DESICO IS A SCAM

[adamvp]

indeed, we as cryptocommunity should warn about such projects!

https://bitcointalk.org/index.php?topic=5092675.msg49030777#msg49030777 please keep this thread on top too

[the1arty]

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.

Another scam, it was planned way ahead for sure that it will happen like that and they used bounty participants work for free.
They must pay bounty participants or we need to show our power on their social networks. 
They can distribute security tokens, by providing KYC, simple as that.

[WalkerIVIV]

DESICO IS A SCAM...never do not invest.Never take your tokens.Do not be a member of the platform in any way.These people are scams.Never forgive him.

The worst part is that they extended the bounty for 4 weeks when they have decided to issue security tokens it wasn't as if they don't know what they are doing
They want us to give them free work.

They dishonoredly took advantage of the bounty hunters in advance knowing that they would not be paid anything. I myself took part in this bounty, fortunately only in one round.

Damn. I considered this project one of the most prominent in these 2 quarters. What a pity that I spent 6 months on the promotion of this project being one of the first promoters to the masses..

And then you have been scammed by a fraudulent platform called desico. even there are bunch of participants have already sent their ID to the developers. Let's see what will be happening with it in the future.

[qtronix]

This is terrible. Unfortunately, there are many such projects and bounty participants have to endure it. Bounty hunters are the most vulnerable in this situation. They don't invest in the project, and so the team thinks they can be treated so badly. This is unfair.

[bartusv]

Participated in two of the  Desico bounties and I can only say that they are incompetent cheaters. When they switched from ICO to STO
they already new that they will not pay us, but they further used us to promote their project. This is what I cannot forgive.
If the project simply fails because of the market situation it is acceptable, but if they do not fail, just make fool of us that is
very underhand. Without regulations they can do anything they want. I can only promise I will advertise them for the same time
as the bounty duration was, but not on a positive way as earlier. Everybody should be aware of these scammers  and what they did.

[Tomas M]

They definitely have not raised enough funds. It might be that they are lying as they say they have raised 1M usd.
Investors should start to worry as there is no bright future

[petrcoin]

Another scammer project choose the old regular pathway to scam bounty hunters.

I suggest everyone fud their all social media and maybe don't return any money in return but prevent them to scam investors too.

[desticy]

I hardly believed it when I first heard it. For me, this project was indicative, so many reviews and analyzes about it in the network. And in fact it turns out to be another scam.

[jouns]

Not a single project from those that began their journey by deception has become successful. It is a pity the time spent on work in this scam project and pity deceived investors.

[burky156]

Unfortunately it turned scam I worked for 5 weeks in their bounty campaigns and they have stolen my time. I don't really understand how people could trick the people and steal their money?? Don't they have shame? Don't they fear God? I always making my complaint to God and wish them clean soul for the bad people. And i am sure that they will find their answer for this robbery and they will suffer!

[marcitosi]

There are a lot of such projects on the market right now and I think that we need to do something about it

[trash321]

This is just a terrible situation in which absolutely all members of the community have fallen. This also applies to investors and bauti hunters. The worst thing is that now the bounty hunters are already destroying the project’s reputation, but these guys have already collected the necessary money and today they already have money, how can they be punished?

[icalical]

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.

Ok, now this is basically a total scam, and total bullshit. I believe they all planned this, why they don't just do the STO instead of do a fake ICO and fooling bounty hunter. I hope you or other campaign participant will take this further. At least you can make a post in the scam accusation section https://bitcointalk.org/index.php?board=83.0 and then you can alert all people in this forum and prevent them for joining or supporting this scammers. They will have no reputation in this forum.

[adamvp]

I don"t think even  the team is real.. maybe we should check

[Icologies]

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.

its that true? if indeed, how many of them have been deceived? I hope this can be a lesson for us to be careful when buying or investing in the desired coin.

[nlaara12]

It is very sad to learn of this act by the team of DESICO,a project that has got alot of people behind it as a results of the hardwork of the bounty hunters,this act shows that the team and the project itself cannot be trusted.

[Galantin]

I think if we start writing about your every swami project here. They will not be less. I just see how many such projects now exist. Lots of. Projects that once did not pay for my work.

[e@symode]

Recently, situations with such an end have begun to really show how projects really want to build relationships with the community. Now everyone wants to attract money, but in this way it is simply impossible. Sooner or later, people will understand how to deal with it.

[Hektur]

Recently, situations with such an end have begun to really show how projects really want to build relationships with the community. Now everyone wants to attract money, but in this way it is simply impossible. Sooner or later, people will understand how to deal with it.

People can´t fight with that, the only way how to protect investors is to regulate the market, USA and China is working on it .

[myohmy81]

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,


<<sniff>>

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.

I don't agree on the statement of Ingrida that they will not going to pay their bounty hunters after they had been working for 11 weeks of spreading the good new of DESICO. If they can't give a token due to being a security token then they should pay them in ETH to the amount equivalent to their promise token. DESICO team should be fair enough to the people who work with their project.
This is a strategy of taking advantage of the weakness of bounty hunters as we have no power to force them to pay.