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Author Topic: TaaS ICO and Bounty Scam  (Read 6225 times)
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May 18, 2017, 04:05:37 AM
 #1

This scam accusation is about TaaS bounties and also some suspicious activities by them.

They promised to pay 2% in bounties-
Quote
A total 2%, but not less 100,000 (equal of 100,000$), of the TaaS Tokens sold during ICO are reserved for the whole Bounty Program (the Bounty Pool can be increased if we cross the limited target).


The Bounty Pool Divided as Below:

1: Facebook Bounty: 10K Taas Tokens
2: Twitter Bounty: 10K Taas Tokens
3: Email/Website Subscriber Bounty: 5K Taas
4: Signature Campaign 30K Taas
5: Blog Article and Media: 20K Taas
6: Translation Bounty: 20K Taas
7: Slack Joining Bounty: 5K Taas


Total TaaS sold in ICO were around 8,000,000 . so bounty pool should be around 160,000 TaaS.

Now here's what Campaign manager is saying now-
Quote
only  100,000 TaaS tokens will be paid for bounties. 2% was reserved for all bounties, included press releases, icolisting sites.
https://bitcointalk.org/index.php?topic=1775766.msg18991230#msg18991230


It is clear that either Taas team or Jamal has taken those extra Taas for themselves.

If they were already planning to give bounties for press releases and ICO listing sites, how would they have paid them if Taas ico didn't sell 5,000,000 Taas in ico.

Press releases are either by team of taas or by companies like Coin telegraph, etc. Companies like Cointelegraph won't charge anything from you. And you shouldn't be paying anything to your team for press releases (you promised that Taas team will never hold any Taas)
Afaik, you'll need to pay for publishing articles only on non brsites. Most of branded sites do their own research and publish it. sites

This all is a fake reason for getting some free TaaS for themselves.

If you really paid anyone for press releases and ICO listing then make the information public. (Atleast aggregate data)

On Google searching 'TaaS' you'll only get a few press releases (most of the articles are under category ofof blog bounty) and a very few IcO listing sites. In total , they are maximum around 10 press releases and IcO listing. So you paid 60,000 for these tenten. This means you paid $6000 for each press release or ico listing. That is BS.

It's not only a scam with bounty hunters but also with investors. Most probably they are holding taas themselves or have already sold those extra taas.

For scamming investors, they also did another thing. While the ICO was going on they showed the number of TaaS sold till that time. But removed the data of number of Taas sold in ICO after it ended.
ICO was over on 27 April. They sent some Taas after the ICO got over. These were probably the Taas given away to their team/relative for free. And this was the reason they removed the number of Taas sold from their webpage.
Check the transaction here- https://etherscan.io/tx/0xa101cbfbf7555d3ba3c16765f3c8bb0cf1b46b439b92bc1eedb1b631caa38f61


There is an external audit coin on by grant Thornton (never heard their name).


Other than that , not all bounty has been claimed in Slack/Telegram bounty. (There were not enough participants) This too will go into their pockets.


Jamal Aezaz was the bounty manager of TaaS. Here's what he has said.

I do not have control to any funds and tokens.. I am just their manager, and My job is to manage bounties not make payouts. so please don't include me any scam. which I am not.

But want to clarify my position so here is the truth:
"I've already asked Dimitri the co-founder of TaaS about that, after end of ICO, I've asked him  and tried to remind that the bounty pool should be 2% as of the bounty payment term (the terms was written by himself) but he said only 100K will be paid for bitcointalk bounties, because 2% was fixed for all bounties not only bitcointalk bounties (conferences and news promotion) . now I don't know what kind of conferences are part of bounties.  and where they've (or they want to) spent other part of bounty funds."

here is the log:

https://imgur.com/a/DUuXG

(You can see the date)


The final word is : if incase TaaS owners trying to scam users, I am not part of them, nor I am supporting them, I already tried to remind and explain them.. and I've just sent him a message now. and will try to bother him even more, that's all I can do, hope they'll clarify this.
Even I myself didn't got paid yet for my management work.

Thank You.

After this, we are waiting for response from Taas team.

Please add more things if you think I missed any. I'll too add more in future.

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May 18, 2017, 06:58:24 AM
 #2

Jamal Aezaz is the campaign manager of that ICO.

Quote
A total 2%, but not less 100,000 (equal of 100,000$), of the TaaS Tokens sold during ICO are reserved for the whole Bounty Program (the Bounty Pool can be increased if we cross the limited target).


Total TaaS sold in ICO were around 8,000,000 . so bounty pool should be around 160,000 TaaS.

Now here's what Campaign manager is saying now-
Quote
only  100,000 TaaS tokens will be paid for bounties. 2% was reserved for all bounties, included press releases, icolisting sites.
https://bitcointalk.org/index.php?topic=1775766.msg18991230#msg18991230
If the initial agreement was 2% of the total, which equals around to ~160k (as per the number sold) and now he (or they) suddenly reduce it to 100k, then they indeed did effectively scam you.

I'll see whether they will respond to this accusation soon. If not, I'll tag.

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jamalaezaz
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May 18, 2017, 07:52:20 AM
 #3

I do not have control to any funds and tokens.. I am just their manager, and My job is to manage bounties not make payouts. so please don't include me any scam. which I am not.

But want to clarify my position so here is the truth:
"I've already asked Dimitri the co-founder of TaaS about that, after end of ICO, I've asked him  and tried to remind that the bounty pool should be 2% as of the bounty payment term (the terms was written by himself) but he said only 100K will be paid for bitcointalk bounties, because 2% was fixed for all bounties not only bitcointalk bounties (conferences and news promotion) . now I don't know what kind of conferences are part of bounties.  and where they've (or they want to) spent other part of bounty funds."

here is the log:

https://imgur.com/a/DUuXG

(You can see the date)


The final word is : if incase TaaS owners trying to scam users, I am not part of them, nor I am supporting them, I already tried to remind and explain them.. and I've just sent him a message now. and will try to bother him even more, that's all I can do, hope they'll clarify this.
Even I myself didn't got paid yet for my management work.

Thank You.

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May 18, 2017, 08:11:12 AM
 #4

ok we understand you. bytheway today bounty distribution day. can you do today or delay ? what is say dimitri about that ? is he told you : dont distribution bountys ?


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naughty1
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May 18, 2017, 08:12:25 AM
 #5

Jamal Aezaz is the campaign manager of that ICO.

Quote
A total 2%, but not less 100,000 (equal of 100,000$), of the TaaS Tokens sold during ICO are reserved for the whole Bounty Program (the Bounty Pool can be increased if we cross the limited target).


Total TaaS sold in ICO were around 8,000,000 . so bounty pool should be around 160,000 TaaS.

Now here's what Campaign manager is saying now-
Quote
only  100,000 TaaS tokens will be paid for bounties. 2% was reserved for all bounties, included press releases, icolisting sites.
https://bitcointalk.org/index.php?topic=1775766.msg18991230#msg18991230
If the initial agreement was 2% of the total, which equals around to ~160k (as per the number sold) and now he (or they) suddenly reduce it to 100k, then they indeed did effectively scam you.

I'll see whether they will respond to this accusation soon. If not, I'll tag.

Just as his accusation, they wrote on their bounty thread, they would pay 2% of the total or at least 100K for the signature campaign, however, as we see, they refuse to fully implement. And they only pay the lowest number they give. Lauda, I know you're a trust people, I hope you can help me with this problem. Thanks!

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May 18, 2017, 08:12:59 AM
 #6

They are giving excuse of spending taas allocated for bounty in conferences and news promotion.
Wasn't it supposed to be out of the 15% of the ICO investments that are allocated to development, operations , PR (written in their Bitcointalk thread and whitepaper)

DENT ● Tokenizing & Liberating The Mobile Data Market
▬▬▬▬ ▬▬ ▬   ICO {July 12th, 15.00 UTC} ▬ ▬▬ ▬▬▬▬[/centre (https://www.dentcoin.com/)
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May 18, 2017, 08:16:51 AM
 #7

They are giving excuse of spending taas allocated for bounty in conferences and news promotion.
Wasn't it supposed to be out of the 15% of the ICO investments that are allocated to development, operations , PR (written in their Bitcointalk thread and whitepaper)

15% of the profits the fund makes, not the ICO
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May 18, 2017, 08:26:50 AM
 #8

It was UP to 2%? Shocked 100k That's are minimum **LOL** even their said for "Bounty pool can be increased".
If they say for "conferences and news promotion" why no such statement before?
Quote
A total 2%, but not less 100,000 (equal of 100,000$), of the TaaS Tokens sold during ICO are reserved for the whole Bounty Program (the Bounty Pool can be increased if we cross the limited target).


Their say conferences and news promotion  Shocked
Lemme  guessing for :

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May 18, 2017, 09:01:16 AM
 #9

They are giving excuse of spending taas allocated for bounty in conferences and news promotion.
Wasn't it supposed to be out of the 15% of the ICO investments that are allocated to development, operations , PR (written in their Bitcointalk thread and whitepaper)

15% of the profits the fund makes, not the ICO
I'm talking about this 15%


bbcode image link

<a href="https://ibb.co/iYBZi5"><img src="https://preview.ibb.co/byxkqk/20170518_142721.jpg" alt="20170518_142721" border="0"></a><br /><a target='_blank' href='https://imgbb.com/'>bbcode image link</a><br />

DENT ● Tokenizing & Liberating The Mobile Data Market
▬▬▬▬ ▬▬ ▬   ICO {July 12th, 15.00 UTC} ▬ ▬▬ ▬▬▬▬[/centre (https://www.dentcoin.com/)
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May 18, 2017, 09:03:38 AM
 #10

Stop complain with Jamal , hi did his work and hi will get paid like other for his bounty, the problem is the TAAS team not Jamal!

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May 18, 2017, 09:07:49 AM
 #11

This scam accusation is about TaaS bounties and also some suspicious activities by them.

They promised to pay 2% in bounties-
Quote
A total 2%, but not less 100,000 (equal of 100,000$), of the TaaS Tokens sold during ICO are reserved for the whole Bounty Program (the Bounty Pool can be increased if we cross the limited target).


The Bounty Pool Divided as Below:

1: Facebook Bounty: 10K Taas Tokens
2: Twitter Bounty: 10K Taas Tokens
3: Email/Website Subscriber Bounty: 5K Taas
4: Signature Campaign 30K Taas
5: Blog Article and Media: 20K Taas
6: Translation Bounty: 20K Taas
7: Slack Joining Bounty: 5K Taas


Total TaaS sold in ICO were around 8,000,000 . so bounty pool should be around 160,000 TaaS.

Now here's what Campaign manager is saying now-
Quote
only  100,000 TaaS tokens will be paid for bounties. 2% was reserved for all bounties, included press releases, icolisting sites.
https://bitcointalk.org/index.php?topic=1775766.msg18991230#msg18991230


It is clear that either Taas team or Jamal has taken those extra Taas for themselves.

If they were already planning to give bounties for press releases and ICO listing sites, how would they have paid them if Taas ico didn't sell 5,000,000 Taas in ico.

Press releases are either by team of taas or by companies like Coin telegraph, etc. Companies like Cointelegraph won't charge anything from you. And you shouldn't be paying anything to your team for press releases (you promised that Taas team will never hold any Taas)
Afaik, you'll need to pay for publishing articles only on non brsites. Most of branded sites do their own research and publish it. sites

This all is a fake reason for getting some free TaaS for themselves.

If you really paid anyone for press releases and ICO listing then make the information public. (Already aggregate data)

On Google searching 'TaaS' you'll only get a few press releases (most of the articles are under category ofof blog bounty) and a very few IcO listing sites. In total , they are maximum around 10 press releases and IcO listing. So you paid 60,000 for these tenten. This means you paid $6000 for each press release or ico listing. That is BS.

It's not only a scam with bounty hunters but also with investors. Most probably they are holding taas themselves or have already sold those extra taas.

For scamming investors, they also did another thing. While the ICO was going on they showed the number of TaaS sold till that time. But removed the data of number of Taas sold in ICO after it ended.
ICO was over on 27 April. They sent some Taas after the ICO got over. These were probably the Taas given away to their team/relative for free. And this was the reason they removed the number of Taas sold from their webpage.
Check the transaction here- https://etherscan.io/tx/0xa101cbfbf7555d3ba3c16765f3c8bb0cf1b46b439b92bc1eedb1b631caa38f61


There is an external audit coin on by grant Thornton (never heard their name).


Other than that , not all bounty has been claimed in Slack/Telegram bounty. (There were not enough participants) This too will go into their pockets.


Jamal Aezaz was the bounty manager of TaaS. Here's what he has said.

I do not have control to any funds and tokens.. I am just their manager, and My job is to manage bounties not make payouts. so please don't include me any scam. which I am not.

But want to clarify my position so here is the truth:
"I've already asked Dimitri the co-founder of TaaS about that, after end of ICO, I've asked him  and tried to remind that the bounty pool should be 2% as of the bounty payment term (the terms was written by himself) but he said only 100K will be paid for bitcointalk bounties, because 2% was fixed for all bounties not only bitcointalk bounties (conferences and news promotion) . now I don't know what kind of conferences are part of bounties.  and where they've (or they want to) spent other part of bounty funds."

here is the log:

https://imgur.com/a/DUuXG

(You can see the date)


The final word is : if incase TaaS owners trying to scam users, I am not part of them, nor I am supporting them, I already tried to remind and explain them.. and I've just sent him a message now. and will try to bother him even more, that's all I can do, hope they'll clarify this.
Even I myself didn't got paid yet for my management work.

Thank You.

After this, we are waiting for response from Taas team.

Please add more things if you think I missed any. I'll too add more in future.

TAAS team  are dishonest i have been warning you many times!

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May 18, 2017, 09:08:00 AM
 #12

Stop complain with Jamal , hi did his work and hi will get paid like other for his bounty, the problem is the TAAS team not Jamal!
Yes I had already did that. Soon after his comment here, I had removed his name from top. And quoted his message at bottom.

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May 18, 2017, 09:26:39 AM
 #13

Stop complain with Jamal , hi did his work and hi will get paid like other for his bounty, the problem is the TAAS team not Jamal!
Yes I had already did that. Soon after his comment here, I had removed his name from top. And quoted his message at bottom.
Do not forget  for TAAS team  is normal for them cheating people

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May 18, 2017, 09:28:03 AM
 #14

I think there is some mis communication.As Taas said bounty included other promotional methods also and not only bitcointalk forum campaign.Maybe they were running a similar signature or promotional campaign on other forums.I would love to see how Taas explain things.Also today is the day of bounty distribution lets see if they do as they promised
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May 18, 2017, 10:03:02 AM
 #15

I think there is some mis communication.As Taas said bounty included other promotional methods also and not only bitcointalk forum campaign.Maybe they were running a similar signature or promotional campaign on other forums.I would love to see how Taas explain things.Also today is the day of bounty distribution lets see if they do as they promised
Why would you take a coward post seriously? Ignore..
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May 18, 2017, 10:05:10 AM
 #16

I think there is some mis communication.As Taas said bounty included other promotional methods also and not only bitcointalk forum campaign.Maybe they were running a similar signature or promotional campaign on other forums.I would love to see how Taas explain things.Also today is the day of bounty distribution lets see if they do as they promised
Why would you take a coward post seriously? Ignore..
The Taas team should have known better that external affairs relating to advertisement are a different topic when the reach the forum and are not connected to the ended bounty project.Besides even the campaign manager did not know about this and press and conference can never be a bounty

Let them come clean and just own up to their obligation!


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May 18, 2017, 10:13:45 AM
 #17

I think there is some mis communication.As Taas said bounty included other promotional methods also and not only bitcointalk forum campaign.Maybe they were running a similar signature or promotional campaign on other forums.I would love to see how Taas explain things.Also today is the day of bounty distribution lets see if they do as they promised
Why would you take a coward post seriously? Ignore..

I will follow this article and wait for results, I do not want to accuse anyone, open an investigation, we need the most accurate results.


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May 18, 2017, 10:21:23 AM
 #18

So many peasants here.

Stop complaining about not getting enough free money.

If you're not an investor just shut up and fuck off.
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May 18, 2017, 10:33:54 AM
 #19

So many peasants here.

Stop complaining about not getting enough free money.

If you're not an investor just shut up and fuck off.
In case  you missed the part that the people who participated in the bounty campaign worked and gave effort in advertising, writing blogs and spreading words about TaaS, I don't know if you can call it free money. They put effort and time in it and they deserve to be paid accordingly to what they had promised.
They also stated that they will be paying more in an instance where they will get more than the target which they have did.

Quote
A total 2%, but not less 100,000 (equal of 100,000$), of the TaaS Tokens sold during ICO are reserved for the whole Bounty Program (the Bounty Pool can be increased if we cross the limited target)
[/quote]
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May 18, 2017, 11:05:24 AM
 #20

Unless the screenshot is fake, then Jamal isn't at fault here. He is merely incompetent for letting the team do this and not informing everyone affected by it on time (unless I've missed such a post?).

From what I understood, the plan was to use 2% of the sold tokens for the bounties with a minimum of 100 000 tokens (regardless of how much was sold). After the 2% ended up being more than 100k, the team suddenly changed this number by cutting it down to a fixed 100k. I see these "other expenses" only as some excuse. If someone compiles a list of accounts owned by TaaS team, I'll probably tag them all until this is made just.

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