Dear croco8,

Thank you for sharing your feedback with us. Can you please explain to me what you mean by you spent your money to attract referrals? How many referrals did you lose because they did not create an Ardor wallet/ Obtain KYC level 1 ? None of your referrals actually made an investment( making you earn commissions) to cover the costs you incurred?

I will share my personal experience with you. I created a blog and put my referral link there. I got around 130 referrals but only 3 of them passed KYC/ created an ardor wallet so I lost around 3000 DOM tokens which is annoying. Moving on to the nice part 4 of my referrals decided to invest and I got a total of 255 Euros in commissions. I was very happy that Dominium decided to increase minium commission percentage from 2.5% to 5% ( you do the maths) furthermore Dominium gives a bonus if you decide to exchange the commissions into tokens. As you understand by now I got 7 referrals in total (7*25 plus commissions).

So like you mentioned bounty hunters help attract investors, did none of your referrals decide to invest and make you earn commissions/ cover your fees?

Concerning the referral program where you could earn 25 tokens per referral since you are paying for this as you mentioned who tells us ( the company) you are not paying 10 people to create as many accounts as possible? Therefore we decided to introduce AML/ KYC as we registered a large number of fake accounts!
We apologise for not mentioning this at the very start!

To conclude, our Bounty manager is not a scammer his job is to check the forms you send and reward stakes. Ilker goes further by giving bounty hunters chance to submit late and talk to him when you need help. Ilker was not part of the company at the beginning of the bounty program and he has nothing to do with the allocation of a too large pool of tokens to bounty hunters in the first place.

If you want to get back to me please state some facts and numbers and not opinions and thoughts.

Kind regards,
Yacine

Dear Dicaprio,
I am guessing that you do not receive our newsletters? This information was made public and I am happy to forward the email to you if you share your email with me. We are controlled by an accountant and we will inform our community on the total amount of funds raised and we will record every transaction made with those funds.
Kind regards,
Yacine

Dear Dicaprio, 

Let me phrase it in a different way. The bounty program was originally worth 5 million Euros. We raised 650 K euros up to now. It would be a huge scam if we distributed 5 million euros worth of tokens for bounty related activities when our company isn’t worth that much.
If we distributed 5 million euros of tokens they would be  “scam tokens” as their value is more than the value of the company.

I know that the changes implemented by management are difficult to accept but they took a decision and the truth is that the program has been closed and capped for the good of the company. I am telling you the truth and not expressing my thoughts.

Furthermore, you are talking on behalf of the community but our community isn’t only made out of yourself and bounty hunters. Of course we value your feedback and we are sorry that you are not as happy as expected with the results of your work.

To conclude, our platform has already been financed by the founders of the company ( proves they committed capital and believe in this project). The money raised at the end of the ITO will be used to purchase real estate.
As you say there is nothing that can be done to change your opinion so once again sorry for the changes but they were needed to preserve the value for the community ( bounty hunters, employees, investors etc..)

Kind regards,
Yacine

To get back to you on your latest post,

I am not just a member of the team. I am the French ambassador and I am valued within the team for my effort.

Concerning the miscalculation, like any other business that has to make forward looking statements(calculations), we made this calculation based on our soft/ hard cap (2.5 to 92.5 million) which was based on current market conditions at that time as mentioned in my previous post. We did not anticipate the crypto market to incur such huge losses!
Every business decision can be criticised and you are free to do so by sharing your thoughts/ beliefs.

Kind regards,
Yacine

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