Topic: 🔴[ANN] DESICO - The world's first platform to issue and trade security tokens🔴 - page 4. (Read 55716 times)

I have some bad news for all the investors - you have been scammed too, their STO was fake and they did not raise $1 million as they say.
Also they have committed an identity theft - about 1,000 stolen passport copies and national identity cards, however they were not allowed to collect personal data. Never ever have any financial deals with post-soviet countries.
You can contact Lithuanian police authorities here: https://policija.lrv.lt/en/

DURING BOUNTY CAMPAIGN


This is from your team when we were working

Ingrida Willems DESICO Community Manager

✅ IMPORTANT INFORMATION REGARDING DESICO KYC FOR BOUNTY PARTICIPANTS. 

✅ BOUNTY ended on November 8th. Please contact @ibgceo regarding count of stakes. 

✅ We ask you to complete KYC and AML procedures AFTER the DESI token sale first round finishes on November 30. We will then be able to allocate more time to you and guide you through KYC if you experience any problems. 

✅ DESICO KYC will be open until token distribution which is set on the beggining of February 2019. KYC/AML procedure will be required in order to claim earned tokens, the same at it was when we were planning to have DESI utility token crowdsale. It was announced in bounty conditions 

AFTER BOUNTY CAMPAIGN

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

I think you did not understand, I mentioned that the bounty campaign participants struggled to promote DESICO, but for the note made available on the telegram it seems that DESICO will not pay anything to the participants

Desico team promised to pay hunters for work they offer but after the work is done they go against the agreement we had
What is the tendency they will deliver what they promised investors
If you are an investor please be wise and don't buy second round cut your loss

Well, after a lot of efforts from the bounty campaign participants, 11 weeks divulging this project, the Desico drop a note apologizing to the participants. I have and pity the investors, will it still be credibility DESICO?

Lol not credible they just say thanks and apologies after 11 weeks of campaign, does not make sense. This really makes me annoyed how it might work as long as it is only paid by 1 or 2 broken words. If they regret it, at least they pay a fraction of that is supposed to received participants of the bounty.

If you want to give your money to desico, read how bounty employees' has scamed. they worked for them for a few months, they got "im sorry" for the work


https://bitcointalksearch.org/topic/desico-is-a-scam-5092272

polymath is more compliance than DESICO still they airdrop tokens and paid for their advert.

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


Link to above post on the forum
https://bitcointalk.org/index.php?topic=5092272.new#new

looks like a classic example that we really need an escrow to make all these work for us. i am in their telegram and don't know for sure if the announcement indeed comes from the admin but what they said was that because its STO, they can not pay the bounty hunters as dictate by the law. how fuckedup could that be for the participants?
worse was that they collected KYC.

Stay away from this project. the desico team are the liar. Desico team of the bounty they stole  personal ID cards from all bounty participants. full verification KYC, after which they said that they do not pay a lot of months for the campaign

Please this injustice must stop, DESICO team said they will not pay us.
I have created a threat please drop you comment and give a suggestion how we can get our reward
https://bitcointalk.org/index.php?topic=5092272.new#new
Please repost the thread we need it to go far.

There is a new post on Telegram, and unfortunately it seems they will not pay us a cent. This is absolutely scum of the earth behaviour and I hope that everyone involved in the project goes bankrupt and ends up on the street. Shame!!

Can you please answer the following question since I have not gotten an answer from one of the moderators on telegram channel yet.
You raised $1 million on ICO but you have promised to pay $500k for bounties. Are you really going to pay out half of the raised money for bounty campaigns?

DESICO raised $1M during the first part of its STO and is now open for business https://medium.com/@desico.io/desico-raised-1m-during-the-first-part-of-its-sto-and-is-now-open-for-business-5aa7924b4d7c

DESICO STO Now Over, Results Announced Next Week!
https://medium.com/@desico.io/desico-sto-now-over-results-announced-next-week-e72b8166c8c

After almost a year of working on it, the DESICO Security Token Sale has finished, and we would like to say a MASSIVE thank you for investing in our DESI security token! Without you and your investments big and small, we would not be able to reshape the financial landscape of the future via security tokens — you can be assured that this is just the very beginning of our journey together.

Now the STO is over, we have to let you know about a few other things — firstly, we will NOT be accepting any investments into our DESI token after 16:00 UTC today — that’s November 30th; secondly we will be announcing the results of our STO NEXT WEEK, so that will be the week beginning December 3rd.

How will they convert the computation for the old ICO tokens to STO tokens? I haven't found any reference to that.

Great bit of information provided by desico on STO data https://stmarket.co/en/STO/43/Desico.html

I totally agree with you she’s a gem for sure, and it’s great that desico have decided to keep the sto open for another week gives me a chance to grab some more desi tokens.

Without a doubt!!! Ingrida rocks!!