Topic: POLYX Exchange Violated Bounty Terms (and threatened complaining hunters) (Read 623 times)

We just had some rough edges in the bounty campaign that took place two years ago. At that time, an unqualified bounty manager was engaged in it, and he confused everything and then quit his job altogether.
We were forced to continue the campaign on our own in the middle of the way. Nevertheless, we brought it to the end and paid out rewards to everyone. We only withheld 40K satoshis to cover the network fee.
In any case, we apologise to everyone who was inconvenienced by this situation. It was just a misunderstanding of the bounty terms.

I'm bringing this thread back to life, after seeing that they're ^[Polyx] back with a new account ^{[cryptopence]} and a thread:

- Polyx Platform: Trade and Store Cryptocurrency! ^[archived]
- Website ^[archived]

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Tagged and "created a flag".

This is one of the worst exchanges with 100% fake volume.
I wanted to do a small trade and could not execute it for more than a day,
even on their fake highest volume coins.

They also have 'Quick Instant Exchange' inside, and that is NOT working at all.

This Polyx exchange should be avoided and never used!

From the onset,  the campaign looks suspicious,  it's not clearly stated about how much that they gonna pay to participate,  lots of people pulled out of the campaign,  I guess that they have the feeling also that such thing like this is gonna occur

Thanks for the help and also the reminder.

Flag created: https://bitcointalk.org/index.php?action=trust;flag=742
PolyX just completed distribution today. Hunters who participated in their social media campaigns were underpaid.

Focus on the point I was responding to which was being the owner of the telegram does not necessarily mean he is part of the CORE team. If you have more information that proves Andy is really one of them, then let's see it.

 

The team hired a POS manager or bought the account and the guy didn't do his job correctly. Instead of allowing the facebook and twitter to run over, he should have done some simple math and figured out how many participants he could accept into the campaign. Once registrations were full, he should have posted what was full. If he had done this, then the bounties would never have gone over the payout pool.

I'll be tagging the account shortly after this post.

The team is starting to sound like the livecoin crap with all the " All panickers and bullshitters will be punished talk". The rewards should be paid out at what they advertised. Then, if they announced ahead of time they were changing rates, then the weeks after the announcement could be paid out at the adjusted rate. It's unfair to all parties to change rates in the middle of a week.

I will also be tagging their account as well at a minimum until this accusation is solved.

Now on to you bounty hunters. I have said this before and it's really tiring that none of you want to listen. You just want to dive in head first with blind faith and then cry like little girls when you get fucked over.

DO NOT join bounties who do not have a reputable manager. DO NOT join bounties that don't escrow or guarantee payments somehow. DO NOT join bounties unless you do your own due diligence. We as a community shouldn't have to clean up the messes because you people want to be idiots.

Sorry to be blunt but that's what it is. If people would just use common sense, then half the issues around here would not happen. Hopefully someone has sent the manager and the team a message pointing to this thread and any other accusation that may have been posted. Hopefully you all get what you have coming as well, but I wouldn't hold my breath.

**EDIT**

Both the manager and company accounts tagged although I doubt is does much. I would suggest that anyone who was screwed over by these guys create a type 2 possibly type 3 flag. I'm sure you'll get some support once done.

To me this is enough to say, POLYX is overall a ponzi and trying to get as much as funding as possible to run away.

Them hiring a manger who already scammed 1 billion $ from another shitty project in past clearly makes them untrustworthy and unsafe for any investment or engagement too. Really, there is no way to put someone as shady as this guy as a manager, it sucks !

I can bet a horse on this project being shady AF, and expect someone from DT to tag the thread start here, which seem to be the account of this dick headed manager and even there official account Polyxchange.

I see it very stupid for someone to pull out a big scam and come back with the same identity but as a bounty manager of another shit project !  

I see so many threads about cashbery coin here after doing a search. To be honest, they spammed the hell out of the forum with their ANNs. I am still surprised why a scam accusation was never opened against them despite the fraud that went on. There are lots of profiles associated with them here.

If some members of polyx exchange team were formally of cashbery coin, then chances are that they are scammers too

I have lot of more proof but I only post it in Official polyx scam thread.
Owner of a scam coin who stolen over 1 billion $ is an admin of polyx exchange telegram, To me and lot of people thats enough to say Cashbery team is behind of Polyx, an exchange who not paid to their bounty campaigner after 4 week of work and threatening and forcing people to delete the previous complaints and write "good" comments on BTT about them show  polyx is an scam exchange in any case.
You still say thats not enough? If you are blind thats different story.

I've seen it but it's still not enough to say he is part of the team imo. Maybe you can provide more proof like him being included in the official website? I'll wait for your scam accusation thread linking both Cashberry and PolyX.

The plot thickens 
@Tony.waxx do you have a scam accusation link against cashberry? If none, are you planning to create one?
It is possible that Andy is not really part of both PolyX and Cashbery team. 

Ever since the beginning of the campaign i am screaming that this  campaign has all the factors to be a scam but no one listened me.
Below are some of my warnings which had no effects unfortunately. 

https://bitcointalksearch.org/topic/m.52380747
https://bitcointalksearch.org/topic/m.52325877
https://bitcointalksearch.org/topic/m.52236017
https://bitcointalksearch.org/topic/m.52195687
https://bitcointalksearch.org/topic/m.52380747

I am not sure if the account who created the bounty thread is also the campaign manager. I think he/she is simply hired to post.

The bounty manager who goes by the name of Andy on telegram (username: @ansh88had) had some health issues and as I understand, he is also a part of the team. They hired a new one to handle the spreadsheet but I have no idea who that person is. 

Wow, I thought I had been through some issues with campaigns and campaign managers that went bad.
Someone who was part of the campaign shuould flag both profiles. Manager and Polyx account till you get a good answer as to what happened.
-Dave

His last post was in 12 August, but he was online a few  days ago which means he probably read a couple of complaints here and there but never responded to them.



I dunno if he has done anything about this but a good campaign manager should be trying to ensure everything ends fairly without one of the parties looking unsatisfied.

OP, have you trying contacting the Campaign manager about this?

The campaign manager is not active user on this forum (but I don't know if he has another account) since the lastly comment he wrote was 12 August last month even before he was being campaign manager the lastly comment that he wrote actually at February 2019. And I have confident that he is not part of the team POLYX exchange. So, I just weird when a project decide to promote the signature campaign and the team was choosing an inactive user since there is some campaign manager who trully has a good reputation. Hopefully the campaign manager responds to this thread.

I really can't think of any.
Not fulfilling the original payment terms and then forcing hunters, who will be underpaid, to act or comment according to their liking is a really bad way to build their reputation.

What a shame...

First it was them on the wrong for abruptly changing payment amounts and now they are threatening and forcing people to delete the previous complaints and write "good" comments about them?

This is a big a joke of an exchange  

What good can come out an exchange that can not even be fair to people it employed top advertise for them in the forum and social media?

I can confirm this. So far, two participants who the team deemed as "panickers and bulshitters" were forced to delete their comment and post "something good". They were already marked red on the spreadsheet and will be removed if they do not follow.


(Archived)


(Archived)

I would have promote this POLYX but I didn't even I wasn't wearing any signature. Campaign manager wasn't a reputed one, the fund wasn't escrowed. This kind of attitude was expected in such a campaign. It's always better to promote project which escrow fund and hire a reputed campaign manager.

It's really stupid behavior from an admin. There's no more doubt that their service will be worst. DT must come forward and tag this user to prevent potential future issue. I have tagged.

Woah! Is that a good way to handle complaints they received? They're just making it obvious IMO, if they are that transparent they should receive criticism from the participants not that they will threatened them with this kind of things. Don't ever removed them they should be the one to answer it to make it clear enough for the public.

It's still a trifle that will go to the Commission and in no way justifies these scammers. Participants telegrams bounty they left completely without reward.

@polygant have added 40k satoshi to participants of facebook and twitter and promised to pay  in 16th of September

You're right, it was reduced. The original spreadsheet had four weeks but it looks like they removed week 4 for all campaigns and the total bounty pool decreased as a result.

I was just reading their telegram and to address the concerns of those who got less than the withdrawal fee, here's what the team said:
Exactly. That is one of the points I made but there was no response from the team which makes me believe that they have no plan to change that at all.

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I hope they do but I have no reason to believe that they will.

When i see the sheet, it looks like it got updated to even lower than you posted. The first participant of twitter campaign only get 30k sats instead of 120k sats (120k/10.31M*2.5575M)

How will participants withdraw their payment? On facebook campaign i even seen people only get 5k sats, while you still need to withdraw it from polyx exchange which must be require some fee (the fee must be higher than his earnings too)

I never participated or followed the campaign but judging from what you wrote up there. That was annoyingly unfair. I mean, yes, the owners can cancel the campaign whenever they want as long as they pay the participants.

That's understandable... What is not fair is adjusting the prices from the initial payment price when people have already enrolled and done the task. I hope the Polyx Exchange chaps address this issue with professionalism otherwise why would one even trust their exchange after doing that kind of thing?

I looked at the spreadsheet and compared the current pool per campaign with the original allocation.


Original

• Facebook - 2,500,000
• Twitter - 2,500,000
• Telegram - 2,500,000
• Signature - 2,500,000

Adjusted

• Facebook - 3,445,000
• Twitter - 2,577,500
• Telegram
• Signature - 3,980,000

If the team says Facebook and Twitter campaigns exceeded their limit, why then did they add more to the signature campaign? I think it was more logical to transfer the 2.5 million from telegram to facebook and twitter.

Obvious scam, participants got less than $4 after four weeks of bounty, they are still claiming to send it to their exchange wallet, means they can't withdraw it cos of fees

Latest Developments:

• Week 4 removed
• Added 40K sats for withdrawal fee to selected accounts
• Tagging participants who the team deem as panickers/bulshitters and will remove them if they don't delete comments on bitcointalk

Source (archived)

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Bounty Thread: https://bitcointalksearch.org/topic/bounty-polyx-exchange-1st-step-of-bounty-campaign-payments-in-btc-5174766 (archived)
Official Account: https://bitcointalksearch.org/user/polyxchange-2606292
What happened?: PolyX paying less to what they are supposed to because of their own mistake.
Flag: https://bitcointalk.org/index.php?action=trust;flag=742

Short story:
They launched a six-week campaign from Aug 21 - Sep 22 but they decided to cut it short to 4 weeks. The decision to stop the bounty was announced Sep. 6 which was 2 days before the 4th week ends. I believe the decision to end the campaign was due to a mistake they made which they openly admitted  on telegram. (Please note also that they counted those reports submitted on or before Sep. 6 but did not give a chance for others to submit after the decision.)


(archived)

What adjustments they did?

• Removed telegram campaign as you can see in the image
• Added 532,500 sats to the bounty pool
• Changed their fix reward system to stake-based

Changing the reward system was the most unfair decision they made. If you check the bounty spreadsheet, you can see that rewards given were originally fix (and in satoshis).

Example:

In the Twitter campaign, the rule says:

Let's use the first participant on the spreadsheet as an example. He/she is supposed to receive 160,000 sats but with the adjustment the team made, he/she will only be receiving 40,000 sats (160K/10.47M*2.6175M) instead.

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They have a plan to launch another campaign but before doing so, I hope they pay the first round participants their due reward.