The rate at which team are manipulating bounty hunters is so alarming, how can you explain this
This is a post from desico team after bounty hunters have worked for 11 good weeks
Ingrida Willems DESICO Community Manager:
Dear participants of DESICO bounty,
As you all know DESICO was aiming to carry out an ICO followed by all its components, including Bounty campaigns. The crypto markets in 2018 clearly showed that ICOs have failed their mission. The ICO process is full of fake identities and scamming. The biggest majority of utility tokens never bring profit to investors after the listing. Companies used ICOs as a fund-raising mechanism, not because their tokenomics needed a utility token. That’s why most of the utility tokens issued are below their initial capitalization.
Anticipating the situation of fake promises in ICO model, DESICO made a decision to switch from ICO to Security token offering (STO). STO is a strictly regulated offering that provides investors with ability to invest in tokenized securities. Investors need to pass KYC and AML procedures along with provision of proof of their identity, residence address as well as indication of their income source. Current regulation across the globe does not provide possibility to issue and/or distribute security tokens if they were not paid for.
DESICO decided to be fair to people who participated in its bounty campaigns by admitting the failure of ICO process. DESI token is a security token. Therefore, DESI security tokens cannot and will be not distributed to bounty participants. We will also not issue and distribute utility tokens that will have no value in the market.
We are grateful to each of you who took part in campaigns and spread the message about benefits of security tokens. We express our sincere apologies to all participants. We believe that the efforts that all of you and DESICO put into spreading the word will still contribute positively to stabilization of overall crypto market.
DESICO team
It is high time will reject injustice from all team manipulating bounty hunters
Link to above post on the forum
https://bitcointalk.org/index.php?topic=5092272.new#new
