Quote from: Vivelafrance on December 09, 2018, 09:42:34 AM

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

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?