TO CLARIFY THE BOUNTY MISCOMMUNICATION
First, we would like to say thank you to all of the bounty hunters. We have been grateful for your support and you all have helped Sapien gain great visibility.
Next, we want to thank TokenSuite for managing the bounty campaign on BitcoinTalk. They have been phenomenal with their help and I hope everyone understands how huge of task it is to manage thousands of participants across various social channels. Their team is small but handling a very large bounty and we thank you for your patience.
Lastly, we apologize on behalf of the Sapien team for any confusion caused by the bounty program. We have been consistent with our message on our website, white paper, and blogs that UP TO 5% of SPN will be reserved for bountie(s). Those claiming that 5% was guaranteed are intentionally spreading FUD. We are a completely legitimate project and anyone who does some quick math will realize it is far from ideal to have $15 for a single retweet or like and $15,000 for a single translation. We are always doing what’s best for our supporters, contributors, and token economy alike.
That being said, the team has heard your concerns. There has been some miscommunication in the way the bounty campaign was portrayed and we definitely should have mentioned that there would be multiple bounties at different stages of the project lifestyle. As with all startups, and particularly ICOs, it is impossible to plan everything perfectly from the start. We are sorry for any confusion this may have caused.
Again to make loud and clear: THIS IS NOT SAPIEN’S “FAULT” NOR IS IT TOKENSUITE’S “FAULT”
HOWEVER, as a result of this miscommunication, we are DOUBLING our bounty phase 1 and phase 2, for a total allocation of 1%.
PLEASE REMEMBER, THERE WILL BE MANY MORE OPPORTUNITIES TO EARN SPN TOKENS IN THE NEAR FUTURE.
Thank you for your continued support.
The Sapien Team
From what you have said, no one is responsible for this mistake yet there was a mistake; This is unprofessional! Your statement about this bounty is vague and seems like double standard. My opinion is that you pay the first bounty token, which your last announcement left many people discouraged, before proceeding to round 2 bounty. In that case, it becomes optional for anyone to continue in the second bounty or not. Note the following point.
1. Total token supply=500,000,000
2. From your first announcement, bounty allocation = 5% which is 25,000,000.
3. Even if this is the total bounty allocation including future bounties, which was not indicated in the initial statement, 2,000,000 token for first bounty which is 8% of 25,000,000 is not fair for first bounty which is the most important bounty.
I hope the admin knows the importance of taking informed decisions in this era of massive competition. Good luck.
