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A HIDEOUS CRIME CARRIED OUT BY A CRYPTOCURRENCY COMPANY CALLED STUDENT COIN
On the 29th of January 2021, the core team of Student Coin reached out to a promotion agency called Bounty Detective to carry out a promotional campaign on their behalf. The Student Coin core team agreed to pay 200 million STC tokens worth then $1 million to the Bounty Promoters two weeks after the promotional exercise ended. The exercise was designed to last for 12 weeks and spanned across various campaigns such as Social Media Campaigns, Translation Campaigns and Video Campaigns to mention a few.
The essence of a promotional exercise is to create awareness and to orientate investors on the intricacies, activities and objectives of a cryptocurrency project. Upon the successful orientation, the investors can decide to participate in the Initial Exchange Offering for the purpose of financially supporting the project. The Investors are rewarded with tokens at an affordable rate with the intention of reaping profit when the token gets listed in a stock exchange and appreciates in value.
Bounty Detectives promoters diligently engaged in this exercise and raised $70 million for the Student Coin Company, again the promoters’ efforts attracted more than Twenty Eight Thousand Community members to the Student Coin Community group. These members were investors.
Bounty Detective is a medium scale company that is global in nature. Its core team has less than ten staff but more than Two Hundred thousand active promoters. The team is predominantly based in Europe and Asia. Bounty Detective receives promotional offers from accredited Cryptocurrency Companies. Upon the conclusion of a contract; the team presents the job to its community members who apply to work for a stipulated duration of time. The team is compassionate, diligent and truthful to its community members and prioritises their welfare and safety above anything else.
Student Coin on the other hand is a project that comprises of more than 500 Universities under its umbrella. These universities consist of Harvard University, Stanford University, University of Warsaw, New York University, Imperial College University and Kozminski Universities to list a few. They are also available in 36 countries. The genuine purpose of the Student coin project was to enlighten undergraduate and graduate students on the essence and intricacies of the Cryptocurrency market, Cryptocurrency exchanges, Decentralized Finance and Blockchain technology. Student coin also aimed to teach students about personal finance, allowing them to trade, invest and learn about digital assets. The Student Coin core team proposed to build the globe’s largest educational database.
THE PROBLEM
The Student Coin core team approached the Bounty Detective Company to execute a promotional exercise on their behalf. This was the second campaign the Bounty Detective (BD) core team was conducting for Student Coin. The first Campaign was conducted last year and upon the successful completion of the first campaign and the tremendous result achieved, the Student Coin Core team decided to run a round two promotional campaign which was grand in nature. The payment for the first campaign was successfully distributed to the Bounty Detective’s participants in their respective wallets and there was no cause for alarm; everyone went home smiling.
During the aggressive promotion for the round two promotional exercise, the STC digital asset appreciated from $0.005 per token to around $0.07 per token. It was clear that the promotional exercise was yielding tremendous results coupled with the acceleration of the cryptocurrency market by the present Bull Run. The promoters were happy and continued working hard. The total payment was expected to be above $10 million or the initially agreed 200 million STC tokens. But upon the completion of the project, the Student Coin Core team realized that they would have to pay “so much money” to the Bounty Detective Promoters and devised a scheme to trick them.
Firstly, the team said they would offer the promoters the options of receiving their payment in the initially agreed STC or in Ethereum. The purpose of this option was to preserve the price of the STC token from promoters who would want to sell immediately after their payment. The promoters saw this as an excellent offer. Some decided to get the ETH digital asset payment and some still decided to receive their work payment in STC form. We all filled out a form to this effect.
Couple of hours later, the Student Coin core team sent a message to the Bounty Detective team that all payment would be made in Ethereum form in total estimation of the current price of the 200 million STC digital assets. A lot of people still welcomed the idea, but some started speculating in their minds. The Student Coin core team restricted access to write in their Bounty Telegram group and left the view only option available. Not less than 1500 Bounty Detective promoters participated in the Campaigns and they were all shut out by the Student Coin core team.
On the 23rd of May 2021, a Sunday to be precise, the Student Coin core team distributed less than 5% of the total agreed payment. I myself was expecting to receive $10,500 in Ethereum or approximately 420,000 STC tokens for my work performed across Twitter, Linkedin and Publication Campaigns but I was paid $220 for them all. It was like a mirage, the entire 1500 promoters stormed into the Bounty Detective group since they received similar treatments and the commotion began.
STUDENT COIN CHIEF EXECUTIVE OFFICER VS BOUNTY DETECTIVE CHIEF EXECUTIVE OFFICER.
The Bounty Detective Chief Executive Officer quickly communicated with the Studen Coin CEO and his real hideous intentions were revealed. He claimed that our work did not generate any traffic to his site and that our work was totally useless. The Bounty Detective CEO tried to remind him of their initial agreement and that breaking the agreement was not allowed. Multiple companies pay the promoters their full wages whether the fund raising exercise were successful or not. It was an initial agreement that was reached before a promotional exercise was initiated.
The CEO of Bounty Detective pleaded with the CEO of the Student Coin Company not to do what he was proposing to do. We raised $ 70 million for them. Promotional exercises are conducted to let investors know that sales are going on for a particular project. Upon an internal deliberation from an investor, he or she can decide to head to a website and make a worthy purchase to support a project. It is never mandatory that a purchase must be made from a promoter’s link. Infact, from the Student Coin’s core team, this would attract a 20% bonus for any promoter that successfully sells through his or her referral link. But primarily, our work is to orientate investors on the need to partake in a project through various selling points.
The Bounty Promoters have reported to the officials of Coinmarketcap, Kucoin and other numerous exchanges Student Coin’s digital asset STC is listed on, Bitcointalk high ranking officers and to other investors in Twitter platform have also been notified by the Bounty Participants. The promoters have been depressed since the heinous crime was performed.
A HUMBLE GOVERNMENTAL INTERVENTION
I humbly request the Polish authorities to step into this matter. The Student coin Head Quarter registered as Student Coin Edu Chain Limited and is located in Malchowski Square 4, 00-066 Warsaw Poland. The name of their Chief Executive Officer (CEO) is Wojciech Podobas and his personal number is +48694458409.
I am reporting to the Polish Police Authorities, Security and Exchange Commission and Internet Crime and Complaint centre, a division of the Federal Bureau of Investigation (FBI) for their thoughtful intervention.
These kinds of actions are unthoughtful and uncalled for. Labourers should be rewarded their wages.
I humbly request that the Polish Police authorities order Mr. Wojciech Podobas, the CEO of Student Coin to pay us our complete funds.
Attachments, regarding proof of the events would be attached.
I hope justice is served and that International Labourers are paid their wages from Polish Companies.
I anticipate your swift positive action,
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The CEzo would have just paid the Bounty Hunters period.
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