Topic: [b]WARNING!!![/b] STRETCH TO EARN (Bounty): A Possible Scam (Read 181 times)

yeah i saw that today, but have u gone through the response to that tweet Back in april 10th By Mexc, some peeps some called it scam there.    Also Red Falcon had Bitmart, and 5 other excachange tweet about a listing, it was just a ruse.
also please check this question by someone in the group (which i think is a legit question too) and watch their answer if they will attend to it at all,   https://t.me/STNSBGROUP/130238




let me see if i can get a direct answer from Mexc.
Update
well upon asking Mexc official Telegram, I was Muted, (slow Moded if Thats what its called)
Their official Twitter Is yet to Respond.

the twitter page returned a message confirming that STN will be listing on the 9th seems i was worried for nothing;  1: https://ibb.co/bgM2xvZ
                                                                                                                                                                        2: https://ibb.co/0XrxKX9

understood your Point, But like i said, the Only reason i called this out is because of the antivirus software flag, and upon close observation i came to notice that they are making up there rules as they go, those that bought NFT cant see it, they are told to Wait till after the sales,  Those that spoke up are Banned for Fudding.
That Said, I did not make a conclusive claim that this Project is a Scam but a possible one a likeness of the just concluded Red Falcon Bounty Scam(which the antivirus Flagged too (i didnt listen then)),

I am not going to comment on whether this is a scam project or not as I don't have enough information about it. However, I want to comment on this point:
This is not correct. MEXC announced on one of their tweet they will list STN token soon although they didn't provide an exact date:

As I said, I just wanted to correct the above point and not saying the project is legit or anything like that. DYOR before investing!

You are assuming that this project is doing the way the other scam project did, but you have not provided important details that will make them scam right away, it should be conclusive, @holydarkness even provides details that verify some of the important details about the project.

But it's good that you presented this for further investigation, we have proven that ICO-backed projects are potential scams maybe not in their launching stage but they might do it later, they have the money after the ICO if they cannot keep up developing the platform, and many projects just folded up after their ICO even if there is no anomaly on how they present their project.

I'm sure you will continue to follow their course of action since they are in the spotlight and you will provide more details along the way, but it's better to call them out here so they can defend themselves and address all this.

Yeah, I understand, I think it's best to leave it be for now, 9th is just 3 days to go, here's is hoping for the best. (The delay was not any demand by community it's just made up. I followed the last scam closely, everything made sense until it didn't, just gradually shifting the launch date one good reason and another until they ran)

I find myself in a situation where I have quite a lack of interest jumping into a channel with 557 pinned messages and only-god-knows how many millions of chats were exchanged ever since its creation, but if you could help me better understand --I assume you've been on the channel for quite a while and familiar with their development-- the delay and new date was due to the community's demand?

Ok thank you for your efforts. You should please also observe their telegram channel. That said, their new list date 9th that is around the corner lets hope they list on Mexc for people sake.  Thank you.
Ps. If by any reason they extended again then is the same group of people that ran the rfn scam,

Moderators of the forum are not handling or intervening scam accusations, it is up to the community to detect and report scam accusations to warn each other.

I gave a look at your case, just some preliminary DD so it is not conclusive whether the project is legit, scam, or has a tendency of rug-pulling, but some elements of the project is verifiable. Their WP is not found to be plagiarizing from other sources, their team can also be traced back to each other's LinkedIn profile, all except one that's probably due to a broken link.

One thing that I'd like to be able to verify is their company license. According to google play their app is developed by "SBG Tech PTE Ltd.", however I can't check the registration of this company as Vietnam's Registry checker website is loading at a comatose-snail pace.

UPdate: Just like RFN they've gradually started shifting the Launch Date, From the 8th to the 9th of May.  https://t.me/STNSBGROUP/128785
(this is just to take in More Money nothing else)

Got your point, that is something I want to read in your first post that was not included we all want bounty managers who are responsible for the campaign they manage, and who will pause the campaign when there are pieces of evidence showing that the campaign is dubious and it looks like this one is dubious, so let's see if the manager is reputable enough to pause the campaign and warn bounty hunters and investors of the risk.

Theoretically, your words are correct, but the bounty manager has a moral responsibility only because his acceptance of scam projects will affect his reputation in the forum. From a legal point of view, there is no legal responsibility on the bounty manager.

The bounty manager (if he cares about his reputation in the forum and gaining the trust of the members) should examine the project well before accepting his management, so we find distinguished campaign managers rarely manage bounty campaigns.

A bounty manager cannot put this in his defense for all the bounty campaigns that he is managing or that he is going to manage, if the writing is on the wall or the sign is pretty obvious and there are signs uncovered, the bounty manager has the responsibility to stop it for the sake of investors and bounty hunters or continue the campaign because he has a disclaimer to defend himself.

Of course, he does not have control over the direction of the project, but he has to do something on his end not just accept projects and put a disclaimer.

This is my opinion not meant to argue.

In fact BountyDetective has put out this disclaimer:

So I think he is not responsible, the responsibility lies with the bounty hunters who don't do any research but only look for free giveaways.

This is not the first time and it certainly won't be the last. There are dozens of complaints like this in this section.

@BountyDetective the bounty manager did not do his research or failed to see this, he will be answerable again if this turns out or likely turns out to be a scam, investors and bounty hunters should verify the allegation or better just avoid this project to avoid losing money and efforts.
ICO nowadays should be above suspicious if there are bad reports the developers should address this ASAP to satisfy bounty hunters and investors.
We'll see if developers or its bounty manager will come down here and address this issue.

The fact that the forum does no regulate scams make it difficult for any red flag projects to get a kick out of the forum, and that leaves the investors and other members of the forum to do their research before investing in any projects and if there is a proven case os scam against the project then DT members am can't other members can distrust them to warn others from falling victim.


Also sorry for those bounty hunters who are going to waste their time and energy promoting this potential scam project.

WARNING!!!
 The ongoing Bounty STRETCH TO EARN is Likely a SCAM. with link: https://bitcointalksearch.org/topic/m.62044219
They are following all the patterns of the Just concluded Scam RED FALCON, they are presaling right now a non-existent token at Pink sale, and Just like the RFN Scam MY anti-virus Software Flagged their website and every link that lead to them as blacklisted. https://ibb.co/f2QkXNJ
 the Investors that bought their Nft via their links could not see them in their wallets. they just continue to say that it would be updated after the pink sale.
they claim to have agreed to list on Mexc by 10th May, but no info from Mexc.
likewise, RFN claim to have listed on 6 centralized exchanges, and upped and ran with people's money and efforts from bounty hunters.

I would have overlooked it if not for the same software flag as before. so Take care if you are an investor or a hunter.
PS, anyone that can report this to a moderator should please do, or show me how.
Thank You



UPDATE:
   I was able to contact the MEXC Twitter handle, and they confirmed that there will be a listing on the 9th, and also showed a new tweet they made today;                                                                                                                                                       A: https://imgbb.com/bgM2xvZ        B: https://ibb.co/0XrxKX9
                                  seems, I was worried for nothing, But that does not confirm them to be legit without doubts, So here's hoping for the best.

New Update
  Chart  https://poocoin.app/tokens/0x4bc99635f7cd965069ae7142d66784ea518995e3
It turned out to be a scam after all, a coin dump kind. its barely a day and the chart is this way
1: https://ibb.co/tx7n9K2          2: https://ibb.co/zSJB4fw
The question is why even list if they were gonna dump it this Bad