitek146

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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?

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