This is exactly the scam that is playing out...we need to out these projects and vow to never work with them again. Here are the projects that have scammed the bounty folks that I know of. ICOs, you are on notice, pull this scam and we WILL boycott and work against you, it's just that simple.
1. CyberMiles (AFTER the referral program they claimed that you had to purchase at least 2 ETH...of course the ICO sold out in 45 minutes)
2. SwissBorg (they pulled the old, "oh we need a NON USA KYC completed to release your referral credits")
Everyone please list others that can't be trusted...as these projects have made a HUGE error in judgement that will cost them dearly as the crypto community isn't that big and the scammers get called out and are never forgotten!