SMARTERTHANCRYPTO - SCAM

[EvRo74]

ANN thread: https://bitcointalk.org/index.php?topic=2779260.0

Bounty thread: https://bitcointalk.org/index.php?topic=2779663.0

From the bounty conditions:

"We are offering our participants a total allocation of 1% from our overall token supply.

Signature campaign: 40%
Newsletter Subscribers Campaign: 5%
Translation Campaign: 5%
Facebook Campaign: 15%
Twitter Campaign: 15%
Blog & Video, PR & Marketing Campaign: 20%"

https://imgur.com/a/DD6GhJI


From the ANN:

"Token Type: ERC20, Ethereum Blockchain
Token Symbol: STC
Maximum Supply (Hard Cap): 25,000,000
Available for Purchase: 21,750,000
Price per token:
Pre-sale: $0.90 (first 10,000,000 tokens)
First 48 hours of ICO: $0.95
48 hours to week 2 of ICO: $1.00
Week 2- till end of ICO: $1.05
No new coins will be minted, created or mined after the ICO

https://imgur.com/a/DD6GhJI


Their first deception lies in the fact that they promised 1 percent of the overall token supply, but in the end of the campaign in the telegram chat they replaced these words with "the total number of tokens sold."



Next, I will give calculations on the example of the signature campaign, although with other campaigns the situation is just as bad.
For simplicity, I took a middle course 1 STC = 1 USD.

Tokens sold: 5`800`000 USD

Bounty pool (1%): 58`000 USD

Signature campaign pool (40%): 58`000 USD x 0.4=23`200 USD

Total signature campaign`s stakes: 14`870 (spreadsheet: https://docs.google.com/spreadsheets/d/1ObjHrNXP3L0HLvPILU-seOVBSVxA4B0jOLmngQ4lVHM/edit#gid=1787483323)

I earned 1`440 stakes, so
I should have received 23`200 / 14`870 x 1`440 = 2`246,671149966375 STC tokens according to the conditions they changed arbitrarily after the end of the campaign, or 8`425,016812373907 STC tokens according to the initial conditions.

In fact, I received: 216.92 STC (Tx: 0x80b81e83cc0524c3cc94356eb2db2640fa767bdceb72dd988318c4afa1777c1a)


Thus, the SMARTERTHANCRYPTO team deceived us by paying us 10,4 times less than it should be, based on the tokens sold and 38,8 times less than it is due according to their initial conditions!

Therefore, they are - definitely scammers!

[1715267333]

1715267333

[1715267333]

1715267333

[SmarterCrypto]

ANN thread: https://bitcointalk.org/index.php?topic=2779260.0

Bounty thread: https://bitcointalk.org/index.php?topic=2779663.0

Hi,

we try to understand your reaction. 

Bounties stopped on 21.10.2018, on that date the total supply on Etherscan was 2.8 million.
1% of this has been reserved for our different bounty programs.

Giving the fact, that our own bounty campaigns haven’t been effective during the ICO at all, we engaged professional bounty providers.
With their professional and supportive help, we increased our conversion rate dramatically.
The professional bounty providers have been paid from the available total bounty pool as well.

Additionally, the nature of the project implies, that the amount reserved for bounty is based on sold tokens and can never be on total supply from the smart contract.

Thanks
STC

[EvRo74]

ANN thread: https://bitcointalk.org/index.php?topic=2779260.0

Bounty thread: https://bitcointalk.org/index.php?topic=2779663.0

Hi,

we try to understand your reaction.  

Bounties stopped on 21.10.2018, on that date the total supply on Etherscan was 2.8 million.
1% of this has been reserved for our different bounty programs.

Giving the fact, that our own bounty campaigns haven’t been effective during the ICO at all, we engaged professional bounty providers.
With their professional and supportive help, we increased our conversion rate dramatically.
The professional bounty providers have been paid from the available total bounty pool as well.

Additionally, the nature of the project implies, that the amount reserved for bounty is based on sold tokens and can never be on total supply from the smart contract.

Thanks
STC

No matter how perverted you are in your explanations, you still look like shit guys!
Simple mathematics proves that you are deceivers for any calculation of our awards. And, of course, you cheated with changing the initial conditions. You can not answer on the merits of our claims. Another confirmation that you are afraid of the truth from the participants is the fact that you closed both threads of the project here on the forum and open them only for your own posts.

Remember: greed is the cause of poverty! And it is waiting for all of you!