🕵️‍♂️Student Coin Team are Scammers in Disguise, Refused Paying Hunters Reward

[lovesmayfamilis]

Same old trick, and again victims are poor bounty hunters.

Don't call them poor, but call them stupid. How many times have we written here, that you need to check all the flags of the companies that hunters are going to support? Instead of creating telegram groups to create lists of new bounty programs, it is high time to create a group for training and recognition for scams. The forum often warns of bounty scams, but bounty hunters only show up here when they are being deceived again. The rest of the time they have no time to write here.
But with the emergence of new projects and the promise of big money, the hunters do not learn from their old mistakes, and again begin to "work day and night" to advertise scams.
It is useless to write warnings, it is useless to feel sorry for them. Anyone who is smarter leaves these activities, but for everyone who remains it is not enough that they are so often fooled.

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[Mr.Scott]

Same old trick, and again victims are poor bounty hunters.

Don't call them poor, but call them stupid. How many times have we written here, that you need to check all the flags of the companies that hunters are going to support? Instead of creating telegram groups to create lists of new bounty programs, it is high time to create a group for training and recognition for scams. The forum often warns of bounty scams, but bounty hunters only show up here when they are being deceived again. The rest of the time they have no time to write here.
But with the emergence of new projects and the promise of big money, the hunters do not learn from their old mistakes, and again begin to "work day and night" to advertise scams.
It is useless to write warnings, it is useless to feel sorry for them. Anyone who is smarter leaves these activities, but for everyone who remains it is not enough that they are so often fooled.

That's right, however there is a psychological game around the corner and only few can go through it successfully. Bounty Detective introduced two rounds of Student Coin Campaign. First round bounty rewards have been successfully distributed to participants but STC CEO introduced his drama right after 3 month long bounty program, however STC SEO have no issue on first round. STC team not only reduced the bounty pool but disrespect to all the STC supporters. So, hunters have no clue STC team could play with them their dirty game.

[Japinat]

Everyone should report Student coin all social media account.This is huge scam with bounty hunters.Thanks bounty detective for posting about scam about Student coin.

There should be an organized group to do that so the effect will be big.

STC let everyone down, we never know they will scam us since they raise a good amount of money and they can afford to get listed in big exchanges.
It's not they don't care about their project, they just don't think that bounty hunters can destroy their reputation.

let's prove them wrong.

[nutildah]

There seems to be absolutely no quality control in Bounty Detective's campaigns whatsoever.

I think that's more of a rule than exception when it comes to bounty campaign. Thing is, quality control is not in anyone's interest (sometimes maybe not even client's) because if it was, 90% of bounty hunters wouldn't be able to join any campaign and bounty managers are  mostly interested in number of participants that they can show to their clients.

I think its in the interest of the campaign and the honest participants in the campaign that tokens not be paid for low-quality work that would result in zero meaningful traffic being directed to the project website regardless of what the project itself was. It cheapens the value of the token for everyone if the project is basically just performing airdrops under the guise of a bounty.

Regardless, we still don't know the details of the arrangement.

[bakasabo]

I would not pay for such low quality work either.

There seems to be absolutely no quality control in Bounty Detective's campaigns whatsoever.

I agree that low quality work should be paid, but this should be discussed before bounty campaign started. And quality control team should involve on several bounty stages, but not month after campaign is ended. But saying like "you know, months has passed since you've done your work, and we decided to check if it was useful for us or not" is an act of cheating.

I agree that there is no quality control from BM side. They just select "first X participants" in campaign and check if they done weekly campaign tasks.

On the other side, how can quality be checked, when twitter of facebook campaign have rules "retweet with hashtag". How could the team separate redirect made to projects webpage from their tweet from same tweet with hashtag?

[Japinat]

I would not pay for such low quality work either.

There seems to be absolutely no quality control in Bounty Detective's campaigns whatsoever.

I agree that low quality work should be paid, but this should be discussed before bounty campaign started. And quality control team should involve on several bounty stages, but not month after campaign is ended. But saying like "you know, months has passed since you've done your work, and we decided to check if it was useful for us or not" is an act of cheating.

I agree that there is no quality control from BM side. They just select "first X participants" in campaign and check if they done weekly campaign tasks.

On the other side, how can quality be checked, when twitter of facebook campaign have rules "retweet with hashtag". How could the team separate redirect made to projects webpage from their tweet from same tweet with hashtag?

Low quality work might be applicable for other types of campaign, but for the signature campaign, it's more on the post characters requirement most of the time and not spamming the forum, and you are right, there seems to be no quality control at all, and all of that is still useless as they will not pay the bounty hunters anyway.

[slashz9]

CEO of Student Coin in telegram channel pinned post says that bounty hunters generated almost nothing, said that bounty hunters made low quality content and did not help to promote project at all. That can be true, sometimes bounty hunters share retweet post info only among each other, sometimes work they do are useless. But that does not mean they must not be paid what they were promised. It was Student Coin fault not to follow how bounty was doing and if it brings any success. They should have stopped bounty as soon as they saw it brings no result. It is completely Student Coin fault that such situation appeared.

I am not surprised that CEO of Student Coin said that about inefficiency of bounty hunters, and bounty campaigns in general. Bounty hunters follow each other, make copy/pasted articles and generally have  no reach. Can you imagine someone buying coin just because someone with questionable English level wrote some useless article on the completely irrelevant blogging platform that only other bounty hunters use.

As you said, all this doesn't mean that bounty hunters shouldn't be paid for their work, unless they set some metrics on which the bounty payment depends on.

it is difficult but that's the fact I have also seen a collection of articles that are exactly the same as done by some of the campaign participants.
yes, there must be regulations, but this cannot be certain because being a worker on a project like this cannot entail a definite payment guarantee, unless they do an early esrow.

[Teriaki1979a]

We are a group of investors and we hold a decent amount of Student Coin so we are concerned about this situation. We don't know who is right and who is wrong simply because neither STC Team or Bounty Hunters are willing to reveal the agreement contract. We find it very weird and shady when both sides claim to be right but no one is willing to provide the contract with all the rules and requirements. Please provide us the full information of the contract to make things clear. Thank you.

[Kittygalore]

We are a group of investors and we hold a decent amount of Student Coin so we are concerned about this situation. We don't know who is right and who is wrong simply because neither STC Team or Bounty Hunters are willing to reveal the agreement contract. We find it very weird and shady when both sides claim to be right but no one is willing to provide the contract with all the rules and requirements. Please provide us the full information of the contract to make things clear. Thank you.

The investors and the bounty hunters are the ones that is on the pinch in this situation, the team can just abandon everyone and make it a scam but I have high hopes that the team is going to do the work that is needed to clear all this problem.

[Teriaki1979a]

The investors and the bounty hunters are the ones that is on the pinch in this situation, the team can just abandon everyone and make it a scam but I have high hopes that the team is going to do the work that is needed to clear all this problem.

This is totally clear that's why we are concerned. But why no side providing full information?

[Kittygalore]

The investors and the bounty hunters are the ones that is on the pinch in this situation, the team can just abandon everyone and make it a scam but I have high hopes that the team is going to do the work that is needed to clear all this problem.

This is totally clear that's why we are concerned. But why no side providing full information?

I don't know the answer to that but that might be because that's also how companies don't disclose info to the people who invested in their stocks, just wait it out and see what happens next.

[Niduck]

The Bounty Hunters underperformed, therefore they were underpaid.
You have all the explanation in the screenshots you attached yourself.
The results were basically not worth of the full price.

[Fivestar4everMVP]

We are a group of investors and we hold a decent amount of Student Coin so we are concerned about this situation. We don't know who is right and who is wrong simply because neither STC Team or Bounty Hunters are willing to reveal the agreement contract. We find it very weird and shady when both sides claim to be right but no one is willing to provide the contract with all the rules and requirements. Please provide us the full information of the contract to make things clear. Thank you.

The investors and the bounty hunters are the ones that is on the pinch in this situation, the team can just abandon everyone and make it a scam but I have high hopes that the team is going to do the work that is needed to clear all this problem.

Haha, if you are thinking that the student coin team are going to turn around now and decide to make another round of payment to bounty hunters all in the name of clearing all this problem, then think again mate, this isn't even a problem to student coin team, I mean they have all the money to drive stc to success even amid all the fud and anger from bounty hunters, am also participated in student coin bounty myself, and it's not like am happy with the way the whole payment process went, but then, there isn't much I can do, so I've just decided to forget about all the fud and move on, even to prove to myself that I have forgiven student coin team, I decide to invest some good amount of money on stc which I bought yesterday, so I advice everyone of us to forget about all this fud on student coin and move on, all this fud won't make or break student coin.

[suchmoon]

I agree that low quality work should be paid, but this should be discussed before bounty campaign started. And quality control team should involve on several bounty stages, but not month after campaign is ended. But saying like "you know, months has passed since you've done your work, and we decided to check if it was useful for us or not" is an act of cheating.

If you promise me to deliver a cow three months from now, I will not pay if you deliver a goat. And I shouldn't need a "quality control team" to check if you have a cow, if you're milking it on time, and if you're hiring responsible employees who aren't gonna eat the cow for dinner one day.

The question is whether BountyDetective promised a cow, a goat, or a dead squirrel. They seem to have delivered the latter but I doubt that was the deal.

[Japinat]

I agree that low quality work should be paid, but this should be discussed before bounty campaign started. And quality control team should involve on several bounty stages, but not month after campaign is ended. But saying like "you know, months has passed since you've done your work, and we decided to check if it was useful for us or not" is an act of cheating.

If you promise me to deliver a cow three months from now, I will not pay if you deliver a goat. And I shouldn't need a "quality control team" to check if you have a cow, if you're milking it on time, and if you're hiring responsible employees who aren't gonna eat the cow for dinner one day.

The question is whether BountyDetective promised a cow, a goat, or a dead squirrel. They seem to have delivered the latter but I doubt that was the deal.

That's how a scam project works, they seemed to make it complicated for bounty hunters so they can qualify their scams.

According to the bounty manager, the team had already said that they will not pay the bounty hunters, there's nothing we can do now to collect the real amount of bounty, we can only conclude that they deceive the bounty hunters to raise more funds.

Thanks for all the support of the DT members here, I really appreciate your comments, you've done your job very well guys, keep it up.

[Daveprofile]

A HIDEOUS CRIME CARRIED OUT BY A CRYPTOCURRENCY COMPANY CALLED STUDENT COIN

On the 29th of January 2021, the core team of Student Coin reached out to a promotion agency called Bounty Detective to carry out a promotional campaign on their behalf. The Student Coin core team agreed to pay 200 million STC tokens worth then $1 million to the Bounty Promoters two weeks after the promotional exercise ended. The exercise was designed to last for 12 weeks and spanned across various campaigns such as Social Media Campaigns, Translation Campaigns and Video Campaigns to mention a few.



The essence of a promotional exercise is to create awareness and to orientate investors on the intricacies, activities and objectives of a cryptocurrency project. Upon the successful orientation, the investors can decide to participate in the Initial Exchange Offering for the purpose of financially supporting the project. The Investors are rewarded with tokens at an affordable rate with the intention of reaping profit when the token gets listed in a stock exchange and appreciates in value.



Bounty Detectives promoters diligently engaged in this exercise and raised $70 million for the Student Coin Company, again the promoters’ efforts attracted more than Twenty Eight Thousand Community members to the Student Coin Community group. These members were investors.



Bounty Detective is a medium scale company that is global in nature. Its core team has less than ten staff but more than Two Hundred thousand active promoters. The team is predominantly based in Europe and Asia. Bounty Detective receives promotional offers from accredited Cryptocurrency Companies. Upon the conclusion of a contract; the team presents the job to its community members who apply to work for a stipulated duration of time. The team is compassionate, diligent and truthful to its community members and prioritises their welfare and safety above anything else.



Student Coin on the other hand is a project that comprises of more than 500 Universities under its umbrella. These universities consist of Harvard University, Stanford University, University of Warsaw, New York University, Imperial College University and Kozminski Universities to list a few. They are also available in 36 countries. The genuine purpose of the Student coin project was to enlighten undergraduate and graduate students on the essence and intricacies of the Cryptocurrency market, Cryptocurrency exchanges, Decentralized Finance and Blockchain technology. Student coin also aimed to teach students about personal finance, allowing them to trade, invest and learn about digital assets. The Student Coin core team proposed to build the globe’s largest educational database.

 

THE PROBLEM

The Student Coin core team approached the Bounty Detective Company to execute a promotional exercise on their behalf. This was the second campaign the Bounty Detective (BD) core team was conducting for Student Coin. The first Campaign was conducted last year and upon the successful completion of the first campaign and the tremendous result achieved, the Student Coin Core team decided to run a round two promotional campaign which was grand in nature. The payment for the first campaign was successfully distributed to the Bounty Detective’s participants in their respective wallets and there was no cause for alarm; everyone went home smiling.

 

During the aggressive promotion for the round two promotional exercise, the STC digital asset appreciated from $0.005 per token to around $0.07 per token. It was clear that the promotional exercise was yielding tremendous results coupled with the acceleration of the cryptocurrency market by the present Bull Run. The promoters were happy and continued working hard. The total payment was expected to be above $10 million or the initially agreed 200 million STC tokens. But upon the completion of the project, the Student Coin Core team realized that they would have to pay “so much money” to the Bounty Detective Promoters and devised a scheme to trick them.



Firstly, the team said they would offer the promoters the options of receiving their payment in the initially agreed STC or in Ethereum. The purpose of this option was to preserve the price of the STC token from promoters who would want to sell immediately after their payment. The promoters saw this as an excellent offer. Some decided to get the ETH digital asset payment and some still decided to receive their work payment in STC form. We all filled out a form to this effect.



Couple of hours later, the Student Coin core team sent a message to the Bounty Detective team that all payment would be made in Ethereum form in total estimation of the current price of the 200 million STC digital assets. A lot of people still welcomed the idea, but some started speculating in their minds. The Student Coin core team restricted access to write in their Bounty Telegram group and left the view only option available. Not less than 1500 Bounty Detective promoters participated in the Campaigns and they were all shut out by the Student Coin core team.

 

On the 23rd of May 2021, a Sunday to be precise, the Student Coin core team distributed less than 5% of the total agreed payment. I myself was expecting to receive $10,500 in Ethereum or approximately 420,000 STC tokens for my work performed across Twitter, Linkedin and Publication Campaigns but I was paid $220 for them all. It was like a mirage, the entire 1500 promoters stormed into the Bounty Detective group since they received similar treatments and the commotion began.

 

STUDENT COIN CHIEF EXECUTIVE OFFICER VS BOUNTY DETECTIVE CHIEF EXECUTIVE OFFICER.

The Bounty Detective Chief Executive Officer quickly communicated with the Studen Coin CEO and his real hideous intentions were revealed. He claimed that our work did not generate any traffic to his site and that our work was totally useless. The Bounty Detective CEO tried to remind him of their initial agreement and that breaking the agreement was not allowed. Multiple companies pay the promoters their full wages whether the fund raising exercise were successful or not.  It was an initial agreement that was reached before a promotional exercise was initiated.



The CEO of Bounty Detective pleaded with the CEO of the Student Coin Company not to do what he was proposing to do. We raised $ 70 million for them. Promotional exercises are conducted to let investors know that sales are going on for a particular project. Upon an internal deliberation from an investor, he or she can decide to head to a website and make a worthy purchase to support a project. It is never mandatory that a purchase must be made from a promoter’s link. Infact, from the Student Coin’s core team, this would attract a 20% bonus for any promoter that successfully sells through his or her referral link. But primarily, our work is to orientate investors on the need to partake in a project through various selling points.



The Bounty Promoters have reported to the officials of Coinmarketcap, Kucoin and other numerous exchanges Student Coin’s digital asset STC is listed on, Bitcointalk high ranking officers and to other investors in Twitter platform have also been notified by the Bounty Participants. The promoters have been depressed since the heinous crime was performed.

 

A HUMBLE GOVERNMENTAL INTERVENTION

I humbly request the Polish authorities to step into this matter. The Student coin Head Quarter registered as Student Coin Edu Chain Limited and is located in Malchowski Square 4, 00-066 Warsaw Poland. The name of their Chief Executive Officer (CEO) is Wojciech Podobas and his personal number is +48694458409.



I am reporting to the Polish Police Authorities, Security and Exchange Commission and Internet Crime and Complaint centre, a division of the Federal Bureau of Investigation (FBI) for their thoughtful intervention.



These kinds of actions are unthoughtful and uncalled for. Labourers should be rewarded their wages.

I humbly request that the Polish Police authorities order Mr. Wojciech Podobas, the CEO of Student Coin to pay us our complete funds.



Attachments, regarding proof of the events would be attached.

I hope justice is served and that International Labourers are paid their wages from Polish Companies.

I anticipate your swift positive action,

[Rikafip]

Bounty Detectives promoters diligently engaged in this exercise and raised $70 million for the Student Coin Company, again the promoters’ efforts attracted more than Twenty Eight Thousand Community members to the Student Coin Community group. These members were investors.

C'mon man, you really think that because of bounty hunters activity Student Coin managed to raise $70 million? Out of curiosity, I decided to check your Twitter and work that you done for Student Coin Bounty, so here are few examples of your tweets:
https://twitter.com/okocha_chika?s=08



Your whole Twitter history consists of similar tweets; few tags and link of the original tweet. Despite having more than 10,000 followers, the only likes you were getting for these tweets are your own (LOL), so what kind of reach are we talking about here? No one liked/retweeted/commented on your tweets, yet you claim that bounty hunters like you had  main role in Student Coin raising $70M. For that work you were supposed to get ~64,000 tokens that are currently worth ~$960. Insane amount of money for such subpar work and non existent reach.

For that amount of money (200 million STC currently worth $3M) Student Coin could have hired some top tier Twitter/YouTube influencers and pay for professionals writers with the real reach, so no wonder that when they saw the work, they dramatically reduced the bounty pool.

Don't get me wrong, it sucks that bounty hunters keep getting scammed over and over again, but you should really consider some due diligence before joining bounty campaign. You see campaign with inflated bounty pool like in this case? Instant red flag, as simple as that!

[suchmoon]

C'mon man, you really think

To be fair, "Dave" here doesn't think. I'm pretty sure the wall of text was copied from some telegram thingy or wherever BountyDetective AKA Vispilio posted that shit.

[Rikafip]

To be fair, "Dave" here doesn't think. I'm pretty sure the wall of text was copied from some telegram thingy or wherever BountyDetective AKA Vispilio posted that shit.

Hah yeah, you are probably right. It still baffles me how bounty hunters (and Dave here is not an exception but a rule, I saw that before ) think that they are somehow crucial for  altcoin project's success while in reality their reach is almost non existent. I can't imagine anyone reading some poorly written Medium article and then deciding to invest.

[nutildah]

As with everything else in this accusation, the $70 million figure is out of context. $70 million is the peak value of the ICO proceeds at ETH's highest price.

The ICO had a hard cap of $21 million which was raised well ahead of deadline. It concluded on April 23 or 24, but then the team extended "bonus funding rounds" which apparently brought the total raised to "above $50 million" by May 1st. The price of ETH (most of the funds were raised in ETH) went up almost a thousand dollars between May 1st and May 8th.

https://micky.com.au/student-coin-ico-hits-50-million-in-70-days-what-is-behind-the-hype/

On May 25th, the day this thread was opened, ETH had retraced back to its May 1st price. That means the ICO amount was $70 million only at ETHs peak.

Regardless, without posting the contract contents between the coin team and the bounty manager, this just looks like an extortion attempt to cash in on a successful project.

Clearly Bounty Detective was hoping to use sympathy from the Bitcointalk community as leverage (that idea already sounds stupid as I type it) for what appears to be an extortion scheme.

Coin teams need to pay more attention to the quality of work that precedes the bounty manager's reputation if they want to avoid issues like this.

xenon131

2020-10-10

Reference

Lying in revenge, not trustworthy

I would pay zero attention to what a bounty manager says and 100% attention to what they have demonstrated they can do.