I participated in LiveTree signature campaign for 21 weeks and earned $ 20090.
As a result, received only 33 187.61 SED. Full disappointment after such recalculation for a halfyear work.
Topic: Scam Report: Sylon & Livetree ADEPT - page 2. (Read 1182 times)
~snip
510660+804264=1314500$ rounding
That is, the condition for the payment of 1.5 M is not achieved!!!
IMHO
510660+804264=1314500$ rounding
That is, the condition for the payment of 1.5 M is not achieved!!!
IMHO
I don’t believe they have contributed $1314500.
Please check the news:
LONDON, March 22, 2018 /PRNewswire/ --
LiveTree, the world's first blockchain-powered, end-to-end production and distribution platform for TV and film - has raised over $11m and counting from their token sale.
Source: https://www.prnewswire.com/news-releases/livetrees-ico-raises-over-11m-in-token-sale-so-far-677632883.html
Please check the ice status captured from livetree.com
20 days to ice end: https://imgur.com/1xYHnTV
19 days to ice end: https://imgur.com/lCKvRDZ
5 days to ice end: https://imgur.com/yGe27Av
If really $1314500 contributed, they have lied to us for all the ico process.
Even though the rate per 1 SED is changed retrospectively but bounty amount offered in terms of dollars and not in terms of no of SED tokens
This means Dollar value is fixed and no of SED tokens is Variable element.
If the rate per 1 SED is changed retrospectively then bounty workers also need to receive their bounty with the same rate as what offered to investors.
For example If a bounty worker is need to receive reward for his work is 4000$ worth of SED tokens then as per the previous rates like 1000 SED = 1 ETH, the bounty worker has to receive 4000 or more as per ETH rates in force.
If the rates has been changed retrospectively like 1 ETH = 6071 SED means, in the above example the bounty worker is eligible to receive more than 24000 SED.
But in our case Live tree distributed SED tokens to us with old rates and they need to distribute the remaining tokens to us with new rates.
This should be done because they mentioned the change is with retrospective effect.
This means Dollar value is fixed and no of SED tokens is Variable element.
If the rate per 1 SED is changed retrospectively then bounty workers also need to receive their bounty with the same rate as what offered to investors.
For example If a bounty worker is need to receive reward for his work is 4000$ worth of SED tokens then as per the previous rates like 1000 SED = 1 ETH, the bounty worker has to receive 4000 or more as per ETH rates in force.
If the rates has been changed retrospectively like 1 ETH = 6071 SED means, in the above example the bounty worker is eligible to receive more than 24000 SED.
But in our case Live tree distributed SED tokens to us with old rates and they need to distribute the remaining tokens to us with new rates.
This should be done because they mentioned the change is with retrospective effect.
I also participated in the Livetree campaign and earned 13325 stakes ($) which were converted to 22012 tokens.
Now, in their calculations, all for some reason use the current rate (1 ETH=~700$) forgetting that the same rate of ETH rose to ~1500$ and dropped to ~380$. Bitcoin is the same. Based on your logic, then you need to evaluate each purchase of tokens by investors based on the current rate of what is fundamentally wrong.
Everyone forgets that one of the main conditions for the payment of bounty awards was: "Note': Bounty is only available after the min. raise has been met which is approx. $1.5 m".
From official information: "The total raise was 1127.52868 ETH and 60.05277671 BTC."
Consider the current rate (based on your logic):
1128ETH*713$=804264$
60 BTC*8511$=510660$
510660+804264=1314500$ rounding
That is, the condition for the payment of 1.5 M is not achieved!!!
Team Livetree went to meet the participants of the bounty and paid tokens (even if not as much as we wanted); the team does not abandon the BB.
Although I do not like the rate of repurchase but I understand that it can not be lower than the price paid by investors for their tokens.
But if there are improvements for the participants of the bounty I'm IN!
IMHO
Now, in their calculations, all for some reason use the current rate (1 ETH=~700$) forgetting that the same rate of ETH rose to ~1500$ and dropped to ~380$. Bitcoin is the same. Based on your logic, then you need to evaluate each purchase of tokens by investors based on the current rate of what is fundamentally wrong.
Everyone forgets that one of the main conditions for the payment of bounty awards was: "Note': Bounty is only available after the min. raise has been met which is approx. $1.5 m".
From official information: "The total raise was 1127.52868 ETH and 60.05277671 BTC."
Consider the current rate (based on your logic):
1128ETH*713$=804264$
60 BTC*8511$=510660$
510660+804264=1314500$ rounding
That is, the condition for the payment of 1.5 M is not achieved!!!
Team Livetree went to meet the participants of the bounty and paid tokens (even if not as much as we wanted); the team does not abandon the BB.
Although I do not like the rate of repurchase but I understand that it can not be lower than the price paid by investors for their tokens.
But if there are improvements for the participants of the bounty I'm IN!
IMHO
22050$ / 700(ethereum price) = 31.5 ETH *6071 = 191236 tokens SED BTCHakan should get such amount
I have similar situation, and I got even less tokens, I took part in this long campaign from the beginning..
I just had no time to focus on this..
There is still small chance that the LiveTree will organize Buy-Back and at least participants will get few bucks)
Some other projects vanish completely, and they at least try to do or imitate the activities
But probably you are right to make this post, so other will know that it's better not to work with these people in future
I just had no time to focus on this..
There is still small chance that the LiveTree will organize Buy-Back and at least participants will get few bucks)
Some other projects vanish completely, and they at least try to do or imitate the activities
But probably you are right to make this post, so other will know that it's better not to work with these people in future
It has come to a point that something lingers on every mind, how are the admin of this in project are going to buy back those coins. We don't know exactly their purpose and intensions of deciding to buy this back, are they having plans of putting this to other biggest exchange or making the sed token value price dump prior being listed to the trading site. You're certain there will be a possibility that it will be vanish completely, and if people will not realize their strategy I think this token will come to an end as dead coin. Hopefully it won't because this project has a great potential to gain its price.
I have similar situation, and I got even less tokens, I took part in this long campaign from the beginning..
I just had no time to focus on this..
There is still small chance that the LiveTree will organize Buy-Back and at least participants will get few bucks)
Some other projects vanish completely, and they at least try to do or imitate the activities
But probably you are right to make this post, so other will know that it's better not to work with these people in future
I just had no time to focus on this..
There is still small chance that the LiveTree will organize Buy-Back and at least participants will get few bucks)
Some other projects vanish completely, and they at least try to do or imitate the activities
But probably you are right to make this post, so other will know that it's better not to work with these people in future
Livetree.Adept, care explaining clearly why BTCHakan only gained 36k SED, and how that is equal to $22050 USD? You seem to be pretty obviously in the wrong here, so I'm not sure what I'm missing. Even using ETH's ATH price of $1400, he would be owed 95k SED. I fail to see how 36k SED is at all close to what was promised.
- Pre-sale 1 SED = 0.0000165 and 1 eth = 12,142 SED
- Main sale 1 SED = 0.000165 and 1 eth = 6,071 SED
I've checked the ratio numbers. Actually, you may not be a scammer. I think, your team didn't take the math class ever.
If during the pre-sale ratio is "1 SED = 0.0000165”, 1 eth is not equal 12,142 SED. You can buy 60,710 SED via 1 ETH. So you have to pay for me 1.968.218 SED.
What a shame...
Fairly obvious it's a copy error in the CS doc, thanks for pointing that out. Fixed. Here you go:
As has been said repeatedly:
March 12 blog post, when the ratio for supply was adjusted https://medium.com/@LiveTree/repositioning-seed-token-buyers-to-power-the-market-ba000316b05e
This retroactively changed the price for all participants to:
The initial ratio on bounty was set at investor rate intentionally. This changed retroactively to match investor ratio.
EVERY SINGLE INVESTOR WHO BOUGHT IN THE SALE HAS THOSE RATIOS. RETROACTIVELY. SO DOES BOUNTY.
Why should bounty participants get 6 x the value of investors for their SEED?
March 12 blog post, when the ratio for supply was adjusted https://medium.com/@LiveTree/repositioning-seed-token-buyers-to-power-the-market-ba000316b05e
This retroactively changed the price for all participants to:
- Pre-sale 1 SED = 0.0000825 and 1 eth = 12,142 SED
- Main sale 1 SED = 0.000165 and 1 eth = 6,071 SED
The initial ratio on bounty was set at investor rate intentionally. This changed retroactively to match investor ratio.
EVERY SINGLE INVESTOR WHO BOUGHT IN THE SALE HAS THOSE RATIOS. RETROACTIVELY. SO DOES BOUNTY.
Why should bounty participants get 6 x the value of investors for their SEED?
~snip
Dear Livetree.Adept,
Which part of the opening post didn’t you get? I accept your new ratios. This is your decision. I don't care about it and there is no problem for me. I said, you haven't sent me correct reward. Also you haven’t sent others promised reward. And you or Sylon scammed us.
Let me calculate my bounty rewards for you step by step.
1.I’ve earned $22,050 at the end of the campaign. Please check the spreadsheet.
2. $22,050 = 32.42 ETH.
3. If you want to use pre-sale ratio for bounty distribution, 32.42 ETH = 393.722 SED.
4. If you want to use main-sale ratio for bounty distribution, 32.42 ETH = 196.861SED.
Is there any mistake above?
Just tell me, why did you send me 36,425.4287 SED
As has been said repeatedly:
March 12 blog post, when the ratio for supply was adjusted https://medium.com/@LiveTree/repositioning-seed-token-buyers-to-power-the-market-ba000316b05e
This retroactively changed the price for all participants to:
The initial ratio on bounty was set at investor rate intentionally. This changed retroactively to match investor ratio.
EVERY SINGLE INVESTOR WHO BOUGHT IN THE SALE HAS THOSE RATIOS. RETROACTIVELY. SO DOES BOUNTY.
Why should bounty participants get 6 x the value of investors for their SEED?
March 12 blog post, when the ratio for supply was adjusted https://medium.com/@LiveTree/repositioning-seed-token-buyers-to-power-the-market-ba000316b05e
This retroactively changed the price for all participants to:
- Pre-sale 1 SED = 0.0000825 and 1 eth = 12,142 SED
- Main sale 1 SED = 0.000165 and 1 eth = 6,071 SED
The initial ratio on bounty was set at investor rate intentionally. This changed retroactively to match investor ratio.
EVERY SINGLE INVESTOR WHO BOUGHT IN THE SALE HAS THOSE RATIOS. RETROACTIVELY. SO DOES BOUNTY.
Why should bounty participants get 6 x the value of investors for their SEED?
- Pre-sale 1 SED = 0.0000165 and 1 eth = 12,142 SED
- Main sale 1 SED = 0.000165 and 1 eth = 6,071 SED
I've checked the ratio numbers. Actually, you may not be a scammer. I think, your team didn't take the math class ever.
If during the pre-sale ratio is "1 SED = 0.0000165”, 1 eth is not equal 12,142 SED. You can buy 60,710 SED via 1 ETH. So you have to pay for me 1.968.218 SED.
What a shame...
~snip
Dear Livetree.Adept,
Which part of the opening post didn’t you get? I accept your new ratios. This is your decision. I don't care about it and there is no problem for me. I said, you haven't sent me correct reward. Also you haven’t sent others promised reward. And you or Sylon scammed us.
Let me calculate my bounty rewards for you step by step.
1.I’ve earned $22,050 at the end of the campaign. Please check the spreadsheet.
2. $22,050 = 32.42 ETH.
3. If you want to use pre-sale ratio for bounty distribution, 32.42 ETH = 393.722 SED.
4. If you want to use main-sale ratio for bounty distribution, 32.42 ETH = 196.861SED.
Is there any mistake above?
Just tell me, why did you send me 36,425.4287 SED
As has been said repeatedly:
March 12 blog post, when the ratio for supply was adjusted https://medium.com/@LiveTree/repositioning-seed-token-buyers-to-power-the-market-ba000316b05e
This retroactively changed the price for all participants to:
The initial ratio on bounty was set at investor rate intentionally. This changed retroactively to match investor ratio.
EVERY SINGLE INVESTOR WHO BOUGHT IN THE SALE HAS THOSE RATIOS. RETROACTIVELY. SO DOES BOUNTY.
Why should bounty participants get 6 x the value of investors for their SEED?
March 12 blog post, when the ratio for supply was adjusted https://medium.com/@LiveTree/repositioning-seed-token-buyers-to-power-the-market-ba000316b05e
This retroactively changed the price for all participants to:
- Pre-sale 1 SED = 0.0000825 and 1 eth = 12,142 SED
- Main sale 1 SED = 0.000165 and 1 eth = 6,071 SED
The initial ratio on bounty was set at investor rate intentionally. This changed retroactively to match investor ratio.
EVERY SINGLE INVESTOR WHO BOUGHT IN THE SALE HAS THOSE RATIOS. RETROACTIVELY. SO DOES BOUNTY.
Why should bounty participants get 6 x the value of investors for their SEED?
~snip
Only SED’s price is changed. It is not related to the campaign rates.
Campaign rules are clear, and the rates are based on USD. And the rates have not changed during the campaign. Please check this:
Weekly Campaign Rates :
http://archive.is/e8Onz- Members : $5 per post (in SED tokens) / Members are not accepted anymore
- Full members : $25 per post (in SED tokens)
- Senior members : $35 per post (in SED tokens)
- Hero members : $40 per post (in SED tokens)
- Legendary members : $55 per post (in SED tokens)
Also, buy-back guarantee has not changed during the campaign. BTW, what is "guarantee” means? Please check this:
~snip
The buy-back price is guaranteed at 1000 SED = 1ETH.
http://archive.is/e8Onz The buy-back price is guaranteed at 1000 SED = 1ETH.
As has been said repeatedly:
March 12 blog post, when the ratio for supply was adjusted https://medium.com/@LiveTree/repositioning-seed-token-buyers-to-power-the-market-ba000316b05e
This retroactively changed the price for all participants to:
The initial ratio on bounty was set at investor rate intentionally. This changed retroactively to match investor ratio.
EVERY SINGLE INVESTOR WHO BOUGHT IN THE SALE HAS THOSE RATIOS. RETROACTIVELY. SO DOES BOUNTY.
Why should bounty participants get 6 x the value of investors for their SEED?
March 12 blog post, when the ratio for supply was adjusted https://medium.com/@LiveTree/repositioning-seed-token-buyers-to-power-the-market-ba000316b05e
This retroactively changed the price for all participants to:
- Pre-sale 1 SED = 0.0000825 and 1 eth = 12,142 SED
- Main sale 1 SED = 0.000165 and 1 eth = 6,071 SED
The initial ratio on bounty was set at investor rate intentionally. This changed retroactively to match investor ratio.
EVERY SINGLE INVESTOR WHO BOUGHT IN THE SALE HAS THOSE RATIOS. RETROACTIVELY. SO DOES BOUNTY.
Why should bounty participants get 6 x the value of investors for their SEED?
What happened:
I was a participant of LiveTree - ADEPT bounty campaign. I sent about 700 post in 22 weeks according the rules. Weekly campaign rates are below:
I’ve earned $22,050 at the end of campaign. They sent me 36425,4287 SED tokens that is equal
$4.200. (1 ETH = 6,071 SED, 1 ETH = $700)
Scammer Profile Link:
Campaign manager: Sylon, https://bitcointalksearch.org/user/sylon-112240
CEO of Livetree: Ashley.Livetree, https://bitcointalksearch.org/user/ashleylivetree-1203211
Reference Link: https://bitcointalksearch.org/topic/bountyicobbb-livetree-adept-sed-own-the-future-of-entertainment-2322644
Amount Scammed: $22,050 (overall $1,085,840)
Payment Method: Personal effort
Proof of payment:
Line 57 on https://docs.google.com/spreadsheets/d/1aggPcVvuYU1jJ9P4BSFf7czri2RqWqc1Q7VegnnENHA/edit#gid=2080230004
Additional Notes:
Livetree is in the film industry. Their job is Right Management. I think, they can not manage any rights. There are 289 participants in the campaign. They have distributed $208,800 instead of $1,085,840. The campaign manager is ignore all participants’s questions.
https://bitcointalksearch.org/topic/m.36329264
https://bitcointalksearch.org/topic/m.36395106
https://bitcointalksearch.org/topic/m.36703894
I’ve talked Ash and Lennard from Livetree. They didn’t offer any solution. And they have banned me from Telegram Channel.
And I just wonder, did Sylon get exact amount on the contract signed between Livertree and him. If he didn’t get, I am going to remove red trust from his profile.
Buy-back guarantee violation:
The buy-back price guaranteed at 1000 SED = 1ETH from day 1.
Right now buy-back price is 6071 SED = 1ETH
I was a participant of LiveTree - ADEPT bounty campaign. I sent about 700 post in 22 weeks according the rules. Weekly campaign rates are below:
Weekly Campaign Rates :
- Members : $5 per post (in SED tokens) / Members are not accepted anymore
- Full members : $25 per post (in SED tokens)
- Senior members : $35 per post (in SED tokens)
- Hero members : $40 per post (in SED tokens)
- Legendary members : $55 per post (in SED tokens)
I’ve earned $22,050 at the end of campaign. They sent me 36425,4287 SED tokens that is equal
$4.200. (1 ETH = 6,071 SED, 1 ETH = $700)
Scammer Profile Link:
Campaign manager: Sylon, https://bitcointalksearch.org/user/sylon-112240
CEO of Livetree: Ashley.Livetree, https://bitcointalksearch.org/user/ashleylivetree-1203211
Reference Link: https://bitcointalksearch.org/topic/bountyicobbb-livetree-adept-sed-own-the-future-of-entertainment-2322644
Amount Scammed: $22,050 (overall $1,085,840)
Payment Method: Personal effort
Proof of payment:
Line 57 on https://docs.google.com/spreadsheets/d/1aggPcVvuYU1jJ9P4BSFf7czri2RqWqc1Q7VegnnENHA/edit#gid=2080230004
Additional Notes:
Livetree is in the film industry. Their job is Right Management. I think, they can not manage any rights. There are 289 participants in the campaign. They have distributed $208,800 instead of $1,085,840. The campaign manager is ignore all participants’s questions.
https://bitcointalksearch.org/topic/m.36329264
https://bitcointalksearch.org/topic/m.36395106
https://bitcointalksearch.org/topic/m.36703894
I’ve talked Ash and Lennard from Livetree. They didn’t offer any solution. And they have banned me from Telegram Channel.
And I just wonder, did Sylon get exact amount on the contract signed between Livertree and him. If he didn’t get, I am going to remove red trust from his profile.
Buy-back guarantee violation:
The buy-back price guaranteed at 1000 SED = 1ETH from day 1.
Right now buy-back price is 6071 SED = 1ETH
This bounty campaign is based on a BBB (Bounties Buy Back) model: a portion of the bounties tokens that will be distributed through this campaign will be purchased back, at ICO price, after the token sale end.
50% of the SED tokens from the bounty campaign will be purchased back, in exchange of ETH.
Note: All dollar values are approximate and depend on ETH exchange rate.
Note': Bounty is only available after the min. raise has been met which is approx. $1.5m
There is a sliding scale so you will always get a guaranteed buy-back for every $100 backed $1 is available for bounty buy back.
The buy-back price is guaranteed at 1000 SED = 1ETH.
Thus, bounty campaign participants can be paid in SED or SED + ETH, the choice is up to you.
50% of the SED tokens from the bounty campaign will be purchased back, in exchange of ETH.
Note: All dollar values are approximate and depend on ETH exchange rate.
Note': Bounty is only available after the min. raise has been met which is approx. $1.5m
There is a sliding scale so you will always get a guaranteed buy-back for every $100 backed $1 is available for bounty buy back.
The buy-back price is guaranteed at 1000 SED = 1ETH.
Thus, bounty campaign participants can be paid in SED or SED + ETH, the choice is up to you.
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