Scam Report: Sylon & Livetree ADEPT

[fapar]

"Hard cap of the ico is 20m $ and bounty budget is %1.75 so it means 350k worth of tokens in case of hard cap.

%40 allocated to signature 140k worth.

And i just checked sylon gave more than 1.2m $ worth sed tokens to signature participants."



I posted this on bounty thread and sylon never make an explantion for this.

So 1.75% of the all tokens and not some amount of hardcap($). Where your assumptions and mathematics?

[1713509488]

1713509488

[Almasani]

Yes. I am also very disappointed with what the Livetree did. I've been working for five months, but not paid. They are looking for an excuse not to pay for my work.
They also remove the stakes to eliminate evidence of the results I have done. It's a less ethical way to me.
And what they have paid is also not in accordance with what is promised. The Livetree team does a lot of scams.

[asdlolciterquit]

~snip
510660+804264=1314500$ rounding
That is, the condition for the payment of 1.5 M is not achieved!!!
IMHO

I don’t believe they have contributed $1314500.

Please check the news:

LONDON, March 22, 2018 /PRNewswire/ --
LiveTree, the world's first blockchain-powered, end-to-end production and distribution platform for TV and film - has raised over $11m and counting from their token sale.
Source: https://www.prnewswire.com/news-releases/livetrees-ico-raises-over-11m-in-token-sale-so-far-677632883.html

Please check the ice status captured from livetree.com

20 days to ice end: https://imgur.com/1xYHnTV
19 days to ice end: https://imgur.com/lCKvRDZ
5 days to ice end:  https://imgur.com/yGe27Av

If really $1314500 contributed, they have lied to us for all the ico process.

Open bounty-topic and read:
"You will receive 1.75% of all SED tokens, based on your number of stakes."
You in their arguments rely on the fact that LiveTree have already received funds from the declared investors (3+10M $) but according to the statement of the LiveTree is not so. You can count on the award only from the total number of tokens (and it is better from the sold tokens). That is, only from the funds that are visible on the wallets (ETH+BTC).
A screenshot of the progress status is a "little trick" to attract other investors.

I repeat that I am neutral on this issue.

so you are saying that they have not received yet that 3+10M $ from the investors?

Please read this https://bitcointalk.org/index.php?topic=2322644.msg36320102#msg36320102
We have yet to receive any funds from the underwriters. We are still in talks and are working diligently to progress the matter and seek alternatives, if necessary.

well, but why they will not pay when they will receive that funds?

[favelle75]

Rewards based on USD does not make sense until they escrow enough tokens to bounty managers.
Their standart argument is we couldn't raise enough money to give rewards due bearish market.
What a shame.

If you cannot calculate bounty pool size and total rewards so why you are trying to manage a million dollars company?
You cannot manage a million dollar company with that math knowledge. Go to primary school back and study more.

Bounty hunters don't fall into USD rewards and fixed reward pools unless they escrow enough tokens.
They are both scammers and forum moderators do not take action against them. (This is the biggest question here)

Check Dictionary "Scam" and you will see exact description shows that livetree and sylon are both responsible for this situation.
They are both scammers until they pay what they promise.

[hardalisas]

My friend participated in the bounty campaign for two months but quit in the middle of it.
He noticed the Livetree ICO didn't go well, and their promise couldn't be kept.
Obviously he is right.

[Flodner]

So what do you think will there be any exchange?
I think even if it will, so many angry people will dump the tokens at low price, so price might be very low...

[asdlolciterquit]

So what do you think will there be any exchange?
I think even if it will, so many angry people will dump the tokens at low price, so price might be very low...

well, i think that people will prefer to have what they think is right and face the risk of a dump, than the opposite..

[Flodner]

well, i think that people will prefer to have what they think is right and face the risk of a dump, than the opposite..

I agree with this, but I was asking if somebody believes the exchange (bounty buy back) will happen?
I think it won't happen as if the LiveTree team would want to do it - why not to do it already?
There are lots of ways to do it

[asdlolciterquit]

well, i think that people will prefer to have what they think is right and face the risk of a dump, than the opposite..

I agree with this, but I was asking if somebody believes the exchange (bounty buy back) will happen?
I think it won't happen as if the LiveTree team would want to do it - why not to do it already?
There are lots of ways to do it

mmmm i think that they don't have the possibility right now...

[Flodner]

mmmm i think that they don't have the possibility right now...

But even before the end of ICO they announced some big partnerships
If all the money were spent for lambos, then yes they might not have possibility))
But at the least they sent some tokens... it could have been worse, they could disappear completely

[asdlolciterquit]

mmmm i think that they don't have the possibility right now...

But even before the end of ICO they announced some big partnerships
If all the money were spent for lambos, then yes they might not have possibility))
But at the least they sent some tokens... it could have been worse, they could disappear completely

Do you know some of these big partnerships? "big" means..."big". I'm curios right now..
Anyway I don't think that they want to scam us in that way! I'm pretty sure they are still working hard in the project.

[gametiny]

Thanks for your advise. I think, the team didn't take the math class ever.

[PETES]

I just learn that there's scam accusation with Livetree like I see this as a potential one yet they did this. It seems even a good one now can scam their participants in the sake of money. And another bad image again for Sylon huh yet too sad for hearing this tho.

[Ayston]

Same has happened also to my friend it's not with Sylon but with Hua_hui or Hui_hui, the award for Jr. Member is $50 per week worth of token,the campaign was four weeks =$200 after completing it, but after the token distribution and the token was registered on a certain exchange the value only of his token was $. 000159104 and since then the value never move... Even with the crashed I thought at least $30-$50 was supposed to be the value....

[Flodner]

Do you know some of these big partnerships? "big" means..."big". I'm curios right now..
Anyway I don't think that they want to scam us in that way! I'm pretty sure they are still working hard in the project.

You can check these "big" partnerships in the ANN thread if they didn't delete links
I don't know if they are working - I hope so, if somebody knows more - you can share the links here

[revenant2017]

I can't seem to find now on their webpage about the Bounties-Buyback. I guess we all got USED by this project. Glad i only participated only for a week.