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Author Topic: Crypto-related news, DESICO bounty failed  (Read 189 times)

Offline piandex

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Crypto-related news, DESICO bounty failed
« on: January 02, 2019, 04:07:03 PM »
Message from desico admin

Website: Desico.io
https://t.me/desicochat

Nabasa ko lang sa telegram channel nila. Ongoing pa ang mga violent reaction ng mga bounty hunters. As of jan 03 2019 12:11am (manila time)


Quote
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. Thatís 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

Offline Gwapoman

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Re: Crypto-related news, DESICO bounty failed
« Reply #1 on: January 03, 2019, 08:31:09 AM »
dami na naman naaksayang oras ng mga participants dahil sa mga palpak na project tulad neto!last year lang feeling ko ang ratio ng successful at failed projects is nasa 1:15.dapat talagang mas maging mahigpit ang mga platforms or forums na nagpapatupad ng mga nagpapabounty para di maaksaya ang oras ng madameng bounty hunters..ang CTW ay balak mgooffer ng CTW tokens para compensation para sa mga failed bounty projects na papatakbuhin sa forum pero i think may mas magandang solusyon pa na pwede tyo magawa para mas maging organisado at maayos ang kalakaran ng bounty hosts at ng mga hunters..

Offline piandex

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Re: Crypto-related news, DESICO bounty failed
« Reply #2 on: January 03, 2019, 08:26:00 PM »
Uu nga. Kakatamad mag gawa ng ng drive at sa huli alang payout. Hahah yung compensation ayos yun na drive. Kasi parang guarantor ang site diba para ganahan naman mga members sumali sa campaigns

 

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