Readbud or readdud scam

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Has anyone out there heard of readbud it is a unique site where you get paid to read articles say between 6 to 15 daily after you have read them you are awarded a monetary value for reading each article within a specified time frame,your payment is based onthe number of words allocated for each article and the redemption amount is fifty dollars it will take two months approx to reach payout, so far so good but i never got paid out and the same for many others it seems there ploy is simply to generate traffic over the web and get people to read there adverts,i would like to hear from people if they also got duped like myself or if anyone actually got paid.