Topic: Dominium is a scam? - page 2. (Read 1087 times)

That highlighted text should not have come from you that happen to be member of the project. Dominium have always portray themselves as a big entity with a lot of staff that are professional in their area of expertise and if this is so then what do you mean you made miscalculation. Did somebody covered your eyes when you are making the calculation?. One thing that is very clear is that you deliberately allocated that amount for bounty so that you can attract large crowd of hunters knowing very well that you wont keep with your promise. I am very confident that you will also do the same if you had raised enough money for the project. It is not a bad thing if you allocate Small amount you are very confident that you will be able to pay hunters, there are many bounty campaign that do that and they always limit the numbers of participants so that hunters earn substantial amount of money. This would have safe the company from this problem. If you are having this issue with bounty hunters, How will investors trust you with their money?

Dominium may not be a scam, but a scammer bounty manager. It is not very honest to take most of the payout share. The bountists participated in this bounty for a long time, in several of its rounds, and with them so meanly did ...

This thread should be in this section below.

https://bitcointalk.org/index.php?board=83.0

I hope they can provide closure on this issue and shed light whether Dominion is a scam or not.

rules may change if the team wants to do it.
It is on their side to do that and there is no law on their project to prevent that.
I understand the feeling of the poster, but this is not a scam as long as the team is doing their ICO and continuing the project.
We need to have more time to wait until we can prove it.

From what I see, I don't think they are a scam perse, only that they changed the rules overnight, without any kind of consultation, although many bounties have that kind of disclaimer before one participates, it's still pretty scummy on their part, thus affecting their helpers.

How did you decide that i am not fair payout. I didn’t finish calculations, spreadsheet already locked etc. Some guys told that i am scammer cuz i disqualified a group who is trying to get %50 of bounty pool with multiple accounts. If i accept them you will get ridiculous rewards trust me. Do not forget that i can not make everyone happy. If everyone is happy, thats shows i am not doing a fair job. If you think i am not fair and  you got wrong stakes for any week of any campaign, please let me know.

Hi everyone,

I am Yacine the French Ambassador at Dominium. I would like to share my thoughts with you on recent actions taken by management concerning Bounty and referral program.
I would like to start by saying that we made a miscalculation by launching such a large bounty program ( a bit too enthusiastic in my opinion) this was based on reaching an amount of funding between the initial soft cap and large cap 2.5 to 92.5 million Euros. Unfortunatly since then market conditions worsened a lot and we only raised around 650K Euros. Furthermore, we realised that some users were taking advantage of the system by using mutilipe accounts. Therefore we (management) had to cap bounty campaign rewards to save the company. It is better have 10 tokens worth 1 euro than 100 tokens worth 10 cent ( for example) for all of us.
 
Moving on to the referral program, I clearly disagreed with my boss on this decision but he explained to me why it was taken and I start to understand it although it cost me a lot of effort to get those referrals ( I did it through a blog in an honest way) and I lost 3000 DOM tokens.

The problem was that people were creating many accounts to get 25 tokens each time without even verifying E-mail or completing KYC ( so who tells the company these people are real) and if you do it 10 times by a 100 people it starts diluting the token value a lot.

We (the management)  decided to introduce the rule that you needed to complete KYC and create an Ardor wallet in order to activate your tokens.
Of course this should have been mentioned at the beginning and not two weeks beforehand I apologise on behalf of the team on this.

I wanted to add a picture as a proof that I received 25 tokens for 3 out of the 130 referrals ( that created an Ardor wallet and obtained KYC) but my rank does not allow me as this is my first post on this forum.

Once again I apologise on behalf of the team but we needed to take some drastic actions in order to save our company and not make it a scam as some of you might think ! I also understand that we lost trust of some people in our community and we will do our best to regain this trust in the long term.

Feel free to share any further thoughts,
Kind regards,
Yacine

Dear Dicaprio, 

Let me phrase it in a different way. The bounty program was originally worth 5 million Euros. We raised 650 K euros up to now. It would be a huge scam if we distributed 5 million euros worth of tokens for bounty related activities when our company isn’t worth that much.
If we distributed 5 million euros of tokens they would be  “scam tokens” as their value is more than the value of the company.

I know that the changes implemented by management are difficult to accept but they took a decision and the truth is that the program has been closed and capped for the good of the company. I am telling you the truth and not expressing my thoughts.

Furthermore, you are talking on behalf of the community but our community isn’t only made out of yourself and bounty hunters. Of course we value your feedback and we are sorry that you are not as happy as expected with the results of your work.

To conclude, our platform has already been financed by the founders of the company ( proves they committed capital and believe in this project). The money raised at the end of the ITO will be used to purchase real estate.
As you say there is nothing that can be done to change your opinion so once again sorry for the changes but they were needed to preserve the value for the community ( bounty hunters, employees, investors etc..)

Kind regards,
Yacine

Some ICOs are just good in making their hidden agenda undetected especially when this ICO will turn out to be a scam. Some SCAM ICOs are noticeable since the start or in the middle of the crowdsale while others remains undetected even until its tokens are already listed in the market.

But with regards to your observation about the change of rules and bounty pool, it is always their right to do so anytime they want during the campaign especially when the crowdfunding doesn't looks good or it is too overwhelming. I participated in campaign before that its bounty pool were reduced as it only hits the soft cap. I have also participated in campaign before that its bounty pools were increased and almost doubled when it hits the hard cap.

Dominium may not be a scam, but a scammer bounty manager. It is not very honest to take most of the payout share. The bountists participated in this bounty for a long time, in several of its rounds, and with them so meanly did ...

Hi everyone,

I am Yacine the French Ambassador at Dominium. I would like to share my thoughts with you on recent actions taken by management concerning Bounty and referral program.
I would like to start by saying that we made a miscalculation by launching such a large bounty program ( a bit too enthusiastic in my opinion) this was based on reaching an amount of funding between the initial soft cap and large cap 2.5 to 92.5 million Euros. Unfortunatly since then market conditions worsened a lot and we only raised around 650K Euros. Furthermore, we realised that some users were taking advantage of the system by using mutilipe accounts. Therefore we (management) had to cap bounty campaign rewards to save the company. It is better have 10 tokens worth 1 euro than 100 tokens worth 10 cent ( for example) for all of us.
 
Moving on to the referral program, I clearly disagreed with my boss on this decision but he explained to me why it was taken and I start to understand it although it cost me a lot of effort to get those referrals ( I did it through a blog in an honest way) and I lost 3000 DOM tokens.

The problem was that people were creating many accounts to get 25 tokens each time without even verifying E-mail or completing KYC ( so who tells the company these people are real) and if you do it 10 times by a 100 people it starts diluting the token value a lot.

We (the management)  decided to introduce the rule that you needed to complete KYC and create an Ardor wallet in order to activate your tokens.
Of course this should have been mentioned at the beginning and not two weeks beforehand I apologise on behalf of the team on this.

I wanted to add a picture as a proof that I received 25 tokens for 3 out of the 130 referrals ( that created an Ardor wallet and obtained KYC) but my rank does not allow me as this is my first post on this forum.

Once again I apologise on behalf of the team but we needed to take some drastic actions in order to save our company and not make it a scam as some of you might think ! I also understand that we lost trust of some people in our community and we will do our best to regain this trust in the long term.

Feel free to share any further thoughts,
Kind regards,
Yacine