Although this did not affect me negatively (it actually benefited me), I have to voice my disappointment at the Crypterium Team regarding the bounty campaign distribution changes (please note the issue is with the actual team behind Crypterium and NOT the bounty manager, who has been transparent with these issues). Here is the announcement regarding the bounty program changes:
https://medium.com/@crypterium_io/crypteriums-bounty-program-final-results-58fbb5750e2cCrypterium was a project that caught my eye because I felt their product was something I could actually use (ironically I learned about it from one of the signature campaign participants). However, reducing bounty allocations after a final announcement has been made, only to benefit 14 new unregistered participants is completely unprofessional. Sure, your whitepaper's bounty structure (item 6.4) claimed that: "The exact distribution of CRPT tokens for the marketing campaign is managed by the ICO organisers and adjusted regularly ..." and I can understand you making "adjustments" early in the campaign, maybe even half way after seeing how things are going (always notifying participants to see if they wish to continue under the new terms), but you can't change the terms after making formal announcements such as:
1. On January 10th, 2018 you release an announcement regarding the bounty program that states:
"The stakes and reward sizes for each Bounty Program participant will be individually calculated by the end of January, based on said participant’s activity. Attention! By January 20, please make sure you’ve provided the correct Ethereum wallet address ... " (
https://medium.com/@crypterium_io/crypteriums-news-bounty-program-7735eecd8f07)
2. On February 5th, 2018 Bounty Manager posts the final spreadsheets on the bounty thread announcing that:"The final spreadsheets with the official amount of tokens you'll receive are here: ... " (post #1118:
https://bitcointalksearch.org/topic/m.29623298)
Crypterium Team: You should honor these announcements. If you felt the need to add new participants (after calculations had been completed and final stakes awarded) because you thought their "activity proved to be very beneficial to our project" or to increase the Video & Blog Bounty because "It proved to be great at boosting brand awareness and building up trust towards our product" that is awesome but pay it from the company's dime! You could have easily taken that extra amount from the "15%: Tokens allocated for marketing and loyalty purposes" as a portion of those also belong to marketing (same category as bounty). From a company perspective, it is not OK to lower someone's "salary" to increase someone else's (a bounty is a form of paid work and even your whitepaper refers to bounty campaign participants as "marketing campaign team"). But if you were planning on reducing someone's salary, you should have done it from your pockets ... oh, wait ... but why should the founders & team only be splitting 8'698,579.899 tokens instead of 8'998,530.93 (your allocated 9%)? It probably wouldn't seem fair to you, like it doesn't feel fair to bounty campaign participants.
If you can't keep your word on something as simple as a bounty campaign, what guarantee do investors have that you will fulfill what was offered on the whitepaper / roadmap? Right now I don't feel like this is a team I can trust, and will more likely dump my CRPTs first chance I get, as well as post my thoughts in Social Media so that more users are aware of what is going on unless this issue gets fixed.
Crypterium team, it doesn't take very long to destroy one's reputation, and it would be sad if Crypterium became one of those failed ICOs because of issues and poor decision making post ICO (especially because I do think you have a good product).