Topic: [WARNING] PENNY UTILITY TOKEN Plagiarized Whitepaper (Read 263 times)

I am glad to announce that first Penny platform is almost done!
You can see it here:

https://www.cryptogems.info/

For now it is covering BSC and Harmony networks.
The more networks will be added soon.

Cryptogems socials:

Website: https://www.cryptogems.info/
FB: https://www.facebook.com/www.cryptogems.info
Twitter: https://twitter.com/CryptoGemsInfo
Telegram channel: https://t.me/cryptogemsinfo
Discord: https://discord.gg/KDXgFQxCeS
Telegram group: https://t.me/cryptogemsinfoofficial

That doesn't make sense. Why is none of that listed in your whitepaper?
I honestly don't care about digging deeper into this because I honestly doubt you solved anything and you probably just incorporated bits and pieces from other projects into yours. Obviously, this is just speculation, but based on the fact that you are prone to lying and cheating, and that you weren't even capable to write your own whitepaper; therefore, why should I believe you are honest about anything else?


Yes. Now you're starting to get it.

The team should have put the references used for the publication of your whitepaper. Because not providing the references means you are making the paper as your own creation which is not. By the way, if you are serious about this project, this accusation will not deter you from achieving your goals. So if what you are saying is true, you can move on with this accusation and let this be the lesson when you move forward. We will see if this project is not just another dead token later on.

Ok since you know what yoy are talking about, can you explain this:
https://youtu.be/TwWlp3RUtdo
And this:
https://youtu.be/inXEePiGaeU

---

As you can see above we have solved the problem of that boring bridges that even experienced users dont like.
No more stucked tokens on one or another network.
Also the problem that we have sold is staking on the different networks. It is expected that you will have different amounts of tokens that are in staking on different networks, but you need to give them all same staking rewards.
Find me just one multichain token that solved this and you will be right.
But nevermind, whitepaper is the most important...
I will nor reply here anymore. Let us be bunch of scammers for you.
We are not the first or even last ones that will be considered scam until we prove the opposite by our results. I already spent too many hours trying to explain to you something that you obviously cant understand.
Best Regards

Do you think you're talking to a bunch of idiots or some kind of robots? You took someone else's project whitepaper and passed it off as your own, and now you're talking about some nonsense idea. If you can't get a simple whitepaper right, then everything else is a scam.

A whitepaper writer will only write a whitepaper using the team's papers; no whitepaper writer will begin work without the project CEO's cooperation. You're running a sham project, in my opinion, and you deserve a red tag for it.

Zero idea just a bunch of scammers   

Guys I really dont have intention to fight with 5 of you.
I ordered whitepaper, sent you image of that. Person that made it did what he did...and we are here now.
My account was hacked 11 months before I got it finally back ( I can send you image of that too)
If you believe that project is scam, that is it.
Time will show that you were wrong.
My only recommendation is not to judge the project by whitepaper, website, than by idea, code, and things that developers finished.
Best Regards

I'll have to say that you have a very unique definition of "negativity", my invitation on the TG --as it appears to me-- sounds neutral enough. It didn't judge you of a misconduct, it invites you to come to the thread and give your explanation.

FUD is based on a false information, whereas the information I gave on the TG --that there is an unsolved accusation waiting for your answer-- is a pure fact. If you tried to defend yourself by blaming your mods, that you didn't know about it at all, that all of it were the mod's, weren't your team fact-check these "FUD" before they decide if it's indeed a FUD or simply just a situation they need to solve? Did you check their competency to de-escalate a situation or you just blindly hire --hopefully not a freelance-- mods because you're too busy with development?

If we may depart a little bit further from this point, that a simple invitation to answer to an accusation is counteracted with kicking the subject from the group and instantly labeling it as a FUD, it is not too far fetched to think that this is what would be your project's policy, where if someone posted something a tad bit "negative" --that you evidently did very well removing from your live-- they'll be automatically banned instead of get any help regarding their concern.

"Oh, I use the platform and I found this bug..." BAN
"Admin, can you please help me? I think one of the freelancer didn't deliver what's promi..." BAN
"Hi, I asked for a withdrawal for my freelancing job and I know it's been less than 24h, but.." BAN


Second, challenge accepted. Let's give you benefits of doubt and talk about details of your project that you've invested so much time on it that you had to hire a freelancer to write your WP and didn't have time to check it --more of this below-- I usually did this on the ANN thread but given the discussion already started here, so let's stay here.

These following screenshots are from your website [archived]



Riddle me this, your proposed main feature is a decentralized freelancing platform without a middleman, which in traditional definition, an employer will meet an employee directly and the payment will happen between both parties without other entities in between, so how does "the lowest fees for using this platform will be with penny token as payment option" fits into this? You declare that the job will happen with no middleman, but you require fees for each job done?



I am not really an expert on this field, so I can't be 100% certain, but a small google search and glancing at the articles provided reveals that there are ways to get around this --disregarding extra fees-- like this or this.

On top of it, comparing your project to the traditional freelancing platform is comparing apple-to-orange. There are several crypto-based freelancing platforms that should be more fair to be used as comparison as they're better suited to be compared feature-wise, payment-wise, etc.



And again, riddle me this, how exactly does a project has a 98.6% of total supply and not 100%? Your total supply will always be 100%, your circulating supply could be less than 100% due to burning, locking, etc. but I don't think a total supply can be less than 100%, unless there's something wrong with my logic?


Next, the notoriously well-known excuse of "we hire a freelancer".

Let's amuse ourselves for a while by accepting that you hired a freelancer to build your whitepaper, the first and most severe mistake a project can do --according to my mind-- is outsourcing people with bare knowledge of your project to write your whitepaper. If you're so serious and well invested on your project, you'll spare some time to write your own whitepaper, because no one would ever be able to explain the project in details like its own creator, especially since it's just a ten pages of whitepaper, with the first one is a cover, the second last is a chart, and the last page is links.

You can't do that because English is not your main language? Here, a protip for dummy, wrote them in your own language and hire a translator instead of a content writer. It's a no brainer, really, every dev smart and serious enough to build a project will figure this out, but hey, I've said it's a protip for dummy, anyway.

And as promised on earlier paragraph, I find it ironic that you as a freelancing platform got "scammed" by a freelancer, that you didn't check the work at all, no matter what the excuse is --again, it's a ten page of work. Nonetheless, should this be used as a reference how your platform will perform in the future? Where there are no way to safeguard a project because the team are so busy with their things?

In conclusion, if you ask me, I don't think we can use busy as an excuse because, as mentioned before, if you're so well invested on your project --and still decide to hire a clueless third party, somehow-- you'll at least give them a read, you'll make time for it. So tell me, which one is it? Were you too invested on the project that you can't afford to risk it to get derailed by a negativity of a "FUD" before you even started, or were you too careless that you don't bother to wrote your thought into WP or at least check the job?

Last, but first thing first, just to be sure, the date is the non-US format? It's on DD/MM/YYYY, which means you wrote on first of February 2019, and you get replies --not to mention the two that's not displayed between these mails-- on fourth of February 2019. You call that slow?

Second, the statement that you lost your will to write is somewhat also questionabe, given (1) you made several post after your account recovered, so much for the lost of willingness and, (2) your post before is already sporadic, with the last entry before 2019 is 2017. If you reasoned that you've been hacked for a few months prior to the email date, you're saying you barely wrote anything in 2017 and 2018? Or were you saying that it took you two years to realize you're compromised? Or that you've wrote since 2017 to the admins of this forum and only got your ticket solved in February 2019?

True. Time will show everything.
The fact is that 9 of 10 crypto project failed. Fact...pause.
So with that logic you can accuse all 10 projects to be a scam and you will be right 9 times.
Same as facts in the whitepaper. If you find something is not the fact there, you can write it.
But accusing the non English native speaker to be a scammer for using the third party to write for him is funny at the end. Good luck in life with that logic.

---

My idea was to pay for something I know I cant do alone.
So I did it, as you can see on the screenshots that I have sent.
He take the money and used part of texts he found on the internet.
My job is to work with developers. There was thousands of projects with beautiful whitepapers that failed. The only ones that are working now, are the ones that worth because of code behind them. So my focus is code.
As you can see in telegram and in previous posts that I made I first deliver the work and then write about it. Scammers doing exactly the opposite

[moderator's note: consecutive posts merged]

Too many words. We've heard this many times. You came to the forum with an announcement for what? If you are so confident of success. Time will tell everything. But after being here long enough, we saw many projects that desperately declared their value, but time shows that almost all of them have sunk into oblivion.
And understand, we do not have to prove something to you, but you to us. If the first thing you do not want to waste time on, that is, creating a document, and you stupidly copy everything from the Internet, why are you here at all?
Go about your business, don't waste your time. 

Every project starts with an idea. What exactly was your idea? Let's steal someone else's work and sell it as my own? Not very original...
Maybe I can convince the lazy school dropout of my home town to write the documentation for me. I already know the easy solution so why bother writing it myself?

I am here. The only thing I can be accused for is paying freelancer on fiver to make me whitepaper: https://ibb.co/W0b36fS
As you can see it is done before 1 month.
It is nice that you have time to read whitepapers of all old project that were scam, or not, but trust me that I dont have time for that.
If you believe that Penny project is scam, I cant do nothing there.

Since you are already in crypto, you should be able to check the announcements of token on Telegram too and 2 videos of our DApp.
When you realize that this is truly next generation of multichain tokens, your accusations will be funny anyway.

You are right for the whitepaper, but not for anything else.
By the way the only reason why I wasn't using this account for 2 years is slow support of bitcointalk forum. When I got account back, I lost a will to write . Proof is also here: https://ibb.co/Vq56qjk

So please before accuse some project to be a scam, because it has some parts of text of some other project whitepaper, check other details too.
 

---

The answer is above. Of course I cant double check everything. I can check the token code, but not whitepaper. I dont know how to check it at all? To copy part by part in google and look for similar results? Sorry but I dont have time for it anyway. Need to work on platforms with devs

---

One of main things that I did well in my life is removing negative people from it. Trying to spend the time just with positive and good will people. In a crypto world there is a plenty negative people, that are spreading negativity in the group to others. From one side its good that you posted info there so we know what is happening here. On the other side you can light the fire with negativity on project that didnt started yet. I didnt lose 6 months on coding to have negative comments before start. I have personally told to mods to delete all the fuds from the group. Some of them deleted your comment too.

---

I hope that proves above are enough to see that all of you are wrong.
Whitepaper is 1% of the project.
Code is 90%. So before you accuse someone to be a scam, you should check the code, right?

If we wanted to scam people, probably will make token in 5 minutes on some launchpad. I don't think that scammers are working 6 months on code to scam people.

How many project you know that done audit before private sale?
How many project launching first platform before presale?
How many multichain tokens have the staking, voting, proposals options in DApp? You are right 95% of them don't even have DApp for that.
How many multichain tokens have option to receive staking rewards on one network, while people moving tokens on 2 others? Probably none
How many multichain tokens have option to recognise TX?
How many multichain tokens have protocol validator for burning and minting tokens on another networks?
 

So accusing someone that is scam because he copy parts from whitepaper is fine.
But that could do 3rd grade kid. Maybe he will look for other details before he do what you have done.
I expected more from Hero and Legendary members on this forum.

Best Regards
Dejan


[moderator's note: consecutive posts merged]

You're right, I didn't notice the gap in his posting history. I wanted to give him a chance to explain what his relationship with this scam-project is, but in this case I don't see any point. There is no excuse that can justify his actions.

Type 1 Flag on rakec: https://bitcointalk.org/index.php?action=trust;flag=2890

I don't think the plagiarism of their white paper was done by accident. What can we expect from the OP? What can he explain to us? This will be another lie with excuses that they hired the wrong person, and of course, he will fix everything right now and blah blah.
The question is different if they are in such a hurry to announce their project, do not they need to double-check everything from the beginning?
Good check, FatFork.
Let's not be naive to believe in fairy tales about what a scammer can come up with when he wakes up two years later to publish another scam.

I think it's safe to start proceeding with the negative tag. I tried to reach them via their TG channel and they removed me right away. I don't think they'll heed the invitation you put on their thread

I addressed the issue in their ANN topic, so it remains to be seen if the OP replies. He was active on the forum today, but I'll give him another 24 hours before tagging his account.

Your suspicion is most likely correct, the content is copied from the Magictoken project - which itself seems to be a dead project with just nine holders as per their website and some more websites.

As usual, the ones copying a whitepaper will usually target the dead/abandoned projects so as to not get too much attention to it and use the lack of information to run their scam.

I would suggest sending a PM to the accused account, if they respond that they will stop cooperating with the scammers, all good. If they dont I suggest opening a flag on the accused.

What happened: PENNY UTILITY TOKEN is yet another fake project with completely plagiarized content from multiple sources in the whitepaper.

Scammer Profile Link: https://bitcointalksearch.org/user/rakec-1055353
Flag Type 1 (support/oppose): https://bitcointalk.org/index.php?action=trust;flag=2890

ANN thread: [ANN]🔥🔴🔥[PENNY UTILITY TOKEN]🔥🔴🔥 One Token for Multiple Platforms 🔥🔥🔥
Archive: https://archive.md/CrclJ

Website: https://pennytoken.org


Whitepaper: https://pennytoken.org/whitepaper.pdf
Archive: http://web.archive.org/web/20211216220237/https://pennytoken.org/whitepaper.pdf

---

Original source: http://magictoken.io/




Original source: https://www.odysseyprotocol.io/whitepaper




Original source: https://www.odysseyprotocol.io/whitepaper




Original source: https://www.onbenchmark.com/blog-detail/freelance-market-statistics-and-trends-in-2021

I'm not sure if these are original sources but they are the oldest I've found. The rest of the whitepaper was also copied from various sources.