Topic: Murat Scammed 62k Metropoly token - page 3. (Read 769 times)

Umm... no? To be precise, BM is waiting for the price to raise. Although the decision is made with good intent to protect their participants, for this part of this situation, I personally think this is not Murat's decision to make, to sell at what price. On the other hand, sending the token at current price will borderline be... disheartening. I can confirm what Shishir99 said that 62.5k token is around $760 [see image below from uniswap], divided to ~330 participants, it'll be ~2.3 USD each participants.

As if this is something new when it comes to bounty campaigns in which the owner of a project can at any time refer to the fact that the goals of the project were not achieved at all or were only partially achieved and therefore cannot pay those who promoted it as much as promised. Even if it doesn't go in that direction, some use the option to simply say that most campaign participants are bots or alt accounts that don't deserve to be paid.

No matter how we look at it, the fact is that in this game everyone takes risks, and the only question is who will someone point the finger at and declare him guilty after all. I would say that everyone bears part of the blame, regardless of whether they organize or participate in bounty campaigns.

Seeing that the address doesn't have any eth to cover fees, I assume the BM is probably waiting for Metropoly team to send him/her some ethereum to cover fees of sending out tokens as this would mean BM incurring the extra cost if his to send now.
Btw am wondering why the team has equally only sent out 24.8% (62k) of the bounty allocation and not everything owed in one transaction ??

Fair enough, but seeing the conversation from the other thread, the writing is on the wall that Metropoly project is being the dishonest party not honouring their part of the deal.

A bounty hunter trying to get justice while spamming for poor tokens, but he does not want to do it from the original account. He is afraid that the managers he accuses will ignore him in the future so he won't be able to be rewarded with any new shit tokens.

You have form. First the thread about irfan_pak10 is a scammer and now this. What is your real motive here and which other accounts do you control?

You are the one who has highlighted it here therefore will you consider yourself brave? As the deed has already been done by you, allow him some time to post here. I am sure even you can allow him that courtesy but if you are impatient, you can read this (while you wait for him to address the situation) as suggested by nutildah Murat vs Metropoly - Who is honest and who is not? and an excellent post here too.

Either that or they are using the AI detected alt-account to create a public face hoping to build the account and add to the farm they control. One thing that is for certain is that by creating these threads he is attention-seeking (and he has been noticed).

I take another look at this situation, I think the initial agreement was that Murat will be the one distributing the whole payment in batch, so they'll send him 250,000 and he'll split them in four installments. If Metropoly planned to send the payment to Murat in batches, I think they'll say something along the line, "this batch payment has been sent to your BM". Instead, their TG admin said they've paid him in full, and then refused on providing the TXID, arguing that it's a... private matter.

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edit: I dig further, apparently, the discussion about this payment continued on their telegram channel after that thread I mentioned earlier concluded. I think it's a classic case of a project being cheap and breaking their own commitment. Murat finally posted his deal with them around one month after last post on that accusation thread, and I don't know how any of you read it, but I think the initial agreement can be read that they will pay 250,000 token, worth [hopefully, if pre-sale succeeded] 100,000 USD, which they later revise that the allocated token is something worth 100,000 USD.



So, the way I see it, the contract will either be 250,000 token, or 100,000 USD-worth of token. There is no info about how much does it worth during pre-sale as their tg group for discussion is not available anymore, so I can't track past discussion for their price, but if I may infer from what Murat say above, and what's shown on their website for their token sale, it was around 0.1 USD. So, if they claimed they've pay Murat in full, according to the token allocation they set by themselves, it should be either 250,000 token, or... 100,000 USD worth of token rated at 0.1, thus 1,000,000 token.

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As for why he didn't send the 62,500 token to the participants, it was also covered on their bounty group,

referring to etherscan, the current erc20 token transaction fee is 6 gwei or around $0.2 if there are 2000 unique addresses then the fee is only around $200, the question is whether metropoly developers have provided a fee for sending their tokens to bounty hunters

if so then the error lies with Murat, but if there is no shipping fee given then Murat is not doing anything wrong, he did the wise thing to not give out bounty hunter reward tokens

From what I can tell, it seems like the Metropoly people might be lying here.  I mean, if there's no blockchain proof to support their side, then they're probably just making stuff up.  But what surprises me is that Murat's been so quiet about all this. Youd think he'd want to clear the air publicly right? I didn't see him post anything in that old thread, and it's pretty shady that he deleted those questions on his Telegram group.  I dunno, the whole thing smells fishy to me.  Murat should speak up if he wants people to know his perspective and  staying silent just makes him look guilty. This is some messy drama lol.  I wish theyd just put all the evidence out there and settle it already.  But from what I can see, Metropoly seems sus and Murat dodging questions doesn't help his case.  Just my two cents as an outsider looking in.

The names [murat and metropoly] rung a bell in my head. It's vague, but I think I managed to get to the bottom of it back then by talking to both sides. Simplified, the project promised 250,000 token as a bounty payment, claimed that they've sent everything to the BM, but, in fact, they only send 62,500, with the txID to back up that fact.

Murat refuses to distribute the token and decide to hold them until metropoly fulfill what they promised by sending the rest of the token as promised in the beginning of the bounty.

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edit: missed Rikafip's post about 25% while I take a walk down the memory lane and compose above post

Only if clients wants you to distribute get transaction fees first lol. It seems these days client also go with other chains to avoid such hefty amounts in only transaction fees.

According to Metropoly spreadsheet, ~330 bounty hunters were supposed to get the tokens. Its less than estimated 1k but still, he would have to spend shit load of ETH on fees to send the tokens to everyone.

Then again, the thing I don't understand is why he waited to get full bounty pool since it was mentioned in bounty thread that tokens will be sent in batches of 25% to avoid dumping, and those 62.5k sent is indeed 25%.  


Yep. If money for fees was the problem and he neevr got them, he should have said it long time ago instead letting random bounty hunters to throw these kind of accusations.

I think you are afraid of using your real account to accuse the bounty manager. You created a new account to accuse him without even doing a proper research on your topic matter to see if there is any existing similar thread of this nature. You failed to provide evidence to back up your claims. Just rantings to paint somebody bad while destroying their reputation but it's not fair and I will advise you incase of next time, do a proper research to get more facts at the tips of your fingers before laying accusations against people as it would not be fair to derive pleasure in frustrating other named members.

So everyone faced this? That was a great lesson for me. Not going to escrow rewards without tx fee lol.

This occurred to me, I think the only possibility him not paying to hunters he didn’t get transaction fees from client to distribute tokens. Usually in bounty campaign total addresses to distribute exceeds 10k if we include airdrop campaign too. It means client has to pay more than 10k usd in transaction fees to distribute tokens

Yes you could be right about that. There were 1800+ applicants, I don't know how many actual participants, but probably over 1k, which is insane. Just for my own education, I took a look at how much it would cost to send 1k participants 65 tokens each, and it would cost approx. 2.36 ETH, which is nothing to sneeze at. So if he's not being reimbursed for this somehow, yes I can see how sending the tokens isn't feasible.


Yes, not being reimbursed for transaction fees makes more sense. Would be nice if Murat makes an appearance here to offer an explanation, just to put the issue to rest.

Tbh, he didn't do bounty hunters any favor by waiting for Metroply team to send him the rest of the bounty pool. If he distributed what he got, hunters would be able to sell them and actually earn some money while now token is absolutely worthless with basically no volume on Uniswap for months, meaning even if he gets the rest of tokens now and send them the full amount, it won't make any difference.


If that's the case, woulnd't he sell them when he had the chance instead waiting for them to become worthless like they are now.

Because transaction fee might cause a lot just to distribute this token with a mere 700$ value to over 1000+ address that will receiver their tokens. The token value assumption doesn’t considered the price impact once this tokens sold since the trading volume for this token is just 1$ according to CMC market records.

You will just receive a penny for a partial transaction while participants will still want to claim the remaining tokens soon. I believe all bounty hunters should have a both whether you re already happy on the current amount of tokens or not to your BM since the fee is really not cheap for Ethereum transactions.

These are ERC20 tokens and worth ~$760 (from the above user Shishir99). I'm sure there are more than 1 thousand eligible unique addresses or close enough. This will require at least $2000 ETH as fees now if I'm correct. Possibly team hasn't shared the fees. This has happened to me too. I had to go through the same situation, being called a scammer. Anyway, Murat knows the better and he must put a few words on the case.

Looking at all the posts that the OP has made, I am going with they have been tagged and kicked out of several bounties and are now just looking to cause trouble for everyone they can.

Nobody is taking what they say seriously and as nutildah said:

I just did a ~AI detected and moved on. If they ever post a valid and useful report I might remove it, but for now they are just rehashing old info.

Edit: I have dealt with Murat in the past several times, never had an issue.

-Dave

The name rang a bell and I checked that I left him positive feedback after I was looking for someone who could do an exchange and he offered via PM.

In this case, I think it wouldn't be bad if he gave an explanation about the case for transparency, and I think nutildah's neutral tag is very correct in this regard.