Never invest a coin with private sale.
Beam is a projest with only private sale. 20% of mined coin in the first three years belong to the team and private investors.
why? because it is unfair distribution. Coins with public ICO are much fair than those only invested by private investors.
To clarify here. there was no 'private sale'. the project received venture capital from a range of different sources, all of whom you can see directly on the website. This is not private investment, nor is it hidden in any way. VC's did not invest on the promise of coins, they invested in the overall company who developed the first mimblewimble cryptocurrency. The funds raised were used to build the startup company. Regarding the foundation treasury fund.. it's just a simple float to keep the business running, and ensure the developers whom have been called and chosen, can stay with Beam to progress the technology for the good of Beam, and other cryptocurrencies who wish to collaborate with the Beam team.
Please do a little more research before you instigate a hate-campaign on any project, because as far as i can see, all that you are doing is you are opening your mouth and letting your belly rumble.
This is NO hate campaign ...
Not on my part in any case.
I have stated just what I have stated, as I believe it. This is NOT about being 'fair' in any sense of the word as the previous poster tried to state, it is about creating a usable project AND making money - proven by what you have just stated. GREED plays a massive part in the Crypto industry at the moment, and that is not to say the BEAM Team (kinda catchy that), but just as a general overview. I am no newbie and have been around since almost the very beginning of Crypto itself, so I see what I see, and say what I see. I too have developments in the company with a great team of people, and have witnessed some of those developers AND community members fall short of the meaning of the word 'decent' and GREED took well over their sensibilities. I hope this is not the case with the BEAM Team, but I can ASSURE YOU it is the goal of the Venture Capitalists, coin purchasers/traders, and a vast majority of the community.
Nothing can be proven otherwise, unless you do this ALL for free, which you are not.
Hence what I have said is NOT hate speech, let alone a campaign of any sort. I actually like the plan you have, but am unsure that it will bring the desired results that you claim you will achieve, based on the sole fact that money is a major goal of ANY corporation that has the backing you do.
Outside of that monetary component, it is a pretty good project.
#crysx