Suspicious Signature Campaign Swirge..com

[wxxyrqa]

Hello guys.  I want to draw your attention to the new bounty company "Swirge..com Signature Campaign | New Decentralized Social Media Platform" :
https://bitcointalk.org/index.php?topic=5193268.new#new, which offers forum users too much reward and at the same time conditions can be too sad for bitcointalk.
 Please note that the cost of 1,000,000 OKU is $ 200k according to the statements of the team.
 Through mathematical calculations, we find out the price of one token:
 200000 / 1,000,000 = $ 0.2 for 1 token

 If you pay attention to the conditions of signature compaing, then each member with a Full Member rating will be able to receive a reward of 250 OKU for 20 posts per day.

 And again we calculate that:
 20 Posts / 250 tokens = 5000 tokens per day,
 5000 x $ 0.2 = $ 1000

 And so, gentlemen, $ 1,000 per day  for each member with a Full member rating, while the advertised resource is a social networking platform that does not have great financial value and does not bring such income that every user has the opportunity to sell their tokens at the above price.

 (I only express my opinion and concern.)
 In my opinion, this is abuse and possible fraud.  Be careful.


And if you follow the site link and pay attention to its design, then its appearance resembles the last century and confirms that no one tried to invest at least a little money in this resource.  At the same time, the team said that they have no intentions to conduct ico.

 But the most important thing is the condition of the company’s signature, 20 posts per day, which will definitely provoke spam on the forum.  Many users will be seduced by such a generous reward.
 Thanks for your attention.

[Chikito]

And again we calculate that:
 20 Posts / 250 tokens = 5000 tokens per day,
 5000 x $ 0.2 = $ 1000

How you calculated that price? even tokens not yet listed on any exchange?

nah, found this on bounty thread

Currently OKU coins is not listed on any exchanges. The price of $0.2 per OKU according to the team is a starting price for the coin once the start trading. <..>

Maybe not $1000/day, I Things $0.001/day then listing an exchange

[wxxyrqa]

And again we calculate that:
 20 Posts / 250 tokens = 5000 tokens per day,
 5000 x $ 0.2 = $ 1000

How you calculated that price? even tokens not yet listed on any exchange?

nah, found this on bounty thread

Currently OKU coins is not listed on any exchanges. The price of $0.2 per OKU according to the team is a starting price for the coin once the start trading. <..>

Maybe not $1000/day, I Things $0.001/day then listing an exchange

If it were an investment company or a new cryptocurrency exchange project, then I would have had much less doubt.  If you find these numbers in a bounty topic, aren't the team too strong ambitions?

[Rikafip]

 But the most important thing is the condition of the company’s signature, 20 posts per day, which will definitely provoke spam on the forum.  Many users will be seduced by such a generous reward.
 

That rule might cause spam, but i don't think that quality posters will jump on this offer. It might mainly attract those spammers that were banned from Cryptotalk campaign.


But yeah, i agree that these numbers are completely off. After all, that 0.2 USD per OKU is their own valuation of the coin, and there is no way that it will keep the same price once listed, considering how easy they share 200K USD worth of coins for 4 weeks of signature campaign.

[yahoo62278]

Out of all the bounties that have been advertised on this forum, how many paid tokens that were actually worth something? I'm sure that number is under 10%. Out of all the bounties launched on this forum, how many were worth the value advertised in the bounty? I'll bet the answer to that is less than 1%.

Regardless of what they offer, the end value is a token and likely will be worth a fraction of what they are advertising so it's likely that less than 20 users will even join the campaign.

[Mr.ZODIAC]

The reward is really very oily, even though most bounty companies do not pay what they promise.  Nevertheless, if a crowd of hunters gathers, because there are no restrictions, the work will be done enormously and completely for nothing.  20 posts a day is cool. 

[tvplus006]

20 Posts / 250 tokens = 5000 tokens per day,
5000 x $ 0.2 = $ 1000

"To promise does not mean to marry")
But the promise of large payouts for the bounty can be attributed to fraud. The ICO team must understand that it will not be able to pay $ 30,000 per month per participant. Nevertheless, she promises such payments. I think ICOs like Swirge will not be able to collect anything at all.

[JeromeTash]

And again we calculate that:
 20 Posts / 250 tokens = 5000 tokens per day,
 5000 x $ 0.2 = $ 1000

How you calculated that price? even tokens not yet listed on any exchange?

The creators of the token just woke up one day and said "Hey, our token is worth $0.2"
This does not mean that when it hits the market it will sell at $0.2. People forget that market value of something is driven by demand and supply.

So what I am looking at is someone making 20 posts per day for 5000 tokens which will be worth $0.000001 per token when they get listed on exchanges. Literary someone could get $0.05 for every 20 posts. People should open eyes. This is not 2017 where ICO have hype and people are stupid to buy useless tokens from exchanges.

[wxxyrqa]

Out of all the bounties that have been advertised on this forum, how many paid tokens that were actually worth something? I'm sure that number is under 10%. Out of all the bounties launched on this forum, how many were worth the value advertised in the bounty? I'll bet the answer to that is less than 1%.

Regardless of what they offer, the end value is a token and likely will be worth a fraction of what they are advertising so it's likely that less than 20 users will even join the campaign.

dear yahoo62278, I know you as a truly professional and honest Bounty manager who thoroughly knows how this whole system works.  I completely agree with your opinion that most of the Bounty companies that operate today do not even fulfill a tenth of what they promised for hunters.  Nevertheless, I’m sure that you, as a Bounty manager, always control the quality of the work done by the Bounty Hunters, but in this case I doubt that the unknown person who controls the Swirge Bounty company will do it as well as you  .

20 Posts / 250 tokens = 5000 tokens per day,
5000 x $ 0.2 = $ 1000

"To promise does not mean to marry")
But the promise of large payouts for the bounty can be attributed to fraud. The ICO team must understand that it will not be able to pay $ 30,000 per month per participant. Nevertheless, she promises such payments. I think ICOs like Swirge will not be able to collect anything at all.

I want to draw your attention to the fact that the team stated that it was not going to conduct any ico.  This is another question that remains unanswered, where are they going to take that kind of money.

The reward is really very oily, even though most bounty companies do not pay what they promise.  Nevertheless, if a crowd of hunters gathers, because there are no restrictions, the work will be done enormously and completely for nothing.  20 posts a day is cool. 

I am sure that because of this Bounty company, many forum participants will still suffer who will not delve into the essence of the problem and who will definitely be accused of spam.

[FIFA worldcup]

Out of all the bounties that have been advertised on this forum, how many paid tokens that were actually worth something? I'm sure that number is under 10%. Out of all the bounties launched on this forum, how many were worth the value advertised in the bounty? I'll bet the answer to that is less than 1%.

Regardless of what they offer, the end value is a token and likely will be worth a fraction of what they are advertising so it's likely that less than 20 users will even join the campaign.

Many more people people will join this , not because they are paying high in tokens but because the duration of the campaign is only 4 weeks. I have seen people working for bounties 4 to 6 months and gets nothing is return. Short duration bounties are better and many will give it a try.
Greed is another factor which will make this campaign successful too 

[ryzaadit]

Yeah, high reward, but also don't forget at the end of bounty you will get of this :

• Cut Reward by Developer
• Introduce KYC System went at the beginning they said we don't need to do a KYC (Classic Reason: To avoid cheating/fraud)
• Delay Payment
• Another Promise

Since the payment using a token, I'm not really surprised this it's not the first time i see a bounty with high estimation payment using a token. I have my own DD, this kind of bounty i will skip it cause the economy token prize will be destroyed with bounty hunter and just wasting my work.

-snip-

Seem like you already know how to make due-diligence for some bounty. Then just use your own DD, if you feel the bounty not really realistic based on your survey/review then avoid. A good user always makes their own DD no just using a popularity BM Name, except for a bounty who just rushed went new bounty was born.

[wxxyrqa]

-snip-

Seem like you already know how to make due-diligence for some bounty. Then just use your own DD, if you feel the bounty not really realistic based on your survey/review then avoid. A good user always makes their own DD no just using a popularity BM Name, except for a bounty who just rushed went new bounty was born.

I understand what you are hinting at, but I believe that not only the hunter, but also the bounty team of the company must fulfill all the conditions of the transaction.  In my case, the spreadsheet has not been updated for four weeks now and no one answers questions.  Each of us must value our work.  If not us, then who? 

[Rikafip]

Regardless of what they offer, the end value is a token and likely will be worth a fraction of what they are advertising so it's likely that less than 20 users will even join the campaign.

Seems like you underestimated level of greed and lack of judgment of an average bounty hunter. Despite all those red flags, almost 50 people already joined signature campaign...

What is even worse, after bounty is over  they will expect that those tokens will worth all those thousands of dollars as promised, but of course that won't be the case. And then some of them will come here and cry how they have been scammed and whatnot.

In so many cases bounty hunters are as much as responsible as those that create these kind of bounty campaigns. If bounty hunters do their own due diligence and choose projects wisely, there would be way less shitty bounty campaigns.

[ryzaadit]

I understand what you are hinting at, but I believe that not only the hunter, but also the bounty team of the company must fulfill all the conditions of the transaction.  In my case, the spreadsheet has not been updated for four weeks now and no one answers questions.  Each of us must value our work.  If not us, then who?  

Like what i said, make your own DD.

First of all, you want to talk about what? The distribution token for the bounty campaign or the bounty update spreadsheet, you started the thread topic and discuss about how the reward distribution, not the bounty update.

About the bounty spreadsheet is the duty of "Bounty Manager", you should ask him. Since the team hiring a non-popular BM without some portfolio don't hope too much from the BM for the progress of bounty.

[wxxyrqa]

I understand what you are hinting at, but I believe that not only the hunter, but also the bounty team of the company must fulfill all the conditions of the transaction.  In my case, the spreadsheet has not been updated for four weeks now and no one answers questions.  Each of us must value our work.  If not us, then who?  

Like what i said, make your own DD.

First of all, you want to talk about what? The distribution token for the bounty campaign or the bounty update spreadsheet, you started the thread topic and discuss about how the reward distribution, not the bounty update.

About the bounty spreadsheet is the duty of "Bounty Manager", you should ask him. Since the team hiring a non-popular BM without some portfolio don't hope too much from the BM for the progress of bounty.

I’m sorry, friend, apparently I really didn’t understand you, because we are talking about the corresponding bounty company, and I took the answer to my account.  I apologize.

[tvplus006]

...Seems like you underestimated level of greed and lack of judgment of an average bounty hunter. Despite all those red flags, almost 50 people already joined signature campaign...
...

I have not seen so many participants in this campaign signature. Spreadsheet reveals that only 6 members joined Signature Campaign Swirge. We wish them good luck)

[Rikafip]

...Seems like you underestimated level of greed and lack of judgment of an average bounty hunter. Despite all those red flags, almost 50 people already joined signature campaign...
...

I have not seen so many participants in this campaign signature. Spreadsheet reveals that only 6 members joined Signature Campaign Swirge. We wish them good luck)

Ah you are right, i stand corrected,thank you. What i actually saw was Facebook part of the campaign with that many participants. I shouldn't write early in the morning before i had my coffee

[wxxyrqa]

I understand that the guys are not going to give up and are starting to offer more and more dubious offers for bitcointalk users.  
October 19  placed another topic in the Marketplace: Service:
https://bitcointalk.org/index.php?topic=5194320.msg52813419#msg52813419.
 In this case, the Bounty company has already come up with to offer not only its tokens for the work done, but also the minimum amount of Bitcoin in order to attract more participants.  But in my opinion this is another manipulation, because their actions aimed at making the Bounty company offer similar to the most popular bounty companies on bitcointalk, which pay rewards in Bitcoin.  Definitely, such a Bounty company will attract only stupid participants, because no one will believe in their promise.  This whole company will fly out very suspiciously, because if professionals worked on this project, then they would analyze the market and understand that such a high price of the token is unrealistic for them.  And to promise such an overly unnatural reward for the participants is another manipulation.

[Rikafip]

I think that they added BTC as reward to be able to post their bounty in Service section, with all those other BTC campaigns. But the amount of BTC they offer is ridiculous, for a Steemit article with 500+ upvotes they offer 0.00001000 BTC and 1000  OKU. No one in their right mind will even bother to do that, it might only attract someone to wrote some useless c/p.

They are a bit too aggressive and it might backfire.

[JeromeTash]

In this case, the Bounty company has already come up with to offer not only its tokens for the work done, but also the minimum amount of Bitcoin in order to attract more participants..

Lol, i also saw the new bounty thread earlier on. The amount of bitcoins offered is not even worth a normal bitcoin transaction fee. Any bounty hunter who joins this campaign would be so gullible.